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Then you might--well let me ask you this, what would happen if Google decided to buy up all of its shares?
你也可能,我来问问你,如果谷歌决定购回它所有的股票会怎么样呢
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If you want to buy the company you have to buy up all the debt and all the equity.
如果你想买下公司,你必须买下所有的负债和股票
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That is to say, current prices reflect all publicly known information about each stock, and therefore are unbiased.
也就是说，现在的价格,反映了关于股票的所有公共信息,也就是说它是无偏向性的。
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But it's absolutely essential--so the shares only mean something as a relation to their total number of shares.
这是十分必要的,所有股票只有在,和总体股本数量联系起来看时才有意义
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If you really want to buy the company, you buy up all its equity-- all of its shares--and all of its debt.
如果你想买下公司,就得买下所有股份,所有的股票,还有所有的债务
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And then computes the mean of, getting me the mean of all the stocks in it.
然后再计算平均值，所有股票的平均值。
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If you wanted to buy a company up and own it yourself completely, you could conceive of buying all the shares in the company.
如果你想独资买下一个公司,可以买下该公司的所有股票
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In a stock repurchase, if they repurchase everybody's shares-- the same proportion--it doesn't affect that ratio.
股票回购中,若他们购回所有人的股份,相同份额比,那就不会影响比例
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I should be buying all the equity and all the debt as well, right?
就得买下所有的股票和所有的负债对吧
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That means Goodbody & Company owns the shares and you just have a contractual relationship with Goodbody that, in principle, some of those shares are yours.
也就是说持有股票的是古德巴迪,你只不过与其有着合同关系,原则上,部分股票归你所有
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The market portfolio is, if you took all the stocks and bonds, and oil, and real estate, anything that's available to invest in, in the whole world, put them all together in one portfolio.
市场组合则是，假设你在全世界范围内购买了所有，能够投资的股票，债券，石油和房地产，将他们放在同一个投资组合里。
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All it can do is keep piling in the money and accumulating it and then someone will buy the whole company and then all of the shareholders will be bought out at a termination date.
他们吸进资金并不断积累,然后某人会买下整个公司,在终止日期前所有股东的股票都将被买下
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he says, all investing is about coupon clipping and the difference between equities and bonds are that bonds come with a coupon that's known and equities have earnings in the future that you don't know.
他说，所有的投资都是关于票息剪券的,股票和债券的区别是,债券有确定的票息,而股票的收益发生在未来,你是无法确定的。
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We gave shares to almost all of our employees as part of their compensation and we hoped that would motivate them and make them feel a part of the company but we never paid them a dividend.
我们几乎将所有股票都发给了员工,作为他们的薪酬,希望能这样激励他们,让他们感到,自己是公司的一份子,但是我们从不发放股利
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The price of a share is the price of the ownership of that earnings' stream If I buy a share I'm in with everyone else who owns the company and I have a claim on the earnings' stream, but the earnings' stream is a year-by-year thing.
每股价格是指,收入所有权的价格,如果我和其他股东一样买了一份股票,那么我就对收益有要求权,但收益是逐年计算的
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This number, CUSIP number, is a number that identifies any security.
USIP代码是所有美国股票及注册债券的编号由美国统一证券辨认委员会管理,用于区别每一项证券
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