{"id":11783,"date":"2026-03-28T11:59:05","date_gmt":"2026-03-28T03:59:05","guid":{"rendered":"https:\/\/www.invbus.com\/blog\/?p=11783"},"modified":"2026-03-28T11:59:05","modified_gmt":"2026-03-28T03:59:05","slug":"%e6%99%ae%e6%8b%89%e5%85%8b%c2%b7%e6%99%ae%e6%8b%89%e8%90%a8%e5%be%b7%e3%80%8a%e6%88%91%e4%bb%8e%e8%be%be%e5%b0%94%e6%96%87%e9%82%a3%e9%87%8c%e5%ad%a6%e5%88%b0%e7%9a%84%e6%8a%95%e8%b5%84%e7%9f%a5","status":"publish","type":"post","link":"https:\/\/www.invbus.com\/blog\/?p=11783","title":{"rendered":"\u666e\u62c9\u514b\u00b7\u666e\u62c9\u8428\u5fb7\u300a\u6211\u4ece\u8fbe\u5c14\u6587\u90a3\u91cc\u5b66\u5230\u7684\u6295\u8d44\u77e5\u8bc6\u300b"},"content":{"rendered":"\n<p>\u4f5c\u8005:\u00a0<a href=\"https:\/\/book.douban.com\/author\/4642105\" class=\"\">[\u5370] \u666e\u62c9\u514b\u00b7\u666e\u62c9\u8428\u5fb7<\/a><br>\u8bd1\u8005:\u00a0<a href=\"https:\/\/book.douban.com\/author\/4631138\" class=\"\">\u5f6d\u76f8\u73cd<\/a><br>\u51fa\u7248\u793e:\u00a0<a href=\"https:\/\/book.douban.com\/press\/2866\">\u4e2d\u8bd1\u51fa\u7248\u793e<\/a><br>\u51fa\u7248\u5e74:\u00a02025-2<br>ISBN:\u00a09787500181118<br>\u9875\u6570:\u00a0461<br>\u88c5\u5e27:\u00a0\u5e73\u88c5<br>\u5b9a\u4ef7:\u00a089.00\u5143<br>\u539f\u4f5c\u540d:\u00a0What I Learned About Investing From Darwin<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5185\u5bb9\u7b80\u4ecb&nbsp;&nbsp;\u00b7&nbsp;\u00b7&nbsp;\u00b7&nbsp;\u00b7&nbsp;\u00b7&nbsp;\u00b7<\/h2>\n\n\n\n<p>\u6295\u8d44\u884c\u4e1a\u6b63\u5904\u4e8e\u5371\u673a\u72b6\u6001\u3002\u7edd\u5927\u591a\u6570\u80a1\u7968\u57fa\u91d1\u7ecf\u7406\u65e0\u6cd5\u957f\u671f\u8dd1\u8d62\u5e02\u573a\uff0c\u5bfc\u81f4\u5927\u91cf\u8d44\u91d1\u4ece\u4e3b\u52a8\u578b\u57fa\u91d1\u6d41\u5411\u88ab\u52a8\u578b\u57fa\u91d1\u3002\u6295\u8d44\u8005\u5e94\u8be5\u4ece\u54ea\u91cc\u5bfb\u627e\u65b0\u7684\u6295\u8d44\u9014\u5f84\uff1f<\/p>\n\n\n\n<p>\u666e\u62c9\u8428\u5fb7\u51ed\u501f\u5176\u5728\u6295\u8d44\u9886\u57df\u53d6\u5f97\u7684\u957f\u671f\u9ad8\u989d\u56de\u62a5\uff0c\u5206\u4eab\u4e86\u5176\u72ec\u7279\u7684\u6295\u8d44\u7075\u611f\u6765\u6e90\u2014\u2014\u8fdb\u5316\u751f\u7269\u5b66\u3002\u4ed6\u6df1\u5165\u6316\u6398\u8fbe\u5c14\u6587\u5b66\u8bf4\u7684\u6838\u5fc3\u7406\u5ff5\uff0c\u5c06\u81ea\u7136\u754c\u7684\u9c9c\u6d3b\u6848\u4f8b\u4e0e\u81ea\u8eab\u4e30\u5bcc\u7684\u6295\u8d44\u5b9e\u8df5\u7d27\u5bc6\u7ed3\u5408\u2014\u2014\u718a\u8702\u7684\u751f\u5b58\u7b56\u7565\u5982\u4f55\u5e2e\u52a9\u6211\u4eec\u63a5\u53d7\u53ef\u80fd\u4f1a\u9519\u8fc7\u7279\u65af\u62c9\u7684\u51b3\u7b56\uff1b\u9a6f\u670d\u94f6\u72d0\u7684\u5b9e\u9a8c\u63ed\u793a\u4e86\u6210\u529f\u4f01\u4e1a\u5e94\u5177\u5907\u4ec0\u4e48\u6837\u7684\u7279\u5f81\uff1b\u4e3a\u4ec0\u4e48\u4e00\u53ea\u5c0f\u9752\u86d9\u6a21\u4eff\u4e00\u4e2a\u66f4\u5927\u7684\u7ade\u4e89\u5bf9\u624b\u7684\u5471\u5471\u53eb\u58f0\u53ef\u4ee5\u63ed\u793a\u516c\u53f8\u4e0d\u