In Unconventional Success, I did a study of individual behavior in their mutual fund purchases and sales around the collapse of the Internet bubble in March of 2000.

在这本书里,我对2000年3月,网络股暴跌时,共同基金购买,和销售中的个体行为做了研究

耶鲁公开课 - 金融市场课程节选

That's a brilliant market timing device that-- I think enlightened people thought that those prices were getting high-- and also made some play on credit spreads and now on real estate, he said.

这个决策的市场时机非常正确,有见识的人都觉得,那时网络股的价格太高了,他们也参与了信用利差交易,现在又转向了房地产

耶鲁公开课 - 金融市场课程节选