做決策時，你只需要了解事件的影響（這是你能知道的），不需要了解事件的可能性（這是你不可能知道的），這一思想就是不確定性的核心思想。
--《黑天鵝》第13章，作者：Nassim Taleb
No 1. "The key to investing is ..... determining the competitive advantage of any given company and, above all, the durability of that advantage. The products or services that have wide, sustainable moats around them are the ones that deliver rewards to investors."
No 2. "We believe this margin-of-safety principle, so strongly emphasized by Ben Graham, to be the cornerstone of investment success."
No 2. "We believe this margin-of-safety principle, so strongly emphasized by Ben Graham, to be the cornerstone of investment success."
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我的簡介 My Profile
- 小林同志 aka Comrade Littlewood
- 香港, Hong Kong
- 我叫小林。完成香港科技大學商學院碩士課程。主要興趣包括：向巴菲特，連治，費雪學習投資，並且向Murray Rothbard學習有關貨幣的歷史。
Thought of the Day
"When hamburgers go down in price, we sing the "Hallelujah Chorus" in the Buffett household. When hamburgers go up, we weep. For most people, it's the same way with everything in life, they will be buying--except stocks. When stocks go down and you can get more for your money, people don't like them anymore."
By Warren Buffett
當漢堡包的價格下跌，我們都頌唱哈利路亞。當漢堡包的價格上漲，我們就哭了。對於大部分人，生活裏的每件事都是在下跌時買---除了股票。當股價下跌代表你可以更少的金錢得到更多時，人們反而不再喜歡股票了！
---巴菲特
By Warren Buffett
當漢堡包的價格下跌，我們都頌唱哈利路亞。當漢堡包的價格上漲，我們就哭了。對於大部分人，生活裏的每件事都是在下跌時買---除了股票。當股價下跌代表你可以更少的金錢得到更多時，人們反而不再喜歡股票了！
---巴菲特
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