如果买入普通股时做足了功课，那么卖出它的时机几乎永远不会到来。

If the job has been correctly done when a common stock is purchased, the time to sell it is almost never.

你从投资中得到的回报是市场回报减去你支付的成本——但这个减法从来不是你想象的那个数字。

Your return from investing is the market return minus the costs you pay — but that subtraction is never the number you imagine.

市场短期是投票机，长期是称重机。

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

永远不要因为价格跌了就卖出好公司。

Never sell a great company just because its price has fallen.