1. Design for Success（成功的设计）

1. Design for Success (Design for Success)

2. 如果某人相信了空头市场即将来临而卖出手中不错的投资，那么这人会发现，通常卖出股票后，所谓的空头市场立即转为多头市场，于是又再次错失良机。

2. If someone believes that a bear market is approaching and sells their good investments, they will find that, usually after selling the stocks, the so-called bear market immediately turns into a bull market, and they miss the opportunity again.

3. 我工作时不思考其他任何东西。我并不试图超过七英尺高的栏杆：我到处找的是我能跨过的一英尺高的栏杆。

3. When I work, I don't think about anything else. I don't try to jump over a seven-foot-high railing; what I'm looking for are one-foot-high railings that I can cross.

4. 这集是教孩子学会做计划，想做小生意必须得先制定计划，并且要保证计划切实可行。

4. This episode teaches children how to plan. If they want to start a small business, they must first make a plan and ensure that the plan is practical and feasible.

5. 1929年夏天，股价疯涨的神话继续上演，美国诞生了无数个百万富翁。只要股市还在涨，股民就疯狂砸钱，他们大胆贷款，把贷来的钱投到股市中，虽然这种活期贷款利率高至8%到9%，只要有利可图，贪婪的股民就敢铤而走险，浑然不知股市崩溃近在咫尺。

5. In the summer of 1929, the myth of stock market frenzy continued to unfold, giving birth to countless millionaires in the United States. As long as the stock market kept rising, investors were疯狂地 investing money. They dared to take out loans, using the borrowed money to invest in the stock market. Although the interest rate on this short-term loan was as high as 8% to 9%, greedy investors were willing to take the risk as long as there was a potential profit, and they were oblivious to the fact that the stock market crash was just around the corner.

6. 不能承受股价下跌50%的人就不应该炒股。

6. People who cannot bear a 50% drop in stock prices should not invest in stocks.

7. 如果你在错误的路上、奔跑也没有用。

7. If you are on the wrong path, running is of no use.

8. 我所想要的并不是金钱。我觉得赚钱并看着它慢慢增多是一件很有趣的事情。

8. What I want is not money. I find it very interesting to earn money and watch it slowly accumulate.

9. 你可能在投资某个公司（如共享办公空间初创企业WeWork）后，它的业绩表现可能会持续下滑，甚至面临着极大的生存危机，或者可能会变得分文不值。

9. You may have invested in a company (such as the co-working space startup WeWork) whose performance may continue to decline, even facing an extreme survival crisis, or it may become completely worthless.

10. 这集介绍的是债务问题，告诉孩子做一个公司必须合理控制自己债务才行。

10. This episode introduces the issue of debt and teaches children that a company must control its debt reasonably.

11. Don't Just Say No!（别只说不）

11. Don't Just Say No! (Just Don't Say No)

12. 如果你在一生中偶然有了一个关于企业的好想法，你是幸运的。基本上可以说，可口可乐是世界上最好的大企业。它以一种极为适中的价格销售。它受到普遍的欢迎其消费量几乎每年在每一个国家中都有所增长。没有任何其他产品能像它那样。

12. If you happen to have a good idea about a business in your lifetime, you are lucky. It can be safely said that Coca-Cola is the world's best big company. It is sold at an extremely moderate price. It is universally welcomed, and its consumption is almost growing in every country every year. No other product can match it.

13. 金钱观是对金钱的根本看法和态度，是和人生观紧密相连的。

13. The concept of money refers to the fundamental views and attitudes towards money, which are closely linked to one's outlook on life.

14. 那些本来应该盈利的企业却并没有盈利，而那些善于包装自己的学历、曾经抽过大麻的千禧一代创业者，却能将其创业项目的盈利做到上百万美元。

14. Those businesses that should have been profitable were not, while the millennial entrepreneurs who excel at packaging their degrees and have previously smoked marijuana are able to achieve profits in the millions for their startup projects.

