如果你和一个人共事三年从来没有激烈争吵过——你们中至少有一个人是在假装同意。

If you've worked with someone for three years and never had a heated argument — at least one of you is pretending to agree.

指数基金是投资民主化的最大成就。

Index funds are the greatest achievement of investment democratization.

当市场陷入恐慌时，最被嫌弃的角落往往蕴藏着最丰富的宝藏。众人都避之不及的地方，才是价值投资者应该去的地方。

When markets panic, the most despised corners often hold the richest treasures. The places everyone is running away from are precisely where value investors should go.

在投资中，简单的解决方案往往比复杂的更好。

In investing, simple solutions are often better than complex ones.