Learning from failure is more valuable than celebrating success.
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
The deeper you go, the more you find yourself.
应对不自由世界的唯一方法是变得如此绝对自由,以至于你的存在本身就是一种反抗。