Warren Buffett doesn't do splits with his Berkshire Hathaway and there are other companies that-- I guess Google doesn't do splits, isn't that right?

沃伦·巴菲特并没有对,他的伯克希尔哈撒韦做股票分割,但其他一些公司,谷歌也是不做分割的,对吧

耶鲁公开课 - 金融市场课程节选

It's kind of like the average price of a share adjusted for splits because you don't want the--obviously when they do a two-for-one split, the price falls in half and that's meaningless, so you want to correct for splits.

有点像经过分割调整的股票平均价格,因为你不想,当一股分割成两股,价格下跌一半,这是没意义的,所以要修正分割

耶鲁公开课 - 金融市场课程节选

Most companies do splits because that might close the-- you might have been thinking about investing in Google but you could still--you could just say, I want to buy ten shares or five shares and the broker will do it for you, but they might charge a higher commission.

大部分公司会分割,因为这样会关闭...,比如你想投资谷歌,但是你可以说,我想买十股,或者五股,经纪人会照办,但是会索取更高的佣金

耶鲁公开课 - 金融市场课程节选