大多数公司都没有为这类债务留出现金或股票。

Most firms haven't set aside cash or stock for these IOUs.

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例如，没有证据表明从优秀走向卓越的企业对奖金或股票期权的应用更广泛。

There was no indication, for instance, that bonuses or stock options were more widely used by the good-to-great companies.

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如果，出于某种原因，企业无法利用现金，投资者将通过分红或股票回购来换回现金。

If, for some reason, they should fail to put their cash mountains to work, investors will demand the cash back through dividends and share buybacks.

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Those are institutions that arrange for or manage the buying and selling of financial assets, such as the New York Stock Exchange.

经纪机构是指那些安排或,管理买卖的,金融资产的机构,比如说纽约股票交易所

耶鲁公开课 - 金融市场课程节选

They build them, they do what if games, they play with them, and then they try and adjust them to get them right The nice thing here is, you can decide whether you believe momentum and see what it would mean, or not mean, etc.

他们实现建立程序，他们去做“要是“游戏，他们不断尝试，然后他们不断调整最终得到正确结果,最好的一件事就是，你可以决定你是否相信这个股票势头,看看它到底意味着什么或根本没有意义。

麻省理工公开课 - 计算机科学及编程导论课程节选

But, when you move from lending money to the government -either short-term with bills or longer term with bonds -to investing in the equity market, there's a stunning difference in terms of the returns.

当你转变投资方式,从借钱给政府,即通过短期债券或长期债券的形式,变成投资于股票市场,回报率的差别会大到让你吃惊

耶鲁公开课 - 金融市场课程节选