投资你所了解的。

Invest in what you know.

我这辈子没见过一个不读书的智者。一个都没有。巴菲特读的书之多，我读的书之多，都会让你吃惊。

In my whole life I have known no wise people who didnt read all the time — none zero.

投资中最重要的事是确定能力圈的边界在哪里，而不是能力圈有多大。

What counts for most people in investing is not how much they know, but how realistically they define what they dont know.

你不必在每场游戏中都参与。事实上，只参与那些你明显有优势的游戏，是长期获胜的唯一途径。

You don't have to play every game. In fact, only playing the games where you have a clear edge is the only path to long-term victory.