由于债务危机相关的内容涉及面广，内容复杂，不太可能一篇文章能说明白，所以开一个合集，为大家循序渐进的讲解债务危机。本文是该合集的第一部分，具体解释为什么想写债务危机相关内容，理解债务危机需要的一些前置知识，解释货币与银行的关系并着重讲解货币是如何传导的。

A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.

Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.

本文是阅读《程序员修炼之道》后的一些感想和摘抄，个人觉得其中很多内容非常不错，所以分享出来，期望能和大家共同学习，努力成为一名务实的程序员。作为务实的程序员，你是编程技艺的行家。倾听需求，提供建议；传达信息，做决策。捕捉难以捉摸的需求，找到表达方式，让计算机轻松应对。记录工作，让他人理解；工程化，促进发展。努力在项目中创造奇迹。

沃尔特·施洛斯是谁？

沃尔特·施洛斯（Walter Schloss）是知名的美国投资者，被誉为价值投资领域的传奇人物之一。他于1916年生于纽约市，2012年去世。

Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.

无论我们拥有何种所有权形式，我们的目标都是在具有持久经济优势和一流CEO的企业中进行有意义的投资。请特别注意，我们持有股票是基于我们对它们长期业务表现的预期，而不是因为我们认为它们是适合及时市场行动的工具。这一点非常关键：查理和我不是股票择时者，我们是企业择时者。