最完美的股票，是那种无聊得让人打哈欠的——分析师不覆盖它，名字听起来就土，业务枯燥得让人昏昏欲睡。但正是这种公司，才可能给你带来最不无聊的回报。

The perfect stock is the one that's so boring that it makes you yawn. No analyst covers it, the name sounds dull, and the business is so tedious it puts you to sleep. But that's exactly the kind of company that can give you the most exciting returns.

我也是从看图看线过来的。后来看到巴菲特说的'买股票就是买公司'，突然就明白了。

I used to be a chart-watcher too. Then I came across Buffett's saying 'buying stocks is buying companies,' and it suddenly clicked.

指数基金是投资民主化的最大成就。

Index funds are the greatest achievement of investment democratization.

评价一家企业时，我最关心的是它的定价能力。

The single most important decision in evaluating a business is pricing power.