这是因为市场不完全有效,市场存在对公司业绩的过度反应。
This is because the market is valid incompletely, the market exists excessive reaction to the company's performance.
除此之外,有无数的直接销售给顾客的补救方法,不完全有效,需要经常性地重新购买,这些花费是相当昂贵的。
Beyond that, there were countless over-the-counter remedies that were less than completely effective and required constant re-purchasing which made them considerably expensive.
If markets were perfectly efficient, David Swensen could not have done what he did.
假设市场完全有效,大卫·斯文森就不可能有现在的成绩
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