In a sense, efficient markets would require that everybody -every analyst rushes out and completes Eric Lee's study.

在某种意义上,有效市场需要所有人,所有分析员一起去完成埃里克·李的研究

耶鲁公开课 - 金融市场课程节选

Efficient markets" is a theory about-- well it came in about three decades ago, maybe it's closer to four decades ago-- it's a theory that financial markets work very well and incorporate information very well.

有效市场是...,大约三十年前,甚至四十年前,有人提出了这一假说,他认为金融市场运行良好,而且信息披露全透明

耶鲁公开课 - 金融市场课程节选

On the other hand--and this is something that I want to emphasize-- you don't want to carry that too far and one of the lessons of behavioral finance is that markets are not really efficient in a global sense.

而另一方面,我想强调的是...,不要认为这就是真理,行为经济学中的一课就说,从全球的角度看,市场并非全然是有效的

耶鲁公开课 - 金融市场课程节选