Of course, if think about it, as a community, the investment community is going to lose from security selection decisions.

其实很好理解,想想看,投资者群体可能,由于证券选择决策失误而蒙受损失

耶鲁公开课 - 金融市场课程节选

The same way that these investors and the Internet tech funds lost their money.

这与这些投资者和网络技术基金,蒙受损失的道理是一样的

耶鲁公开课 - 金融市场课程节选

Again, that is a problem that lenders have that the company that's borrowing the money has this unfortunate incentive, at least at certain times, to take excessive risks because the debtors will end up bearing the losses.

这便是贷方遇到的又一问题,即借款公司可能会,抱有此种不良动机,至少在特定情况下会过分地追求风险,这样最终蒙受损失的将是债务人

耶鲁公开课 - 金融市场课程节选