and trail run instead of doing it on the street
在小路上跑,而不是在街上
So there is more even playing field instead of the 21:1 ratio, we are doing much more, focusing on the positive.
比起21比1的比率,两方更均衡,我们做得更多,除了专注于积极的一面。
I'm just doing it with a series of switches instead of a fingerboard, which we obviously don't have-- Okay. That's fine. That's great.
只是我用的是阀键,代替圆号上很明显没有的指板,好的,很棒
As you can see, part of the reason why the dividend-earnings ratio-- especially in more recent years, since 1990-- has been declining is that corporations were trying to somewhat ease the tax burden on their shareholders by doing repurchase instead of dividend.
可以看出,股利收益比降低的部分原因,尤其是在近些年,从1990年起,有所降低的原因是,公司想通过将分红,改为股票回购的方法,多少减轻股东的税负
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