You also don't know that they'll give them to the equity owners they won't squander in the future.
你也不知道,他们是否能够兑现股票持有者,它们不会挥霍未来。
The owners of commercial, real estate of...
商用地产的持有者……
He's got an access to some of the very small numbers Of these that actually exist today. And he's created The high resolution digitized versions of them With the permission of the owners.
他有机会得到这些现存数量很小的书,并且他创建了这些书的,高分辨率电子版,当然这是在所有者的允许下。
We are the proprietors, the owners of our own person.
因为我们是自己的主人。
Well, that leakage--that 1.5% or 2% that you pay your hedge fund manager- plus the 20% of profits really reduces the amount of return that's available for the owners of capital.
系统的损耗,大约1.5%或2%的管理费率,用来支付给对冲基金经理,加上20%的利润提成,显著减少了资本所有者,可以得到的回报
It's a little bit of a digression, but one of the things that I've witnessed over the past twenty years is that the leakage of the -the leakage from the system in terms of the returns that go to the owners of capital -leakage has increased enormously.
讲一点稍稍离题的内容,我发现,过去的二十年中,这种损耗,这种减损资本所有者收益所得的,系统性损耗,有相当巨大的增长
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