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Chapter six presents such new concepts as margin utility contribution force, profit-risk exchange rate, state-expectation-variance utility function, long-term expectation-variance utility curve and optimal portfolio expansion curve. The state-expectation-variance analytical method is developed from the expectation-variance analytical method. The changing rate of profit-risk exchange rate to state variable is used to define and distinguish the decreasing, constant and increasing relative risk aversion. A decomposition formula about the margin contribution force of holding wealth to state-expectation-variance utility function is displayed. The decomposition formula demonstrates that the contribution force of investors' holding wealth to their utility is composed of the pure contribution force of holding wealth and the investment contribution force bronght about through investment portfolio.

第六章提出了边际效用贡献力、收益—风险替换率、状态—期望—方差效用函数、长期期望—方差效用曲线、最优证券组合扩展线等新概念;把期望—方差分析方法发展成状态—期望—方差分析方法;用收益—风险替换率对状态变量ω的变化率来定义和区分递减、定常、递增相对风险厌恶;获得了持有财富对状态—期望—方差效用函数的边际贡献力的分解式,该分解公式表明投资者的持有财富对他的效用的贡献力由持有财富本身的纯贡献力和持有财富通过投资证券组合所产生的投资贡献力所组成。

There were three possible solutions: to increase the production of real wealth; to decrease the quantity of money; or to devaluate, or make each unit of money equal to a smaller amount of wealth.

对此,有三种解决方法:增加真实财富的产出。减少货币量。贬值,或者说,使每一单位的货币等于更少量的真实财富。

However, the background of a theater full of seeking power and wealth among the court, where people are wealth and power fans got dizzy, so father and daughter have taken place in fratricidal tragedy.

值得吗?也许我还没有步入社会,不知道挣钱的辛苦,但是我知道的是,赚钱是为了生活的更好更快乐,而没有亲人的关爱的生活是不会开心的。最后一句更是全文的经典:世人啊,擦亮你们的眼睛吧,含毒的针刺往往隐藏在美丽的花束之中。

Currently, under half of all wealth managers hold more than 40 per cent of their clients' investable wealth - but over the next three years this proportion is expected to increase dramatically so that 80 per cent of wealth managers hold 40 per cent of a client's wealth.

目前,不到半数的财富经理管理着其客户逾40%的可投资财富--但未来3年内,这一比例有望大幅提高,届时80%的财富经理将管理着客户40%的财富。54654654(www.storyall.cn)

Currently, under half of all wealth managers hold more than 40 per cent of their clients' investable wealth - 8ttt8.com over the next three years this proportion is expected to increase dramatically so that 80 per cent of wealth managers hold 40 per cent of a client's wealth.

目前,不到半数的财富经理管理着其客户逾40%的可投资财富--但未来3年内,这一比例有望大幅提高,届时80%的财富经理将管理着客户40%的财富。

At the beginning of the forum, volunteers of GPEPA presented a wonderful English playlet, the king choosing son-in-law, a romantic love story involved comparison between wealth and spiritual values. It indicates that cherishing resources can promote the development of a country and that nature is our everlasting wealth. The humorous acting and moving plots made a deep impression on the audience.

讲坛的开始,广外大"绿色先锋"环保协会的志愿者们用寓言故事的形式呈现了一部精彩的英语短剧《国王招婿》,短剧通过浪漫的爱情故事,巧妙的将物质财富和精神财富做比较,告诉人们国家因不随意浪费而长存,自然环境是永恒的财富,同时演员幽默风趣的表演、生动的故事情节给在场观众留下了深刻的印象。

Fisher(1930)shows how capital markets increase the utility both of economic agents with surplus wealth and of agents with investment opportunities that exceed their own wealth by providing each party with a low-cost means of achieving their goals The Fisher Separation Theorem demonstrates that capital markers yield a single interest rate both borrowers and lenders can use in making consumption and investment decisions, and this in turn allows a separation between investment and financing decisions.

费希尔( 1930年),可见资本市场,提高公用事业双方的经济代理人与剩余财富,以及代理商与投资机会超过他们自己的财富,提供每一个党同一种低成本的方式实现自己的目标费雪的分离定理证明资本标记产量单一利率均借方和贷方可以使用,使消费和投资决定,而这反过来又使分离之间,投资与融资的决策。

The ruling passion of the age," Soddy said,"is to convert wealth into debt— to exchange a thing with present-day real value (a thing that could be stolen, or broken, or rust or rot before you can manage to use it) for something immutable and unchanging , a claim on wealth that has yet to be made.

索迪曾说"这个时代的主要志趣就是将财富转变成债务"——用一个带有现实价值的东西去换取一个永久而不可变的玩艺儿,一个对尚待创造的财富的求取权。

The overseas trade was the most energetic economic growing part in the coastal regions, stimulated and promoted the developing course of the other interrelated economic parts. For instance, the commercialized agriculture was increasingly related to the overseas market; some of handicraft industries were growingly orientated by exportation. A good deal of inflow of silver aroused the great reforms in the currency economy and the tax institution. Trade increased wealth; the increasing wealth drove the traders for more benefits, created a sumptuous atmosphere, and changed the behavior manners and merit criteria as well. In a word, the coastal regions presented unprecedented energy and prosperity.Ⅴ.

明中后期国内社会经济为海外贸易的发展提供雄厚的物质支持,贸易同样给广东、福建等地带来重大的物质利益和财富来源,为沿海平民提供了就业机会和谋生途径;对外贸易是沿海地区最有活力的经济增长点,刺激并带动相关经济部门的发展进程;例如珠江三角洲等地农业商品化生产与海外市场联系日趋密切;部分手工业生产部门出现出口导向倾向,白银的大量输入引发了货币经济和赋役制度的重大变革,通商贸易增加了财富,而财富的增加又滋长了商贩逐利、竞尚奢华之风,部分改变了人们的行为方式与价值取向,沿海地区经济呈现出前所未有的活力与繁荣。

The ruling passion of the age," Soddy said,"is to convert wealth into debt— to exchange a thing with present-day real value (a thing that could be stolen, or broken, or rust or rot before you can manage to use it) for something immutable and unchanging , a claim on wealth that has yet to be made.

索迪曾说&这个时代的主要志趣就是将财富转变成债务&——用一个带有现实价值的东西去换取一个永久而不可变的玩艺儿,一个对尚待创造的财富的求取权。

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We have no common name for a mime of Sophron or Xenarchus and a Socratic Conversation; and we should still be without one even if the imitation in the two instances were in trimeters or elegiacs or some other kind of verse--though it is the way with people to tack on 'poet' to the name of a metre, and talk of elegiac-poets and epic-poets, thinking that they call them poets not by reason of the imitative nature of their work, but indiscriminately by reason of the metre they write in.

索夫农 、森那库斯和苏格拉底式的对话采用的模仿没有一个公共的名称;三音步诗、挽歌体或其他类型的诗的模仿也没有——人们把&诗人&这一名词和格律名称结合到一起,称之为挽歌体诗人或者史诗诗人,他们被称为诗人,似乎只是因为遵守格律写作,而非他们作品的模仿本质。

The relationship between communicative competence and grammar teaching should be that of the ends and the means.

交际能力和语法的关系应该是目标与途径的关系。

This is not paper type of business,it's people business,with such huge money involved.

这不是纸上谈兵式的交易,这是人与人的业务,而且涉及金额巨大。