2012年06月15日

W.B: We Simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

W.B:  We will only do with your money what we would do with our own.

W.B: We will reject interesting opportunities rather than over-leverage our balance sheet.

W.B: Wide diversification is only required when investors do not understand what they are doing.

W.B: Without passion, you don't have energy. Without energy, you have nothing.

W.B: Working with people who cause your stomach to churn seems much like marrying for money--probably a bad idea under

 any circumstances, but absolute madness if you are already rich.

C.M: A great business at a fair price is superior to a fair business at a great price.（个人认为就是未来现金流折现的意思）