在市场上最重要的不是你的看法对不对，而是你的看法对的时候你赚了多少。

In the market, the most important thing is not whether your view is right, but how much you make when you are right.

我的投资生涯可以用一个词概括：生存。如果你能活下来剩下的自然会好起来。

My entire investment career can be summarized in one word: survival. If you can survive, the rest will take care of itself.

交易的艺术在于知道什么时候加仓，什么时候减仓。

The art of trading is knowing when to add to positions and when to reduce them.

现金是一张没有到期日的看涨期权。

Cash is a call option with no expiration date.