15. 房子的价值本该是给人住的，却变成了一种投资品，通过交易炒作来谋取暴利。长此以往，楼市价格越炒越高，泡沫不断通胀膨胀，这就好比股市，有人看到最早炒房的人赚到了钱，于是后面的人跟风不断高买高卖，人们疯狂地砸进巨额资金，到最后楼市泡沫托不住了（国外已有先例），裸泳的人没有及时退出，反而成了最后一个接盘侠，这是非常危险的。

15. The value of houses should be for people to live in, but it has become an investment product, seeking huge profits through trading and speculation. Over time, the prices in the real estate market have been driven higher and higher, with bubbles constantly inflating, just like the stock market. As some people see those who invested in real estate early on making money, others follow suit, continuously buying and selling at higher prices. People疯狂地 pour in huge amounts of capital. In the end, the bubble in the real estate market becomes unsustainable (there have been precedents overseas), and those who have not exited in time end up being the last ones to take the fall, which is very dangerous.

16. 每次崩盘之后，每个人的命运将被重新定义，有人成功躲过危机，有人万念俱灰，有人劫后重生。只愿我们在欲望面前，不要重蹈覆辙。

16. After each collapse, everyone's destiny will be redefined; some will successfully evade the crisis, some will be despondent, and some will be reborn from the ashes. It is only hoped that before the face of desire, we do not repeat the same mistakes.

17. 股市的交易都是基于观点分析的，人们在股市中可以购买或者销售其金融资产。如果你不懂得心理学、不了解自己的心理特征，那你在金钱方面就可能变得非常糟糕。于我而言，当我朝着长期目标奋斗，并且在借助于个人决策能力的基础上时，我的心理特征表现最佳。

17. All transactions in the stock market are based on analysis of opinions, and people can buy or sell their financial assets in the stock market. If you do not understand psychology and are not aware of your own psychological characteristics, you may become very poor in terms of money. For me, my psychological characteristics are at their best when I am striving towards long-term goals and when I am relying on my own decision-making abilities.

18. 上个月89岁的股神巴菲特举办了一场股东发布会，在发布会上，巴菲特公布了上半年他的盈利状况：

18. Last month, the 89-year-old stock market wizard Warren Buffett held a shareholders' meeting, at which he disclosed his profit situation for the first half of the year:

19. 投资，就是要把钱用起来。具体而言，你可以通过以下四种方式来把钱用起来：

19. Investment means putting money to use. Specifically, you can make use of money through the following four methods:

20. 在王健林卖掉了钢筋混凝土的肉身，留下了轻资产的灵魂之前，香港首富李嘉诚早有动作，2016年刚出售了上海浦东世纪汇广场之后，又迅速卖掉了香港中环中心。这位熬过两次石油危机、中东战争、亚洲金融风暴以及世界金融危机的香港富豪，有一个投资原则是“不赚最后一个铜板”。 对于楼市，这个精明的商人表示：如果地产价格太高，到老百姓买不起的地步就有风险了，我不会冒险去赚最后一个铜板。

20. Before Wang Jianlin sold off the concrete and steel body of his business and left only the light asset soul, Li Ka-shing, the richest man in Hong Kong, had already taken action. After selling the Shanghai Pudong Century Avenue Plaza in 2016, he quickly sold off the Central Hong Kong Center. This Hong Kong tycoon, who survived two oil crises, Middle East wars, the Asian financial crisis, and the global financial crisis, has an investment principle of "not making the last copper coin." Regarding the real estate market, this astute businessman said: "If real estate prices are too high and the common people can't afford them, there is a risk. I would not take the risk to make the last copper coin."

21. 在这个智能化越来越普及的年代，未来只有思维模式领先的人才有可能在竞争中取得长久的发展。

21. In this era of increasingly widespread intelligence, only those with leading thinking patterns are likely to achieve long-term development in competition.

22. 商品的价格是由对该商品的需求决定的，需求量越大，愿意支付的价格越高。

22. The price of a commodity is determined by the demand for that commodity; the greater the demand, the higher the price people are willing to pay.

23. 如果你有50美元的时候，都舍不得捐赠1美元的话，那等你资产上百万美元过后，你可能还是连1美元都舍不得捐赠。

23. If you can't spare even $1 when you have $50, then after you accumulate millions, you might still not be willing to donate even $1.

24. 心理学上有个典型的案例，比如最近你在市区买了一座别墅，你感觉非常开心，实际上这种开心不是房子带给你的，更多的是一种攀比心理，因为假如你周围的人住的都是公房，你已经住上别墅了。你会觉得高人一等，你当然开心。

24. There is a typical case in psychology, such as the recent purchase of a villa in the city area, which made you feel very happy. In fact, this happiness is not brought to you by the house, but more by a sense of comparison. Because if the people around you are all living in public housing, and you have already moved into a villa, you would feel superior, which of course makes you happy.

