She wants to put some of her meager savings in a bank to take back to the village when she returns, but she has been unable to open an account.

VOA: standard.2009.09.24

It's an image of ascent toward heaven, from which the boy returns.

这是接近天堂的的样子，从那里，这个孩子又回到地面。

耶鲁公开课 - 现代诗歌课程节选

If an asset class has constituents that are efficiently priced, then it's very hard to generate excess returns.

如果某种资产的构成都是有效定价的,那么就很难产生超额回报

耶鲁公开课 - 金融市场课程节选

That could be investor only in bonds or an investor only in stocks, but I also show on here what some other returns are that are available.

表示投资者只投资了债券或者只投资了股票，同时我在这里也展示了,其它可能性组合的收益。

耶鲁公开课 - 金融市场课程节选

That's an incredibly tight distribution of returns.

这是个极其紧凑的收益分布

耶鲁公开课 - 金融市场课程节选

Because we hold relatively stable, relatively well-diversified portfolios, security selection turns out not to be an important determinant of returns for most investors and market timing turns out not to be an important determinant of returns.

因为持有相对稳定,和相对分散的投资组合,证券选择不再是,决定投资者回报率的重要因素,而市场时机选择,也不会成为决定回报率的重要因素

耶鲁公开课 - 金融市场课程节选

The equity orientation drove the returns but the diversification allowed us to deliver those returns in a stable fashion, which is incredibly important for an institution like Yale that requires a steady supply of funds to finance its operations.

股票导向型投资会推动收益率上升,但多元化能让收益更平稳,这对于耶鲁这样的机构极为重要,因为它需要稳定的资金供给,为学校运营提供财务支持

耶鲁公开课 - 金融市场课程节选

You get nineteen times your money over eighty-one years, but then if you take into account the inflation consumes a multiple of eleven and you're an institution like Yale that consumes only after inflation returns, putting your money into treasury bills really didn't get you very much.

1年后你的钱翻了19倍,但是如果考虑通货膨胀,在此期间侵蚀了11倍的收益,而且如果你是像耶鲁这样,减去通货膨胀调整到实际回报后再论支出,那么将钱投资于短期国库券,不会让你赚得多

耶鲁公开课 - 金融市场课程节选