Honesty is very expensive gift. Do not expect it from cheap people.

誠實是非常昂貴的禮物。不要奢求從廉價的人那里得到。

Do not put all eggs in one basket.

不要把所有雞蛋放在一個籃子里。

Never test the depth of the river with both of your feet.

永遠不要用兩只腳測試河的深度。

If you buy things you don’t need, soon you will have to sell things you need.

如果你買不需要的東西，很快你就會賣你需要的東西。

Never depend on single income. Make investment to create a second source.

不能依靠單一的收入，應投資創建第二個資源。

He rates businesses on their ability to raise prices and sometimes doesn’t even consider the people in charge.

判斷一家公司的優劣，我只看它是否有定價權，CEO姓甚名誰有時候根本不在我考慮范圍內。

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

把市場的變動當作你的朋友而不是你的敵人;利益來自于愚蠢的想法而不是參與其中。

Value is what you get.

你所獲得的是價值所在。

Only when the tide goes out do you discover who’s been swimming naked.

只有當潮漲時，你才會發現誰是弄潮兒。

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

我從不試圖在股市上賺錢。我以這樣的心態買股票：股市明天不會關閉，五年之內不會再次開放。

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

第一號規則：永遠不要亂花錢。第二條規則：永遠不要忘記第一條規則。