在通货紧缩情况下名义价值的上升表示其真正价值也有一个更大的上升,所以我认为无论是在通货膨胀或是在通货紧缩情况下,实质的黄金价格都会上升。
A rise in nominal values in deflation represents an ever greater rise in real values, so I think gold's price ascent in real terms will be nearly identical in inflation or deflation.
这实际上就是艺术的实质:在数百名想成为艺术家的人中,如果你有真正的天赋,那你就是幸运的。
That actually is what art is like: out of hundreds of people who want to be artists, you are lucky if one has genuine talent.
有相当比例的企业实际上从未给出真正的自由现金回报——对其员工和客户来说,它们实质上是做慈善。
A surprising proportion of companies never really shows a genuine free cash return - they are essentially a charity for their staff and customers.
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