来自《耶鲁大学开放课程：金融市场 第9集 第9集》

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  a first edition of Keynes's General Theory.
  他们送了我凯恩斯的《通论》第一版
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  I was coming back to New Haven on the train afterwards
  后来有一次我在坐火车回纽黑文的路上
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  and I came across this quote.
  无意中翻到这么一段话
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  Keynes wrote that, "The idea of wholesale shifts
  凯恩斯写到 向批发转型
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  is for various reasons impracticable and indeed undesirable.
  即行不通也没有需求
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  Most of those who attempt to sell too late and buy too late
  大多数试图晚卖或晚买的人
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  and do both too often, incurring heavy expenses
  或者经常既晚卖又晚买的人会损失惨重
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  and developing too unsettled and speculative state of mind."
  而且变得心神不定还特别喜欢投机
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  He's absolutely right.
  他说的完全正确
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  I wrote my first book--I already talked about that,
  我写的第一本书 我已经提到过了
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  Pioneering Portfolio Management--that deals with the challenges
  《机构投资的创新之路》
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  that face institutional investors.
  讨论了机构投资者所面临的挑战