银行是危险的生意——他们用别人的钱做赌注。

Banking is a dangerous business; they gamble with other people's money.

判断对错并不重要重要在于正确时获取多大利润错误时亏损了多少。

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.

过去的投资记录，无论多么辉煌，都不能保证未来的表现。尤其是在市场风格切换时，历史收益往往是最危险的陷阱。

The fact that a security has risen in price or has paid a large dividend is not evidence of its investment merit.

在投资中，要学会在不确定中寻找机会。

In investing, learn to find opportunities in uncertainty.