It will also tell you how easy it is to do just that. Simply buy the entire stock market. Then, once you have bought your stocks, get out of the casino and stay out. Just hold the market portfolio forever. And that’s what the index fund does. This investment philosophy is not only simple and elegant. The arithmetic on which it is based is irrefutable. But it is not easy to follow its discipline.
它还会告诉你做到这一点是多么容易。只需购买整个股票市场。然后，一旦你买了股票，就离开赌场，留在外面。只要永远持有市场投资组合。这就是指数基金所做的。这种投资理念不仅简单而优雅。它所依据的算术是无可辩驳的。但要遵循它的纪律并不容易。
活着是世界上最罕见的事情。大多数人只是存在，仅此而已。
真相很少是纯粹的，也从来不是简单的。
The reward of a thing well done is to have done it.
布莱克-斯科尔斯公式的美妙之处在于它仅依赖于一个不可观测的参数，即股票的波动率。
