#芒格金句#
The rise and fall of enterprises also respect the laws of nature and do not stem from their own weaknesses or competition. The old become exaggerated and weak, the external environment is changing rapidly, and the combination of these two forces has caused many centuries of companies to fall.
企业的兴衰也尊崇自然法则，而并不源自于自身弱点或竞争。旧的变得浮夸和虚弱，外部环境瞬息万变，以及这两股力量的结合让很多百年企业倒下。
#财经评论# #投资#
The rise and fall of enterprises also respect the laws of nature and do not stem from their own weaknesses or competition. The old become exaggerated and weak, the external environment is changing rapidly, and the combination of these two forces has caused many centuries of companies to fall.
企业的兴衰也尊崇自然法则，而并不源自于自身弱点或竞争。旧的变得浮夸和虚弱，外部环境瞬息万变，以及这两股力量的结合让很多百年企业倒下。
#财经评论# #投资#