25. 如果我们最重要的路线是从北京去深圳，我们没有必要在南昌下车并进行附带的旅行。

25. If our most important route is from Beijing to Shenzhen, there is no need for us to get off at Nanchang and make an accompanying trip.

26. 许多人或者之所以会有压力，完全是因为个人对金钱进行了不当的社会比较，带给自己很多不必要的压力。不同的时间性和社会性比较，可以为你带来很多负面的感受。

26. Many people may experience pressure entirely because they engage in inappropriate social comparisons about money, which brings them a lot of unnecessary stress. Different temporal and social comparisons can bring you many negative feelings.

27. 你也许有能力赚上百万美元，但你也可以通过各种方式丢掉这笔钱，而且速度之快，可能超乎你的想象。

27. You may have the ability to earn millions of dollars, but you can also lose this money in various ways, and at a speed that might exceed your imagination.

28. 我看见这么跌，架不住心脏砰砰直跳，赶忙拾掇拾掇把手里的股票能卖就卖。

28. Seeing such a fall, my heart was pounding so hard that I hurriedly gathered my wits to sell the stocks in my hand if possible.

29. 那为什么孩子大了也是要读书给他听呢？因为还是会有很多生僻字需要读给孩子听的，大的孩子选择面会越来越窄，多读一些与他平时选择的书不一样的书，会开拓更多的知识面和思路。

29. Why do we still need to read books to older children? Because there will still be many obscure characters that need to be read to them. As children grow older, their choices will become narrower and narrower. Reading more books that are different from the ones they normally choose will broaden their knowledge and open up more avenues of thought.

30. 成功的生意离不开良好的沟通，最好的沟通方式就是提出问题并善于倾听。

30. A successful business cannot do without good communication, and the best way to communicate is to ask questions and be good at listening.

31. 不要以价格决定是否购买股票、而是要取决于这个企业的价值。

31. Do not decide whether to buy stocks based on the price, but rather on the value of the company itself.

32. 《战国策·触龙说赵太后》里，左师公触龙劝谏赵太后时，曾说“父母之爱子，则为之计深远”。 父母对孩子真正的爱，是为孩子的将来做长远的打算。所以每天给孩子读书吧，亲子共读，是你给孩子最好的一份礼物。

32. In the "Strategies of the Warring States" volume "Chu Long's Advice to Empress Dowager Zhao," when the Minister of Left, Chu Long, advised Empress Dowager Zhao, he once said, "If parents truly love their children, they will make plans for their children's future." The real love of parents for their children is to make long-term plans for their future. Therefore, read books to your children every day, and shared reading with your child is the best gift you can give to them.

33. 好的决策是需要时间的，它们是深思熟虑的结果，而不是一时的冲动。

33. Good decisions take time; they are the result of careful consideration, not a momentary impulse.

34. 关键词：supply and demand（需求与价格）

34. Keywords: supply and demand (demand and price)

35. 我们需要深深明白，即使有天，在自己拥有大量财富时，你无需过度沉迷于此，在面对他人的财富时，才不会让金钱成为自我痛苦的源泉。

35. We need to deeply understand that even when one possesses a large fortune, one should not become overly obsessed with it. Only then can money not become a source of self-inflicted suffering when facing others' wealth.

36. 永远不要问理发师你是否需要理发！

36. Never ask your barber if you need a haircut!

37. 问世间，谁不爱黄金？中国人说：“书中自有颜如玉，书中自有黄金屋”。然而有个国家却因黄金泛滥而陷入通胀，不是说黄金是对抗通胀的利器吗？

37. Ask the world, who doesn't love gold? The Chinese say, "There is jade as beautiful as the pages of books, and there is a golden house within the books." However, there is a country that has fallen into inflation due to an excess of gold. Wasn't gold supposed to be a weapon against inflation?

