{"id":6160,"date":"2023-10-04T10:09:08","date_gmt":"2023-10-04T02:09:08","guid":{"rendered":"https:\/\/www.btccccc.cc\/?p=6160"},"modified":"2023-10-04T10:09:08","modified_gmt":"2023-10-04T02:09:08","slug":"%e4%bf%9d%e5%ae%88%e4%b8%bb%e4%b9%89%e4%b8%8e%e4%bb%b7%e5%80%bc%e6%8a%95%e8%b5%84","status":"publish","type":"post","link":"https:\/\/www.invbus.com\/blog\/?p=6160","title":{"rendered":"\u4fdd\u5b88\u4e3b\u4e49\u4e0e\u4ef7\u503c\u6295\u8d44"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">\u4f55\u8c13\u201c\u4fdd\u5b88\u4e3b\u4e49\u201d\uff1f<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u5728\u4e0d\u540c\u7684\u8bed\u5883\u4e0b\uff0c\u6216\u8005\u4e0d\u540c\u7684\u5386\u53f2\u9636\u6bb5\uff0c\u62e5\u6709\u4e0d\u540c\u7684\u542b\u4e49\uff0c\u4f46\u5b83\u4eec\u90fd\u6709\u7c7b\u4f3c\u7684\u672c\u8d28\uff1a\u662f\u4e00\u79cd\u5f3a\u8c03\u65e2\u6709\u4ef7\u503c\u6216\u73b0\u72b6\u7684\u653f\u6cbb\u54f2\u5b66\u3002\u4fdd\u5b88\u4e3b\u4e49\u4e00\u822c\u662f\u76f8\u5bf9\u6fc0\u8fdb\u800c\u8a00\u7684\uff0c\u800c\u4e0d\u662f\u76f8\u5bf9\u8fdb\u6b65\u800c\u8a00\u7684\u3002<strong>\u4fdd\u5b88\u4e3b\u4e49\u5e76\u4e0d\u53cd\u5bf9\u8fdb\u6b65\uff0c\u53ea\u662f\u53cd\u5bf9\u6fc0\u8fdb\u7684\u8fdb\u6b65\uff0c\u5b81\u613f\u91c7\u53d6\u6bd4\u8f83\u7a33\u59a5\u7684\u65b9\u5f0f\u3002<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u7a76\u7adf\u4ec0\u4e48\u6837\u7684\u89c2\u5ff5\u624d\u5c5e\u4e8e\u4fdd\u5b88\u4e3b\u4e49\uff0c\u8fd9\u91cc\u5f15\u7528\u7f8e\u56fd\u653f\u6cbb\u7406\u8bba\u5bb6\u3001\u73b0\u4ee3\u4fdd\u5b88\u4e3b\u4e49\u5960\u57fa\u4eba\u7f57\u7d20\u00b7\u67ef\u514b\uff08Russell Kirk\uff0c1918-1994\uff09\u7684\u603b\u7ed3<a target=\"_blank\" href=\"https:\/\/link.jianshu.com\/?t=http:\/\/www.kirkcenter.org\/index.php\/detail\/ten-conservative-principles\/\" rel=\"noreferrer noopener\">\u300a\u4fdd\u5b88\u4e3b\u4e49\u7684\u5341\u6761\u539f\u5219\uff08\u82f1\u6587\u539f\u6587\uff09\u300b\u3002&nbsp;&nbsp;&nbsp;<\/a><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p 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class=\"wp-block-paragraph\">4\u3001\u4fdd\u5b88\u4e3b\u4e49\u8005\u9075\u5faa\u5ba1\u614e\u539f\u5219\u3002<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">5\u3001\u4fdd\u5b88\u4e3b\u4e49\u8005\u5173\u6ce8\u591a\u6837\u6027\u539f\u5219<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">6\u3001\u4fdd\u5b88\u4e3b\u4e49\u8005\u653e\u5f03\u6c42\u5168\u8d23\u5907\u3002<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">7\u3001\u4fdd\u5b88\u4e3b\u4e49\u8005\u76f8\u