who would invest in the United States railroad industry,

都投资了美国铁路工业
but the railroad industry has not done well,

但是像很多其它工业一样
as is the case with many other industries,

铁路工业并没做好
and Levitt's argument was because the railroad industry was myopic.

莱维特分析认为是因为铁路工业缺乏远见
The railroad industry thought that it was in the business of trains,

铁路工业认为它只关火车的事
when Levitt suggests it was in the business of transportation.

但莱维特认为它关系了运输行业
If it realized that it was in the business of transportation,

若认识到铁路是关系到运输行业
the railroad industry could have become also

那铁路工业也会变成
the automotive industry, the airline industry--

机车工业或是航空工业
parenthetically neither one of those are doing too well right now--

插一句这两个现在做得都不是太好
but they were when Levitt wrote this article.

但是在莱维特写文章的时候却还是不错的
He was saying don't be myopic about what your business is about.

他说不要对你的生意缺乏远见