来自《耶鲁大学开放课程：金融理论 第1集 第1集》

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  The hedge fund only got eleven percent.
  而对冲基金的收益仅每年11%
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  So I'm asking the question, and I would say that David
  那当我这么问时 也许
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  Swensen would think about it the same way I think about it.
  和我想的一样
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  So suppose I even told you that the Yale hedge fund had lower
  那假设我告诉你耶鲁对冲基金
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  volatility--the Yale hedge fund?--the Yale
  不是对耶鲁冲基金 是耶鲁捐款
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  endowment had lower volatility than the hedge fund,
  的波动性比对冲基金更低
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  which it surely does, would that convince you now
  其实事实也是如此
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  that the Yale endowment
  那么这能否说服你耶鲁捐款比对冲基金
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  had been managed better than the hedgefund?
  运作的更好
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  Well, we're going to answer this question again,
  这个问题我以后再回答你
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  and you're going to see that the answer's a little surprising.
  你将会发现它的答案有点出人意料
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  It won't be so surprising--I wouldn't have brought it up otherwise.
  如果答案很常规 我也不会问这个问题