All that matters is the ratio: how many shares I own divided by the number of shares outstanding.

比例才是最根本的要素,我有的股数除以总发行股数

耶鲁公开课 - 金融市场课程节选

The difference between ratio is a reward every certain number of times somebody does something.

比率强化意思是,间隔一定比例才给予奖励。

耶鲁公开课 - 心理学导论课程节选

When you do a split, you're changing the number of shares for everybody, so it can have no effect on the ratio for anybody; it's just purely appearance.

当进行分割时,每个人拥有的股数变了,但每个人持股的比率没变,只是做做样子罢了

耶鲁公开课 - 金融市场课程节选