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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? In our view, what makes sense in business also makes sense in stocks: An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

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。

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。

Three rebuilt programs which are ogee weir, maze weir and board-crest weir with controlled by gates are compared in technology and economy such as water discharge, flood level, structure safe stabilization and the project investment. At last, the maze weir program is best among the three ones.

通过对WES实用堰、迷宫堰、闸控式宽顶堰三个改建方案在泄流量、洪水位、结构安全稳定性、工程投资等技术、经济比较，综合评价选出迷宫堰方案为最优方案。

The OIA Board of Directors and Nielsen have worked very hard to develop an agreement that meets the growing challenges ahead and ensures a path of long term growth not only for individual businesses, but also, for the industry as a whole.

我们双方将共同面对未来的各种挑战，确保各自及整个户外行业的长期发展，协会内的各会员也都会从与尼尔森商业传媒和户外展的合作中收益匪浅。

"The timing of this alliance is critical for the future health of the industry," commented Mike Wallenfels, president of Mountain Hardwear and chairman of the OIA Board of Directors.

对于这次合作Mountain Hardwear董事长暨美国户外产业协会理事会主席Mike Wallenfels表示：此次战略联盟的建立对美国户外产业的健康发展意义重大。

The grinding must be replaced after the grinding for repairing or fine oilstone, and wutonghe revearsing or foam board wiped the blade of the residues of fragmentizing at to prevent cutting edge at the time of injury.

2磨削完后，务必用修磨器或粗油石修磨，再用梧桐木不活或泡沫塑料不活擦去刀刃口处残留的磨屑，以防裁切时保养刃口。

Software Description: About Ye Olde Darts, Play darts on a realistic board with automatic scoring.

Ye Olde Darts 在进行现实飞镖游戏时自动的为501和301游戏方式记分。

When your board is close to the end of the jump try and ollie off the last meter or so of it.

当您的董事会已接近结束的跳转尝试和奥利从去年米左右的。

We'll never get the Board's approval on it.

我们永远得不到董事会的同意。

I'm on board with that.

我同意。

Finally, the Knight strung a line between two of the monoliths and tied the horses up there.

最后，骑士们在两颗巨石之间拉了一条绳子，将他们的座骑绑在上面。

T7zN/hyS0 The island lies south by east from here.

那个岛位于此地的正南偏东方向。