We wanted this to be a twenty shilling coin but now in the market it's trading at twenty-one.

我们希望它是一个值二十先令的硬币,但现在它在市场上以二十一个先令的价值来交换。

耶鲁公开课 - 金融市场课程节选

So the debt market is something worthy of studying because it really represents a market for time itself.

债券市场很值得研究,因为它恰恰代表着,证券市场的时间价值

耶鲁公开课 - 金融市场课程节选

But you're going to know that the value of that in the market moves opposite with interest rates.

但是你们必须明白的是它的价值,是与市场利率相反的

耶鲁公开课 - 金融市场课程节选

So, for every dollar that you had at the peak, at the trough you had $.10 left.

于是,市场峰值时价值一美元的资产,到32年谷底时就只剩10美分了

耶鲁公开课 - 金融市场课程节选

Banks are in trouble and as you know - they're starting to fail because they the value of their assets in the market is falling rapidly.

银行陷入危机，并且你知道,他们开始破产因为他们,市场中资产的价值,在迅速的降低。

耶鲁公开课 - 金融市场课程节选

So it started to drift and people started to think I think a guinea is worth more than twenty shillings and the market price drifted up to twenty-one shillings.

所以，它的价值开始波动，人们开始考虑,我认为一个几尼的价值多于二十个先令的价格,于是市场价格就上升到二十一先令的价值上去了。

耶鲁公开课 - 金融市场课程节选

There's maybe about three trillion dollars worth of stuff backed by mortgages out there Well, as you've seen, these have produced crisis of confidence and I don't think we've heard the last of it.

现在大概有价值三万亿美元的有抵押证券,在市场上流通,就像你所看到的那样，这些证券已经导致了,市场信心的丧失，而且我个人认为这还完全没有结束。

耶鲁公开课 - 金融市场课程节选

The value of real estate in the United States today is -of real estate owned by households directly -is about twenty trillion dollars, which makes it comparable or maybe a little bit bigger than the stock market.

现今美国房地产的价值,也就是居民直接持有的房地产的价值,大概有20万亿美元,这与股票市场总值相当,可能还要更大一点

耶鲁公开课 - 金融市场课程节选

is two, 10% it means that if the market goes up 10% in value, the stock tends to go up 20% in value and so on.

当β值等于2时，If，β,表明若市场组合增值，股票价值就增长了20%，以此类推。

耶鲁公开课 - 金融市场课程节选