If you're investing with a long time horizon, having an equity bias makes sense; stocks go up in the long run.

如果进行长线投资,且存在股权偏好,那么从长期看,股票是上涨的

耶鲁公开课 - 金融市场课程节选

I think one of the most pervasive problems in the financial markets is investment with too short a time horizon.

我认为金融市场上,最为普遍的问题,就是投资期限太短

耶鲁公开课 - 金融市场课程节选

You buy something that's down 30% but it's got another 50% to go and I think it just has to do with time horizon.

某资产价格下跌了30%,你买入,而后它反弹又上涨50%,我认为上涨只是时间问题

耶鲁公开课 - 金融市场课程节选

Two tenets, an equity bias for portfolios with a long time horizon and diversification.

两个原则,长期投资中的股权偏好,以及分散投资

耶鲁公开课 - 金融市场课程节选

By extending your time horizon to three years, or four years,or five years, it opens up a whole host of investment opportunities that aren't available to people that are playing this silly,short-term game.

只有通过将投资延长至三年,四年乃至五年,才会出现大量的获利机会,沉迷于愚蠢的短线操作,是无法得到这些机会的

耶鲁公开课 - 金融市场课程节选