F1
F10:01
Warren 和 Charlie，你们二位在二零零八年 MidAmerican 买入 BYD 股份的时候，都对 BYD 和它的董事长王传福表达过非常积极的看法。
Warren and Charlie, both of you expressed a very positive view of BYD and its chairman, Wang Chuanfu, when MidAmerican bought its stake in 2008.
那现在来看，BYD 作为一项长期投资，是不是还像你们当初买入股份时那样有吸引力？
Does BYD remain as attractive a long-term investment now as it was when you acquired your stake?
如果是的话，为什么？
If so, why?
BYD 最近一些产品发布时间一再延后、而且原因不明，这种情况有没有影响你们对公司运营的信心？
Has BYD's recent pattern of unexplained product launch delays affected your confidence in the operation?
Charlie 是 BYD 方面的专家，所以这个问题我先让他来回答。
Charlie's the BYD expert, so I'm going to let him start on that one.
M1
M10:36
嗯，当然，现在的价格还是远高于 Berkshire 当年买入的价格，所以从这个角度说——几乎按定义来讲——它肯定没有当时那么便宜了。
Well, of course, the price is still way higher than the price Berkshire paid, and so by its— almost by definition, it's not quite as cheap as it was then.
嗯，任何一家像 BYD 这样，想要推进得这么快、同时又在这么多条战线上一起推进的公司，都会出现各种延误和小故障。
Uh, any company that tries to move as fast as BYD does, and on as many fronts, it's going to have various delays and glitches.
不过呢，我想说的是，我对现在发生的事情还是挺受鼓舞的，而且我本来也预期会有延误和一些小问题。
And, uh, but I would say I'm quite encouraged by what's going on, and I expect delays and glitches.
他们在汽车分销上是遇到了一些麻烦，不过他们当时是想连续六年每年都把汽车销量翻一倍。
They got in trouble in the auto distribution, but they tried to double auto sales every year for 6 years.
而前五次他们都做到了。
And it worked the first 5 times.
对。
Yeah.
我没有什么要补充的。
I have nothing to add.