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The capital asset pricing model was not intended to be a positive theory of equilibrium in capital markets, but rather a normative theory of how prices should behave if investors acted in a certain way.
资本资产定价模型并非旨在成为资本市场的实证均衡理论,而是一种规范性理论,描述如果投资者以某种方式行事,价格应如何表现。
现实是:有时你会输。你永远不会因为太好而不会输。你永远不会因为太强大而不会输。你永远不会因为太聪明而不会输。这是会发生的事。
The beauty of CRISPR is that it allows us to edit life's code with precision.
Democracy means simply the bludgeoning of the people by the people for the people.