My favorite way to measure the results is actually to compare what Yale achieved with what we would have had if we would have just experienced average returns over the past twenty years.

在衡量成绩时,我喜欢的做法是,将过去20年耶鲁模式下获得的资产,与市场平均收益率计算的资产,进行比较

耶鲁公开课 - 金融市场课程节选

I computed the returns on the stocks, bonds, and oil for every year from 1983 and I computed the average returns, which I take as the expected returns, I took the standard deviations, and I took the covariance.

我计算了从1983年以来每年的股票,债券和石油的收益，从而得出平均收益率，这些平均收益率作为预期收益率，然后算得标准差及协方差。

耶鲁公开课 - 金融市场课程节选

The difference between the average return for colleges and universities and Yale's returns has added $14.4 billion dollars to the University's coffers.

其他高校的平均收益率,与耶鲁的收益率的差距,为耶鲁财政增加了144亿美元

耶鲁公开课 - 金融市场课程节选

What he says you should do instead is to take the geometric average of gross returns.

他认为应该,对每年的收益求几何平均

耶鲁公开课 - 金融市场课程节选