统计显示,它的回报和证券市场回报密切关联。
The statistics suggest its returns are closely correlated with the stockmarket.
媒体因此而获得大众市场,并获得市场回报。
The media therefore obtains the populace market, and obtains the market repayment.
投资人乐意为技巧付出高昂的费用,但认为市场回报是理所当然。
Investors are happy to pay high fees for the skill, but regard the market return as a commodity.
Or are you going to manage each individual asset class actively, trying to beat the market and generate risk-adjusted excess returns?
还是积极管理每项资产,力求获得市场水平以上的回报率,以及风险调整后的超额收益
Well there actually was a stock market in Russia before 1918 and in China before 1949, so what happened to investors?
实际上,俄罗斯在1918年前,中国在1949年前设有股票市场,那么投资者会得到怎样的回报呢
Well, it can only be true if security selection and market timing detract from institutional returns or individual returns in the aggregate.
唯一的可能性就是证券选择,和市场时机选择,给机构和个人带来的是负的回报
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