它们交易时并不以特定的一只股票为着眼点。

They do not trade by taking a view on a particular stock.

youdao

有一只股票，它支付4.86%的股息。

Here's a stock that's paying a dividend of 4.86%.

youdao

他们会说，你不应该把大量现金放在一只股票基金中。

They say you shouldn't hold lots of cash in an equity fund.

youdao

Because the first time I wrote the program, I didn't have anything like that here and a stock could go to and then recover.

因为我第一次写这个程序的时候，我什么也没有,一只股票可以等于0然后再恢复。

麻省理工公开课 - 计算机科学及编程导论课程节选

We might or might not have time to come back to that But more generally, the point is, that each stock actually behaves a little bit differently.

我们可能没有时间讲这些问题了,但是一般来说，这里的问题是，每一只股票的表现,都是不一样的。

麻省理工公开课 - 计算机科学及编程导论课程节选

In '98, I forget which way, but one of the share classes 20% was at a 20% discount to the other and that persisted for several years, so you have economically identical things trading at different prices.

在98年，我不记得是为什么，一支这种类型的股票,比另一只股票便宜,而且这种现象持续了好几年的时间，因此你拥有经济意义上完全相同,但是却以不同价格进行交易的东西。

耶鲁公开课 - 金融市场课程节选