The pink line here is the efficient portfolio frontier when we have only stocks and bonds to invest.

这条粉色曲线就是有效边界,这个投资组合只包括了股票和债券。

耶鲁公开课 - 金融市场课程节选

In my diagram, I said that the tangency portfolio-- I estimated that the tangency portfolio is 9% oil, 27% stocks, and 64% bonds.

在我的曲线图里我有提到切线资产组合-,我估算出切线资产组合是9%的石油，27%的股票和64%的债券。

耶鲁公开课 - 金融市场课程节选

I can try other portfolios; this one right here--I'm pointing to a point on the pink line-- that point right there, 50% stocks, 50% bonds.

还可以尝试其它组合;,这一点，粉色曲线上我指的这一点-,表示50%的股票，50%的债券。

耶鲁公开课 - 金融市场课程节选

I'm not going to tell you what you want to do except to say, you would never pick a point below the minimum variance portfolio, right?

我不是教你怎样去组合，当然了，你不会选择一个,曲线上最小方差点以下的资产组合，对吧？

耶鲁公开课 - 金融市场课程节选