1. Only when the tide is low will you know who has been swimming naked.

only when the tide receipts will you know who has been swimming naked.

2. Be sure to invest within the scope of your own understanding.

be sure to invest within the limits of your understanding.

3. If you basically learn from others, you don't need to have too many new ideas of your own, you just need to apply the best knowledge you have learned.

If you learn fundamentally from others, you don't need to have too many new ideas of your own, you just need to apply the best knowledge you have learned.

4. Never ask the barber if you need a haircut.

never ask a barber if you need a haircut.

5. Although I also live on income, I am more obsessed with the process than the income.

I live on ine, I am more obsessed with the process than with ine.

6. I am greedy when others are afraid, and I am afraid when others are greedy.

I am greedy when others are fearful, and I am fearful when others are greedy.

7. Today's investors are not profiting from yesterday's growth.

investors today are not benefiting from yesterday's growth.

8. It is foolish to own a stock and expect it to rise next morning.

it's foolish to own a stock and expect it to rise next morning.

9. Our goal is to make the profits of our holding partners come from the enterprise, not from the stupid behavior of other owners.

our goal is to make our share holding partners' profits e from the business, not from the foolish behavior of other co-owners.

1. The habitual chain is always too light to detect before it breaks.

Habitat chains are always too light to be unnoticed before they break.

11. Investment must be rational. Don't do it if you can't understand it.

investment must be rational. if you can't understand it, don't do it.

12. Our job is to focus on what we know, which is very, very important.

Our job is to focus on what we know, which is very important.

13. The current financial courses may only help you do ordinary things.

current financial courses may only help you do mediocre things.

14. If the market is always effective, I will only become a tramp carrying tinplates in the street.

If the market is always effective, I will only be a street tramping tin cans.

15. Start saving money and investing as early as possible, which is the best habit worth developing.

Starting to save money and investing early is the most worthy habit.

16. With my ideas and your money, we will do well.

with my ideas and your money, we will do well.

17. For me, investment is both a sport and an entertainment.

for me, investment is not only a sport, but also a kind of entertainment.

18. The best deals, from the beginning, almost always tell you not to buy.

the best deals, at the beginning, almost always tell you not to buy them in numbers.

19. If you have already done this, you may have a deeper understanding of this enterprise than the management of the enterprise.

if you have already done so, you may have a better understanding of the business than the management of the business.

2. When a brilliant management class meets a declining sunset industry, it is often the latter that has the upper hand.

when an experienced business class encounters a declining sunset industry, it is software the later that prevaills.

21. If there is a nuclear war, please ignore this event.

If there is a nuclear war, please ignore it.

22. I have been working on the allocation of funds since I was eleven years old, and I have been doing this until now.

I've been working on the allocation of funds since I was eleven years old, and I've been working on it ever since.

23. I always knew that I would be rich, and I never had the slightest doubt about it.

I always knewthat I would be rich, and I had no doubt about it.

24. If you succeed at first, don't find another way.

if you succeed at first, don't look elsewhere.

25. In life, I am not the most welcome person, but I am not the most annoying person. I don't belong to any kind of people

I'm not the most popular person in life, but I'm not the most annotating person. Another of me belongs.

26. Trying to operate bands in the stock market is something that God does, not people do.

it is god's job, not man's, to want to operate in the stock market.

27. If we can't find what we need within our confidence, we won't expand the scope. We will just wait.

If we can't find what we need within our confidences, we won't expand our scope. We'll just wait.

28. I only do what I fully understand.

I just do what I fully understand.

29. What I want is not money. I think it is very interesting to make money and watch it increase gradually.

What I want is not money. I find it interesting to make money and watch it grow.

3. The only value of stock forecasting experts is to make fortune tellers look good.

The only value of stock forecasting experts is to make fortune tellers look good.

31. Anything that cannot develop forever will eventually die out.

anything that can't develop forever will eventfully die out.

32. You can learn a lot about prophets from predictions, but little about the future.

you can learn a lot about suggestions from suggestions, but little about the future.

33. Investing in a market where people believe in the efficiency of the market is like playing bridge with someone who is told that it is not good to watch cards.

investing in a market where people believe in the effectiveness of the market is like playing bridge with someone who is held that cards are not good.

34. Interest rate is like the gravity of investment.

interest rates are like the gravity of investment.

35. Don't invest in a business that a fool can do, because a fool will do it one day.

Don't invest in a business that tools can do, because tools will do it one day.

36. We don't have to kill dragons, we can do well just by avoiding them.

We don't have to slaughter dragons, we just need to avoid them to do a good job.

37. I won't measure the value of my life by the money I earn. Others may do this, but of course I won't.

I will not measure the value of my life with the money I earn. Others may do that, but I definitely won't.

38. These figures are the wealth I will have in the future. Although I don't have so much now, I will earn it one day.

these figures are the wealth I will have in the future. Although I don't have so much now, I will make it one day.

39. We should focus on what will happen, not when.

we should focus on what will happen, not when.

4. If you don't want to own a stock for ten years, don't consider owning it for ten minutes.

if you don't want to own a stock for ten years, don't consider owning it for ten minutes.

41. Berkshire is like the Metropolitan Museum of Art in business, and we prefer to collect the greatest enterprises of our time.

Berkshire is like the metropolitan gallery of art in the business world. We prefer to collect the great enterprises of our time.

42. A group of lemmings are no different from those selfish individualists on Wall Street when they disagree.

A group of lemmings is no different from the se