投资大师教你如何买股票

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，在优质股票中寻找特价的。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希望它表现良好。

6.Buy low. So simple in concept. So difficult in execution. When prices are high, a lot of investors 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.低价买入。理论上非常简单，但执行起来却如此之难。当价格很高时，一群投资者购买大量的股票。当需求减少价格下降时，投资者们撤退了，人们变得胆小又悲观。但如果你和其他人买同样的股票，你只能和其他人得到同样的结果。按照我们的原则2，你不能领先市场。

7.There's no free lunch. Never invest on sentiment. Never invest solely 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.天底下没有免费的午餐。别听信空穴来风。不要在小道消息上孤注一掷。你要是知道有多少投资者这么干可能会惊讶的。不幸的是小道消息总有点煽动性。它们非常自然的暗示有内部消息可以快速赢得利润。