I write not to explain the world but to understand it.
我写作不是为了解释世界,而是为了理解世界。
监管应侧重于减少挤兑的可能性,而不仅仅是防止破产。
Institutional critique must come from within institutions.
The value of an auction lies not just in the revenue it generates, but in the efficiency of the allocation.
Mathematics is the music of reason.