8bda\u5b9e\u7684\u8ff9\u8c61\u2026\u2026<\/p>\n\n\n\n<p>\u666e\u62c9\u8428\u5fb7\u4ee5\u751f\u52a8\u6709\u8da3\u4e14\u5bcc\u6709\u6d1e\u5bdf\u529b\u7684\u6587\u7b14\uff0c\u5de7\u5999\u5730\u5c06\u8fbe\u5c14\u6587\u7684\u7406\u8bba\u4e0e\u6295\u8d44\u5b9e\u8df5\u76f8\u8054\u7cfb\uff0c\u4ee5\u5f15\u4eba\u5165\u80dc\u7684\u65b9\u5f0f\u5448\u73b0\u7ed9\u8bfb\u8005\u3002\u5728\u6210\u529f\u7684\u8fdb\u5316\u7b56\u7565\u7684\u6307\u5f15\u4e0b\uff0c\u4ed6\u8be6\u7ec6\u9610\u8ff0\u4e86\u591a\u4e2a\u83b7\u53d6\u957f\u671f\u6536\u76ca\u7684\u53cd\u76f4\u89c9\u539f\u5219\uff0c\u5e76\u5f3a\u8c03\u826f\u597d\u7684\u89c6\u89d2\u4e0e\u601d\u7ef4\u65b9\u5f0f\u8fdc\u6bd4\u5355\u7eaf\u7684\u6280\u672f\u548c\u6280\u80fd\u66f4\u4e3a\u91cd\u8981\uff0c\u77e5\u8bc6\u4e0e\u6280\u5de7\u53ea\u662f\u5b9e\u73b0\u76ee\u6807\u7684\u624b\u6bb5\u3002\u4ed6\u7684\u89c2\u70b9\u57fa\u4e8e\u5bf9\u5931\u8d25\u6559\u8bad\u7684\u6df1\u523b\u53cd\u601d\u548c\u6210\u529f\u7ecf\u9a8c\u7684\u603b\u7ed3\u63d0\u70bc\uff0c\u4e3a\u6295\u8d44\u8005\u63d0\u4f9b\u4e86\u6781\u5177\u4ef7\u503c\u7684\u501f\u9274\u3002\u5728\u7b97\u6cd5\u4e0e\u4eba\u5de5\u667a\u80fd\u65e5\u76ca\u5e94\u7528\u4e8e\u8d22\u52a1\u76ee\u6807\u5b9e\u73b0\u7684\u5f53\u4e0b\uff0c\u666e\u62c9\u8428\u5fb7\u7684\u6295\u8d44\u601d\u60f3\u6709\u671b\u5728\u672a\u6765\u53d1\u6325\u66f4\u5927\u7684\u4ef7\u503c\uff0c\u5e2e\u52a9\u6295\u8d44\u8005\u5728\u590d\u6742\u591a\u53d8\u7684\u5e02\u573a\u4e2d\u7a33\u5065\u524d\u884c\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4f5c\u8005\u7b80\u4ecb&nbsp;&nbsp;\u00b7&nbsp;\u00b7&nbsp;\u00b7&nbsp;\u00b7&nbsp;\u00b7&nbsp;\u00b7<\/h2>\n\n\n\n<p>\u666e\u62c9\u514b\u00b7\u666e\u62c9\u8428\u5fb7\uff08Pulak Prasad\uff09<\/p>\n\n\n\n<p>\u65b0\u52a0\u5761\u90a3\u70c2\u9640\u8d44\u672c\uff08Nalanda Capital\uff09\u521b\u59cb\u4eba\uff0c\u6b64\u524d\u66fe\u5728\u9ea6\u80af\u9521\u4efb\u804c\uff0c\u5e76\u62c5\u4efb\u8fc7\u534e\u5e73\u6295\u8d44\uff08Warburg Pincus\uff09\u7684\u5370\u5ea6\u8054\u5e2d\u4e3b\u7ba1\u3002\u4ed6\u4e8e2007\u5e74\u521b\u7acb\u90a3\u70c2\u9640\u8d44\u672c\uff0c\u4e13\u6ce8\u6295\u8d44\u5370\u5ea6\u4e0a\u5e02\u516c\u53f8\uff0c\u7ba1\u7406\u8d44\u91d1\u89c4\u6a21\u7ea650\u4ebf\u7f8e\u5143\uff0c\u81ea\u6210\u7acb\u4ee5\u6765\u5b9e\u73b0\u4e86\u8fd120%\u7684\u5e74\u5316\u56de\u62a5\u7387\u3002<\/p>\n\n\n\n<p>\u666e\u62c9\u8428\u5fb7\u5bf9\u8fdb\u5316\u8bba\u6df1\u611f\u5174\u8da3\uff0c\u4ed6\u5c06\u8fbe\u5c14\u6587\u7684\u7406\u5ff5\u878d\u5165\u6295\u8d44\uff0c\u5e76\u901a\u8fc7\u81f4\u80a1\u4e1c\u4fe1\u53ca\u65b0\u4e66\u300a\u6211\u4ece\u8fbe\u5c14\u6587\u90a3\u91cc\u5b66\u5230\u7684\u6295\u8d44\u77e5\u8bc6\u300b\u5206\u4eab\u5176\u72ec\u5230\u89c1\u89e3\uff0c\u5c55\u73b0\u51fa\u5bf9\u6295\u8d44\u5b9e\u8df5\u548c\u601d\u60f3\u7684\u6df1\u523b\u6d1e\u5bdf\u529b\u4e0e\u5353\u8d8a\u624d\u534e\u3002<\/p>\n\n\n\n<h2 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