Scour the bourses of the world and you will not struggle to find lots of cheap industrial stocks.

在世界各地的交易所里搜寻，不难找到大量廉价的工业股票。

There is no law that says cheap stock cannot stay cheap for a long time, or become even cheaper.

没有法律规定低价股票不能长时间保持低价或者变得更加低廉。

A lot of stockpicking Americans stay away altogether. The cheap stocks look hopeless; the dear stocks look expensive.

很多选股的美国人两种都不买。便宜的股票看起来没啥希望，高价股票由太贵了。

These days the cheap stocks are in industries, such as carmaking and branch-based banking, that are ripe for disruption.

如今，廉价股票出现在汽车制造和分支银行等行业，这些行业面临解体的时机已经成熟。

I agree with you on the valuation and if you look for a cheap stock, of course, Nvidia is not that.

我同意你的估值， 如果你寻找便宜的股票， 当然，英伟达不是那样。

In traditional or active investing, managers will buy cheap stocks to raise their price and then sell them off when they're worth more, then they'll reinvest the money they've made.

在传统或主动投资中，经理人会买入便宜的股票以提高其价格，然后在其价值更高的时候将其卖出，然后他们会将赚到的钱重新投资。