4fe1\uff0c\u81ea\u7531\u548c\u8d22\u4ea7\u5bc6\u5207\u76f8\u5173\u3002<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">8\u3001\u4fdd\u5b88\u4e3b\u4e49\u8005\u652f\u6301\u81ea\u53d1\u5f62\u6210\u7684\u793e\u533a\uff0c\u53cd\u5bf9\u4eba\u4e3a\u7684\u96c6\u4f53\u4e3b\u4e49\u3002<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">9\u3001\u4fdd\u5b88\u4e3b\u4e49\u8005\u8ba4\u4e3a\uff0c\u9700\u8981\u5bf9\u6743\u529b\u548c\u4eba\u7684\u6fc0\u60c5\u8fdb\u884c\u5ba1\u614e\u7684\u9650\u5236<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">10\u3001\u7406\u6027\u7684\u4fdd\u5b88\u4e3b\u4e49\u8005\u61c2\u5f97\uff0c\u4e00\u4e2a\u5145\u6ee1\u6d3b\u529b\u7684\u793e\u4f1a\u5fc5\u987b\u8ba4\u53ef\u6301\u4e45\u548c\u53d8\u5316\uff0c\u4e14\u4e24\u8005\u5fc5\u987b\u8c03\u548c\u3002<\/p>\n<\/blockquote>\n\n\n\n<h1 class=\"wp-block-heading\">\u4f55\u8c13\u201c\u4ef7\u503c\u6295\u8d44\u201d\uff1f<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">\u80a1\u795e\u5df4\u83f2\u7279\u7684\u5bfc\u5e08\u672c\u6770\u660e\u00b7\u683c\u96f7\u5384\u59c6\uff08Benjamin Graham\uff09\u6b63\u662f\u201c\u4ef7\u503c\u6295\u8d44\u4e4b\u7236\u201d\u3002\u4ed6\u63d0\u51fa\u7684\u5185\u5728\u4ef7\u503c\u5b66\u8bf4\u548c\u5b89\u5168\u8fb9\u9645\u539f\u5219\u81f3\u4eca\u4ecd\u662f\u4ef7\u503c\u6295\u8d44\u7406\u8bba\u7684\u57fa\u77f3\u3002\u4ed6\u7684\u201c\u5e02\u573a\u5148\u751f\u201d\u5bd3\u8a00\u5145\u6ee1\u4e86\u6d1e\u89c1\u3002\u4f46\u662f\u4ed6\u7684\u6295\u8d44\u7406\u8bba\u4e5f\u6709\u91cd\u5927\u7f3a\u9677\u3002\u8fd9\u4e00\u7f3a\u9677\u5145\u5206\u5730\u4f53\u73b0\u5728\u4ed6\u7684\u96ea\u8304\u70df\u8482\u5f0f\u6295\u8d44\uff08CigarButts Investing\uff09\u98ce\u683c\u4e2d\u3002\u6709\u4eba\u628a\u8fd9\u79cd\u6295\u8d44\u98ce\u683c\u5f62\u5bb9\u4e3a\uff1a\u4f60\u6ee1\u5730\u627e\u96ea\u8304\u70df\u8482\uff0c\u7ec8\u4e8e\u4f60\u627e\u5230\u4e00\u4e2a\u6e7f\u900f\u4e86\u7684\u3001\u4ee4\u4eba\u8ba8\u538c\u7684\u70df\u8482\uff0c\u770b\u4e0a\u53bb\u8fd8\u80fd\u62bd\u4e0a\u4e00\u53e3\u3002\u90a3\u4e00\u53e3\u53ef\u662f\u514d\u8d39\u7684\u3002\u4f60\u628a\u5b83\u6361\u8d77\u6765\uff0c\u62bd\u4e0a\u6700\u540e\u4e00\u53e3\uff0c\u7136\u540e\u6254\u4e86\uff0c\u63a5\u7740\u627e\u4e0b\u4e00\u4e2a\u3002\u8fd9\u6837\uff0c\u4f60\u4e0d\u7528\u82b1\u94b1\u5c31\u80fd\u62bd\u4e0a\u51e0\u53e3\u514d\u8d39\u7684\u96ea\u8304\u3002\u5982\u679c\u6309\u7167\u8fd9\u79cd\u98ce\u683c\u53bb\u6295\u8d44\uff0c\u90a3\u6295\u8d44\u7ec4\u5408\u4e2d\u5fc5\u7136\u662f\u5927\u91cf\u6b8b\u7f3a\u4e0d\u5168\u7684\u96ea\u8304\u70df\u8482\u3002\u6295\u8d44\u8005\u5fc5\u7136\u8981\u9891\u7e41\u5730\u6536\u8fdb\u5404\u79cd\u70df\u8482\uff0c\u5e76\u6025\u4e8e\u5c06\u5b83\u4eec\u8131\u624b\u3002\u5176\u7ed3\u679c\u662f\uff0c\u624b\u4e2d\u6ca1\u6709\u4e00\u4ef6\u5b8c\u6574\u7684\u597d\u8d27\uff0c\u800c\u4e14\u8fd8\u8981\u88ab\u8feb\u9891\u7e41\u4ea4\u6613\u3002\u52a3\u8d28\u80a1\u7968\u3001\u5206\u6563\u6295\u8d44\u3001\u77ed\u671f\u6301\u6709\u662f\u683c\u96f7\u5384\u59c6\u8fd9\u79cd\u70df\u8482\u5f0f\u6295\u8d44\u7684\u91cd\u5927\u7f3a\u9677\u3002\u9488\u5bf9\u683c\u96f7\u5384\u59c6\u6295\u8d44\u7406\u8bba\u7684\u91cd\u5927\u7f3a\u9677\uff0c\u83f2\u5229\u666e\u00b7\u8d39\u96ea\uff08Philip A. Fisher\uff09\u63d0\u51fa\u8d2d\u4e70\u6709\u5f88\u5927\u5b89\u5168\u8fb9\u9645\u7684\u4f18\u8d28\u516c\u53f8\uff0c\u96c6\u4e2d\u6295\u8d44\uff0c\u5e76\u4e14\u957f\u671f\u6301\u6709\uff0c\u4ece\u800c\u4f7f\u5f97\u683c\u96f7\u5384\u59c6\u5f00\u521b\u7684\u4ef7\u503c\u6295\u8d44\u7406\u8bba\u81fb\u4e8e\u5b8c\u5584\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/upload-images.jianshu.io\/upload_images\/1891792-38021c45e3693659.png?imageMogr2\/auto-orient\/strip|imageView2\/2\/w\/546\/format\/webp'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/upload-images.jianshu.io\/upload_images\/1891792-38021c45e3693659.png?imageMogr2\/auto-orient\/strip|imageView2\/2\/w\/546\/format\/webp\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u672c\u6770\u660e\u00b7\u683c\u96f7\u5384\u59c6\uff081894-1976\uff0c\u5de6\uff09\u83f2\u5229\u666e\u00b7\u8d39\u96ea\uff081907-2004\uff0c\u53f3\uff09<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">Alex_Cui  2017.12.03 05:29:49<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.jianshu.com\/p\/20847c905284\">https:\/\/www.jianshu.com\/p\/20847c905284<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4f55\u8c13\u201c\u4fdd\u5b88\u4e3b\u4e49\u201d\uff1f \u5728\u4e0d\u540c\u7684\u8bed\u5883\u4e0b\uff0c\u6216\u8005\u4e0d\u540c\u7684\u5386\u53f2\u9636\u6bb5\uff0c\u62e5\u6709\u4e0d\u540c\u7684\u542b\u4e49\uff0c\u4f46\u5b83\u4eec\u90fd\u6709\u7c7b\u4f3c\u7684\u672c\u8d28\uff1a\u662f\u4e00\u79cd\u5f3a\u8c03\u65e2\u6709\u4ef7 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[26,31,35],"class_list":["post-6160","post","type-post","status-publish","format-standard","hentry","category-investment","tag-26","tag-31","tag-35"],"_links":{"self":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6160","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=6160"}],"version-history":[{"count":0,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}