Once interest rates hit zero you can't cut them anymore and that's what the Fed wants to do.

一旦利率下跌至零,你就再也不能减少它们,而且这正是联邦试图做的事情。

耶鲁公开课 - 金融市场课程节选

If you put it too soon, you might stick around for longer than that, and then the peak has come too soon.

如果你太早到达巅峰，你可能会有很长的下跌时期，这样的话巅峰来得太早了。

耶鲁公开课 - 死亡课程节选

You buy something that's down 30% but it's got another 50% to go and I think it just has to do with time horizon.

某资产价格下跌了30%,你买入,而后它反弹又上涨50%,我认为上涨只是时间问题

耶鲁公开课 - 金融市场课程节选

Yes, he's asking after a firm pays a dividend that should lower the--you were asking whether it should lower the price of a share.

他问的是如果一个公司分了红,就会降低...你问的是,股价会不会下跌

耶鲁公开课 - 金融市场课程节选

It's kind of like the average price of a share adjusted for splits because you don't want the--obviously when they do a two-for-one split, the price falls in half and that's meaningless, so you want to correct for splits.

有点像经过分割调整的股票平均价格,因为你不想,当一股分割成两股,价格下跌一半,这是没意义的,所以要修正分割

耶鲁公开课 - 金融市场课程节选