The second conclusion is that the gross gains – fees, trading profits, and capital gains to the winners (perhaps $800 billion from this year’s M&amp;A’s) – greatly exceed the perhaps $170 billion in net gains. Governments have a very important educational, admonitory, and regulatory role to play: people should know the risks and probabilities, for they may wind up among losers of the other $630 billion.
第二个结论是毛收益—付给赢家的费用、交易盈利和资本收益（可能是今年并购总值中的8000亿美元）&#45;&#45;大大超过1700美元的可能净收益。各国政府要发挥非常重要的教育、劝告和监管的作用：人们应该了解风险和概率，因为他们可能成为为那6300亿美元买单的失败者。但到目前为止似乎还很少有人明白这个道理。