你最大的竞争优势不在于你知道什么，而在于你清楚地知道你不知道什么。承认无知是智慧的开端。

Your greatest competitive advantage lies not in what you know, but in knowing clearly what you don't know. Acknowledging ignorance is the beginning of wisdom.

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.

把鸡蛋放在一个篮子里，然后好好看管那个篮子。

Put all your eggs in one basket, and then watch that basket.

耐心等待自己能力圈内出现投资目标，包括在能力圈内积极寻找。

Patiently wait for investment targets to appear within your circle of competence, while also actively searching within that circle.