With such a foggy outlook, it is only natural that markets value many investment Banks at or below book value.

在这样一个不明朗的前景下，市场将许多投行估值于账面价值甚至更低就在意料之中了。

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From my investment banking years, I knew how to integrate new businesses to create value, and I knew how to work with bankers on transactions.

在投行工作期间，我学会了如何整合新的业务以创造价值，懂得该怎么和参与交易的投行人士共事。

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And the efficiency with which they do so is directly proportional to the value the investment contributes to the overall project portfolio.

并且他们的效率同对整个项目的贡献成正比。

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Their metrics show Coach with superior quality and investment value.

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What this means is that investors stand the best chance of participating in this renewed merger and acquisition cycle by investing in small to midsize companies, or micro, small-cap and mid-cap mutual funds run by investment managers with a value approach.

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Among the risks is that a currency will slide, taking with it the value of your investment, or even political unrest.

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