再投资

The personage inside course of study is analysed, if be prepared at present,borrow housing to appear on the market, successful word may appear on the market after a year, next repass lock of 3 years two is fixed, return rate of this kind of investment is low-down.

业内人士分析，如果目前筹备借壳上市，顺利的话可能在一年后上市，然后再经过两三年的锁定期，这种投资回报率是非常低的。

If these human inputs are assisted by special quality-control instruments machines and scientific sampling proceduresso much the better.

如果这些人力的投资再加上质量控制设备和科学抽样的辅助就更好了。

If you ask Brown to put some more cash into his stock account, I guess he will think twice.

你现在如果再让布朗追加股票投资，他肯定会犹豫不决的。

The effect of inequality on investment overweighs its effect on education, so inequality has a strong indirect effect on growth instantaneously. The effect turns positive and then weakly negative.

3收入差距对于投资的影响超过了对于教育的影响，因此收入差距对于经济增长的间接影响在即期也是非常强的负，之后变为正，再逐渐下降至微弱的负影响。

Based onthe tacitness of knowledge and the nature of the enterprise as a socialcommunity, this paper indicates that the explanations of the classic theoriesdid not reflect the function that enterprises possess to transfer the tacitknowledge efficiently, the role of subsidiaries of creation of knowledge isnegl...

本文从企业的知识观出发，指出跨国公司通过对外直接投资来拓展企业边界并进行知识的内部转移，不仅可以保持企业现有知识存量的完整性，而且也为知识的再结合和创造新知识构筑了平台，从而寻求动态的竞争优势。

Bead trigonometry has an enterprise to be opposite bead three-cornered infrastructure construction is relatively satisfactory, no matter be traffic or communication, more convenient, the cost plus these two respects is low, the poineering investment of the person that do poineering work manages efficiency to appear very tall below favorable external good environment.

珠三角现有企业对珠三角的基础设施建设是较为满足的，无论是交通还是通讯，都比较便捷，再加上这两个方面的成本低，创业者的创业投资经营效率在良好的外部硬环境下就显得很高。

Preface bead triangle has an enterprise to be opposite bead three-cornered infrastructure construction is relatively satisfactory, no matter be traffic or communication, more convenient, the cost plus these two respects is low, the poineering investment of the person that do poineering work manages efficiency to appear very tall below favorable external good environment.

题记珠三角现有企业对珠三角的基础设施建设是较为满足的，无论是交通还是通讯，都比较便捷，再加上这两个方面的成本低，创业者的创业投资经营效率在良好的外部硬环境下就显得很高。

For Berkshire's shareholders, myself included, the cost of this thumb-sucking has been huge. o Our consistently-conservative financial policies may appear to have been a mistake, but in my view were not. In retrospect, it is clear that significantly higher, though still conventional, leverage ratios at Berkshire would have produced considerably better returns on equity than the 23.8% we have actually averaged. Even in 1965, perhaps we could have judged there to be a 99% probability that higher leverage would lead to nothing but good. Correspondingly, we might have seen only a 1% chance that some shock factor, external or internal, would cause a conventional debt ratio to produce a result falling somewhere between temporary anguish and default.

另外我们一贯保守财务政策可能也是一种错误，不过就我个人的看法却不认为如此，回想起来，很明显的我们只要能够再多用一点财务杠杆操作(虽然较之他人还是很保守)，就可以得到远比现在每年平均 23.8%还要高的投资报酬率，即使是在 1965 年我们也可以百分之九十九地确定高一点的财务杠杆绝对只有好处没有坏处，但同时我们可能也会有百分之一的机会，不管是从内部或是外部所引发令人异想不到的因素，使得我们负债比率提高到介于一时冲高到负债倒闭之间。

When combined with venture capital, it supports unanticipated recombinations of technologies and skill.

和风险投资相比，这种行为意外的加强了技术和技能的再融合。

The Cystic Fibrosis Foundation is among the most aggressive nonprofits in funding research and endowing primarily biotech companies that are engaged in cutting-research in as-yet uncured indications. The CFF states it has given more than $300 million for research to for-profit drug companies over the past 10 years. In April 2008, the CFF announced that it would give as much as $37.7 million to Epix Pharmaceuticals Inc., in addition to about $12 million it has already received.

许多非营利组织表现活跃，资助那些主要从事至今尚不能治愈疾病的前沿研究的生物技术公司，囊性纤维化病基金会就是其中之一，该基金会宣称在过去十年已投资超过3亿美元给营利性公司从事研究。2008年4月，CFF宣布在捐助1200万美元给Epix制药公司后，再追加3770万美元。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。