高风险高回报是个谎言——承担愚蠢的风险才会亏钱。

High risk, high return is a myth—only foolish risks result in losses.

投资者的首要目标应该是回避亏损。

The primary goal of every investor should be the avoidance of loss.

金融服务业每年从美国投资者口袋里拿走了大约5000亿美元——这不是服务的价格而是财富转移的规模。

The financial services industry takes roughly 500 billion dollars from American investors' pockets every year — that's not the price of service, that's the scale of wealth transfer.

不要把愿望与事实混淆。不要让偏见阻碍你保持客观。想要取得好结果，你需要冷静而不是情绪化。

Don't confuse what you wish were true with what is really true. Don't let biases prevent you from being objective. To get good results, you need to be rational rather than emotional.