The very lack of a recovery period is dramatically holding back our collective ability to be resilient and successful.
正是由于缺乏恢复期，极大地阻碍了我们整体复原和成功的能力。
2
That's one reason Buffett's favorite holdingperiod for investments in "outstanding businesses with outstanding managements" is "forever."
这正是为什么巴菲特愿意持有具有一流业务一流管理的超级明星股的时间是“永远”的原因之一。
3
Even though most are judged by performance over three-year horizons, their average holdingperiod was about 17 months, and 19% of the managers held the typical stock for one year or less.