从长期的角度看，市场是绝顶聪明的！其实很多'购买并持有'的人们实际上就是投机分子。

From a long-term perspective, the market is incredibly smart! In fact, many people who claim to be 'buy and hold' investors are actually speculators.

当市场陷入恐慌时，最被嫌弃的角落往往蕴藏着最丰富的宝藏。众人都避之不及的地方，才是价值投资者应该去的地方。

When markets panic, the most despised corners often hold the richest treasures. The places everyone is running away from are precisely where value investors should go.

我从不试图通过预测股市赚钱。我买入的前提假设是：明天交易所关门，五年内都不再开门。

股票价格比价值波动更大。