投资者因为准备回调或预测回调而损失的钱，远比回调本身造成的损失多得多。

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

选择比努力更重要，格局决定结局。

如果你持有一只股票五年，你就不需要担心短期的市场波动。

If you hold a stock for five years, you do not need to worry about short-term market fluctuations.

短期债务周期通常持续5到8年，长期债务周期则持续50到75年。大多数人只经历过一个长周期的一半。

Short-term debt cycles typically last 5-8 years, while long-term debt cycles last 50-75 years. Most people have only lived through half of one long cycle.