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But in society today, and we'll talk a bit about security topics -- and such throughout the course, for cryptography -- for encrypting things like your credit card information and bank accounts -- you don't use 32 bits, you don't use 64 bits, you generally use 1024 bits, 4,048 bits.
但在当今的社会上，我们将讨论一点安全方面的知识,贯穿整个课程，密码学-,加密一些像信用卡信息,银行账号之类的东西--你不能用32位，你也不能用64位，你通常要使用1024位，4048位。
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and it's all about the security situation in the world right now between states,
它是一门关于当下各国之间安全局势的课程。
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Of course, if think about it, as a community, the investment community is going to lose from security selection decisions.
其实很好理解,想想看,投资者群体可能,由于证券选择决策失误而蒙受损失
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And with some generals or with whoever else, homeland security, how did you go about settling these fights?
或者是和其他官员，关于国分歧家安全问题有分歧，你是怎么处理这些分歧呢？
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I want to talk about Social Security as a risk management technique that developed in the nineteenth century and it developed in Germany.
我想谈谈社会保障,作为19世纪出现的,一种风险管理技巧,它最早出现在德国。
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I think the first thing that everybody involved in government has to be and who cares about the country has to be worried about is the security of this country.
我认为政府的工作人员,首要担心的是，以及,关心这个国家的任何人首要担心的,就是国家的安全。
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We've already talked about how security selection is a zero-sum game.
我们已经讨论过,证券选择是个零和博弈
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What worries you about America today, terrorism, wars in Iraq, Afghanistan, economy, the deficit, medicare, social security or America's place in the world, which many say sliping or begining to slip?
今天的美国哪些地方让你担心呢，恐怖主义，对伊拉克和阿富汗战争，经济，赤字，医疗保险，社会保障,还是美国的国际地位，有人称美国的地位正在或开始下滑？
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Alternatively, if I went back to the office and took Yale's $22.5 billion dollars and decided that I was going to day trade bond futures, security selection wouldn't have anything to say about the returns; asset allocation wouldn't have anything to say about the returns.
或者,如果我回到办公室,把耶鲁的225亿美元,投资于即日平仓的债券期货,在这种情况下,证券选择不会影响回报率,资产配置也不会影响回报率
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