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这份备忘录有点复盘性质,作者将23年来的备忘录稍作梳理,列举出众多“老生常谈”但周期性发生的主题。本期开始,专栏将连续三期刊载第一个主题:“有关风险取向的周期”。首期内容重点作者是就周期和风险中的偏颇之见展开评述。
The memo has a somewhat complex nature. The author sorts the 23-year memorandum out to cite a number of “clichés” but recurring themes. Beginning of this issue, the column will cover the first of three consecutive topics: “The cycle of risk orientation”. The lead author of the first issue is commenting on biased beliefs about cycles and risks.