别人同意与否，与你是否正确毫无关系。重要的是你的推理和事实是否正确。

The fact that other people agree or disagree with you doesn't make you right or wrong. Only the facts and your reasoning do.

在桥水我们不做“这事不可能出错“的假设。我们做“如果它出错了我们会怎么发现它“的假设。

At Bridgewater we don't assume 'this can't go wrong.' We assume 'if it goes wrong, how will we find out?'

如果你想变得聪明，你需要的不是增加智商——而是系统地减少你做蠢事的频率。

If you want to be smart, what you need is not to increase your IQ — but to systematically reduce how often you do stupid things.

第二层次思维是优秀投资者的标志：第一层次看'这是好公司'，第二层次看'市场对这个好公司的定价是否已经过高'。

Second-level thinking is the hallmark of superior investors. First-level says 'this is a good company'; second-level says 'has the market already priced in that goodness?'