I want to talk about Social Security as a risk management technique that developed in the nineteenth century and it developed in Germany.

我想谈谈社会保障,作为19世纪出现的,一种风险管理技巧,它最早出现在德国。

耶鲁公开课 - 金融市场课程节选

The final point that I want to make with respect to security selection actually is a little bit different with the degree of opportunity.

我想说的最后一点是,就证券选择而言,运气也会带来一些差别

耶鲁公开课 - 金融市场课程节选