寻找那些拥有'无形竞争优势'的公司——这种优势无法被竞争对手通过砸钱快速复制。

Look for companies with intangible competitive advantages — advantages that can't be quickly replicated by competitors just by throwing money at them.

投资中最大的敌人是时间带来的浮躁。你越着急，就越容易做出糟糕的决定，然后因为糟糕的决定更加着急。

The biggest enemy of any investor is the impulse to do something.

投资不需要文化，也不需要情商。投资其实很像种地。

Investing doesn't require culture, nor does it require emotional intelligence. Investing is actually a lot like farming.

市场短期是一台投票机，但长期是一台称重机。

In the short run, the market is a voting machine but in the long run, it is a weighing machine.