一个是市场因素。

One is the market factor.

youdao

纪律也许比其他成功销售的市场因素都重要。

Discipline is probably more critical to sales success than any other part of marketing.

youdao

这次的复苏实际上并没有发生，因为并不是市场因素在起作用自己稳定下来。

This revival did not happen because markets managed to stabilize themselves on their own.

youdao

There's something else going on besides diversification; diversification means you get the average return.

除了投资多样化外,肯定还有别的因素,投资多样化代表着市场平均收益

耶鲁公开课 - 金融市场课程节选

And also the profession is very much at the mercy of the market place

而且这个行业在很大程度上受制于市场因素。

建筑学专业教授 - SpeakingMax英语口语达人

Because we hold relatively stable, relatively well-diversified portfolios, security selection turns out not to be an important determinant of returns for most investors and market timing turns out not to be an important determinant of returns.

因为持有相对稳定,和相对分散的投资组合,证券选择不再是,决定投资者回报率的重要因素,而市场时机选择,也不会成为决定回报率的重要因素

耶鲁公开课 - 金融市场课程节选