长期的稳定往往隐藏着巨大的风险。

Long-term stability often hides huge risks.

价值投资不是寻找'便宜货'的技术，而是一种全面的人生哲学——它教导你耐心、纪律和独立思考。

Value investing is not a technique for finding bargains — it's a comprehensive philosophy of life that teaches patience, discipline, and independent thinking.

股市下跌和经济衰退都会发生；若你不懂这点，就还没准备好在市场中获利。

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, and you won't do well in the markets.

所谓的最佳买入时机——就是所有人都在卖出而你可以用不到其价值一半的价格买到优质资产的时候。但你不知道那个时刻什么时候来所以你现在就要开始攒钱。

The best time to buy is when everyone is selling and you can get quality assets for less than half their value. But you don't know when that moment will come — so start saving now.