What really matters to you as an investor is how much you have to pay today to get $100 in sixty days.

对于一个投资者来说,重要的是,现在你需要支付多少钱,才能在60天后获得100美元

耶鲁公开课 - 金融市场课程节选

Let's assume that I know what I'm earning next year; there is actually uncertainty about it.

假设我知道我明年会赚多少钱,虽然这通常都是不确定的

耶鲁公开课 - 金融市场课程节选

So what would your hunch be? How much? A million?

那你感觉是多少钱，一百万？

耶鲁公开课 - 公正课程节选

If your dealer quotes you a discount rate of 2.51%, you know how to convert that into the price and that's all that matters--all that really matters is the price you have to pay.

如果经销商告诉你折扣率是2.51%,你要知道如何转换成价格,真正和你有关系的,是你需要付多少钱

耶鲁公开课 - 金融市场课程节选

I put in .9958 for every dollar I got out, so my appreciation of my money is 1/.9958. Subtract that by $1, which is what I put in, and that's how much money I made as a fraction of a dollar.

我投入0.9958美元,得到1美元,我的资产增值为1/0.9958,减去1美元,那是我的投入,这就是每1美元,赚了多少钱

耶鲁公开课 - 金融市场课程节选