38. 股灾发生后的三年间，美国有5000家银行倒闭，至少13万家企业破产，汽车产值下降了95%。据统计，美国工业总产量和国民收入暴跌了将近一半，经济水平倒退了10年，失业率创记录，每4个人中就有1人失业，美国和全球进入了长达10年的经济大萧条。

38. In the three years following the stock market disaster, 5,000 banks in the United States went bankrupt, at least 130,000 companies went out of business, and the automotive industry's output fell by 95%. According to statistics, the total industrial output and national income in the United States plummeted by nearly half, pushing the economic level back by 10 years. The unemployment rate reached a record high, with one out of every four people unemployed. The United States and the world entered a long-lasting economic depression that lasted for a decade.

39. 这集告诉孩子朋友的重要性，要学会和别人合作共赢。

39. This episode teaches children the importance of friends and how to cooperate with others for mutual benefits.

40. 儿子将来要超过老爸了，我真有些热泪盈眶，这都是看了这部动画片的功劳！

40. I'm really getting teary-eyed at the thought that my son will surpass me in the future; all this is thanks to this animated movie!

41. 郁金香的热潮狂热到什么程度？无论是贵族、市民、农民，还是工匠、船夫，甚至是扫烟囱的工人，都加入了郁金香的投机运动中，欲望掩埋了人类对崩盘危机的恐惧。人们疯狂地将财产变成现金，只为买一株郁金香。为了方便交易，荷兰还设立了固定的交易市场。

41. To what extent was the tulip mania frenzy? Regardless of whether they were nobles, citizens, farmers, craftsmen, boatmen, or even chimney sweepers, everyone joined the tulip speculation movement. Desire buried the human fear of the bubble crisis. People went crazy in converting their properties into cash, just to buy a single tulip. To facilitate transactions, the Netherlands even established fixed trading markets.

42. 在我们的孩子还在看动画片时，早在他5岁的时候，巴菲特就开始有了成为富翁的梦想。巴菲特的成功并不是那么高深，他数年如一日只坚持同一件事，但是很少有人能够达到他的高度，因为他从还是个孩子的时候就培养了一个很好的习惯：通过大量阅读去汲取知识。在他11岁时读过《赚到1000美元的1000种方法》，他就立即去实践书中的方法，买了一个弹子机放在理发店，把收入分一半给理发店，他仅靠这个方法就挣到了1000美元！

42. When our children were still watching cartoon shows, Warren Buffett had already dreamed of becoming a billionaire by the time he was 5. Buffett's success is not so profound; he has consistently focused on the same thing for years. However, few people have reached his level, because he developed a good habit at a young age: acquiring knowledge through extensive reading. At the age of 11, after reading "1,000 Ways to Make $1,000," he immediately put the methods into practice. He bought a pinball machine for a barber shop, splitting the income with the barber shop, and earned $1,000 just through this method!

43. 因此，尽早习惯于将自身财富的一部分捐赠出去。给自己灌输这样的信念：我有钱，我已经有足够的金钱了。

43. Therefore, get accustomed to donating a portion of your wealth as early as possible. Instill in yourself the belief: I have money, I already have enough.

44. 他是一个天才、但他能够把某些东西解释得如此简易和清晰、以至起码在那一刻、你完全理解了他所说的。

44. He is a genius, but he can explain certain things in such an easy and clear manner that at least at that moment, you completely understand what he is saying.

45. 我不会以我挣来的钱衡量我的生命的价值。其他人也许会这么做，但我当然不会。

45. I will not measure the value of my life by the money I earn. Others might do that, but of course, I won't.

46. 因为我把自己当成是企业的经营者，所以我成为了更优秀的投资人；而因为我把自己当成是投资人，所以我成为了更优秀的企业经营者。

46. Because I consider myself an operator of the business, I have become a more excellent investor; and because I see myself as an investor, I have become a more excellent operator of the business.

47. “站在巴菲特身后的巨人”查理·芒格到底有什么厉害的呢？答案就在于他的思维模式。据说他总结了150个思维模型，也就是150个高深的概念，只要能够掌握这些概念，就能够了解这个世界上的最先进的思维模式。

47. What is so formidable about Charlie Munger, known as the "Giant Behind Buffett"? The answer lies in his way of thinking. It is said that he has summarized 150 thinking models, which are 150 profound concepts. By mastering these concepts, one can understand the most advanced thinking patterns in the world.

48. All Fall Up（绝不气馁）

48. All Fall Up (Never Give Up)

49. 因此，考虑把金钱捐赠出去，帮助那些困境中真正需要帮助的人。通过金钱买来的物品不会让你感到多么快乐，但把它们用于帮助他人，则可以让你从中找到重要意义。

49. Therefore, consider donating money to help those in real need who are struggling. The things bought with money may not bring you much happiness, but using them to help others can allow you to find significant meaning in doing so.

