When you buy high and sell low it's really hard to generate returns, even if you do it with great enthusiasm and great volume.

当你高价买入低价卖出时,是很难产生回报的,不管你有多大交易热情或有多大交易量

耶鲁公开课 - 金融市场课程节选

And they specialise in selling overpriced novelty goods, really.

他们专营高价的新奇的商品，真的。

奢华购物的天堂 - SpeakingMax英语口语达人

My first question is, to what extent can investors like us adopt your strategy of buying cheap ? and expecting the value of a company to go up?

第一个问题是，在什么情况下像我们这样的投资者,才能采纳您“低点买入,期待上涨，高价卖出“的策略呢？

耶鲁公开课 - 金融市场课程节选

Well, one thing that goes wrong is that suppose Coke and Pepsi were able to either to write a contract or whatever to sustain joint monopoly output at this high price, this price which is actually producing positive profits in the industry it is going to turn out, therefore the price is going to be above costs.

我来说吧,问题出在这里了,假设可口可乐和百事达成了协议,不管签的是协议还是合同,只要能通过协约维持垄断产出,通过制定高价来达到正的利润就行,这样价格是高于成本的

耶鲁公开课 - 博弈论课程节选

That's what I'll buy today not because I'll derive income off of it, but because it's what people are going to want next week and I'll be able to sell it higher.

意思是我今天要买入什么,并不是因为我希望从中获取收益，而是因为这是人们在下个星期希望买入的,而我将会以更高价卖出。

耶鲁公开课 - 金融市场课程节选