1.Investment is simpler than you imagine, but also more difficult than it looks.
投资比你想象的要简单,但也比它看上去要难。
2.If you cannot control the situation, then missing an opportunity is not a bad thing.
如果你无法左右局面,那么错失一次机会也不是什么坏事。
3.A common mistake I make is not willing to offer high prices for very good companies.
我一个经常犯的错误,就是不愿意为非常好的企业出高价。
4.Being an excellent investor does not require high intelligence, just the ability to not easily follow the crowd.
做优秀的投资者并不需要高智商,只须拥有不轻易从众的能力。
5.I do think the Chinese stock market is cheaper than the American stock market. And I do think China has a bright future. I also think there will be growing pains of course.
我觉得中国股市比美国股市估值要低,中国前途光明。当然我也觉得它要经历成长的痛苦。
6.The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
7.Money doesn't create man but it is the man who created money.
钱是人创造的,但钱不会创造人。
8.The nature of the capital market cannot bring many winners, only a few will win.
资本市场的本性不可能出现很多赢家,赢的只是少数。
9.Time is the friend of excellent enterprises and the enemy of mediocre enterprises. You may think this principle is mundane, but I learned it through profound lessons.
时间是优秀企业的朋友,平庸企业的敌人。你可能认为这个原则平淡无奇,但我是通过深刻的教训才学习到的。
10.For me, investing is both a sport and entertainment.
投资对于我来说,既是一种运动,也是一种娱乐。
11.The so-called freedom of wealth is not having a lot of money, but not doing things you don't like for money.
所谓的财富自由并不是拥有很多钱,而是不为钱做自己不喜欢的事情。
12.If you cannot control yourself, you will sooner or later face great disaster.
如果你不能控制住你自己,你迟早会大祸临头。
13.Investment must be rational. If you can't understand it, don't do it.
投资必须是理性的。如果你不能理解它,就不要做。
14.Firstly, widespread panic is a friend of investors, as it provides high-quality and affordable assets; Secondly, personal panic is your enemy, which is unnecessary.