But that's the sort of the thing we do and it's coupon clipping and it's risk mitigation or risk elimination--fairly short.

但这似乎就是我们正在做的事情,那就是定期得到收益,同时也是风险弱化或者风险消除-的确很短。

耶鲁公开课 - 金融市场课程节选

.. That person-- I should have maybe included that in the diagram-- that person could get 5% return with no risk.

那种人-,我也许该把种情况也包含到图里的-,他能够获得5%的无风险收益。

耶鲁公开课 - 金融市场课程节选

.. The equity premium is the-- 2.8% this short-term 2.8% is the riskless return, historically, for a period of almost 200 years.

股权溢价就是-,这个短期无风险投资收益率是，是根据近200年的数据得出的。

耶鲁公开课 - 金融市场课程节选

Other people might say, well you know, I'm really an adventurer--I don't care too much about risk-- I want the much higher return.

其他的人可能会说，你知道的，我就是一个投机商我不怎么在乎风险-,我只想要更高的收益。

耶鲁公开课 - 金融市场课程节选

If we have an annual return that we're looking at, we can find a completely riskless asset with an annual return-- it would be a government bond that matures in one year.

如果我们可以查看各项资产的年度收益，我们可以找到一个零风险,且达到预期年度收益的资产项目-,也许是一年期的政府债券。

耶鲁公开课 - 金融市场课程节选