To investors stocks represent fractional ownership of underlying businesses and bonds are loans to those businesses. 对投资者而言,股票代表的是对应企业的部分所有权,而债券是这些企业的贷款。
China is seen as one of the few developing markets which could support a fractional ownership model in which customers buy shares in the service rather than in a specific aircraft. 中国被视为为数不多的可能支持部分所有权模式的发展中市场之一,根据这种模式,客户可以购买私人飞机服务(而不是某架飞机本身)的份额。
Benjamin Graham knew how hard it is to pinpoint the value of businesses and thus of equity securities that represent fractional ownership of those businesses. 本杰明格雷厄姆知道,要想精确地找出企业的价值,以及代表这些企业所有权一部分的股票的价值是多么难。