To have a true investment, there must be a true margin of safety.
否则,就没有真正的投资,只会“投资”。
Otherwise, there will be no real investment, but only"would-be investment.".
对SIDF的投资并不是真正的投资--而是一种捐赠。
An important characteristic of this option is that an investment into the SIDF is not truly an investment- it is a donation.
因而,简言之,为了进行真正的投资,必须有一个真正的安全边际。
Thus, in sum, we say that to have a true investment there must be present a true margin of safety.
所有真正的投资必须基于一种对价格与价值之间关系的评价。
All true investing must be based on an assessment of the relationship between price and value.
在奢华的holland&sherry定制服装是真正的投资,总是有穿着的乐趣。
A bespoke tailored garment in luxury Holland& Sherry cloth is truly an investment, and always a pleasure to wear.
辩论将讨论不同的国家组怎样才能驾驭资本流动以便加强真正的投资,减少可能发生的负面宏观经济影响。
The debate will discuss how different groups of countries can manage capital inflows in order to strengthen real investment and reduce potential adverse macroeconomic effects.
因而,简言之,为了进行真正的投资,必须有一个真正的安全边际。
To have a true investment, there must be true Margin of Safety.
然而,真正的投资需要耗费数年的时间才会得到真正的结果,有时甚至是几十年。
However, real investments can take years to produce their real results, sometimes, even decades.
在奢华的holland&sherry定制服装是真正的投资,总是有穿着的乐趣。
We can attest that a bespoke tailored garment in luxury Holland& Sherry cloth is a true investment and always a pleasure to wear.
在开始进行真正的投资之前,您应该通过虚拟交易了解市场。
Before you start making real investments, you should get the hang of the market through virtual trading.
考虑到列出的所有属性都不是你马上就能在一个人身上发现的东西,我会说时间和真正的投资。
Considering all the attributes listed are not things you would discover right away in a person, I would say TIME and making a true investment.
在公告发布之前,我认为没有客户直接对其进行任何真正的投资。
Before[the announcement], I don't think there were any real investments in it from clients directly.”.
这就是价值主张的出现变得至关重要的地方,因为这是真正的投资所在。
And this is where the emergence of a value proposition becomes vital, as this is where the true investment lies.
学生和教师参与学习,让我们的学生成为真正的投资在他们的教育伙伴关系。
Students and faculty engage in partnerships in learning that allow our students to become truly invested in their education.
一个多世纪以前,80%的银行贷款的的确确流向了企业,并进行了真正的投资。
A century or more ago, 80% of bank lending, went to businesses for genuine investment.
Alok Bhardwaj argues that any violations to network neutrality, realistically speaking, will not involve genuine investment but rather payoffs for unnecessary and dubious services.
无论有多少资金以外部援助等方式流入我们非洲,我们真正的投资都来自于非洲内部、巴西、中国和印度。
No matter how much money comes to us from outside aid and so on, our real investments are coming from within Africa, Brazil, China, India.
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