财务管理专业语unit6.pptVIP

Risk and return Wisdom Wisdom He is the part of wise man to keep himself today for tomorrow, and not venture all his eggs in one basket. ——Cervantes, Don Quixote 他是智者中的一员，为明天而在今天保存自己，不会冒险把鸡蛋放在同一个篮子里。 The reason why corporations do not enter gambles with volatile payoffs and small positive expected returns is that managers know that generally volatility matters. ——Rene M.Stulz 一些企业之所以没有涉足到一些带有极大不确定性回报和预期收益很小的类似赌博似的业务中，是因为经理人知道极大的不确定性是存在的。 Mini