We'll see later on, there are classes of computation that are inherently much more complex. We hate them, because they're costly, but they're sometimes inherently that way.
我们会稍后详细的讲讲这个,有许多内在更加复杂的种类的算法,我们痛恨它们,因为它们很耗时。
They make it very costly, socially costly, to divorce, so then they stay together for all kinds of reasons, not always such good ones.
离婚社会代价太大,因此双方由于各种原因不分开,不是所有原因都是好的。
A lot of people in the financial community are annoyed by them because these regulations are costly to comply with and they take a lot of resources.
很多金融界人士对其烦不胜烦,因为执行规范条例的成本很高,一旦执行,占用太多资源
So, it's not surprising that asset allocation explains more than 100% of returns and that, for the community as a whole, market timing and security selection are costly and lower the community's aggregate investment returns.
因此资产配置能解释100%以上的回报,也不足为奇了,对投资者整体来说,市场时机选择,和证券选择是有代价的,降低了总的投资回报
Governments establish regulators who set down rules for participants in financial markets and these rules may be perceived as onerous and costly to people in the financial community, but ultimately it's their salvation and it's what makes everything possible.
政府设立监管机构,监管机构为金融市场的参与者,制定法规条令,这些规则对金融界,有着极其严格的约束,但这些规则最终使得金融界运作良好,免遭灭顶之灾
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