And, you know, the way I explain it to my students is, you know, the stock market is really capturing current value and future value.

我向我的学生解释说，股市在捕捉当前价值和未来价值。

This compares the pot of investments it currently holds against the expected future value of the promises it has made to those paying in.

这将它目前持有的投资量与它对支付者做出的承诺的预期未来价值进行了比较。