well, that's the way Wall Street works or at least a -some people say markets are efficient and stock prices incorporate all information.

华尔街就是这么运作的,一些人认为市场是有效的,股票价格是各种信息的综合体现

耶鲁公开课 - 金融市场课程节选

Now before we talk about this, let's just collect this information in a more useful way.

在我们讨论之前,先有效地整理一下这些信息

耶鲁公开课 - 博弈论课程节选

What this model asserts is that markets are informationally efficient.

这个模型说,这个市场处理信息有效的。

麻省理工公开课 - 计算机科学及编程导论课程节选

So this is not the most efficient way of representing information.

其实，这不是最有效的,信息表示方式。

哈佛公开课 - 计算机科学课程节选

If you look at the behavior of groups of active managers and the dispersion of returns, I think it gives you some idea of what the efficiency is with which assets in these individual assets classes are priced.

如果观察一下主动管理型的基金经理们,和他们的投资收益分布,我想它会告诉你一些信息,哪些资产是有效定价

耶鲁公开课 - 金融市场课程节选