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The only way to beat the competition is to stop trying to beat the competition.
战胜竞争对手的唯一方法,就是停止试图战胜竞争对手。
The goal is not just to design a market, but to design one that works well in practice.
"It is worth living for, to find out what is true."
它还会告诉你做到这一点是多么容易。只需购买整个股票市场。然后,一旦你买了股票,就离开赌场,留在外面。只要永远持有市场投资组合。这就是指数基金所做的。这种投资理念不仅简单而优雅。它所依据的算术是无可辩驳的。但要遵循它的纪律并不容易。