Back in 2001, along with most investors, the agencies were slow to catch on to the fact that energy giant Enron was hiding massive liabilities off of its balance sheet.

回溯至2001年，评级机构同大多数投资者一样没能及时发现能源巨头安然在其资产负债表中隐瞒大笔负债的事实。

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The right kind of founder is one whose focus, energy, and motivation will remain productive and positive despite a suddenly improved personal balance sheet.

恰当的创始人指那些虽然个人财务状况得到改善，但依旧保持其注意力、精力在公司上，且依旧充满动力。

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Unlike the off-balance-sheet cesspools that hid losses at Enron, these energy partnerships are publicly traded, many on the New York Stock Exchange, and offer a respectable amount of liquidity and transparency.

FORBES: Pipeline for Profits