The idea is that people don't see this basic risk management problem and they see things in entirely different terms.

该思想的关键在与人们并没有看到,其中本质的基本风险管理问题,而是站在完全不同的角度去看问题。

耶鲁公开课 - 金融市场课程节选

Moral hazard occurs when a risk management institution incentivizes you to do bad behavior-- to show bad behavior.

道德风险产生于,风险管理机构怂恿人们,采用有悖于道德与人性手段。

耶鲁公开课 - 金融市场课程节选

Before becoming President Bush's White House Chief of Staff, he was President Bush's Director of the Office of Management and Bugdet for three years.

在成为小布什的,白宫办公厅主任之前，他是,小布什的管理与预算办公室主任,在那里工作了三年。

普林斯顿公开课 - 国际座谈会课程节选

Restraint or self-control is necessary for freedom or self-government.

克制与自控,是自由的必备条件或自我管理。

耶鲁公开课 - 政治哲学导论课程节选

Before becoming President Bush's White House Chief of Staff, he was President Bush's Director of the Office of Management and Budget for 3 years.

在成为布什总统的,白宫办公厅主任之前，他是布什总统的,白宫管理与预算办公室主任,任期三年。

普林斯顿公开课 - 国际座谈会课程节选

The socialist idea started to lead to a number of experiments in various countries around the world that were pooling risks-- they might not have put it this way.

这种社会主义设想,引发了全世界很多国家,在风险管理上的改制与试行-,他们可能没用“社会主义“这一叫法。

耶鲁公开课 - 金融市场课程节选

They're both based on risk management and pooling of risks.

他们都是基于风险管理与风险汇聚

耶鲁公开课 - 金融市场课程节选

So, Andrew Redleaf bought General Motors bonds, which were selling at a discount because people worry that General Motors wouldn't be able to pay on them, and then he asked to speak to the General Motors management.

安德鲁·莱德利夫买了通用汽车的债券,这个债券是以折扣价购买的,因为人们担心,通用汽无法偿付债券,莱德利夫接着要求,与通用汽车公司的管理层会面

耶鲁公开课 - 金融市场课程节选

And with respect to securities selection, you want to consider your skills and you want to consider the efficiency of markets when you're making your decisions as to whether or not to pursue passive management or active management.

证券选择方面,要考虑自身能力与市场有效性,从而决定,是采用被动型管理,还是主动型管理

耶鲁公开课 - 金融市场课程节选