The only freedom which deserves the name is that of pursuing our own good in our way， so long as we do not attempt to deprive others of theirs or impede their efforts to obtain it.

The bond market is the ultimate gauge of market psychology.

如果你不固执，就会过早放弃试验。如果你不灵活，就会头撞南墙，而无法另辟蹊径解决当下难题。

从非工作状态到工作状态的最佳性能改进。

市场设计是一个持续的实验——今天有效的明天可能就需要调整。