华尔街没有新事物。因为投机像山丘一样古老。

There is nothing new in Wall Street. There can't be because speculation is as old as the hills.

你从投资中得到的回报是市场回报减去你支付的成本——但这个减法从来不是你想象的那个数字。

Your return from investing is the market return minus the costs you pay — but that subtraction is never the number you imagine.

我们愿意显得无聊，因为热闹的地方往往最贵。

We're willing to look boring, because the lively places are usually the most expensive.

在投资中，过度反应是人性的一部分。

In investing, overreaction is part of human nature.