1. 我对总体经济一窍不通，汇率与利率根本无法预测，好在我在做分析与选择投资标时根本不去理会它。

1. I know nothing about the overall economy, and exchange rates and interest rates are impossible to predict. Fortunately, I never pay attention to them when doing analysis and choosing investment targets.

2. 我从十一岁开始就在作资金分配这个工作，一直到现在都是如此。

2. I have been involved in financial allocation work since I was eleven years old, and it has been like this all the way to the present.

3. 你是在市场中与许多蠢人打交道；这就像一个巨大的赌场，除你之外每一个人都在狂吞豪饮。如果你一直喝百事可乐，你可能会中奖。

3. You are dealing with many fools in the market; it's like a huge casino, where everyone except you is indulging in heavy drinking. If you keep drinking Pepsi, you might just win the jackpot.

4. 他的父母告诉过他，如果他对一个人说不出什么美好的话，那就什么也别说。他相信他父母的教导。

4. His parents had told him that if he couldn't say something nice about a person, then he shouldn't say anything at all. He believes in his parents' teachings.

5. 我之所以能有今天的投资成就，是依靠自己的自律和别人的愚蠢。

5. The reason I have achieved today's investment success is due to my own self-discipline and others' foolishness.

6. 投资必须是理性的。如果你不能理解它，就不要做。

6. Investment must be rational. If you cannot understand it, do not do it.

7. 投资的第一条准则是不要赔钱；第二条准则是永远不要忘记第一条。

7. The first rule of investing is not to lose money; the second rule is to never forget the first rule.

8. 波克夏就像是商业界的大都会美术馆，我们偏爱收集当代最伟大的企业。

8. Berkshire is like the Metropolitan Museum of Art of the business world; we prefer to collect the greatest corporations of the contemporary era.

9. 只要想到隔天早上会有亿男性需要刮胡子，我每晚都能安然入睡。

9. Just thinking about the fact that there will be billions of men needing to shave the next morning makes me sleep soundly every night.

10. 在商业不景气时，我们散布谣言说，我们的糖果有着春药的功效，这样非常有效。但谣言是谎言，而糖果则不然。

10. During the economic downturn, we spread rumors that our candy has the effect of aphrodisiacs, which was very effective. However, the rumors were lies, but the candy was not.

11. 人不是天生就具有这种才能的，即始终能知道一切。但是那些努力工作的人有这样的才能。他们寻找和精选世界上被错误定价的赌注。

11. Humans are not born with the talent to always know everything. However, those who work hard possess such talent. They seek out and select the mispriced bets in the world.

12. 我是一个非常现实的人，我知道自己能够做什么，而且我喜欢我的工作。也许成为一个职业棒球大联盟的球星非常不错，但这是不现实的。

12. I am a very realistic person, I know what I am capable of, and I enjoy my job. Maybe becoming a star in the Major League Baseball would be great, but that is not realistic.

13. 当我发现自己处在一个洞穴之中时，最重要的事情就是停止挖掘。

13. When I found myself in a cave, the most important thing was to stop digging.

14. 我们欢迎市场下跌，因为它使我们能以新的令人感到恐慌的便宜价格拣到更多的股票。

14. We welcome the market downturn because it allows us to pick up more stocks at new, alarmingly cheap prices.

15. 那些最好的买卖，刚开始的时候，从数字上看，几乎都会告诉你不要买。

15. The best deals, at the beginning, almost always tell you not to buy in terms of numbers.

16. 投资成功的关键在于，当市场价格大大低于经营企业的价值时，买入优秀企业的股票。

16. The key to investment success lies in buying stocks of excellent companies when market prices are significantly below the value of operating the business.

17. 所谓拥有特许权的事业，是指那些可以轻易提高价格，且只需额外多投入一些资金，便可增加销售量与市场占有率的企业。

17. What is referred to as a franchise business is those enterprises that can easily raise prices and, with just a little additional investment, can increase sales volume and market share.

18. 哲学家们告诉我们，做我们所喜欢的，然后成功就会随之而来。

18. Philosophers tell us that if we do what we like, success will follow.

19. 我不拿任何工作与我的工作做交易，并且我的工作中包含着**生活。

19. I do not trade any job for my work, and my work encompasses **life**.

20. 一群旅鼠在意见分歧时，和华尔街那群利己的个人主义者没有两样。

20. When a group of lemmings disagree, they are no different from that group of selfish individualists on Wall Street.

21. 如果你加入扑克赌局分钟还不知道谁是输家，那么你就是输家！

21. If you join a poker game and still don't know who the loser is after a minute, then you are the loser!

22. 如果你不愿意拥有一只股票十年，那就不要考虑拥有它十分钟。

22. If you're not willing to own a stock for ten years, don't consider owning it for ten minutes.

23. 他是一个天才，但他能够把某些东西解释得如此简易和清晰，以至起码在那一刻，你完全理解了他所说的。

23. He is a genius, but he can explain certain things so simply and clearly that at least at that moment, you completely understand what he said.

24. 想要在股市从事波段操作是神做的事，不是人做的事。

24. It is the work of a god to engage in swing trading in the stock market, not the work of a human being.

25. 我始终知道我会富有，对此我不曾有一丝一毫的怀疑。

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

26. 只有在退潮的时候，你才知道谁一直在光着身子游泳！

26. It is only when the tide goes out that you know who has been swimming in the nude!

27. 对于大多数投资者而言，重要的不是他到底知道什么，而是他们是否真正明白自己到底不知道什么。

27. For most investors, what is important is not what they actually know, but whether they truly understand what they do not know.

28. 有的企业有高耸的护城河，里头还有凶猛的鳄鱼海盗与鲨鱼守护着，这才是你应该投资的企业。

28. Some companies have towering moats, with ferocious crocodile pirates and sharks guarding them within. These are the companies you should invest in.

29. 市场就像上帝一样，帮助那些自己帮助自己的人，但与上帝不一样的地方是，他不会原谅那些不知道自己在做什么的人。

29. The market is like God, it helps those who help themselves, but unlike God, it does not forgive those who do not know what they are doing.

30. 当人们忘记二加二等于四这种最基本的常识时，就该是脱手离场的时候了。

30. It's time to throw in the towel when people forget the most basic common knowledge, such as that two plus two equals four.

31. 虽然我也靠收入生活，但我迷恋过程要远胜于收入。

31. Although I also live off my income, I am far more obsessed with the process than the income itself.

32. 如果我们最重要的路线是从北京去深圳，我们没有必要在南昌下车并进行附带的旅行。

32. If our most important route is from Beijing to Shenzhen, there is no need for us to get off at Nanchang and make a detour for the additional travel.

33. 如果把那些曾经信任过我的人推开，我不会自我感觉良好。

33. If I were to push away those who once trusted me, I would not feel good about myself.

34. 我们的目标是使我们持股合伙人的利润来自于企业，而不是其他共有者的愚蠢行为。

34. Our goal is to ensure that the profits of our shareholders come from the enterprise itself, rather than the foolish actions of other stakeholders.