M10:21
这个嘛，是因为我太迟钝了，没看出来后来会发生什么。虽然我很钦佩 Jeff，我钦佩他已经很多很多年了，也一直看着他在做什么，但我当时并不觉得他能成功到今天这样的规模。
Well, because I was too dumb to realize what was going to happen, even though I admired Jeff, I've admired him for a long, long time and, and, and watched what he was doing, but I did not think that he could succeed on the scale he has.
而且我当然也没——我甚至都没想过，Amazon Web Services 或者 cloud 这方面还有这样的可能性。
And I certainly didn't— I didn't even think about the possibility of doing anything with Amazon Web Services or the cloud.
所以，嗯，如果你当时问我，他在搭建零售业务的同时，还会做出一个能颠覆科技行业的东西，这在我看来概率是非常非常小的。
So, uh, if you'd asked me the chances that while he was building up the retail operation that he would also be doing something that was disrupting the tech industry, that would have been a very, very long shot for me.
所以我低估了——我是真的严重低估了他执行层面的才华。
And I've underestimated— I've really underestimated the brilliance of the execution.
我的意思是，在线上做这些事，光有想法是一回事，但真正做成非常需要能力。
I mean, it's one thing to dream about doing this stuff online, but it takes a lot of ability.
你可以去读他一九九七年的 annual report，他当时就已经把路线图写出来了。
And you can read his 1997 annual report, and he laid out a roadmap.
而且他不光做到了，还是大获成功。
And he's done it and done it in spades.
如果你还没看过他三四个月前在 Charlie Rose 节目上的采访，去 charlierose.com 听一听，因为你会学到很多东西。
And if you haven't seen his interview on Charlie Rose 3 or 4 months ago, charlierose.com, go to and listen to it because you'll learn a lot.
至少我是学到了很多。
At least I did.
所以我，我就是，我真的就是——它看起来总是很贵，而且我也从来没觉得他会走到今天这个位置。
So I, I just, I, I just plain— it always looked expensive, and I really never thought that he would be where he is today.
我当时觉得他会做得——我觉得他真的非常聪明。
I thought he would do— I thought he was really brilliant.
但是，不管是三年前、五年前、八年前还是十二年前，当我当时看这件事的时候，我都没觉得他会走到今天这个地步。
But I did not think he would be where he is today when I looked at it 3, 5, 8, 12 years ago, whenever it may have been.
Charlie，你当时怎么会看漏呢？
Charlie, how did you miss it?