Bond allocations had increased by more than could be explained by the increase in bond prices over the course of the year.

同时资产配置中的债券投资比重,以高于当年债券价格上涨的速度,有了显著增加

耶鲁公开课 - 金融市场课程节选

You buy something that's down 30% but it's got another 50% to go and I think it just has to do with time horizon.

某资产价格下跌了30%,你买入,而后它反弹又上涨50%,我认为上涨只是时间问题

耶鲁公开课 - 金融市场课程节选

If it goes on for ten years that means that the -it'll double in seven years, so it'd be going up like two and a half fold.

如果按照此速度过上十年就意味着,七年内价格将会翻倍,所以价格应该会上涨到两倍半

耶鲁公开课 - 金融市场课程节选

If stock prices went down-- by the way, bond prices went up.

当股价下跌,顺便提一下,债券价格会上涨

耶鲁公开课 - 金融市场课程节选

If stock price option -if stock options tend to be issued as announced by the company later, just before stock prices go up, there's no way that that can be right because nobody can know exactly when the stock price is going to go up.

如果股票期权价格...,如果就像公司事后宣称的一样,公司恰好是在股价上涨之前,发行的股票期权,这是不可能做到的,因为没有人可以确切知道,股票价格何时会上涨

耶鲁公开课 - 金融市场课程节选