不借钱投资，是底线。

Not borrowing money to invest is the bottom line.

我们不想和公司的管理层交谈。我们只看财务数据。和管理层交谈可能会让你受到他们的影响——他们都是很好的人，他们知道怎么卖他们的故事。

We don't like to talk to management. We look at the figures. Talking to management might influence you. They're nice people and they know how to sell their story.

价值投资者的第一目标是保证资金安全。

The primary goal of a value investor is to preserve capital.

我从不试图通过预测股市赚钱。我买入的前提假设是：明天交易所关门，五年内都不再开门。