For any one of those, we could again run an argument where we say, "Look, here is something that needs explaining.

对于以上任意一个,我们都能再次提出一个论证,看啊,这里有某个东西需要解释

耶鲁公开课 - 死亡课程节选

I think that's the three most important reasons for what happened in the Internet space in China.

以上这些就是主要的三个原因,来解释中国互联网市场的现状。

斯坦福公开课 - 百度CEO李彦宏演讲：全球最大搜索引擎的发展课程节选

So, it's not surprising that asset allocation explains more than 100% of returns and that, for the community as a whole, market timing and security selection are costly and lower the community's aggregate investment returns.

因此资产配置能解释100%以上的回报,也不足为奇了,对投资者整体来说,市场时机选择,和证券选择是有代价的,降低了总的投资回报

耶鲁公开课 - 金融市场课程节选