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.
重要的不是你对了还是错了,而是当你对了的时候你赚了多少钱,当你错了的时候你亏了多少钱。
Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.
The worse a situation becomes, the less it takes to turn it around, the bigger the upside.
I'm only rich because I know when I'm wrong... I basically have survived by recognizing my mistakes.
Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.
市场总是处于不确定和变化的状态,而赚钱是通过对显而易见的事情进行折现,并对意外事件下注。
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.
I rely a great deal on animal instincts.
我非常依赖动物本能。
The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and not in making money.
我和其他积累了这种财富的人之间的主要区别在于,我主要对思想感兴趣,而不是赚钱。
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