The essence of investment management is the management of risks, not the management of returns.
Every time we teach a child something, we keep him from inventing it himself.
一纸文凭不见得就可以造就一个人,正如同牢狱生涯也不见得会打垮每一个人。
大国政治的悲剧在于,即使是善意的国家也被迫采取可能导致冲突和战争的行为。