1. ”Smart people aren’t exempt from professional disasters from overconfidence. Often, they just run aground in the more difficult voyages they choose, relying on their self-appraisals that they have superior talents and methods.”
1.  聪明人也不免遭受过度自信带来的灾难。他们认为自己有更强的能力和更好的方法，所以往往他们就在更艰难的道路上疲于奔命。 

2. ”There are always people who will be better at some thing than you are.You have to learn to be a follower before you become a leader.”
2.  三人行必有我师，要成为领导者之前必须先做跟随者。

3. ”We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side. If you can’t state arguments against what you believe better than your detractors, you don’t know enough.”
3.  我们总是在学习、修正、甚至颠覆各种主意。在恰当时机下快速颠覆你的想法是一项很重要的品质。你要强迫自己去考虑对立的观点。如果你不能比你的对手更好地说服对方，那说明你的理解还不够。

4.  ”A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.” 
4.  大部分生活和事业上的成功来自于有意避免了一些东西：早死、错误的婚姻、等等。

5.  ”The more hard lessons you can learn vicariously rather than through your own hard experience, the better.”
5.  最好是从别人的悲惨经历中学到深刻教训，而不是自己的。

6.  ”It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” 
6.  我们长期努力保持不做傻事，所以我们的收获比那些努力做聪明事的人要多得多。

7.  ”Practically everybody overweighs the stuff that can be numbered, because it yields to the statistical techniques they’re taught in academia, and doesn’t mix in the hard-to-measure stuff that may be more important. That is a mistake I’ve tried all my life to avoid, and I have no regrets for having done that.”
7.  实际上，每个人都会把可以量化的东西看得过重，因为他们想“发扬”自己在学校里面学的统计技巧，于是忽略了那些虽然无法量化但是更加重要的东西。我一生都致力于避免这种错误，我觉得我这么干挺不错的。

8.  ”You must know the big ideas in the big disciplines, and use them routinely — all of them, not just a few. Most people are trained in one model — economics, for example — and try to solve all problems in one way. You know the old saying: to the man with a hammer, the world looks like a nail. This is a dumb way of handling problems.”
8.  你应该对各种学科的各种思维都有所理解，并且经常使用它们 --- 它们的全部，而不是某几个。大部分人都熟练于使用某一个单一的模型，比如经济学模型，去解决所有的问题。应了一句老话：“如果你手里只有锤子，那么整个世界的事情都会看起来像钉子。” 这是一种很白痴的做事方法。

9.  ”In my whole life, I have known no wise people who didn’t read all the time – none, zero. You’d be amazed at how much Warren reads, at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”
9.  我这一辈子认识的所有智者，没有不爱看书的。我和巴菲特看书之多都能吓着你。我的孩子取笑我说我就是一本伸出两条腿的书。

10.  ”We read a lot. I don’t know anyone who’s wise who doesn’t read a lot. But that’s not enough: You have to have a temperament to grab ideas and do sensible things. Most people don’t grab the right ideas or don’t know what to do with them.”
10.  我们都爱大量阅读，聪明人都这样，但这还不够，你还应该有一种批判接受、合理应用的态度。大部分人看书都没有抓到正确的重点，看完了又不会学以致用。

11.  ”We get these questions a lot from the enterprising young. It’s a very intelligent question: You look at some old guy who’s rich and you ask, ‘How can I become like you, except faster?”
11.  我们经常从那些上进的孩子们那儿听到这种问题。这是个很“聪明”的问题，你对着一个有钱老头问：“我怎么才能成为你呢？怎么才能迅速地成为你呢？”

12.  ”I constantly see people rise in life who are not the smartest – sometimes not even the most diligent. But they are learning machines; they go to bed every night a little wiser than when they got up. And, boy, does that habit help, particularly when you have a long run ahead of you.”
12.  我经常见到一些并不聪明的人成功，他们甚至也并不十分勤奋。但是他们都是一些热爱学习的“学习机器”；他们每天晚上睡觉的时候都比那天早上起床的时候稍微多了那么一点点智慧。伙计，如果你前面有很长的路要走的话，这可是大有裨益的啊。

13.  ”Forgetting your mistakes is a terrible error if you are trying to improve your cognition.”
13.  如果想提高你的认知能力，忘记过去犯过的错误是坚决不行的。

