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I don't think the housing industry, in general,is a good place to be because of its, sometimes,violent cyclicality.
我认为总的来说住房工业,不是一个好的投资品种,因为它时常有着强烈的周期性
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That means that it's harder to make a market for it, so the dealer wants to charge more.
这意味着,这样的品种市场很小,所以中间商要收取更多的费用
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But we have no problems when it comes to things like breeds of dogs with stereotypes.
我们并不介意,用刻板印象来评判不同品种的狗。
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He points out that the knowledge of how to do this, of how to grow the kind of grapes you want, viticulture, and also arboriculture, both of these, are learned from Asia.
他还指出,要出色地运用这些的知识,关于如何栽培出你要的葡萄品种,如何培植葡萄和架设葡萄藤架,这两项技术都学自亚洲
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That meant that people growing corn were less-- less vulnerable to having things wipe out entire crops because there were different types of crops planted around the world, so the world corn supply would never be threatened by anything.
也就是说只要人们种植玉米,整个粮食体系就不可能那么轻易被摧毁,由于世界各地种植着不同品种的玉米,世界玉米供应不会受到任何影响
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So,70% of the portfolio is in absolute return, real assets,private equity, alternatives--broadly defined.
因此资产的70%分布于绝对收益组合,不动产,私募权益等广泛的投资品种中
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It's even fine to judge breeds of dogs.
评判狗的品种也没问题。
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We call an instrument of the U.S. Treasury with a maturity less than or equal to one year--we call that a bill and they used to be the only discount bonds issued by the U.S. Government.
我们把期限小于或等于一年的,国库券品种称为短期国库券,它们曾是美国政府,唯一发行的贴现债券
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I would be looking at this--at the debt areas Student: You mentioned about the U.S. dollar falling in value recently. What kind of foreign currency vehicles or trading would you recommend to kind of hedge a bet against a dollar assuming that it continues to fall?
我会考虑这方面的投资--债务市场方面的机会,学生：你刚才提到美元,最近贬值的问题，那么哪些品种的外汇金融工具,或者外汇交易在你看来可以用来,对冲美元贬值的风险,如果我们假设美元还会将继续贬值？
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If I told you that I decided to buy a greyhound instead of a pit bull because I wanted a dog of a gentle temperament, nobody would scream that I'm a dog racist involving--and--but honestly, it's a stereotype.
如果我告诉你我决定,买一条灵缇犬，而不是斗牛犬,因为我想要一条温驯的狗，没有人会说我是狗品种主义者,但说实话，这就是刻板印象。
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