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.
城市是由其居民写就的一本书。
The moment you stop learning is the moment you start failing.
The historical sense involves a perception, not only of the pastness of the past, but of its presence.
When you can't go back, you have to worry only about the best way of moving forward.
过去是跟随我们的影子,但也是指引我们的光。
有时候写作最难的部分就是开始。