Well, one of the lessons of this course is we have a wonderful theory, but we don't manage it well, mostly.

我们在这门课里可以学到的一点是,我们拥有很好的理论，但在实践中却总是不能应用得当。

耶鲁公开课 - 金融市场课程节选

Their first answer was well you have to remember we were set up in Abe Lincoln's day to manage the national banks--that's our mission.

他立刻回答道,你应该记得,我们机构是在林肯那个时代建立的,我们的任务仅仅是管理本土的银行。

耶鲁公开课 - 金融市场课程节选

Unencumbered by, I guess, the conventional wisdom, we started out at Yale on a path that I think is--fundamentally that changed the way that institutions manage portfolios.

抛开惯常思维和传统做法,我们在耶鲁开创了一条新路,一条我认为,从根本上,改变了机构投资管理方式的新路

耶鲁公开课 - 金融市场课程节选

It means we really haven't done anything-- that's an exaggeration-- we've done very little to manage risks that individuals or that countries face, for that matter, or even individuals face.

这意味着我们面对冲击无动于衷-,这有点夸张-,我们只做了很少努力,来管理个人，或国家面临的风险。

耶鲁公开课 - 金融市场课程节选

That doesn't mean that we don't manage the portfolio actively.

这并不意味着我们不是主动型管理

耶鲁公开课 - 金融市场课程节选