• We try to be--I think investing is about clipping coupons, about getting cash flow and getting and controlling cash flow, but there are good resellers.

    我们试图-我认为投资就是关于获得票息,关于得到现金流,和控制现金流,但是我们也有好的经销商。

    耶鲁公开课 - 金融市场课程节选

  • There are successful coupon clippers and there are successful securities resellers and they tend to make their money off of the unsuccessful people in the other class.

    既有成功的票息剪券投资者,也有成功的债券经销商,他们希望从其他阶层,不太成功的投资者身上赚钱。

    耶鲁公开课 - 金融市场课程节选

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