There are successful coupon clippers and there are successful securities resellers and they tend to make their money off of the unsuccessful people in the other class.

既有成功的票息剪券投资者,也有成功的债券经销商,他们希望从其他阶层,不太成功的投资者身上赚钱。

耶鲁公开课 - 金融市场课程节选

Well,I think one of the questions --the question is how can you successfully invest in a market where,I guess, people say you might catch a falling knife.

其中一个问题,提问是,怎么能够成功地,投资于一个,有所谓抄底行情的市场

耶鲁公开课 - 金融市场课程节选

Subsequently, I wrote a book called Unconventional Success that deals with individual investors.

随后,我写了《不落俗套的成功》,是关于个人投资者的

耶鲁公开课 - 金融市场课程节选

Incidentally, there's sort of a resemblance between him and David Swensen in the well, first of all, they're both phenomenally successful, but they both are emphasizing alternative investments.

顺便说下,他和大卫·斯文森有些相似之处,首先,他们都非常成功,他们都致力于另类投资

耶鲁公开课 - 金融市场课程节选

Well,that's going to inflate the numbers too because the only managers that kind of raise their hand and say, hey I've got this interesting new approach to managing domestic equities--or whatever the asset class is -are the ones that have succeeded.

当然是会让指数起点偏高,因为经理人倾向于提供那些,举手说找到有趣的新方法,来管理国内股权投资,或其他投资的,成功的历史数据

耶鲁公开课 - 金融市场课程节选