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There is no better time to start a new company or a new idea than a depression or recession because a lot of the management teams were being asked to leave.
金融衰退和大萧条是,建立一个公司或是发展一个新想法的最好时机,因为很多管理团队都被辞退了。
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You get all of these... No matter where you go, they spend a lot of money and everything.
你会看到这一切……无论你去哪儿，他们都会花很多钱，真可谓倾其所有。
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Quite a lot of you; this is a movie, it has pretty good action, virtually no plot.
不少人看过啊,这是一部几乎没有情节的动作大片
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And notice by the by, that when we make choices about our future, from the hedonist point of view, at least, there's no particular need to dwell a whole lot on the past, because what's done is done.
需要注意的是，当我们,为未来作选择时，起码享乐主义者认为，不必过分着眼于过去，因为过去的已经过去。
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But the point is Reagan supported that effort and that made all the difference, and it took a lot of courage Reagan was going to take the recession in 1982 He was willing to support Volker no matter what to get the inflation down ... Alright, so... Interest rates in the summer of 1980 were quite high Yes, they were.
但是，里根力挺了这次货币改革,这才是重点，下这样的决心不容易,里根本打算在1982年来狠抓经济衰退2,他很信任沃尔克,为了降低通胀率，可以不惜一切代价,好吧，那么。,1980年夏天，银行利率已经相当高了,没错，确实如此。
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that a lot of times those people are doing the jobs that no one else wants to do.
很多时候那些人都在干没人想干的工作。
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Here I was, back at Yale, with a billion dollar portfolio -it seemed like a lot of money at the time no portfolio management experience.
那时我在耶鲁,要管理上十亿美元的投资组合,在当时,那是笔巨款,而我却没有任何投资组合管理经验
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Okay. Okay, so no surprises on how many calories were coming in meals, but in snacks yes, because there's a lot of stuff that you kind of don't consider when you're just noshing here and there and it kind of adds up.
好,从正餐中摄取的热量并不令人惊讶,但是从零食中的热量摄入令人吃惊,因为当你不经意地吃点小零食时,热量就在悄悄累积
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And then there is no ocean there. A lot, a lot of basketball there.
那里没有海。比较多打篮球。
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So I heard a lot of people say "No that's my last outdoor direction trip."
所以我听到很多人说,“哦不，这是我最后一次远足“
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But more about that. I'll talk about that a lot and try to explain and try to explain there was no revolution in England in 1848.
但更多的,我会经常提到,并解释,为什么英国在一八四八年没有发生革命
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If you will buy stock in an electrical utility which has a guaranteed revenue stream, because no matter how bad the economy gets, a lot of people still use electricity, you don't expect it to fluctuate a lot.
如果你在有着,保障性年收入的电气供应股票投资，因为不管经济变得怎么查，人们还得用电，它不会降多少。
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They say it's terrible because they'll have a kid and the kid'll grow up freaky and then the experimenter--it's an interview situation--says, "Well, no. Remember they're both using a lot of birth control."
他们说太糟糕了，他们会生小孩的,小孩长大会变怪胎的,然后向他们提问的实验者说，“不会，他们都做了避孕措施”
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No. I know a lot of people with a lot of money and
不。我认识很多有钱人，
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Let me disclaim, too, we're by no means perfect so the Harvard courses APP that a lot of you used on the web to shop for courses, we recently sent out a form to get feedback from everyone because we don't doubt that it was imperfect the first time around, but we're going to iterate and make amends with that.
我不是说，我不是说要完美,你们大部分使用哈佛大学课程APP来在网上选课,我们最近给你们发了一个表单，从你们那里,得到反馈，因为我不怀疑,第一次时它是有瑕疵的,但是我们将反复地道歉。
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Now, no doubt, you can kill people in a lot of different ways.
毋庸置疑,杀一个人的办法很多
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I mean,this romantic notion of what goes on in Silicon Valley actually still holds true in a lot of cases but there's absolutely no way, as a venture capital investor, you could index the venture capital market.
比如,硅谷崛起的故事,实际上许多其他地方也有类似的例子,但是对于风险投资者来说,指数化风险资本市场,是绝对不可能的
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It has a lot of plot and no action, so it's the other way around.
这部影片武打少情节多,和前一步刚好相反
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So the courses I took - -actually I took some English history obviously - I took no American history which would be the field I did in the PHD, but I took a lot of courses in philosophy, in literature.
所以我选了一些课程,当然我选修了英国历史-,但我没有学美国历史,因为那是我博士时的课程，但我选了很多哲学和文学方面的课程。
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As saying in a television interview, this is Allen Greenspan while I was aware of a lot of these practices, these lending, were going on, I had no notion of how significant they had become until very late.
这是他接受采访时说的，艾伦，格林斯潘说,我之前i就知道有很多不规范行为，：，“,这些借款，但我不知道问题的严重性,直到很晚。
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