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And what this means is-- one reason why people are so bad in groups is because you could diffuse your responsibility.
它的意思是…,为什么群体中的人会表现出恶行,其中一个原因是你能分散你的责任。
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And all the buildings are spread out in the city,
所有的建筑分散在城里不同的地方，
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If anything happens to me in my livelihood, then it's spread out over everybody and everybody means the whole world.
如果我的生计出问题了，它将分散到每个人身上,每个人指全世界的人。
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I like it because it's a kind of image of the modern city that makes the modern city look like language, look like letters, look like a kind of scattered alphabet, a kind of babble.
我喜欢它是因为它呈现出了一幅现代城市的图画,使得城市看起来像语言一样，像字母一样，像打乱分散的字母表一样，像模糊不清的牙牙耳语。
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The question is can I show you, from an energetic standpoint, that the crystal is favored over having the discrete set of pairs?
我展示你的问题是，从能量的观点出发，晶体倾向于,形成分散的一系列的对？
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So I'll now start to get into that habit, even though it's a bit of distracting detail, it's just consistent with the expectations that the compiler really has.
所以我现在将开始养成那个习惯，虽然这是一个有点分散注意力的细节，它只是与编译器,拥有的期望是并存的。
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If you guys want a seat there are plenty of seats over here scattered about.
你们想找座位的话,那边有很多分散的座位
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That cells that form tissues often have junctions that hold them together so that they don't fall apart and they exist as a solid piece of tissue.
组织细胞通常通过,细胞连接而联系在一起,所以它们不会分散开来,而保持坚固的组织形态
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If there's a group, responsibility to help decreases and this is captured in different ways but the main idea is we all think someone else will help so we don't. There's a diffusion.
如果是一群人，帮助的责任就会分散变小,这体现在多个方面,但最主要的想法就是我们都认为别人会帮助,所以我们就不帮助了，责任被分散了。
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Now, it's going to be captured on tape and that's going to be really bad for my reputation, so spread yourself around other people.
咱们这次是要录像的,那样的话我的名声就毁了,所以尽量分散开来
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figuring out there is no such thing as a free lunch but Markowitz tells us that diversification is a free lunch.
知道世上没有免费的午餐这回事,但马科维茨称分散投资是免费的午餐
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The mutual fund theory that we gave last time said, no the mutual fund is just supposed to be diversifying for you.
但上节课讲到的共同基金定理认为,共同基金的目的是分散投资
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The take-aways are that an equity bias is an absolutely sensible underpinning for investors with long time horizons but that diversification is important.
对于长期投资者来说,股权偏好的存在,是长期投资获利的重要基础,但是分散投资也很重要
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There are a lot of human hardships that can be solved by diversifying portfolios.
很多生活上的困难,都可以通过分散投资来解决。
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That was an effort to disburse power away from the center.
这是一个从中心,分散权力的努力。
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Because we hold relatively stable, relatively well-diversified portfolios, security selection turns out not to be an important determinant of returns for most investors and market timing turns out not to be an important determinant of returns.
因为持有相对稳定,和相对分散的投资组合,证券选择不再是,决定投资者回报率的重要因素,而市场时机选择,也不会成为决定回报率的重要因素
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Anybody whose read a basic finance text, as a matter of fact, I think anybody who thinks about investments in a common sense fashion knows that diversification is an important fundamental tenet of portfolio management.
事实上,任何一个读过金融基础教材的人,任何一个,以正常思维来考虑投资问题的人,都知道分散投资是投资管理的,一条重要的基本原则
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It refers to usually 'receptors' that are fixed in a cell, on a cell membrane, and 'ligands' which are dispersed throughout the body and free to diffuse around, and occasionally will find the cell.
受体这个词通常代表了,固定于细胞表面的分子,而配体分散于体内各处,能够自由扩散,它们偶尔会与细胞邂逅
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This is something that's very important in the United States because, as I mentioned, insurance regulation is divided up over the fifty states and the problem that that creates is-- it's a nightmare for insurance companies because every different state has different laws.
在美国,这个协会是非常重要的,因为,就像我所提及的,保险监管被分散到了五十个州,这对任何一个保险公司而言,都是一个噩梦,因为各州法律各有不同
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So the DNA is going to get spread out on this gel according to size, with the small ones going farther and the large ones not going as far.
因此DNA会根据大小,在凝胶上分散开,小的片段会快一些,大的片段不那么快
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The other thing that I think would come out of the discussions is that diversification is important.
另一个需要讨论的话题是,分散投资很重要
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That's a very dispersed system but it still works because member banks keep deposits at the Federal Reserve Banks and they're required to keep these deposits.
这是一个非常分散的系统,但是它还是能起到很好的作用因为会员银行,在联邦储备银行里付保证金,并且它们被要求付这些保证金。
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That is, even leaving the risks as they are and just sharing them better.
那就是，相对于改变风险的大小,分散风险才是上策。
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As a matter of fact, Harry Markowitz called diversification a "Free lunch."
事实上,哈里·马科维茨,就把分散投资喻为"免费的午餐"
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When you look at each of those individual asset classes -domestic equities, foreign equities, bonds, real assets, absolute return and private equity -each of those individual asset classes is going to be relatively well-diversified in terms of exposures to individual positions or individual securities.
当你观察每一种资产,比如国内股权,国外股权,债券,不动产,绝对收益和私募股权,这其中每一种,比起单一头寸或单一证券,风险都是相对分散的
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When you look at this theory, you realize that it suggests a very important technology for improving human welfare and by spreading risks.
这一理论，提出了一个重要的技术,即可以通过分散风险，提高收益。
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Whatever happens to me, when it's spread out over six billion plus people, it ends up divided by six billion and it becomes unobservable.
发生在我身上的事，分散到六十多亿人口上，被六十亿除,就变得难以察觉。
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The idea is that if you spread risks they don't disappear, they're still there, but they're spread out over many people and the impact on any one person is reduced.
这种观念就是说如果你把风险分散...,风险仍然存在,并没有消失,但如果风险分散到许多人身上,那每一个人受到风险的冲击就会减少
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That's the basic principle of portfolio diversification.
这就是投资分散化的基本原则。
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