如果有三个人在一起，就会有两个人串通一气反对第三个。

If you had three together, two would unite against you.

youdao

第一个人说一番话，被第二个人听见，和他一起说，此时第三个人反对，而第四个人一看，一边有两个人而一边只有一个人，便跟着那两个人一起说。

The first man said, was the second personal hearing, and he said, now the third and the fourth individual personal against a two side, and only one side, then follow the two together.

youdao

第三种反对观点是这种策略的高收益恰恰体现出它的高风险。

The third is that higher returns simply reflect the higher risks of the strategy.

youdao

The only other thing--then next period we're going to talk-- on Friday we're meeting again and we're meeting again about-- this time it's about efficient markets and I want to talk about the evidence for efficient markets and against it and that will lead you into your third problem set about efficient markets.

下节课的主题是,我们将在周五的课上讨论,有效市场问题,我要讨论关于支持和反对,有效市场的证据,那时你们可以开始做,第三本习题集,是关于有效市场的

耶鲁公开课 - 金融市场课程节选