The biggest risk in investing is not market risk, but the risk of not being able to meet your financial goals.
投资中最大的风险不是市场风险,而是无法实现财务目标的风险。
如果不创立教育,没有老师传授学业,这样那些原本没有废弃的人才,也会被废弃了。
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。
Inflation is a very bold idea, but it seems to be the only way to explain the observed features of the universe.
引用沙皇亚历山大三世的名言并多次公开重申
We don't try to outsmart the market; we try to understand it.