For many in Asia gold has long held not something like gambling - a special place as an investment, often as jewelry - glittering gold chains, bangles,and bracelets.

VOA: standard.2010.07.21

Because of the way that we deal with taxes and mutual funds, you can get a tax bill for gains that were realized by the investment manager turning over the portfolio even though you might not have held the shares during the period when the gains were realized.

因为共同基金的收益还涉及到缴税的问题,所以你会有张税单,上面写着基金的收益部分该缴多少税,即使在实现收益的期间,你并不持有基金股份,但还是要缴税

耶鲁公开课 - 金融市场课程节选

There is a good chance that the deductions attributable to unproductive land held for investment will be of little or no current benefit.

FORBES: Electing To Capitalize Expenses Can Pay Off On Sale

But in the process of buying the loans and packaging them up, investment banks retain some risk of loss, including accounting items like loans held for sale, loans held for investment, retained interests in the securitizations themselves, and so-called warehouse loans that keep the origination engines at the small mortgage lenders humming.

FORBES: Magazine Article

That compares with 23 times earnings for other publicly held investment managers, and 25 times for the entire market (see table below).

FORBES: The unloved fund company