我从不固守任何一笔交易，如果市场证明我错了，我会立即退出。

I never cling to any trade; if the market proves me wrong, I exit immediately.

股市的主要目的，就是让尽可能多的人变成傻瓜。

The main purpose of the stock market is to make fools of as many men as possible.

投资中最被低估的品质是'强烈的风险厌恶'——看起来像胆小，实际上正是这种'胆小'保护了你。

The most underrated quality in investing is strong risk aversion — it looks like cowardice, but that very 'cowardice' is what protects you.

等待是投资中最难的部分——你必须愿意什么都不做。

Waiting is the hardest part of investing — you have to be willing to do nothing.