Exile is strangely compelling to think about but terrible to experience.
The truth doesn’t set you free, it just makes you see the chains.
政策规则优于自由裁量,因为它们避免了时间不一致性问题。
The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.