Stocks have paid 4% more a year over this incredibly long time period than short-term bonds.
股票在相当长的一段时间里,每年都比短期债券投资收益率,高出4个百分点。
that's a long time ago, more than... well, about a hundred years, but I think,
那是很久以前,多过……嗯,差不多一百年了,但是我觉得,
Now, to be sure, in Siberia in the far reaches of the north, North Asia, this empire amounted to little more than a series of trading posts, and it took a very long time for any semblance of Russian authority from Moscow and soon from St. Petersburg, for reasons that we'll see, to reach there.
现在,可以肯定,当时的俄国,在西伯利亚和北亚并没有多少商栈,俄国耗费了很多时间,才使得其首都市容变成现在这样,无论是莫斯科,还是之后的圣彼得堡,原因我们会讲到
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