• Small-cap stocks are tougher to price than large-cap stocks, so there's a 4.7% differential, first to third quartile.

    小盘股比大盘股更难定价,第一和第三个四分位数的差距有4.7%

    耶鲁公开课 - 金融市场课程节选

  • At some point, when your dollars were turning into dimes, you'd say, forget this, this is ridiculous, it doesn't make any sense for me to own these risky small-cap stocks.

    当一块钱变成一毛钱,你会说,得了吧,这太荒谬,持有这些高风险的小盘股,对我而言没什么好处

    耶鲁公开课 - 金融市场课程节选

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