华尔街有一条铁律：如果每个人都喜欢某样东西，那么你最好避开它。大众的一致看好往往是泡沫的信号。

The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism.

好的投资往往来自于逆向思考。

Good investments often come from reverse thinking.

在投资中，做到不差并不难，真正的挑战是做到卓越——而卓越需要的是第二层次思维。

In investing, achieving average results is not difficult. The challenge is achieving superior results — and that requires second-level thinking.

别人处理他们的事务越不谨慎，我们处理自己的事务就必须越谨慎。

The less prudence with which others conduct their affairs, the greater prudence with which we should conduct our own affairs.