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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.
衡量你投资成功的最佳方式不是看你是否击败了市场,而是看你是否制定了一个财务计划和行为纪律,这些可能会让你达到你想要的目标。
Language is not just a system of symbols, but a set of practices with social and cultural significance.
The first idea a child gets is the most important one.
The key function of banks is transforming illiquid assets into liquid liabilities.