整个基金行业的结构性问题在于：基金经理通过管理别人的钱变得富有，而投资者承担了全部的风险和大部分的费用。

The structural problem of the entire fund industry is this: fund managers get rich by managing other people's money, while investors bear all the risk and most of the costs.

看不懂的商业模式，再热闹我也不碰。

No matter how hyped, I won't touch a business model I don't understand.

在市场上最重要的不是你的看法对不对，而是你的看法对的时候你赚了多少。

In the market, the most important thing is not whether your view is right, but how much you make when you are right.

如果我知道自己会死在哪里，我就永远不去那儿。

All I want to know is where I'm going to die, so I'll never go there.