价值投资者不应该试图预测市场时机。

Value investors should not try to predict market timing.

人群集体癫狂抢购时，往往是理性投资者该安静离场的时候；人群绝望抛售时，反而是该出手捡便宜的时机。

When the crowd is maniaically buying is often when the rational investor should quietly step aside; when they despair and sell is when bargains appear.

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.

在市场确认趋势之前，不要急于行动。

Before the market confirms the trend, do not rush to act.