会计是商业的语言，你得学会读它才能看懂一门生意。

Accounting is the language of business; you have to learn it to understand a business.

永远不要投资你无法用蜡笔画出来的公司。

Never invest in any idea you can't illustrate with a crayon.

守住能力圈，圈外再热闹也与我无关。

Guard your circle of competence; what's outside it, no matter how lively, is none of my business.

老巴的安全边际不是指便宜，安全边际指的是你对公司有多懂。

Buffett's margin of safety doesn't mean cheap; it means how well you understand the company.