Then promote broad-based economic development in those nations, foster mutual respect and understanding between Americans and Muslims, and support efforts to improve governance and promote civic participation in predominantly Muslim societies.

VOA: standard.2009.04.24

So the Mosaic covenant is neither unilateral-- this is now a bilateral covenant, mutual, reciprocal obligations--nor is it unconditional like the other two.

所以摩西契约不是单边同意的-,是双边契约，包含了平等和互惠的责任，这个契约也不像其他两个是无条件的。

耶鲁公开课 - 旧约导论课程节选

There were seventeen categories of equity mutual funds and they compared the dollar-weighted to the time-weighted returns.

其中一共是17种股权共同基金,将它们的货币加权回报率,和时间加权回报率进行比较

耶鲁公开课 - 金融市场课程节选

They can--in mutual funds, it's daily liquidity, but their investors tend not to be as wide-awake.

他们可以-在共同基金中，保证日常的现金流，但是它们的投资者似乎不愿意一直保持清醒。

耶鲁公开课 - 金融市场课程节选

The theory of mutual funds is: nobody is supposed to be holding anything other than-- ... the ideal theory of mutual funds--is holding something other than this tangency portfolio.

共同基金定理是指：,所有人都应该持有-,理想的共同基金定理说,都应该持有这种切线投资组合。

耶鲁公开课 - 金融市场课程节选

They found, not surprisingly, that it tends to--mutual funds have been growing more rapidly in countries that have stronger securities laws and institutions, especially laws that protect individual shareholders rights.

他们发现,那些共同基金发展较迅速的国家,都拥有比较健全的证券法规和完善的证券制度,其中保护个人股东权利的法律尤为完善

耶鲁公开课 - 金融市场课程节选

Firms that do that are, in practice, however, the minority and most mutual funds have some gimmick or some special-- they claim to be beating the market not forming the optimal portfolio.

然而实际上,这么做的公司很少,大部分共同基金都会耍些花招,或有一些特别的...,他们强调他们的收益率将强于市场平均水平,而非建立最佳投资组合

耶鲁公开课 - 金融市场课程节选

What most people are doing when they go into a mutual fund is they're trying to find smart people who will beat the market-- who will pick those stocks that will do well.

大多数人投资共同基金,实际是在寻找聪明之辈,来帮助他们获取更高收益率...,来挑选表现最为优异的股票

耶鲁公开课 - 金融市场课程节选

Compound that 13.4% over ten years and there's just an enormous gap between those mutual fund numbers that are in the prospectus and in the advertisement--the time-weighted returns and the dollar-weighted returns that talk about the actual experience of the investment community.

按13.4%复利算一下10年期的结果,你会发现在招股说明书和广告里给出的,用来反映投资机构实际业绩水平的,时间加权回报率,和货币加权回报率数字之间,有着巨大的差异

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