正如基金经理所做的，它们通过股票和债券中的低价交易并支付费用。

As the fund managers do this, they accept low prices for the securities and incur costs for trading stocks and bonds.

youdao

直接的竞争可能会强烈刺激它们降低价格，也许是通过接受更低的利润率或者要求供应商提供更好的交易条件。

The head-to-head competition might give them a strong incentive to lower their prices, perhaps by accepting slimmer profit margins or demanding better deals from providers.

youdao

由于缺乏对市场在近期复苏的信心，很多股票仍然在以不出意外的超低价格被交易，这些价格相比之前有了巨大的下跌。

Despite the market's recent resuscitation, many stocks are still trading at fire-sale prices-no surprise given the immense decline that preceded the advance.

youdao

When you buy high and sell low it's really hard to generate returns, even if you do it with great enthusiasm and great volume.

当你高价买入低价卖出时,是很难产生回报的,不管你有多大交易热情或有多大交易量

耶鲁公开课 - 金融市场课程节选