我寻找的是极端的失衡，而不是小幅的偏差。

I look for extreme disequilibrium, not small deviations.

情况越糟糕，扭转局面所需的努力就越少，上行空间就越大。

基金行业的营销部门往往比投资部门更强大。

The mutual fund industry marketing department is often more powerful than the investment department.

远比试图预测市场时机更有效的方法是，找到被低估的好公司。

Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.