Risk management isn't about avoiding risks—it's about understanding and mitigating them.

开放的社会、对知识的无限制获取、人们为推进知识而进行的无计划和无拘束的联合——这些可能使一个庞大、复杂、不断增长、日益专业化和技术化的世界，仍然是一个人类共同体的世界。

种一棵树最好的时间是20年前，第二好的时间就是现在。

Investors should focus on what they can control: costs, diversification, and time horizon.