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"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands."

投资与投机之间永远是一线之隔,尤其是当所有市场的参与者都沉浸在欢愉的气氛当中时更是如此,再也没有比大笔不劳而获的金钱更让人失去理性,在经历过这类经验之后,再正常的人也会像参加舞会的灰姑娘一样被冲昏了头,他们明知在舞会中多待一会也就是继续将大笔的资金投入到投机的活动之上,南瓜马车与老鼠驾驶现出原形的机率就越高,但他们还是舍不得错过这场盛大舞会的任何一分钟,所有人都打算继续待到最后一刻才离开,但问题是这场舞会中的时钟根本就没有指针!

"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands."

C n! h9 u5 O C: C昆山,bbs,论坛,昆山BBS,昆山论坛,kb,kbcool 投资与投机之间永远是一线之隔,尤其是当所有市场的参与者都沉浸在欢愉的气氛当中时更是如此,再也没有比大笔不劳而获的金钱更让人失去理性,在经历过这类经验之后,再正常的人也会像参加舞会的灰姑娘一样被冲昏了头,他们明知在舞会中多待一会也就是继续将大笔的资金投入到投机的活动之上,南瓜马车与老鼠驾驶现出原形的机率就越高,但他们还是舍不得错过这场盛大舞会的任何一分钟,所有人都打算继续待到最后一刻才离开,但问题是这场舞会中的时钟根本就没有指针!

Theline separating investment and speculation, which is never bright andclear, becomes blurred still further when most market participants haverecently enjoyed triumphs. Nothing sedates rationality like large dosesof effortless money. After a heady experience of that kind, normallysensible people drift into behavior akin to that of Cinderella at theball. They know that overstaying the festivities - that is, continuingto speculate in companies that have gigantic valuations relative to thecash they are likely to generate in the future - will eventually bringon pumpkins and mice. But they nevertheless hate to miss a singleminute of what is one helluva party. Therefore, the giddy participantsall plan to leave just seconds before midnight.

投资与投机之间永远是一线之隔,尤其是当所有市场的参与者都沉浸在欢愉的气氛当中时更是如此,再也没有比大笔不劳而获的金钱更让人失去理性,在经历过这类经验之后,再正常的人也会像参加舞会的灰姑娘一样被冲昏了头,他们明知在舞会中多待一会-也就是继续将大笔的资金投入到投机的活动之上,南瓜马车与老鼠驾驶现出原形的机率就越高,但他们还是舍不得错过这场盛大舞会的任何一分钟,所有人都打算继续待到最后一刻才离开,但问题是这场舞会中的时钟根本就没有指针!

As the force generated by dozens or hundreds of people marching together may wreck a bridge, tens or even hundreds of millions of like-minded stockholders may bring about bigger crash and sorer disasters by all expecting the stock market to be bullish or bearish and pulling together for higher stock market prices.

几十人、几百人齐步走的力量可以摧毁一座桥梁,试想,如果大家思想统一,观点一致,并且采取了一致的行动,都看好股票市场,或者都看跌股票市场,几千万人,甚至一亿股民齐心协力地去推高股票市场,最后推得越高,跌得就越低,灾难就越深重。

Many a man tampers with these merely from curiosity, but seeing evidence of the working of a more than human power, he is lured on and on, until he is controlled by a will stronger than his own. He cannot escape from its mysterious power.{DA 258.3

许多人只是出于好奇,与之作尝试性的周旋,但既见到一种超人能力在营运,就渐渐受了迷惑,直到自己完全被一种比自己更强的意志所控制,就再也逃不出其神秘的能力了。

Located on Longjiang Road in Taipei City, Shin Ger Bakery recently has rolled out a new launch of chocolate cake called "Love Potion"."Love Potion" is a chocolate cake consisting of 70% Belgian dark chocolate. With every single bite, you can feel that chocolate melting on your tongue and tangoing with your taste buds.

台北市龙江路上的欣格欧式烘焙坊,有一款名为「爱恋魔药」的巧克力蛋糕,以进口比利时巧克力制作的70%黑巧克力蛋糕,就像在吃巧克力,有著入口即化的湿润口感,浓郁的滋味交织著苦甜,蛋糕上还淋有特制的巧克力酱,能一口就尝到不同层次的巧克力。

Fundamentally one can cope with everything else, born as one is to a subterranean life of struggle; one emerges again and again into the light, one experiences again and again one's golden hour of victory—and then one stands forth as one was born, unbreakable, tensed, ready for new, even harder, remoter things, like a bow that distress only serves to draw tauter.

人基本上是能够对付其余这些困难的;人生来就是一种地下的、战斗的存在;人总是会不断地接触到光亮,不断地经历他的胜利的黄金时刻——然后就停留在那儿,好像生来就是这样的坚不可摧,这样急切准备迎接新的、更艰难、更遥远的战斗,就像一张弓,任何困难都只能使它绷得更紧。

Amounting to 1,000 to 1,500 exposures a month. The exposure rate of 1,000 taxies will be substantial.

一个月就有一千到一千五百次;如此说来,1000辆车的曝光率,就很可观了。

In other words, these politically correct people would use the clause to suppress an institution they find abhorrent the prohibition of which transgresses a right they think is of limited importance, but not an institution they approve (same-sex marriage) which they see as required to condemn discrimination on the basis of sexual orientation.

换句话说,当这些政治上正确的人们发现一种制度可憎以及对该制度的禁止只会违反他们认为重要程度不大的权利时,他们可能就会适用这项条款对该制度进行压制,但是如果他们既赞成一种制度,又认为这种制度是谴责性取向歧视时不可或缺的东西,那么他们就会不再适用这项条款。

A catbird, the Northern mocker, lit in a tree over Tom's head, and trilled out her imitations of her neighbors in a rapture of enjoyment; then a shrill jay swept down, a flash of blue flame, and stopped on a twig almost within the boy's reach, cocked his head to one side and eyed the strangers with a consuming curiosity; a gray squirrel and a big fellow of the "fox" kind came skurrying along, sitting up at intervals to inspect and chatter at the boys, for the wild things had probably never seen a human being before and scarcely knew whether to be afraid or not.

有一只猫鹊——一种北方的学舌鸟——在汤姆头顶上的一棵大树上落下来,模仿着它附近别的鸟儿的叫声,叫得欢天喜地。随后又有一只樫鸟尖叫着疾飞而下,像一团一闪而过的蓝色火焰,落到一根小树枝上,汤姆几乎一伸手就能够到它。它歪着脑袋,十分好奇地打量着这几位不速之客;还有一只灰色的松鼠和一只狐狸类的大东西匆匆跑来,一会儿坐着观察这几个孩子,一会儿又冲他们叫几声。这些野生动物也许以前从未见过人类,所以它们根本不知道该不该害怕。

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According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm~150rpm时取得最大值,此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世,形体几无变化。

When I was in school, the rabbi explained everythingin the Bible two different ways.

当我上学的时候,老师解释《圣经》用两种不同的方法。