证券的内在价值与市场价格无关，它是由公司的基本价值决定的。

The intrinsic value of a security has nothing to do with its market price; it is determined by the companys fundamental value.

投资成功的秘诀在于：当价格远低于内在价值时买入，其他时间什么都不做。

The secret to investment success is to buy when prices are far below intrinsic value and do nothing the rest of the time.

买企业的风险，不在于市场会不会跌，而在于你付的价是不是太高。

The risk in buying a business is not whether the market will fall, but whether you paid too much.

在买入之前，你应该已经想好在什么情况下会卖出。如果你不能在买之前写好'卖出条件'，那你就不应该买。

Before buying, you should already know when you'll sell. If you can't write down your 'sell conditions' before buying, you shouldn't be buying.