A company has a profit and loss statement and there's something that is called net income, which is the measure of how much the company is making the profits after expenses of the company, called the bottom line.

例如,每家公司都有损益表,还有净利润,净利润指公司收益总额,扣除经济成本,也称为盈亏结算线

耶鲁公开课 - 金融市场课程节选

This is incredibly important because,when you look at this number that we started out with,saying the benchmark was 9.9 but net of fees the managers on average only lost thirty basis points--or .3% -you'd say,well that's a game I don't mind playing.

这极其重要,因为当你看这些数字时,刚才说过基准收益是9.9%,但是主动管理型基金经理人的平均净利润,只落后了30个基点或者说0.3%,你可能会说这个游戏,我不介意玩一玩

耶鲁公开课 - 金融市场课程节选