The idea is that people don't see this basic risk management problem and they see things in entirely different terms.

该思想的关键在与人们并没有看到,其中本质的基本风险管理问题,而是站在完全不同的角度去看问题。

耶鲁公开课 - 金融市场课程节选

We have a good system in taxes, but it's imperfect because it hasn't been thought out thoroughly in terms of risk management.

我们有很好的税收制度，但它并不完善,因为它并非完全从风险管理的角度,经过考量而得出的。

耶鲁公开课 - 金融市场课程节选