This implies that there is really no difference in principle between a small change in the stock market today and catastrophic change tomorrow.

这表明，今天股市上的一个小小变化与明天的一个灾难性变化在原则上实在没有差别。

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What did make a difference, though, was the amount of company stock owned by institutional investors, with — wait for it — greater institutional ownership translating into poorer stock performance.

然而，伴随着——等等——更多的机构持股转化成更糟糕的股市表现时，真正起到作用的是机构投资者持有的公司股的数量。

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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

youdao

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

耶鲁公开课 - 金融市场课程节选

But sometimes there's a wide spread--and in a volatile stock, a difference of a nickel a share off the consensus forecast can mean a big swing in a stock price when earnings come out.

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In the fourth quarter, the difference between the stock with the biggest returns and the stock with the worst returns was about 30 percentage points, compared with the average difference of 50 percentage points over the past decade, Ms. Subramanian says.

WSJ: Upside: How to Find a Fund Manager Who Can Beat the Market

For many deep pocketed skiers the difference between stock and custom is equivalent to one or two post skiing massages sprung for because the stock boots left them sore or the day of skiing paid for but missed thanks to burnt out legs.

FORBES: Why You Need Custom Ski Boots - Now