投资到最有智慧的程度，就是最像做生意的时候。

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.

成功的企业家往往是最擅长发现和解决问题的人。

Successful entrepreneurs are often the best at discovering and solving problems.

检验一个人的人品不是看他在顺境中怎么做，而是看他在压力下怎么做。这一样适用于检验一家公司的管理层。

The test of a person's character is not how they act in good times, but how they act under pressure. The same goes for testing a company's management.