So he stays with the idea that our de facto actual empirical desires are the only basis for moral judgment.

所以他始终认为,我们的实际欲望是道德判断的唯一基础。

耶鲁公开课 - 公正课程节选

The discount rate is now only 2.5% twenty-five basis points higher; it's at 2.5%.

贴现率现在只高了,二十五个基本点；是。

耶鲁公开课 - 金融市场课程节选

This is incredibly important because,when you look at this number that we started out with,saying the benchmark was 9.9 but net of fees the managers on average only lost thirty basis points--or .3% -you'd say,well that's a game I don't mind playing.

这极其重要,因为当你看这些数字时,刚才说过基准收益是9.9%,但是主动管理型基金经理人的平均净利润,只落后了30个基点或者说0.3%,你可能会说这个游戏,我不介意玩一玩

耶鲁公开课 - 金融市场课程节选