So I started to talk to the VCs and asking for $10 million at a very, very difficult time in Internet history.

就在互联网历史上最艰难的时期，我开始跟风险投资商接洽，向他们要1000万美元。

斯坦福公开课 - 百度CEO李彦宏演讲：全球最大搜索引擎的发展课程节选

Since then, David Swensen has invested or has managed the investment of this endowment and it has done phenomenally well.

从那时起,大卫·斯文森投资...,或者说开始管理这笔基金,而且成效相当的明显

耶鲁公开课 - 金融市场课程节选

And another five, or seven, or eight years went by, and the treasurer job became even too big of a job, and he became in charge of investor relations.

几年以后，财务主管负责的工作也很多了，他就开始负责投资关系。

斯坦福公开课 - 戴尔CEO-Michael.Dell谈创业和发展课程节选

He wrote a book called Stocks for the Long Run, starting in 1993.

他1993年开始写这本《长期股票投资》

耶鲁公开课 - 金融市场课程节选

Let me start out by putting what I think is a relatively controversial proposition on the table and that's that this investment management business, when stripped down to its bare essentials, is really quite simple.

让我从一个,相对争议的话题开始,投资管理业务,当剥离种种表象追溯到其本质时,其实非常简单

耶鲁公开课 - 金融市场课程节选

In that year, we were early on in terms of diversifying the portfolio -we'd only been working on that program for two years -and even so,the negative return was less than 1%, so it was a modest negative return.

在那一年,我们还处于投资组合多元化的初期,刚刚开始2年,即便如此,股灾时我们的亏损小于1%,这只是一个轻微的亏损

耶鲁公开课 - 金融市场课程节选

These DPPs go back a long time but there began to be complaints about them because people said, well why is it, because I'm not an accredited investor, I can't get into real estate like these other people do?

PP由来已久,但现在人们开始抱怨,他们说,我不是可信投资者,为什么仅凭此门槛,而不让我像别人一样投资商业地产呢

耶鲁公开课 - 金融市场课程节选