投资的最高境界，就是不做蠢事。

The highest form of investment is to avoid doing stupid things.

从错误中学习比从成功中学习重要得多。成功可能只是运气，但错误往往指向了系统的缺陷。

Learning from mistakes is far more important than learning from successes. Success may just be luck, but mistakes usually point to systemic flaws.

在投资中，你需要知道什么时候应该坚持，什么时候应该放弃。

In investing, you need to know when to persist and when to give up.

平常心看待涨跌，涨不喜跌不悲，回到生意本身。

View rises and falls with an ordinary mind—no joy in ups, no sorrow in downs—and return to the business itself.