Builders were doing extremely well until a couple of years ago their stock was soaring--now all of a sudden they're in crisis.

直至前几年建造商们的表现一直非常优异,本来股票大涨,忽然就陷入了危机

耶鲁公开课 - 金融市场课程节选

The '70s were a terrible time to invest in stocks, a bull market had started in 1982.

0年代股票投资一直萎靡不振,牛市在1982年才露端倪

耶鲁公开课 - 金融市场课程节选

You and your partner, Warren Buffett, have for years complained and warned about the dangers ve perceived in the modern derivatives markets, particularly credit derivatives, and also concerns about interest rate swaps, currency swaps, and equity swaps.

你和你的合伙人，沃伦，巴菲特,多年来一直提醒现代衍生品市场中,存在的危险，that，you’,尤其是信用衍生品，利率掉期，货币互换和股票互换。

斯坦福公开课 - 经济学课程节选

The stock market is the best investment for long-term holders who can just buy and hold through the ups and down of the market."

对于那些能在股票市场的跌宕起伏中,一直持股的长线投资者而言,股票市场是最佳的投资

耶鲁公开课 - 金融市场课程节选