“没有恐慌，也肯定没有支付过高价格，”他说。

There's no panic, and there's certainly no overpayment, "he said."

youdao

巴菲特真正关心的是，不要一开始就以过高价格买入。

What Buffett is really concerned about is not overpaying in the first place.

youdao

同样，购房者在售租比超过平常水平时，倾向于为房产支付过高价格。

Similarly, homebuyers are likely to be overpaying for property when the price-to-rents ratio is higher than normal.

youdao

If people thought the stock was overpriced, well, people would have tried to sell it, and it would have come down.

如果人们觉得股票价格过高，人们就会把它卖了，价格就会下降。

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Maybe it's a tradition, maybe it's to keep the value kind of in a familiar range or a small-- they don't want them to get too expensive because people can't-- small investors can't afford them anymore.

也许是传统使然,也许是为了将价值维持在一个惯常的小区间内,他们不想让价格升得太高,因为人们,小投资者无法承担过高价格

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