Honesty is very expensive gift. Do not expect it from cheap people.

诚实是非常昂贵的礼物。不要奢求从廉价的人那里得到。

Do not put all eggs in one basket.

不要把所有鸡蛋放在一个篮子里。

Never test the depth of the river with both of your feet.

永远不要用两只脚测试河的深度。

If you buy things you don’t need, soon you will have to sell things you need.

如果你买不需要的东西，很快你就会卖你需要的东西。

Never depend on single income. Make investment to create a second source.

不能依靠单一的收入，应投资创建第二个资源。

He rates businesses on their ability to raise prices and sometimes doesn’t even consider the people in charge.

判断一家公司的优劣，我只看它是否有定价权，CEO姓甚名谁有时候根本不在我考虑范围内。

Look at market fluctuations¹ as your friend rather than your enemy; profit from folly² rather than participate in it.

把市场的变动当作你的朋友而不是你的敌人；利益来自于愚蠢的想法而不是参与其中。

Value is what you get.

你所获得的是价值所在。

Only when the tide goes out do you discover who's been swimming naked.

只有当潮涨时，你才会发现谁是弄潮儿。

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.

我从不试图在股市上赚钱。我以这样的心态买股票：股市明天不会关闭，五年之内不会再次开放。

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

第一号规则：永远不要乱花钱。第二条规则：永远不要忘记第一条规则。