公司的债务水平是评估风险的重要因素。

A companys debt level is an important factor in assessing risk.

将投资视为一种概率游戏而非确定性游戏。你不需要每次都对，你只需要在概率站在你这边时下重注。

View investing as a game of probabilities, not certainties. You don't need to be right every time; you just need to bet heavily when the odds are in your favor.

投资者把大部分时间花在担心股价上，而不是去了解他买的那些公司到底在做什么。

Investors spend most of their time worrying about stock prices instead of trying to understand what the companies they own actually do.

在投资中，要为小概率大影响的事件做好准备。

In investing, be prepared for low-probability, high-impact events.