1.Knowing the power of compound interest and the difficulty of obtaining it, it also grasps the core and soul of many things.
了解复利的力量和获得它的困难，也就掌握了很多事情的核心和灵魂。
2.The risk often comes from the fact that you don't know what you are doing. Therefore, it is wise to ensure that you do things within your capabilities.
风险往往来自于你不知道自己在做什么。因此，明智的做法是保证在你的能力范围内做事。
3.For those who always confidently answer questions that they don't really know, I am far from it.
对于那些总是自信地回答自己其实一窍不通的领域的问题的人，我都是敬而远之的。
4.Berkshire Hathaway Chairman Buffett and I (Charlie Munger) actually have only two things to do: one is to attract and retain good managers to run our businesses; the other is Capital allocation.
伯克希尔·哈撒韦公司董事长巴菲特和我（查理·芒格）其实只有两件事情要做：一是吸引并留住优秀的经理人，以经营我们的各项事业；另一个就是资本配置。
5.I want to know where I will die, and then I will never go there.
我就想知道我会死在何处，然后我永远不去那里。
6.If Warren Buffett did not learn new things after graduating from Columbia Business School, Berkshire would not be able to achieve what he is now.
如果沃伦·巴菲特从哥伦比亚大学商学院毕业之后没有吸取新的知识，伯克希尔将不可能取得现在的成就
7.Warren and I only look at industries and companies with core competencies. Everyone has to do this. Your time and talent are limited and must be assigned intelligently.
沃伦和我只看有核心竞争力的行业和公司。每个人都要这样做。你的时间和才能有限，必须聪明地加以分配。
8.Once we broke through Graham's limitations and used quantitative methods to find cheap stocks, we began to consider those better companies. And most of Berkshire Hathaway’s hundreds of billions of dollars in assets come from these better companies.
一旦我们突破了格雷厄姆的局限性，用定量方法来寻找便宜的股票，我们就开始考虑那些更为优质的企业。而伯克希尔·哈撒韦数千亿美元资产的大部分来自这些更为优质的企业。
9.Regardless of whether others want to please others or want to do something, you have to think independently and figure out what works, find effective ways, and then do it.
不管其他人是想要取悦别人或者想要做些啥，你要独立思考并搞清楚什么是有效的，找到有效的方法，然后去做。
10.The difference between greatness and mediocrity is to say no to most things.
伟大与平庸的区别是对大多数事说不。
11.I feel that you have to always compare what you can do and what others can do. You need to be firm and always rational, especially not to lie to yourself.
我觉得，你得始终对比自己能做到什么、别人能做到什么，你需要始终坚定地保持理性，特别是别自己骗自己。
12.Talk more about your failures and less about your success. It’s good for you.
多谈谈你的失败历程、少吹嘘你的成功经历，这样对你好。
13.If people choose the growth rate, everyone will choose the geometric progression, but the resources on the earth are limited.
如果让人选择增长速度的话，所有人会选几何级数，可惜地球上的资源是有限的。
14.When you are not strong enough, the first thing you have to do is to defeat opponents that are weaker than yourself.
在自己不够强的时候，你首先要做的是战胜比自己弱的对手。
15.A free market economy, people can do very successful as long as they find their place.
自由的市场经济，人只要找到自己的位置，就可以做的很成功。
16.If you don't turn this basic but somewhat unnatural basic mathematical probabilistic method into a part of your life, then in a long life, you will be like a one-legged person in a kick-ass. This is equivalent to giving a huge advantage to others.
如果你没有把这个基本的但有些不那么自然的基础数学概率方法变成你生活的一部分，那么在漫长的人生中，你们将会像一个踢屁股比赛中的独腿人。这等于将巨大的优势拱手送给了他人。
17.We both sit there thinking about it almost every day and have been insisting for a long time. This is very rare in the American business community. We read and think, so Warren and I read and think more and do less than most people in the business.
