.. I can achieve any combination-- I can achieve any point on that by choosing an allocation of my portfolio.

我可以得到任意组合-,可以任意分配投资组合中,各种投资的比重。

耶鲁公开课 - 金融市场课程节选

The overall conclusions are that, with respect to asset allocation, you want to create an equity-oriented diversified portfolio.

总而言之,在资产配置方面,你要创造一个股权导向的多元化投资组合

耶鲁公开课 - 金融市场课程节选

So the heap is a chunk of memory in a computer's RAM that's conceptually allocated to what's called dynamic memory allocation.

堆是在计算机RAM中的一块内存,它可以进行,动态内存分配。

哈佛公开课 - 计算机科学课程节选

The last man standing is asset allocation and that tends to drive both institutional returns and individual returns.

能决定回报率的只剩下资产配置,它将决定,机构投资和个人投资的回报率

耶鲁公开课 - 金融市场课程节选

Because that's true, then asset allocation ends up being the overwhelmingly important determinant of the University's results.

因为在这种情况下,资产配置,是学校投资回报率的,支配性的决定因素

耶鲁公开课 - 金融市场课程节选

The first, asset allocation, basically deals with which assets you have in your portfolio and in which proportion you hold each of those assets.

首先,资产配置主要是指,你的投资组合包括哪些资产,以及每种资产所占的比例

耶鲁公开课 - 金融市场课程节选

I think it's pretty widely known that asset allocation is far and away the most important tool that we have available to us as investors.

我认为,人尽皆知,资产配置是,投资者可用的工具中,最重要的工具

耶鲁公开课 - 金融市场课程节选

How can asset allocation be responsible for more than 100% of investment returns?

资产配置怎么能决定,100%以上的投资回报

耶鲁公开课 - 金融市场课程节选

It turns out that it's not a financial law that asset allocation takes center stage; it really is more a description of how it is that we behave.

事实上,资产配置的核心地位,还称不上是金融学定理,但它确实已不仅仅是对我们行为的描述

耶鲁公开课 - 金融市场课程节选

It took these institutions until 1993--a full six years-- to get their bond allocation back down to where it had been prior to the crash in October 1987.

这些机构直至1993年,整整六年时间,才恢复到1987年10月崩盘之前的,债券投资配置

耶鲁公开课 - 金融市场课程节选

I think one of the more interesting and even simpler concepts that comes out of his study is that more than 100% of returns are defined by asset allocation.

我认为他的研究中更有意思,也更简明的一个结论是,超过100%的回报,是由资产配置决定的

耶鲁公开课 - 金融市场课程节选

Those three tools are asset allocation, market timing, and security selection.

这些工具是,资产配置,市场时机选择和证券选择

耶鲁公开课 - 金融市场课程节选

Let's start out with the first: asset allocation.

让我们从第一点开始,资产配置

耶鲁公开课 - 金融市场课程节选

So, it's not surprising that asset allocation explains more than 100% of returns and that, for the community as a whole, market timing and security selection are costly and lower the community's aggregate investment returns.

因此资产配置能解释100%以上的回报,也不足为奇了,对投资者整体来说,市场时机选择,和证券选择是有代价的,降低了总的投资回报

耶鲁公开课 - 金融市场课程节选

Well, one of the things I think is a sensible thing to do in life is look around at what others are doing, so I looked at what colleges and universities had done in terms of asset allocation.

一种我认为,比较实际的做法就是,关注周围的人在干什么,于是我观察了各个大学,是如何进行资产配置的

耶鲁公开课 - 金融市场课程节选

If I went back to my office after speaking with you this morning and took Yale's $22.5 billion dollars and put all of it into Google stock, asset allocation would have very little to say about what Yale's returns would be.

如果我今早下课之后回到办公室,把耶鲁的225亿美元,全部投资于谷歌股票,资产配置在这种情况下,对耶鲁的回报率就没有多少影响了

耶鲁公开课 - 金融市场课程节选