So, SIPC was set up in 1970 and SIPC insures cash accounts up to $100,000 and securities accounts up to $500,000.

证券投资者保护公司于1970年成立,其对现金账户的保护金额高达10万美元,对证券账户的保护金额高达50万

耶鲁公开课 - 金融市场课程节选

The Securities and Exchange Commission is the principal government regulator for securities.

证券交易委员会是,政府对证券的主要监管机构。

耶鲁公开课 - 金融市场课程节选

They cared terribly about the consequences to their clients in the long term from the securities they sold. That ethos, by the time the year 2006 came along, had pretty well disappeared.

他们对于卖出的证券对,客户的长期影响非常重视,而这种风气到了2006年的时候6,已经遗失殆尽了。

斯坦福公开课 - 经济学课程节选

Troubled banks then who have this the problem banks have now is they have these securitized mortgages that they've bought and the homeowners are defaulting on the mortgages now.

于是出于困境中的银行,现在银行的问题在于,他们持有自己买的,证券化按揭贷款,而房屋持有者却,对抵押借款拖欠。

耶鲁公开课 - 金融市场课程节选

So there's a panic in the market for securitized mortgages - and the price is often very low or if it's they're very hard to market and hard to sell.

所以，在市场上,证券化按揭贷款引起了恐慌,并且价格通常很低或者说如果它,他们很那出售而且对市场不利。

耶鲁公开课 - 金融市场课程节选

Basically, what it did was it made it feel that people wouldn't get cheated; the SEC was a strong regulator and it really did restore confidence in the financial markets in this country.

证券交易委员会的辛勤付出,使人们感到不会受骗,证券交易委员会是一个强大的监管机构,它也重塑了,这个国家对金融市场的信心

耶鲁公开课 - 金融市场课程节选

Finally, I just want to say, next lecture is January twenty-eighth and we're going to talk about portfolio diversification, which is one very important application of the fundamental principle of risk management, as applied to securities.

最后，我想说下一讲是在1月28日,到时我们会谈谈资产组合多样化，这是风险管理基本原则中,对证券投资来说，这是非常重要的一项应用。

耶鲁公开课 - 金融市场课程节选

So, it's not surprising that asset allocation explains more than 100% of returns and that, for the community as a whole, market timing and security selection are costly and lower the community's aggregate investment returns.

因此资产配置能解释100%以上的回报,也不足为奇了,对投资者整体来说,市场时机选择,和证券选择是有代价的,降低了总的投资回报

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

The definition is in Regulation D, which defines an accredited investor.

这是条例D里,条例D,美国证券交易委员会制定的一部法规 对可信投资者作出的定义

耶鲁公开课 - 金融市场课程节选