Actually, what he finds is the winning side would lose about 5% and the losing side would lose maybe as much 15%, and so you get some idea.
他得出的结论是,胜方伤亡,大约是百分之五,而败方可以高达百分之十五,大概是这样
For example, maybe you were trying to lose some weight.
例如,也许你正在试图减肥。
Maybe on average institutions lose thirty basis points, but it's kind of Lake Wobegon, where we all believe that we're better than average, so we're going to overcome that thirty basis points -that's not such a big hurdle.
可能平均每个机构都会落后30个基点,这就有点像沃比冈湖效应,大家都觉得自己能高过市场平均水平,30个基点会赶上的,不算什么大的差距
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