And says, OK, that effectively means that the market is memoryless.
并且说,这种有效性的意思就是说,市场是无记忆性的。
Then, they did preliminary studies of safety and effectiveness in people.
接着,研究人员对疫苗在人体中的,安全性和有效性进行初步研究
And with respect to securities selection, you want to consider your skills and you want to consider the efficiency of markets when you're making your decisions as to whether or not to pursue passive management or active management.
证券选择方面,要考虑自身能力与市场有效性,从而决定,是采用被动型管理,还是主动型管理
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