Having cash on hand in a volatile market gives you the flexibility to purchase assets in the future at discounted prices.

在多变的市场中持有现金可以让你在市场上能灵活地以贴现价格购买未来资产。

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Their net financial assets, excluding equities, amount to 3.2 times personal disposable income, compared with a ration of only 1.9 in America and 1.1 in Germany (see left-hand chart).

除资产净值外，他们的净金融资产总计是个人可支配收入的3.2倍，相比之下，美国和德国仅为1.9和1.1倍。

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On the other hand, if you left them with all their assets but took away the brand, in five years they'd be gone altogether.

相反，假如将品牌拿走，把其他资产都留给管理人员，五年后，他们肯定早已各分道扬镳、各奔前程了。

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As I stated in The Art of Theft speech, I am not aware of any pension, not even the largest, that has adequate procedures in place to prevent and detect fraud related to all the various parties that have a hand in managing the assets.

FORBES: The Growing Scrutiny of Pensions ( August 22, 2005)

On the other hand, a secured bond is a bond in which specific assets are pledged to bondholders if the company cannot repay the obligation.

FORBES: 5 Basic Things To Know About Bonds

On the one hand, the ratio of capital to assets would be boosted very significantly in "good" RBS, because some loans and investments with very high risk weights (in the jargon) would have been detached.

BBC: Should the Treasury keep 'bad' RBS?