I'm not setting up a very high standard for success.

对于此次作业我的标准不是很高
If it were this bad,

若与我刚得出的糟糕结论有的一拼...
efficient markets--well,

有效市场...
this looks good for efficient markets theory.

这倒与有效市场理论的观点相符合
What I thought you might do for the problem set

关于作业我希望你们
is to try to think creatively about how to forecast the market.

尽量发挥创造性的思维来预测市场
Let me say this: I'm not--I'm going to have to continue

这么说吧我不会...另外一节课上
with my doubts about efficient markets in another lecture,

我会继续阐述我对有效市场的异议
but I think that the story has a good element of truth to it.

但我认为这个理论中的一个观点非常正确
It has to be hard to beat the market

即要打败市场很难
but it's oversold as well, especially in academic circles--

但是这点被夸大了在学术圈尤甚
I think us professors, who are poor are-

我认为我们这些清贫的教授