股价短期是投票机，长期是称重机。短期内市场受人气和情绪影响，但最终企业的真实价值会决定股价的走向。

In the short run, the market is a voting machine. In the long run, it's a weighing machine. Short-term, the market is driven by popularity and emotion, but eventually the true value of the business determines the stock price.

价值投资不能保证我们盈利，但是价值投资给我们提供了走向真正成功的唯一机会。

Value investing doesn't guarantee profits, but it offers the only chance to truly succeed.

把自己想象成一台机器中的一部分，从更高的层面俯视自己——你既是操作机器的人，也是机器本身。

Think of yourself as a machine operating within a machine and know that you have the ability to alter your machines to produce better outcomes. You are both the operator and the machine itself.

我们所有明智的决策，都是在等待中做出的。

All of our wise decisions were made while waiting.