If you're comparing two portfolios with the same expected return, then you want the one with the lower variance.
比较两个有相同预期收益率的投资组合时,你会选择方差小的那一个。
Not just because you have more freedom here to choose your major
你不仅有更多的自由选择专业,
This portfolio, the minimum variance portfolio, is 9% oil, 27% stocks, and 64% bonds and most of the--many choices you can make.
这个最小方差的资产配置是9%的石油,27%的股票和64%的债券,而大部分。。。你可以有许多选择。
Okay, you can kick up and down, that's true. Okay, that's true actually, that's true.
你可以选择罚球的高度,这一点很对,很有道路
Is it meaningful to choose to do the good when you have no choice to do otherwise or aren't aware that you have a choice to do otherwise?
这样是否有意义,你选择了善良,在你别无选择的时候,或者是当你没有意识到还有其他选择的时候?
If you want to draw upon a higher power you've got lots of choices there too.
如果你想借助于更强大的力量,也有很多的选择
You could take a continuous path, where you have an infinite equilibrium points in between the two, a smooth path, whereyoudrop pressureand temperature simultaneosly in little increments.
你可以选择光滑的连续路径,在初末态间有,无数个平衡态的点,压强和温度同时一点,一点地下降。
But whether or not you do so doesn't seem to make a big difference.
但不论你是否选择这样做,都不会有什么太大的影响
In here, luckily you have lots of options to choose jobs.
在这儿,幸运的是,你有很多机会选择工作。
You want your options open.
你希望你能有广泛的选择。
But ultimately, everyone agrees I-- that's the premise here, that for the-- if you're comparing two portfolios with the same variance, then you want the one with the higher expected return.
但归根结底大家都会同意这一点-,这是一个前提-,当你比较两个有相同方差的投资组合时,你会选择预期收益率高的那一个。
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