投资的本质不是预测未来，而是为不确定的未来做准备。

Investing is the discipline of relative selection. It is about the process of identifying undervalued securities, not forecasting the future.

投资者应该避免追逐过去业绩最好的基金。

Investors should avoid chasing funds with the best past performance.

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.

不要追逐最热门的行业中最热门的股票。当一只股票连出租车司机都在推荐的时候，买点已经过去了。

Never invest in any idea you can't illustrate with a crayon. By the time you hear about the hottest stock from your barber, it's too late.