And one thing that seems intrinsically bad, one thing that seems to reduce the value of a life, is pain.
有一样东西看似本身就是坏的,它似乎在减少生命的价值,是痛苦。
That's a very specific health claim that that company is making, that eating Honey Nut Cheerios will allow you to reduce your cholesterol.
这是一个很特别的健康宣示,那家公司所生产的,吃坚果甜麦片 会让你降低胆固醇
The purpose of sex is to reduce excitation, to annul desire.
性的目的在于将刺激减少的普通欲望的程度。
There's a very important principle that finally comes out here, it is that you always want to reduce the variance of your portfolio as much as you can.
现在这里有一个非常重要的原则,即你总是想要降低你投资组合的方差,降得越低越好。
So, the optimal thing to do if you live in a world like this n is to get n as large possible and you can reduce the standard deviation of the portfolio very much and there's no cost in terms of expected return.
如果现实中也这样简单的话,那么你就尽量增大,这样就能让投资组合的标准差,就会大大降低,从预期收益率的角度来看,这样做的成本是零。
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