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
most of it is really a kind of high-end stuff. You can see, you know, what's trendy, what's new there,
其中很多商品真是高品质的。你可以看得到,流行的、新潮的东西,
Now, what happened was the U.S. Government-- or the Massachusetts Government--had created high inflation during the war and nobody wanted to lend money to it so they create here a price index.
当时的美国政府,或者说麻省州政府在战争期间引发了高通胀,以至于没人愿意借钱给他们,于是他们制定了一个价格指数
So when you put together the race risk that was highest if-- you may remember in the Mexican-Americans, and with the gender risk, higher rates in women, you'd expect the rates to be especially high in Mexican-American women, and in fact, that's what you find.
将有最高患病风险的种族,记得是墨西哥裔美国人,结合患病风险较高的女性,我们会预想墨西哥裔女性,患病的风险会特别高,而事实上这也是研究得到的结果
So if you look Chanel, Cartier, Rolex... anything you want that's high-end, you're going to find it here.
所以你要是想买香奈尔、卡地亚、劳力士……所有你想买的高端的东西在这里都能找到。
Yeah, it really depends on what you're looking for. There's a lot of high-end stores in this neighborhood.
这得看你想买什么。这附近有很多高档产品。
Like there's high-fashion, but then there's also like grungier, kind of, street-style, you know.
比如那里有高级时装,但也有脏乱不堪的,有点街头风格的着装。
I'm going to come back to that in a second with that, but I need to do one more example, and I've got to use my high-tech really expensive props. Right. So here's the fourth or fifth whatever we're up to, I guess fifth example.
并且我会用到我的,高科技的昂贵小道具,好,这是第四个还是第五个了?,好,我猜是第五个例子了,这是个被称为汉诺塔的问题。
We got used to hearing it that way, so it's kind of-- every time, you know, Schumann wants to write about the merry farmer-- But every time Chopin wants to write a funeral march-- And there's a tendency also-- minor low, major high, kind of thing.
我们早已习惯听到这种模式,因此它算...,要知道,每次,舒曼想写关于快乐的农夫的曲子,而肖邦总要写葬礼进行曲,还有一种趋向,小调低沉,大调高昂之类的
But it's mostly... it's not like high-rises or something.
并不是那种高楼大厦。
As people's weights get high -I'm sorry let's go back here, got a little trigger happy here -as weights go high, from left to right you see the risk of Diabetes gets really very high.
随着体重的上升,抱歉,应该回到上一张幻灯片,刚才按多了,在曲线上从左到右,随着体重的上升,患糖尿病的风险在迅速上升
They want to make sure that there's a significantly high probability-- sufficiently high probability-- that even if they get a bad draw and there are a lot policies that require paying out, that these reserves will satisfy.
他们想要确保,即使保险公司遇上严重事件,面临大量的保单赔付,他们仍然有充分能力,来应付这种状况,也就是说准备金必须足够多
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