In a sense, efficient markets would require that everybody -every analyst rushes out and completes Eric Lee's study.
在某种意义上,有效市场需要所有人,所有分析员一起去完成埃里克·李的研究
I think Lee identified a small number, but definitely some of them, that were lying about the date.
我想李指的只是一小部分公司,但是在期权发行日上做手脚,这种事情是绝对存在的
Old Bull Lee is William Burroughs, and his wife, Jane, Jane Lee.
老牛李就是威廉·巴洛斯,还有他妻子,简·李。
This is a famous picture of Lee Harvey Oswald who was being assassinated by Jack Ruby.
这是李·哈维·奥斯瓦尔德的著名照片,他被杰克谋杀。
He did the --he found out who they were, using similar methods to Lee's and profited from it.
莱德利夫找出了那些使用,李所描述的方法并且从中赢利的公司
Lee concluded that companies were fraudulently backdating options.
所以李得出结论,公司以欺诈形式倒签期权
It must have been that they somehow knew on the issuance date that the stock price was going to go up, but he said they couldn't possibly know that in these general circumstances.
这一定是,他们在发放期权的当日就知道,股价将要上涨,但是李认为在正常情况下,他们是不可能知道的
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