And then, I want to turn to objections to behaviorism but these three principles are powerful and very interesting.
之后,我还想讲讲对行为主义的反对,但这三个原则是非常重要的,也是很有意思的。
Well, we should be shocked, and I think beyond that we have every right to feel a little bit betrayed, because Milton quite simply has -- and he's doing this deliberately -he has just violated an important law.
我们应该非常吃惊,除了这点以外,我们有着充分的权利感到有点被背叛的感觉,因为弥尔顿只是-并且他非常刻意,他只是违背了一项重要的原则。
There's a very important principle that finally comes out here, it is that you always want to reduce the variance of your portfolio as much as you can.
现在这里有一个非常重要的原则,即你总是想要降低你投资组合的方差,降得越低越好。
And what we are going to do over the next couple of month is expand on these-- most importantly, see how we can take the research, the rigor and apply it to our lives.
我们将在未来两个月,扩展这些前提-,最重要的是如何将研究,原则运用于生活。
Finally, I just want to say, next lecture is January twenty-eighth and we're going to talk about portfolio diversification, which is one very important application of the fundamental principle of risk management, as applied to securities.
最后,我想说下一讲是在1月28日,到时我们会谈谈资产组合多样化,这是风险管理基本原则中,对证券投资来说,这是非常重要的一项应用。
Anybody whose read a basic finance text, as a matter of fact, I think anybody who thinks about investments in a common sense fashion knows that diversification is an important fundamental tenet of portfolio management.
事实上,任何一个读过金融基础教材的人,任何一个,以正常思维来考虑投资问题的人,都知道分散投资是投资管理的,一条重要的基本原则
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