不确定性越大，潜在的回报就越大——前提是你比其他人更早看清了不确定性的走向。

The greater the uncertainty, the greater the potential reward — but only if you see the direction of that uncertainty before others do.

市场短期是投票机，长期是称重机。

In the short run, the market is a voting machine but in the long run, it is a weighing machine.

不要追逐最热门的行业中最热门的股票。当一只股票连出租车司机都在推荐的时候，买点已经过去了。

Never invest in any idea you can't illustrate with a crayon. By the time you hear about the hottest stock from your barber, it's too late.

世界经济史是一部基于假象和谎言的连续剧。

The history of economic is a never-ending series of episodes based on falsehoods and lies.