Paraphrasing (6th paragraph)

Text

All the hypes created a situation in which the hopes and expectations of 93 million fund investors were bound to be dashed. Trouble is, mutual-fund managers and other investment pros such as pension-fund managers judge their performance exclusively in relative terms — by measuring how well they do compared with a benchmark such as the Standard & Poor's 500-stock index. If the index is down 1 3%, as it is so far this year, they're heroes if there are only down 11%. That is phooey to most ordinary investors, who want to see their wealth expand in absolute terms and not simply to get poorer slower than their neighbors. Even in this year's stock-pickers' market, more than half the managers are failing to beat their bogies.

The main idea of the paragraph

The trouble with the fund market is the gap between the mutual-fund managers and other investment pros, who judge their performance exclusively in relative terms and most ordinary investors, who want their wealth to expand in absolute terms.

基金市场的问题是,一方面共同基金经理和其他如养老金基金经理那样的投资专家衡量业绩时无一例外地使用相对的概念,另一方面大多数普通投资者希望他们的财富按绝对值增长,双方的理念有差距。

句子分析

1Trouble is, mutual-fund mangers and other investment pros such as pension-fund managers judge their performance exclusively in relative terms – by measuring how well they do compared with a benchmark such as the Standard & Poor’s 500-stock index.

此句中:

  1)Trouble is是主句

  2)mutual-fund mangers and other investment pros such as pension-fund managers judge their performance exclusively in relative terms是表语从句

  3)介词短语by measuring how well they do compared with a benchmark such as the Standard & Poor’s 500-stock index作状语,说明谓语动词judge的方式,其中的how well they do compared with a benchmark such as the Standard & Poor’s 500-stock index是宾语从句,作measuring 的宾语

2If the index is down 13%, as it is so far this year, they’re heroes if they are only down 11%.

此句中:

  1)they’re heroes是主句

  2)If the index is down 13%, as it is so far this year是条件状语从句,其中的as it is so far this year是个方式状语从句

  3)if they are only down 11%是另一个条件状语从句

3That is phooey to most ordinary investors, who want to see their wealth expand in absolute terms and not simply to get poorer slower than their neighbors.

此句中:

  1)That is phooey to most ordinary investors是主句

  2)who want to see their wealth expand in absolute terms and not simply to get poorer slower than their neighbors是个非限制性定语从句,修饰名词investors,其中:

  I. 动词不定式to see their wealth expand in absolute terms 和 not simply to get poorer slower作动词want的宾语

  II. than their neighbors (do/get poor) 是个省略了谓语动词的比较状语从句,和slower一起构成比较