假设市场完全有效，大卫·斯文森就不可能有现在的成绩。

If markets were perfectly efficient, David Swensen could not have done what he did.

youdao

由于核心的假设是，人类是理性的而市场又是有效的，所以，人们对快乐时光如何维持下去的担忧胜过了对风险的关注。

Since the core assumption was that man is rational and markets are efficient, concern about risk took a back seat to concerns over how to make the good times last.

youdao

很明显，能够做到这一点的人必然了解到，比有效市场假设更深层的东西。

I believe it's clear that it is and that people who do so are people who understand more than the core efficient markets theory.

youdao

I believe it's clear that it is and that people who do so are people who understand more than the core efficient markets theory.

很明显,能够做到这一点的人必然了解到,比有效市场假设更深层的东西

耶鲁公开课 - 金融市场课程节选