• It doesn't work so easily to share with those people along the lines that these communities--I think these communes tend to emphasize a social compact, a feeling for each other, a caring for each other, which is a lovely thought but it doesn't achieve risk management on a big scale.

    但要实现跟满足这些条件的人分摊风险,绝非易事,这些共同体。。。我指这些公社,倾向于强调一种社会凝聚力,一种人与人的深情和关怀,这个想法听上去很美,但无法实现大规模有成效的风险管理。

    耶鲁公开课 - 金融市场课程节选

  • 0 So on a scale of 1 to 10, how big a mistake was it that they let Lehman go?

    那么假定从1到,让雷曼兄弟破产的决定是多大的错误?

    斯坦福公开课 - 经济学课程节选

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