如果你不能简单解释你的投资，那么你可能不理解它。

If you can't explain it simply, you don't understand it well enough.

选股就像画画，先纸上练100家公司，练完你就知道自己适合什么了。

Take 100 companies and write down why you'd buy them. By the time you're done, you'll know your circle of competence.

你不需要成为每个领域的专家，你只需要在你了解的领域做出正确的判断。

You don't need to be an expert on everything. You just need to be right on the things you know.

你的生活质量取决于你做出的决定的质量——而你决定的质取决于你把多少不同的好角度放在桌面上。

The quality of your life depends on the quality of the decisions you make — and the quality of your decisions depends on how many different good perspectives you put on the table.