"Memory is a strange thing, it doesn't work like I thought it did. We are so used to thinking of it as a camera or a tape recorder, but it's not like that at all. It's more like a painter, who adds and subtracts elements according to his own rules."

When you have eliminated the impossible, whatever remains, however improbable, must be the truth.

资本资产定价模型并非旨在成为资本市场的实证均衡理论，而是一种规范性理论，描述如果投资者以某种方式行事，价格应如何表现。