约翰·博格尔：投资成功的公式

1、长期拥有整个市场是赢家游戏，试图战胜市场是输家游戏。
Owning the entire market for the long term is a winner's game. Trying to beat the market is a loser's game.

2、投资成功的公式：通过指数基金拥有整个股市，然后什么都不做，坚持到底。
The formula for investment success: Own the entire stock market through an index fund, then do nothing and stay the course.

3、投资是关于信念的行为，是推迟当下消费、换取未来收益的意愿。
Investing is an act of faith: the willingness to defer present consumption in exchange for future returns.

4、投资不是比谁更聪明，而是比谁更理性、更自律。
Investing is not about who is smarter, but about who is more rational and more disciplined.

5、别做赌徒，要做企业的长期拥有者。
Don't be a gambler; be a long-term owner of businesses.

6、简单的策略长期会打败复杂的策略。
Simple strategies beat complex strategies in the long run.

7、虽然你无法预测风向，但可以调整风帆。
You can't predict the wind, but you can adjust your sails.

8、今天的大赢家很可能是明天的输家。不要盲目追逐过去的业绩。
Today's big winner can easily be tomorrow's loser. Don't blindly chase past performance.

9、不要打上一场战争，很多为了对抗通胀而设计的基金，在通胀消失后表现惨淡。不要因为过去几年发生了什么就以为未来也会那样。
Don't fight the last war. Many funds designed to fight inflation performed poorly after inflation disappeared. Don't assume that just because something happened in the past few years, it will happen in the future.

10、风险无法逃避，即使你把钱存在储蓄账户里，你也在通过通货膨胀承担风险。既然总有风险，不如承担股票市场的风险，因为长期来看回报更高。
You cannot avoid risk. Even when you put money in a savings account, you are taking risk through inflation. Since risk is always present, you might as well take on stock market risk, because the long-term returns are higher.

以上内容为约翰·博格尔语录整理
由数字人约翰·博格尔播报
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