Or are you going to manage each individual asset class actively, trying to beat the market and generate risk-adjusted excess returns?
还是积极管理每项资产,力求获得市场水平以上的回报率,以及风险调整后的超额收益
So there's not a lot of room in the government bond market or other high-quality bond markets to generate excess returns.
所以对于政府债券或者优质债券,超额收益的空间不大
All of us need some money, but some people really enjoy doing work that may not generate, if it's non-profit work like what we do.
我们都需要一些钱,但有些人,是真的乐于从事平凡的工作,比如说像我们做的这种不会发财的工作。
We could, write the work that we generate -w that comes out as negative w.
的热机相连,热机运行做功。
Pluripotent stem cells that are capable of self-renewal to generate themselves and are capable of dividing into both bioloid and lymphoid progenitor cells.
多能干细胞,是能够通过自我更新进行自我生成的细胞,也能分化成髓系祖细胞,或者淋巴祖细胞
He was a Yale graduate, class of 1914 and unfortunately I seem to have misplaced-- Well, I can generate a little bit of it here.
他是耶鲁1914级的毕业生,真不巧,我找不到乐谱了,好吧,我试着弹一段吧
It would generate an electrical signal because it would - you'd open the ion channel and you would ion fluxes and you would change the membrane potential in just the way I described for the action potential.
它会产生一个电信号,因为--,离子通道会打开,产生离子流,膜电位会改变,像我讲动作电位时那样
As a matter of fact,if things were perfectly efficiently priced, there wouldn't be any opportunity to generate excess returns and if you make active bets--if you make bets against the market -then whether you win or lose has to do with luck.
事实上,如果资产都是有效定价的,那么根本不可能获得任何超额收益,如果你主动一搏,要从市场中获利,那么无论得失都只能靠运气了
So we're talking about an experiment when you generate-- Each experiment generates both an x and a y observation and we know when x is high, y also tends to be high, or whether it's the other way around.
这里说的是由试验产生的,每一次试验可以获得一组x与y的观察值,当x值大的时候,y值可能也大,或者相反
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