们有时说，要做个智慧投资者，就必须不被情绪所左右。
It is sometimes said that to be an intelligent investor, you must be unemotional.
60年前的1949年5月25日，这位金融分析的始祖出版了他的《智慧投资者》(The Intelligent Investor)一书，本专栏也是为了向这本书致敬而得名的。
Sixty years ago, on May 25, 1949, the founder of financial analysis published his book, 'the Intelligent Investor,' in whose honor this column is named.
金融分析和投资者集体智慧的最热心倡导者如今有了新的认识：市场并不总是理性的。
A new realisation has dawned among the most fervent advocates of financial analysis and collective investor wisdom: markets are not always rational.
伯克希尔-哈撒伟的年报包含一封密切观察的“至投资者的信”，该信由巴菲特亲自操刀，并被人们认为是质朴智慧与独到市场见解的结晶。
Berkshire Hathaway's annual report contains a closely observed "letter to shareholders", written by Buffett, which is a mixture of homespun wisdom and market savvy.
这些智慧的格言，出自公元前六世纪的中国哲学家老子，可以给公元21世纪的亚洲股票投资者提供有用的指导。
These wise words, written by the Chinese philosopher Lao-tzu in the sixth century BC, can provide useful guidance for Asian equity investors in the 21st century AD.
中国酒店职业经理人论坛旨在为酒店投资者、业主、酒店管理者及众多业界同仁提供最新的酒店智慧！
The aim of the CHPEF is to provide up-to-date wisdom and suggestions in hotel for hotel investors, owners, hotel managers and all colleagues.
如我们以前博客中讨论的，塞思·卡拉曼是我们最喜爱的投资者，我们希望用他的智慧和“卡拉曼语录”对读者给予启发。
As discussed previously on this blog, Seth Klarman is arguably our favorite investor and we hope to enlighten readers with some of his wisdom and "Klarman quotes."
如我们以前博客中讨论的，塞思·卡拉曼是我们最喜爱的投资者，我们希望用他的智慧和“卡拉曼语录”对读者给予启发。
As discussed previously on this blog, Seth Klarman is arguably our favorite investor and we hope to enlighten readers with some of his wisdom and "Klarman quotes."
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