Or refuse to trade stocks based on information that we know we aren't supposed to have?

或者在明知道不可以的情况下，仍将公司股份卖掉？

You can't be buying and selling your stock based on information that you don't tell everyone else about.

你不能根据你没有告诉其他人的信息买卖你的股票。

The problem is that such an outcome is far from assured-and investors are beginning to price stocks based on earnings that are unlikely to materialise any time soon.

问题是，这样的结果远非板上钉钉，而投资者已经开始根据短期内不太可能实现的盈利来为股票定价。

SCHRAGER: Well, 'cause you have a marketplace where all these different people are bidding on stocks based on how much they think it's worth, and you do converge to this price.

施拉格：嗯， 因为你有一个市场， 所有这些不同的人都根据他们认为股票的价值来竞标股票，而你确实会收敛到这个价格。