So, for every dollar that you had at the peak, at the trough you had $.10 left.

于是,市场峰值时价值一美元的资产,到32年谷底时就只剩10美分了

耶鲁公开课 - 金融市场课程节选

That's Hicks's insight and it comes back then to Hicks's book, Value and Capital, in 1939.

以上就是希克斯的观点,他于1939年将其写入《资产价值》中

耶鲁公开课 - 金融市场课程节选

having more capital, standing for a set of values is a key part of our power.

拥有更多资产，坚持价值观,是力量的关键。

普林斯顿公开课 - 国际座谈会课程节选

My graduate student came back and said, it seems to have been Sir John Hicks in London in his 1931--1939 book, A Value in Capital.

我的助研说,约翰·理查德·希克斯勋爵,1904-1989,英国经济学家1972年与肯尼斯·阿罗一同获得诺贝尔经济学奖,在1939年所写的《资产价值》

耶鲁公开课 - 金融市场课程节选

Banks are in trouble and as you know - they're starting to fail because they the value of their assets in the market is falling rapidly.

银行陷入危机，并且你知道,他们开始破产因为他们,市场中资产的价值,在迅速的降低。

耶鲁公开课 - 金融市场课程节选

The net worth of the company is their assets minus their liabilities and that represents the value that the company has if they paid off all their liabilities.

公司净资产为,资产减去负债,也表示,公司清偿债务后的价值

耶鲁公开课 - 金融市场课程节选

If a company--if its stock sells for less than its assets are worth then the company maybe should be broken up and the assets taken and given somewhere else because the low stock price indicates a problem.

如果一家公司---如果它的股票卖的,比它的资产价值低,那么这家公司也许就应该破产，并且,它的资产就应该被占用或分配到其他地方,因为低的股票价格预示着一个危机。

耶鲁公开课 - 金融市场课程节选