第一项措施就是差价——庄家愿意买卖有价证券的价之间的差距。

The first is the bid-offer spread—the difference between the prices at which market makers are willing to buy and sell securities.

youdao

比起那些购买滞价证券的投资者，同样是在过去的一年中，那些购买表现卓异股票的投资者往往能够斩获更为丰厚的资金回报（10%的年收益率）。

Investors who buy the best-performing shares over the previous year earn much higher returns (ten percentage points a year) than those who buy the laggards of the preceding 12 months.

youdao

今年2月份，卡夫在经过长达六个月谈判切磋之后，最终成功收购吉百利。 周二，卡夫食品在纽约证券交易所每股收盘价为28.25美元。

Shares of Kraft closed at $28.25 Tuesday on the New York Stock Exchange.

youdao

Our current portfolio has 11% allocated to domestic equities, 15% to foreign equities,and 4% to bonds, so traditional marketable securities account for 30% of assets.

我们当前的投资组合中11%是国内股,15%是国外股,4%是债券,所以传统有价证券占总资产的30%

耶鲁公开课 - 金融市场课程节选

So 90% of your portfolio is in domestic marketable securities and only 10% is invested in things like real estate or venture capital or private equity -hardly enough to make a difference in terms of the portfolios returns.

于是90%的投资都在本国有价证券中,仅10%用于比如不动产,风险资本或私募股权投资,这一小块几乎对投资回报,没有什么作用

耶鲁公开课 - 金融市场课程节选