-
I mean, hypothetically a bond trading at $.60 on the dollar with an 8% coupon, five-year bond that's yielding about 18%.
我的意思是，假设一种债券以0。60美元进行交易,同时有8%的票息，五年期债券收益率在18%左右。
-
Underlying this analysis, we have estimates of the expected returns on assets, notably, the expected returns on stocks and bonds.
凭借这个分析，我们可以估算出资产预期投资收益，特别是股票和债券的预期收益。
-
We're going to assume that everybody knows the possible strategies everyone else could choose and everyone knows everyone else's payoffs.
我们假设,每个人都知道其他人可能选择的策略,每个人都知道其他人的收益
-
Because it represents foreigners investing in United States and that generates rates of return that effectively can generate that growth.
其实这和外国人在美国投资的道理是一样的,投资带来的收益，是由美国来埋单的,因而，实际上也同样导致了美国债务的增长。
-
If you accept my estimates and you accept the capital asset pricing model, that would have to be true.
如果你同意我的估算,而且认同资本资本资产定价模型，那这种投资组合就会带来最大收益。
-
One more thing, I said they're not independent, so we have to talk about the covariance between the returns.
还有，我说过它们不是相互独立的，因此我们还需要讨论两个收益率的协方差。
-
So again, I'm not claiming these are the only other possible payoffs, but just another possibility to look at.
重申一下,我没说只有这几种可能的收益,这只是其中的一种可能罢了
-
You chose Alpha; I'm assuming these were roughly your payoffs, more or less, you were caring about your grades.
你选择的是α,我想这差不多就是你的收益了吧,你关注自己的成绩
-
It shows the standard deviation of the return on the portfolio as a function of the expected return on the portfolio.
它是投资组合的收益标准差,关于预期收益率的函数图像。
-
Then finally, the final step is to find what is the tangency line that goes through the riskless rate.
在最后，最终的步骤是找出一条,穿过无风险收益率的切线。
-
Then if you fast forward to 2005 and look at the average return that was posted for 2000,it was +1.2%.
如果把时间快进至2005,5年后公报的2000年平均收益,变成了1.2%
-
So Yale had a 28% return on its portfolio last year, which was number one of all college endowments.
去年耶鲁基金获得了28%的收益,收益率高居全美高校榜首
-
The earnings is a measure of the value of the company and typically they've been valued at something like fifteen times earnings.
收益是对公司价值的衡量,一般是以,15乘以收益的形式体现的
-
VAR So, people talk about VAR, value at risk, and lots of people try and build VAR systems.
所以，人们总是讨论，即风险收益，而且有很多人试图建立风险收益系统。
-
I took the second payoff from that matrix and made it the second payoff in this matrix.
那个矩阵里面的第二个收益就是,这次博弈的矩阵里第二个收益
-
Or are you going to manage each individual asset class actively, trying to beat the market and generate risk-adjusted excess returns?
还是积极管理每项资产,力求获得市场水平以上的回报率,以及风险调整后的超额收益
-
sort of takes the cyclicality out of earnings and you can see over history how that multiple has varied.
一定程度上在收益上避免了周期性的,而且你可以看到随着历史的进程,这个倍数发生了多大的变化。
-
Also, we need to know how much individual stocks are correlated with rm; we measure that by the regression coefficient.
我们必须清楚,有多少个股与市场总体收益率相关;,我们用回归系数，即β系数来表示。
-
The difference between the average return for colleges and universities and Yale's returns has added $14.4 billion dollars to the University's coffers.
其他高校的平均收益率,与耶鲁的收益率的差距,为耶鲁财政增加了144亿美元
-
If you looked at the domestic equity return -the average return that was posted in 2000--it was -3.1%.
看看国内证券的收益,2000年公报的平均收益率是负3.1%
-
Once again the row player is the first payoff and the column player is the other payoff.
这次还是第一个收益是我的,另一个收益是我对手的
-
We're going to be talking about these in finance in regards to returns because-- generally the idea here is that we want high returns.
接下来我们讨论它们在金融学中的应用,从收益的角度来说,一般我们都渴望高收益
-
My payoffs are going to be evil-git payoffs, so they come from the matrix up there.
我的收益就是饭桶恶魔的收益,收益和之前的矩阵是一样的
-
Where's the marginal revenue, what's the marginal revenue look like in this picture on the left?
边际收益是什么样子的,左图中的边际收益图像是什么样的
-
It's much easier to figure out my own payoffs than to figure out my opponent's payoffs.
弄清自己的收益总是要比,弄清别人的收益要容易
-
With non-participating--with participating, you are participating in the portfolio outcome that the insurance company is experiencing, so you have some uncertainty about your cash value.
所谓参与式分红保险,是指你的收益来自某个投资组合收益,而这个投资组合是由保险公司来管理的,所以保单的现金价值是不确定的
-
And the second payoff is the column player's payoff, in this case the indignant angel.
第二个收益的是,愤怒天使的收益
-
Everyone see how I constructed that? So just to remind you again, the first payoff is the row player's payoff, in this case the evil git.
大家知道我是怎么做的吧,再说一此,第一个收益是饭桶恶魔的收益
-
The yield-to-maturity on an indexed bond is already in real terms because the coupons are indexed to inflation.
这种债券的到期收益率,就是实际收益率,因为票息已经被通胀指数化了
-
I mean, do you really--you might wonder, aren't people missing something if the excess return is so high of stocks over short-term bonds?
我是指，你们真的。。。你们也会怀疑，这里是不是少了点什么,如果股票收益率高出短期债券收益率那么多？
应用推荐