There are different ways to hedge tail risk, but a popular one is to create a basket of derivatives that will perform poorly during normal market conditions but soar when markets plunge.
有不同的方式来对冲尾部风险,但流行的是创造一篮子的在正常市场条件下表现不佳,但在市场暴跌的时候一飞冲天的衍生品。
Steve Jobs has publicly stated the company's desire to "tear up the set-top box" and create something novel -- which is what Apple does in all of the markets it succeeds in.
史蒂夫•乔布斯曾公开表示,称苹果希望“抛弃机顶盒”,创造神奇的新玩艺儿。 事实上,在该公司取得成功的每个市场,他们都是这么干的。
Their thesis is that emerging countries cannot create enough trustworthy saving vehicles to keep up with the pace of economic growth, because their financial markets are immature.
他们的论题是由于新兴国家的金融市场仍未成熟,它们未能建立足够可信的并可赶上经济增长步伐的储蓄媒介。
By thronging together, they create large, liquid markets that drive down trading costs and reduce risks by allowing large deals to be handled.
通过邻近的办公地点,创造了巨大的流动市场,从而降低了交易成本,减少了大宗交易的风险。
The ventures that we uncovered in our research generate far more jobs and wealth than typical small businesses do, and they often create new industries or open new markets.
我们的研究中涉及到的企业不仅提供的就业机会和创造的财富远远多于典型的小型企业,他们还经常穿凿新的行业或者开拓新的市场。
And now, combining cheap wind energy and compressed-air storage could create a potent new force in the electricity markets.
而现在,廉价风能和压缩空气存储相结合,可以创造出电力市场上一支强大的生力军。
Tobin worried that too much efficiency would create instability in the markets as transaction costs fell, said Stiglitz.
托宾担心当交易成本下降时,速度太快会造成市场的不稳定,施蒂格利茨说。
A lot also depends on what happens in emerging markets. If China can successfully switch from export-led growth to domestic sources of demand it will create more opportunities for American exports.
在很大程度上还要看新兴市场的情况,如果中国能够成功地完成从出口导向型增长向内需型增长的转型,这将为美国出口创造更多的机会。
You don't find something completely new. You don't create new markets.
这样就没有必要寻求完全崭新的药物,也无需创造全新的市场。
And the only way to celebrate and make the most of our differences is to get rich out of our differences, create vibrant markets out of our differences.
要想赞美并最大限度地利用我们之间的差异只有一个方式,那就是从差异中致富,在差异里打造富有活力的市场。
And successful financial markets create a "cluster" effect of businesses servicing them.
成功的金融市场具有簇效应,能为成片的公司服务。
New opportunities are available for profit-seeking companies to create and capture value by servicing previously inaccessible markets.
通过向以前不可进入的市场提供服务,寻求利润的公司将可得到新的机会,以创造并夺取价值。
Production of biofuel feedstocks may create income and employment, if particularly poor small farmers receive support to expand their production and gain access to markets.
对于特别是贫穷的小农而言,如果能够得到支持来扩大其生产并获得进入市场的机会,那么生物燃料原料的生产便可创造收入和就业。
The company is staging an enormous recruitment drive across Europe, seeking to hire several thousand engineers to help it create products suited for markets outside the US.
该公司正在筹备在全欧洲进行一次大范围招聘活动,寻求雇用数千名工程师,以帮助开发出适合美国本土以外市场的产品。
The idea is to create a new high standard for multilateral free trade, and to use the promise of access to new markets to encourage nations to raise their standards and join.
我们的想法是为多边自由贸易制定一个新的高标准,并以准入新市场的承诺来鼓励各国提高自己的标准和参与其中。
Today's markets are fraught with speculation; we seem to create bubbles for ourselves every few years, the two most recent being the Internet stock bubble and the residential real estate bubble.
今天的市场充斥着投机;我们似乎隔那么几年就要给自己制造一些泡沫,最近的两个是互联网股市泡沫和住宅地产泡沫。
Macroeconomics in general has come under fire for depending too much on assumptions of efficient markets and its inability to incorporate the spasms of emotion that create economic manias and panics.
宏观经济学总体上由于过度依赖高效市场之假设以及无力整合导致经济疯狂和恐慌的情感波动而饱受诟病。
If the markets behavior were truly random, then it would be difficult if not impossible to create consistency.
如果市场的行为真的是随机的,那么产生持续一致性真的很难。
But by stepping in to rescue markets when they wobble, central bankers create asymmetric risk.
但当经济摇摇欲坠时介入拯救市场时,央行银行家们催生了不对称的风险。
S.and global steel markets. The perverse result: Over time, the Anshan deal will destroy far more American jobs than the 120 it supposedly will create.
违反常理的结果:长时间之后,鞍山钢铁的交易将毁掉美国工作机会的数量远远多于现在推想这项交易会创造的120个。
Such companies did not just supply niche markets-they helped create them.
像这样的公司不只是提供利基市场——他们还帮助创建利基市场。
Countries that depend heavily on output and exports of commodities whose markets are volatile are all too familiar with the cycles these can create.
严重依赖大宗商品(市场波动剧烈)产出和出口的国家都熟悉这些商品可能形成的周期了。
Countries that depend heavily on output and exports of commodities whose markets are volatile are all too familiar with the cycles these can create.
严重依赖大宗商品(市场波动剧烈)产出和出口的国家都熟悉这些商品可能形成的周期了。
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