A well-designed deposit insurance system can prevent bank runs without creating excessive moral hazard.

可持续发展不是成本，而是我们一生中最大的创新机会。

You can't get to the top by being nice.

Innovation in fisheries management is key to balancing economic needs with environmental protection.

We search through historical data looking for anomalous patterns that we would not expect to occur at random. Our scheme is to analyze data and markets to test for statistical significance and consistency over time. Once we find one， we test it for statistical significance and consistency over time. After we determine its validity， weask， ‘Does this correspond to some aspect of behavior that seems reasonable？’

渔业中最危险的神话是总会有更多的鱼。

许多人会称我为冒险家，我确实是……只是另一种冒险家：一个用生命去证明真理的人。

每个人都讨论我的艺术并假装理解，好像理解是必要的，而其实只需要去爱。