The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
市場(chǎng)是一個(gè)永遠(yuǎn)在不可持續(xù)的樂(lè)觀（使股票過(guò)于昂貴）和不合理的悲觀（使股票過(guò)于便宜）之間搖擺的鐘擺。聰明的投資者是現(xiàn)實(shí)主義者，他們向樂(lè)觀主義者出售并從悲觀主義者那里購(gòu)買(mǎi)。
The culture industry is the most effective form of domination.
無(wú)論做什么都要享受樂(lè)趣，人生就該這樣。
科學(xué)方法是統(tǒng)一且不可分割的，處理生命物質(zhì)的科學(xué)與處理無(wú)機(jī)物質(zhì)的科學(xué)方法相同。
To understand psychology, observe behavior in its natural context.