投机

Therefore, the thing to determine is the speculative line of least resistance at the moment of trading; and what he should wait for is the moment when that line defines itself, because that is his signal to get busy.

因此，交易时要决定的是最小阻力投机线；因为最小阻力投机线会自己显现出来，所以投机者要做的事就是等待它显现出来，这就是信号，然后投机者再动手。

In order to fully evaluate fund managers' speculative behavior,this thesis would estimate fund managers' speculative risk via the measure of systematic skewness.

研究发现，在熊市基金经理往往承担着更多的投机风险，基金投机风险的变化与基金绩效的变化呈负相关关系。

" There is no critical boundary between speculation and investment, especially when all participators are immersed in delighted atmosphere, There is nothing so easier than large amount of unearned money that can lead person to loss the logos. Even more normal person will lose his head, after such kind of experience mentioned. The more time they stay in the dancing party, that is invest much capital into the speculative operation, the larger the proportion of The Pumpkin carriage and mouse driver show the hoof is. All of them intend to stay to the last minute rather than miss any minute of the dancing party. But the point is there is no pointer in the clock at all." Buffett wrote these words to shareholders in 2000 years.

"股神"巴菲特2000年写给股东的信中写道："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！"

She can stay at home and read novels, she can't speculate in exchange of stack,but she can speculate in pasteboard.

她可以呆在家里读读小说，她虽然不再能在证券交易所投机，但却还可以在纸牌上投机。

She can stay at home reading the storybooks. she can't speculate in shares not stock but pasteboard.

她可以呆在家里读读小说，她虽然不再能在证券交易所投机，但却还可以在纸牌上投机。

The stability of value of local and rational market depends on rational spec and the strength that are not reason to make easy conduct are comparative, and the excessive fluctuation that immature market often shows often is the expression that rational spec is in weak force.

局部理性市场价格的稳定性取决于理性投机与非理性交易行为的力量对比，而不成熟市场经常显现的过度波动性则往往是理性投机处于弱势的表现。

The main research results and conclusion are as follows:At first, the research under the institution background of the configuration of binary stock equity indicates a market portfolio in the SEO market, and the new issue's market demand only directly related to the market capacity, the composite price index, speculative gains, the risk inverse matrix and its row vector.

主要研究成果和结论如下：第一，本文研究表明，在股权二元结构制度环境下，增发市场存在市场组合，新股市场需求量只与市场容量、综合价格指数和投机收益以及风险矩阵的逆矩阵及其行向量直接相关，因投机收益受到新股发行量和新股发行价格的影响，因此新股市场需求量与两者间接相关。

As I said it was speculation, there is speculation truth.

正如我说，这是投机，有投机的真理。

In a 2006 interview in BusinessWeek magazine, Yale economist Robert Shiller said of the impact of speculators on long term valuations,"I worry about a big fall because prices today are being supported by a speculative fever,"[37] and former NAR chief economist David Lereah said in 2005 that "here's a speculative element in home buying now."

在2006年商业周刊杂志采访中，耶鲁大学经济学家希勒说的影响，投机者长期估值，"我担心价格大幅下跌，因为今天正支持投机热"， [ 37 ]和前NAR首席经济学家David Lereah表示， 2005年，"这里有投机因素，购房了。"

These games can be played with zest and enjoyment, though all the players know that it is the Old Maid which is circulating, or that when the music stops some of the players will find themselves unseated.

在这样的股市投机也许没有多大害处，就像是企业洪流当中的小小泡沫，但是如果企业变成投机漩涡中的小小泡沫，那代志就大条了，因为一个国家的资本发展已经变成赌场活动的附属品时，工作是无法顺畅进行的。

They weren't aggressive, but I yelled and threw a rock in their direction to get them off the trail and away from me, just in case.

他们没有侵略性，但我大喊，并在他们的方向扔石头让他们过的线索，远离我，以防万一。

In slot 2 in your bag put wrapping paper, quantity does not matter in this case.

在你的书包里槽2把包装纸、数量无关紧要。