Usually we write in journals, but I allow them to their writing in this book.
通常做法是写日志,但是我让他们在这个本子上写作。
So, in a way, I'm flipping my usual practice; I would tell you a little bit about its publication history at the beginning.
其实我有点儿跳出我的常规做法;,通常我会在讲课的一开始,就谈及相关的出版历史。
Unencumbered by, I guess, the conventional wisdom, we started out at Yale on a path that I think is--fundamentally that changed the way that institutions manage portfolios.
抛开惯常思维和传统做法,我们在耶鲁开创了一条新路,一条我认为,从根本上,改变了机构投资管理方式的新路
My favorite way to measure the results is actually to compare what Yale achieved with what we would have had if we would have just experienced average returns over the past twenty years.
在衡量成绩时,我喜欢的做法是,将过去20年耶鲁模式下获得的资产,与市场平均收益率计算的资产,进行比较
Well, one of the things I think is a sensible thing to do in life is look around at what others are doing, so I looked at what colleges and universities had done in terms of asset allocation.
一种我认为,比较实际的做法就是,关注周围的人在干什么,于是我观察了各个大学,是如何进行资产配置的
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