When you add another asset, you do better when you have three assets, you do better than if you just had two because there's more diversification possible with three assets than with two.

当你增加一种资产，有三种资产的时候，投资组合的表现会比两种资产时更好,因为三种资产相比两种资产的情况,可选择的投资组合更多。

耶鲁公开课 - 金融市场课程节选

Our foreign exposure is not limited to the marketable security exposure, which I cited as being 15% of the fund, but there's foreign exposure in real estate, there's foreign exposure in leverage buyouts, there's foreign exposure in venture capital.

我们的境外投资,并不限于可交易证券类,那只占总资产的15%,也有境外不动产投资,境外杠杆收购,以及境外风险投资

耶鲁公开课 - 金融市场课程节选

I think it's very hard to raise the definition of accredited investors because the minute you do that you're closing large numbers of people out from their ability to invest in hedge funds and they don't like that; they feel insulted, so there was a lot of angry reaction.

我认为要提高,合资格投资者的门槛很难,因为一旦实施,大量的投资者将被拒之门外,这些有能力投资对冲基金的人们,可不会开心,他们会觉得被侮辱了并因此而恼怒

耶鲁公开课 - 金融市场课程节选

You can also go up here, you can go beyond 100% stocks, you can have 150% stocks in your portfolio.

你也可以往上看，You，can，see–,可以取到超过100%的股票，在投资组合里你可拥有150%的股票。

耶鲁公开课 - 金融市场课程节选

That's not a way that we really think about it, but I do believe that the risk level of the University's portfolio is really quite low in statistical terms -much lower than the risk level that you'd have if you had a traditional portfolio dominated by marketable securities.

这一般不是我们考虑的关键,但我相信,耶鲁投资组合的风险水平,在统计数字上是非常低的,远远低于,持有一个传统的可交易证券主导的,投资组合的beta系数

耶鲁公开课 - 金融市场课程节选