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- "Yo pienso lo mismo que usted…
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In "lo siento" it means "it", just like in "lo quiero". Lo siento is an apology that literally means "I feel it." Lo lamento is an even sorrier one :)
Here, lo takes the place that would often hold el, because mismo is not a noun but an adjective, "lo mismo" can basically be translated to "the thing that is/that which is the same"