But when the tide turned, its brokers wanted more security, as they could not judge the risk of its pairings and its hedges.
但是,当潮头逆转时,由于无法判断组合另一半的风险以及其对冲把握,经济人们需要更多的资金安全保证。
Ideal and real clashed slightly as the sun lit up their figures against the green hedges and creeper-laced house-fronts; for, though the whole troop wore white garments, no two whites were among them.
太阳照亮了她们的身形,在绿色的树篱和爬满藤萝的房屋前墙的映衬下,理想和现实就稍微显出一些冲突来;因为尽管整个游行的队伍都穿着白色服装,然而她们中间却没有两件的颜色是一样的。
So, for example, in the latter stages of the current cyclical bull market, gold and other hedges against inflation got relatively cheaper as stocks continued to soar.
举个例子,在当前这个周期反弹到后半段的时候,在股市飙升的同时,黄金和其他通胀对冲保值产品会相对较为便宜。
It is not to bind them from voluntary actions but to direct and keep them in such motion as not to hurt themselves by their own impetuous desires, rashness or indiscretion as hedges are set not to stop travelers but to keep them on their way."
不是约束他们去做本该做的事,而是约束他们不做不该做的事,以免因自己的欲望,轻率,鲁莽而危机自身,这就像是篱笆的功能一样,不是要阻挡行路而是为小路指引方向“
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