There were seventeen categories of equity mutual funds and they compared the dollar-weighted to the time-weighted returns.

其中一共是17种股权共同基金,将它们的货币加权回报率,和时间加权回报率进行比较

耶鲁公开课 - 金融市场课程节选

In every one of those seventeen categories, the dollar-weighted returns were less than the time-weighted returns.

发现这17种基金中的每一种,货币加权回报率,都是低于时间加权回报率的

耶鲁公开课 - 金融市场课程节选

It's exactly what we did with the World Bank and the IMF, with the Mashall Plan, with then the Alliance for Progress later, looking at Latin America.

就像当初我们和世界银行以及世界货币基金组织，像我们的马歇尔计划，和之后的进步联盟，再看看拉美。

普林斯顿公开课 - 国际座谈会课程节选

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

耶鲁公开课 - 金融市场课程节选

Well, there's another way to look at returns -those are the dollar-weighted returns -and the dollar-weighted returns actually do a better job of describing the experience of the group of investors that participated in these funds.

还有另一种考察回报率的参数,货币加权回报,货币加权回报实际上,是描述基金参与者收益的,一个更好的指标

耶鲁公开课 - 金融市场课程节选