The last man standing is asset allocation and that tends to drive both institutional returns and individual returns.
能决定回报率的只剩下资产配置,它将决定,机构投资和个人投资的回报率
All right, so now we have the makings of a good thermometer and a good temperature scale.
这一常数只决定于温度,于是我们现在,可以定义一个理想的温度计和温标了。
And again, our energy is going to be the same where we again only depend on the n value.
同样的能量,和以前一样,因为它,只决定于n的值。
So, these two facts taken together, thin slices and the power of first impressions, means that just by a brief exposure to somebody it shapes so much of how you're going to think about them in the future.
综合考虑这两方面,薄片效应和第一印象的影响,意味着只需要短暂地接触对方,就能决定,你以后对他们有什么看法。
For example, I don't have more space to write, if this is time and this is earnings-- if your earnings were,say, flat and suddenly increased like that, they wouldn't believe this increase at first, so the board would decide to adjust only, say, half way up.
例如,没地方写了,横轴是时间,纵轴是收益,如果你的收益,一直平稳,突然间提高,他们刚开始不敢相信这种增长,董事们决定只小幅增加,如增到一半
All right, because energy doesn't care about the path.
与路径无关,只决定。
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