1.如果你發(fā)現(xiàn)自己在一艘長期漏水的船上，那么造一艘新船要比補漏洞有效得多。

If you find yourself on a chronically leaky ship, it& #39;s much more effective to build a new ship than to patch the holes.

2.我只投資于連傻子都能經(jīng)營的公司，因為人遲早都要成為傻子。

I only invest in companies that even a fool can run, because sooner or later one has to be a fool.

3.我們喜歡這樣的企業(yè)：務(wù)實簡單穩(wěn)定。

We like companies that are pragmatic, simple and stable.

4.尋找收購對象，如同“捕獵為數(shù)稀少而又快速移動的大象”。

Finding acquisitions is like “hunting a few, fast-moving elephants”.

5.能力有多強并不重要，關(guān)鍵在于正確了解和評價自己的能力。

It doesn& #39;t matter how good you are, it& #39;s all about knowing and evaluating what you can do.

6.成功投資的關(guān)鍵：常識，紀律和耐心。

The keys to successful investing: common sense, discipline and patience.

7.我從不使用預(yù)測工具，它們貌似精確。它們越是顯得嚴謹，你就應(yīng)當越加小心。

I never use forecasting tools, they appear to be accurate. The more rigorous they appear, the more careful you should be.

8.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。

We concentrate our investments in a few outstanding companies, we are concentrated investors.

9.如果你無法左右局面，那么錯失一次機會也不是什么壞事。

If you can& #39;t influence the situation, then a missed opportunity is not a bad thing.

10.最為有效的制止投機的方式，就是一個高到極端的股票價位。

The most effective way to stop speculation is a high to extreme stock price.