投资的本质不是预测未来，而是为不确定的未来做准备。

Investing is the discipline of relative selection. It is about the process of identifying undervalued securities, not forecasting the future.

投资中最危险的一句话就是'这次不一样'——这四个字摧毁的财富比任何市场崩盘都多。

The most dangerous words in investing are 'this time is different.' These four words have destroyed more wealth than any market crash.

公司的债务水平是评估风险的重要因素。

A companys debt level is an important factor in assessing risk.

除非你真的了解自己在干什么否则什么也别做。

Unless you really understand what you're doing, don't do anything.