Another important role of the MA is differentiating between what I call "value trades" and "greater fool theory" trades.
均线的另外一个重要角色是他区分了“价值交易”和“最大的傻瓜理论”交易。
Trades determine bonuses at the end of the year, even though their real value may not become clear until later.
虽然实际价格在没有实现前并不明确，但交易是决定年底分红的条件。
Statoil still trades at a discount to the value of its assets.
挪威国家石油公司的交易价格仍旧低于其资产价值。
"I believe that the trade of critic, in literature, music, and the drama, is the most degraded of all trades, and that it has no real value," Twain writes.
“我认为，在文学，音乐，戏剧领域中批评家这一行当，是所有营生中最低级堕落的，完全没有一点真正的价值，”吐温写道。
The firm trades at 20% below its book value, compared with 25% above for Goldman.
公司交易价值低于账面价值20%，而其高于高曼25%。
The oil major currently trades at a fraction of its net asset value, thanks mostly to the black eye it took from the massive oil spill in the Gulf of Mexico last year.
去年墨西哥湾所发生的大面积漏油事故使英国石油元气大伤，这位原油巨头目前的股价仅为其净资产值的零头。
Besides, bilateral trades grew relatively faster with several emerging markets, such as South Africa and Brazil, each with an increase of 107.1% and 57.7% respectively in trade value.
与部分新兴市场如南非、巴西双边贸易增长较快，贸易额分别增长107.1%和57.7%。
In June only 7% of trades on Goldman Sachs’s Sigma X network were of a size that institutional investors typically make—ie, 10, 000 shares or $200, 000 in value—according to the most recent data.
根据最新数据，7月高盛Sigmax平台的黑池交易只有7%达到了正常机构投资者的交易量，即10000股的交易量或20万美元的交易额。
This is one reason why KKR's listed fund trades below its net asset value.
这就是KKR的上市基金股价低于净值的一个原因。
Yong people should be encouraged to see the value of all trades and professions and to look upon the career they've chosen with interest and pride.
应鼓励年轻人了解各行各业的价值，从而使他们能充满兴趣，自豪的看待他们所选择的职业。
So if your life trades its seventy years for seventy hours I have that value now and I am lucky enough to know it.
所以，要是拿一生七十年来换七十小时，我也不觉得有什么遗憾，而且，我能这样想也已经够幸福了。
At the high end, enthusiasm about China's allegedly endless appetite for luxury brands is pushing up stocks like LVMH, which now trades at about 3.5x book value on the hope of rapid growth.
高端市场上，围绕中国对奢侈品品牌所谓的无止尽需求的热情，正推高LVMH等集团的股价。基于迅速增长的预期，这只股票现在的交易价格大约是其账面价值的3.5倍。
Young people should be encouraged to see the value of all trades and professions. They should look upon the careers they've chosen with interest and pride.
应该鼓励年轻人看到各行各业的价值。他们应该对自己的工作充满兴趣和自豪。
When a bank trades at half of book value, investors are saying the bank's assets are worth somewhere near half of what the bank says they are.
当一家银行股价只有帐面价值的一半时，投资者就是在说，该银行的资产只有银行所宣称的一半价值。
In the course of the transition of the social and economic environment, the traditional value chain of many trades has been decomposed and re-combined because of receiving bigger impact.
在社会经济环境变迁的过程中，许多行业的传统价值链因受到较大的冲击而产生了分解与重组的现象。
In the course of the transition of the social and economic environment, the traditional value chain of many trades has been decomposed and re-combined because of receiving bigger impact.
在社会经济环境变迁的过程中，许多行业的传统价值链因受到较大的冲击而产生了分解与重组的现象。
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