买股票就像买下一个农场，你关心的是它每年产多少粮。

Buying a stock is like buying a farm; what you care about is how much grain it yields each year.

从长期的角度看，市场是绝顶聪明的！其实很多'购买并持有'的人们实际上就是投机分子。

From a long-term perspective, the market is incredibly smart! In fact, many people who claim to be 'buy and hold' investors are actually speculators.

所有明智的投资都是价值投资。

All intelligent investing is value investing.

低估不等于可以买，低估的好公司才值得出手。

Undervalued doesn't mean buyable; only an undervalued good company is worth acting on.