What I want to do, I want to talk about Jeremy Siegel's book and the equity premium puzzle.
接下来我要做的是,我想谈论下杰里米·西格尔的书,和股权溢价之谜。
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。
I'll let you read Siegel and his discussion of this possibility, ... but I think that-- what I want to get now is not necessarily any agreement on whether you believe that there's such a high excess return for stocks.
我会要求你们读西格尔的书,以及他对这种可能性的讨论,但是我认为-,你们并不需要,同意炒股的收益,远远高于其他的投资方式。
Shiller and Siegel are next to each other in the alphabet, so I was standing in line with him for an x-ray and I got to talking with him and I've known him ever since.
希勒和西格尔按字母顺序是相邻的,所以我和他站在一起排队照X光,我们开始聊天,从此我就认识他了
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