我之所以富有，只因为我知道自己什么时候会犯错。

I am rich only because I know when I am wrong.

投资操作，是经过透彻分析后，承诺本金安全并提供满意回报的行为。不满足这些要求的操作，就是投机。

我刚入行时听到的第一句话就是：牛市赚钱，熊市赚钱，只有猪被宰。我告诉你，我就是一头猪。我坚信，获得长期超额回报的唯一方式就是做一头猪。

The first thing I heard when I got in the business — not from my mentor — was, 'Bulls make money, bears make money, and pigs get slaughtered.' I'm here to tell you I was a pig. And I strongly believe the only way to make long-term returns in our business that are superior is by being a pig.

投资者最大的敌人不是无知——无知可以通过学习消除。最大的敌人是以为自己知道但实际上不知道的幻觉。

The investor's greatest enemy is not ignorance — ignorance can be eliminated through learning. The greatest enemy is the illusion of knowledge when you actually don't know.