一个公司如果有持续的盈利增长，就是一个好的投资标的。

A company with consistent earnings growth is a good investment candidate.

股票投资应该基于公司的基本面，而不是市场的短期波动。

Stock investing should be based on company fundamentals, not short-term market fluctuations.

我们寻找的是那些我们能大致看清未来十年模样的企业。如果连十年后的轮廓都看不清，我们不会碰。

We look for businesses that we think we can reasonably project what they will look like ten years from now.

伯克希尔最被低估的资产不是我们的股票组合，而是我们的保险浮存金——它让我们能以负成本借钱投资。

Berkshire's most underrated asset isn't our stock portfolio — it's our insurance float, which lets us borrow money at a negative cost to invest.