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I've told you that over time look-through earnings must increase at about 15% annually if our intrinsic business value is to grow at that rate. Indeed, since present management took over in 1965, our look-through earnings have grown at almost the identical 23% rate of gain recorded for book value.

我曾经告诉各位，长期而言，如果我们的实质价值也期望以这个幅度来成长的话，透视盈余每年也必须增加 15%，而的确过自从现有经营阶层于 1965 年接手后，公司的透视盈余几乎与帐面价值一样，以 23%的年复合成长率增加。

If our intrinsic value is to grow at our target rate of 15%, our look-through earnings, over time, must also increase at about that pace. When I first explained this concept a few years back, I told you that meeting this 15% goal would require us to generate look-through earnings of about $1.8 billion by 2000. Because we've since issued about 3% more shares, that figure has grown to $1.85 billion.

长期而言，如果我们的实质价值想要以每年15%的幅度来成长的话，那么透视盈余每年也必须增加以这个幅度来成长，几年前我第一次提到这个观念时曾表示，到公元2000年为止，Berkshire若要以15%的目标，透视盈余必须成长18亿美元以上，而由于1993年我们又发行了一些新股，所以现在的门槛提高到18.5亿美元。

What was in front of me was just a piece of land with loosely grown grass.

我满怀喜悦的心情被下车时看到的景象迷惑了。

The stakes which I had cut out of some trees that grew thereabouts, were all shot out and grown with long branches, as much as a willow - tree usually shoots the first year after lopping its head.

从附近砍下来的那些树桩都发了芽，并长出了长长的枝条，仿佛是去年被修剪过的柳树一样。

Thecircle or double hedge that I had made was not only firm andentire, but the stakes which I had cut out of some trees that grewthereabouts were all shot out and grown with long branches, as muchas a willow-tree usually shoots the first year after lopping itshead.

后来，我一直想再活捉一只雄山羊与它配对；可是想尽办法也没能抓到一只。到最后，小山羊成了老山羊，我怎么也不忍心杀它，直至它老死。现在我已在岛上生活了十一年。

The grandchild has grown up, you're still loquacious!

60岁的时候，我说我爱你，你笑着捶了我一拳：死老头子！

Age 60, I said I love you, you smiled and gave me a fist, My old man! The grandchild has grown up, you're still loquacious!

六十岁时，我对你说"我爱你"，你笑着给了我一拳"老头子，我们的孙子都已经长大了，你还这么油嘴滑舌。"

Lottie had a bank account that had never grown lean.

珞蒂有本银行存摺，只增不减的。

After his death, my mother moved back to Louisville, Kentucky, where she had grown up.

他死后我妈妈搬回了Louisville， Kentucky，她长大的地方。

There are a few grown-up jokes about culture and even the game itself hidden around Calradia, there's an obscure reference to H.P. Lovecraft buried somewhere in Khergit territory, and there's a classy tribute to my brother, who introduced me to this game in the first place, hidden high in the ranks of Nordic soldiers.

我把一些有关文化差异甚至游戏本身而编写的成人笑话藏在了卡拉迪亚大陆的各个地方，在库吉特领地范围内的某个地方藏起了一句霍华德·菲利普·洛夫克拉夫特的名言，还为我弟弟献上了一首华丽的赞美诗，因为是我弟弟把这款游戏介绍了我，这首诗就隐藏在诺德人的军衔里。

In the days of sailing vessels the crew were afraid they would be becalmed on the ocean.

在使用帆船的时代，船员们担心他们会因为无风而无法在海洋上航行。

As long as foreign donors pay the PA's salary bill, few expect a new intifada.

只要外国继续为巴权力机构的薪水买单，希望发动新暴动的人便寥寥无几。