But frankly, I'm convinced, insofar as I'm convinced of anything, that if one doesn't live by that, nothing of any interest is going to happen.
不过,坦率来讲,我相信,或者说,我确信,如果一个人不相信这一点,那么他的艺术创作只会平淡无奇。
One percent is just theory. Good job! I know you can do it.
理论指导只占剩下的 1%。干得不错!相信你,能行的!
How would you model individual stocks if you believe this hypothesis?
如果你们相信这个,假设你们应该怎样去对每只股票建模呢?
For example, I don't have more space to write, if this is time and this is earnings-- if your earnings were,say, flat and suddenly increased like that, they wouldn't believe this increase at first, so the board would decide to adjust only, say, half way up.
例如,没地方写了,横轴是时间,纵轴是收益,如果你的收益,一直平稳,突然间提高,他们刚开始不敢相信这种增长,董事们决定只小幅增加,如增到一半
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