在投资中，最重要的是不要亏钱。

In investing, the most important thing is not to lose money.

复杂系统往往比简单系统更脆弱。

Complex systems are often more fragile than simple systems.

持有大量现金不是保守，而是为机会做好准备。当别人被迫卖出时，手里有现金的人就成了拍卖会上唯一的出价者。

Holding cash in the absence of opportunity is a sound strategy. Cash gives you the ability to buy when others are forced to sell.

投资操作是基于全面的分析，旨在确保本金安全和满意回报。不满足这些要求的操作就是投机。

Investment operation is one that promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative.