{"id":6731,"date":"2024-03-01T14:13:48","date_gmt":"2024-03-01T06:13:48","guid":{"rendered":"https:\/\/www.btccccc.cc\/?p=6731"},"modified":"2024-03-01T14:13:48","modified_gmt":"2024-03-01T06:13:48","slug":"%e8%81%aa%e6%98%8e%e7%9a%84%e6%8a%95%e8%b5%84%e8%80%85%ef%bc%88%e5%86%85%e5%ae%b9%e6%95%b4%e7%90%86%ef%bc%89","status":"publish","type":"post","link":"https:\/\/www.invbus.com\/blog\/?p=6731","title":{"rendered":"\u806a\u660e\u7684\u6295\u8d44\u8005\uff08\u5185\u5bb9\u6574\u7406\uff09"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/www.btccccc.cc\/wp-content\/uploads\/2024\/03\/image.png'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/www.btccccc.cc\/wp-content\/uploads\/2024\/03\/image.png\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\" class=\"wp-image-6732\"\/><\/div><\/figure>\n\n\n\n<p>\u82b1\u4e863\u5468\u7684\u65f6\u95f4\uff0c\u7ec8\u4e8e\u5c06\u8fd9\u672c\u7ecf\u5178\u4e66\u7c4d\u770b\u5b8c\u4e86\u3002<\/p>\n\n\n\n<p>\u770b\u5b8c\u540e\uff0c\u5370\u8c61\u6bd4\u8f83\u6df1\u7684\u51e0\u4e2a\u70b9\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u8981\u533a\u5206\u6295\u8d44\u4e8e\u6295\u673a\uff1b\u7b80\u5355\u6765\u8bb2\uff0c\u4e0d\u505a\u6df1\u5165\u3001\u5177\u4f53\u7684\u5206\u6790\uff0c\u540c\u65f6\u5bf9\u53ef\u80fd\u7684\u540e\u679c\u65e0\u6cd5\u63a5\u53d7\u7684\u884c\u4e3a\uff0c\u90fd\u662f\u6295\u673a\u3002<\/li>\n\n\n\n<li>\u672c\u4e66\u7684\u6838\u5fc3\u89c2\u70b9\u662f\uff1a\u4ef7\u503c\u6295\u8d44\uff0c\u5373\u6839\u636e\u5e02\u76c8\u7387\u3001\u76c8\u5229\u6536\u76ca\u7387\u7b49\u6570\u636e\uff0c\u8bc4\u4f30\u80a1\u7968\u7684\u4ef7\u503c\uff0c\u5f53\u4ef7\u503c\u4f4e\u4f30\u65f6\u4e70\u5165\uff0c\u9ad8\u4f30\u65f6\u5356\u51fa\u3002\uff08\u65e0\u8bba\u4e00\u7b14\u6295\u8d44\u770b\u8d77\u6765\u591a\u4e48\u4ee4\u4eba\u795e\u5f80\uff0c\u6c38\u8fdc\u90fd\u4e0d\u8981\u652f\u4ed8\u8fc7\u9ad8\u7684\u4ef7\u683c\uff09<\/li>\n\n\n\n<li>\u725b\u5e02\u6700\u7ec8\u90fd\u4f1a\u53d8\u6210\u718a\u5e02\uff0c\u56e0\u6b64\u5728\u4ef7\u503c\u88ab\u9ad8\u4f30\u65f6\uff0c\u8d85\u8fc7\u81ea\u5df1\u7684\u5b89\u5168\u8fb9\u9645\u65f6\u5356\u51fa\uff1b<\/li>\n\n\n\n<li>\u5343\u4e07\u4e0d\u8981\u56e0\u4e3a\u5e02\u573a\u7684\u4e0a\u6da8\u6216\u5229\u6da6\u7684\u6fc0\u589e\u800c\u52a0\u5927\u5bf9\u6295\u673a\u8d26\u6237\u7684\u6295\u5165\u3002\u6b64\u65f6\uff0c\u5e94\u8003\u8651\u628a\u8d44\u91d1\u64a4\u51fa\u8be5\u8d26\u6237\u3002<\/li>\n\n\n\n<li>\u6295\u8d44\u64cd\u4f5c\u662f\u5efa\u7acb\u5728\u900f\u5f7b\u5206\u6790\u7684\u57fa\u7840\u4e4b\u4e0a\u7684\uff0c\u76ee\u7684\u662f\u8981\u4fdd\u8bc1\u672c\u91d1\u7684\u5b89\u5168\u5e76\u83b7\u5f97\u9002\u5f53\u7684\u56de\u62a5\u3002\u6240\u8c13\u201c\u9002\u5f53\u7684\u56de\u62a5\u201d\u662f\u6307\u6295\u8d44\u8005\u613f\u610f\u63a5\u53d7\u4efb\u4f55\u7684\u56de\u62a5\u7387\uff08\u65e0\u8bba\u591a\u4e48\u4f4e\uff09\uff0c\u53ea\u8981\u4ed6\u505a\u51fa\u7684\u662f\u7406\u667a\u7684\u884c\u4e3a\u3002<\/li>\n\n\n\n<li>\u4e0d\u8981\u8fdb\u884c\u9884\u6d4b\uff1a\u5bf9\u4e8e\u672a\u6765\u80a1\u7968\u56de\u62a5\u7684\u9884\u6d4b\u6765\u8bf4\uff0c\u552f\u4e00\u786e\u5b9a\u7684\u4e8b\uff0c\u5c31\u662f\u4f60\u53ef\u80fd\u4f1a\u5f97\u51fa\u9519\u8bef\u7684\u7ed3\u8bba\u3002<\/li>\n\n\n\n<li>\u666e\u901a\u80a1\u7684\u6295\u8d44\u89c4\u5219\uff1a\n<ol class=\"wp-block-list\">\n<li>\u4f60\u7684\u6301\u80a1\u6570\u5e94\u9650\u5236\u5728\u6700\u5c1110\u53ea\uff0c\u6700\u591a30\u53ea\u4e0d\u540c\u7684\u80a1\u7968\u4e4b\u95f4\uff1b<\/li>\n\n\n\n<li>\u4f60\u6311\u9009\u7684\u6bcf\u4e00\u5bb6\u516c\u53f8\u5e94\u8be5\u662f\u5927\u578b\u3001\u77e5\u540d\u7684\uff08\u6307\u89c4\u6a21\u53ef\u89c2\u548c\u884c\u4e1a\u5730\u4f4d\u9886\u5148\uff09\uff0c\u5728\u8d22\u52a1\u4e0a\u662f\u7a33\u5065\u7684\uff1b<\/li>\n\n\n\n<li>\u6bcf\u4e00\u5bb6\u516c\u53f8\u90fd\u5e94\u5177\u6709\u957f\u671f\u8fde\u7eed\u652f\u4ed8\u80a1\u606f\u7684\u5386\u53f2\uff1b<\/li>\n\n\n\n<li>\u4e70\u5165\u80a1\u7968\u7684\u4ef7\u683c\u9650\u5236\u5728\u4e00\u5b9a\u7684\u5e02\u76c8\u7387\u8303\u56f4\uff0c\u5176\u53c2\u7167\u7684\u6bcf\u80a1\u5229\u6da6\uff0c\u5e94\u53d6\u8fc7\u53bb7\u5e74\u7684\u5e73\u5747\u6570\u3002<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u672c\u571f\u504f\u89c1\uff08Home Bias\uff09\uff1a\u6295\u8d44\u4e0e\u81ea\u5df1\u6240\u4e86\u89e3\u7684\u80a1\u7968\u7684\u5371\u9669\u5728\u4e8e\u4f60\u638c\u63e1\u7684\u60c5\u51b5\u8d8a\u591a\uff0c\u4f60\u5bf9\u8be5\u80a1\u7968\u7f3a\u70b9\u7684\u628a\u5173\u5c31\u53ef\u80fd\u8d8a\u677e\u61c8\u3002<\/li>\n\n\n\n<li>\u4ec0\u4e48\u65f6\u5019\u51fa\u552e\u5171\u540c\u57fa\u91d1\uff1f\u6709\u51e0\u4e2a\u786e\u5b9a\u7684\u4fe1\u53f7\uff1a\n<ol class=\"wp-block-list\">\n<li>\u4ea4\u6613\u7b56\u7565\u7a81\u7136\u53d1\u751f\u6781\u5267\u6539\u53d8\uff0c\u59822002\u5e74\u201c\u6210\u957f\u578b\u57fa\u91d1\u201d\u5927\u91cf\u4e70\u5165\u4fdd\u9669\u80a1\uff1b<\/li>\n\n\n\n<li>\u8d39\u7528\u4e0a\u5347\uff0c\u8fd9\u8bf4\u660e\u57fa\u91d1\u7ecf\u7406\u6b63\u5728\u80a5\u81ea\u5df1\u7684\u8170\u5305\uff1b<\/li>\n\n\n\n<li>\u8fc7\u5ea6\u4ea4\u6613\u5bfc\u81f4\u7ecf\u5e38\u51fa\u73b0\u5927\u91cf\u7a0e\u5355\uff1b<\/li>\n\n\n\n<li>\u7a81\u7136\u4ea7\u751f\u5f02\u5e38\u56de\u62a5\uff0c\u6bd4\u5982\u5f53\u4ee5\u524d\u7684\u7a33\u5065\u57fa\u91d1\u906d\u53d7\u5de8\u5927\u4e8f\u635f\u65f6\uff08\u6216\u8005\u5373\u4f7f\u51fa\u73b0\u60ca\u4eba\u7684\u56de\u62a5\u65f6\uff09\u3002<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u683c\u96f7\u5384\u59c6\u7684\u80a1\u7968\u9009\u62e9\u6807\u51c6\uff1a\n<ol class=\"wp-block-list\">\n<li>\u9002\u5ea6\u7684\u89c4\u6a21\uff1a\u901a\u8fc7\u8d2d\u4e70\u4e13\u95e8\u4ece\u4e8b\u5c0f\u4f01\u4e1a\u80a1\u7968\u4ea4\u6613\u7684\u5171\u540c\u57fa\u91d1\u6765\u65b9\u4fbf\u5730\u62e5\u6709\u5c0f\u4f01\u4e1a\u7684\u80a1\u4efd\uff0c\u5982\u5148\u950b\u5c0f\u4f01\u4e1a\u6307\u6570\u57fa\u91d1Vanguard Small-Cap Index\uff1b<\/li>\n\n\n\n<li>\u5f3a\u6709\u529b\u7684\u8d22\u52a1\u72b6\u51b5\uff1a\u6d41\u52a8\u8d44\u4ea7\u81f3\u5c11\u4e3a\u6d41\u52a8\u8d1f\u503a\u76842\u500d\uff1b<\/li>\n\n\n\n<li>\u5229\u6da6\u7684\u7a33\u5b9a\u6027\uff1a\u6807\u51c6\u666e\u5c14500\u6307\u6570\u7684\u6240\u6709\u516c\u53f8\uff0c\u5728\u8fc7\u53bb10\u5e74\uff081993-2002\u5e74\uff09\u4e2d\u670986%\u7684\u516c\u53f8\u6bcf\u5e74\u7684\u5229\u6da6\u90fd\u4e3a\u6b63\uff1b<\/li>\n\n\n\n<li>\u80a1\u606f\u8bb0\u5f55\uff1a\u81f3\u5c11\u670920\u5e74\u8fde\u7eed\u652f\u4ed8\u80a1\u606f\u7684\u8bb0\u5f55\uff1b<\/li>\n\n\n\n<li>\u5229\u6da6\u7684\u589e\u957f\uff1a\u8fc7\u53bb10\u5e74\u5185\uff0c\u6bcf\u80a1\u5229\u6da6\u7684\u589e\u957f\u81f3\u5c11\u8981\u8fbe\u5230\u4e09\u5206\u4e4b\u4e00\u3002\u57282003\u5e74\u521d\uff0c\u6807\u51c6\u666e\u5c14500\u6307\u6570\u4e2d\u6ee1\u8db3\u8fd9\u4e00\u6807\u51c6\u7684\u516c\u53f8\u4e0d\u5c11\u4e8e245\u5bb6\uff1b<\/li>\n\n\n\n<li>\u9002\u5ea6\u7684\u5e02\u76c8\u7387\uff1a\u5f53\u671f\u80a1\u4ef7\u4e0d\u5e94\u8be5\u9ad8\u4e8e\u8fc7\u53bb3\u5e74\u5e73\u5747\u5229\u6da6\u768415\u500d\uff1b\u5e02\u76c8\u7387\u8ba1\u7b97\u65b9\u6cd5\uff1a\u5f53\u671f\u80a1\u4ef7\u9664\u4ee5\u8fc7\u53bb\u4e09\u5e74\u7684\u5e73\u5747\u5229\u6da6\uff1b<\/li>\n\n\n\n<li>\u9002\u5ea6\u7684\u987e\u5bb6\u8d44\u4ea7\u6bd4\uff1a\u5f53\u671f\u80a1\u4ef7\u4e0d\u5e94\u8be5\u8d85\u8fc7\u6700\u540e\u62a5\u544a\u7684\u8d44\u4ea7\u8d26\u9762\u503c\u76841.5\u500d\u3002<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u4ece\u77ed\u671f\u770b\uff0c\u80a1\u7968\u5e02\u573a\u662f\u4e00\u53f0\u6295\u7968\u673a\uff1b\u4f46\u662f\uff0c\u4ece\u957f\u8fdc\u770b\uff0c\u5b83\u662f\u4e00\u53f0\u79f0\u91cd\u673a\u3002\u6700\u7ec8\u7684\u7ed3\u679c\u53d6\u51b3\u4e8e\u5229\u6da6\u3002<\/li>\n\n\n\n<li>\u5982\u679c\u4f60\u4ec5\u4ec5\u56e0\u4e3a\u80a1\u4ef7\u4e00\u76f4\u5728\u4e0a\u6da8\uff0c\u5c31\u53bb\u8d2d\u4e70\u8be5\u80a1\u7968\uff0c\u800c\u4e0d\u7ba1\u516c\u53f8\u7684\u4ef7\u503c\u662f\u5426\u5728\u589e\u52a0\uff0c\u90a3\u4e48\u4f60\u8fdf\u65e9\u4f1a\u611f\u5230\u5341\u5206\u61ca\u6094\u3002\u8fd9\u5e76\u4e0d\u662f\u6709\u53ef\u80fd\u53d1\u751f\u7684\u4e8b\uff0c\u800c\u662f\u5fc5\u7136\u5c06\u53d1\u751f\u7684\u4e8b\u3002<\/li>\n\n\n\n<li>\u5f53\u6211\u4eec\u9700\u8981\u603b\u7ed3\u51fa\u7a33\u5065\u6295\u8d44\u7684\u79d8\u5bc6\u65f6\uff0c\u53ef\u4ee5\u7528\u5b89\u5168\u8fb9\u9645\uff08margin of safety\uff09\u8fd9\u4e00\u5ea7\u53f3\u94ed\u6765\u4ee3\u8868\uff1a\n<ol class=\"wp-block-list\">\n<li>\u901a\u8fc7\u62d2\u7edd\u8d2d\u4e70\u4ef7\u683c\u8fc7\u9ad8\u7684\u8bc1\u5238\uff0c\u4f60\u5c31\u80fd\u964d\u4f4e\u8d22\u5bcc\u6d88\u5931\u6216\u7a81\u7136\u6bc1\u706d\u7684\u673a\u4f1a\u3002<\/li>\n\n\n\n<li>\u5982\u679c\u4f60\u4ee560\u7f8e\u5206\u4e70\u8fdb1\u7f8e\u5143\u7684\u4e1c\u897f\uff0c\u4f60\u627f\u53d7\u7684\u98ce\u9669\u4f1a\u6bd4\u4f60\u4ec5\u752840\u7f8e\u5206\u4e70\u8fdb\u65f6\u66f4\u5927\uff0c\u4f46\u56de\u62a5\u5374\u662f\u540e\u4e00\u79cd\u60c5\u51b5\u66f4\u9ad8\u3002\u4ef7\u503c\u7ec4\u5408\u6f5c\u5728\u7684\u56de\u62a5\u8d8a\u5927\uff0c\u5176\u98ce\u9669\u5c31\u8d8a\u5c0f\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<p>\u6295\u8d44\u4e0e\u6295\u673a\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6295\u8d44\uff1a\u6295\u8d44\u4e1a\u52a1\u662f\u4ee5\u6df1\u5165\u5206\u6790\u4e3a\u57fa\u7840\uff0c\u786e\u4fdd\u672c\u91d1\u7684\u5b89\u5168\uff0c\u5e76\u83b7\u53d6\u9002\u5f53\u7684\u56de\u62a5\uff1b\n<ul class=\"wp-block-list\">\n<li>\u5b9a\u4e49\u5206\u6790\uff1a<\/li>\n\n\n\n<li>\u4e70\u8fdb\u4e00\u76f4\u80a1\u7968\u524d\uff0c\u8981\u5bf9\u516c\u53f8\u53ca\u5176\u57fa\u7840\u4e1a\u52a1\u7684\u7a33\u59a5\u6027\u8fdb\u884c\u5f7b\u5e95\u7684\u5206\u6790\uff1b<\/li>\n\n\n\n<li>\u5fc5\u9700\u7ec6\u5fc3\u4fdd\u62a4\u81ea\u5df1\uff0c\u4ee5\u514d\u906d\u53d7\u91cd\u5927\u7684\u635f\u5931\uff1b<\/li>\n\n\n\n<li>\u53ea\u80fd\u671f\u671b\u83b7\u53d6\u201c\u9002\u5f53\u7684\u201d\u4e1a\u7ee9\uff0c\u4e0d\u8981\u671f\u671b\u8fc7\u9ad8<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u6295\u673a\uff1a\u4e0d\u6ee1\u8db3\u4e0a\u9762\u6761\u4ef6\u7684\u4e1a\u52a1\uff0c\u5c31\u662f\u6295\u673a\uff1b<\/li>\n\n\n\n<li>\u533a\u522b\uff1a\u6295\u8d44\u8005\u662f\u4e3a\u81ea\u5df1\u8d5a\u94b1\uff0c\u6295\u673a\u8005\u662f\u4e3a\u7ecf\u7eaa\u4eba\u8d5a\u94b1\uff1b<\/li>\n<\/ul>\n\n\n\n<p>\u672a\u6765\u7684\u8bc1\u5238\u4ef7\u683c\uff0c\u65e0\u6cd5\u9884\u6d4b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6bd4\u5982\u5728\u7f8e\u56fd\uff0c1964\u5e74\u6301\u6709\u201c\u73b0\u91d1\u7b49\u4ef7\u7269\u201d\uff0c\u4f1a\u6bd4\u6301\u6709\u80a1\u7968\u83b7\u5f97\u66f4\u597d\u7684\u56de\u62a5\uff1b\uff08\u4f46\u7406\u8bba\u4e0a\uff0c\u901a\u8d27\u81a8\u80c0\u65f6\u6301\u6709\u80a1\u7968\u6bd4\u6301\u6709\u73b0\u91d1\u66f4\u6709\u5229\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u6362\u624b\u7387\u548c\u5e73\u5747\u6301\u80a1\u65f6\u95f4\u7684\u5173\u7cfb\uff1f<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5b9a\u4e49\uff1a\n<ul class=\"wp-block-list\">\n<li>\u6362\u624b\u7387=\u67d0\u4e00\u6bb5\u65f6\u671f\u5185\u7684\u6210\u4ea4\u91cf\/\u53d1\u884c\u603b\u80a1\u6570\u00d7100%\uff08\u5728\u4e2d\u56fd\uff1a\u6210\u4ea4\u91cf\/\u6d41\u901a\u80a1\u672c\u00d7100%\uff09<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u793a\u4f8b\uff1a\n<ul class=\"wp-block-list\">\n<li>\u6362\u624b\u738720%\uff0c\u80a1\u4e1c\u5e73\u5747\u6301\u80a1\u65f6\u95f4\u4e3a5\u5e74\uff1b<\/li>\n\n\n\n<li>\u6362\u624b\u7387105%\uff0c\u5e73\u5747\u6301\u80a1\u65f6\u95f4\u4e3a11.4\u4e2a\u6708<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>\u5173\u4e8e\u6295\u8d44\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5982\u679c\u53d1\u73b0\u4e00\u5e74\u5185\u4ea4\u6613\u7684\u6b21\u6570\u8d85\u8fc7\u4e862\u6b21\uff0c\u6216\u8005\u6bcf\u6708\u4e3a\u81ea\u5df1\u7684\u80a1\u7968\u6295\u8d44\u8bdd\u8d39\u7684\u65f6\u95f4\u8d85\u8fc7\u4e861-2\u4e2a\u5c0f\u65f6\uff0c\u5c31\u8bf4\u660e\u6709\u4e9b\u5730\u65b9\u51fa\u95ee\u9898\u4e86\uff1b\u4e0d\u8981\u8ba9\u4e92\u8054\u7f51\u5e26\u7ed9\u4f60\u7684\u8f7b\u677e\u548c\u53ca\u65f6\u7684\u611f\u89c9\uff0c\u662f\u4f60\u6ca6\u4e3a\u4e00\u4e2a\u6295\u673a\u8005\uff1b\u9632\u5fa1\u578b\u6295\u8d44\u8005\u662f\u9760\u51b7\u9759\u548c\u8010\u5fc3\u6210\u4e3a\u6700\u540e\u8d62\u5bb6\u7684\u3002<\/li>\n\n\n\n<li>\u6295\u8d44\u6bd4\u4f8b\uff1a3\uff1a1\uff1a1\uff08\u56fd\u5185\u6307\u6570\u57fa\u91d1\uff1aQDII\uff1a\u503a\u5238\u57fa\u91d1\u6bd4\u4f8b\uff09\n<ul class=\"wp-block-list\">\n<li>\u5047\u8bbe\u6bcf\u6708\u7ed3\u4f59500\u5143\uff0c\u53ef\u4ee5\u501f\u52a9\u7f8e\u5143\u6210\u672c\u5e73\u5747\u6cd5\uff0c\u62e5\u6709\u4e09\u53ea\u6307\u6570\u57fa\u91d1\uff1a\n<ul class=\"wp-block-list\">\n<li>300\u7f8e\u5143\u6295\u8d44\u80a1\u7968\u5e02\u573a\u6307\u6570\u57fa\u91d1\uff1b<\/li>\n\n\n\n<li>100\u7f8e\u5143\u6295\u8d44\u5916\u56fd\u80a1\u7968\u6307\u6570\u57fa\u91d1\uff1b<\/li>\n\n\n\n<li>100\u7f8e\u5143\u6295\u8d44\u503a\u5238\u5e02\u573a\u6307\u6570\u57fa\u91d1\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u8fd9\u6837\u5c31\u53ef\u4ee5\u786e\u4fe1\u56ca\u62ec\u8fd9\u4e2a\u661f\u7403\u4e0a\u51e0\u4e4e\u6240\u6709\u503c\u62e5\u6709\u7684\u6295\u8d44\u4e86<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>\u5173\u4e8e\u6210\u957f\u80a1\u6295\u8d44\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6210\u957f\u80a1\u5b9a\u4e49\uff1a\u4e0d\u4ec5\u8fc7\u53bb\u7684\u4e1a\u7ee9\u8d85\u8fc7\u4e86\u5e73\u5747\u6c34\u5e73\uff0c\u800c\u4e14\u9884\u8ba1\u5c06\u6765\u4e5f\u5982\u6b64\uff1b<\/li>\n\n\n\n<li>\u6295\u8d44\u65b9\u5f0f\uff1a\u4ece\u7ecf\u7eaa\u4eba\u54ea\u91cc\u83b7\u5f9750\u5bb6\u6216\u8005100\u5bb6\u8fd9\u6837\u7684\u516c\u53f8\uff1b\n<ul class=\"wp-block-list\">\n<li>\u9009\u62e950-100\u5bb6\uff0c\u539f\u56e0\uff1a\n<ul class=\"wp-block-list\">\n<li>\u4e1a\u7ee9\u8bb0\u5f55\u597d\uff0c\u800c\u4e14\u770b\u4e0a\u53bb\u6709\u524d\u9014\u7684\u666e\u901a\u80a1\uff0c\u4ef7\u683c\u5f88\u9ad8\uff1b<\/li>\n\n\n\n<li>\u5bf9\u672a\u6765\u7684\u5224\u65ad\u6709\u53ef\u80fd\u662f\u9519\u7684\uff0c\u4e00\u822c\u60c5\u51b5\u4e0b\uff0c\u516c\u53f8\u7684\u5feb\u901f\u589e\u957f\u4e0d\u53ef\u80fd\u6c38\u4e45\u6301\u7eed\u4e0b\u53bb\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u4e0e\u4e00\u822c\u7684\u666e\u901a\u80a1\u6295\u8d44\u76f8\u6bd4\uff0c\u5bf9\u6210\u957f\u578b\u516c\u53f8\u80a1\u7968\u7684\u5206\u6563\u6295\u8d44\uff0c\u5e76\u4e0d\u80fd\u5e26\u6765\u4f18\u5f02\u7684\u56de\u62a5\uff1b\u6240\u4ee5<strong>\u6ca1\u5fc5\u8981\u8fdb\u884c\u6210\u957f\u80a1\u6295\u8d44<\/strong>\uff1b\uff08\u4e0d\u53ef\u80fd\u667a\u529b\u4e00\u822c\u7684\u6295\u8d44\u8005\uff0c\u8d2d\u4e70\u6210\u957f\u80a1\u7684\u7ed3\u679c\uff0c\u4f1a\u597d\u4e8e\u4e13\u95e8\u5728\u8fd9\u4e00\u9886\u57df\u6295\u8d44\u7684\u57fa\u91d1\u516c\u53f8\uff09<\/li>\n\n\n\n<li>\u6295\u8d44\u6bd4\u4f8b\uff1a\n<ul class=\"wp-block-list\">\n<li>\u9632\u5fa1\u578b\u6295\u8d44\u8005\u80a1\u7968\u8d2d\u4e70\u4ef7\u7684\u4e0a\u9650\u662f\uff1a\u8fc7\u53bb7\u5e74\u5e73\u5747\u5229\u6da6\u768425\u500d\uff1b\n<ul class=\"wp-block-list\">\n<li>\u52a0\u5165\u8fc7\u53bb7\u5e74\u7684\u5e73\u5747\u5229\u6da6\u662f\u6bcf\u80a13\u7f8e\u5143\uff0c\u90a3\u4e48\u8d2d\u4e70\u80a1\u4ef7\u7684\u4e0a\u9650\u662f\uff1a3*25=75\u7f8e\u5143\uff08\u53ef\u4ee5\u7406\u89e3\u4e3a\u5e02\u76c8\u738725\uff09<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>\u63a8\u83503\u4e2a\u53ef\u4ee5\u201c\u79ef\u6781\u6295\u8d44\u201d\u7684\u9886\u57df<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5fc5\u5907\u6761\u4ef6\uff1a\n<ul class=\"wp-block-list\">\n<li>\u5fc5\u987b\u80fd\u591f\u8fbe\u5230\u57fa\u672c\u7a33\u5065\u6240\u8981\u6c42\u7684\u7684\u5ba2\u89c2\u6216\u5408\u7406\u6807\u51c6\uff1b<\/li>\n\n\n\n<li>\u5fc5\u9700\u6709\u522b\u4e8e\u5927\u591a\u6570\u6295\u8d44\u8005\u6216\u8005\u6295\u673a\u8005\u6240\u91c7\u53d6\u7684\u7684\u7b56\u7565\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u9886\u57df\uff1a\n<ul class=\"wp-block-list\">\n<li>\u4e0d\u592a\u53d7\u6b22\u8fce\u7684\u5927\u516c\u53f8\uff1b\n<ul class=\"wp-block-list\">\n<li>\u8d2d\u4e70\u9053\u743c\u65af\u5de5\u4e1a\u5e73\u5747\u6307\u6570\u4e2d\u6700\u5ec9\u4ef7\u80a1\u7968\u7684\u7b56\u7565\uff0c\u88ab\u79f0\u4e3a\u201c\u9053\u6c0f\u5931\u5ba0\u80a1\u201d\u6295\u8d44\u6cd5\uff1b<\/li>\n\n\n\n<li>\u53ef\u4ee5\u901a\u8fc7&nbsp;<a href=\"https:\/\/link.zhihu.com\/?target=http%3A\/\/www.djindexes.com\/jsp\/dow510Fag.jsp\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/www.djindexes.com\/jsp\/dow510Fag.jsp<\/a>&nbsp;\u67e5\u8be2<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u8d2d\u4e70\u5ec9\u4ef7\u8bc1\u5238\uff08P128\uff09\n<ul class=\"wp-block-list\">\n<li>\u5b9a\u4e49\uff1a\u6839\u636e\u5206\u6790\u786e\u7acb\u7684\u4e8b\u5b9e\uff0c\u8bc1\u5238\u7684\u4ef7\u503c\u5927\u5927\u9ad8\u4e8e\u5176\u552e\u4ef7\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u9009\u80a1\uff1a\n<ul class=\"wp-block-list\">\n<li>\u7406\u60f3\u72b6\u6001\uff1a\u516c\u53f8\u80a1\u4ef7\uff0c\u65e2\u5927\u5927\u4f4e\u4e8e\u8fc7\u53bb\u7684\u5e73\u5747\u4ef7\uff0c\u53c8\u5927\u5927\u4f4e\u4e8e\u8fc7\u53bb\u5e73\u5747\u7684\u5e02\u76c8\u7387\uff1b<\/li>\n\n\n\n<li>\u8fc7\u53bb10\u5e74\u6216\u66f4\u957f\u65f6\u95f4\u5185\u7684\u5229\u6da6\uff0c\u81f3\u5c11\u5177\u6709\u8f83\u597d\u7684\u7a33\u5b9a\u6027\uff08\u6ca1\u6709\u5229\u6da6\u8d64\u5b50\u7684\u5e74\u4efd\uff09<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u4e8c\u7c7b\u4f01\u4e1a\u5ec9\u4ef7\u8bc1\u5238\uff1a\n<ul class=\"wp-block-list\">\n<li>\u4e8c\u7c7b\u4f01\u4e1a\u5b9a\u4e49\uff1a\u6ca1\u6709\u5728\u91cd\u8981\u884c\u4e1a\u4e2d\u5360\u636e\u9886\u5bfc\u5730\u4f4d\u7684\u4f01\u4e1a\uff1b\uff08\u901a\u5e38\u662f\u81ea\u5df1\u9886\u57df\u7684\u4e00\u4e9b\u5c0f\u4f01\u4e1a\uff0c\u540c\u6837\u4e5f\u5305\u542b\u975e\u91cd\u70b9\u4e1a\u52a1\u9886\u57df\u7684\u4e00\u4e9b\u91cd\u8981\u4f01\u4e1a\uff09<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>\u6295\u8d44\u5efa\u8bae\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5b9a\u4f4d\uff1a\u9009\u62e9\u9632\u5fa1\u578b\uff08\u88ab\u52a8\uff09\u6295\u8d44\u8005\uff0c\u8fd8\u662f\u8fdb\u53d6\u578b\uff08\u79ef\u6781\uff09\u6295\u8d44\u8005\uff1f<\/li>\n\n\n\n<li>\u79ef\u6781\u6295\u8d44\u8005\u9700\u8981\u5177\u5907\u6761\u4ef6\uff1a\n<ul class=\"wp-block-list\">\n<li>\u62e5\u6709\u5927\u91cf\u7684\u8bc1\u5238\u80a1\u4ef7\u77e5\u8bc6\uff0c\u624d\u80fd\u5c06\u81ea\u5df1\u7684\u8bc1\u5238\u4e1a\u52a1\u770b\u6210\u4e00\u79cd\u4e8b\u4e1a\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u89d2\u8272\u9009\u62e9\u6ce8\u610f\uff1a\n<ul class=\"wp-block-list\">\n<li>\u88ab\u52a8\u548c\u4e3b\u52a8\u4e4b\u95f4\uff0c\u4e0d\u5b58\u5728\u4e00\u79cd\u6216\u4e00\u7cfb\u5217\u4e2d\u95f4\u6982\u5ff5\uff1b<\/li>\n\n\n\n<li>\u8fd9\u79cd\u6298\u8877\u6001\u5ea6\uff0c\u53ef\u80fd\u5e26\u6765\u7684\u662f\u5931\u671b\u7684\u7ed3\u679c\u3002<\/li>\n\n\n\n<li>\u7ed3\u8bba\uff1a\u8981\u660e\u786e\u81ea\u5df1\u7684\u89d2\u8272\uff0c\u4e0d\u8981\u5de6\u53f3\u6447\u6446\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u9009\u62e9\u9632\u5fa1\u578b\u6295\u8d44\u8005\uff1a\n<ul class=\"wp-block-list\">\n<li>\u6ca1\u6709\u65f6\u95f4\u3001\u51b3\u65ad\u529b\u548c\u7cbe\u529b\uff0c\u6765\u50cf\u7ecf\u8425\u4f01\u4e1a\u90a3\u6837\u4ece\u4e8b\u6295\u8d44\u6d3b\u52a8\uff1b<\/li>\n\n\n\n<li>\u5e94\u8be5\u6ee1\u8db3\u4e8e\u4ece\u9632\u5fa1\u578b\u7ec4\u5408\u4e2d\u83b7\u53d6\u7684\u56de\u62a5\uff1b<\/li>\n\n\n\n<li>\u5e94\u8be5\u575a\u5b9a\u5730\u5730\u5740\u4e0d\u65ad\u51fa\u73b0\u7684\u8bf1\u60d1\uff1a\u4e3a\u4e86\u589e\u52a0\u56de\u62a5\uff0c\u800c\u504f\u79bb\u5230\u5176\u4ed6\u9053\u8def\u4e0a\u53bb\u7684\u8bf1\u60d1\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u9632\u5fa1\u578b\u6295\u8d44\u8005\u7684\u8981\u6c42\uff1a\n<ul class=\"wp-block-list\">\n<li>\u57fa\u672c\u5b89\u5168\u6027<\/li>\n\n\n\n<li>\u9009\u62e9\u65b9\u6cd5\u7b80\u5355\uff1b<\/li>\n\n\n\n<li>\u6709\u53ef\u80fd\u83b7\u5f97\u6ee1\u610f\u7684\u7ed3\u679c\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u9632\u5fa1\u578b\u6295\u8d44\u8005\u5efa\u8bae\uff1a\n<ul class=\"wp-block-list\">\n<li>\u4e0d\u8981\u201c\u5168\u4ef7\u201d\u8d2d\u4e70\u4e09\u7c7b\u8bc1\u5238\uff1a\u5916\u56fd\u503a\u5238\u3001\u4e00\u822c\u7684\u4f18\u5148\u80a1\u3001\u4e8c\u7c7b\u666e\u901a\u80a1\uff1b\n<ul class=\"wp-block-list\">\n<li>\u5386\u53f2\u6570\u636e\u8868\u660e\uff0c\u4e8c\u7c7b\u8bc1\u5238\u4f1a\u56f4\u7ed5\u67d0\u4e00\u4e2d\u5fc3\u6c34\u5e73\uff08\u5927\u5927\u4f4e\u4e8e\u5176\u516c\u5141\u4ef7\u503c\uff09\u800c\u6ce2\u52a8\uff1b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u201c\u5168\u4ef7\u201d\u5b9a\u4e49\uff1a\u6307\u63a5\u8fd1\u4e8e\u503a\u5238\u548c\u4f18\u5148\u80a1\u9762\u503c\u7684\u4ef7\u683c\uff0c\u6216\u5927\u7ea6\u76f8\u5f53\u4e8e\u4f01\u4e1a\u516c\u5141\u4ef7\u503c\u7684\u666e\u901a\u4ef7\u683c\uff1b<\/li>\n\n\n\n<li>\u201c\u5ec9\u4ef7\u201d\u5b9a\u4e49\uff1a\u4ef7\u683c\u4e0d\u8d85\u8fc7\u8bc1\u5238\u8bc4\u4f30\u4ef7\u683c\u7684\u4e09\u5206\u4e4b\u4e8c\uff1b<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>\u7f51\u7ad9\u8d44\u6599\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5bfb\u627e\u8fc7\u53bb\u4e00\u5e74\u4ee5\u6765\uff0c\u4ef7\u683c\u8fbe\u5230\u65b0\u7684\u6700\u4f4e\u6c34\u5e73\u7684\u80a1\u7968\u3002&nbsp;<a