in my diagram, i said that the tangency portfolio-- i estimated that the tangency portfolio is 9% oil, 27% stocks, and 64% bonds.
在我的曲线图里我有提到切线资产组合-,我估算出切线资产组合是9%的石油,27%的股票和64%的债券。
now, he「s using a much longer sample than i did, so he」s not going to get this tangency portfolio that i did.
他的样本跨度比我的要大多了,所以他得出的切线资产组合会和我的不同。
the tangency portfolio is the portfolio that one should hold.
切点投资组合就是我们应该持有的投资组合。