金融英语|投资大师告诉你买股票

1.Begin with a prayer. If you begin with a prayer, you can think more clearly and make fewer mistakes.

1.信仰能够帮助投资。假如你从祈祷开始，你就能想的更了解，少犯了错误误。

2.Outperforming the market is a difficult task. The challenge is not simply making better investment decisions than the average investor^{1. The real challenge is making investment decisions that are better than those of the professionals who manage the big institutions.}

2.领先投资市场是一项非常难的任务。它的困难程度不是做出比一般的投资者更好的决策这么简单，真的的挑战是要做出比那些运作大企业的专业人士更好的投资决策。

3.Invest - don't trade or speculate. The stock market is not a casino, but if you move in or out of stocks every time they move a point or two, the market will be your casino. And you may lose eventually - or frequently.

3.投资不要买卖或投机。股市不是赌场。但假如每次股票变动一两个点你就买进或卖出，股市就变成你的赌场了。你可能最后会彻底失败或者常常失败。

4.Buy value, not market trends or the economic outlook. Ultimately, it is the inpidual stocks that determine the market, not vice^{2 versa. Inpidual stocks can rise in a bear market and fall in a bull market. So buy inpidual stocks, not the market trend or economic outlook.}

4.重视股票价值，而不是股市走向或经济前景。说到底，是一支支股票决定了股市走向，而不是相反。即便是熊市也有股票上涨，牛市也有股票下跌。所以买股票要重视个股的价值，而不是股市走向或经济前景。

5.When buying stocks, search for bargains among quality stocks. Determining quality in a stock is like reviewing a restaurant. You don't expect it to be 100% perfect, but before it gets three or four stars you want it to be superior.

5.买股票的时候，在优质股票中探寻特价的。确定股票的品质就像考察餐厅一样。你不会指望它百分之百的完美，但在它达到三星或四星的评定行之前你会期望它表现好。

6.Buy low. So simple in concept. So difficult in execution. When prices are high, a lot of investors^{3 are buying a lot of stocks. Prices are low when demand is low. Investors have pulled back, people are discouraged and pessimistic. But if you buy the same securities everyone else is buying, you will have the same results as everyone else. By definition, you cannot outperform the market.}

6.底价买入。理论上很简单，但实行起来却这样之难。当价格非常高时，一群投资者购买很多的股票。当需要降低价格降低时，投资者们撤退了，大家变得胆小又悲观。但假如你和别的人买同样的股票，你只能和别的人得到同样的结果。根据大家的原则2，你不可以领先市场。

7.There's no free lunch. Never invest on sentiment. Never invest solely^{4 on a tip. You would be surprised how many investors do exactly this. Unfortunately there is something compelling about a tip. Its very nature suggests inside information, a way to turn a fast profit.}

7.天底下没不收费的午餐。别听信空穴来风。不要在小道消息上孤注一掷。你如果了解有多少投资者这么干或许会惊讶的。不幸的是小道消息总有点煽动性。它们很自然的暗示有内部消息可以迅速取得收益。