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

So the total number of shares is almost-- the tendency to do splits is a cultural thing; it's of no real significance.

所以股票总数几乎是个,这种分割的趋势是文化使然,没有实际的意义

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Don't be too jubilant because when they do a split they do it to every single shareholder.

股票分割后也不要过分高兴,对每个股东都是如此

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Warren Buffett doesn't do splits with his Berkshire Hathaway and there are other companies that-- I guess Google doesn't do splits, isn't that right?

沃伦·巴菲特并没有对,他的伯克希尔哈撒韦做股票分割,但其他一些公司,谷歌也是不做分割的,对吧

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Companies routinely do what are called "splits."

公司有一种惯常做法叫做"股票分割"

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It's kind of like the average price of a share adjusted for splits because you don't want the--obviously when they do a two-for-one split, the price falls in half and that's meaningless, so you want to correct for splits.

有点像经过分割调整的股票平均价格,因为你不想,当一股分割成两股,价格下跌一半,这是没意义的,所以要修正分割

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