• If the company increases the number of shares through a split that is not dilution because it doesn't really mean anything.

    如果公司通过股票分割来增加总股数,这不是摊薄,因为没有发生实质性变化

    耶鲁公开课 - 金融市场课程节选

  • But it's absolutely essential--so the shares only mean something as a relation to their total number of shares.

    这是十分必要的,所有股票只有在,和总体股本数量联系起来看时才有意义

    耶鲁公开课 - 金融市场课程节选

  • The genome starts piling on mutations that mean nothing; that's how they date the branches of the genome, by looking at the number of neutral mutations.

    基因积累了许多无意义的突变,这就是他们如何鉴定基因分支的年代,看中性突变的数量就行了

    耶鲁公开课 - 金融市场课程节选

  • But, in between, if some other number, it'll be some blend of the--mean and variance of--the portfolio will be some blend of the mean and variance of the two assets.

    但如果是在0和1之间的其他数值,这个投资组合的均值和方差将会是,两项资产各自的均值和方差的综合结果。

    耶鲁公开课 - 金融市场课程节选

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