Does Money Explain Asset Returns?

这是否说明货币资产回报？

youdao

What then does common sense tell us about future asset returns?

那么，有关未來的资产报酬率，常识告诉我们些什么呢？

youdao

But no system can completely protect us from the problem of lower asset returns.

但是没有什么体系能够完全保护我们不受资产缩水的困扰。

youdao

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

耶鲁公开课 - 金融市场课程节选

The last man standing is asset allocation and that tends to drive both institutional returns and individual returns.

能决定回报率的只剩下资产配置,它将决定,机构投资和个人投资的回报率

耶鲁公开课 - 金融市场课程节选

If an asset class has constituents that are efficiently priced, then it's very hard to generate excess returns.

如果某种资产的构成都是有效定价的,那么就很难产生超额回报

耶鲁公开课 - 金融市场课程节选

First, assumptions about asset returns may be overly aggressive in light of recent performance.

FORBES

Yet investors that stuck around the market were rewarded with the biggest asset returns of the year.

FORBES: Sure, Treasuries Are Swell, But Muni Bonds Were the Rock Stars Of 2011

But even if asset returns are estimated accurately, the high expected return reflects the greater risk inherent in equity investments.

FORBES