But, because of the logic of risk management we have to make a deal with them; so, it becomes more formal and impersonal.

但是，基于风险管理的逻辑,我们必须和他们达成协议;,使分摊正规化而不受主观情绪的影响。

耶鲁公开课 - 金融市场课程节选

That's a decision of the management of the company and we have to understand how they make that decision and what that means to people who are valuing stocks.

这是公司管理层的决定,我们必须了解他们,是如何做这个决定,以及这个决定对股评家的意义

耶鲁公开课 - 金融市场课程节选