成功的关键是能够在正确的时候下大注。

The key to success is being able to place big bets when you are right.

风吹灭蜡烛，却助长火焰。反脆弱性利用冲击和不确定性。

Wind extinguishes a candle and energizes fire. You want to be the fire and wish for the wind.

成本是共同基金表现最确定的预测指标——你付出的越多，留下的越少。

Cost is the surest predictor of mutual fund performance. The more you pay, the less you keep.

可信度加权的决策方式比一人一票制有效得多。在桥水，观点越经过验证的人，在决策中的权重要越大。

Credibility-weighted decision-making is far more effective than one-person-one-vote. At Bridgewater, the more tested an opinion, the more weight it carries.