I call it the universal principle of risk management pooling and the hedging of risk.

我称之为，风险管理的普遍原则，风险汇聚和风险对冲。

youdao

The principles of insurance — the fundamental powerhouse — is the principle of risk pooling.

保险的原理，其基本的动力…是风险汇聚原理。

youdao

That's what, in principle, we can do and what I think is the most important concept in finance — this concept of risk pooling.

原则上，这就是我们能做的，我认为这也是金融业最重要的概念，即风险汇聚及分摊。

youdao

I call it the universal principle of risk management pooling and the hedging of risk.

我称之为,风险管理的普遍原则,风险汇聚和风险对冲

耶鲁公开课 - 金融市场课程节选

The principles of insurance-- the fundamental powerhouse--is the principle of risk pooling.

保险的原理,其基本的动力...是风险汇聚原理

耶鲁公开课 - 金融市场课程节选