The market is efficient enough that most investors will not outperform it.
市场足够有效,以至于大多数投资者无法超越它。
You have to believe in yourself when no one else does.
The key to performance is elegance, not battalions of special cases.
故事是一台用来思考的机器。
资本资产定价模型(CAPM)是理解风险-回报权衡的有用工具,但它远非完美。