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.
市场是一个永远在不可持续的乐观(使股票过于昂贵)和不合理的悲观(使股票过于便宜)之间摇摆的钟摆。聪明的投资者是现实主义者,他们向乐观主义者出售并从悲观主义者那里购买。
写作是面对过去的一种方式。
"The truth is rarely pure and never simple."
成功是最好的报复。
小规模农民是全球水产养殖的支柱,他们值得我们的支持。
格式塔的组织原则对于理解我们如何感知周围世界至关重要。