来自《耶鲁大学开放课程：金融市场 第11集 第11集》

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  Stocks were kind of different in those days.
  那时的股票有些不同
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  They were more like railroads or steel companies
  更多是铁路或者钢铁公司
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  and it was just understood.
  人们也只知其皮毛
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  If someone were recommending you a stock,
  如果某人向你推荐一支股票
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  you'd first say, what is its dividend?
  你会问 股利如何
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  And if someone said, it's 4%, you'd say, well that's kind of meager,
  如果他说 是4% 你会觉得少
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  I want a better dividend than that.
  我想要更高的股利
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  Now, people don't seem to be focused on them.
  现在人们对股利不是那么在意了
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  In another sense, they're more willing to
  换句话说 他们更放心
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  entrust the money back to the board of directors
  把钱交给董事们管
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  to decide on when and whether to pay dividends.
  让他们来决定什么时候或发不发股利
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  Now the other thing is,
  另一件方面是