He says the Obama administration's "It's a presumption that these are obstacles to cooperation, which in fact I think China has enough of their own interests and equities in for example the economic situation to cooperate irrespective of what we do on some of these other issues,".
VOA: standard.2009.11.10
So, that kind of stuff is something to look at but I'd be very careful in buying equities.
所以这样的投资工具就是我们所要考虑的,但我对资产板块的投资会比较小心。
If you read his Pioneering Portfolio Management on the syllabus, he really has a preference for equities.
如果你阅读他的著作《开拓投资组合的管理》的摘要,他确实对股票有偏好。
Our current portfolio has 11% allocated to domestic equities, 15% to foreign equities,and 4% to bonds, so traditional marketable securities account for 30% of assets.
我们当前的投资组合中11%是国内股,15%是国外股,4%是债券,所以传统有价证券占总资产的30%
Jeremy Siegel, Stocks for the Long Run, says the default should be equities.
杰瑞米·西格尔,在《股票的长期走势》一书中,指出默认的投资方式应该是股票。
he says, all investing is about coupon clipping and the difference between equities and bonds are that bonds come with a coupon that's known and equities have earnings in the future that you don't know.
他说,所有的投资都是关于票息剪券的,股票和债券的区别是,债券有确定的票息,而股票的收益发生在未来,你是无法确定的。
When you look at each of those individual asset classes -domestic equities, foreign equities, bonds, real assets, absolute return and private equity -each of those individual asset classes is going to be relatively well-diversified in terms of exposures to individual positions or individual securities.
当你观察每一种资产,比如国内股权,国外股权,债券,不动产,绝对收益和私募股权,这其中每一种,比起单一头寸或单一证券,风险都是相对分散的
Well,that's going to inflate the numbers too because the only managers that kind of raise their hand and say, hey I've got this interesting new approach to managing domestic equities--or whatever the asset class is -are the ones that have succeeded.
当然是会让指数起点偏高,因为经理人倾向于提供那些,举手说找到有趣的新方法,来管理国内股权投资,或其他投资的,成功的历史数据
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