The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. I don’t even know anybody who knows anybody who has done it successfully and consistently.
敲响钟声表明投资者何时应该进入或退出市场的想法根本不可信。在这个行业工作了近50年之后,我不知道有谁能成功和始终如一地做到这一点。我什至不认识任何成功和始终如一地做到这一点的人。
Financial regulation should balance innovation and stability.
每只动物都应得到人道对待——这不仅关乎道德,也是良好的商业实践。
Tolerance is the liberation of the soul.
The only real voyage of discovery consists not in seeking new landscapes, but in having new eyes.