If you're a hedge fund, you're not for the public -you're not approved for investing by the public.

对冲基金并不面向公众,无法获得面向公众募资的权利

耶鲁公开课 - 金融市场课程节选

Then he observed, through time, after subjecting pigeons to this torture for some time -it might be not approved by--it's not really torture, it's like dieting or something, you've all lived through that, right?

随着时间流逝,他还观察,在这酷刑实施了一段时间后,也不能真的说是酷刑,其实有点像节食之类的,你们很多人也节食过,对吧

耶鲁公开课 - 金融市场课程节选