Just by putting money into a broadly diversified portfolio of stocks you would have gotten 3,077 times your money.

仅仅将钱投资于,一个多样化的普通股组合,你就会获得本金的3077倍

耶鲁公开课 - 金融市场课程节选

That requires a theory of capital and they're going to have to invest the reserves in financial assets.

这需要借助于资本理论,并且还要将储备资金,投资于金融资产。

耶鲁公开课 - 金融市场课程节选

Suppose you step out in the risk spectrum and put a dollar into the bond market.

假设你愿承担更多风险,将一美元投资于债券市场

耶鲁公开课 - 金融市场课程节选

You have half of your assets in one single asset class: U.S. Common stocks.

你将半数资产,投资于单一类别,美国普通股

耶鲁公开课 - 金融市场课程节选

If you would have stepped further out of the risk spectrum and put your money into a portfolio of small stocks you would have gotten 15,922 times your money.

如果你愿承担更多的风险,将钱投资于小盘股组合,你就能获得本金的15922倍

耶鲁公开课 - 金融市场课程节选

You get nineteen times your money over eighty-one years, but then if you take into account the inflation consumes a multiple of eleven and you're an institution like Yale that consumes only after inflation returns, putting your money into treasury bills really didn't get you very much.

1年后你的钱翻了19倍,但是如果考虑通货膨胀,在此期间侵蚀了11倍的收益,而且如果你是像耶鲁这样,减去通货膨胀调整到实际回报后再论支出,那么将钱投资于短期国库券,不会让你赚得多

耶鲁公开课 - 金融市场课程节选