The adaptive markets hypothesis says that all economic institutions, like our own species, develop and change over time, depending on the population of investors that are engaged with them.

  • -- Andrew Lo 罗德城

适应性市场假说认为,所有经济机构,就像我们人类一样,都会随着时间的推移而发展和变化,这取决于与之打交道的投资者群体。

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Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.

从长期来看,黄金价格近似于流通中的货币总量除以黄金存量的大小。如果黄金的市场价格从这一水平大幅波动,它可能预示着一个买进或卖出的机会。

Well, for over a year now at my desk, a prototype program of Luigi and Mario has been running on my monitor. We've been thinking about the game, and it may be something that could work on a completely new game system.

一年多来,路易吉和马里奥的原型程序一直在我的显示器上运行。我们一直在思考这款游戏,它可能是一款全新的游戏系统。

We don't to be some kind of rock supergroup for the sake of being a supergroup. You want to change things and say something fresh and new so you appeal to people as a new group.

我们不是为了成为一个超级群体而成为某种摇滚超级群体。你想要改变一些事情,说一些新鲜的和新的东西,这样你就能吸引人们作为一个新的群体。

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

全球经济前景依然脆弱和不确定。全球经济失衡依然存在,我们必须解决这些问题,否则未来可能出现不稳定。

Great countries need to secure their border for national security purposes, for economic purposes and for rule of law purposes.

大国需要出于国家安全、经济和法治的目的保护其边界。

Before you flare up at anyone's faults, take time to count ten of your own.

在你对任何人的错误大发雷霆之前,先花点时间数数自己的错误。

Sometimes its the smallest decisions that can change your life forever.

有时候,最微小的决定就能永远改变你的生活。

A friend is what the heart needs all the time.

朋友是心一直需要的东西。