道德经 第四十四章 不殆长久

名与身孰亲
身与货孰多
得与亡孰病

是故
甚爱必大费
多藏必厚亡

知足不辱
知止不殆
可以长久

[Translation]

Reputation or character, which is more intimate?
Character or prosperity, which is more supplementary?
Achievement or failure, which is more inferior?

Therefore,
Great love can carry enormous expenses.
Extraordinary reserve can bring deep losses.

Knowing enough is enough can be without humiliation.
Knowing when to stop can be without vulnerability.
Then it will last long.

[notes]

This chapter can be very critical for investors. Sometimes, one can fall in love with a few great stocks. At other times, one can be carried away when loading up extraordinary cheap stocks. Both cases are not long-lasting ways of investing. At the end, both cases can be proven very costly.

[注]

甚爱必大费；多藏必厚亡。这两句对炒股极其重要。对好股票的钟情之甚爱，或者对低价股票的尽情吸纳之多蔵，都非好事。