Asset disposals, one obvious way of raising cash, are extremely hard to pull off at the moment.

而资产处置——一个募集现金显而易见的办法——在非常这个时期也很难作到。

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And it is inefficiently priced, not least because as an asset class it is hard to short: you can't hedge your exposure.

而且它的定价效率低，尤其是因为作为一种资产它不容易降价：你不能规避你的风险承担。

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It is hard to argue houses are the best asset for building wealth.

真是难以论证房屋是最佳财富累积的资产。

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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

These hard asset investments include companies that own and produce an underlying natural resource.

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The other three asset classes are for appreciation: U.S. stocks, foreign stocks and hard asset stocks.

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Not all of the top armchair gurus bet the ranch on hard asset stocks.

FORBES: Magazine Article