Perhaps with good reason. Market bottoms have already been incorrectly called several times, and there is massive uncertainty over the real value of Lehman's exposure to illiquid securities.

但是如果有很好理性的话就该知道：所谓市场底部的判断已经出错过多次，而且莱曼揭露的非流动性的证券的实际值还有非常大的不确定性。

youdao

The project lifecycle provides stakeholders with oversight, transparency, and steering mechanisms to control project funding, scope, risk exposure, value provided, and other aspects of the process.

项目生命周期向 涉众提供了监督、透明和指导机制，从而控制项目资金、范围、风险、价值以及该过程的其他方面。

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As a result, investors will end up having their biggest exposure to a company when its value has reached its peak.

因此，当一家公司的价值达到最高时，它将给投资者带来最大的风险。

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The academic research supporting small-cap value exposure is robust.

FORBES: Beat the Market with Small-Cap Value Stocks

There are broadly three issues: income, vulnerability to a rise in interest rates (which cuts the value of lower-yielding bonds) and exposure to erosion by inflation (which reduces the value of both income and capital).

ECONOMIST: Buttonwood

While acknowledging the risks, the banks defend their exposure saying they have low loan-to-value ratios.

WSJ: Australian Property, Long an Outlier, Joins Decline