如果你的投资让你晚上睡不着觉，那就卖掉一部分，直到你能安然入睡为止。活着比赚更多钱重要。

If your investments keep you up at night, sell enough so you can sleep well. Survival is more important than making more money.

不要在不了解其财务状况的公司上投资。股票中最大的损失，多数来自财务状况不佳的公司。

Don't invest in a company whose finances you don't understand. Most of the big losses in stocks come from companies with poor finances.

大多数投资者主要关注回报，但对风险的关注远比回报重要。

Most investors are primarily oriented toward return, but a focus on risk is far more important.

真正的问题不在于预测黑天鹅事件，而在于建立对黑天鹅事件的稳健性。

The problem is not predicting black swans, but building robustness to them.