href=\"https:\/\/link.zhihu.com\/?target=http%3A\/\/quote.morningstar.com\/highlow.html%3Fmsection%3DHighLow\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/quote.morningstar.com\/highlow.html?msection=HighLow<\/a><\/li>\n\n\n\n<li>\u4e86\u89e3\u4e00\u79cd\u80a1\u7968\u552e\u4ef7\u662f\u5426\u4f4e\u4e8e\u51c0\u8fd0\u8425\u8d44\u672c\uff1a\u516c\u53f8\u7f51\u7ad9\u6216\u8005 EDGAR\u6570\u636e\u5e93\uff1a&nbsp;<a href=\"https:\/\/link.zhihu.com\/?target=http%3A\/\/www.sec.gov\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/www.sec.gov<\/a><\/li>\n\n\n\n<li>\u4ef7\u503c\u7ebf\u6295\u8d44\u8c03\u67e5<\/li>\n<\/ul>\n\n\n\n<p>\u4ea4\u6613\u5efa\u8bae\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e0d\u8981\u5c06\u9e21\u86cb\u653e\u5728\u4e00\u4e2a\u7bee\u5b50\u91cc\uff1b<\/li>\n\n\n\n<li>\u6295\u8d44\u4e00\u4e9b\u5916\u56fd\u80a1\u7968<\/li>\n<\/ul>\n\n\n\n<p>\u83b7\u5229\u65b9\u5f0f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u62e9\u65f6\u65b9\u6cd5\uff1a\u5373\u9884\u6d4b\u80a1\u5e02<\/li>\n\n\n\n<li>\u4f30\u4ef7\u65b9\u6cd5\uff1a\u5c3d\u529b\u505a\u5230\uff0c\u80a1\u7968\u62a5\u4ef7\u4f4e\u4e8e\u5176\u516c\u5141\u4ef7\u503c\u65f6\u4e70\u5165\uff0c\u9ad8\u4e8e\u516c\u5141\u4ef7\u503c\u65f6\u5356\u51fa\uff1b<\/li>\n<\/ul>\n\n\n\n<p>\u91c7\u7528\u673a\u68b0\u6295\u8d44\u65b9\u5f0f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5373\u4f7f\u662f\u806a\u660e\u7684\u6295\u8d44\u8005\uff0c\u4e5f\u9700\u8981\u5f88\u5f3a\u7684\u610f\u5fd7\u529b\u6765\u963b\u6b62\u81ea\u5df1\u7684\u4ece\u4f17\u884c\u4e3a\uff1b<\/li>\n\n\n\n<li>\u51fa\u4e8e\u5bf9\u4eba\u6027\u7684\u8003\u8651\uff0c\u4e3b\u5f20\u5728\u6295\u8d44\u8005\u7684\u8bc1\u5238\u7ec4\u5408\u4e2d\u91c7\u7528\u67d0\u79cd\u673a\u68b0\u7684\u65b9\u6cd5\uff0c\u8c03\u6574\u503a\u5238\u4e0e\u80a1\u7968\u4e4b\u95f4\u7684\u6bd4\u91cd\uff1b<\/li>\n\n\n\n<li>\u968f\u7740\u80a1\u7968\u7684\u4e0a\u5347\uff0c\u8981\u4e0d\u65ad\u7684\u51fa\u552e\u6301\u6709\u7684\u80a1\u7968\uff0c\u5e76\u5c06\u83b7\u5229\u6295\u5165\u5230\u503a\u5238\u4e2d\uff1b<\/li>\n\n\n\n<li>\u5e02\u573a\u4e0b\u964d\u65f6\uff0c\u91c7\u53d6\u76f8\u53cd\u7684\u505a\u6cd5\uff1b<\/li>\n<\/ul>\n\n\n\n<p>\u7a33\u5065\u7684\u6295\u8d44\u7ec4\u5408\u8981\u6c42\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u96c6\u4e2d\u8d2d\u4e70\uff0c\u552e\u4ef7\u80fd\u591f\u8f83\u597d\u7684\u63a5\u8fd1\u4e8e\u516c\u53f8\u6709\u5f62\u8d44\u4ea7\u4ef7\u503c\u7684\u80a1\u7968\uff0c\u6bd4\u5982\uff0c\u9ad8\u4e8e\u6709\u5f62\u8d44\u4ea7\u4ef7\u503c\u7684\u90e8\u5206\uff0c\u4e0d\u8d85\u8fc7\u4e09\u5206\u4e4b\u4e00\uff1b<\/li>\n\n\n\n<li>\u5408\u7406\u7684\u5e02\u76c8\u7387\uff1b<\/li>\n\n\n\n<li>\u8db3\u591f\u5f3a\u6709\u529b\u7684\u8d22\u52a1\u4f4e\u4f4d\uff1b<\/li>\n\n\n\n<li>\u4eca\u540e\u51e0\u5e74\u5185\u7684\u5229\u6da6\u81f3\u5c11\u4e0d\u4f1a\u4e0b\u964d\uff1b<\/li>\n<\/ul>\n\n\n\n<p>A&amp;P\u516c\u53f8\u7ecf\u5386\u5e26\u6765\u7684\u6559\u8bad\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u80a1\u5e02\u4f1a\u51fa\u73b0\u4e25\u91cd\u7684\u9519\u8bef\uff0c\u654f\u9510\u548c\u5927\u80c6\u7684\u6295\u8d44\u8005\u6709\u65f6\u5019\u53ef\u4ee5\u5229\u7528\u5176\u660e\u663e\u5b58\u5728\u7684\u9519\u8bef\uff1b<\/li>\n\n\n\n<li>\u5927\u591a\u6570\u4f01\u4e1a\u7684\u7279\u70b9\u548c\u7ecf\u8425\u8d28\u91cf\u4f1a\u968f\u7740\u65f6\u95f4\u7684\u53d8\u5316\u800c\u53d8\u5316\uff0c\u6709\u65f6\u5019\u4f1a\u53d8\u597d\uff0c\u4f46\u66f4\u591a\u7684\u60c5\u51b5\u4e0b\u662f\u53d8\u5f97\u66f4\u574f\uff1b<\/li>\n<\/ul>\n\n\n\n<p>\u771f\u6b63\u7684\u6295\u8d44\u8005\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u771f\u6b63\u7684\u6295\u8d44\u8005\u4e0d\u4f1a\u88ab\u8feb\u51fa\u552e\u81ea\u5df1\u7684\u80a1\u4efd\uff0c\u800c\u4e14\u7edd\u5927\