Well there actually was a stock market in Russia before 1918 and in China before 1949, so what happened to investors?

实际上,俄罗斯在1918年前,中国在1949年前设有股票市场,那么投资者会得到怎样的回报呢

耶鲁公开课 - 金融市场课程节选

It emphasizes the long run performance of the stock market, but it's really a general treatise of financial markets.

虽然这本书着重于股票长期投资,但它其实是一本关于金融市场的综合性著作

耶鲁公开课 - 金融市场课程节选

Just at the point of maximum opportunity people were at the point of maximum bearishness about the equity markets.

就在最好的投资机会来临的时候,人们对股票市场看空的程度,却刚好达到顶峰

耶鲁公开课 - 金融市场课程节选

The stock market is the best investment for long-term holders who can just buy and hold through the ups and down of the market."

对于那些能在股票市场的跌宕起伏中,一直持股的长线投资者而言,股票市场是最佳的投资

耶鲁公开课 - 金融市场课程节选

The respondents were asked to identify the organization that insures you against losing money in the stock market or as the result of investment fraud.

被调查者被问到是否知晓,在股票市场或者在投资欺诈案中,保护他们的资金不受损失的机构

耶鲁公开课 - 金融市场课程节选

This is about the stock market, but I asked a number of this I've been doing since 1996 do you agree with the following statement?

这往往是指投资股票市场,但是1996年之后,我问过一些人,你认同以下这种说法吗

耶鲁公开课 - 金融市场课程节选

So, what it means then is that the optimal portfolio should not be the one I show there, but should be one that's very heavily into stocks.

他所想提出的观点是,最佳投资组合并不是我在这讲的那个，而是把大量资金都投资到股票市场中。

耶鲁公开课 - 金融市场课程节选

But, when you move from lending money to the government -either short-term with bills or longer term with bonds -to investing in the equity market, there's a stunning difference in terms of the returns.

当你转变投资方式,从借钱给政府,即通过短期债券或长期债券的形式,变成投资于股票市场,回报率的差别会大到让你吃惊

耶鲁公开课 - 金融市场课程节选