It is not the strongest of the species that survives,nor the most intelligent that survives.It is the one that is the most adaptable to change.”
Charles Darwin
看胡適自傳了解到他年輕時讀到到達爾文著作,接受并很認同試著生存這個觀點,把自己的名字也改為胡適,這里的適就是進化論里的適者生存中的那個適字
Buffett on Valuation
套利的四個評估標準
(1) How likely is it that the promised event will indeed occur?
(2) How long will your money be tied up?
(3) What chance is there that something still better will transpire -- a competing takeover bid, for example?
(4) What will happen if the event does not take place because of anti-trust action, financing glitches, etc?
