If I consume Bud Light, then I have to pay for the Bud Light, I think it typically costs less, the price, the raw price is less than Guinness but I also pay an additional cost from the fact that Bud Light, when I drink it, causes me "disutility": we'll put it politely like that.
如过我买百威淡啤酒,我必须要支付百威淡啤酒的价格,我想它会便宜点,原材料的价格比吉尼斯低,但我同样要支付附加成本因为百威淡啤酒,当我喝它的时候,味道一般,我表达得委婉一点
it's cheaper in Southern California actually for us to live by the beach. It's a,
实际上在南加州我们住在海边要便宜点,这里……
for the most part, if stocks have done much better if you've bought them at a point that looks cheap on that graph than one that looks expensive.
如果你做得很糟糕的话-多半情况下,you've,done,poorly,if—,如果你通过市场曲线图,在看上去比另外一个时间点便宜的时候买进它们,而股票又表现得非常好。
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