• Well,that's going to inflate the numbers too because the only managers that kind of raise their hand and say, hey I've got this interesting new approach to managing domestic equities--or whatever the asset class is -are the ones that have succeeded.

    当然是会让指数起点偏高,因为经理人倾向于提供那些,举手说找到有趣的新方法,来管理国内股权投资,其他投资的,成功的历史数据

    耶鲁公开课 - 金融市场课程节选

  • Now there was inflation with regard to a basket of the Consumer Price Index is not just the price of gold; it's the price of many things but the there would be inflation or deflation as the relative price of gold changed.

    现在,就一组物品来说,是存在通货膨胀的,消费者价格指数并不仅仅是金子的价格;,它是很多东西的价格,但是,当金子的相对价格变化时,通货膨胀通货紧缩就会发生。

    耶鲁公开课 - 金融市场课程节选

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