All right, so last time we were talking about the Investor Game and this was a coordination game, and we learned some things.

上一讲我们讲到了投资者博弈,这属于协调博弈,从中我们学到了不少东西

耶鲁公开课 - 博弈论课程节选

Warren Buffett, he's a well-known business person and an investor. He attended here.

沃伦•巴菲特，他是个很有名的商人和投资家。他也在这里上过学。

哥伦比亚的名人 - SpeakingMax英语口语达人

They think, I'm really a smart investor, I figured it out,; it can reinforce the behavior until they get to maybe some terrible end.

他们会想我真是个聪明的投资人,我制定了如此有效的投资策略,这种想法使他们的自我膨胀加剧,直到他们遇到挫折或打击

耶鲁公开课 - 金融市场课程节选

And another five, or seven, or eight years went by, and the treasurer job became even too big of a job, and he became in charge of investor relations.

几年以后，财务主管负责的工作也很多了，他就开始负责投资关系。

斯坦福公开课 - 戴尔CEO-Michael.Dell谈创业和发展课程节选

But the problem is, I, being a naive investor, could get stuck with the bad stuff.

但问题是,作为一名菜鸟投资者,我就有可能会套在里面

耶鲁公开课 - 金融市场课程节选

Suppose you are a naive investor and you say, okay I'm going to invest in companies' paper, which is their promise to pay --their IOU.

假如你是一个菜鸟投资者,想投资于这些公司的债券,债券就是他们的偿还凭证或者说欠条

耶鲁公开课 - 金融市场课程节选

If you were a Chinese investor in Chinese stocks in 1949, what happened?

如果你是位中国投资者,1949年在股市上投资,结果如何

耶鲁公开课 - 金融市场课程节选

They talked a lot to him about investor psychology.

他们给他讲了很多关于投资者心理的东西

耶鲁公开课 - 金融市场课程节选

Last year, the SEC put out a proposal that -it's getting too easy to be an accredited investor -so they put out a proposal that we raise the wealth level to $2.5 million.

去年证交会发布了一项提议,鉴于合格投资者的门槛较低,因此他们提议,把准入门槛提高到250万美元

耶鲁公开课 - 金融市场课程节选

I mean,this romantic notion of what goes on in Silicon Valley actually still holds true in a lot of cases but there's absolutely no way, as a venture capital investor, you could index the venture capital market.

比如,硅谷崛起的故事,实际上许多其他地方也有类似的例子,但是对于风险投资者来说,指数化风险资本市场,是绝对不可能的

耶鲁公开课 - 金融市场课程节选

One thing that Merton Miller distilled from it was that people on boards, who decide on dividend payout, are very focused on the price of a share and they're worried about investor reaction.

但莫顿·米勒总结出一点,决定是否分红的董事们,十分关注股价,他们很担心投资者们的反应

耶鲁公开课 - 金融市场课程节选

It's a difficult problem that not everyone is smart -they vary in their ability -so we try to make a world in which it's pretty safe for the small investor who's not paying attention.

不是所有人都是聪明人,这是个难题,大家能力不同,所以我们试图营造一个环境,一个让小投资者感到安全的环境,而无需忧心忡忡

耶鲁公开课 - 金融市场课程节选

We defined an accredited investor as someone who can participate in a DPP or other sophisticated programs.

我们把可信投资者定义为,有资格加入DPP或者其他复杂项目的人

耶鲁公开课 - 金融市场课程节选