That's not a way that we really think about it, but I do believe that the risk level of the University's portfolio is really quite low in statistical terms -much lower than the risk level that you'd have if you had a traditional portfolio dominated by marketable securities.

这一般不是我们考虑的关键,但我相信,耶鲁投资组合的风险水平,在统计数字上是非常低的,远远低于,持有一个传统的可交易证券主导的,投资组合的beta系数

耶鲁公开课 - 金融市场课程节选

It's much better--the uncertainty about x/n is much lower for the case n = 100 than it was for the case n = 1, but it's still there.

当n=100时,x/n的不确定性,比n=1时要小得多,但是不确定性仍然是存在的

耶鲁公开课 - 金融市场课程节选