The Book of the Month Club was a mail-order book club that started in 1926 and it became an incredibly powerful engine for selling books, just as Oprah's Book Club is today.

月读书友会是一个创立于1926年的邮购书友会6,是图书销售的强大引擎，正如今天的奥普拉书友会一样。

耶鲁公开课 - 1945年后的美国小说课程节选

So, investors will have a tendency to try to hide -or people who sell investments will try to channel the good investments to their friends and dump the bad stuff on other people.

所以,投资者倾向于掩盖,或者说是投资产品的销售者会试图,把好的投资产品卖给自己的朋友,而把那些差的留给外人

耶鲁公开课 - 金融市场课程节选