你从投资中得到的回报是市场回报减去你支付的成本——但这个减法从来不是你想象的那个数字。

Your return from investing is the market return minus the costs you pay — but that subtraction is never the number you imagine.

我从不打算在买入股票的次日就赚钱；我总是假设明天交易所就会关门，5年之后才又重新打开。

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

在投资中，时间是你的朋友，冲动是你的敌人。大多数投资损失不是因为判断错误，而是因为在不该行动的时候行动了。

In investing, time is your friend, impulse is your enemy. Most investment losses come not from bad judgment, but from acting when you shouldn't have acted.

我们的愿景叫做更健康更长久，不健康不长久的事不做。