Any select group of people, no matter how wise and educated, simply cannot replace the wisdom of the market.
任何由人组成的秘密组织,不管他们多么聪明,受到多么良好的教育,也无法取代市场的智慧。
Our “wise guys” are a rotating group of contributors, some of whom wish to remain anonymous and some of whom like the attention.
我们的“聪明人”是一群轮换的志愿者,有些想匿名,有些想被人关注。
The same is true of macro-prudential regulation, the idea that a group of wise men can focus on systemic risk, rather than get bogged down in the details of individual firms' finances.
宏观审慎监控也是一样。一群聪明人的智慧能够专注于系统风险,而非拘泥于个人公司金融的细节之中。
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