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During periods of extreme fear or greed, you don't have the proper balance between those two to generate market efficiency and you get extremes in behavior.

  • -- Andrew Lo 罗德城

在极度恐惧或贪婪的时期，你无法在这两者之间找到恰当的平衡来产生市场效率，你的行为会走向极端。

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Greed Two

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Its easy to view politicians as corrupt and voting essentially an act of picking the lesser of two evils. I understand that perspective and feel it's valid.

人们很容易认为政客腐败，投票实质上是两害相权取其轻。我理解这种观点，觉得它是正确的。

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Rulers do not reduce taxes to be kind. Expediency and greed create high taxation, and normally it takes an impending catastrophe to bring it down.

统治者减税并不是为了仁慈。权宜之计和贪婪造成了高税收，通常需要一场迫在眉睫的灾难才能把它降下来。

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It takes one person to forgive, it takes two people to be reunited.

需要一个人的原谅，需要两个人的团聚。

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To greed, all nature is insufficient.

对于贪婪，所有的天性都是不够的。

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