你投资的是企业的未来收益，而不是市场的情绪波动。

Stock returns are driven by investment return — dividend yield and earnings growth — and speculative return.

趋势是你的朋友，直到它拐弯的那一秒钟。追随趋势赚钱容易，难的是在趋势结束前离场。

The trend is your friend until the end when it bends. Making money by following the trend is easy; the hard part is getting out before it reverses.

如果你整天盯着市场报价，你几乎一定会做出糟糕的决策。短期的噪音会淹没有价值的长期信号。

If you watch the market tick by tick, you are almost guaranteed to make bad decisions. Short-term noise drowns out valuable long-term signals.

不要试图猜测市场将要做什么，而是等待市场告诉你。

Do not try to guess what the market will do; wait for the market to tell you.