{"id":11789,"date":"2026-03-28T12:01:50","date_gmt":"2026-03-28T04:01:50","guid":{"rendered":"https:\/\/www.invbus.com\/blog\/?p=11789"},"modified":"2026-03-28T12:01:50","modified_gmt":"2026-03-28T04:01:50","slug":"%e8%af%bb%e5%ae%8c%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%e8%af%86%e3%80%8b%ef%bc%9a%e7%ac%ac%e4%b8%80%e6%ac%a1","status":"publish","type":"post","link":"https:\/\/www.invbus.com\/blog\/?p=11789","title":{"rendered":"\u8bfb\u5b8c\u300a\u6211\u4ece\u8fbe\u5c14\u6587\u90a3\u91cc\u5b66\u5230\u7684\u6295\u8d44\u77e5\u8bc6\u300b\uff1a\u7b2c\u4e00\u6b21\u6709\u4eba\u628a\u300c\u62a4\u57ce\u6cb3\u300d\u7b97\u6e05\u695a\u4e86"},"content":{"rendered":"\n
\"\"\/<\/div><\/figure>\n\n\n\n

\u4e66\u7c4d\u7b80\u4ecb<\/strong> \u300a\u6211\u4ece\u8fbe\u5c14\u6587\u90a3\u91cc\u5b66\u5230\u7684\u6295\u8d44\u77e5\u8bc6\u300b\uff08\u82f1\u6587\u539f\u540d What I Learned About Investing from Darwin\uff09\u7684\u4f5c\u8005\u666e\u62c9\u514b\u00b7\u666e\u62c9\u8428\u5fb7\uff08Pulak Prasad\uff09\u662f\u90a3\u70c2\u9640\u8d44\u672c\uff08Nalanda Capital\uff09\u7684\u521b\u59cb\u4eba\u3002\u8fd9\u5bb6\u673a\u6784\u4ee5\u957f\u671f\u4e1a\u7ee9\u5353\u8d8a\u8457\u79f0\uff0c\u5176\u6838\u5fc3\u7406\u5ff5\u662f\u5c06\u8fdb\u5316\u751f\u7269\u5b66\u7684\u751f\u5b58\u667a\u6167\u5e94\u7528\u5230\u6295\u8d44\u9886\u57df\u3002\u4f5c\u8005\u8ba4\u4e3a\uff0c\u6295\u8d44\u5e02\u573a\u5982\u540c\u81ea\u7136\u754c\uff0c\u53ea\u6709\u90a3\u4e9b\u9002\u5e94\u6027\u6700\u5f3a\u3001\u80fd\u907f\u514d\u6bc1\u706d\u6027\u6253\u51fb\u7684\u7269\u79cd\uff08\u4f01\u4e1a\uff09\u624d\u80fd\u957f\u671f\u751f\u5b58\u5e76\u7e41\u884d\u3002<\/p>\n\n\n\n

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\u516c\u5f0f\uff1a ROCE = \u5f53\u671f\u606f\u7a0e\u524d\u5229\u6da6 \/ \u5f53\u671f\u5e73\u5747\u5df2\u52a8\u7528\u8d44\u672c<\/strong> \u6bd4\u5982\u8d35\u5dde\u8305\u53f0\u8fd1\u51e0\u5e74\u7684 ROCE<\/p>\n\n\n\n

\"\"\/<\/div><\/figure>\n\n\n\n

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\"\"\/<\/div><\/figure>\n\n\n\n

\u5173\u952e\u7ed3\u8bba<\/strong><\/p>\n\n\n\n

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1\uff09\u7ba1\u7406\u5c42\u4e0d\u8bda\u4fe1\uff08\u9a97\u5b50\uff09<\/p>\n\n\n\n

2\uff09\u9677\u5165\u8f6c\u578b\u5371\u673a<\/p>\n\n\n\n

3\uff09\u503a\u52a1\u6c34\u5e73\u9ad8<\/p>\n\n\n\n

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Nalanda Capital \u7684\u6295\u8d44\u7b56\u7565<\/strong> \u4f5c\u8005\u628a\u90a3\u70c2\u9640\u7684\u7b56\u7565\u5199\u5f97\u975e\u5e38\u7b80\u5355\uff0c\u4e5f\u975e\u5e38\u201c\u96be\u201d\uff1a<\/p>\n\n\n\n

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1. \u771f\u6b63\u91cd\u8981\u7684\u4e0d\u662f\u6293\u4f4f\u6bcf\u4e00\u6b21\u673a\u4f1a<\/p>\n\n\n\n

2. \u800c\u662f\u5efa\u7acb\u4e00\u4e2a\u7cfb\u7edf\uff1a \u5c11\u51fa\u624b\u3001\u51fa\u624b\u5c31\u91cd\u4ed3\u3001\u4e70\u5b8c\u5c31\u957f\u671f\u6301\u6709\u3001\u5c3d\u91cf\u4e0d\u72af\u5927\u9519\u3002\u9519\u8fc7\u5f88\u591a\u597d\u673a\u4f1a\uff0c\u662f\u7b56\u7565\u7684\u4e00\u90e8\u5206\u3002<\/p>\n\n\n\n

\u4eba\u4e0d\u53ef\u80fd\u628a\u6bcf\u4e00\u6b21\u673a\u4f1a\u90fd\u6293\u4f4f\u3002\u53ea\u8981\u80fd\u628a\u81ea\u5df1\u7684\u201c\u4e94\u4e2a\u5b54\u201d\u6253\u5bf9\uff0c\u4eba\u751f\u5c31\u8db3\u591f\u597d\u4e86\u3002<\/p>\n\n\n\n

https:\/\/xueqiu.com\/8299936096\/372904067<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u4e66\u7c4d\u7b80\u4ecb \u300a\u6211\u4ece\u8fbe\u5c14\u6587\u90a3\u91cc\u5b66\u5230\u7684\u6295\u8d44\u77e5\u8bc6\u300b\uff08\u82f1\u6587\u539f\u540d What I Learned About In […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11789","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/11789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11789"}],"version-history":[{"count":0,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/11789\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}