Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.
一旦我們意識到不完美的理解是人類的條件,那么犯錯并不可恥,可恥的是未能糾正我們的錯誤。
The worse a situation becomes, the less it takes to turn it around, the bigger the upside.
情況越糟,扭轉(zhuǎn)局面所需的努力就越小,上升空間就越大。
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
如果投資是有趣的,如果你玩得開心,你可能賺不到錢。好的投資是無聊的。
I'm only rich because I know when I'm wrong... I basically have survived by recognizing my mistakes.
I'm only rich because I know when I'm wrong... I basically have survived by recognizing my mistakes.
我之所以富有,是因為我知道我什么時候錯了……我基本上是通過認(rèn)識到我的錯誤而生存下來的。
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
市場總是處于不確定和變化的狀態(tài),賺錢是通過對顯而易見的事情進(jìn)行折現(xiàn)并對意外事件下注。
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
重要的不是你對了還是錯了,而是當(dāng)你對了的時候你賺了多少錢,當(dāng)你錯了的時候你虧了多少錢。
The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
金融市場通常是不可預(yù)測的。所以人們需要有各種不同的情景……認(rèn)為你實際上可以預(yù)測將要發(fā)生的事情的想法與我對市場的看法相矛盾。