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Interestingly, corporate managers have no trouble understanding that point when they are focusing on a business they operate: A parent company that owns a subsidiary with superb long-term economics is not likely to sell that entity regardless of price."Why," the CEO would ask,"should I part with my crown jewel?" Yet that same CEO, when it comes to running his personal investment portfolio, will offhandedly - and even impetuously - move from business to business when presented with no more than superficial arguments by his broker for doing so. The worst of these is perhaps,"You can't go broke taking a profit." Can you imagine a CEO using this line to urge his board to sell a star subsidiary?

Nor was the party over in 1938 for an investor: Though the $40 invested in 1919 in one share had turned into $3,277 by the end of 1938, a fresh $40 then invested in Coca-Cola 16 有趣的是企业经理人在认定何者才是自己本业时,从来就不会搞不清楚情况,母公司是不会单纯因为价格因素就将自己旗下最优秀的子公司给卖掉,公司总裁一定会问,为什么要把我皇冠上的珠宝给变卖掉,不过当场景转换到其个人的投资组合时,他却又会毫不犹豫地,甚至是情急地从这家公司换到另一家公司,靠的不过是股票经纪人肤浅的几句话语,其中最烂的一句当属,你不会因为获利而破产,你能想象要是一家公司的总裁用类似的方式建议董事会将最有潜力的子公司给卖掉时,就我个人的观点,适用于企业经营的原则也同样适用于股票投资,投资人在持有一家公司的股票所展现的韧性应当与一家公司的老板持有公司全部的股权一样。

Regarding the Chinese revolution as a "permanent revolution" and the revolutionary situation in China as a "permanent upsurge", the putschist comrades refused to organize an orderly retreat and, adopting the methods of commandism and relying only on a small number of Party members and a small section of the masses, erroneously attempted to stage a series of local uprisings throughout the country, which had no prospect of success.

2〕一九二七年革命失败后的短期间,在共产党内曾经出现一种"左"倾盲动主义倾向,认为中国革命的性质是所谓"不断革命",中国革命的形势是所谓"不断高涨",因而不肯去组织有秩序的退却,错误地使用命令主义的方法,企图依靠少数党员和少数群众在全国组织毫无胜利希望的许多的地方起义。

Neither the waiver by a party hereto of a breach of, or a defaultunder, any of the provisions of this Contract, nor the failure of a partyon one or more occasions, to enforce any of the provisions of thisbe construed as a waiver of any subsequent breach or default, or as awaiver of any of such provisions, rights or privileges hereunder.

本合同一方免予追究对本合同任何条款的违反或不履行、或一方一次或多次未执行本合同的任何条款或行使本合同项下的任何权利或特权,均不得被解释为对任何随后的违反或不履行不予追究、或对本合同项下任何该等条款、权利或特权的放弃。

A 43-year-old jobless woman, who never dreamed of becoming a lawmaker, was elected to Japan's House of Representatives, local media reported. A Democratic Party of Japan upper house lawmaker presciently asked Kayoko Isogai, who has held mostly non-regular jobs since finishing university, to run as a candidate at the bottom of a local ballot and she got the nod from voters.

日本媒体日前披露,不久前当选国会议员的矶谷香代子是个普通的钟点工,大学毕业以后一直没有固定工作,更毫无当选的思想准备。43岁的她此前被一位民主党参议员推荐参加竞选,排在名古屋东海地区候选人中的最末位。

Www.buffettism.com 巴菲特研究中心 Research Centre for Buffettism avoiding dumb decisions, rather than by making brilliant ones. Since September 11th, Ajit has been particularly busy. Among the policies we have written and retained entirely for our own account are (1)$578 million of property coverage for a South American refinery once a loss there exceeds $1 billion;(2)$1 billion of non-cancelable third-party liability coverage for losses arising from acts of terrorism at several large international airlines;(3)£ 500 million of property coverage on a large North Sea oil platform, covering losses from terrorism and sabotage, above £600 million that the insured retained or reinsured elsewhere; and (4) significant coverage on the Sears Tower, including losses caused by terrorism, above a $500 million threshold. We have written many other jumbo risks as well, such as protection for the World Cup Soccer Tournament and the 2002 Winter Olympics. In all cases, however, we have attempted to avoid writing groups of policies from which losses might seriously aggregate.

In assessing the soundness of their reinsurance protection, insurers must therefore apply a stress test to all participants in the chain, and must contemplate a catastrophe 17 自从 911 事件发生之后,Ajit 就变得异常忙碌,在我们承接且全部自留在公司帐上的保单,主要有(1)南美洲炼油厂损失超过 10 亿美元以上的 5.78 亿美元意外险(2)数家国际航空公司 10 亿美元恐怖份子攻击事件不得撤销第三责任险(3)北海原油平台 5 亿英镑恐怖份子攻击及恶意破坏的产物意外险,以及超过 6 亿英镑以上业者自留或再保损失(4)芝加哥 Sears 大楼恐怖份子攻击事件超过 5 亿美元以上的损失等;此外我们也接了许多项超大型的意外险,例如世界杯足球赛以及 2002 年冬季奥运等,但不论是那一件个案,我们都尽量避免会发生连锁反应大量累积损失的保单,比如说,我们不会一口气接下位于同一个大都会的办公及住宅大楼大量的意外险,除非排除核子爆炸及后续可能引发的火灾损失。

