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.
War is an ugly thing, but not the ugliest of things: the decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth a war, is much worse.
I don't like to be labeled as just one thing.
你对别人越感兴趣,别人就对你越感兴趣。要想变得有趣,先有兴趣。
The best leaders are those who empower others to grow, just like how sunlight nurtures every fruit on the tree.
Climate models are like time machines - they allow us to peer into possible futures.
I write to understand what cannot be understood.