Mon, Sep 13, 2027

************ Writers find it useful to picture the reader they seek, and often they are hoping to attract a mass audience. At Berkshire, we have a more limited target: investors who trust Berkshire with their savings without any expectation of resale (resembling in attitude people who save in order to buy a farm or rental property rather than people who prefer using their excess funds to purchase lottery tickets or “hot” stocks).

Source： https://www.berkshirehathaway.com/letters/2023ltr.pdf
2023 Chairman's Letter, excerpt 3

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

聖人之諾已也，先論其理義，計其可否。義則諾，不義則已。可則諾，不可則已。故其諾未嘗不信也。小人不義亦諾，不可亦諾。言而必諾，故其諾未必信也。故曰：「必諾之言不足信也。」

Source： https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC64%E7%AF%87%E5%BD%A2%E5%8B%A2%E8%A7%A3
第64篇形勢解·第40则

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

公卿愀然，寂若無人。於是遂罷議止詞。

Source： https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B707
卷7·取下第四十一·第3则

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

子夏曰：「百工居肆以成其事，君子學以致其道。」

Source： https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E5%AD%90%E5%BC%B5%E7%AC%AC%E5%8D%81%E4%B9%9D
子張第十九·十九之七

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

In the little brick shop at 81 Park Place I had ample opportunity to work out the design and some of the methods of manufacture of a new car. Even if it were possible to organize the exact kind of corporation that I wanted--one in which doing the work well and suiting the public would be controlling factors--it became apparent that I never could produce a thoroughly good motor car that might be sold at a low price under the existing cut-and-try manufacturing methods.

Source： https://www.gutenberg.org/ebooks/7213
Chapter III, excerpt 31

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