如果你正确的预判了未来，那么下注。

If you believe in your view of the future, then bet on it.

流动性不是免费的——当你想卖的时候，别人也想卖。

Liquidity is not free. When you want to sell, everyone else wants to sell too.

我职业生涯中见过的最严重的投资损失——不是来自买入了错误的资产而是来自在正确的资产上用了过高的杠杆然后被迫在错误的时间卖出。

The worst investment losses I've seen in my career didn't come from buying the wrong asset — they came from using too much leverage on the right asset and being forced to sell at the wrong time.

重要的不是你判断对的频率有多高，而是你对的时候赚了多少，错的时候亏了多少。

It is not whether you are right or wrong but how much money you make when you are right and how much you lose when you are wrong.