市场制造者对客户没有信托责任也不做保证，他们的责任，在他看来，是确保客户能得到他们(为了获取利润而愿意承担)的风险。

Marketmakers owe no fiduciary duty to clients, and offer no warranties; their responsibility, he argued, is to make sure those they serve are getting the risk exposures they seek.

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这里走了一大段长路来解释为什么芯片制造者像农夫般有过度供给市场的倾向，同时这种倾向在他们出售电脑芯片这种无差别产品(类似冬小麦)时更为明显。

This goes a long way towards explaining why chipmakers, like farmers, have a tendency to oversupply the market, particularly if they sell memory chips, an undifferentiated product (like winter wheat).

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与之相反，欧洲的汽车制造者们，比如梅赛德斯·奔驰公司和大众公司，要积极主动的多。大众汽车已向美国市场推出了若干使用柴油发动机的型号，例如帕萨特和途锐。

In contrast, European carmakers such as Mercedes-Benz and Volkswagen are growing more aggressive: VW offers American buyers diesel engines in several models, such as its Passat saloon and Touareg SUV.

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