1.The fear will slowly diminish over time, but the danger will not.

恐懼會隨著時(shí)間慢慢減弱，但是危險(xiǎn)不會減少。

2.You have to do things when the opportunity presents itself.

你得在機(jī)會來臨的時(shí)候做事。

3.Investing is easier than you think, but it& #39;s also harder than it looks.

投資比你想象的要簡單，但也比它看上去要難。

4.Investing wisely can make you very rich, as long as you are not overly eager to get ahead.

只要不是過于急于求成，合理投資能使你非常富有。

5.There will still be huge differences in value and price in the securities markets, and those who read Graham and Dodd& #39;s books will continue to get rich.

證券市場上仍將存在巨大的價(jià)值與價(jià)格差異，而那些閱讀格雷厄姆和多德的書的人仍將繼續(xù)發(fā)財(cái)。

6.I treat public company disclosures (mostly undisclosed) as I view icebergs (mostly below the surface).

我對待上市公司信息披露（大部分未公開）的態(tài)度如同我看待冰山（大部分在水面以下）。

7.Relatively speaking, our performance is probably much better in bear market conditions than in bull market conditions.

相對來講，我們的業(yè)績在熊市狀況下可能比在牛市狀況下要好得多。

8."Intrinsic value" is a very important concept that provides the only logical means of assessing the relative attractiveness of investments and businesses.

“內(nèi)在價(jià)值”是一個(gè)非常重要的概念，它為評估投資和企業(yè)的相對吸引力提供了唯一的邏輯手段。

9.When it comes to investing, we see ourselves as corporate analysts - not market analysts, nor macroeconomic analysts, nor securities analysts.

在投資的時(shí)候，我們把自己看成是企業(yè)分析師——而不是市場分析師，也不是宏觀經(jīng)濟(jì)分析師，更不是證券分析師。

10.Concentrate on investing in businesses whose total return to market value will continue to rise for many years.

集中投資那些總收益與市場價(jià)值會多年不斷上漲的企業(yè)。

11.If you can& #39;t sway the situation, then a missed opportunity isn& #39;t a bad thing.

如果你無法左右局面，那么錯(cuò)失一次機(jī)會也不是什么壞事。

12.Our investments are concentrated in a few outstanding companies and we are concentrated investors.

我們的投資集中在幾家杰出的公司身上，我們是集中投資者。

13.A frequent mistake I make is not being willing to bid high for very good businesses.

我一個(gè)經(jīng)常犯的錯(cuò)誤，就是不愿意為非常好的企業(yè)出高價(jià)。

14.The nature of the capital markets makes it impossible for there to be many winners; there are only a few winners.

資本市場的本性使得不可能出現(xiàn)很多贏家，贏的只是少數(shù)。

15.We like this kind of business: pragmatic, simple and stable.

我們喜歡這樣的企業(yè)：務(wù)實(shí)、簡單、穩(wěn)定。