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By far, the best investment you can make is in yourself.
到目前為止,你能做的最好的投資就是投資自己。
If you invest in yourself, nobody can take it away from you.
如果你投資於自己,沒有人能奪走它。
If I gave you a car, and it'd be the only car you'd get in the rest of your life, you'd take care of it like you can't believe it.
如果我給你一輛車,而且這是你餘生唯一的一輛車,你一定會愛不釋手。
Any scratch, you'd fix that moment.
任何劃痕,你都能修復那一刻。
You'd read the owner's manual.
你會閱讀用戶手冊。
You'd keep a garage and do all these things.
你會保留一個車庫,做所有這些事情。
And you get exactly one mind and one body in this world.
在這個世界上,你只有一個心靈和一個身體。
And you can't start taking care of it when you're 50.
而且你不能在 50 歲時才開始保養。
Just remember that you've just got one mind and body to get through life with.
請記住,你只有一個頭腦和身體來度過人生。
The most important thing is really who you associate with.
最重要的其實是你與誰交往。
You want to associate with people that are better than you are.
你希望與比你優秀的人交往。
I mean, basically, you'll go in the direction of the people that you associate with.
我的意思是,基本上,你會朝著與你交往的人的方向發展。
And you want to have the right heroes.
你想擁有正確的英雄。
If you want to emulate somebody, you better pick very carefully who you want to emulate.
如果你想模仿某人,最好仔細挑選你要模仿的對象。
Obviously, you can't pick your parents.
顯然,你不能選擇你的父母。
They're going to have enormous influence on you.
他們會對你產生巨大的影響。
But you don't get a choice on that.
但你別無選擇。
But you get choices as you go down the line.
不過,你可以根據自己的喜好進行選擇。
Who you want to copy.
你想模仿誰?
And the most important for most people in terms of that decision is their spouse.
而對大多數人來說,做出這個決定最重要的是他們的配偶。
It's also important in terms of a partner in business.
對於生意夥伴來說,這一點也很重要。
But the partner in life is the most important.
但生活中的伴侶是最重要的。
And you want to pick a spouse that's better than you are.
你要選擇一個比你更優秀的配偶。
Well, they just don't realize that.
他們只是沒有意識到這一點。
They think that because you can trade, you should trade.
他們認為,既然可以交易,就應該交易。
You buy a farm.
你買了一個農場。
You buy an apartment house.
你買了一套公寓房。
You can't resell it tomorrow.
你不能明天就把它轉手賣掉。
Now you get something handed to you, liquidity, which is instant.
現在,你得到的是交給你的東西,流動性,這是即時的。
You can sell.
您可以出售。
And the cost of doing it are pennies compared to other kinds of investment activity.
與其他類型的投資活動相比,這樣做的成本微不足道。
So because they can so easily move around, they do move around.
是以,因為它們可以很容易地四處走動,所以它們確實四處走動。
And moving around is not smarter than investing.
四處奔波並不比投資更聰明。
Is business school worth it?
上商學院值得嗎?
It depends on the person.
這要因人而異。
Much more than it depends on the school.
更多的是取決於學校。
Some people are going to get a lot out of advanced education.
有些人會從高等教育中受益匪淺。
And some people are going to get very little.
有些人得到的很少。
And I don't even think it's important that every person go to college at all.
我甚至認為,每個人都上大學並不重要。
I mean, we have all kinds of jobs at $70,000 a year, $80,000 a year, that college training is not of use.
我的意思是,我們有各種年薪 7 萬美元、8 萬美元的工作,大學培訓是沒有用的。
And I actually was not keen on going to college myself.
實際上,我自己並不熱衷於上大學。
Yeah, my dad kind of jollied me into it.
是的,我爸爸讓我這麼做的。
He could get me to do anything.
他能讓我做任何事。
But I knew I could have a good time.
但我知道我可以玩得很開心。
And I liked investing.
我喜歡投資。
And I didn't really feel I could read the books.
而且我也不覺得自己能讀懂這些書。
It's a big commitment to take four years and the cost involved, and maybe the loans involved and everything.
四年的時間是一個很大的承諾,其中涉及到費用,也許還涉及到貸款等一切。
I think depending on what your interests are in life, I don't think it's for everybody.
我認為這取決於你在生活中的興趣愛好,我不認為它適合每一個人。
I think it's for a lot of people.
我認為這適合很多人。
But there ought to be a reason you're going.
但你應該有去的理由。
And I didn't really see much reason.
我也覺得沒什麼理由。
If you get to be 65 or 70, and the people that you want to have love you actually do love you, you're a success.
如果你到了 65 歲或 70 歲,你希望愛你的人真的愛你,那你就是成功的。