市场先生是你的仆人，不是你的向导。

Mr. Market is your servant, not your guide.

如果投机者最终都赚不到钱，那投机本身就不会存在了。但事实是所有人都相信自己会是例外。

If all speculators lost money, speculation would disappear. But everyone thinks they will be the exception.

投资中最危险的一句话就是'这次不一样'——这四个字摧毁的财富比任何市场崩盘都多。

The most dangerous words in investing are 'this time is different.' These four words have destroyed more wealth than any market crash.

市场一片恐慌时，机会往往也在那里；但前提是你要先看懂它为什么跌。

When the market panics, opportunity is often there too—but only if you first understand why it fell.