华尔街有一条铁律：如果每个人都喜欢某样东西，那么你最好避开它。大众的一致看好往往是泡沫的信号。

The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism.

最成功的投资往往是在别人都不看好的时候做出的。

The most successful investments are often made when no one else is optimistic.

一旦我们意识到认知的不完美是人类处境的组成部分，犯错就不再那么羞耻，不改正错误才是。

Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.

我一直在寻找某样东西的定价里有没有隐含一个逻辑上的不可能——如果有那我就找到了交易。

I'm always looking for whether the pricing of something contains a logical impossibility — if it does, I've found my trade.