投资收益，包括实现收益和未实现收益(或损失，如2008年)。
Investment income, which includes both realized and unrealized gains (or losses, such as in 2008).
只要一个未实现收益的基金报告，它就可以用虚高的利润而轻易得逞。
Since a fund reports unrealized gains, it could easily get away with inflating profits.
即使较准确预估未实现收益的基金，在短期内都有类似于庞氏骗局犯罪嫌疑。
Yet even funds with fairly accurate estimates of unrealized gains are guilty of engaging in similar Ponzi practices in the short term. Here's why.
即使较准确预估未实现收益的基金，在短期内都有类似于庞氏骗局犯罪嫌疑。
Yet even funds with fairly accurate estimates of unrealized gains are guilty of engaging in similar Ponzi practices in the short term.
例如，基金通过不断买入资产，并报告说会有一个巨大的未实现收益，由此控制住该基金。
For example, a fund might corner some asset by buying and buying and buying and then reporting a huge unrealized gain.
在苹果和微软都曾经工作过的一位主管这样描述它们之间的差异：“微软老是尝试寻找未实现收益的口袋，然后盘算如何去赚钱。”
An executive who worked at both Apple and Microsoft described the differences this way: "Microsoft tries to find pockets of unrealized revenue and then figures out what to make."
如果真的认为净利润很重要，我们可以简单地定期将已实现收益转为利润，因为我们拥有大量的未实现收益可以拿出来。
If we really thought net income important, we could regularly feed realized gains into it simply because we have a huge amount of unrealized gains upon which to draw.
繁华的差别是实现的收益和未实现的收益之不同。
At the heart of the difference is the distinction between realized and unrealized gains.
繁华的差别是实现的收益和未实现的收益之不同。
At the heart of the difference is the distinction between realized and unrealized gains.
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