投资中最具破坏性的情感不是恐惧，而是对错失机会的焦虑。

The most destructive emotion in investing is not fear, but the anxiety of missing out on opportunities.

将投资视为一种概率游戏而非确定性游戏。你不需要每次都对，你只需要在概率站在你这边时下重注。

View investing as a game of probabilities, not certainties. You don't need to be right every time; you just need to bet heavily when the odds are in your favor.

市场短期是一台投票机，但长期是一台称重机。

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

人群集体癫狂抢购时，往往是理性投资者该安静离场的时候；人群绝望抛售时，反而是该出手捡便宜的时机。

When the crowd is maniaically buying is often when the rational investor should quietly step aside; when they despair and sell is when bargains appear.