As each year goes by, you accumulate economic shocks, shocks to your human capital, shocks to what you own as you get older.

随着年龄增长，你不断遭受经济冲击，对人力资本的冲击，当你一天天长大，你一天天遭受冲击。

耶鲁公开课 - 金融市场课程节选

He was very interested in economics, and he wanted to understand how the social structures of capitalism and the economic structures of capitalism impinged upon the way personalities were formed.

其中，他对经济学又颇有研究，一直致力于解析,资本主义的社会结构,和经济架构如何改变一个人。

耶鲁公开课 - 1945年后的美国小说课程节选

What was happening was, these banks were not being watched carefully enough; their capital requirements were not enough for the kind of assets they were investing.

当初是因为,对这些银行监管不力,它们的资本水平没有达到,投资这类资产的要求

耶鲁公开课 - 金融市场课程节选

It was--Modigliani and Miller said back then-- this was thirty or forty years ago-- that companies should really not pay dividends because dividends were then taxed at a higher rate than capital gains.

莫迪利阿尼和米勒说在那时候,大概30或40年前,公司不应分配股利,因为对股利征税的税率比对资本收益高

耶鲁公开课 - 金融市场课程节选

So 90% of your portfolio is in domestic marketable securities and only 10% is invested in things like real estate or venture capital or private equity -hardly enough to make a difference in terms of the portfolios returns.

于是90%的投资都在本国有价证券中,仅10%用于比如不动产,风险资本或私募股权投资,这一小块几乎对投资回报,没有什么作用

耶鲁公开课 - 金融市场课程节选