It surprises many people that stocks have paid such an enormous premium over the return on short-term debt.

很多人没有想到的是,股票相比短期债券而言,存在一个巨大的溢价。

耶鲁公开课 - 金融市场课程节选

In every one of these countries, since 1901, there has been a very high equity premium.

从1901年开始，每个这些国家，都有个相当高的股票溢价。

耶鲁公开课 - 金融市场课程节选

This is--I'm showing here U.S. data, but Siegel also argues in the latest edition that the equity premium is also high for advanced countries over the whole world.

这就是。。。我在这展示的是美国的数据，但是西格尔在他最新出版的书中讨论道,在世界范围内许多发达国家的,股票溢价同样很高。

耶鲁公开课 - 金融市场课程节选

This is called the equity premium.

这就是所谓的股票溢价现象。

耶鲁公开课 - 金融市场课程节选