股市的系统风险与股票价格是否围绕其内在价值波动密切相关。
The stock market system risk is nearly related to whether the stock price encircled its inner value.
价格是对价值的反映，通常情况下它是围绕价值波动的。
Price, which in general fluctuates around its value, is the reflection of the latter.
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。
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.
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