理解风险是投资成功的关键，而不是追求回报。

Understanding risk is the key to investment success, not pursuing returns.

当你对一笔交易有疑虑时，那往往是最危险的交易。

When you have doubts about a trade, that is often the most dangerous trade.

在桥水我们不做“这事不可能出错“的假设。我们做“如果它出错了我们会怎么发现它“的假设。

At Bridgewater we don't assume 'this can't go wrong.' We assume 'if it goes wrong, how will we find out?'

当好得难以置信的时候，通常就是不可信的。

When something is too good to be true, it probably is.