如果基金会经营有道，那么它们就能影响慈善团体花掉剩余资金的方式。

If foundations give wisely, they can influence the way charities spend the rest of their money.

youdao

其他人则已经开始经营只做多头基金，由此启动了一个大得多的市场。

Others have started long-only funds, thereby opening up a much bigger market.

youdao

Bernie Madoff的欺诈不是过度刺激的结果，严格意义上来说，他不是经营一个对冲基金。

The fraud of Bernie Madoff (who did not technically run a hedge fund) was not the result of bad incentives; he earned no management fee at all.

youdao

Harvard University, Princeton University, and other universities have done extremely well on their endowments; however, not quite as well as Yale.

哈佛大学 普林斯顿大学,和其他的大学,各自的基金上都经营得很好,但是,都比不上耶鲁大学

耶鲁公开课 - 金融市场课程节选