查询词典 Berkshire

Organization that wishes to see boycotts of Berkshire products. The

常常是由一个希望Berkshire受到抵制的单位所策划推动，这些信件的措词往往

If I become a candidate for that message, however, our board will be doing me a favor by delivering it. Every share of Berkshire that I own is destined to go to philanthropies, and I want society to reap the maximum good from these gifts and bequests. It would be a tragedy if the philanthropic potential of my holdings was diminished because my associates shirked their responsibility to show me the door. But don't worry about this. We have an outstanding group of directors, and they will always do what's right for shareholders.

如果哪天我真的到了那样的地步，董事们一定会跟我说，而我持有的所有Berkshire股份也将全数捐给慈善基金会，我希望基金会能利用这笔捐赠增进社会最大的福只，而我想若我的董事会同侪们因为未能善尽告知要我下台的义务，(当然我希望处理方式可以婉转一点)，而使得这笔资产缩水的话，将会是令人感到相当遗憾的一件事，但对于这点我并不担心，我们有最出色的董事会成员，他们永远都会做出对股东有利的决定。

It would be beneficial to have companies like Berkshire pouring money into this field. It will be repealed someday I think.

这产业有 Berkshire 挹注资金绝对是一件正面的事，我想总有一天它会被废除。

Both insurers signed so-called cut-through endorsements with a subsidiary of Berkshire Hathaway Inc.

这两家保险公司与伯克希尔哈撒韦公司Berkshire Hathaway Inc。

Count; building arks does. I consequently let Berkshire operate with a

建方舟」，我等于是让Berkshire在相当危险的情况下经营，尤其是通用再

The answer, sadly, is that I did - but I didn't convert thought into action. I violated the Noah rule: Predicting rain doesn't count; building arks does. I consequently let Berkshire operate with a dangerous level of risk - at General Re in particular. I'm sorry to say that much risk for which we haven't been compensated remains on our books, but it is running off by the day.

我的回 答是，我确实有想到这点，但可惜的是我并未将想法化为举体的行动，关于这点我严重违反了诺亚的原则，「能够准确预测下雨不厉害，重要的是要去建方舟」，我等于是让 Berkshire 在相当危险的情况下经营，尤其是通用再保，而且我必须承认，截至目前我们还在免费为大家承担无可预测的风险，所幸这种情况已随着时间慢慢减少。

Why, you might ask, didn't I recognize the above facts before September 11th? The answer, sadly, is that I did - but I didn't convert thought into action. I violated the Noah rule: Predicting rain doesn't count; building arks does. I consequently let Berkshire operate with a dangerous level of risk - at General Re in particular. I'm sorry to say that much risk for which we haven't been compensated remains on our books, but it is running off by the day.

我的 回答是，我确实有想到这点，但可惜的是我并未将想法化为举体的行动，关于这点我严重违反了诺亚的原则，「能够准确预测下雨不厉害，重要的是要去建方舟」，我等于是让 Berkshire 在相当危险的情况下经营，尤其是通用再保，而且我必须承认，截至目前我们还在免费为大家承担无可预测的风险，所幸这种情况已随着时间慢慢减少。

Shortly after yearend, Berkshire sold two issues of debentures, totaling $250 million.

在年度结束后不久，Berkshire发行了两期的债券，总共的金额是2.5亿美元

Over the years, we've been Woody-like in our thinking, attempting to increase our marketable investments in wonderful businesses, while simultaneously trying to buy similar businesses in their entirety. The following table illustrates our progress on both fronts. In the tabulation, we show the marketable securities owned per share of Berkshire at ten-year intervals. A second column lists our per-share operating earnings (before taxes and purchase-price adjustments but after interest and corporate overhead) from all other activities. In other words, the second column shows what we earned excluding the dividends, interest and capital gains that we realized from investments. Purchase-price accounting adjustments are ignored for reasons we have explained at length in previous reports and which, as an act of mercy, we won't repeat. We'll be glad to send masochists the earlier explanations, however.

多年来，我们的看法一直与伍迪一致，在努力增加我们非凡企业的投资部位的同时，也试着买下一些同样优秀企业的全部所有权，下表充分显示了我们在这两方面的进展，表中列示出在十年间Berkshire每股所拥有的股票价值以及每股在扣除利息与营业费用之后来自其它活动的营业利益(但未扣除所得税与购买法会计调整数)，换言之，后者所代表的是在扣除我们从股票投资所得的股利、利息收入与资本利得之后的盈余收益，至于购买法会计调整数不列入的原因，在以前的年报中，我们已经花了相当的篇幅解释过了，在这个地方我们就不再重复了，当然如果你有被虐待的倾向的话，我们也不介意再复述一次。

In 2003, Berkshire did $2 billion of such borrowing and re-lending, with Clayton using much of this money to fund several large purchases of portfolios from lenders exiting the business. A portion of our loans to Clayton also provided "catch-up" funding for paper it had generated earlier in the year from its own operation and had found difficult to securitize.

2003年，Berkshire以这样的方式借了20亿美元，并将这笔钱转借给Clayton，Clayton则将大部分的资金从有意退出此业务的金主手中买回应收帐款，其余的资金则用来弥补年前已发行的受益凭证，但由于后续无法继续发行所产生的资金缺口。

As she looked at Warrington's manly face, and dark, melancholy eyes, she had settled in her mind that he must have been the victim of an unhappy attachment.

每逢看到沃林顿那刚毅的脸，那乌黑、忧郁的眼睛，她便会相信，他一定作过不幸的爱情的受害者。

Maybe they'll disappear into a pothole.

也许他们将在壶穴里消失