50. The Real Skinny（名不副实）

50. The Real Skinny (The Truth Behind the Hype)

51. 当我最初踏入股市过后，我很快就意识到，我希望短期获得回报的这种心理想法，完全是受各种诱因和新奇事物综合征所驱动的。

51. After I first stepped into the stock market, I quickly realized that my desire for short-term returns was entirely driven by various inducements and the syndrome of novelty.

52. 打个比方，你股市上有1万块钱，因为这个熔断，几天后就缩水成了9000，再几天后又缩水成了8000，又过了几天缩水成了7000……也就是说，你啥都不用做，短短一个礼拜时间，股票账户的钱就能亏空30%，这个跌幅真心让人受不了！

52. To put it in perspective, if you have 10,000 yuan in the stock market, due to this circuit breaker, it shrank to 9,000 within a few days, then to 8,000 a few days later, and then to 7,000 after a few more days... That is to say, without doing anything, in just a short week, the money in your stock account can be reduced by 30%, which is truly unbearable!

53. 有人会觉得孩子识字了，就不用读书给孩子听了，其实提升孩子阅读力，最重要的一点是，从小做好亲子共读，培养孩子的阅读习惯，培养孩子的终身学习习惯。 因为实现终生学习的最佳途径，就是阅读大量优秀的书籍。

53. Some people might think that once a child learns to read, there is no need to read to them anymore. However, the most important factor in improving a child's reading ability is to foster a habit of shared reading from a young age, to cultivate the child's reading habits, and to instill a lifelong habit of learning. Because the best way to achieve lifelong learning is to read a large number of excellent books.

54. 在上面那张神奇的表格里，这么多亿万人生的人生经历证明了，会阅读，会应用阅读的人更容易成功。今天会阅读的人，并不是像原来的只读八股文的“百无一用是书生”，而 这样的阅读力+执行力，是需要基于大量的积累基础上才能习得的 。 这积累，不光是阅读的数量，还有阅读力的积累。

54. In the magical table mentioned above, the life experiences of so many billions of people have proven that those who can read and apply reading are more likely to succeed. The people who can read today are not like the "useless scholars" of the past who only read classical texts. Such reading ability + execution ability needs to be acquired based on a large amount of accumulation. This accumulation is not only the quantity of reading but also the accumulation of reading ability.

55. 理想的情况，是以一种不受短期因素影响的方式来投资。

55. Ideally, investments should be made in a way that is not affected by short-term factors.

56. 要去他们要去的地方而不是他们现在所在的地方。

56. Go to where they want to go, not where they are now.

57. “黄金被人类从美洲、非洲或某处地底挖掘出来，拿去熔化处理，然后再挖个豪华的地宫把它们藏起来，派一堆人严加看守，美其名曰：金库。其实，这东西没有实用性，外星人看了恐怕都不知道人类在干嘛。”

57. "Gold is dug out from beneath the ground in the Americas, Africa, or someplace else, melted and processed, and then buried in an opulent mausoleum, guarded by a bunch of people, under the guise of a 'treasury.' In reality, this thing has no practical use, and extraterrestrials who saw it might not even know what humans are doing."

58. 习惯的链条在重到断裂之前，总是轻到难以察觉！

58. The chain of habits is always so light that it is hard to notice before it becomes too heavy to break!

59. 所以看孩子喜欢哪一个领域的，可以阅读这个领域的所有书籍。 大量的阅读能够给孩子构造一个属于他们自己的知识体系。

59. Therefore, if you see a child has a preference for a particular field, they can read all the books in that field. A large amount of reading can help construct a knowledge system that belongs to them.

60. 当世界提供这种机会时，聪明的人会敏锐的看到这种赌注。当他们有机会时，他们就投下大赌注，其余时间不下注。事情就这么简单。

60. When the world offers such opportunities, smart people will keenly perceive this bet. When they have the chance, they place big bets, and do not bet the rest of the time. It's that simple.

