在苹果和微软都曾经工作过的一位主管这样描述它们之间的差异:“微软老是尝试寻找未实现收益的口袋,然后盘算如何去赚钱。”
An executive who worked at both Apple and Microsoft described the differences this way: "Microsoft tries to find pockets of unrealized revenue and then figures out what to make."
此举不仅增加了小企业销售的税率,而且还造成了资金和收益税率之间的巨大差异。
The effect was both to raise the tax rates for sellers of small businesses and to introduce a vast discrepancy between the tax rates on capital and income.
该模型将显示在收入和市场份额之间哪种差异将对收益产生影响。
The model shows what the difference in revenue and market share will do to profits.
The thing that is very interesting that he finds is the difference, 4%, between the historical real return on stocks and the historical real return on bonds.
非常有趣的是,他发现历史实际股票收益,和历史实际债券收益之间,存在4%的差异。
The other thing that I mentioned last time was that there seems to be a really big difference between the expected return on the stock market and the expected return on short-term debt.
上节课提到的另一条内容是,股票市场的预期收益,与短期债券的预期收益,存在着巨大差异
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