在我曾经工作过的其他公司，也有类似的实验，结果总是如此，不管是什么经济时期、投资项目或公司。

At the other firms I have worked at, various forms of this experiment have taken place and this observation holds true through different economic times, different investments, and different firms.

youdao

对在破产中被清算的担心将使投资者们从问题公司或其他类似的公司疯狂撤资，而这种恐慌正是此解决方法想要避免的。

The threat of being wiped out in bankruptcy could cause creditors to flee both the troubled firm and any firms like it, precisely the sort of panic the resolution regime is meant to avoid.

youdao

另外一个原因是传染性：如果投资者在一个公司失利了，他们会从任何其他类似的公司资产中抽身，从而使这些公司陷入崩溃。

The other is contagion: if investors lose their shirts on one firm, they will flee any others that look like it, precipitating their collapse.

youdao

I mean,this romantic notion of what goes on in Silicon Valley actually still holds true in a lot of cases but there's absolutely no way, as a venture capital investor, you could index the venture capital market.

比如,硅谷崛起的故事,实际上许多其他地方也有类似的例子,但是对于风险投资者来说,指数化风险资本市场,是绝对不可能的

耶鲁公开课 - 金融市场课程节选