股价短期是投票机，长期是称重机。短期内市场受人气和情绪影响，但最终企业的真实价值会决定股价的走向。

In the short run, the market is a voting machine. In the long run, it's a weighing machine. Short-term, the market is driven by popularity and emotion, but eventually the true value of the business determines the stock price.

文化好，最主要的就是最终它会走回正道，有一个北斗星在指引着它到底该干什么。

企业文化来自创始人，不是做出来的。好的企业文化就是做对的事情。

Corporate culture comes from the founder, not something manufactured. A good corporate culture is simply doing the right things.

投资的四个维度是回报、风险、成本和时间。令人惊讶的是，绝大多数投资者只关注第一个维度。

The four dimensions of investing are return, risk, cost, and time. Remarkably, the vast majority of investors focus only on the first one.