And so they did come back hundred years later and conquered it, and since--this is the link that explains the old story.
所以他们百年后回来并征服了这片土地,之后...这是一条线索,能解释这一古老的故事
So, it's not surprising that asset allocation explains more than 100% of returns and that, for the community as a whole, market timing and security selection are costly and lower the community's aggregate investment returns.
因此资产配置能解释100%以上的回报,也不足为奇了,对投资者整体来说,市场时机选择,和证券选择是有代价的,降低了总的投资回报
That little J shaped curve is explained primarily by cigarette smoking because that keeps weight down in people, it also makes people sick so that their weight gets low because of that, and it explains the high rates of the disease risk there.
这个小J形曲线主要是由吸烟引起的,因为吸烟一方面能让体重降低,另一方面也引起疾病,疾病让人们的体重下降,这也解释了这里的高患病风险
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