接下来我们讲第二点，市场时机选择。

Let's move to the second point: market timing.

youdao

股灾的教训是别指望靠市场时机选择赚钱

The take-away is to avoid market timing.

youdao

第二,市场时机选择涉及,偏离长期资产配置的短期操作

The second, market timing, deals with short-term deviations from the long-term asset allocations that you establish.

youdao

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

I think market timing,as I've defined it, has to do with short-term deviations from your long-term policy targets.

正如我之前定义的,市场时机选择,是偏离长期策略目标的,短期操作

耶鲁公开课 - 金融市场课程节选

Most people think that it's not a smart thing to do-- to try to time the market.

大多数人认为把握市场时机,是不是明智的选择

耶鲁公开课 - 金融市场课程节选