我评估一门生意，先看它十年后还在不在、好不好。

When I assess a business, I first ask whether it'll still exist and thrive in ten years.

一个公司的资产负债表是评估其健康状况的重要工具。

A companys balance sheet is an important tool for assessing its health.

我在麦哲伦基金养成了一个习惯：每个月至少走访两三家我持有的公司，和一线员工聊天而不是坐在会议室听高管演讲。

I made it a habit to visit at least two or three companies I owned each month, talking to frontline employees rather than sitting in conference rooms listening to executives.

如果你拥有一家公司的话，你就知道什么你应该重点关注了。如果你没有拥有一家公司的感觉，怎么说也都是没用的。

If you own a company, you know what to focus on. If you don't have the feeling of ownership, no explanation will help.