We made a big bet against Internet stocks in 1999 and 2000 that was very profitable for the University.
999年和2000年我们大幅做空互联网股票,为学校赚得了很多利润
and it's a brilliant program and for the cost of the school. It's so cheap.
那是个非常棒的项目,能够为学校节省成本。很便宜。
And the third explicate purpose, I think we probably all agree with, is that school environment creates a situation where students can learn together, where they can learn from each other, so it creates a community of learners.
我想第三个表面目标,大家可能都会赞同,就是学校,为学生营造了一个,共同相互学习的场所,即创造了学习者共同体。
The equity orientation drove the returns but the diversification allowed us to deliver those returns in a stable fashion, which is incredibly important for an institution like Yale that requires a steady supply of funds to finance its operations.
股票导向型投资会推动收益率上升,但多元化能让收益更平稳,这对于耶鲁这样的机构极为重要,因为它需要稳定的资金供给,为学校运营提供财务支持
I asked each of them to bring a book that had informed that question for them, inside or outside of the classroom that they had read or what in Princeton.
我让他们每人带一本书来,这本书该为他们提供了对这个问题的提示,只要是他们在学校里课堂内外读过的都行。
For those of you who aren't familiar with this, we split up the user base by what school they go to and we make it so that people at a given school can only see the profiles and contact information of people at their school.
对此有些人可能不大了解,我们以学校为标准将用户分组,只有在同一所学校的学生,才能够相互浏览,个人资料和联系方式。
so we try and make public school systems better for children in Providence.
所以,我们希望能改善公立学校的体系,让其更好地为普罗维登斯的孩子们服务。
Things like programs for schools is what my friend's doing at the moment,
像是为学校做的那些项目,是我朋友现在在做的,
So they do... the school does a program for you,
他们……也就是学校为我们准备了这样的项目,
And it's for a lot of business executives
这是为很多商业经理人开办的学校
Yale also has an art collection, which is worth many billions, but we don't count that as part of the endowment because they will never sell it so it doesn't provide income for us.
耶鲁还有一些艺术藏品,价值好几亿美元,但我们并不把它作为基金的一部分,因为学校不会卖掉它们,所以它不会为学校提供任何收入
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