你的时间和诚信是无价的资产，永远不要浪费它们。

Your time and integrity are priceless assets. Never waste them.

价值投资分为两个阶段，一个叫发现价值，一个叫创造价值。

Value investing has two stages: discovering value and creating value.

心中没有巴菲特的人是很难相信巴菲特的。

Those who don't have Buffett in their hearts find it hard to believe in Buffett.

利润率和研发投入是判断一家公司是否拥有护城河的最佳双指标。

The ability to maintain above-average profit margins over a period of years is an indication of a competitive advantage.