"Whether socks or stocks, I like buying quality merchandise when it is marked down."

“無(wú)論是襪子還是股票，我喜歡買(mǎi)減價(jià)的高質(zhì)量商品?！?/p>

Buffett's mentor, Ben Graham, taught his disciples that you weren't buying stocks, you were buying businesses. And sometimes "Mr. Market" was willing to sell those businesses for less than they were really worth. That was the signal to buy.

巴菲特從他的老師本-格雷厄姆獲得的一個(gè)投資秘訣是你買(mǎi)的不是股票,而是公司！尋找被市場(chǎng)過(guò)于低估的股票，然后大量買(mǎi)入。

單詞解析：

quality merchandise 高質(zhì)量商品

mentor  導(dǎo)師； disciple 徒弟；追隨者

Buy atthe point of maximum pessimism; sell at the point of maximum optimism.

在大蕭條的低點(diǎn)買(mǎi)入，在瘋狂非理性的高點(diǎn)拋出，并在這兩者間游刃有余。

As a committed contrarian, believed the only way to get a bargain in the stock market was to buy when everyone else was selling: "If you buy the same securities everyone else is buying, you will have the same results as everyone else."

在股票市場(chǎng)要淘便宜貨的方法就是當(dāng)別人賣(mài)出的時(shí)候你買(mǎi)進(jìn)。如果你想比大多數(shù)人都表現(xiàn)好，你就必須和大多數(shù)人的行動(dòng)有所不同。

Rejecting technical analysis as a method for investing, Templeton says, "You must be a fundamentalist to be really successful in the market."

拒絕將技術(shù)分析作為一種投資方法，鄧普頓認(rèn)為“你必須是一位基本面投資者才能在這個(gè)市場(chǎng)上獲得真正成功?！?/p>

單詞解析：

pessimism 悲觀主義

contrarian  逆向投資者； bargain 便宜貨

fundamentalist 基本面投資者

“Everyone has the brainpower to follow the stock market. If you made it through fifth grade math, you can do it.”

要成為一個(gè)成功的投資者,你不必是一個(gè)數(shù)學(xué)天才。只要你可以做五年級(jí)的數(shù)學(xué),那你就有了基本的技能。

With small companies, you’re better off to wait until they turn a profit before you invest.

對(duì)于小公司，最好等到他們贏利后再投資。