价格已经上升(减少预期收益)而且这些非常规的资产越来越和那些常规性的资产相关。
Prices have risen (reducing prospective returns) and exotic assets are more.
多年的低利率和充裕的流动性已经使投资者开始寻求更高收益的资产,即使这可能意味着可能面临更大的风险。
Years of low interest rates and abundant liquidity have led investors to pursue higher-yielding assets, even if that means taking on greater risk.
在金融界中,这是一种重要的观测方法,许多投机性资产的收益,都是服从长尾分布的。
It's a very important observation in finance that returns on a lot of speculative assets have fat-tailed distributions.
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