It is at its worst after retirement ... when you are no longer-- you've exhausted your human capital and you're living off of all the accumulated physical capital.

退休后，到达顶峰,当你不再-,你用尽了你的人力资本,只能以之前积累下来的,有形资本为生。

耶鲁公开课 - 金融市场课程节选