有资本

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。

This means that China will inevitably allow the yuan to appreciate further in 2007 (though not as sharply as worriers in Washington, DC, would like), while also further relaxing capital controls, to keep the growth of money supply at least partly in check.

这意味着中国会无法避免地在2007年继续让人民币升值（尽管不会有美国预料的那么快）。同时中国也会适当放松对资本的控制，以使货币供应的增长至少部分地得到控制。

For no-par stock with a stated value, an appropriate title-for example, paid-in capital in excess of stated value- describes the difference.

对无面值但有设定价值的股票来说，则要用诸如&超过设定价值的缴入资本&等相应的名称来表述。

One day, his capital to the two swindlers claiming to be woven work that can be woven out of the world's most beautiful cloth.

有一天，他的资本，这两个骗子自称是编织的工作，可编织出世界上最美丽的布。

The wealthy people in our study certainly have the funds to be crazy spenders, but most are not.

我们做的研究中富有的人当然有疯狂购物，血拼的资本，然而大多数富人并不是这样大肆挥霍的。

The cause affecting foreign direct investment withdrawals has mainly: World economy environment change , our country development of the economy change , foreign merchant capital selfs problem , product limitation etc.

影响外商直接投资撤退的原因主要有：世界经济环境的变化、我国经济的发展变化、外商资本自身的问题、产品的局限性等。

The Song Dynasty that reunified China in 982 also had its capital at Kaifeng.

宋代是我国统一的982也有其资本在开封。

To function properly and to command the confidence of investors and fund raisers, they need to have adequate capital and liquidity.

在实际运作上，为要取得投资者及集资者的信任，它们需要有充足的资本及流动资金。

Now, suddenly, it has become very important to all preparers of financial statements, as entities no longer have a choice regarding the capitalisation of borrowing costs.

现在，突然间，它已经变得非常重要，所有财务报表编制者，作为实体不再是有选择的关于借款费用的资本化。

One of these is in the TIC data, which have shown net capital outflows in five of the past six months.

其中之一是TIC数据显示，在过去六个月中有五个月美国出现了资本净流出。

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。