不要在一个行业中只选最好的公司——有时候第二名的股价被低估得更厉害。

Don't just pick the best company in an industry — sometimes the number two is more undervalued.

我评估一门生意，先看它十年后还在不在、好不好。

When I assess a business, I first ask whether it'll still exist and thrive in ten years.

有时候最好的投资行动就是去拜访一次工厂——看看工人脸上有没有笑容。

Sometimes the best investment action is to visit a factory — and see if the workers have smiles on their faces.

在成长股投资中，买入的时机远没有你买的是什么以及你持有多久重要。好公司会帮你纠正买入价的小错误。

In growth stock investing, the timing of your purchase matters far less than what you buy and how long you hold it. A great company will correct small mistakes in your entry price.