1.Profit from folly rather than participate in it.

获利于愚蠢，而非陷于愚蠢。

2.Someone is sitting in the shade today because someone planted a tree a long time ago.

有人今天坐在树荫下，是因为他很久以前种了一棵树。

3.I always knew I was going to be rich. I don& #39;t think I ever doubted it for a minute.

我一直知道自己会变得富有，一分钟都没有怀疑过。

4.Losing some money is an inevitable part of investing and there is nothing you can do to prevent it.

亏钱是投资中不可避免的组成部分，你根本就无法防范。

5.If you are in a poker game and after 20 minutes you don’t know who the patsy is, then you’re the patsy.

如果你在玩扑克牌，20分钟后你都不知道谁是韭菜，那么你就是韭菜。

6.Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.

除非你能看着你的持股跌个50%而不惊慌失措，否则你就不该踏入股市。

7.We don& #39;t get paid for activity, just for being right. As to how long we& #39;ll wait, we& #39;ll wait indefinitely.

我们得到回报不是因为交易积极，而只是行事正确。至于我们要等待多久，那可没有什么期限。

8.Investing is built on estimates and uncertainty. A wide margin of safety ensures that the effects of good decisions are not wiped out by errors.

投资是建立在预估和不确定上的。一个宽泛的安全边际会确保好的投资决策的成果不会因犯错而荡然无存。

9.The advice "you never go broke taking a profit" is foolish.

“落袋为安，永不破产”是愚蠢的建议。

10.Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a fly epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

长期来看，股市的消息将会是利好的。在20世纪，美国遭受了两次世界大战以及其它多次伤亡惨重，耗资巨大的军事冲突，大萧条，十几次经济衰退和金融恐慌，数次石油冲击，一次大流感，一位不光彩的总统退位。然而，道琼斯指数还是从66点攀升到11497点。

11.Mr. Market is your servant, not your master. Mr. Market& #39;s moods should not influence your view of price.

市场先生是你的仆人，而不是你的主人。你对价格的看法不应该受市场先生的情绪影响。

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

切勿同时用双脚测试河的深度。

13.When something bad happens, you have three choices. You can let it define you, let it destroy you, or you can let it strengthen you.

当厄运降临时，你有三个选择：让它定义你，让它摧毁你，让它使你更强大！