But nothing about 2008 has shaken my conviction that investors must take intelligent risks in order to be rewarded, and that long term, stocks represent the best investment alternative.
Munger: Every investment manager that I know of who I regard as intelligent and successful—they all got creamed last year.
芒格：我觉得聪明而成功的每一个经理去年都取得了好成绩。
3
To further increase investment in R & D and intelligent sensing, wireless communication, data processing, intelligent analysis is the key technology of Internet of things;