我买过一百多只股票其中大约十只是真正赚大钱的——这十个大赢家覆盖了其他九十个的亏损还有大量盈余。

I've bought over a hundred stocks in my career. About ten of them made the real money — and those ten winners covered the losses of the other ninety with plenty left over.

在长期投资中，成本比时机更重要。

In long-term investing, cost is more important than timing.

卓越的投资不是来自买入好东西，而是来自买得好。

Superior investing is not about buying good things, but buying things well.

买企业的风险，不在于市场会不会跌，而在于你付的价是不是太高。

The risk in buying a business is not whether the market will fall, but whether you paid too much.