-
2008-07-01
小文转载
来自一位小朋友极少更新的blog。没别的,只是一直中意这种一路铺垫只为最后一句的写法。
地址是:http://deathhell123456789.spaces.live.com/default.aspx
market correction are just going too far
Back in 2000, the equity risk premium was excessively low. That is, the valuations were exceedingly high. Groups of companies, all focusing on the same market, claimed that they could achieve a 30% market share. Since at least twenty companies were making the same claim, you knew mathematically that this was impossible. Such a result could be achieved by three companies but not twenty, yet all twenty were priced in a way that suggested that it would happen for all twenty. This was, by definition, a bubble. Mutually exclusive outcomes, expressed in stock valuations, were trading at levels that suggested that all the companies were going to be wildly successful. It was a period for much caution. Today, in our opinion, the situation is the mirror opposite.随机文章:
bloomberg新闻:从老鼠啃乒乓球看beijingOG神经紧张 2008-07-30转载科普文《没有蜜蜂的春天》 2008-07-24玉山将崩 转载 2008-07-07美剧中的环保……骗你的 2008-07-04有人说我可以发笑话 2008-06-26
收藏到:Del.icio.us






















评论