A well-designed deposit insurance system can prevent bank runs without creating excessive moral hazard.
设计良好的存款保险制度可以防止银行挤兑,同时不会造成过度的道德风险。
心智是一套信息处理机器,它们由自然选择设计来解决我们狩猎采集祖先面临的适应性问题。
The worst way to miss someone is to be sitting right beside them knowing you can‘t have them。
The best investments are often the ones that are the most boring.
最好的领导者是那些倾听多于说话的人。
Strategy execution is more important than strategy formulation.