The gap in what Morningstar calls the "Conservative allocation fund" is 0.3% per year.

在晨星公司所称的"保守配置型基金"中,每年大约存在0.3%的缺口

耶鲁公开课 - 金融市场课程节选

For the ten years ended June 30,2005, it returned 9.9% per year and then the average return for the actively managed equity fund was 9.6% per year, so we're back to that thirty basis points.

截至2005年6月30日的10年间,该指数年收益率为9.9%,而主动管理型股权基金的年平收益率为9.6%,我们落后30个基点

耶鲁公开课 - 金融市场课程节选

Anyway, the person wrote-- he was talking about fires and was proposing that people should pay 1% of the value of the home every year into a fund and then the fund would be used to replace the home if it burned down.

反正,这人写道...,他当时是讨论火灾,并提出,人们应该每年将自己房屋价值的1%的金额,交给一个基金会,那么如果有房子烧毁了,基金会就可以用这笔钱来重建它

耶鲁公开课 - 金融市场课程节选