u591a\u6570\u65f6\u95f4\u91cc\uff0c\u90fd\u4e0d\u7406\u4f1a\u5f53\u671f\u7684\u80a1\u4ef7\uff1b<\/li>\n\n\n\n<li>\u5173\u6ce8\u80a1\u7968\u548c\u91c7\u53d6\u4e00\u4e9b\u884c\u52a8\uff0c\u4ec5\u4ec5\u662f\u4e3a\u4e86\u4f7f\u5176\u9002\u5408\u4e8e\u81ea\u5df1\u7684\u8d26\u518c\uff0c\u5e76\u6ca1\u6709\u5176\u4ed6\u76ee\u7684\uff1b<\/li>\n\n\n\n<li>\u53cd\u4f8b\uff1a\u5982\u679c\u6295\u8d44\u8005\u56e0\u4e3a\u81ea\u5df1\u6240\u6301\u8bc1\u5238\u5e02\u573a\u4ef7\u683c\u4e0d\u5408\u7406\u7684\u4e0b\u8dcc\u800c\u76f2\u76ee\u8ddf\u98ce\uff0c\u90a3\u4e48\u5c31\u628a\u57fa\u672c\u4f18\u52bf\u53d8\u6210\u4e86\u57fa\u672c\u52a3\u52bf\uff1b<\/li>\n\n\n\n<li>\u4ef7\u683c\u6ce2\u52a8\u5bf9\u771f\u6b63\u7684\u6295\u8d44\u8005\uff0c\u53ea\u6709\u4e00\u4e2a\u91cd\u8981\u542b\u4e49\uff1a\u5373\u4f7f\u6295\u8d44\u8005\u6709\u673a\u4f1a\u5728\u4ef7\u683c\u5927\u5e45\u4e0b\u8dcc\u65f6\u505a\u51fa\u7406\u667a\u7684\u8d2d\u4e70\u51b3\u7b56\uff1b\u540c\u65f6\u6709\u673a\u4f1a\u5728\u4ef7\u683c\u5927\u5e45\u4e0a\u5347\u65f6\u505a\u51fa\u7406\u667a\u7684\u629b\u552e\u51b3\u7b56\uff1b<\/li>\n\n\n\n<li>\u5176\u4ed6\u65f6\u95f4\uff0c\u5e94\u8be5\u5fd8\u8bb0\u80a1\u5e02\uff0c\u5173\u6ce8\u81ea\u5df1\u7684\u80a1\u606f\u56de\u62a5\u548c\u4f01\u4e1a\u7684\u7ecf\u8425\u7ed3\u679c\uff1b<\/li>\n<\/ul>\n\n\n\n<p>\u603b\u7ed3\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6295\u8d44\u8005\u548c\u6295\u673a\u8005\u4e4b\u95f4\u7684\u533a\u522b\uff1a\u5728\u4e8e\u4ed6\u4eec\u5bf9\u5f85\u80a1\u5e02\u53d8\u5316\u7684\u6001\u5ea6\uff1b<\/li>\n\n\n\n<li>\u6295\u673a\u8005\u7684\u5174\u8da3\u5728\u4e8e\uff0c\u9884\u6d4b\u5e02\u573a\u6ce2\u52a8\uff0c\u4ece\u4e2d\u83b7\u5229\uff1b<\/li>\n\n\n\n<li>\u6295\u8d44\u8005\u7684\u5174\u8da3\u5728\u4e8e\uff0c\u6309\u7167\u5408\u9002\u7684\u4ef7\u683c\u8d2d\u4e70\u5e76\u6301\u6709\u5408\u9002\u7684\u8bc1\u5238\uff1b<\/li>\n<\/ul>\n\n\n\n<p>\u57fa\u672c\u4f18\u52bf\uff1a\u806a\u660e\u7684\u6295\u8d44\u8005\u5b8c\u5168\u53ef\u4ee5\u81ea\u7531\u9009\u62e9\u662f\u5426\u53bb\u8ffd\u968f\u5e02\u573a\u5148\u751f\uff0c\u4eab\u6709\u72ec\u7acb\u601d\u8003\u7684\u6743\u5229\uff1b<\/p>\n\n\n\n<p>\u57fa\u91d1\u6295\u8d44\uff08\u8fd9\u91cc\u6307\u7684\u5e94\u8be5\u90fd\u662f<strong>\u4e3b\u52a8\u578b\u57fa\u91d1<\/strong>\uff09\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6709\u5f88\u5f3a\u7684\u8bc1\u636e\u8868\u660e\uff0c\u89c4\u6a21\u8f83\u5c0f\u662f\u6301\u7eed\u83b7\u5f97\u4f18\u5f02\u7ed3\u679c\u7684\u4e00\u4e2a\u5fc5\u8981\u56e0\u7d20\uff1b\uff08\u89c4\u6a21\u8f83\u5c0f\uff1a1970\u5e74\u5de6\u53f3\uff0c\u7f8e\u56fd\u57fa\u91d1\u7684\u8fd9\u4e2a\u6570\u503c\u4e3a6000\u4e07\u7f8e\u5143\uff09<\/li>\n\n\n\n<li>\u5b8c\u5168\u51ed\u501f\u8fc7\u53bb\u7684\u4e1a\u7ee9\u6765\u8d2d\u4e70\u57fa\u91d1\u7684\u884c\u4e3a\uff0c\u662f\u6295\u8d44\u8005\u6240\u505a\u7684\u6700\u611a\u8822\u7684\u884c\u4e3a\u4e4b\u4e00\uff1b<\/li>\n\n\n\n<li>\u57fa\u91d1\u7684\u51e0\u4e2a\u7279\u70b9\uff1a\n<ul 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class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>\u53d1\u5e03\u4e8e 2021-04-05 22:02<br>https:\/\/zhuanlan.zhihu.com\/p\/362472844<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u82b1\u4e863\u5468\u7684\u65f6\u95f4\uff0c\u7ec8\u4e8e\u5c06\u8fd9\u672c\u7ecf\u5178\u4e66\u7c4d\u770b\u5b8c\u4e86\u3002 \u770b\u5b8c\u540e\uff0c\u5370\u8c61\u6bd4\u8f83\u6df1\u7684\u51e0\u4e2a\u70b9\uff1a \u6295\u8d44\u4e0e\u6295\u673a\uff1a \u672a\u6765\u7684\u8bc1\u5238\u4ef7\u683c\uff0c\u65e0\u6cd5\u9884 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