• The long-term fiscal challenge is largely a product of promises in our entitlement programs, medicare, medicate and social security that we have made the future generations that we cannot afford to keep.

    长期财政挑战很大一部分原因,是我们承诺了很多津贴项目,我们承诺给下一代的,医疗保险和社会保险,而现在我们又没法兑现。

    普林斯顿公开课 - 国际座谈会课程节选

  • If security selection is a zero-sum game, the amount by which the winner wins equals the amount by which the loser loses -winners and losers being defined by performance after a security selection that has been made -well, that sounds like a zero-sum game.

    如果证券选择是一个零和博弈,赢方赚得的金额,等于输方赔付的金额,谁赢谁输取决于,双方投资在证券选择后的表现,这听起来确实像个零和博弈

    耶鲁公开课 - 金融市场课程节选

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