特别地，新兴经济体的新支配地位已经改变了劳动和资本的相对回报。
In particular, the new ascendancy of the emerging economies has changed the relative returns to Labour and capital.
由于这种转移，使得互联网股票价值增高，并且使得价值投资人的相对回报变得更加难看。
By itself, that pushed up the value of dotcom stocks and made the relative performance of value investors even worse.
这是一场投资人之间的争论；他们一派主张采取相对回报战略，另一派则支持绝对回报战略。
Ex. 8 It's a debate between investors who advocate relative return strategies and those who favor absolute-return investing.
记得短期(1年)和长期(10年以上)记录都要问到，并问问你的顾问，他是采用绝对回报还是相对于大盘市场表现的相对回报来评估业绩。
Remember to ask about both short-term (one year) and long-term (10 years or more) records, and ask if your adviser is using absolute returns or returns relative to the performance of the market.
的确，在相对的基础上，上四年大学的回报正在接近其历史高位，但在很大程度上，(出现这种现象的原因)是针对没有大学学历的人的预期一直是走平或下跌的。
Indeed, on a relative basis, the return on a four-year degree is near its historic high. But that's largely because the prospects facing people without a college degree have been flat or falling.
业绩如何衡量也要有所改变，使之能反映根据风险调整后的利润以及银行相对的总的股东回报。
How that performance is measured will also change, to reflect risk-adjusted profits as well as the bank's relative total shareholder return.
这些都是很让人难以抉择的问题，但是我还是建议你尝试看看你能不能至少减少一件事——相对于你投入的时间和精力，回报最少的一件事。
These are tough questions, but I suggest seeing if you can eliminate just one thing - the thing that gives you the least return for your invested time and effort.
相比于债券，股票提供了相对高的潜在回报。
Compared to bonds, stocks provide relatively high potential returns.
如果一笔风险相对较低的交易可以回报适中的利润，那么30：1的杠杆率则可以把这个适中的利润变为巨额利润。
If a relatively unrisky deal produces a modest profit, leverage of 30-to-1 can turn that modest profit into a huge gain.
一些风险投资家渴望股票增长，受困于小回报率，开始投向相对小的公司，希望能够碰上下个Facebook初期。
Some venture capitalists, hungry for growth and troubled by weak returns, have moved toward smaller investments, hoping to catch the next Facebook in its infancy.
教科书上称，资本应该会从诸如美国这样的资本充裕的发达国家向资本相对匮乏的穷国流动，比如说中国，这样的回报率会更高。
According to the textbooks, capital should flow from rich countries with abundant capital, such as America, to poorer ones, such as China, where capital is relatively scarce, so returns are higher.
第三个因素则是亚洲的央行作为国债的大买家，这是它们汇率管理政策的一部分，它们相对而言不关心未来的回报。
A third factor is that Asian central Banks are big buyers of Treasury bonds as part of their exchange-rate management policies, and are relatively indifferent to future returns.
但工作是紧张的，管理性工作被证明是令人抓狂的，但有些时候，相对于其他日子其回报会更大。
But the work is stressful, administrative tasks can prove maddening, and some days are more rewarding than others.
帕塞拉先生相对放松，声称利率和坏账费用正常化将提高权益回报率，令银行大赚一笔。
Mr Passera is relatively relaxed, arguing that the normalisation of interest rates and bad-debt charges will boost returns on equity and allow the bank to generate lots of cash.
与之相对照的是大部分欧洲城市，回报率低到可怜的5%以下。
By contrast most European cities offered feeble returns of under 5%.
如果一个超级天使在一年内得到10倍的回报，相对于一个风投希望从花六年时间上市的公司那里所得的，是一个更高的回报率。
If a super-angel gets 10x in one year, that's a higher rate of return than a VC could ever hope to get from a company that took 6 years to go public.
它专注于先进的技术技能，提供最清晰的回报，并且相对容易测量。
It concentrates on advanced technological skills, which offer the clearest returns and are relatively easy to measure.
银行存款的缓冲作用相对于贷款来说，也应该会减小，因为储蓄率降低而且人们把钱放到了回报率高的股票和国债上。
Banks' buffers of deposits should also shrink, relative to loans, as the savings rate falls and as people move cash into higher-return shares and bonds (earning Banks fees in the process).
优先领域遴选的最初目的是解决资源相对不足问题，在各研究领域内选择能够最大回报领域给予资助。
The initial aim to select priority fields is to resolve the relative shortage of resources, and to get the greatest return from these fields.
埃森哲的帕克认同他的观点：“(科技公司)已经赚了更多的钱，实现了更高的利润率，为何还要进入一个股本回报率相对低的领域？”他问。
Accenture's Mr Parker agrees: "[Tech companies] already make more money, are more profitable, so why move into a sector that has comparatively poor return on equity?" he asks.
公共卫生服务是一种成本低、效果好的服务，同时也是一种社会效益回报周期相对较长的服务。
Public health service is not only a low -cost and effective service, but also a service with a relatively long-time social benefit return.
在该结构的另一端，是积极管理型对冲基金所持的资产，其目标是获得与现金相对的回报。
At the opposing end are the assets held in actively managed hedge funds with the goal of making a return relative to cash.
通常来说，“入门级”信用卡或者说面向尚无信用历史者的卡，都背负着相对较高的利率和费用，其额度又小，几乎不能带来什么回报。
Generally, "starter CARDS," or CARDS designed for people without a credit history, come with relatively high interest rates and fees, low limits, and don't offer much in the way of rewards.
那些快速跑向这些两可位置的狗，好像是预期会得到食物回报。它们被归类为做出了相对乐观的决定的狗。
"Dogs that ran fast to these ambiguous locations, as if expecting the positive food reward, were classed as making relatively optimistic decisions," explained Mendl.
那些快速跑向这些两可位置的狗，好像是预期会得到食物回报。它们被归类为做出了相对乐观的决定的狗。
"Dogs that ran fast to these ambiguous locations, as if expecting the positive food reward, were classed as making relatively optimistic decisions," explained Mendl.
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