The most touching thing today is this picture——

The hardest thing in investment is not forecasting, but being honest about knowledge.

- You need to be clear about what you truly understand; this is your zone of competence.
- You need to be clear about what you do not understand; this is your baseline for avoiding risks.
- You need to be clear about which things, even if you know them, are of no help to the outcome; this is the trade-off for maintaining your focus.
- The most crucial thing is to acknowledge that there are always areas that you don't know you don't know; that is the greatest destructive power that the market can wield against a person.

Many people lose money not because they don't understand, but because they think they understand, and then lose all their profits, even their principal!

The cruel thing about the market is that it can present you with a blind spot bill at any time, forcing you to pay the price of ignorance with real money.

True investment wisdom lies in continuously expanding boundaries while always maintaining a sense of humility.

Don't underestimate any penny, and don't underestimate anyone who has made money, no matter how they earned it!