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。
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.
Data is the new oil, but how to refine it is the key.
Every problem in mathematics has a solution; it's just a matter of finding the right path.
Ninety-nine percent of the troubles that threaten our civilization come from too optimistic, therefore we should have a system where the accounting is a way more conservative.
The first step toward getting somewhere is to decide that you are not going to stay where you are.
商业的成功来自于平衡短期收益与长期愿景。
艺术作品是神圣的痕迹。
如果你看到一个巨大的变革性机会,不要疑虑其他人为什么没有采取行动。你可能看到了他人没有看到的东西。问题越严峻,竞争就越有限,对问题解决者的回报就越大。
It's probably as unlikely that you would nowadays become as rich and famous as Bill Gates, as it was unlikely in the17th century that you would accede to the ranks of the French aristocracy. But the point is, it doesn't feel that way. It's made to feel, by magazines and other media outlets, that if you've got energy, a few bright ideas about technology, a garage -- you, too, could start a major thing.