Wed, Jan 27, 2027

"I must not be seen with you, but you did me a favor once and I then resolved if ever I could serve you I would do it. I called at the office in Pittsburgh and asked for work as a blacksmith. You said there was no work then at Pittsburgh, but perhaps employment could be had at Altoona, and if I would wait a few minutes you would ask by telegraph. You took the trouble to do so, examined my recommendations, and gave me a pass and sent me here. I have a splendid job. My wife and family are here and I was never so well situated in my life. And now I want to tell you something for your good."

Source： https://www.gutenberg.org/ebooks/17976
Chapter VII, excerpt 43

This is a direct reading: the original and source are kept; commentary will be added later.

處世不必邀功，無過便是功； 與人不求感德，無怨便是德。

Source： https://zh.wikisource.org/wiki/%E8%8F%9C%E6%A0%B9%E8%AD%9A
第28则

This is a direct reading: the original and source are kept; commentary will be added later.

Secondly, of all those profitable buildings which are the means of procuring a revenue, not only to the proprietor who lets them for a rent, but to the person who possesses them, and pays that rent for them; such as shops, warehouses, work-houses, farm-houses, with all their necessary buildings, stables, granaries, etc. These are very different from mere dwelling-houses. They are a sort of instruments of trade, and may be considered in the same light.

Source： https://www.gutenberg.org/ebooks/3300
Book II, Chapter I, paragraph 691

This is a direct reading: the original and source are kept; commentary will be added later.

是歲，天下州府凡三百五十八，縣一千五百一十一。

Source： https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7195
卷195·太宗文武大聖大廣孝皇帝中之上貞觀十三年（己亥，公元六三九年）·第28则

This is a direct reading: the original and source are kept; commentary will be added later.

We have attempted to ease this problem by clustering our businesses into four logical groups, each of which we discuss later in this report. In these discussions, we will provide the key figures for both the group and its important components. Of course, the value of Berkshire may be either greater or less than the sum of these four parts. The outcome depends on whether our many units function better or worse by being part of a larger enterprise and whether capital allocation improves or deteriorates when it is under the direction of a holding company. In other words, does Berkshire ownership bring anything to the party, or would our shareholders be better off if they directly owned shares in each of our 68 businesses? These are important questions but ones that you will have to answer for yourself.

Source： https://www.berkshirehathaway.com/letters/2005ltr.pdf
2005 Chairman's Letter, excerpt 2

This is a direct reading: the original and source are kept; commentary will be added later.