确定股权回报率是进行长期投资决策的关键步骤，但在现实非理性世界中难以直接运用传统财务理论所推荐的资本资产定价模型来确定股权回报率。

To set rate of equity returns is a critical step for long-term investment decisions, but in a realistic irrational world, its not easy to do that using CAPM familiar in standard financial theory.

youdao

确定股权回报率是进行长期投资决策的关键步骤，但在现实非理性世界中难以直接运用传统财务理论所推荐的资本资产定价模型来确定股权回报率。

To set rate of equity returns is a critical step for long-term investment decisions, but in a realistic irrational world, its not easy to do that using CAPM familiar in standard financial theory.

youdao