Active management strategies fail to produce superior returns after fees.

"War doesn’t end when the fighting stops; its echoes linger for generations."

化学中最重要的工具不是烧杯或光谱仪，而是想象力。

"Memory is a strange thing. It doesn't work as I thought it did. We are so foolishly constructed that we go through life arm in arm with our earliest memories, thinking they are the most recent."

在我们这个行业取得成功，既需要卓越的科学能力，也需要商业智慧。

父亲不慈爱，子女就不会孝顺；兄长不友爱，弟弟就不会恭敬；丈夫不仁义，妻子就不会顺从。