The reason it's low is that we do have,what I think is, superior diversification and that really lowers the University's risk.

我认为耶鲁beta系数低的原因是,我们有卓越的多元化投资,这确实降低了耶鲁资产的风险

耶鲁公开课 - 金融市场课程节选

The first question is, what's the beta of the Yale portfolio?

第一个问题是,耶鲁投资组合的beta系数是多少

耶鲁公开课 - 金融市场课程节选

It will be about the securities market line, about the beta, about the mutual fund theorem, and it will also be about institutions that we have--about investment companies and their management.

证券市场的风险线,beta系数,共同基金定律,还有当下的一些金融机构,包括投资公司,以及他们的管理

耶鲁公开课 - 金融市场课程节选

That's not a way that we really think about it, but I do believe that the risk level of the University's portfolio is really quite low in statistical terms -much lower than the risk level that you'd have if you had a traditional portfolio dominated by marketable securities.

这一般不是我们考虑的关键,但我相信,耶鲁投资组合的风险水平,在统计数字上是非常低的,远远低于,持有一个传统的可交易证券主导的,投资组合的beta系数

耶鲁公开课 - 金融市场课程节选