投资操作是以详尽分析为基础，确保本金安全并获得满意回报的行为；不符合这些要求的操作就是投机。

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.

选择一个低成本指数基金，然后坚持到底。

Choose a low-cost index fund and stick with it.

在投资中，你得到了你没有付出的东西——这就是复利的魔力。但你也付出了你没有得到的东西——这就是成本的地狱。

In investing, you get what you don't pay for — that's the magic of compounding. But you also pay for what you don't get — that's the hell of costs.

在短期，股市是一个投票机；在长期，它是一个称重机。

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