避免愚蠢比追求聪明更重要。

It is more important to avoid stupidity than to seek brilliance.

你不必在每场游戏中都参与。事实上，只参与那些你明显有优势的游戏，是长期获胜的唯一途径。

You don't have to play every game. In fact, only playing the games where you have a clear edge is the only path to long-term victory.

利润总是能自己照顾自己，而亏损永远不会自动了结。

Profits always take care of themselves but losses never do.

我对市场的判断也可能是错的。正因为如此，我永远保留足够的弹药来应对判断错误的情况。

My judgment about the market could also be wrong. That is why I always keep enough ammunition to deal with situations where my judgment is incorrect.