But regardless of how you measure it, for a full half-dozen years, in the midst of this bull market, colleges and universities were over-allocated to fixed income relative to where they had been in June of 1987.
但不管你怎么算,整整六年时间,处于牛市之中,大学的基金,由于1987年6月那次崩盘的影响,过度投资于固定收益债券
Okay. For those who have not seen a radian, it's just another way to measure angle with the understanding that a full circle, which we used to think is 360 degrees, So a radian is roughly 60 degrees.
我想告诉那些还不懂弧度制的同学,这是衡量角度的另一种方法,理解起来是这样的,对于一个整圆,也就是我们之前所说的360°,所以1弧度大约是60°
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