公司年报的内容通常枯燥乏味，但Berkshire Hathaway的年报却堪比收藏品，而这得归功于巴菲特精练的文章(并由财富杂志的著名记者Carol Loomis为其润饰)。
Annual reports are normally dull stuff, but Berkshire Hathaway's publishings are collectors 'items, thanks to Mr Buffett's pithy prose (polished by Carol Loomis, a renowned Fortune journalist).
二十年前人们还认为不存在房产财富效应，后来虽然有研究发现了房产价值变动对消费支出的影响，但比股价变动而产生的影响要小得多。
Two decades ago, it was considered to be non-existent. Then studies found that changes in property values did affect spending, but by less than changes in share prices did.
但实际上这个国家已经是世界上第三大经济体，人们有着比以往任何时候更多的自由和财富。
But in fact, this country is already crowned as the third largest economy in the world. And people are enjoying more freedom and wealth than any time ever before.
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