For those who believe in efficient markets, this represents a triumph.
对那些相信有效市场理论的人来说，这代表着一场胜利。
'Why doesn't his belief in efficient markets determine every step he takes with his own money?
为什么他对有效市场的信念没能主导他在自己金钱上的每一步行动呢？
So the success of Bill Miller, a fund manager at the Baltimore-based Legg Mason, has been a conundrum for those who believe in efficient markets.
依靠察看过去的信息或以往价格变化的形式来赚钱是不可能的的人而言，巴尔的摩莱森·梅森Legg Mason公司的基金经理比尔·米勒的成功是个难解的谜。
In a sense, efficient markets would require that everybody and every analyst completes Eric Lee's study.
在某种意义上，有效市场需要所有人和所有分析员一完成埃里克·李的研究
It is a time to strengthen oversight, improve governance and push for freer and more efficient markets in China and abroad.
现在是加强监督、改善治理，以及营造更自由、更有效率的市场的时候，不管是在中国，还是在国外。
Markets may be efficient in a narrow sense but not in the sense of allocating capital to its most productive use.
在狭义上市场可能有效，但在分配资本进行最多产的应用的意义上则非如此。
In particular, they supply liquidity and price information that makes futures markets more efficient.
尤其是，他们所提供的流动性和价格信息，都使期货市场更加高效。
Economists have long studied how institutional constraints interfere with efficient economic choices, such as when special interests erect barriers to entry in product markets.
经济学家长期研究制度约束对有效经济选择的干涉，比如当特别的利率突破屏障进入产品市场的时候。
That depends, in part, on whether you begin from the premise that financial markets are efficient, or that they are inherently prone to irrational behaviour and speculative excess.
这部分的取决于你的分析前提认为金融市场是有效的，还是生来就有行为非理性与投机过度的倾向。
Some groups operate in fields like distressed debt, where markets may not be fully efficient and outsize returns could be achievable.
一些团队有所专营比如不良债权，当市场有效性不充分时，超额回报可以实现。
Macroeconomics in general has come under fire for depending too much on assumptions of efficient markets and its inability to incorporate the spasms of emotion that create economic manias and panics.
宏观经济学总体上由于过度依赖高效市场之假设以及无力整合导致经济疯狂和恐慌的情感波动而饱受诟病。
WHEN the Internet took off in the mid-1990s, it was often claimed that it would improve price transparency, cut out middlemen and make markets more efficient.
随着1990年代中期互联网的蓬勃发展，大家都认为它会提高价格透明度、减少中间商进而提高市场效率。
For years, many people in the industry, including some at Morgan Stanley and Goldman Sachs, have supported letting investors bet against stocks in an effort to promote more-efficient markets.
多年来，包括摩根·士丹利和高盛部分人士在内的不少金融界人士都支持卖空行为的存在，希望借此提高市场的效率。
In general, less volatile stocks have done better over time than more volatile stocks, which is somewhat inconsistent with the notion of efficient markets.
一般来说，波动小的股票在长期内比波动大的股票，表现要好，一定程度上，这和金融市场有效论的观点是相悖的。
In a sense, efficient markets would require that everybody -every analyst rushes out and completes Eric Lee's study.
在某种意义上，有效市场需要所有人，所有分析员一起去完成埃里克·李的研究。
The producing conditions, measurement methods and forming reasons of the rational bubble in efficient stock markets were discussed.
对有效证券市场上理性泡沫的产生条件、度量方法和形成原因进行了分析；
By sampling the housing and office market data in Beijing and Shanghai, this paper examines the return and risk characteristics in these markets and tests whether they are efficient or not.
利用北京和上海住宅市场与写字楼市场的数据，考察了市场中收益和风险的特征，并检验了它们是否满足市场有效性的要求。
Now, he says, there has been "a very fundamental shock to the "efficient markets hypothesis" which has been in the DNA of the FSA and securities and banking regulators around the world.
如今，“存在于FSA以及世界各地证券与银行业监管机构DNA中的‘有效市场假设'受到了根本性冲击”。
Traditionally, our markets have been the fairest, most efficient and the most transparent in the world.
传统上，我们的市场一直是世界上最公平、最有效率和最透明的。
In theory, at least, markets should be forward looking and efficient enough to have already incorporated the shift into current prices, the OECD economists argued.
OECD经济学家认为，至少理论上讲，市场应该具有前瞻性及足够的效率，将这种变化体现在当前的价格中。
Our global presence enables us to focus on the most topical problems in specific markets, whilst offering our customers the most efficient solutions in their country.
我们的全球机构使我们可以关注特定市场最典型的问题，并为我们的客户提供在他们所在国家最有效的解决方案。 从而造就了今天所组成的全球网络。
Compare the efficient markets hypothesis and fractals markets hypothesis, indeed they are the different methods from the point of linear and nonlinear in securities markets.
本文主要是比较了有效市场假设与分形市场假设，也即比较了证券市场的线性与非线性的观点。有效市场假设对应于正态分布，分形市场假设对应于“肥尾”分布。
Compare the efficient markets hypothesis and fractals markets hypothesis, indeed they are the different methods from the point of linear and nonlinear in securities markets.
本文主要是比较了有效市场假设与分形市场假设，也即比较了证券市场的线性与非线性的观点。有效市场假设对应于正态分布，分形市场假设对应于“肥尾”分布。
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