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We had a lot of arguments within the management, within the board, and among the investors, and I finally decided that's the way to go.
当时在管理层内发生了许多争论，在董事会以及投资方方面也是如此，但我决心要走这条路。
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to be fair, it's the government's job to regulate those standards because
公平来说，管理这些标准是政府的工作，因为
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I'm transferring this to the portfolio management problem and you can see it's the same idea.
如果将保险转化为投资组合管理的问题,你会发现原理是一样的。
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Let's continue with the administration.
继续讲一些行政管理上的事。
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They manage the president's schedule.
管理总统日常计划。
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He's a bird keeper.
他是一个鸟类管理员。
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Portfolio management pools risks in a different way: by assembling a diversified portfolio or a portfolio that's negatively correlated with a risk that someone has.
而投资组合管理采用了不同的方式,多元化的资产配置,或者风险负相关性的,投资组合
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Today, they're a very important part of the fund's management framework.
如今,对冲基金是,基金管理体系的重要一环
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