This theory, which essentially states that the price of a traded asset, such as a share, fully reflects its true value, has been discredited by the market turmoil of the last two years.

这个理论基本上是说，市场上如股票之类的交易资产的价格充分体现了它的真正价值。这一理论已由于过去两年的市场动荡而遭到质疑。

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Unfortunately, this will also probably be reflected in the price, so this might not tell you much about value.

可惜的是，这点便利在价格上也会体现出来，因此在性价比上这或许帮不了你太多忙。

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This year alone, speculators have driven up the price of garlic, ginger and mung beans, popular for their medicinal value.

仅仅今年一年，随着大蒜，生姜和绿豆的药用价值为越来越多的人接受，投机者借机哄抬它们的价格。

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On the traditional Price to Earnings Growth criteria, where investors want to pay a multiple equal to or less than the growth rate, Netflix is delivering a value at this price.

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On the other hand, the price-to-book ratio is a useful measure of value, and most researchers agree that this ratio is strongly correlated with stock price performance.

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So what elements in a watch offer value in excess of a Rolex Submariner at this price range?

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