Buffett's preferred measure of Berkshire's performance is the growth in its book value, which is a calculation of the company's assets minus its liabilities.
巴菲特倾向于用净资产的增长率来衡量伯克希尔公司的经营业绩,净资产指用公司的资产减去公司的负债。
Book value's virtue as a score-keeping measure is that it is easy to calculate and doesn't involve the subjective (but important)judgments employed in calculation of intrinsic business value.
帐面价值作为计分尺度的好处在于其易于计算,而且不涉及在计算内在商业价值中的主观(但是重要的)判断。
Circuit parameter calculation in the book "Electrotechnics" is the basis of the circuit analysis and design.
《电工学》中电路参数的计算是电路分析与设计的基础。
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