So future returns are likely to be lower than the previous norm.
因此未来的回报很可能也比之前的标准低。
Today's investment will bring the number of times for future returns.
今天的投入将会为未来带来数十倍的回报。
They cannot control the level of future returns but they can do something about costs.
未来的收益多少无从把握，但控制交易成本还是能够有所作为的吧。
When share valuations are high, future returns are likely to be low and vice versa.
当股票价值高涨时，未来的收益就可能偏低。反之亦然。
What then does common sense tell us about future asset returns?
那么，有关未來的资产报酬率，常识告诉我们些什么呢？
Do Stock Returns Predict the Future?
证券回报可以预测企业的未来吗？
Do Stock Returns Predict the Future?
证券回报可以预测企业的未来吗？
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