第三十二条企业应当建立各项资产损失或者减值准备管理制度。
Article 32 an enterprise shall set up a reserve management system for asset loss or depreciation.
第41条各项资产应以取得、制造或建造时之实际成本为入帐基础。
Article 41 all assets shall be recorded on the basis of the actual cost of acquisition, manufacturing, or construction.
各项资产损失或者减值准备的计提标准,一经选用,不得随意变更。
The standards for preparing the asset loss or depreciation reserve, once determined, may not be altered at discretion.
Now, I want to talk about forming a portfolio where the assets are not independent of each other, but are correlated with each other.
现在我要建立这样的一个投资组合,在这个组合里各项资产并不是相互独立的,而是相互关联的。
The underlying estimates may not accord with your belief or your intuitive sense of common sense.
各项资产有关估算结果可能与你的预想,或直觉不相符合
From then on,if you accept the analysis and the assumptions or the estimates that underlie it, then we pretty much know how to construct portfolios.
如果你们理解了整个分析过程,假设前提以及各项资产的有关估算,就能知道该怎样建立一个投资组合
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