If that's true, it's true, again, what's being sold in markets, in many cases information products information services.
那样,同样地,市场中的商品,许多时候是,信息产品,信息服务。
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。
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。
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
What this model asserts is that markets are informationally efficient.
这个模型说,这个市场处理信息有效的。
They help prevent fraud, misrepresentation, manipulation of information in stocks and bonds.
它帮助人们防止诈骗,虚报和巧妙利用证券股票市场中,信息不对称而牟利等事情的发生。
Efficient markets" is a theory about-- well it came in about three decades ago, maybe it's closer to four decades ago-- it's a theory that financial markets work very well and incorporate information very well.
有效市场是...,大约三十年前,甚至四十年前,有人提出了这一假说,他认为金融市场运行良好,而且信息披露全透明
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