投资于高质量公司的债券是保守投资策略的核心。

Investing in high-quality corporate bonds is the core of a conservative investment strategy.

我买过一百多只股票其中大约十只是真正赚大钱的——这十个大赢家覆盖了其他九十个的亏损还有大量盈余。

I've bought over a hundred stocks in my career. About ten of them made the real money — and those ten winners covered the losses of the other ninety with plenty left over.

如果你买了一个价值低估的股票，你就要等到价格达到你算出来的内在价值时卖掉，这是很难算的。但是如果你买了一个伟大的公司，你就坐那儿待着就行了。

If you buy an undervalued stock, you have to sell when the price reaches the intrinsic value you calculated, which is very hard to calculate. But if you buy a great company, you just sit there.

在投资的游戏中，成本是确定的，回报是不确定的。

In the investment game, costs are certain, returns are uncertain.