The problem is, if your brokerage firm fails you could lose a lot; you could lose your cash account and your security account.

可问题是,一旦经纪公司破产,你可能损失惨重,赔光你现金账户和证券账户上所有的资金

耶鲁公开课 - 金融市场课程节选

Most of those who attempt to sell too late and buy too late and do both too often, incurring heavy expenses and developing too unsettled and speculative state of mind."

大多数试图晚卖或晚买的人,或者经常既晚卖又晚买的人会损失惨重,而且变得心神不定还特别喜欢投机

耶鲁公开课 - 金融市场课程节选

s not going in the future.-We are not going to get out of that, out of a lot of massive contraction. And massive contraction might cause some operations to perish. I knew some Anderson partners who were honest decent people who suffered terribly.

而且没有未来，-大规模缩减，And，it’,对我们来说没什么用处,而且会造成一些,行动的失败，我知道一些,诚实正直的安德森合伙人,损失惨重。

斯坦福公开课 - 经济学课程节选