This goes back in time from the text we were discussing last time in the teens and twenties to 1901.
这要回到我们上次课所讲,他年少时直到1901的那段时期。
Until the teens, telephones were very expensive because they didn't have good amplification technology.
在20年代之前,电话还是奢侈品,因为它们还没有增强讯号技术
Rather,it consists of identifying and amplifying " the strengths that these teens already have."
相反,它认定并放大了这个事实,就是青少年们已滥用药物“
That's in the one decade of the teens.
迁移持续了十多年
So the Blue Sky Laws were basically coming in the teens.
所以蓝天法仅上世纪初被广泛使用
So,we're talking about a group of funds that in aggregate probably produced somewhere in the low teens returns and he's got 11.7% per year combined survivorship bias and backfill bias.
因此我们说这组基金总体上,大概产生了略高于10%的收益率,他算出的数字是每年11.7%,结合了生存偏差和回填偏差
But one of the fascinating things about Charles Colcott Jones born in the late eighteenth century, rises to adulthood by the teens,1820s is he's a classic example of a highly educated Southern planter.
但查尔斯.考克特.琼斯最有意思的事情是,他生在十八世纪末期,在十八世纪二十年代成年,他是位受过高等教育的南方种植者的代表
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