While watching, he makes notes.

他一边观察，一边做笔记。

youdao

When a federally insured bank makes bets, he notes, it exposes the government to gigantic losses.

FORBES: Mo. Prof.: 'JPMorgan Runs The World's Largest Gambling Operation'

But he notes that any blue chip stock with staying power makes a good DRIP candidate.

FORBES: Magazine Article

Speaking at the headquarters of the 3M Company, which makes products ranging from post-it notes to high-tech fuels cell components, he called for tax credits for business research, increased money for federal science programs, and he talked about the need to improve math and science skills of American high school students.

NPR: Bush Promotes Competitiveness Initiative