So I think it's very much cultural and related also to religion and Islam,and people,you know, like to believe that we don't have such conducts here.

VOA: standard.2010.07.07

So, the optimal thing to do if you live in a world like this n is to get n as large possible and you can reduce the standard deviation of the portfolio very much and there's no cost in terms of expected return.

如果现实中也这样简单的话,那么你就尽量增大,这样就能让投资组合的标准差,就会大大降低,从预期收益率的角度来看,这样做的成本是零。

耶鲁公开课 - 金融市场课程节选

You get nineteen times your money over eighty-one years, but then if you take into account the inflation consumes a multiple of eleven and you're an institution like Yale that consumes only after inflation returns, putting your money into treasury bills really didn't get you very much.

1年后你的钱翻了19倍,但是如果考虑通货膨胀,在此期间侵蚀了11倍的收益,而且如果你是像耶鲁这样,减去通货膨胀调整到实际回报后再论支出,那么将钱投资于短期国库券,不会让你赚得多

耶鲁公开课 - 金融市场课程节选

Whatever we may think about this view, whether we like it or don't like it or whatever your view might be, you must also confront another famous, more like infamous, doctrine that is also very much a part of Book I.

无论我们会如何思考这个观点，也无论我们喜欢与否,更不管你的观点为何，你都必需要面对另一项著名，或更像是恶名，同样也是在第，I，册提及的学说。

耶鲁公开课 - 政治哲学导论课程节选