M10:15
不是，那个——我们很久以前就知道，世界各地从来都不缺司机。
No, there's no— we've known for a long time there's no shortage of drivers around the world.
这个，这个，呃，也许 United States 的业务很多，但别的地方的业务也非常非常多。
That, that, uh, there may be a lot of business in the United States, there's a whole lot of business elsewhere.
具体说到 India 和 China，呃，据我所知，我们在这两个国家里，任何一家公司最多只能持有百分之二十四点九的股份。对于一个我们只能持有百分之二十四点九的东西，我们并不想特别卖力去做；相比之下，我们更愿意把力气花在我们可以百分之百持有的事情上。
In terms of India and China specifically, uh, we can only own a limited amount, I believe 24.9% of a company in either of those countries, and we're not eager to work hard on something where we own 24.9% when we can work hard on something where we can own 100%.
呃，显然，我们一直都在讨论这个问题。
Uh, obviously we talk all the time.
几十年来，我们一直在想各种可能扩张 GEICO 的办法，因为它是一家非常非常棒的公司。
We've thought for decades about ways we can possibly expand GEICO because it's a wonderful, wonderful company.
而且，自从我们取得控股权之后，它的市场份额已经从百分之二点几，涨到了现在大约百分之八点五。
And we have gone from a market share of 2 and a fraction percent when we bought control to 8.5 or so now.
但是，我们在这里还有很多事情可做。
But there's plenty to do here.
而且，在看其他市场的时候，我们并没有同样类型的优势；或者说，我们觉得在任何合理的时间内，也不可能把那种优势建立起来。
And we do not have the same kind of advantages, or we don't think we could build those in any reasonable period of time, as we look at other markets.
我的意思是，显然，我们也会看 Canada，你知道的，我是说，Ajit 和我经常会聊这类事情。
I mean, obviously, we look at Canada, you know, I mean, Ajit and I talk about this kind of thing frequently.
我同意他的判断：现在，以及很可能未来很长一段时间里，United States 的机会都多得很。而其他地区，出于这样那样的原因，在我们看来，并不能给我们带来像这里这样的一类竞争优势，所以我们就放弃了。
I agree with his decision that now, and probably for a long time to come, there is so much opportunity in the United States, and the other areas, for one reason or another, as we look at them, do not give us the same kind of competitive advantage we have here, that we pass on them.
不过，我们非常喜欢这样一种思路：一项在某个地方已经跑通的业务，想办法让它在别的地方也能跑通，不管是地理上的邻近扩张，还是产品延伸，或者各种各样其他的方式。
But we love the idea of taking a business that's working in one area and figuring out a way to have it work in other areas, whether it's geographical adjacencies or product extensions or, or all kinds of things.
外面有哪些可能性，我们心里是很清楚的。
We're well aware of possibilities out there.
就 GEICO 来说，我们并没有决定去其他国家发展，但这并不是因为我们不知道那里也有车。
In the case of GEICO, we have not decided to go to other countries, but it isn't because we didn't know there were cars there.