Markets fail when information is asymmetric or incentives are misaligned.
当信息不对称或激励不一致时，市场就会失灵。
"Every book is a journey, and every journey changes us."
Simplicity is not the goal. It is the by-product of a good idea.
"The truth is rarely pure and never simple."
The key to successful investing is to have a long-term horizon.
The Internet is a platform for innovation, but it also requires responsible use.