The problem is even more severe when you're looking at mutual funds because there's kind of a cynical game that mutual fund management companies play.

当你去观察基金市场,会发现问题更严重,因为基金管理公司,会玩一个偷梁换柱的把戏

耶鲁公开课 - 金融市场课程节选

Systematically, investors are buying after things have gone up, selling after they've gone down, and the problem is most severe in those funds that show the greatest volatility.

投资者都一窝蜂似的,上涨之后才买进,下跌之后才卖出,对于波动最大的那些基金,问题更严重

耶鲁公开课 - 金融市场课程节选

But there are other diseases that are numerically even more important.

但是从数据上来说,有一些疾病更严重

耶鲁公开课 - 生物医学工程探索课程节选

What he's saying here is the following: "What we have learned over fifty years is that the disease model does not move us closer to the prevention of these serious problems.

他是这么说的：,“五十多年的经验告诉我们，疾病模型,不能让我们更有力地预防,这些严重问题。

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I think I would be fired as soon as people found out what it was that I was doing with the portfolio and, overwhelmingly more important, it would be bad for the University.

一旦人们发现我搞这样的投资,我肯定会被炒鱿鱼,更严重的是,这对学校不利

耶鲁公开课 - 金融市场课程节选

And he hypothesized that they were getting the disease in cows, which the disease from cows that caused a milder disease than smallpox, and that protected them from getting the more severe forms of smallpox later.

他假定奶牛将这种疾病传染给挤奶女工,这种源自奶牛的疾病比天花更温和,它保护女工们,免受更为严重的天花感染

耶鲁公开课 - 生物医学工程探索课程节选