不投资和投资错误一样都是投资决策。什么都不做——当你找不到好机会时——就是正确的决策。

Not investing is as much an investment decision as investing. Doing nothing — when you cannot find good opportunities — is the right decision.

我们不需要比最聪明的人更聪明，只需要比大多数人更有纪律。

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.

投资者最常犯的错误是让情绪影响买卖决策。

The most common mistake investors make is letting emotions influence their buy and sell decisions.