英文早读第11篇，选自巴菲特年度信，友才翻译。
1959 Letter
WARREN E. BUFFETT
5202 Underwood Ave. Omaha, Nebraska
1958公开信
沃伦 E. 巴菲特
内布拉斯加州奥马哈市安德伍德大道5202
THE GENERAL STOCK MARKET IN 1959：
1959年股市概况：
The Dow-Jones Industrial Average, undoubtely the most widely used index of stock market behavior, presented a somewhat faulty picture in 1959. This index recorded an advance from 583 to 679, or 16.4% for the year. When the dividends which would have been received through ownership of the average are added, an overall gain of 19.9% indicated for 1959.
道琼斯平均工业指数，毫无疑问最被广泛引用的股市行为指数，在1959年呈现了有缺陷的概况。这个指数记录了一年从583点到679点的上涨，或者16.4%的增长率。当从这些指数股票收到的股息被加上后，1959年的整体增长率到了19.9%。
Despite this indication of a robust market, more stocks declined than advanced on the New York Stock Exchange during the year by a margin of 710 to 628. Both the Dow-Jones Railroad Average and Utility Average registered declines.
尽管这象征一个强健的市场，但在纽交所今年更多股票是下跌而不是上涨，点数从712到628。道琼斯铁路指数和公用事业指数也都显示下降。
Most investment trusts had a difficult time in comparision with the Industrial Average. Tri-Continental Corp. the nation's largest closed-end investment company (total asset 400 million) had an overall gain of about 5.7% for the year. Fred Brown, its President, had this to say about the 1959 market in a recent speech to the Analysts Society:
大多数在与工业指数相比时相信都遇到了困难。国家最大的封闭式投资公司（总持有4亿美金资产）三大陆公司这一年获得了5.7%的净值增长。他的总裁弗雷德布朗在最近对分析师协会的讲话中对1959年市场如下说：
1.faulty：错误的；有缺陷的；有错误的；不完美的
2.indicate：表示；表明；指示；暗示；（用灯光或手臂）打转向灯
3.indication：指示；表明；显示；象征
4.robust：强健的；坚固的；耐用的；富有活力的
5.utility：实用；公共事业；多功能的；多用途的
6.sentiment：情绪；情感；观点；伤情
7.enthusiasm：热情；热忱；热衷的食物
