I mean,there's no way that you can expect somebody quarter in and quarter out or month in and month out to produce superior returns.
我的意思是,你无法,靠只持续了一季度的投资,或月进月出的方式来获得巨额收益
And that is certainly, as an investor and board member an ongoing challenge.
以投资者兼董事会成员的角度来看,这是个持续性的挑战。
We were five years into this bull market and people were getting excited about the fact that stocks were going up and equity allocations were at a fifteen-year high.
历经五年牛市,人们越来越兴奋起来,股市持续攀升,权益投资达到了15年来的最高点
I'm sure you're familiar with the drill -you put a dollar into various asset classes, in this case, at the end of 1925 and hold those asset classes for, in this case, eighty-one years; the numbers go through the end of 2006.
相信大家很熟悉以下计算,如果你在1925年底,把一美元投资于各种资产,然后持续持有这种资产,比如,81年时间,直到2006年底
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