Rather initially when we started our walk I pointed to a caboose but by pointing to the caboose I picked out a train.

反而一开始我们走的时候,我指着车尾,但通过指着车尾,我说的是一辆火车。

耶鲁公开课 - 死亡课程节选

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