看出

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.

各位可以从下表看出我们是如何计算透视盈余的，不过我还是要提醒各位这些数字有点粗糙，(被投资公司所分配的股利收入已经包含在保险事业的净投资收益项下)。

The following table sets forth our 2000 look-through earnings, though I warn you that the figures can be no more than approximate, since they are based on a number of judgment calls. The dividends paid to us by these investees have been included in the operating earnings itemized on page 15, mostly under Insurance Group: Net Investment Income.

第 42 页共 56 页 www.buffettism.com 巴菲特研究中心 Research Centre for Buffettism 各位可以从下表看出我们是如何计算出 2000 年透视盈余的，不过我还是要提醒各位这些数字只不过是估计数，很多都是基于简单的判断，(被投资公司所分配的股利收入已经列在 15 页的营业利益之内，大部分包含在保险事业的净投资收益项下)。

I perceive that people in these regions acquire over people in towns the value that the spider in a dungeon does over a spider in a cottage, to their various occupants; and yet the deepened attraction is not entirely owing to the situation of the looker-on.

我看出来这一带的人，对于城里的那些形形色色的居民来说，就好比地窖里的蜘蛛见着茅舍里的蜘蛛，得益不少。这并不完全我是个旁观者，才得出这种日益深刻的印象。

For communications and medical services, the relevant demand elasticity of the group with low income is relatively low, but the demand elasticity of middle income group is higher than the group with high income.

对于交通通讯类、医疗保谜类商品而言，低收入群体的相关需求弹性较低，而中等收入群体的需求弹表现出高于高收入群体的趋势，由此可以看出，尽管出于满足最低生活需求和提高生活质量的不同需要，但相关税负归宿主要由低收入群体和高收入群体共同承担。

Q: The players can clearly see the value of lower concentration of reason?

问：玩家可以清晰的看出集中值降低的原因吗？

In presence of non- cancer suspicious patients, serum MMP-2 activity in chronic hepatitis is contrary to decrease at lowest among them. The level of MMP-9 similarly low compare with normal control. Therefore found out that the process from chronic hepatitis to hepatoma, a variation of MMP-2 is earlier to decrease and then to rise. Although there is no great variation but lower in MMP-9 compare to normal control.

肝癌病人的血清中MMP-9及MMP-2两者的变化与正常人相比差距最易观察，当比较所有非癌症病人血清时，慢性肝炎病人血清MMP-2活性表现相反的下降，而且是其中最低的，因此可以看出由慢性肝炎到肝癌的过程MMP-2的变化是先下降再升高，MMP-9虽然没有大变化，相较於正常人却都偏低。

Little by little, when his astonishment had passed off, he grew accustomed to this radiance, he contemplated these deeds without dizziness, he examined these personages without terror; the Revolution and the Empire presented themselves luminously, in perspective, before his mind's eye; he beheld each of these groups of events and of men summed up in two tremendous facts: the Republic in the sovereignty of civil right restored to the masses, the Empire in the sovereignty of the French idea imposed on Europe; he beheld the grand figure of the people emerge from the Revolution, and the grand figure of France spring forth from the Empire.

渐渐地，惊恐的心情过去了，他已习惯于光辉的照耀，他已能注视那些动态而不感到晕眩，能细察那些人物也不觉得恐惧了，革命和帝国都在他的犀利目光前面辉煌灿烂地罗列着，他看出那两个阶段中每件大事和每个人都可概括为两种无比伟大的行动，共和国的伟大在于使交还给民众的民权获得最高的地位，帝国的伟大在于使强加给欧洲的法兰西思想获得最高的地位，他看见从革命中出现了人民的伟大面貌，从帝国中出现了法兰西的伟大面貌。他从心坎里承认那一切都是好的。

Little by little, when his astonishment had passed off, he GRE w accustomed to this radiance, he contemplated these deeds without dizziness, he examined these personages without terror; the Revolution and the Empire presented themselves luminously, in perspective, before his mind's eye; he beheld each of these groups of events and of men summed up in two tremendous facts: the Republic in the sovereignty of civil right restored to the masses, the Empire in the sovereignty of the French idea imposed on Europe; he beheld the grand figure of the people emerge from the Revolution, and the grand figure of France spring forth from the Empire.

渐渐地，惊恐的心情过去了，他已习惯于光辉的照耀，他已能注视那些动态而不感到晕眩，能细察那些人物也不觉得恐惧了，革命和帝国都在他的犀利目光前面辉煌灿烂地罗列着，他看出那两个阶段中每件大事和每个人都可概括为两种无比伟大的行动，共和国的伟大在于使交还给民众的民权获得最高的地位，帝国的伟大在于使强加给欧洲的法兰西思想获得最高的地位，他看见从革命中出现了人民的伟大面貌，从帝国中出现了法兰西的伟大面貌。他从心坎里承认那一切都是好的。

Their philosophical differences can be seen in the fact that Richard Nixon was born into the group, while Staughton Lynd joined because of their teachings.

及其哲学的差异中可以看出一个事实，即尼克松出生到组，而斯托顿林德加入，因为他们的教义。

It can be seen, Mach number should be as large as possible, or make as small as possible.

从这里可以看出，平衡阀马赫数应尽可能大，或者使尽可能小。

I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""

客人们在卡罗利娜·埃凯家里，举止就文雅一些，因为卡罗利娜的母亲治家很严厉。

Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.

由著名品牌 Herm è s 设计，这件高贵的制服是香港本土制造，是我们第一套不配帽子的制服。