-
Underlying this analysis, we have estimates of the expected returns on assets, notably, the expected returns on stocks and bonds.
凭借这个分析，我们可以估算出资产预期投资收益，特别是股票和债券的预期收益。
-
What I have up there on the diagram are calculations I made for the efficient portfolio frontier with three assets.
上面的图形是我已经算好的,三种资产的有效投资组合边界。
-
You can either have what's called an indexed portfolio, or a managed portfolio.
你可以选择指,数化资产组合，或者代管投资组合。
-
In terms of diversification, there are half a dozen asset classes with weights that range between 4% and 28%.
投资多元化方面,投资于六中不同的资产类别,权重从4%至28%不等
-
If you accept my estimates and you accept the capital asset pricing model, that would have to be true.
如果你同意我的估算,而且认同资本资本资产定价模型，那这种投资组合就会带来最大收益。
-
Some people say, well if that's the case I want to invest in nothing more than that one asset.
一些人会说,如果真的如此,我只会投资收益较高的那项资产
-
Suppose you could find 10,000 independent assets, then you could drive the uncertainty about the portfolio practically to 0.
假设你能找到一万项相互独立的资产，那么你就可以将这个投资组合的风险,降到几乎为零。
-
This is a special case, though, because I've assumed that the assets are independent of each other, which isn't usually the case.
这是一个特例，因为我假设了,这个投资组合里的资产是相互独立的，但现实中通常都不是这样的。
-
The last man standing is asset allocation and that tends to drive both institutional returns and individual returns.
能决定回报率的只剩下资产配置,它将决定,机构投资和个人投资的回报率
-
So, that kind of stuff is something to look at but I'd be very careful in buying equities.
所以这样的投资工具就是我们所要考虑的,但我对资产板块的投资会比较小心。
-
That requires a theory of capital and they're going to have to invest the reserves in financial assets.
这需要借助于资本理论,并且还要将储备资金,投资于金融资产。
-
Bond allocations had increased by more than could be explained by the increase in bond prices over the course of the year.
同时资产配置中的债券投资比重,以高于当年债券价格上涨的速度,有了显著增加
-
I showed them the slide that I just showed you, showing the optimal portfolio, and then I looked at the Norwegian Government's position.
我还给他们展示了刚刚给你们放的幻灯片，就是展示最佳投资组合的那张，然后我查看了挪威政府现在的资产状况。
-
Here's how you become an accredited investor: you have $1 million dollars in investable -that's not including your house, it's in investable assets.
怎样算是合资格投资者,首先,拥有100万美元的投资资金,不包括房产,必须是可供投资的资产
-
The pink line takes two assets, one is stocks and the other is bonds, actually government bonds.
粉色线包含两种资产的投资组合，一个股票，另一个是债券，实际上是政府债券。
-
Because that's true, then asset allocation ends up being the overwhelmingly important determinant of the University's results.
因为在这种情况下,资产配置,是学校投资回报率的,支配性的决定因素
-
The general principle of portfolio management is: you want to include as many assets as you can.
投资组合管理总的原则是：,不同的资产越多则组合越佳。
-
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
-
The first, asset allocation, basically deals with which assets you have in your portfolio and in which proportion you hold each of those assets.
首先,资产配置主要是指,你的投资组合包括哪些资产,以及每种资产所占的比例
-
Now, I want to talk about forming a portfolio where the assets are not independent of each other, but are correlated with each other.
现在我要建立这样的一个投资组合,在这个组合里各项资产并不是相互独立的，而是相互关联的。
-
Portfolio management pools risks in a different way: by assembling a diversified portfolio or a portfolio that's negatively correlated with a risk that someone has.
而投资组合管理采用了不同的方式,多元化的资产配置,或者风险负相关性的,投资组合
-
From then on,if you accept the analysis and the assumptions or the estimates that underlie it, then we pretty much know how to construct portfolios.
如果你们理解了整个分析过程,假设前提以及各项资产的有关估算,就能知道该怎样建立一个投资组合
-
Are you going to hold the market portfolio, index your assets, match the markets results?
你是应该持有市场投资组合,指数化资产,获取与市场一致的回报率
-
I've made a very special case that this is the case of an equally-weighted portfolio.
在这里我假设了一个特例,即一个各项资产权重相等的投资组合。
-
In fact, I have it--suppose we have three assets and we want to compute the efficient portfolio frontier, the mean and variance of the portfolio.
事实上，假如我们拥有三种资产,我们想计算有效边界，及投资组合的均值和方差。
-
The best possible portfolio that you can get would be points along this straight line.
你所能得到的最佳资产投资组合,就是这条线上的一系列点。
-
I think it's pretty widely known that asset allocation is far and away the most important tool that we have available to us as investors.
我认为,人尽皆知,资产配置是,投资者可用的工具中,最重要的工具
-
What will happen is that Yale will continue to hold a relatively well-diversified portfolio as defined by the range of asset classes in which it invests.
实际上,耶鲁会继续保持,一个相对合理多样化的投资模式,来进行多种资产的投资
-
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
-
The second part of the question dealt with the changes in our exposure to foreign assets and that's an area that we've been very interested in.
第二个问题是关于,我们在国外资产投资上的变化,这一直是我们很感兴趣的领域
应用推荐