Trading mantras:
1.
Making big money is not about buying and selling, but about waiting.
2.
There are three ways to go bankrupt: drinking, lust, and gambling.
3.
If you can't accept a 50% drawdown, you are doomed to accept mediocre investment performance.
4.
Buying a great company at an average price is much better than buying a mediocre company at a cheap price.
5.
Always remind yourself that the long-term returns of not doing stupid things far outweigh the returns of being smart.
6.
The thing I want to know most is where I will die, and then I will never go there.
7.
Short positions require great courage. I did not achieve what I have today by chasing mediocre opportunities.
8.
Keep a contrarian mindset and look at things from a different perspective.
9.
Getting rich is like rolling a snowball. The best strategy is to stand on a long snowy road and roll for a long time.
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