远比试图预测市场时机更有效的方法是，找到被低估的好公司。

Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.

不要把未来简单地从过去推断，因为情况会变化。

Do not extrapolate the future simply from the past because situations change.

防御型投资者的投资组合应该包括高质量的债券和多样化的大型蓝筹股。

A defensive investors portfolio should include high-quality bonds and diversified large-cap blue-chip stocks.

情况越糟糕，扭转局面所需的努力就越少，上行空间就越大。