《蝙蝠侠》可能战无不胜，但股权投资者仍应提防着《小丑》。

Batman may win every hand, but equity investors should still fear the Joker.

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股权投资者现在都十分谨慎。

Equity investors are running scared.

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但股权投资者担心官方刹车过猛，导致紧缩性减速，有碍企业利润。

But equity investors worry that officials will apply the brakes too hard, causing a crunching slowdown and hurting corporate profits.

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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

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