The idea is that people don't see this basic risk management problem and they see things in entirely different terms.

该思想的关键在与人们并没有看到,其中本质的基本风险管理问题,而是站在完全不同的角度去看问题。

耶鲁公开课 - 金融市场课程节选

We have a good system in taxes, but it's imperfect because it hasn't been thought out thoroughly in terms of risk management.

我们有很好的税收制度，但它并不完善,因为它并非完全从风险管理的角度,经过考量而得出的。

耶鲁公开课 - 金融市场课程节选

Bob mentioned in his introduction that I showed up at Yale in 1985, after having spent six years on Wall Street, and I was totally unencumbered by any portfolio management experience.

鲍勃在介绍中提到,我1985年刚来耶鲁时,已经在华尔街待了六年,完全没有任何,投资组合管理的经验

耶鲁公开课 - 金融市场课程节选

What they argued in this paper was that, if we had perfect risk management, then there would be perfect correlation of consumption across countries because if we get rid of the idiosyncratic risks, then all that's left is planet-wide risks.

他们在论文中的观点是，如果我们有完善的风险管理,那在不同国家之间的消费呈完全相关,因为如果我们消除了特有风险，那只剩下全球范围内的市场风险。

耶鲁公开课 - 金融市场课程节选

We couldn't--Petters and Whitebox actually did not disagree, but the--Whitebox got completely disillusioned with management and wasn't--so we sold our stake to Petters.

我们不能够-皮斯特公司和whitebox公司,实际上同意，但是Whitebox公司对管理完全不再抱幻想,所以我们把股份卖给了皮斯特公司。

耶鲁公开课 - 金融市场课程节选