and you failed to invest in that stock right before it took off through the charts.
你却没来得及在这只股票大涨之前及时投资。
I wrote this book in 2000 right at the peak of-- fortunately right at the peak of the stock market.
我2000年写这本书的时候,当时希勒教授在书中提醒投资者注意泡沫风险 股市正处于最高点 2个月后此预言果然应验
Funny thing -the stock price soared right between August and December when they announced it.
有意思的是,在八月与他们发布消息的十二月之间,正巧股票价格飞涨
All right, so there's class stock.
好了,这就是stock类。
One is that -there's a literature in finance about options and stock price performance, which goes back ten years, that shows that something is not quite right with the way companies issue options.
其中之一是,有一部关于期权与股票价格表现,的金融文献,讲述的是十年前,关于公司发行期权的,一些不太正确的做法
If stock price option -if stock options tend to be issued as announced by the company later, just before stock prices go up, there's no way that that can be right because nobody can know exactly when the stock price is going to go up.
如果股票期权价格...,如果就像公司事后宣称的一样,公司恰好是在股价上涨之前,发行的股票期权,这是不可能做到的,因为没有人可以确切知道,股票价格何时会上涨
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