Moreover, it's had a 17.8% average return for the last ten years, which is number one among university endowments.

甚至,过去十年中,耶鲁基金的年均收益率高达17.8%,依然高居全美高校榜首

耶鲁公开课 - 金融市场课程节选

Then if you fast forward to 2005 and look at the average return that was posted for 2000,it was +1.2%.

如果把时间快进至2005,5年后公报的2000年平均收益,变成了1.2%

耶鲁公开课 - 金融市场课程节选

The difference between the average return for colleges and universities and Yale's returns has added $14.4 billion dollars to the University's coffers.

其他高校的平均收益率,与耶鲁的收益率的差距,为耶鲁财政增加了144亿美元

耶鲁公开课 - 金融市场课程节选

If you looked at the domestic equity return -the average return that was posted in 2000--it was -3.1%.

看看国内证券的收益,2000年公报的平均收益率是负3.1%

耶鲁公开课 - 金融市场课程节选

I computed the average return on stocks over that time period and I computed the average return on bonds over that time period.

我计算了那个时间段的股票平均收益率,和债券平均收益率。

耶鲁公开课 - 金融市场课程节选

There's something else going on besides diversification; diversification means you get the average return.

除了投资多样化外,肯定还有别的因素,投资多样化代表着市场平均收益

耶鲁公开课 - 金融市场课程节选

For the ten years ended June 30,2005, it returned 9.9% per year and then the average return for the actively managed equity fund was 9.6% per year, so we're back to that thirty basis points.

截至2005年6月30日的10年间,该指数年收益率为9.9%,而主动管理型股权基金的年平收益率为9.6%,我们落后30个基点

耶鲁公开课 - 金融市场课程节选