分散持有大量便宜股票，是对自己无知的最好保护。

We diversify because we are not smart enough to know which one will work.

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.

赚钱，要依靠正常价值的商品出现折扣以及押注意外事件。

Make money by discounting the obvious and betting on the unexpected.

最聪明的投资方式，是坚持投资于那些收益可预测、管理层诚实、且价格合理的伟大公司。

The intelligent investor is one who has a portfolio of sound investments and the temperament to stick with them through market fluctuations.