来自《耶鲁大学开放课程：金融市场第18集第18集》

like the 1929 stock market crash,

如1929年股灾
and then it's only after the crisis that anyone thinks about it.

危机过后人们才开始思考
I don't know what was happening for

我不知道20世纪的最初30年
the first thirty years of the twentieth century;

发生了什么
they had all these pension funds,

人们设立了许多养老基金
but the whole idea seemed to be faulty.

但整个思路似乎都是错的
Why would you think that

你凭什么认为
your company can support you in your old age?

你所在公司能在你退休后支持你
That's decades in the future.

那是几十年后的事
The chance that your

你所在的公司
company would go under has to be substantial,

将来也是有可能倒闭的
but people don't seem to see these risks and

但人们没有意识到这些风险