证券的内在价值与市场价格无关，它是由公司的基本价值决定的。

The intrinsic value of a security has nothing to do with its market price; it is determined by the companys fundamental value.

40 年前我列了一张清单，写着让一个人变富的所有方法。

Forty years ago, I listed all the ways a person could become wealthy.

我买过一百多只股票其中大约十只是真正赚大钱的——这十个大赢家覆盖了其他九十个的亏损还有大量盈余。

I've bought over a hundred stocks in my career. About ten of them made the real money — and those ten winners covered the losses of the other ninety with plenty left over.

安全边际是投资的基石。

The margin of safety is the cornerstone of investment.