Final source of returns — security selection.

最后一个收益来源，证券选择。

youdao

We've already talked about how security selection is a zero-sum game.

我们已经讨论过，证券选择是个零和博弈。

youdao

The second is security selection, which isn't dependent on growth but good research.

第二种是证券选择，这一种与增长无关，完全依赖于出色的调研。

youdao

Of course, if think about it, as a community, the investment community is going to lose from security selection decisions.

其实很好理解,想想看,投资者群体可能,由于证券选择决策失误而蒙受损失

耶鲁公开课 - 金融市场课程节选

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

耶鲁公开课 - 金融市场课程节选

The final point that I want to make with respect to security selection actually is a little bit different with the degree of opportunity.

我想说的最后一点是,就证券选择而言,运气也会带来一些差别

耶鲁公开课 - 金融市场课程节选

Active management claims to deliver additional benefits (the ever allusive alpha) through either individual security selection or market timing.

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Because dozens of things were presumably involved in the security selection.

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The active manager claims that through either market timing or individual security selection he can add value to your investment portfolio in excess of his costs.

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