I think track records are very important. If you start early trying to have a perfect one in some simple thing like honesty， you’re well on your way to success in this world.
我认为过去的成绩非常重要。如果你从早就开始努力在一些简单的事情上，比如诚实，拥有一个完美的记录，你就已经在这个世界上走上了成功的道路。
The very shaping of history now outpaces the ability of men to orient themselves in accordance with cherished values. And which values? Even when they do not panic, men often sense that older ways of feeling and thinking have collapsed and that newer beginnings are ambiguous to the point of moral stasis.
We are all responsible for the world we have created, and therefore we must work together to change it.
The essence of investment management is the management of risks, not the management of returns.