投资于不确定性是最大的错误。

Investing in uncertainty is the biggest mistake.

在股票市场上，最重要的不是你赚了多少，而是你活了下来。

In the stock market, the most important thing is not how much you made, but that you survived.

在小概率事件上下小注，在大概率事件上下大注往往是错误的。

It is often wrong to bet small on low-probability events and big on high-probability events.

不要用借来的钱投资。杠杆是唯一能让一个正确的判断变成一个灾难的东西——因为它会在你坚持到黎明之前就让你死在黑暗里。

Never invest with borrowed money. Leverage is the only thing that can turn a correct judgment into a disaster — because it can kill you in the dark before you make it to dawn.