如果说结构化金融产品的完全失败教会了我们一件事的话，那就是不可能用单一的计量方法来测度风险。

If the fiasco of structured finance has taught us one thing, it is that risk is not adequately captured by one simple measure.

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在发生故障时，这会造成单一故障点，风险很大。

This creates the risk of a major single point of failure situation.

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在单一服务器中，您有为应用程序中创建瓶颈，或者单一故障点的风险。

With a single server, you are at risk of creating both a bottleneck, and a single point of failure for your applications.

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When you look at each of those individual asset classes -domestic equities, foreign equities, bonds, real assets, absolute return and private equity -each of those individual asset classes is going to be relatively well-diversified in terms of exposures to individual positions or individual securities.

当你观察每一种资产,比如国内股权,国外股权,债券,不动产,绝对收益和私募股权,这其中每一种,比起单一头寸或单一证券,风险都是相对分散的

耶鲁公开课 - 金融市场课程节选