“能力圈”的大小不重要，重要的是你知道它的“边界在哪”。不知道边界的能力比没有能力更危险。

Knowing what you don't know is more useful than being brilliant.

耐心等待合适的价格是投资成功的关键。

Patiently waiting for the right price is the key to investment success.

构建投资组合的目标不是创造最高回报，而是让你在最艰难的环境中也能活下来，然后自然地增长。

The goal of a portfolio is not to create the highest return, but to survive the toughest environments so you can grow naturally.

我懂的生意非常少，和很多人的差别在于我承认我懂的少，所以就变简单了。

The businesses I truly understand are very few. The difference between me and many others is that I admit I understand very little, and that makes things much simpler.