It would be foolish for a manager to make a three-year loan when his own investors could cut and run within a year; the mismatch of assets and liabilities could be ruinous.

• 作为一个管理者来说向一个可能在一年内中断偿还甚至逃债的贷款者提供为期三年的借贷是很愚蠢的；资产与债务的失谐将是破坏性的。