| 理性 |
用数字与常识做决策，不被情绪干扰 |
Rationality: Make decisions using numbers and common sense, not emotion. |
| 逆向 |
在恐惧时买进，在贪婪时观望 |
Contrarianism: Buy in times of fear; stay on the sidelines in times of greed. |
| 反周期 |
景气低谷时勇敢出手 |
Counter-cyclical: Act boldly during economic troughs. |
| 长期主义 |
持有期限是永远。 |
Long-Termism: The holding period is forever. |
| 集中投资 |
把大钱押在理解透彻的公司 |
Concentrated Investing: Bet big on companies you understand thoroughly. |
| 稳如磐石 |
不为短期波动所惑。 |
Steadfastness: Do not be swayed by short-term volatility. |
| 能力圈 |
投资自己理解的领域。 |
Circle of Competence: Invest in what you understand. |
| 安全边际 |
确保价格划算才出手。 |
Margin of Safety: Only make a move when you're certain the price is a bargain. |
| 耐心等待 |
机会稀少，宁缺勿滥。 |
Patience: Opportunities are rare; quality over quantity. |