• The price reflects--really, when you buy a share of a company you own it forever.

    这个价格反映出,当你购买一份股票并永久持有时

    耶鲁公开课 - 金融市场课程节选

  • The more money a company borrows, the more risky the share becomes.

    公司负债越多,股票风险越大

    耶鲁公开课 - 金融市场课程节选

  • The other thing that a company can do to get money out is share repurchase-- stock repurchase or share repurchase It's perfectly--this sometimes surprises people when they first think about it.

    另外一个可以让公司,收回投资的方法是股票回购,股票回购或者股份回购,最初看到这一方法时,人们可能会十分惊讶

    耶鲁公开课 - 金融市场课程节选

  • Boards always want to keep their price of a share up because if it starts to decline, the company could become a takeover target; it's viewed as a failure etc., etc.

    董事们想将股价维持在高水准上,因为股价一旦下滑,公司很可能会成为收购目标,被人看做是决策失误等等

    耶鲁公开课 - 金融市场课程节选

  • Of course it's lowering your share of the company, but offsetting this is that the company is taking in money from the person who bought the shares and so it doesn't dilute you.

    当然这会降低你对公司的控股,但补偿是公司增大了股本,因为人们购买股份,不会摊薄你的那份

    耶鲁公开课 - 金融市场课程节选

  • The debt irrelevance theory says that it matters for the price of a share what a company issues-- how much debt it takes on-- but it doesn't matter for the value of the company.

    负债不相关理论说明它和,公司发行股票的每股价格,和总负债有关,但和公司的价值无关

    耶鲁公开课 - 金融市场课程节选

  • They must be looking at some measure of the value of the company and dividing by the number of shares and then that gives them some idea of what the share is worth.

    他们必然会对公司的价值有一定衡量,用其除以股票数量,然后大致得出每股价值

    耶鲁公开课 - 金融市场课程节选

  • The price of a share is the price of the ownership of that earnings' stream If I buy a share I'm in with everyone else who owns the company and I have a claim on the earnings' stream, but the earnings' stream is a year-by-year thing.

    每股价格是指,收入所有权的价格,如果我和其他股东一样买了一份股票,那么我就对收益有要求权,但收益是逐年计算的

    耶鲁公开课 - 金融市场课程节选

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