If they're failing they should cut their dividend, but companies are reluctant to do that because it looks bad, so they hold off for a long time, not cutting.

如果效益不好他们应该减少红利,但是公司不愿意这样做,是因为这样显得很糟糕,所以他们一直拖延着不去减少红利

耶鲁公开课 - 金融市场课程节选

So, you're having a good year this year maybe-- it looks that way now-- and you think you can't afford it, but just think how bad it will be if it's a bad year.

也许对你来说,今年年景不错,起码现在看起来是这样的,你只是觉得买不起保险,那么一旦歉收,你的处境会有多糟呢

耶鲁公开课 - 金融市场课程节选