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

Remember, this thing only runs for sixty days and you could compute your sixty-day return, but people like to compare annual returns-- once again, a tradition we have.

注意,这个债券期限只有60天,当然你可以计算60天的收益率,但是人们往往喜欢用年收益率进行比较,这也是一种传统

耶鲁公开课 - 金融市场课程节选

A managed portfolio, you find somebody you think is really smart and you pay them a fair amount of money and in return they assert that they will pick winners for you, and in fact, you will outperform the stock market.

而代管投资组合就是说，你找一个你觉得很聪明的人,给他们一些钱,然后他们会说一定会帮你选出,赚钱的股票，实际上你会比股市整体表现要好。

麻省理工公开课 - 计算机科学及编程导论课程节选