投资者因为担心调整、试图预测调整而损失的钱，远远超过调整本身造成的损失。

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

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.

在你买入一只股票之前，先问自己：如果这只股票明天跌了50%，我是会恐慌卖出，还是会加仓？如果答案是前者，那你根本不应该买。

Before buying a stock, ask yourself: if it drops 50% tomorrow, would I sell in panic or buy more? If the answer is the former, you shouldn't buy it at all.

投资的四个维度是回报、风险、成本和时间。令人惊讶的是，绝大多数投资者只关注第一个维度。

The four dimensions of investing are return, risk, cost, and time. Remarkably, the vast majority of investors focus only on the first one.