61. The Trouble With Credit Cards（信用卡）

61. The Problem with Credit Cards

62. 正确的金钱观，指导我们通过合乎道德与法律的正当途经挣钱，把钱用到有利于国家社会他人的地方，用到有利于全面发展自己、实现人生价值的地方。树立正确的金钱观，我们的灵魂更纯洁，道德更高尚，人生更有意义。

62. The correct concept of money guides us to earn money through legitimate and moral and legal means, to use the money in places that benefit the country, society, and others, and to use it in ways that promote our own comprehensive development and the realization of life's value. Establishing the correct concept of money makes our souls purer, our morality nobler, and our lives more meaningful.

63. 伴随着西班牙殖民者疯狂挖掘金矿，市场上流通的黄金越来越多。他们犯下的最大错误是没把这笔财富拿去发展经济，而是搞大军队规模。黄金越来越多，西班牙越抢越膨胀。半个世纪里，黄金横行，欧洲的物价涨了4倍还多。

63. As the Spanish colonizers frantically exploited gold mines, an increasing amount of gold flooded the market. Their biggest mistake was not using this wealth to develop the economy but instead to expand the size of their army. With more and more gold, Spain's ambitions grew ever bolder. Over a half-century, gold ran amok, and the prices in Europe soared by four times or more.

64. 一个杰出的企业可以预计到，将来可能会发生什么，但不一定知道何时会发生。重心需要放在什么上面，而不是何时上。如果对什么的判断是正确的，那么对何时大可不必过虑。

64. An outstanding enterprise can anticipate what might happen in the future, but it may not know when it will happen. The focus should be on what needs to be addressed, not on when. If the assessment of what is correct is accurate, then there is no need to overly worry about when.

65. 行情滚烫的比特币更像是一场投机运动，投机的泡沫引发了价值的通胀。人们投资比特币是为了炒高价格，在高点卖出大赚一笔。这种模式不创造财富，只是在转移财富。这好似郁金香泡沫的前兆。

65. The overheated Bitcoin market is more like a speculative mania, with speculative bubbles leading to inflation in value. People invest in Bitcoin to manipulate prices and make a big profit by selling at the peak. This model does not create wealth but merely transfers it. This resembles a harbinger of the Tulip Bubble.

66. 至于是在线上还是线下赚钱，我觉得并不重要。凡事都没有永久的一尘不变。就线上而言，如果你持续保持做出输出，长时间下来，赚钱的机会肯定会找上门来。所以，文学创作也是可以赚钱的。

66. As for whether it's online or offline that you make money, I think it's not important. Nothing remains the same forever. As for online, if you keep producing outputs consistently, over a long period of time, opportunities to make money will definitely come your way. Therefore, literary creation can also be a source of income.

67. 短期股市的预测是毒药，应该要把他们摆在最安全的地方，远离儿童以及那些在股市中的行为像小孩般幼稚的投资人。

67. Predicting the short-term stock market is poison; they should be placed in the safest place, far away from children and those investors whose behavior in the stock market is as childish as a child.

68. 我们要知道，一个诗人或许是贫穷的，但是他具有一种金钱买不到的敏感度，他比任何富有的人都来得富有；一个音乐家或许并不富有，但是就他的音乐而言，没有财富会比他的音乐来得更富有。

68. We must understand that a poet may be poor, but he possesses a sensitivity that money cannot buy, making him richer than anyone who is wealthy; a musician may not be rich, but when it comes to his music, no wealth is richer than his music.

69. It Takes Two（合作共赢）

Time Is Up（时间已尽） 69. It Takes Two（合作共赢） Time Is Up（时间已尽）

70. Lemons to Lemonade（汽水也怕胡同深）

70. Lemons to Lemonade (Even Soda Fears the Deep Alleys)

71. 这段时间我把自己关在屋里，好好反思失败的教训，那就是“财商不够”，如果小时候就培养财商的话，早点投资股票、房子、比特币啥的，或许早就能赚到人生第一桶金了！

71. During this period, I kept myself locked in my room, deeply reflecting on the lessons of failure, which is that "financial literacy is insufficient." If I had cultivated financial literacy since childhood, perhaps I could have invested in stocks, houses, Bitcoin, and the like earlier, and might have earned my first pile of money in life much sooner!

72. 但我根本没把这些话放在心里。最后也通过写作而赚到了30万美元，用事实证明了那些人的错误观念。

72. But I never took those words to heart. In the end, I also made $300,000 through writing, proving the erroneous notions of those people with facts.