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I'm not here to tell you what to think. I'm here to tell you to think.

The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.

廣泛地學習，詳盡地探究，慎重地思考，清楚地辨別，忠實地執行。

我們試圖以低于其資產價值的價格購買股票。