巴菲特：我们还有一个庞大的投资组合，在某些情况下，其市值可能会急剧下降（如1987年10月19日发生的那样）。然而，无论发生什么，伯克希尔都将拥有稳定的净资产、现金流和流动性，能够轻松应对任何不利局面。任何其他方法都是危险的。多年来，很多聪明人已经通过艰难的方式了解到，一连串令人印象深刻的数字乘以零，终究是等于零。我不想亲身体验这个方程式的效果，我更不想承担将这种惩罚强加于他人的责任。（巴菲特 2005年）
原文：We also own a large investment portfolio whose market value could fall dramatically and quickly under certain conditions (as happened on October 19, 1987). Whatever occurs, though, Berkshire will have the net worth, the earnings streams and the liquidity to handle the problem with ease. Any other approach is dangerous. Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero. That is not an equation whose effects I would like to experience personally, and I would like even less to be responsible for imposing its penalties upon others.（2005）
释义：1.“dramatically”意为“显著地”；
2.“string”意为“一串”。
原文：We also own a large investment portfolio whose market value could fall dramatically and quickly under certain conditions (as happened on October 19, 1987). Whatever occurs, though, Berkshire will have the net worth, the earnings streams and the liquidity to handle the problem with ease. Any other approach is dangerous. Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero. That is not an equation whose effects I would like to experience personally, and I would like even less to be responsible for imposing its penalties upon others.（2005）
释义：1.“dramatically”意为“显著地”；
2.“string”意为“一串”。
We’re coming back!! FOOLS GOLD EUROPEAN TOUR 2024!!! Can’t wait to see you again ❤️
Tickets out Friday 26th 10am CEST
Oct 1: La Madeleine - Brussels, BE
Oct 2: Islington Assembly Hall - London, UK
Oct 3: Le Trabendo - Paris, FR
Oct 5: Jovel Music Hall - Münster, DE
Oct 7: E-Werk - Cologne, DE
Oct 8: Grosse Freiheit - Hamburg, DE
Oct 9: Zenith - Munich, DE
Oct 11: LKA-Longhorn - Stuttgart, DE
Oct 13: Kaufleuten - Zurich, CH
Oct 15: Santeria Toscana 31 - Milan, IT
Oct 17: Kafe Antzokia - Bilbao, ES
Oct 18: Razzmatazz Room 2 - Barcelona, ES
Oct 20: BUT - Madrid, ES
Nov 5: Cirkus - Stockholm, SE
Nov 7: Mejeriet - Lund, SE
Nov 8: Trädgårn - Gothenburg, SE
Nov 10: Rockefeller Music Hall - Oslo, NO
#christopher##christopher[超话]#
Tickets out Friday 26th 10am CEST
Oct 1: La Madeleine - Brussels, BE
Oct 2: Islington Assembly Hall - London, UK
Oct 3: Le Trabendo - Paris, FR
Oct 5: Jovel Music Hall - Münster, DE
Oct 7: E-Werk - Cologne, DE
Oct 8: Grosse Freiheit - Hamburg, DE
Oct 9: Zenith - Munich, DE
Oct 11: LKA-Longhorn - Stuttgart, DE
Oct 13: Kaufleuten - Zurich, CH
Oct 15: Santeria Toscana 31 - Milan, IT
Oct 17: Kafe Antzokia - Bilbao, ES
Oct 18: Razzmatazz Room 2 - Barcelona, ES
Oct 20: BUT - Madrid, ES
Nov 5: Cirkus - Stockholm, SE
Nov 7: Mejeriet - Lund, SE
Nov 8: Trädgårn - Gothenburg, SE
Nov 10: Rockefeller Music Hall - Oslo, NO
#christopher##christopher[超话]#
巴菲特：诚然，有些人利用负债得以致富。殊不知，这也是一条返贫之路。当杠杆发挥作用时，它会放大你的收益。你的配偶认为你很聪明，而你的邻居会嫉妒你。但杠杆会让人上瘾。一旦从中尝到甜头，很少有人会转而采取更保守的做法。正如我们在三年级时所学到的，任何一系列正数，无论数字多么令人印象深刻，只要乘以一个零，就会顷刻间灰飞烟灭，有些人在2008年又重温了这一课。历史告诉我们，即便使用杠杆的人非常聪明，最后也难逃归零的宿命。（2010年）
巴菲特原文：Unquestionably, some people have become very rich through the use of borrowed money. However, that’s also been a way to get very poor. When leverage works, it magnifies your gains. Your spouse thinks you’re clever, and your neighbors get envious. But leverage is addictive. Once having profited from its wonders, very few people retreat to more conservative practices. And as we all learned in third grade — and some relearned in 2008 — any series of positive numbers, however impressive the numbers may be, evaporates when multiplied by a single zero. History tells us that leverage all too often produces zeroes, even when it is employed by very smart people.（2010）
释义：1.“magnifies”意为“放大”；
2.“envious”意为“嫉妒”；
3.“addictive”意为“上瘾的”；
4.“evaporates”意为“蒸发”、“消失”。
巴菲特原文：Unquestionably, some people have become very rich through the use of borrowed money. However, that’s also been a way to get very poor. When leverage works, it magnifies your gains. Your spouse thinks you’re clever, and your neighbors get envious. But leverage is addictive. Once having profited from its wonders, very few people retreat to more conservative practices. And as we all learned in third grade — and some relearned in 2008 — any series of positive numbers, however impressive the numbers may be, evaporates when multiplied by a single zero. History tells us that leverage all too often produces zeroes, even when it is employed by very smart people.（2010）
释义：1.“magnifies”意为“放大”；
2.“envious”意为“嫉妒”；
3.“addictive”意为“上瘾的”；
4.“evaporates”意为“蒸发”、“消失”。
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