市场波动不是你的敌人，而是你的朋友——前提是你能控制自己不在情绪低落时割肉。

Look at market fluctuations as your friend rather than your enemy.

将投资视为一种概率游戏而非确定性游戏。你不需要每次都对，你只需要在概率站在你这边时下重注。

View investing as a game of probabilities, not certainties. You don't need to be right every time; you just need to bet heavily when the odds are in your favor.

把系统当作机器来理解，找出其中的因果关系，然后你就可以预测它未来的行为。

Think of the economy as a machine, understand the cause-effect relationships, and you can predict what it will do.

股市是一个将金钱从不耐烦的人手中转移到耐心的人手中的装置。

The stock market is a device for transferring money from the impatient to the patient.