个人投资者应该始终如一地作为投资者而不是投机者行事。
The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.
衡量你投资成功的最佳方式不是看你是否击败了市场,而是看你是否制定了一个财务计划和行为纪律,这些可能会让你达到你想要的目标。
The stock market is filled with individuals who know the price of everything, but the value of nothing.
股市中充满了知道一切价格但不知道任何价值的人。
To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.
实现令人满意的投资结果比大多数人想象的要容易;实现卓越的结果比看起来要难。
The investor's chief problem - and even his worst enemy - is likely to be himself.
投资者的主要问题——甚至是他最大的敌人——很可能是他自己。
The essence of investment management is the management of risks, not the management of returns.
投资管理的本质是风险管理,而不是回报管理。
In the short run, the market is a voting machine but in the long run, it is a weighing machine.
短期来看,市场是一台投票机,但长期来看,它是一台称重机。
The intelligent investor is a realist who sells to optimists and buys from pessimists.
聪明的投资者是现实主义者,他们向乐观主义者出售,从悲观主义者那里购买。