作者：一诚投资

后一句歌词的翻译值得商榷。我理解的原意：傻瓜们只会给出（参与）的各种理由，而聪明人根本不参与（市场的癫狂）。至于如何翻译的更加“信达雅”，请笔者自行斟酌

引用：

巴菲特致股东的信原文精读Day294：
原文：Berkshire will someday have opportunities to deploy major amounts of cash in equity markets —we are confident of that. But, as the song goes, “Who knows where or when?” Meanwhile, if anyone starts explaining to you what is going o...