He rewarded them well for outperformance and fired them when they failed.

他们如果业绩出色将被予于重酬，否则将惨遭开除。

This comparison doesn't guarantee the outperformance of the U.S. market in the short term.

这个对比并不保证美国市场短期的优胜。

But what about the nine months or so (and maybe longer) until that certainty and outperformance arrive?

但是，这个必然、这个跑赢到来之前的九个多月(或者更久)里会怎样呢？

In short, we think that the theme of em growth outperformance has staying power and has even been bolstered by the crisis.

简言之，我们认为，新兴市场相对于发达经济体的经济增速优势不但将持续下去，甚至还得益于本次经济危机。

Such results amply justify Goldman shares' strong outperformance of the rest of the financial sector over the period of the crisis.

这些业绩充分证实高盛股票在危机期间的表现远远胜于其它金融机构。

Outperformance came only in the decade just gone, with emerging markets almost quadrupling investors' capital since the end of 2000.

过去的十年间转变才来临，自2000年起新兴市场将投资者的资本翻了2番。

According to Credit Suisse there was a brief period of outperformance in the protected shares as short-sellers reduced their positions.

瑞士信贷银行称，当卖空一方降低自己地位，受保护的股票将在短时间内表现突出。

The conclusion reached by the papers I've read is that the risk-adjusted outperformance more than makes up for the additional downside risk.

我读过的这些文件的结论是，这类经风险调整得来的跑赢与其说是修整不如说是进一步的下跌风险。

In part, because investors have learned to distinguish between the market return, dubbed beta, and managers' outperformance, known as alpha.

部分原因是因为投资者们开始学会在市场收益率，复制beta, alpha即经理人的突出表现之间进行分辨。

More broadly, Asian Banks are beginning to show sustained outperformance relative to the most developed markets, and even compared with other emerging markets.

从广义上来看，亚洲的银行与大部分发达市场相比，开始表现出持续的业绩增长，甚至与其他新兴市场相比。

The most negatively portrayed companies managed to beat the market by an average of 12.4%, whereas the outperformance of the media darlings fell to just 4.2%.

最受消极反对的公司以平均12.4%的份额成功地打入市场。 然而那些以前有良好表现的媒体宠儿们却跌至只有4.2%。

Turns out, researchers in the new field of behavioral finance have shown to my satisfaction that the outperformance is a result of how hard it is to go against the herd.

卒之，行为金融学这个新领域的研究人员得出了令我满意的结果：优异取决于对抗羊群的强度。

Markets do throw up occasional anomalies-for instance, the outperformance of shares in January or their poor performance in the summer months-that may be too small or unreliable to exploit.

有时候市场确实会发生一些异常情况——比如，一月份有突出表现的股票或者是夏天的几个月里表现很差的股票——这些异常可能太小或不太可靠而不能利用。

The outperformance is probably down to the “value” bias of the fundamental approach—buying stocks (or bonds) that look cheap on traditional valuation criteria and underweighting the most expensive.

超过的部分可能低于基本手段的价值偏见——购买的股票（或是债权）看起来低于用传统价值标准衡量的结果并且低于最贵的。