But that no particular stock is more or less likely to outperform the market, because all the information is incorporated in the price.

但是没有那一种特殊的股票是,最有可能比市场平均表现更好的，因为所有信息都是包含在价格上的。

麻省理工公开课 - 计算机科学及编程导论课程节选

That is to say, current prices reflect all publicly known information about each stock, and therefore are unbiased.

也就是说，现在的价格,反映了关于股票的所有公共信息,也就是说它是无偏向性的。

麻省理工公开课 - 计算机科学及编程导论课程节选

Distorting price signals , making it impossible for the market to respond as it otherwise would have .

扭曲价格信息，让市场无法正常反应,无法在正常市场机制下运行。

斯坦福公开课 - 经济学课程节选

well, that's the way Wall Street works or at least a -some people say markets are efficient and stock prices incorporate all information.

华尔街就是这么运作的,一些人认为市场是有效的,股票价格是各种信息的综合体现

耶鲁公开课 - 金融市场课程节选

since all the information is in the current price, you don't have to worry about whether it went up or down yesterday, to decide what it's going to do today.

因为当前价格代表了所有信息，你就不需要去考虑昨天股价,是涨了还是跌了，再去判断它今天的价格会怎么变化。

麻省理工公开课 - 计算机科学及编程导论课程节选

They have a lot of time to look in monitor and analogues. And from a government policy perspective and a banking policy I wander whether the issue of risk of mispricing and so forth had much of the information been more generally available to the average public average person?

他们有很多的时间去关注监视器和,其他类似的东西，从政府政策,和银行政策的角度出发，我在想,错订价格的风险等议题,和其他很多信息能否让,大众，普通人更广泛地接触到？

斯坦福公开课 - 经济学课程节选