The second principle is did the distribution arise from the operation of free consent, people buying and trading on the market?

第二条原则，财富的分配是否,基于自由达成的交易，基于自由市场的买卖？

耶鲁公开课 - 公正课程节选

But what I'm assigning to you is the second edition, which came out in 2005, pretty much at the peak of the housing market.

但是我指定你们去读的,是2005年出的第二版,那时候房地产市场正位于高点

耶鲁公开课 - 金融市场课程节选

This is a game in which there are two firms who are competing in the same market, and we'll give a bit more detail in a second.

它讲的是在同一个市场中,只有两家公司互相竞争,稍后我会给出更多的细节

耶鲁公开课 - 博弈论课程节选

The second, market timing, deals with short-term deviations from the long-term asset allocations that you establish.

第二,市场时机选择涉及,偏离长期资产配置的短期操作

耶鲁公开课 - 金融市场课程节选

This is the plot that I created for the second edition of my book, Irrational Exuberance, that shows the real estate market in the United States since 1890.

这是我的书的第二版中,我所撰写的内容之一,"非理性繁荣",那里描述了自1890年以来的,美国的房地产市场

耶鲁公开课 - 金融市场课程节选

Let's move to the second point: market timing.

接下来我们讲第二点,市场时机选择

耶鲁公开课 - 金融市场课程节选