These are long-term government bonds and I--now these are--since they're long-term, they have some uncertainty and variability to them.

这些是长期政府债券,由于它们是长期的，就存在不确定性和变化性。

耶鲁公开课 - 金融市场课程节选

If you're investing with a long time horizon, having an equity bias makes sense; stocks go up in the long run.

如果进行长线投资,且存在股权偏好,那么从长期看,股票是上涨的

耶鲁公开课 - 金融市场课程节选

The take-aways are that an equity bias is an absolutely sensible underpinning for investors with long time horizons but that diversification is important.

对于长期投资者来说,股权偏好的存在,是长期投资获利的重要基础,但是分散投资也很重要

耶鲁公开课 - 金融市场课程节选

It rankles, but on the other hand, these regulations survive because the reality is that people are victimized all the time and we can't just allow companies to act in secrecy.

这让人不爽,但是从另一个角度,金融监管制度之所以长期存在,是因为现实中,大众一直都是牺牲品,我们不能任由那些公司在幕后操纵

耶鲁公开课 - 金融市场课程节选

I have stocks, bonds, and oil but I want also to add one more final asset, we'll call it the riskless asset, long-term bonds are somewhat uncertain and variable because they're long-term.

有股票，债券和石油,我还想再增加最后一种资产，我们称之为无风险资产，由于长期债券持有期限很长,存在一定不确定性及风险。

耶鲁公开课 - 金融市场课程节选