That means, we started to learn management science in the government, so that government--and also in corporations-- so they could manage effectively.

这意味着政府部门的官员,开始学习管理科学，公司里也是一样-,他们可以有效管理。

耶鲁公开课 - 金融市场课程节选

The thing that's really doing the heavy hitting on risk management is really the tax and welfare system.

而税收和福利制度能真正有效地,实现风险管理。

耶鲁公开课 - 金融市场课程节选

There are a lot of people that can do work, and if you have a more efficient way to manage a large crowd of engineers, you can be very competitive in the technology world.

人们的工作能力毋庸置疑，如果你能够有效管理,一个大的团队，那么在这个领域，你的竞争力就提升了。

斯坦福公开课 - 百度CEO李彦宏演讲：全球最大搜索引擎的发展课程节选

And with respect to securities selection, you want to consider your skills and you want to consider the efficiency of markets when you're making your decisions as to whether or not to pursue passive management or active management.

证券选择方面,要考虑自身能力与市场有效性,从而决定,是采用被动型管理,还是主动型管理

耶鲁公开课 - 金融市场课程节选