But that's the sort of the thing we do and it's coupon clipping and it's risk mitigation or risk elimination--fairly short.

但这似乎就是我们正在做的事情,那就是定期得到收益,同时也是风险弱化或者风险消除-的确很短。

耶鲁公开课 - 金融市场课程节选

We try to be--I think investing is about clipping coupons, about getting cash flow and getting and controlling cash flow, but there are good resellers.

我们试图-我认为投资就是关于获得票息，关于得到现金流,和控制现金流，但是我们也有好的经销商。

耶鲁公开课 - 金融市场课程节选

it's clipping coupons and he describes his job as figuring out what the coupon is in an equity and if it's high enough he likes it.

就是获得票息,他形容自己的工作就是,发现在股票中的“票息“是什么,以及“票息“是否能够高到让他满意。

耶鲁公开课 - 金融市场课程节选

Some of them have some of the coupons clipped and then they stop and you know that it was bad news when they stopped clipping them.

一些息票被剪下来并兑现了,而随即又停止,当他们停止剪票,这可是坏消息

耶鲁公开课 - 金融市场课程节选

The first sort of principle to me is clipping coupons.

我的第一个原则就是定期获得收益。

耶鲁公开课 - 金融市场课程节选

That's coupon clipping and risk mitigation.

这就是定期获得收益和风险规避。

耶鲁公开课 - 金融市场课程节选

So, that was called coupon clipping.

所以，这被称为票息剪券。

耶鲁公开课 - 金融市场课程节选

he says, all investing is about coupon clipping and the difference between equities and bonds are that bonds come with a coupon that's known and equities have earnings in the future that you don't know.

他说，所有的投资都是关于票息剪券的,股票和债券的区别是,债券有确定的票息,而股票的收益发生在未来,你是无法确定的。

耶鲁公开课 - 金融市场课程节选

I used to have up here a page--I used to take- instead of Treasury Direct, which is a website, I used to get a clipping from The Wall Street Journal that showed much the same information that you see on this chart.

我以前有个幻灯片,不同于现在的"国库指南"网站,我过去用的是《华尔街日报》的剪报,上面是和这表上几乎相同的内容

耶鲁公开课 - 金融市场课程节选