主动管理策略在扣除费用后无法产生卓越的回报。
Active management strategies fail to produce superior returns after fees.
"The most important thing is to stay courageous."
一段时间后,我们推出的高使用率的产品会为谷歌和合作伙伴带来显著的收益,就像今天的搜索引擎所做的那样。(这就是为何拉里·佩奇要把谷歌转变为Alphabet。)
The most beautiful things come from the heart.
The best leaders are those who listen more than they speak and learn from everyone around them.