You can see that I'm saying about fifteen-- fifteen times earnings is typical, but we're in a high price-to-earnings scenario now.

你可以看出我提到的15这个数字,收益的15倍是最有代表性的,但我们现在正处于一个高市盈率的时期

耶鲁公开课 - 金融市场课程节选

However, then I'll have the whole market, it's as if I'm a monopolist but suddenly I'm pricing above the monopoly price, that can't be right.

但是,占有整个市场,相当于我是个垄断企业,但是我的价格却高于垄断价格,那是不正确的

耶鲁公开课 - 博弈论课程节选

The price of a share is the price of the ownership of that earnings' stream If I buy a share I'm in with everyone else who owns the company and I have a claim on the earnings' stream, but the earnings' stream is a year-by-year thing.

每股价格是指,收入所有权的价格,如果我和其他股东一样买了一份股票,那么我就对收益有要求权,但收益是逐年计算的

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