还是说，我应该投入时间和精力，去找一流的债券经理人，一流的不动产或杠杆收购经理人，或者一流的风险投资经理人。

Or should I spend my time and energy trying to find the top quartile bond, top quartile real estate manager, or buyout manager, or venture capital manager?

youdao

这些都是华尔街的投资者和基金经理人可能不会完全注意到的细节。

These are details that investors and fund managers on Wall Street may not be fully aware of.

youdao

然而，投资人撤资的低效率、基金表现差强人意和经理人的获利都要得到安排和解决 。

Then inefficiencies and performance distortions of withdrawing money for investors and profit-taking for managers are smoothed out.

youdao

Or should I spend my time and energy trying to find the top quartile bond, top quartile real estate manager,or buyout manager, or venture capital manager?

还是说,我应该投入时间和精力,去找一流的债券经理人,一流的不动产或杠杆收购经理人,或者一流的风险投资经理人

耶鲁公开课 - 金融市场课程节选

You want to spend your time and energy pursuing the most inefficiently priced asset classes because there's an enormous reward for identifying the top quartile venture capitalist and almost no reward for being in the top quartile of the high- quality bond universe.

你应该投入所有的时间和精力,去追逐最不能有效定价的资产,因为在那里才能通过一流的风投经理人,获得巨额的投资回报,而在债券市场,即使债券优质,经理人一流,回报微乎甚微

耶鲁公开课 - 金融市场课程节选