时间是你的朋友，冲动是你的敌人。

Time is your friend; impulse is your enemy.

如果你不愿意持有一只股票十年，那就连十分钟也不要持有。

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.

你从投资中得到的回报是市场回报减去你支付的成本——但这个减法从来不是你想象的那个数字。

Your return from investing is the market return minus the costs you pay — but that subtraction is never the number you imagine.

我从不因为一家公司规模小就轻视它——事实上我最赚钱的投资大多数都是在它还很小的时候就开始的。

I never dismiss a company just because it's small — in fact, most of my most profitable investments started when the company was still tiny.