我们喜欢那些能产生大量现金、却不需要把大部分现金再投回去维持增长的企业。

We like businesses that earn a lot of money, and don't have to reinvest a lot of it to keep growing.

真正出色的公司数量极少，当找到这样的公司时，要大量买入。

There are a very small number of truly outstanding companies. When you find one, buy in size.

激励机制是世界上最强大的力量。给我看激励机制，我就能告诉你结果。

Show me the incentive and I will show you the outcome.

一家公司是否伟大，很大程度上取决于管理层是否愿意为未来十年的利益，牺牲眼前三个季度的利润。

Whether a company is great depends largely on whether management is willing to sacrifice three quarters of profit today for the benefit of the next ten years.