14.  ”Recognize reality even when you don’t like it – especially when you don’t like it.”
14.  即使你不喜欢现实，也要面对现实 --- 其实越是你不喜欢，你越应该面对现实。

15.  ”Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations.”
15.  就像工人必须了解自己工具的局限性，用脑子吃饭的人也要知道自己脑子的局限性。

16.”I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart…”
16. 我觉得先好好掌握别人已经整理好的知识才是靠谱的学习方法。我不认可那种闭门造车自己鼓捣出结果的方法。没人能那么聪明。

17.  ”Experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime. A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind that loves diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past.”
17.  经验告诉我们，当机会来临的时候，如果你有足够的准备并且适时、果断、有魄力地做一些简单而合理的事情，就能奇迹般地让你致富。偶尔出现的这种机会往往赐予那些时刻准备着、一直搜寻着、并且愿意分析复杂事物的人。当机会出现的时候，你所要做的全部事情就是使用你平时谨慎耐心攒下来的弹药、大手下注在那些胜算极大的赌局上。

18.  ”You want to be very careful with intense ideology. It presents a big danger for the only mind you’re ever going to get.”
18.  你要当心过于强烈的意识形态观念。如果你脑子里只有一个念头的话那是非常危险的。

19.  ”Like Warren, I had a considerable passion to get rich. “Not because I wanted Ferraris– I wanted the independence. I desperately wanted it.”
19.  和巴菲特一样，我有很强的致富欲望。不是因为我喜欢法拉利什么的，而是我喜欢独立。我极度渴望独立。

20.“There’s a lot wrong [with American universities]. I’d remove 3/4 of the faculty — everything but the hard sciences. But nobody’s going to do that, so we’ll have to live with the defects. It’s amazing how wrongheaded [the teaching is]. There is fatal disconnectedness. You have these squirrelly people in each department who don’t see the big picture.”  
20.美国大学存在着很大的问题。要是我来管事儿的话，我会把3/4的系去掉，只留下那些硬科学的。但是没有人会这样做，所以我们只好凑合着忍耐这种缺陷。大学的教学都偏执得不行，而且授课时对于学科之间的联系关注极少，这可很要命。每个系里你都能找到那种毫无全局意识的疯子。

21.  Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts… Slug it out one inch at a time, day by day, at the end of the day — if you live long enough — most people get what they deserve.”  
21.  每天都试着让自己在起床的时候比以前更聪明一点，虔诚且出色地履行自己的职责，一步一个脚印往前走，没必要跑得太快，但你希望自己能跑得更快，每次都努力争取，天天如此。最后，如果活得足够长，大多数人都将得到他们应得的东西.

22.  “How you behave in one place, will help in surprising ways later.”  
22.  你如今的所作所为，对你日后生活的影响会超乎你想象。

23.  人生每个阶段都将面临考验，我认为有三点将有助于你应对这些挑战： 
（1） 期望值要低； 
（2） 富有幽默感； 
（3） 把自己置身于友情和亲情中。 
总而言之，忍受变化并适应它。 

24.  “人生就像一个不断聚焦的过程，思想越宽泛，行为反而越专业，思想和行为达成一致，聚焦在某一点上，那是人生最大的焦点和追求，难得不是聚焦，而是不断保持聚焦。”

25. 我将自己看作是自传迷，我认为当你正试图传授一些能起作用的伟大概念给别人的时候，将这些概念与它们的发明者的生活和个性联系起来的做法将提供帮助。我想，如果你能同亚当斯密交朋友，就能在经济学上学得更好，同已故伟人交朋友听起来有点怪异，然而，如果你一生中能同那些有着正确观点的已故伟人交朋友，它会比课堂教育更有助于你的生活和事业。这种方法远比仅仅传授基本概念出色。

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看我的名字就知道，我是个芒格的超级粉丝，但是不脑残 我认为这些话对生活的很多方面都有不小的帮助，不仅仅是对投资，所以多at了点人，欢迎随手转发。

@弱弱的投资者 @归隐林地 @小小辛巴  @云蒙  @Conan的投资笔记 @freez  @雪色泪影 @Dean_丁丁 @进化论一平 @雷公资本 @国老