Now incidentally, that's an interesting question that you bring up, because--should I pay any attention to dividend dates as an investor?

你提出了一个很有趣的问题,投资者应该注意除息日吗

耶鲁公开课 - 金融市场课程节选

What really matters to you as an investor is how much you have to pay today to get $100 in sixty days.

对于一个投资者来说,重要的是,现在你需要支付多少钱,才能在60天后获得100美元

耶鲁公开课 - 金融市场课程节选

But the very, sort of, nature of being an institution constrains almost everybody whether it's, in our case, all our investors have thirty-day liquidity.

但是，投资机构的本质在一定程度上束缚了,它所处市场里的每一个人，在我们的案例中，我们所有的投资者都拥有强大的现金流。

耶鲁公开课 - 金融市场课程节选

Suppose you are a naive investor and you say, okay I'm going to invest in companies' paper, which is their promise to pay --their IOU.

假如你是一个菜鸟投资者,想投资于这些公司的债券,债券就是他们的偿还凭证或者说欠条

耶鲁公开课 - 金融市场课程节选

My first question is, to what extent can investors like us adopt your strategy of buying cheap ? and expecting the value of a company to go up?

第一个问题是，在什么情况下像我们这样的投资者,才能采纳您“低点买入,期待上涨，高价卖出“的策略呢？

耶鲁公开课 - 金融市场课程节选

Well if you're an investor, you don't like variance.

假如你是一个投资者，你不喜欢风险。

耶鲁公开课 - 金融市场课程节选

If you agree with my estimates, then you should do this as an investor, you should hold only some mixture of this tangency portfolio, which is 9% oil, 27% stocks, and 64% bonds.

如果你赞同我的估计值，那么作为一个投资者的话你应该这么做，你应该只持有,符合这个切线投资组合比例的投资，即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

It's a difficult problem that not everyone is smart -they vary in their ability -so we try to make a world in which it's pretty safe for the small investor who's not paying attention.

不是所有人都是聪明人,这是个难题,大家能力不同,所以我们试图营造一个环境,一个让小投资者感到安全的环境,而无需忧心忡忡

耶鲁公开课 - 金融市场课程节选

There's an appendix to one of the chapters in Jeremy Siegel's book where he says that one of the most important applications of this theory is to measure how successful an investor is.

刚才讲的是,杰里米·西格尔书上的附录,他认为这个理论最重要的应用,就是衡量一个投资者的收益

耶鲁公开课 - 金融市场课程节选

This gives rise again to overconfidence among investors.

这也是促使投资者过度自信的一个因素

耶鲁公开课 - 金融市场课程节选