The modular design of printNet system is divided into several application part, such as data processing tools, design tools, products, Business card printing tools, and solutions to technical tools, of which the highest is a design tool over the actions that it printLayout from page formatting and setting variables, but also can be used by an operator in a transform tool programming, so that the contents of the variables in a database in output for operations, now produetion of mostly to one-dimensional bar codes and encrypted bit or anti-false, the party is a method in the bar code by addition, subtraction, multiplication, Division, opinins Mo, and so after the results or the results of data, or the result is converted to the data that corresponds to a location in one of the ntehs detection accuracy is valid, just make a bit of the inverse operation, the operation that results in comparison with the original data, such as the same as the data is valid, such as different then the data is not valid, this scenario is the most simple and most primitive anti-counterfeit. PrintNet software to complex product environment " interpuntion and output the integration of integrated management " solution possible.

printNet系统的模块式设计分为几个应用部分,如数据处理工具、设计工具、产品制卡工具以及方案解决工具,其中技术含量最高的是对设计工具printLayout的操作,它除了设计页面格式和设置变量外,还可由操作员在转换工具中编程,以便对数据库中的变量内容在输出时进行运算操作,现在生产中应用的大多是给一维条码加校验位或是防伪加密,其方一法是将条码中的数据经过加、减、乘、除、取莫等运算后,将结果或将结果中的几位至于数据后,或将结果转换成对应符号放在数据中的某个位置,如须检测某一数据是否准确有效,只要把校验位上的数进行逆运算,把运算结果与原数据比较,如相同则数据有效,如不同则数据无效,这种方案是最简单最原始的防伪加密的方法。printNet软件系统使得在复杂产品环境下的&排版与输出一体管理&的集成解决方案成为可能。

If a party disagrees with this handling decision, it may bring a suit before a people's court within 15 days from the day of receiving the notification of handlings according to the Administrative Procedure Law of the People's Republic of China; if, at the expiration of such a period, the infringer has neither brought a lawsuit nor performed the decision after the period expires, the administrative department may apply to the people's court for compulsory enforcement of its order.

当事人对处理决定不服的,可以自收到处理通知之日起十五日内依照《中华人民共和国行政诉讼法》向人民法院起诉;侵权人期满不起诉又不履行的,工商行政管理部门可以申请人民法院强制执行。进行处理的工商行政管理部门根据当事人的请求,可以就侵犯商标专用权的赔偿数额进行调解;调解不成的,当事人可以依照《中华人民共和国民事诉讼法》向人民法院起诉。

Of the two great political parties which have divided the opinions and feelings of our country, the candid and the just will now admit that both have contributed splendid talents, spotless integrity, ardent patriotism, and disinterested sacrifices to the formation and administration of this Government, and that both have required a liberal indulgence for a portion of human infirmity and error. The revolutionary wars of Europe, commencing precisely at the moment when the Government of the United States first went into operation under this Constitution, excited a collision of sentiments and of sympathies which kindled all the passions and imbittered the conflict of parties till the nation was involved in war and the Union was shaken to its center. This time of trial embraced a period of five and twenty years, during which the policy of the Union in its relations with Europe constituted the principal basis of our political divisions and the most arduous part of the action of our Federal Government. With the catastrophe in which the wars of the French Revolution terminated, and our own subsequent peace with Great Britain, this baneful weed of party strife was uprooted.

至于导致我国在观点和情感上出现分歧的两大政党,率直公正的人现在都会承认,两党均为联邦政府的创建和运作贡献了杰出的才智、无暇地正直和热忱的爱国精神,并作出了无私的牺牲,当然两党都难免犯有人类的一部分毛病和错误,这也不足为怪,就在美国政府刚开始根据宪法运转之时,欧洲爆发了革命战争,由此激起国人互相对立的情绪和同情,导致全国群情激荡,党派冲突进而加剧,我国最终卷入了一场战争,联盟的支柱因而受到动摇,这一考验历时二十五年,在此期间,美国处理与欧洲关系的政策构成我们政治分歧的主要根源,也是联邦政府最为棘手的事情,随着法国革命战争在灾难中告终,我们随之幼鱼英国恢复和平,于是党派倾轧的这一毒草遂被连根拔除。

Should quoting errors occur, which may include, but are not limited to, a mistype of a quote by CMS, a quote which is not representative of fair market prices, an erroneous price quote from a CMS employee, such as but not limited to a wrong big figure quote or an erroneous quote due to failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third-party vendors, CMS will not be liable for the resulting errors in account balances.

引用错误。发生引用错误,其中可能包括,但不仅限于,一个错误的报价由CMS ,报价是不是代表公正的市场价格,一个错误的报价从CMS雇员,例如但不限于错误的大数字报价或一个错误的报价,由于失败的硬件,软件或通讯线路或系统和/或不准确的外部数据资讯提供的第三方供应商,合作不承担由此产生的错误,账户余额。

Should quoting errors occur, which may include, but are not limited to, a mistype of a quote by CMS, a quote which is not representative of fair market prices, an erroneous price quote from a CMS employee, such as but not limited to a wrong big figure quote or an erroneous quote due to failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third-party vendors, CMS will not be liable for the resulting errors in account balances.

报价错误:如果出现报价错误,这些错误包括但不限于:由于CMS打字错误而产生的报价错误,不代表公平市场价的报价,CMS员工的错误报价,例如但不限于,错误的大数字报价或由于硬件、软件、通信线路或系统之故障产生的错误报告,以及第三方供应商提供的外部数据,CMS不应为由此而在帐户余额上产生的错误而承担责任。

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推荐网络例句

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊!不用提了。提到肉,真是糟透了。

Tristan, I have nowhere to send this letter and no reason to believe you wish to receive it.

Tristan ,我不知道把这信寄到哪里,也不知道你是否想收到它。