安全边际是价值投资的核心原则。

Margin of safety is the central principle of value investing.

价值投资的回报来自于价格向价值的回归。

Value investing returns come from price converging to value.

在投资的游戏中，成本是确定的，回报是不确定的。

In the investment game, costs are certain, returns are uncertain.

市场先生是一位情绪化的伙伴时而狂热时而沮丧。

Mr. Market is an emotional fellow, sometimes euphoric, sometimes depressed.