来自《耶鲁大学开放课程：金融理论 第8集 第8集》

• 
  
  nothing.
  一无所有
• 
  
  It's just beginning.
  这是刚刚开始
• 
  
  He's put in his 100 dollars, so the hedge fund's got 100
  他投了100块 因此对冲基金有了
• 
  
  dollars.
  100元
• 
  
  So that's it.
  就是这样
• 
  
  So I'm imagining these all happen, they usually happen
  我假想这些一直发生 实际上
• 
  
  quarterly or annually or something.
  都是按季度或者年度做
• 
  
  They don't happen every day.
  不是每天都发生
• 
  
  There's a fixed moment at which everyone deposits their money.
  在这个固定时间每个人都存钱
• 
  
  So let's say they happen annually.
  我们假设一年一次
• 
  
  The guy puts in 100 dollars at the beginning of the year.
  在年初这个人存了100元
• 
  
  For the rest of the year nobody can do anything.
  这一年余下的时间其他人都不能存钱