Governments and major lenders like the World Bank and the International Monetary Fund turned to free market policies.

VOA: special.2010.03.23

All of a sudden the underperforming fund's record disappears and the assets are in a fund that has a better record -a record that you can actually market.

于是运作不佳的基金消失了,改头换面以优异基金的形式出现,其优良的记录可以用来做基金销售的依据

耶鲁公开课 - 金融市场课程节选

What most people are doing when they go into a mutual fund is they're trying to find smart people who will beat the market-- who will pick those stocks that will do well.

大多数人投资共同基金,实际是在寻找聪明之辈,来帮助他们获取更高收益率...,来挑选表现最为优异的股票

耶鲁公开课 - 金融市场课程节选

But then I asked another question, do you think trying to pick mutual funds, trying to find a mutual fund that will beat the market is a smart thing to do or not a smart thing to do?

但是接着我又问了另一个问题,你们认为选择共同基金,选择一种强于市场表现的共同基金,是不是明智之举呢

耶鲁公开课 - 金融市场课程节选

It will be about the securities market line, about the beta, about the mutual fund theorem, and it will also be about institutions that we have--about investment companies and their management.

证券市场的风险线,beta系数,共同基金定律,还有当下的一些金融机构,包括投资公司,以及他们的管理

耶鲁公开课 - 金融市场课程节选