The four most dangerous words in investing are: 'this time it's different.'
投资中最危险的四个字是：“这次不同。”
The stock market is a device for transferring money from the impatient to the patient.
股票市场是一种将钱从急躁的人转移到耐心的人的工具。
The most important quality for an investor is temperament, not intellect.
投资者最重要的品质是性情，而不是智力。
In investing, what is comfortable is rarely profitable.
在投资中，舒适的东西很少是有利可图的。
The investor's chief problem—and even his worst enemy—is likely to be himself.
投资者的主要问题——甚至他最坏的敌人——可能就是他自己。
The stock market is filled with individuals who know the price of everything, but the value of nothing.
股票市场充满了知道一切价格但对价值一无所知的人。
I believe it's essential to understand the psychology of the market and the psychology of the individual investor.
我相信理解市场心理学和个体投资者的心理学是至关重要的。
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战胜了市场，而是看你是否制定了一个财务计划和行为纪律，这些计划可能让你达到你想要的目标。