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3---Look at stocks as business, look for business you understand, run by
people you trust and are comfortable with, and leave them alone for a long time.
要把股票看成是企業,並尋找自己了解的企業:讓一群你信任且放心的人來經營,
同實在很長一段時間之內,都別理它們。
4---This is the cornerstone of our investment philosophy: Never count on making a
good sale. Have the purchase price be so attractive that even a mediocre sale gives
good results.
這是我們的投資哲學基礎:永遠不要指望賣到好價錢。要以極誘人的價錢買進,
這樣一來即使賣出的價錢平平,也能擁有不錯的獲利。
5-Great investment opportunities come around when excellent companies
are surrounded by unusual circumstance that cause the stock to be misappraised.
當一個績優企業因為面臨不尋常的狀況,而導致股票價值錯估時,
這就是一個大好的投資機會。
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