来自《耶鲁大学开放课程：金融市场 第9集 第9集》

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  by some adverse macro,sectoral circumstance,
  而受到伤害
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  but there's no way that you can take $22.5 billion dollars
  但你不可能揣着225亿美元
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  and be in the markets when they're attractive
  在市场有吸引力时就进入
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  and out of the markets when they're not attractive.
  当市场衰退时就退出
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  So you just say,okay fine,
  于是你只能说 好吧
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  this is the macro circumstance that we're dealing with
  这就是我们要应对的宏观环境
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  and we're going to do absolutely the best job we can
  我们绝对要全力以赴
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  identifying individual,specific,bottom-up opportunities
  发掘独特 明确 由下而上的机会
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  to deploy the funds.
  来配置基金进行投资
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  Well,I think one of the questions
  其中一个问题
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  ---the question is how can you successfully
  提问是 怎么能够成功地
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  invest in a market where,I guess,
  投资于一个