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

There's a term--I should write some of my terms down-- a very important term in finance and that's "dilution."

有一个词,我把它写下来,金融学中非常重要的词,叫"摊薄"

耶鲁公开课 - 金融市场课程节选

So you throw your hands up and you say, "Oh, I guess I don't know what it's like."

于是你会两手一摊，说，我想我是想不出来的“

耶鲁公开课 - 死亡课程节选

And that pole was right next to this ice-cream stand in front of the theater in Tulle.

然后那根柱子就在那个,冰激凌摊旁边,剧院前面

耶鲁公开课 - 1871年后的法国课程节选

He is the intellectual who enjoys bringing, you might say, the harsh and unremitting facts about human nature to light, who enjoys dispelling illusions and pretty beliefs.

他是一位学者，乐于将人性残酷、,不得宽恕的真实面,摊在阳光下来检视，他更乐于为人破解假想及天真的信念。

耶鲁公开课 - 政治哲学导论课程节选

Well, you could say it dilutes it but it doesn't lower the price of your investment, in general.

你也可以说这是一种摊薄,但总体上,你的投资价值并没有因此减少

耶鲁公开课 - 金融市场课程节选

Everyone who's thinking, I don't know whether I'll be rich or poor, so I would like to have a world in which risks are shared.

每一个会思考的人都会想到，我无法预知自己会富有还是贫穷，那么还是生活在能够摊薄风险的世界更好。

耶鲁公开课 - 金融市场课程节选

Dilution occurs--the term specifically refers to changes in a number of shares that affect, adversely, existing shareholders.

摊薄特指的是,股票数量受到影响,不利于已持股的股东

耶鲁公开课 - 金融市场课程节选

The typical example of dilution is: the board of directors has hired a CEO for the company and they want to motivate the CEO.

摊薄的典型例子是,董事会为公司雇用了一位首席执行官,他们想激励这位首席执行官

耶鲁公开课 - 金融市场课程节选

Dilution occurs when the company changes the number of shares asymmetrically-- not changing it for everybody.

摊薄是指公司,非对称地改变股数,而不是一概而论

耶鲁公开课 - 金融市场课程节选

One thing that people can do to get in is to buy shares If the company issues new shares by selling them to the public, it's not obviously dilution.

人们为进入公司,就可能去购买股票,如果公司通过公开销售股票来增发新股,这显然不是摊薄

耶鲁公开课 - 金融市场课程节选

The best you can do sharing among yourselves is sharing your own risk, the risk of your own community; but your own community goes up and down and you're not sharing widely enough.

你们所能做的仅仅是在成员之间,分摊自己的风险，即你们这个小团体的风险;,但由于共有背景下的正相关性,你们的风险无法摊薄。

耶鲁公开课 - 金融市场课程节选

You see, if they give the-- if they merely give shares to the CEO without increasing your shares, then you are being diluted because it's raising the total and it's reducing the ratio.

如果他们仅仅给首席执行官股份,而不给你们增发股份的话,那么你们的股份会因总数增加而被摊薄,比例有所降低

耶鲁公开课 - 金融市场课程节选

Of course it's lowering your share of the company, but offsetting this is that the company is taking in money from the person who bought the shares and so it doesn't dilute you.

当然这会降低你对公司的控股,但补偿是公司增大了股本,因为人们购买股份,不会摊薄你的那份

耶鲁公开课 - 金融市场课程节选