And to the extent that they help make markets efficient, I do think they help the world. I do sort of agree.

而且一定程度上，他们使市场更有效，我的确认为他们帮助了这个世界，我的确是同意的。

耶鲁公开课 - 金融市场课程节选

In general, less volatile stocks have done better over time than more volatile stocks, which is somewhat inconsistent with the notion of efficient markets.

一般来说，波动小的股票在长期内比波动大的股票,表现要好，一定程度上,这和金融市场有效论的观点是相悖的。

耶鲁公开课 - 金融市场课程节选

It's something that permeates the portfolio and, I think, provides really interesting investment opportunities because a lot of the foreign markets are less efficiently priced than those that you find in the U.S.

渗入了整个投资组合,并提供了很有吸引力的盈利机会,因为很多国外市场,没有美国国内市场程度的有效定价

耶鲁公开课 - 金融市场课程节选

the notion that markets are efficient which is the same sort of theory about all markets.

市场是有效的观点，The，efficient—,这一理论其实一定程度上适用于所有的市场。

耶鲁公开课 - 金融市场课程节选