The take-aways are that an equity bias is an absolutely sensible underpinning for investors with long time horizons but that diversification is important.
对于长期投资者来说,股权偏好的存在,是长期投资获利的重要基础,但是分散投资也很重要
Once they have it, and they plant permanent crops, that changes the whole basis of society and the values, and the attitudes that go with it.
一旦他们拥有了土地,他们会栽种长期作物,这就改变了整个社会的物质基础和价值观,以及处理这种问题时的态度
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