Investment groups that register unrealised gains as profits should do so gingerly. If they make big mark-ups when markets are roaring, it may amplify write-offs when the asset cycle turns.
将未实现收益计为利润的投资集团,应该谨慎地这么做。如果他们在市场高涨时期大幅上调资产估值,那就可能会在资产周期转向时扩大减记。
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