They included a pizza chef, an electrical engineer, a bank executive, a dairy wholesaler, a school teacher and four stockbrokers; stockbrokers get the word faster.

这些人中,包括一位披萨厨师,一位电子工程师,一位银行经理,一位牛奶批发商,一位老师,和四位股票经纪人,股票经纪人散播消息的速度更快

耶鲁公开课 - 金融市场课程节选

As a result, people invest in banks -the stock of banks -because they understand that these people have a long-term relationship with business and they are immune from the adverse selection.

结果呢,人们就会投资于银行,即购买银行的股票,因为他们知道,银行家和企业界保持着长期的关系,他们可以免受逆向选择之害

耶鲁公开课 - 金融市场课程节选

There are two things: you can have a cash account with them you put money into the cash account and you haven't bought shares with it yet; it's just sitting--it's like in a bank.

这里有两种情况,一种是你有现金账户,你将钱存进现金账户,但还没有买股票,仅仅是做储蓄,就像存在银行

耶鲁公开课 - 金融市场课程节选