在周期的顶部，最容易做的事情往往最危险；在周期的底部，最不敢做的事情往往最有利可图。敢于逆势需要极大的勇气。

At the top of a cycle, the easiest things to do are the most dangerous. At the bottom, the hardest things to do are the most profitable. Contrarian courage is rare and valuable.

靠水晶球谋生的人，注定要吃碎玻璃。

He who lives by the crystal ball is destined to eat ground glass.

价值投资者不应该试图预测市场时机。

Value investors should not try to predict market timing.

在股市中，重要的不是你知道什么，而是你知道的东西中有多少是正确的。

In the stock market, it's not what you know that matters — it's how much of what you know is actually right.