一张漂亮的资产负债表不能弥补一张丑陋的损益表——因为前者迟早会被后者侵蚀。

A beautiful balance sheet cannot compensate for an ugly income statement — because the former will eventually be eroded by the latter.

经验告诉我，如果一笔交易一上来就亏钱，那么这笔交易多半不会好。

If a trade doesn't go right from the start, chances are it won't work at all.

如果你不把自己的想法写下来并在现实中检验，那你只是在和自己下棋——你永远都是赢家，但你永远也赢不了真正的比赛。

If you don't write down your ideas and test them against reality, you're just playing chess against yourself — you'll always win, but you'll never win the real game.

债务是世界上最强大的力量之一。聪明人用它来积累财富，愚蠢的人被它摧毁。

Debt is one of the most powerful forces in the world. Smart people use it to build wealth; foolish people are destroyed by it.