Simplicity does not precede complexity, but follows it.
市场是一个永远在不可持续的乐观(使股票过于昂贵)和不合理的悲观(使股票过于便宜)之间摇摆的钟摆。聪明的投资者是现实主义者,他们向乐观主义者出售并从悲观主义者那里购买。
We act as though comfort and luxury were the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about.