Trading desks would estimate the maximum possible loss on risky assets, hedge it and then record the net risk as minimal, inadvertently concealing huge tail risks in the gross exposure.
交易部门对风险资产的最大可能损失做了估计,对之进行对冲,然后将如此计算的最小风险净值记录在案,如此这般,却将风险毛值里的巨大的长尾风险疏忽性地掩盖起来。
The percentage of Gross National Product spent on education is reasonably similar in the two countries, so how is this higher and more consistent attainment in maths achieved?
两国的教育经费占国民生产总值的比例相当接近,那么,这种更高、更稳定的数学成绩是如何实现的呢?
The company only dismisses its employees in cases of gross misconduct.
这家公司只有在雇员严重渎职时才予以解聘。
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