不要把未来简单地从过去推断，因为情况会变化。

Do not extrapolate the future simply from the past because situations change.

历史总是在押韵——每一件正在发生的事，都曾在历史上以稍微不同的方式发生过。

History does not repeat itself but it rhymes.

一旦我们意识到我们的理解具有固有的不完美性，我们就拥有了真正有用的知识。

Once we realize that our understanding is inherently imperfect we have true knowledge.

人群集体癫狂抢购时，往往是理性投资者该安静离场的时候；人群绝望抛售时，反而是该出手捡便宜的时机。

When the crowd is maniaically buying is often when the rational investor should quietly step aside; when they despair and sell is when bargains appear.