如果你不把自己的想法写下来并在现实中检验，那你只是在和自己下棋——你永远都是赢家，但你永远也赢不了真正的比赛。

If you don't write down your ideas and test them against reality, you're just playing chess against yourself — you'll always win, but you'll never win the real game.

安全边际是投资这座大厦的基石。

Margin of safety is the central concept of investment.

今天的一笔费用看起来不多，但经过30年的复利，它会吃掉你三分之一以上的最终财富。

A fee may look small today, but compounded over 30 years, it will eat up over a third of your final wealth.

我认为过度分析 paralysis 是另一端的问题，就像分析不足一样危险。

I think analysis paralysis is a problem at the other extreme, as dangerous as underanalysis.