Of course, if think about it, as a community, the investment community is going to lose from security selection decisions.

其实很好理解,想想看,投资者群体可能,由于证券选择决策失误而蒙受损失

耶鲁公开课 - 金融市场课程节选

The ideas that weren't good enough shouldn't have been funded and they won't be funded today.

这些想法还不够好,不会有人进行投资。

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

There's a very important principle that finally comes out here, it is that you always want to reduce the variance of your portfolio as much as you can.

现在这里有一个非常重要的原则，即你总是想要降低你投资组合的方差,降得越低越好。

耶鲁公开课 - 金融市场课程节选

Moreover, if you say, this stockbroker he was lying to me, he told me that this was a good investment and he even lied and said something to get me roped in, they won't pay you back.

再者,如果你说,股票经纪人欺骗我,他说买这个股票是个好投资,他对我说谎,把我骗迷糊了,他们不会还钱给你

耶鲁公开课 - 金融市场课程节选