任何比你聪明的想法都应该引起你的极度警惕——尤其是当这个想法是从你自己的脑子里蹦出来的时候。

Any idea that seems smarter than you should make you deeply suspicious — especially when it came from your own head.

华尔街靠交易赚钱，你会因为少交易而赚钱。

Wall Street makes its money on activity. You make your money on inactivity.

构建投资组合的目标不是创造最高回报，而是让你在最艰难的环境中也能活下来，然后自然地增长。

The goal of a portfolio is not to create the highest return, but to survive the toughest environments so you can grow naturally.

在近百年的生命里，我从来没见过谁靠嫉妒自己的人生变好。

In nearly a century of life, I have never seen anyone improve their life by envying others.