The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.

"We need to be insatiable in our desire to learn from the outside."

我不需要理由去毫无歉意地做自己。

Justice is simple. It's just not fair.

Challenges are opportunities in disguise.