I don't think the housing industry, in general,is a good place to be because of its, sometimes,violent cyclicality.

我认为总的来说住房工业,不是一个好的投资品种,因为它时常有着强烈的周期性

耶鲁公开课 - 金融市场课程节选

We don't have really much of any direct exposure to homebuilders or to the housing industry.

我们并没有直接投资很多,在建筑或住房工业领域

耶鲁公开课 - 金融市场课程节选