But as Morgan Stanley points out, given off-bookliabilities such as retirement, healthcare and education, the average consumer is practically in negative equity.
但正如摩根·士丹利指出的那样，假如考虑到退休、医疗和教育等账外债务，中国普通消费者实际上是负资产。
2
Buffett's preferred measure of Berkshire's performance is the growth in its book value, which is a calculation of the company's assets minus its liabilities.
巴菲特倾向于用净资产的增长率来衡量伯克希尔公司的经营业绩，净资产指用公司的资产减去公司的负债。
3
Book value, a measure of assets minus liabilities, rose to $59.94 a share at the main business, from $54.63 on March 31.