The only numbers that appear for the trailing ten years are numbers that are associated with firms that are still in business.

那些用于分析过去10年市场的数字,只能来自于目前仍在营业的公司

耶鲁公开课 - 金融市场课程节选

The only risks that are left are risks that everyone shares, so you would see planet-wide risks expressing themselves in consumption, but nothing else.

唯一剩下的风险,就是每人分担的那些风险，所以你会看到全球的市场风险,以消费的形式表现出来，再无其他。

耶鲁公开课 - 金融市场课程节选

So basically what I'm going to do here is I'm going to set my price to equal his price, minus a little bit, I'll just undercut him a little bit and by just undercutting him a little bit, I'm going to get the whole of the market and I'll make as much money as I can on those sales.

所以基本上我要做的是,设定我的价格等于他的价格,减去一点点,我的价格将仅仅比他的低一点点,并且通过比他的价格低一点点,我将占领整个市场,那些销售带给我尽可能多的钱

耶鲁公开课 - 博弈论课程节选

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 other end of the spectrum is a market that is very hard to define.

这里的其他市场,是指很难有效定价的那些市场

耶鲁公开课 - 金融市场课程节选

The idea was that they would help advance the mortgage market by buying up mortgages from mortgage originators and therefore allowing them to make more mortgages.

其主旨就是通过,从抵押贷款的原始权益人手中,购买这些债权来促进市场的发展,那些原始权益人就可以去放更多的贷款

耶鲁公开课 - 金融市场课程节选

The subprime mortgage market was bringing people into the mortgage market who in prior decades would not have been involved-- would not have had any mortgage.

次贷抵押信贷市场,把十多年前那些,不能获得抵押贷款的人,带进了抵押信贷市场

耶鲁公开课 - 金融市场课程节选

There just aren't pricing anomalies that are significant that are going to resolve themselves in a matter of months or weeks and so it's a silly game to play.

显著失常的定价,不会在短短几月或几周内,就在市场中显示出来,因此类似月进月出那些是一种愚蠢的行为

耶鲁公开课 - 金融市场课程节选