为了成功，你必须愿意失败。

矿业中的多样性不是可选项，而是发展的必要条件。

Once in a while the phenomena we exploit are particularly present. We like a reasonable amount of volatility. In our business we want some action. “Tumult is usually good for us. We don’t have credit lines of any significance. We don’t do a lot of leveraged-type financing.

写作即抵抗。

If you want to go fast, go alone. If you want to go far, go together.

Learning is not just about finding patterns, but about understanding the underlying mechanisms that generate those patterns.

Probability is determined both by the nature of our observations and by our conception of rationality.

成功投资的关键是清楚地理解市场、涉及的风险、纪律性的方法、长期视角、对基本面的深刻理解以及对风险和回报的清晰理解。

Baking is not just a science; it's an art that requires passion and precision.