“You can create a trading strategy that overnight makes lots of money, and it can take months or years to find out whether it is real money or luck or excessive risk-taking,” Philippon explained.

你可以制定交易策略，一夜之后赚取大量金钱，然后花费数月或者数年时间去发现它到底是真实的金钱还是运气还是过分的风险承担。

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“You can create a trading strategy that overnight makes lots of money, and it can take months or years to find out whether it is real money or luck or excessive risk-taking, ” Philippon explained.

你可以制定交易策略，一夜之后赚取大量金钱，然后花费数月或者数年时间去发现它到底是真实的金钱还是运气还是过分的风险承担。

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They stay even in value terms and create lots of trading volume.

这些资产按价值计算仍然持平，并创造了大量交易额。

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Big trading operations, lots of close relationships with the governments of resource rich countries, giant asset-intensive operations.

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It's typically marked by lots of trading and sometimes big swings in stock prices.

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The point of the project, which should be completed by 2014, is to allow Nepal to participate in international carbon-trading schemes that pay poor countries with lots of trees not to cut them down.

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