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

but I find that, you know, just kind of market participants are more to blame than the accounting per se in those examples.

但是我发现，在这些例子当中市场参与者比会计本身更应该受到责备。

美国的会计丑闻 - SpeakingMax英语口语达人

It only helps them to bring down the cost of health care, government has to operate the system more efficiently than the market does.

它只能,降低医疗的费用，政府必须,比市场更加有效地运作。

斯坦福公开课 - 经济学课程节选

There's also commercial real estate, which is smaller than owner-occupied homes, but we own that indirectly too, as a people, through the stocks that we own and through the institutions we participate in.

除此之外还有商业地产市场,它比自有住房市场要小,但人们也可以间接持有商业房产,人们可以通过持有股份,及参加一些机构的方式来持有商业地产

耶鲁公开课 - 金融市场课程节选

All right, so if the other guy is pricing above costs, I want to set prices below his so that I steal the whole of the market and make profits on those sales.

正确,如果对手定价比成本高,我就想定价比他的价格低,这样我就可以占领整个市场,并获得销售利润

耶鲁公开课 - 博弈论课程节选

I said that no stock is likely to outperform the market or underperform the market.

我对你们说没有股票,会有比市场表现的好,或者差的可能性。

麻省理工公开课 - 计算机科学及编程导论课程节选

That's $1 more than it costs now in the market, so the options are worthless unless the price of the stock goes up.

这样每股就要比市场价多花费一美元,除非股票价格增长了,否则这个期权就是没有价值的

耶鲁公开课 - 金融市场课程节选

I don't want to make losses, so I just "get out of the market," and the way I "get out of the market," is by pricing above the other guy.

我不想承担亏损,所以我就退出市场,而我退出市场的方法,就是定价比它高

耶鲁公开课 - 博弈论课程节选

And, the market wouldn't believe them because you can't grow every year faster than the interest rate.

而且市场也不会相信他们,因为它不可能比利率上涨得还快

耶鲁公开课 - 金融市场课程节选

In general, less volatile stocks have done better over time than more volatile stocks, which is somewhat inconsistent with the notion of efficient markets.

一般来说，波动小的股票在长期内比波动大的股票,表现要好，一定程度上,这和金融市场有效论的观点是相悖的。

耶鲁公开课 - 金融市场课程节选

I believe it's clear that it is and that people who do so are people who understand more than the core efficient markets theory.

很明显,能够做到这一点的人必然了解到,比有效市场假设更深层的东西

耶鲁公开课 - 金融市场课程节选

Certain kinds of financial markets called "Prediction markets," which may, for example, predict the outcome of an election have been seen to be very accurate predictors, often better than pollsters can manage.

人们称这种金融市场为,"可预测的市场",举个例子来说,市场对某次大选结果的反应,比民调专家,还要更加准确

耶鲁公开课 - 金融市场课程节选

So basically what I'm going to do here is I'm going to set my price to equal his price, minus a little bit, I'll just undercut him a little bit and by just undercutting him a little bit, I'm going to get the whole of the market and I'll make as much money as I can on those sales.

所以基本上我要做的是,设定我的价格等于他的价格,减去一点点,我的价格将仅仅比他的低一点点,并且通过比他的价格低一点点,我将占领整个市场,那些销售带给我尽可能多的钱

耶鲁公开课 - 博弈论课程节选

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。

耶鲁公开课 - 金融市场课程节选

But if we have credit markets, then people can individually choose to be off the production possibility frontier and at a higher level of consumption than otherwise would.

但如果存在信贷市场,那么个人可以选择超越,PPF曲线的范围,达到比没有信贷市场时更高的消费水平

耶鲁公开课 - 金融市场课程节选

think of anything the government do more efficiently than the market does.

我却想不出，I，can’,政府有什么能做得比市场更有效,市场总是效率更高。

斯坦福公开课 - 经济学课程节选

Maybe on average institutions lose thirty basis points, but it's kind of Lake Wobegon, where we all believe that we're better than average, so we're going to overcome that thirty basis points -that's not such a big hurdle.

可能平均每个机构都会落后30个基点,这就有点像沃比冈湖效应,大家都觉得自己能高过市场平均水平,30个基点会赶上的,不算什么大的差距

耶鲁公开课 - 金融市场课程节选