That's the lesson of efficient markets.

这就是有效市场的结论
I don't think the lesson is that you can't--

我不认为结论在于你不能...
it's impossible for anyone no matter how smart to beat the market.

不管是多聪明的人都不能胜过市场
Now of course, Albert Einstein

当然了阿尔伯特·爱因斯坦
never made any money in the stock market.

没能在股票市场上一试身手
In fact, TIAA-CREF, the pension fund, had an ad campaign

事实上美国教师退休基金会有个广告
in which they pointed that Albert Einstein left all of his pension

说阿尔伯特·爱因斯坦将自己的退休金
investing to TIAA-CREF.

都投给了美国教室退休基金会
He was a professor and they're a pension fund for professors.

他曾任教授基金会是为教授们开办的
Einstein didn't think he could beat the market

爱因斯坦觉得自己胜不过市场
and Mr. Schwarzman very candidly pointed out that

施瓦茨曼先生也非常直率的指出
he didn't have the greatest math scores.

他自己的数学成绩并不好