But these hedge funds, they do more than stock picking.

但是这些对冲基金， 他们做的不仅仅是选股。

I (laughter) mean, first of all, you know, we made some stock picks for the stock picking contest earlier this year that were based on our recession call.

我（笑声）的意思是，首先，你知道，我们在今年早些时候的选股竞赛中根据我们对经济衰退的预测做出了一些选股。

Active investors believe it is possible to beat the market by strategically selecting specific stocks and timing their trades, while passive investors believe it isn't usually possible to beat the market, and don't subscribe to stock picking.

主动投资者认为有可能通过战略性地选择特定股票和交易时机来战胜市场，而被动投资者认为通常不可能战胜市场，并且不赞成选股。

But nevertheless, you have always been keen to sell the benefits of stock picking to investors, even if they're only advancing a small amount of their portfolio to just get a taste of what it's like to be a shareholder.

但是，尽管如此，您一直热衷于向投资者推销选股的好处，即使他们只是提高他们投资组合的一小部分， 只是为了体验成为股东的滋味。