《On Regular Investing》翻译与划分(022篇
定投就是如此简单:长期定期定额投资，降低风险
今天带来的文章来自 On Regular Investing (中文版叫《定投改变命运》) 第二部分《定投标的的选择》前面一小部分。
我们常说，选择大于努力。没错，在人生中为数不多的重大关键时刻，更是如此: 鸡毛蒜皮的小事选择错误倒影响不大，可若是在人生的重大事情上选错了，就南辕北辙了，非常恐怖。
比如在投资领域。选择一个正确长期可持续定投的标的是投资必需——你投资，铁定是要赚钱的，对吧？
投资需要策略。然而现在就有这样一个简单、粗暴、直接、有效的策略，你想要吗？
且看今天的文章。
原文:
Part Two: Choosing a Target for Regular Investing
Regular investing is simple, direct, brutal and effective. However, in addition to depending on the ability of the practitioner to earn money outside of the market, it depends even more on the selection of a quality investment target. If a mistake is made in the selection of the target, the result over the long term will be terrible.
It's important to note that what we are discussing is "how regular investors should choose an investment target", and not "how investors should choose the correct investment target". The former is a subset of the latter, and actually only has one additional condition:
Is it worth holding over the long term?
In the investment world, the Greet letter alpha (α) is used to refer to returns that exceed overall market returns. The goal of regular investors when choosing their investment target is to create alpha. They won't sell before at least two full market cycles have passed, because to do so would be to waste all of their previous efforts. All they do is buy, so they won't know for a long time whether or not their alpha is positive or negative.
生词:
- former adj.以前的；前任的；
- subset n. 子集；
参考翻译与划分:
第一句
Regular investing（主）is（系）simple（表1）, direct（表2）, brutal（表3）and effective（表4）.
定投策略简单、直接、粗暴、有效。
第二句
However, in addition to depending on the ability of the practitioner to earn money outside of the market, it depends even more on the selection of a quality investment target.
然而，除了依赖专业人士的场外挣钱能力，更是需要花费更多时间精力去选择优质的投资标的。
第三句
If a mistake is made in the selection of the target, the result over the long term will be terrible（状语从句）.
若是选错了定投标的，很长时间后，结果是很恐怖的。
第四句
It's important to note that what we are discussing is "how regular investors should choose an investment target", and not "how investors should choose the correct investment target".
需要注意的是，我们讨论的是 " 定投策略采用者应该怎样选择一个投资标的 "，而不是 " 投资者应该怎样选择正确的投资标的 "。
第五句
The former is a subset of the latter, and actually only has one additional condition:
Is it worth holding over the long term?
前者是后者的一个子集，并且事实上它只有一个附加条件:
这个标的是否值得长期持有？
第六句
In the investment world（主）, the Greet letter alpha (α)（主）is used（谓）to refer to returns（宾）that exceed overall market returns（定从）.
在投资领域，希腊字母α被用来表示跑赢市场平均水平的回报率。
第七句
The goal of regular investors（主）when choosing their investment target（定）is to create（谓）alpha（宾）.
当投资者选择他们的投资标的时，定投者的目标是创造α。
第八句
They（主）won't sell（谓）before at least two full market cycles have passed（状）, because to do so would be to waste all of their previous efforts（原因状语）.
至少在经过两个大周期之前，他们是不会出售的，因为那会浪费他们之前所有的努力。
第九句
All they do is buy, so they won't know for a long time whether or not their alpha is positive or negative.
他们所要做的只有一个动作: 买。因为，无论长期还是短期，他们并不清楚他们的阿尔法究竟如何。
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