If you had $1 to invest you can borrow $.50 and invest in a $1.50 worth of stocks.
比如你有1美元进行投资,你可以透支0。5美元,投资价值1。5美元的股票。
Suppose you get a letter from your company saying, congratulations here's a $5 dividend and here's a check for $5 if you owned one share.
假设你收到了公司寄来的一封信,写着,恭喜您,这是5美元的分红,如果你有一股的话,就会收到5美元
And with this data, where students were able ; to implement last year their own E-trade-like website; whereby you have accounts and you log in your hand age of your users 10,000 virtual dollars and with them can they get stock quotes, by stocks, sell stocks and the like, all of this accomplished just after a few weeks time.
通过这些数据,学生们就可以做出类似电子商务的网站;,只要你有账号就能进入你的账户,里面有1万的虚拟美元,这样你就能去查询股票报价,进行买卖股票之类的事,这一切仅仅用了几个星期的时间就完成。
I'm going to see if I have enough money to do this in class When we played this game in the old days, during the dot com boom with the MBA students, you had to put fifty dollars on the table to get them interested.
我看看我有没有足够的现金,在之前和MBA学生做这个游戏的时候,那时候正赶上互联网大繁荣,你得拿出来50美元他们才有兴趣
If you put a dollar into small stocks in June of 1932, by the end of 2006, you would have had 159,000 times your money.
如果你在1932年6月买一美元小盘股,那么到2006年底,你的收益将会有159000倍之多
Incidentally, I mentioned this last time-- I was talking about-- I was philosophizing about wealth and I asked what are you going to do with a billion dollars.
顺便提一句,最后提一次,我在讲,我在探讨财富,我在讲如果你有一百万美元你会做什么
For many years now, to qualify as an accredited investor, you have to have one million dollars in wealth or income in excess of $200,000 or, if you're married, $300,000 for the couple.
一直以来,可信投资者的要求是,你必须有一百万美元的财产,或者年收入超过20万美元,若已婚,则夫妇年收入要超过30万
So, the broker calls you up and says, you're the last guy, you have the last one hundred shares in Google and Google wants to buy them and we'll give you $500 a share.
经纪人给你打电话说就差你一个了,你有谷歌最后的一手股票,谷歌想以500美元每股的价格买回来
There's maybe about three trillion dollars worth of stuff backed by mortgages out there Well, as you've seen, these have produced crisis of confidence and I don't think we've heard the last of it.
现在大概有价值三万亿美元的有抵押证券,在市场上流通,就像你所看到的那样,这些证券已经导致了,市场信心的丧失,而且我个人认为这还完全没有结束。
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