The whole essence of a stock dividend is that they're paying it to every shareholder in the same proportion, so every one hundred shares becomes one hundred and five shares; so you know that that has no meaning to me.

但股票股利的要义就在于,他们给每个股东相同的份额,所以每一百股都变成了一百零五股,这对我来说毫无意义

耶鲁公开课 - 金融市场课程节选

When you start a company you might have had-- maybe when Peter Peterson and Stephen Schwarzman founded The Blackstone Group they gave each of them five hundred shares-- I'm just making that up-- but obviously there's going to be more shareholders as time comes in.

开办一家新公司时,你可能要...,当彼得·彼得森和史蒂芬·施瓦茨曼,创立黑石集团的时候,他们每人拿到了500股,这是我编的,显然,随着时间推移,会有更多股东

耶鲁公开课 - 金融市场课程节选