You also don't know that they'll give them to the equity owners they won't squander in the future.

你也不知道,他们是否能够兑现股票持有者,它们不会挥霍未来。

耶鲁公开课 - 金融市场课程节选

You have closed end funds, trade as a security listed on the stock exchange, but what they do is own other securities.

假如你持有封闭式基金，这种基金在证券交易所作为一种债券进行交易，但是实际上它们做的是持有其他债券。

耶鲁公开课 - 金融市场课程节选

We did have a large,short position in subprime mortgage-backed securities, which has paid off enormously for the University and really helped protect assets in the past nine months or a year.

我们确实曾持有很多,次级抵押担保证券的空头,它们为耶鲁赚了不少钱,并且在过去的9个月或1年间,为资产保值发挥了实在的作用

耶鲁公开课 - 金融市场课程节选

The reserve requirement now is 10% 10% on demand deposits so they're forced to keep those reserves and much of that is in the form of deposits at the Federal Reserve Banks.

现在的法定准备金率%,在活期存款上是,所以它们被强迫持有这些准备金,并且一大部分是在联邦储备银行,存着的。

耶鲁公开课 - 金融市场课程节选

I don't care what happens to Citigroup or IBM, except for the fact that there are all those stockholders out there and they're of all different situations.

我不关心花旗集团或者IBM的事，但是由于,很多人持有它们的股票,那就是另一回事了。

耶鲁公开课 - 金融市场课程节选