投资的全部秘密只有两个词：低成本和长期持有。其他的都是噪音——而且是昂贵的噪音。

The entire secret of investing is just two words: low cost and long-term. Everything else is noise — expensive noise.

我寻找的是那些被严重错误定价的资产。

I look for assets that are severely mispriced.

买股票就是买一家真实企业的部分所有权，不是买一张屏幕上来回跳动的彩票。

Buying a stock is buying a piece of a business, not a lottery ticket.

市场先生每天都来报价，但他情绪极不稳定——你可以利用他，但不要被他指导。

Mr. Market is there to serve you, not to guide you.