The greatest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.
最大的投资风险不是价格的波动，而是你是否会遭受资本的永久损失。
I'm not a believer, I'm a skeptic.
The past is what you remember, imagine you remember, convince yourself you remember, or pretend you remember.
Faith has to do with things that are not seen and hope with things that are not at hand.
A good mechanism design aligns individual incentives with social goals.
建筑应该能够激发人们的情感。
The task of economics is not only to interpret phenomena, but also to provide practical advice and policies for society.