IS--7
1、把每支投資的股票都當作一樁生意來做。
Treat every stock invested as a business.
2、投資人並不需要做對很多事情，重要的是要能不犯重大的過錯。
Investors don't need to do many things right. It's important that they don't make major mistakes.
3、設計出的工具越多，使用工具的人就得越聰明。
The more tools you design, the smarter you will be.
4、要給他們做夠的金錢做他們喜歡做的事。但不能給他們太多的錢讓他們無所事事。
Give them enough money to do what they like. But don't give them too much money to do nothing.
5、我之所以能有今天的投資成就，是依靠自己的自律和別人的愚蠢。
The reason why I can make today's investment achievements is that I rely on my own self-discipline and the folly of others.
6、他反動把智商當做對良好投資關鍵，強調要有判斷力，原則性和耐心。
He reactively regarded IQ as the key to good investment, emphasizing judgment, principle and patience.
7、沒有公式能判定股票的真正價值，唯一方法是徹底了解這家公司。
There is no formula to determine the true value of the stock. The only way is to have a thorough understanding of the company.
8、我們應集中關注將要發生什麼，而不是什麼時候發生。
We should focus on what will happen, not when.
9、與很多共同基金1%的收費相比：在伯克希爾我們為你賺錢，而不是從你那裏賺錢。
Compared with the 1% fee of many mutual funds: we make money for you at Berkshire, not from you.
10、風險來自你不知道自己正做些什麼？
The risk is that you don't know what you're doing.
11、實際上，如果沒有十足的把握，我不會輕舉妄動。
In fact, I would not act rashly without full certainty.
12、投資人最重要的特質不是智力而是性格。
The most important trait of investors is not intelligence but character.
13、如果股市可以用理論去有效分析、我早就變成路邊的流浪漢了。
If the stock market could be effectively analyzed by theory, I would have become a roadside tramp.
14、任何不能永遠發展的事物，終將消亡。
Anything that cannot develop forever will eventually die out.
15、我們不因大人物，或大多數人的讚同而心安理得，也不因他們的反對而擔心。
We do not feel comfortable with the approval of the big people or the majority of the people, nor do we worry about their opposition.
16、若你不打算持有某隻股票達十年、則十分鍾也不要持有。
If you don't intend to hold a stock for ten years, don't hold it for ten minutes.
17、我一直相信我自己的眼睛遠勝於其他的一切。
I have always believed that my own eyes are better than everything else.
18、他很明顯一直自信於自己的所思所想，並隨時準備捍衛自己的思想。
He was clearly confident in what he thought and was ready to defend his ideas.
19、當適當的氣質與適當的智力結構相結合時，你就會得到理性的行為。
When the right temperament is combined with the right intellectual structure, you will get rational behavior.
20、投資是一項理性的工作，如果你不能理解這一點，最好別攙和。
Investment is a rational job. If you can't understand it, you'd better not mix it up.
21、我們從未想到要預估股市未來的走勢。
It never occurred to us to predict the future trend of the stock market.
22、你不會每年都更換房子、孩子和老婆。為什麼要賣出股票呢？
You don't change houses, children and wives every year. Why sell stocks?
23、我們沒有必要比別人更聰明，但我們必須比別人更有自製力。
We don't have to be smarter than others, but we have to be more self-restrained than others.
24、生活的關鍵是，要弄清誰為誰工作。
The key to life is to find out who works for whom.
25、不熟不做：投資者成功與否，是與他是否真正了解這項投資的程度成正比的。
Unfamiliar: The success of an investor is directly proportional to whether he really knows the extent of the investment.
26、不要投資一門蠢人都可以做的生意，因為終有一日蠢人都會這樣做。
Don't invest in a business that fools can do, because fools will do it one day.
27、隻有在潮水退去時，你才會知道誰一直在裸泳。
Only when the tide recedes will you know who has been swimming naked.
28、一群旅鼠在意見分歧時，和華爾街那群利己的個人主義者沒有兩樣。
A group of lemmings is no different from the self-serving individualists on Wall Street when they disagree.
29、要去他們要去的地方而不是他們現在所在的地方。
Go where they want to go, not where they are now.
30、習慣的鏈條在重到斷裂之前，總是輕到難以察覺！
Habitual chains are always too light to be noticed before they break again!
31、不能承受股價下跌50%的人就不應該炒股。
People who can't afford a 50% drop in share prices should not speculate.
32、任何一個不打橋牌的年輕人都犯了一個大錯誤。
Any young man who doesn't play bridge makes a big mistake.
33、當我發現自己處在一個洞穴之中時、最重要的事情就是停止挖掘。
When I find myself in a cave, the most important thing is to stop digging.
34、如果你無法左右局麵，那麼錯失一次機會也不是什麼壞事。
If you can't control the situation, it's not a bad thing to miss an opportunity.
35、如果發生了壞事情、請忽略這件事。
If something bad happens, please ignore it.
36、財務顧問就是那些比你更需要你的錢的人。
Financial advisers are people who need your money more than you do.
37、我想像不出生活中有什麼我想要而不能擁有的東西。
I can't imagine what I want and can't have in life.
38、思想枯竭、則巧言生焉！
Thoughts are exhausted, but words are not born out of rhetoric!
39、一個過熱的股市就像是一名企業的扒手。
An overheated stock market is like a pickpocket of an enterprise.
40、擁有一顆鑽石的一部分，也要比完全擁有一塊萊茵石好得多。
It's much better to have a part of a diamond than to have a rhinestone altogether.
