All that matters is the ratio: how many shares I own divided by the number of shares outstanding.

比例才是最根本的要素,我有的股数除以总发行股数

耶鲁公开课 - 金融市场课程节选

I'm the CEO of Google and I call the broker and I say, how many shares are outstanding?

如果我是谷歌的执行总裁,我给经纪人打电话问,一共发行了多少股票

耶鲁公开课 - 金融市场课程节选

So, you now have two thousand shares, but now there are twenty million shares outstanding in the company so the ratio is unchanged.

你现在有两千股,但是发行总股数也变成了两千万,所以比例并没有变

耶鲁公开课 - 金融市场课程节选

People don't usually know how many shares are outstanding in the company that they invest in.

人们通常不知道,他们所投资的公司到底发行了多少股票

耶鲁公开课 - 金融市场课程节选

I talked about a company as having only shares outstanding, but they also have debt outstanding.

我曾提过只发行股票的公司,他们还会有负债

耶鲁公开课 - 金融市场课程节选

It's mine if I own one thousand shares and there are one thousand outstanding.

公司是我的,我有一千股,而公司总共也就发行了一千股

耶鲁公开课 - 金融市场课程节选

What if you own one thousand shares and there are ten million outstanding?

如果你有一千股,但是已发行的有一千万股呢

耶鲁公开课 - 金融市场课程节选

There are ten million shares outstanding-- I'm going to buy ten million shares.

总共发行了一千万股,我就买下一千万股

耶鲁公开课 - 金融市场课程节选

It's changing the number of shares outstanding, so the value of the company declines by the same amount; it has to, as if they had just paid a dividend.

它改变了发行股数,所以公司价值减少了相同的数量,必须如此,就好像支出了股利一样

耶鲁公开课 - 金融市场课程节选

Now, the critical thing to understand about a corporation is that in order to value a share in a corporation you absolutely have to know the number of shares outstanding.

理解这类公司的关键在于,要衡量一家公司股票的价值,你必须清楚总共发行的股票数量

耶鲁公开课 - 金融市场课程节选

It doesn't mean anything until you know how many shares are outstanding because if I own one thousand shares and then you look it up and find out how many shares are outstanding-- there are one thousand-- you say, hey I own the whole company.

这毫无意义,除非你知道总共发行的股票数量,如果你有十手股票,但后来发现,总共发行的股票数量,就是一千股,你就可以说,整个公司都是我的

耶鲁公开课 - 金融市场课程节选