I think it's pretty widely known that asset allocation is far and away the most important tool that we have available to us as investors.

我认为,人尽皆知,资产配置是,投资者可用的工具中,最重要的工具

耶鲁公开课 - 金融市场课程节选

It's actually the biggest and most important asset class.

事实上这是最大也是最重要的一种资产

耶鲁公开课 - 金融市场课程节选

As a matter of fact, it's so widely believed that asset allocation is the most important tool that I think some people have come to the conclusion that it's some sort of law of finance that asset allocation is the most important tool.

事实上,我们普遍相信,资产配置是最重要的工具,以至有人得出结论,资产配置是最重要的工具,已经算是一条金融学定理了

耶鲁公开课 - 金融市场课程节选