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who was refuted by Dr. Johnson who kicked a stone and leaped away in terrible pain saying, "I refute it thus."
约翰逊先生反对理想主义者，他踢开一块石头,跳开到很远，一副痛苦不堪的样子，说，“我这样来反驳“
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For me, the truth is my husband's a big runner.
对我来说，说实话，是因为我先生很喜欢跑步。
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Mr. Carl Icahn: I would just say that the facts don't bear that out as far as I'm concerned.
伊坎先生：对此我只能说据我所知目前的事实还不能,证明刚才那种说法。
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So the point is, there is something here called operator precedence, which is what the gentleman said.
这里我要说的就是，这里有个,叫做操作优先的规则，也就是刚才那位先生说的。
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and Mr. Kane says, "I'm gonna buy them all, whatever.
凯恩先生说，我无论如何都会买下的。
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Okay. Now this gentleman out here is actually doing it different from what I am doing and what most of you are doing but you know what? He's doing it correctly.
这位先生,和我做的不太一样,甚至和在座各位做的不太一样,但你知道吗,他做的是对的
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I'm not asking Is this person stage Mr. X the same person stage as SK 2007.
我不是在问,这个阶段的X先生,和2007年的我是不是同一阶段。
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That's right. Louisiana Slim he's sometimes called. Yes, Sir. I sure have met Big Slim. And he used to work in the east Texas oil fields?"
对，人们有时叫他路易斯安那的细杆，是的先生我肯定,遇见过，他过去是不是经常在得克萨斯州东部的油田工作？“
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So it turns out that, as the gentleman out there said, if I thought it was equally likely that my opponent was going to choose Left or Right, then actually my best choice, my best response is to choose Down.
这个结果和刚才那位先生说的,如果我觉得我对手,选择左或右的可能性相同的话,这时候最好的选择,也就是说我的最佳对策是选下
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I'm original, so Angel Man is my own creation,
我喜欢原创的，所以天使先生就是我的作品，
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Mr. Carl Icahn: I think the answer is that most of them have to leave the company.
卡尔·伊坎先生：我觉得答案应该是,他们大多数人都应该离开公司。
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Mr. Carl Icahn: Well, yeah. I mean China is a great buyer of all of these commodities.
卡尔·伊坎先生：嗯，我认为,中国是这些原产品的大买主。
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Is that what it is?
现在我时间足够，托布森先生？
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Before I begin, I just wanted to say that I was very-- I found last period's lecture with David Swensen very interesting.
开始讲课之前,我想谈一下,大卫·斯文森先生上节课的内容非常有意思
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Okay. So here we're going to go-- The gentleman in the orange shirt-- I hate to do this to you but we've got thirty seconds.
好的,接下来我们要,那个穿橙色衣服的先生,我不想这么对你,不过我们只有三十秒了
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And I look at that value.
如果这是我要找的目标数，噢先生们。
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Mr. Carl Icahn: Yeah, I don't know much about currencies and I really don't get into something I don't know something about--or generally don't.
伊坎先生：不太了解货币领域的事情,我对某些东西没有深入的研究,我不知道关于--或者大体上不知道。
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Mr. Carl Icahn: Well, I mean, that--I don't consider that being--that's barely a strategy. I think that when you buy something, the best is--that sounds simple.
卡尔·伊坎先生：嗯，我的意思是--我觉得那不算是,-那不算是一个策略，我觉得每当,你要买什么东西时，最好就是--听起来其实挺简单。
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Mr. Carl Icahn: Alright, we have bad corporate governance it's evolved into this. I don't think that Washington understands how bad it is; nobody's really focused on it.
卡尔·伊坎先生：，嗯，我们的企业管理是很糟糕,这种情况也是逐渐发展而成的，我觉得华盛顿的人,并不知道企业管理的有多糟糕，并没有人太注意这个。
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Student: Hi, Mr. Icahn. I have two questions.
学生：嗨，伊坎先生，我有两个问题要问。
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So, I think that kind of thing. You should read that poem : Student: I like the line where it's if you can be in a crowd but not lose the common touch -that's my favorite line Mr. Carl Icahn: That's right. If you can walk in a crowd and still not lose the--if you can walk with kings and not lose the common touch.
所以为这些事情你应该读读那首诗,学生：我喜欢这句,如果你跟村夫交谈而不变谦虚之,态，亦或与王侯散步而不露谄媚之颜,那是我最喜欢的一句,卡尔·伊坎先生：对，是的，如果你可以和农夫交谈而,不变--亦或与王侯散步,而不露谄媚之颜。
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My lovely child! "You have a lovely child, Mr. Humbert.
我可爱的孩子！“你有个可爱的孩子，亨伯特先生。
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Okay. So that's Richard Strauss's approach to death, not particularly relevant to you young people but for oldergentlemen such as Professor Kagan and myself we're getting close to that. Right, Don?
理查·施特劳斯的死亡与净化讲的是死亡,对你们年轻人可能有些距离,但对于我和卡根教授这些老绅士来说,我们离死亡越来越近,对吧,先生
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Mr. Carl Icahn: The career you're asking about I went down to Wall Street back in -- way back in the '60s and I thought I was really--I had gone to Princeton, a really good school.
卡尔·伊坎先生：你们所想知道的有关于我职业的问题,我在--在二十世纪六十年代，去了华尔街,我觉得我真的-我在普林斯顿大学学习过，那是一个非常好的学校。
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And notice that if Pepsi has priced above the monopoly price, suppose Pepsi has priced this good so high that it's above the monopoly price, then, as the gentleman said, I can capture the whole market by pricing just below Pepsi.
注意如果百事设定的价格高于垄断价格,假设百事把价格定得太高了以至于,高于垄断价格,那么像那位先生说的,我可以用低于百事的价格来占领整个市场
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Mr. Carl Icahn: Okay, we look at a lot of the companies Obviously, I have a whole group of people here that do that and I have a bunch of lawyers that look at all the covenants in these companies and their bylaws and their charters.
卡尔·伊坎先生：好的，我们考察许多,很明显，我有一个强大的团队来做这些工作,还有一个律师团队,来研究这些公司所签订的契约,以及它们的规章制度和经营许可。
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Mr. Carl Icahn: Hi Student: I'm Mark Kotter. How are you?
卡尔·伊坎先生：嗨,学生：我是Mark，Kotter。你好？
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