It surprises many people that stocks have paid such an enormous premium over the return on short-term debt.

很多人没有想到的是,股票相比短期债券而言,存在一个巨大的溢价。

耶鲁公开课 - 金融市场课程节选

What we call this is the--I want to emphasize it, I'll write this again--the equity premium puzzle.

我们称之为...我想强调一下,我再写一次,股权溢价之谜

耶鲁公开课 - 金融市场课程节选

They have to pay--the premium has to cover the costs, so it was tough to get someone to buy life insurance even though they really needed it--it was such a good idea for them.

因为保费必须要超过保险公司的成本,因此,尽管寿险很好,人们也需要它,但是真正要说服人们购买,却是很困难的

耶鲁公开课 - 金融市场课程节选