Investors should avoid market timing and stock picking.

出自唐代诗人韦应物《寄李儋元锡》，梁羽生在《大唐游侠传》中引用

秋天已经结束，白昼仍然漫长，王粲（字仲宣）怀念远方的心情更加凄凉

资本资产定价模型（CAPM）是理解风险-回报权衡的有用工具，但它并非对现实的完美描述。

真正的领导力不在于掌控，而在于照顾那些你负责的人。

Civilization is a stream with banks. The stream is sometimes filled with blood from people killing, stealing, shouting and doing the things historians usually record, while on the banks, unnoticed, people build homes, make love, raise children, sing songs, write poetry and even whittle statues. The story of civilization is the story of what happened on the banks.