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I wrote my first book--I already talked about that, Pioneering Portfolio Management--that deals with the challenges that face institutional investors.
我写的第一本书,我已经提到过了,《机构投资的创新之路》,讨论了机构投资者所面临的挑战
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a lot of institutional work where you do music for commercials.
很多机构性的工作，你做音乐只是为了达到商业目的。
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They also grow more in countries that have institutional structures that encourage investing in mutual funds, such as pension plans.
此外,在那些,建立了鼓励投资共同基金制度结构,比如养老基金计划的国家,共同基金的发展也比较快
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The institutional and educational requirements of Plato's Republic share many features with a place like Yale.
柏拉图《理想国》的制度,与教育条件特色,有许多方面和耶鲁是共通的。
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It would be utterly inadequate for us to account for this institutional and surreal institutional power that Milton holds over us by stating blandly that Milton is the greatest English poet.
要解释弥尔顿为什么能对我们施加,这样硬性的甚至荒诞的控制,仅仅说弥尔顿是最伟大的英国诗人是远远不足的。
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What you could call institutional evil by somebody behaving cruelly toward somebody else, perhaps not due to malice but because of the situation that she's in.
你可以将此称作,机构性邪恶,产生于某人残忍地对待他人,或许不是出于恶意,而是由于她所处的境况而导致
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Most of our real estate exposure is institutional -acquisitions of office buildings -largely in major markets-- central business districts.
我们大多数不动产投资是机构性的,比如主要是在商业中心地区,大量收购写字楼
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The last man standing is asset allocation and that tends to drive both institutional returns and individual returns.
能决定回报率的只剩下资产配置,它将决定,机构投资和个人投资的回报率
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Well, it can only be true if security selection and market timing detract from institutional returns or individual returns in the aggregate.
唯一的可能性就是证券选择,和市场时机选择,给机构和个人带来的是负的回报
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I'm not just going to pick on individual investors, I'm going to pick on institutional investors too.
我不仅在批评个人投资者,我也要批评机构投资者
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So,huge amounts of institutional funds and individual funds are going into this hedge fund world.
大量机构基金和个人基金,都将进入对冲基金领域
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Aristotle is very sketchy here about the structure the institutional structure the make-up of the best regime acknowledging the best regime is one where the best men rule.
亚里士多德对于结构的描述,是概略的制度结构,最佳政体的构造,仅声明最佳政体,是由最优秀的人所统治。
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Hobbes, in other words, tried to render acceptable, tried to render palatable, what Machiavelli had done by providing a more precise and more legal and institutional framework for the modern state.
霍布斯，换句话说，试图去变得易于接受，试图去变得更加愉快，马基雅维利的做法是,给现代国家提供一个,更加精确，更加法定的机构性框架。
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He's come to the conclusion that over 90% of the variability of returns in institutional portfolios is attributable to asset allocation and that's the number that I think most people hear cited when they are looking at Roger Ibbotson's work.
他得出结论,机构投资中,超过90%的回报率变动,要归因于资产配置,我想这是罗格·伊博森的文章里面,被人引用得最多的结论
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This is true whether you look at the universe of the mutual fund managers that we might have available to us as individuals or whether it's institutional data, such as those that I just cited; that concept is survivorship bias.
的确如此,不论你在观察,可接触到的基金经理个人,还是观察一些机构数据,就像我刚引用过的那些,这个现象就是生存偏差
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