所谓共同基金定理(mutual fund theorem),在一般金融学理论中很少提及。规范的“分散定理”由托宾最早提出,但华尔街却总是把共同基金定理跟CAPM联系在一起,信息经济学...
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The mutual fund theory that we gave last time said, no the mutual fund is just supposed to be diversifying for you.
但上节课讲到的共同基金定理认为,共同基金的目的是分散投资
The theory of mutual funds is: nobody is supposed to be holding anything other than-- ... the ideal theory of mutual funds--is holding something other than this tangency portfolio.
共同基金定理是指:,所有人都应该持有-,理想的共同基金定理说,都应该持有这种切线投资组合。
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