So, if interest rates go down, the value goes up, if interest rates go up, the value of your investment goes down.

因此如果利率上扬,它的价值就下跌,如果利率上扬 这份投资的价值就会走低

耶鲁公开课 - 金融市场课程节选

So you say, how can I make money beating the market if every quarter I have to tell everybody what I'm doing?

因此你会说,如果我按季度公布所有的投资活动,那我还怎么跑赢市场赚取利润

耶鲁公开课 - 金融市场课程节选

But you guys know, because you have MIT degrees, and you've, later, 60 and you've taken 5.60, that can't be the case, and you're not going to get fooled into investing money into these companies.

但是你们知道，因为你们有的学位，你们以后会有的，你们已经选择了5。,这是不可能的，因此你们不会上当,去投资这些公司。

麻省理工公开课 - 热力学与动力学课程节选

So it's a tough economy and you'd say, "Well geez, I want to do a startup. Is there going to be an investment out there? Well geez, I want to sell to customers and they're going to need to buy equipment to do things, or geez I want to appeal to advertisers, and there's got to be a consumer demand out there."

因此经济愈发不景气，你们会说“天哪，我想要卷土重来,会有人给我投资吗？,我想向人们出售产品,他们会需要买些设备来做事的，哦天哪，我想向广告商招标，总会有消费者需求的“

斯坦福公开课 - 微软CEO-Steve.Ballmer谈科技的未来课程节选

Well, you could say it dilutes it but it doesn't lower the price of your investment, in general.

你也可以说这是一种摊薄,但总体上,你的投资价值并没有因此减少

耶鲁公开课 - 金融市场课程节选

Cities go bankrupt and they just can't pay, so you as a buyer of these bonds feel reluctant to invest in them.

如果一市政府破产了,他们将无法支付,因此作为投资人,你可能不想购买它

耶鲁公开课 - 金融市场课程节选

So, there had to be more to it than just identifying the high-risk asset class and putting your assets there and letting it rip.

因此,投资远不仅仅是,识别高风险资产,投资其中,然后就放任自流

耶鲁公开课 - 金融市场课程节选

So,70% of the portfolio is in absolute return, real assets,private equity, alternatives--broadly defined.

因此资产的70%分布于绝对收益组合,不动产,私募权益等广泛的投资品种中

耶鲁公开课 - 金融市场课程节选

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

Last year, the SEC put out a proposal that -it's getting too easy to be an accredited investor -so they put out a proposal that we raise the wealth level to $2.5 million.

去年证交会发布了一项提议,鉴于合格投资者的门槛较低,因此他们提议,把准入门槛提高到250万美元

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