Builders were doing extremely well until a couple of years ago their stock was soaring--now all of a sudden they're in crisis.

直至前几年建造商们的表现一直非常优异,本来股票大涨,忽然就陷入了危机

耶鲁公开课 - 金融市场课程节选

All of a sudden the underperforming fund's record disappears and the assets are in a fund that has a better record -a record that you can actually market.

于是运作不佳的基金消失了,改头换面以优异基金的形式出现,其优良的记录可以用来做基金销售的依据

耶鲁公开课 - 金融市场课程节选

What most people are doing when they go into a mutual fund is they're trying to find smart people who will beat the market-- who will pick those stocks that will do well.

大多数人投资共同基金,实际是在寻找聪明之辈,来帮助他们获取更高收益率...,来挑选表现最为优异的股票

耶鲁公开课 - 金融市场课程节选