Today I want to talk about banking and this ties in somewhat to my previous lecture, which was on real estate, because banks are major real estate lenders and investors in real estate securities.

今天我想谈一谈银行业,这与我的前一讲紧密相联,即有关房地产的内容,因为银行是房地产行最主要的资金贷方,和房地产证券投资方

耶鲁公开课 - 金融市场课程节选

So 90% of your portfolio is in domestic marketable securities and only 10% is invested in things like real estate or venture capital or private equity -hardly enough to make a difference in terms of the portfolios returns.

于是90%的投资都在本国有价证券中,仅10%用于比如不动产,风险资本或私募股权投资,这一小块几乎对投资回报,没有什么作用

耶鲁公开课 - 金融市场课程节选