They didn't want flippers; they didn't want the company that's speculating in real estate, they want it to be a holder of real estate.

国会不希望投资者快进快出,不希望他们在房地产市场投机,而是希望他们是房地产的持有人

耶鲁公开课 - 金融市场课程节选

Are you going to hold the market portfolio, index your assets, match the markets results?

你是应该持有市场投资组合,指数化资产,获取与市场一致的回报率

耶鲁公开课 - 金融市场课程节选

There's also commercial real estate, which is smaller than owner-occupied homes, but we own that indirectly too, as a people, through the stocks that we own and through the institutions we participate in.

除此之外还有商业地产市场,它比自有住房市场要小,但人们也可以间接持有商业房产,人们可以通过持有股份,及参加一些机构的方式来持有商业地产

耶鲁公开课 - 金融市场课程节选