赚大钱不在于单个股票的波动，而在于对大势的判断。

The big money is not in the individual fluctuations but in the main movements.

永远不要混淆运气和技能。在牛市中，每只猴子都是股神。只有潮水退去，才能分辨谁穿了泳裤。

Never confuse luck with skill. In a bull market, every monkey is a stock market genius. Only when the tide goes out do you discover who's been swimming naked.

不要追逐最热门的行业中最热门的股票。当一只股票连出租车司机都在推荐的时候，买点已经过去了。

Never invest in any idea you can't illustrate with a crayon. By the time you hear about the hottest stock from your barber, it's too late.

把系统当作机器来理解，找出其中的因果关系，然后你就可以预测它未来的行为。

Think of the economy as a machine, understand the cause-effect relationships, and you can predict what it will do.