The tangency portfolio is the portfolio that one should hold.

切点投资组合就是我们应该持有的投资组合。

耶鲁公开课 - 金融市场课程节选

If you agree with my estimates, then you should do this as an investor, you should hold only some mixture of this tangency portfolio, which is 9% oil, 27% stocks, and 64% bonds.

如果你赞同我的估计值，那么作为一个投资者的话你应该这么做，你应该只持有,符合这个切线投资组合比例的投资，即9%的石油，27%的股票，和64%的债券。

耶鲁公开课 - 金融市场课程节选

Hold off again, for a few minutes at least, on the question, so what should we believe ? in the body view, the personality view?

等等，先抽几分钟，讨论一下这个问题，我们应该,相信什么？肉体论？人格论？

耶鲁公开课 - 死亡课程节选

If they're failing they should cut their dividend, but companies are reluctant to do that because it looks bad, so they hold off for a long time, not cutting.

如果效益不好他们应该减少红利,但是公司不愿意这样做,是因为这样显得很糟糕,所以他们一直拖延着不去减少红利

耶鲁公开课 - 金融市场课程节选

The question is: how much reserves should a bank hold?

问题是,银行该留存多少作为准备金呢

耶鲁公开课 - 金融市场课程节选