Market efficiency does not mean that prices are always right, but that they are impossible to predict consistently.
市场效率并不意味着价格总是正确的,而是意味着价格不可能被一致预测。
人们并不愚蠢。他们知道如何从观察到的事物中推断出结论。
I think we have been through a period where too many people have been given to understand that if they have a problem, it's the government's job to cope with it. 'I have a problem, I'll get a grant.' 'I'm homeless, the government must house me.' They're casting their problem on society. And, you know, there is no such thing as society. There are individual men and women, and there are families. And no government can do anything except through people, and people must look to themselves first. It's our duty to look after ourselves and then, also to look after our neighbour. People have got the entitlements too much in mind, without the obligations.
I believe in the power of perseverance.
"To write is to breathe, and to breathe is to live."
只有在以某种有价值的东西做目的时,性命才有价值。
In a world filled with hate, we must still dare to hope. In a world filled with anger, we must still dare to comfort. In a world filled with despair, we must still dare to dream. And in a world filled with distrust, we must still dare to believe.