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You can’t beat the market because it’s smarter than you are. Intellectually, the only task is trying to determine what the market is telling you.

  • -- Robert L. Bartley 罗伯特L.巴特利

你无法打败市场，因为它比你聪明。理智上，唯一的任务是试图确定市场告诉你什么。

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Market

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When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market. That's how it works.

当你看大宗商品市场时，你需要对冲者和投机者。如果你没有，你就没有市场。这就是它的工作原理。

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But I think we need the international market.

但我认为我们需要国际市场。

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