Suppose you could find 10,000 independent assets, then you could drive the uncertainty about the portfolio practically to 0.

假设你能找到一万项相互独立的资产，那么你就可以将这个投资组合的风险,降到几乎为零。

耶鲁公开课 - 金融市场课程节选

This is a special case, though, because I've assumed that the assets are independent of each other, which isn't usually the case.

这是一个特例，因为我假设了,这个投资组合里的资产是相互独立的，但现实中通常都不是这样的。

耶鲁公开课 - 金融市场课程节选

.. If you can find assets that all have-- that are all independent of each other, you can reduce the variance of the portfolio very far.

如果你能找到这样的一些资产-,一些相互独立的资产，就能很大程度上缩小这个投资组合的方差。

耶鲁公开课 - 金融市场课程节选

Suppose we had a lot of different stocks that we could put into a portfolio, and suppose they're all independent of each other-- that means there's no correlation.

假设我们现在有很多只不同的股票,可以放进我们的投资组合里，同时假设它们都是相互独立的-,也就是说它们之间没有相关性。

耶鲁公开课 - 金融市场课程节选

To do well in investing you have to have your own independent view of things and really be thinking about how things work and he is someone who does that.

如果你想要在投资领域中表现出色,你就必须有独立的观点,了解事物的运行规律,而他正是这样一个人

耶鲁公开课 - 金融市场课程节选

Investment banking had to be a separate firm.

投资银行业务必须由独立公司承担。

耶鲁公开课 - 金融市场课程节选