在投资中，简单的方法往往比复杂的方法更有效。

In investing, simple methods are often more effective than complex ones.

我们喜欢那些能产生大量现金、却不需要把大部分现金再投回去维持增长的企业。

We like businesses that earn a lot of money, and don't have to reinvest a lot of it to keep growing.

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.

财报是投资世界里的侦探小说，数字背后藏着一个关于公司真实状况的故事。

The balance sheet is like a novel. It tells you a story.