All the groups that stand to win or lose from it are all figuring out what it does to them and they're taking the positions out of self-interest So, I wanted to write something that was more perspicacious if I could manage that.

所有人无论赞同或者不赞同这个改革,都试图搞清楚这个改革对他们将有什么影响,从自身利益来讲，想搞清楚他们究竟能得到什么,所以，如果我可以的话,我更希望我能写一些独具慧眼的东西。

耶鲁公开课 - 金融市场课程节选

As a matter of fact,if things were perfectly efficiently priced, there wouldn't be any opportunity to generate excess returns and if you make active bets--if you make bets against the market -then whether you win or lose has to do with luck.

事实上,如果资产都是有效定价的,那么根本不可能获得任何超额收益,如果你主动一搏,要从市场中获利,那么无论得失都只能靠运气了

耶鲁公开课 - 金融市场课程节选