1.What counts for most people in investing is not how much they know, but rather how realistically they define what they don& #39;t know. An investor needs to do very few things right as long as he or she avoids big mistakes.

就投資而言，人們應(yīng)該注意的，不是他到底知道多少，而是自己到底不知道多少。只要投資人能盡量避免犯重大的錯(cuò)誤，他不需要花太多時(shí)間去做對(duì)的事。

2.We should focus on what will happen, not when.

我們應(yīng)該集中關(guān)注將要發(fā)生什么，而不是什么時(shí)候發(fā)生。

3.Investors today are not benefiting from yesterday& #39;s growth.

今天的投資者不是從昨天的增長中獲利的。

4.The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs.

投資和投機(jī)之間永遠(yuǎn)是一線之隔，尤其是當(dāng)所有市場的參與者都沉浸在歡愉的氣氛當(dāng)中時(shí)更是如此。

5.We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.

我們相信集中持股的做法同樣可以大幅降低風(fēng)險(xiǎn)，只要投資人在買進(jìn)股票之前，能夠加強(qiáng)自身對(duì)企業(yè)的認(rèn)知，以及對(duì)其競爭能力熟悉的程度。

6.The best deals, at the beginning, almost always tell you not to buy them in terms of numbers.

那些最好的買賣，剛開始的時(shí)候，從數(shù)字上看，幾乎都會(huì)告訴你不要買。

7.If the market is always effective, then I should be begging on the streets now.

如果市場總是有效，那我現(xiàn)在就應(yīng)該在街頭乞討了。

8.An overheated stock market as an enterprise pickpockets.

一個(gè)過熱的股市就是企業(yè)的扒手。

9.If you wait for the robin to sing, you will miss the entire spring.

如果你等到知更鳥叫時(shí)，你將錯(cuò)過整個(gè)春天。

10.The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It& #39;s optimism that is the enemy of the rational buyer.

股價(jià)不振的主要原因是悲觀的情緒，有時(shí)是全面性的，有時(shí)則僅限于部分產(chǎn)業(yè)或公司。我們很期望能夠在這種環(huán)境下做生意，不是因?yàn)槲覀兲焐矚g悲觀，而是如此可以得到便宜的價(jià)格買進(jìn)更多好的公司。樂觀是理性投資人最大的敵人。

以上內(nèi)容為巴菲特經(jīng)典語錄整理

由數(shù)字人巴菲特播報(bào)

本視頻由七華軟件用人工智能技術(shù)生成