What really matters to you as an investor is how much you have to pay today to get $100 in sixty days.

对于一个投资者来说,重要的是,现在你需要支付多少钱,才能在60天后获得100美元

耶鲁公开课 - 金融市场课程节选

The take-aways are that an equity bias is an absolutely sensible underpinning for investors with long time horizons but that diversification is important.

对于长期投资者来说,股权偏好的存在,是长期投资获利的重要基础,但是分散投资也很重要

耶鲁公开课 - 金融市场课程节选

The stock market is the best investment for long-term holders who can just buy and hold through the ups and down of the market."

对于那些能在股票市场的跌宕起伏中,一直持股的长线投资者而言,股票市场是最佳的投资

耶鲁公开课 - 金融市场课程节选

Systematically, investors are buying after things have gone up, selling after they've gone down, and the problem is most severe in those funds that show the greatest volatility.

投资者都一窝蜂似的,上涨之后才买进,下跌之后才卖出,对于波动最大的那些基金,问题更严重

耶鲁公开课 - 金融市场课程节选

I mean,this romantic notion of what goes on in Silicon Valley actually still holds true in a lot of cases but there's absolutely no way, as a venture capital investor, you could index the venture capital market.

比如,硅谷崛起的故事,实际上许多其他地方也有类似的例子,但是对于风险投资者来说,指数化风险资本市场,是绝对不可能的

耶鲁公开课 - 金融市场课程节选

A corporation is an entity that could be sued or could lose more money than it's worth, but the value of a corporation can never fall below zero to the investors because the investors are not liable for the mistakes of the corporation.

公司是一个实体,它可能被起诉,或者亏损额超过了自身的价值,但是对于投资者而言,公司的价值永远不会小于零,因为投资者对公司的过失,不负有责任

耶鲁公开课 - 金融市场课程节选

It's for small investors because currently the limit on the SEC is $100,000; that's not a lot of money.

对于小额投资者,SEC规定的最低担保额为10万美元,实在不算多

耶鲁公开课 - 金融市场课程节选