我们俩几乎每天都会坐在那里思考，并且已经坚持了很长时间。这在美国商界是非常罕见的。我们进行阅读和思考，所以，和企业中大多数人相比，沃伦和我阅读及思考的较多，做得较少。
18.I always believe in learning the essence of ready-made essence from others, and I don't like to sit alone and think about it. Because no one can be smart enough to that extent.
我始终相信从别人那里学到现成精华的道理，不喜欢一个人坐在那里空想。因为还没有人能聪明到那种程度。
19.In life and career, a lot of success comes from avoiding certain things: early death, bad marriage, etc.
在生活和事业中，很多成功都来自于你避免了某些事情：比如早逝、糟糕的婚姻等。
20.If someone says "my life is harder than it used to be", it is dangerous to fund them. Sometimes, you have to tell each other, accept your teeth, accept it yourself, accept the reality and deal with it yourself.
如果有人说“我的生活比过去更难熬了”，一味资助他们是危险的做法。有些时候，你不得不告诉对方，咬牙接受吧，自己来承担，接受现实自己处理。
21.Life is a long-distance running, and reliable is always the best physical strength.
生命是一场长跑，靠谱永远是最好的体力。
22.Be good at eliminating ignorance. In your life, you have the opportunity to learn from your inevitable mistakes and the mistakes of others. Humility helps to reduce mistakes made by arrogance.
善于消除无知，在你的一生中，你有机会从自己不可避免的错误和他人的错误中吸取 教训。谦卑有助于减少因傲慢而犯的错误
23.If you want to serve customers, or want to convince others, it is very helpful to use a humorous metaphor. This is a very great skill. You can say that Joey Fromm's skills are innate, but he often hones this talent. You have more or less this talent, and you can hone it.
如果你们想为客户服务，或者想要说服别人，用点幽默的比喻是非常有帮助的。 这是一种很了不起的本事。你们可以说乔伊·弗洛姆的本领是天生的，但他经常磨练这种天赋。你们或多或少都拥有这种天赋，你们也可以磨练它。
24.Knowing the power of compound interest and the difficulty of obtaining it, it also grasps the core and soul of many things.
了解复利的力量和获得它的困难，也就掌握了很多事情的核心和灵魂。
25.Humility helps to reduce mistakes made by arrogance.
谦卑有助于减少因傲慢而犯的错误。
26.Creatures usually prefer a fixed mode of activity in order to save maximum energy, and do not like the benefits that have long been enjoyed.
生物通常偏好固定的活动模式，以便最大程度地节省精力，也不喜欢长久以来享有的好处被拿走。
27.I think we (the United States) are at or near the apex of our civilization... If 50 or 100 years later, we (the United States) are only one-third of a country in Asia, I would not be surprised at all. If you want to bet, the best thing to do in the world in the future should be Asia.
我认为我们（美国）正处于或者接近我们文明的顶点……如果50或者100年后，我们（美国）只比得上亚洲某国家的的三分之一，我一点儿也不会觉得奇怪。如果要赌，这世界上将来干得最棒的应该是亚洲。
28.The only way to win is to work, work, work, and hope to have a little insight.
唯一的获胜方法是工作、工作、工作，并希望拥有一点洞察力。
29.Everyone has a circle of abilities. It is very difficult to advance the extension of the capacity circle. It is wise to understand the limits of your current skill development. Especially when the risk is high, you need to be conservative in self-evaluation. One of the main problems caused by human misjudgment is overconfidence.
每个人都有能力圈。要推进能力圈的外延是非常困难的。了解你当前技能发展的极限是明智的。特别是当风险很大的时候，在自我评价时需要保守一些。因为人类误判心理产生的主要问题之一是过度自信。
30.If it is controlled by a sufficiently sophisticated mentality, human beings will make all sorts of incredible things.
若是受到足够高明的心理操控，人类会做出各种匪夷所思的事情。
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