But they give organic produce for extremely high quality organic produce.
但他们用劳动换取高品质的有机产品。
So there's not a lot of room in the government bond market or other high-quality bond markets to generate excess returns.
所以对于政府债券或者优质债券,超额收益的空间不大
Those were magnificent days in which there was a kind of a high-quality relation between student and fac.
那是多么美好的日子啊,学生和老师之间的关系非常融洽。
These are the only countries that I've been able to find that have high-quality, repeat sales price indexes going back a hundred years.
只有这三个国家,在100年前就已经出现,优质的重复销售价格指数
but with, you know, less cost, and probably even quality is not that high.
却只要更少的成本,虽然产品的质量可能不怎么高。
The bond markets,in general, and the high-quality bonds in particular are probably easiest to value.
一般来说,债券市场,尤其是优质债券,可能是最容易定价的
the quality of spirit than I am even correctness of doctrine, is it a high-quality commitment to service to others, are you willing to take a risk, what kind of price are you willing to pay.
多过于教义的准确性,你是否真正投身于对他人的服务中?,你愿意冒险吗?你愿意花多大的代价?
You want to spend your time and energy pursuing the most inefficiently priced asset classes because there's an enormous reward for identifying the top quartile venture capitalist and almost no reward for being in the top quartile of the high- quality bond universe.
你应该投入所有的时间和精力,去追逐最不能有效定价的资产,因为在那里才能通过一流的风投经理人,获得巨额的投资回报,而在债券市场,即使债券优质,经理人一流,回报微乎甚微
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