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It's really the difference between perseverance in my case, and genius-- pure, unadulterated genius-- in the case of Chopin.
这真是差距,勤奋的普通人,比如我,和天才,浑然天成的天才,比如肖邦,之间的差距
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especially if it's a language that's not like your own, like Russian is very different from English,
尤其是当这门外语和你的母语相差很大，例如，俄罗斯语和英语的差距就很大。
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So, sometimes people get confused when they're solving problems and call the amplitude this distance all the way from the max to the min but it's only half of that because we're only going back to the average level.
解题的时候会弄错，把这个从,最大值到最小值的距离,叫做幅值，但实际上,只有它的一半,只是它和平均值的差距。
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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
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Second, the historical prologue bridges the gap between generations.
第二点，这段历史旁白缩小了不同是代际之间的差距。
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They are little away from perfect.
还有一定的差距。
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At the same time, of course, as wealth grows, the inequality in wealth grows too.
同时,当然,财富增长,贫富差距也在不断拉大
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The differences in wealth among their citizens were relatively small.
在城邦中,市民贫富差距,相对较小
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What do you think we should do to eliminate inequalities between poor and rich people?
你觉得我们应该做点什么，来消除穷人和富人之间的差距呢？
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So there's a wedge there between the concept of reading and the concept of interpretation.
因此在阅读这个概念和诠释这个概念中,存在一定的差距。
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And since then there been at least 2 iterations of further stop gap measures, first European community adopted and then American are doing much the training.
至少有两次想要控制差距的措施，一个是欧盟采用的,然后美国也在作相似的训练工作。
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And the electrical energy is the product of the charge on the electron times the voltage which is the potential difference through which the electron was accelerated. And so this allows me to, by increasing the voltage, increase the energy on the electron.
电子能量是电子上的电荷数,乘以电压的结果,这是种内在的差距,通过它电子运动得以加速，这也让我，通过增强电压，来增加电子能量。
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and that it widens the gap between the rich and the poor.
扩大了贫富差距。
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but there's also that huge, I think discrepancy.
占很大一部分，我认为贫富差距很大。
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For several reasons, there's a big disparity,
原因有很多，很大的差距是一个原因，
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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%
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Someone might also say, you know a little inequality, even a substantial inequality, is not so bad as long as nobody is really suffering.
有些人也可能会说，微小的贫富差距，甚至显著的贫富差距存在，只要没人觉得痛苦就行了。
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It almost makes you wonder whether this diversification thing makes any sense.
这种差距会让你怀疑,分散投资是否有意义
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Well, I think he would say inequality-- hardship would be reduced.
我想他也许会说-,这能消除不公，缩小贫富差距。
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It's getting better year by year and the course of finance over your lifetime will be dramatic, so the financial institutions that we have ten years from now will look very different from the ones we have now.
年复一年,金融技术越来越出色,而在你们的有生之年,金融学的课题,都将引人注目,正因为此,和今天的金融机构相比,十年后的金融机构,会有着巨大的差距
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Maybe on average institutions lose thirty basis points, but it's kind of Lake Wobegon, where we all believe that we're better than average, so we're going to overcome that thirty basis points -that's not such a big hurdle.
可能平均每个机构都会落后30个基点,这就有点像沃比冈湖效应,大家都觉得自己能高过市场平均水平,30个基点会赶上的,不算什么大的差距
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Of course, in the venture capital world, the least efficiently priced of all, there's a 43.2% differential between the top quartile and the bottom quartile.
当然在最无法有效定价的风险投资领域,第一和第三个四分位数之间的差距,可以达到43.2%
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The hedge fund world is 7.1% first to third quartile, real estate 9.3% per annum, leveraged buyouts 13.7% per annum this is over a ten-year period, so now we're starting to talk about some pretty significant dispersion.
在对冲基金中,这个差距有7.1%,不动产投资中的差距是9.3%,杠杆收购中是每年13.7%,以上都是十年期收益,我们现在谈的是,一些显著的差距
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But if you look at the tech fund category, the difference between the dollar-weighted and the time-weighted returns--this is over a ten-year period -is 13.4% per annum; that's stunning.
但是如果你关注科技投资基金,十年间,货币加权回报率,和时间加权回报率间的差距,是每年13.4%,这是非常夸张的
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