Probably a more important test of the portfolio was what happened around the collapse of the Internet bubble in 2000.

对这个组合更严峻的考验可能是,2000年那场互联网泡沫的破裂

耶鲁公开课 - 金融市场课程节选

Sometimes the numbers can be pretty dramatic; I mean,2000 was a year of great flux in the markets because that's when the Internet bubble burst.

有些时候投资者的数量很大,像2000年市场的流动性很大,因为在那一年互联网泡沫破裂

耶鲁公开课 - 金融市场课程节选

Then,the whole thing blows up and all the Bear Stearns stock is worth just about nothing; so, that's the kind of mistake you don't want to make.

现在金融危机让所有泡沫都破裂了,贝尔斯登的股份也成为了浮云;,总之，这种错误你们是不想重蹈覆辙的。

耶鲁公开课 - 金融市场课程节选