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.

伯克希尔没有正式的收购策略手册。我们的策略就是坐在电话旁等它响。

Berkshire has no formal acquisition strategy manual. Our strategy is to sit by the phone and wait for it to ring.

以便宜价格买入好公司，是战胜市场唯一可靠的方法。

Buying good companies at bargain prices is the only reliable way to beat the market.

不要用借来的钱投资。杠杆是唯一能让一个正确的判断变成一个灾难的东西——因为它会在你坚持到黎明之前就让你死在黑暗里。

Never invest with borrowed money. Leverage is the only thing that can turn a correct judgment into a disaster — because it can kill you in the dark before you make it to dawn.