象牙塔资产经常提供得太迟了,对其预期的受众不能产生价值,或者有太多的冗余,在实践中没有用。
Ivory tower assets are often provided too late to be of value to their intended audience or have far too much baggage to be of use in practice.
通常我们认为当对资产的未来价值的预期上升时,现价会走高,而减少资产的现时需求量。
Normally we think that when expectations about future value of an asset go up, the current price will rise, reducing the current demand for that asset.
如果你预期一项债券(有可能是受一系列抵押资产支持的债券)将出现违约,你可以购买保险,以弥补债券价值的损失。
If there is a bond that you expect to go into default (it might be a bond backed by a collection of mortgages), you can buy insurance against the resulting loss in the bond's value.
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