{"id":13046,"date":"2022-02-13T17:37:08","date_gmt":"2022-02-13T09:37:08","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=13046"},"modified":"2025-05-28T09:15:05","modified_gmt":"2025-05-28T01:15:05","slug":"%e8%91%9b%e5%85%ab%e5%85%88%e7%94%9f%e5%b0%8d%e5%83%b9%e6%a0%bc%e5%92%8c%e5%81%9c%e6%90%8d%e7%9a%84%e7%b2%be%e5%bd%a9%e7%9c%8b%e6%b3%95","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/02\/13\/%e8%91%9b%e5%85%ab%e5%85%88%e7%94%9f%e5%b0%8d%e5%83%b9%e6%a0%bc%e5%92%8c%e5%81%9c%e6%90%8d%e7%9a%84%e7%b2%be%e5%bd%a9%e7%9c%8b%e6%b3%95\/","title":{"rendered":"\u845b\u516b\u5148\u751f\u5c0d\u50f9\u683c\u548c\u505c\u640d\u7684\u7cbe\u5f69\u770b\u6cd5"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/02\/13\/%e8%91%9b%e5%85%ab%e5%85%88%e7%94%9f%e5%b0%8d%e5%83%b9%e6%a0%bc%e5%92%8c%e5%81%9c%e6%90%8d%e7%9a%84%e7%b2%be%e5%bd%a9%e7%9c%8b%e6%b3%95\/#%E7%B7%A3%E7%94%B1\" >\u7de3\u7531<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/02\/13\/%e8%91%9b%e5%85%ab%e5%85%88%e7%94%9f%e5%b0%8d%e5%83%b9%e6%a0%bc%e5%92%8c%e5%81%9c%e6%90%8d%e7%9a%84%e7%b2%be%e5%bd%a9%e7%9c%8b%e6%b3%95\/#%E7%9B%B8%E9%97%9C%E7%9A%84%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u7684\u6587\u7ae0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/02\/13\/%e8%91%9b%e5%85%ab%e5%85%88%e7%94%9f%e5%b0%8d%e5%83%b9%e6%a0%bc%e5%92%8c%e5%81%9c%e6%90%8d%e7%9a%84%e7%b2%be%e5%bd%a9%e7%9c%8b%e6%b3%95\/#%E2%80%98%E5%83%B9%E6%A0%BC%E5%92%8C%E5%81%9C%E6%90%8D%E7%9A%84%E5%8E%9F%E6%96%87\" >&#8216;\u50f9\u683c\u548c\u505c\u640d&#8217;\u7684\u539f\u6587<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/02\/13\/%e8%91%9b%e5%85%ab%e5%85%88%e7%94%9f%e5%b0%8d%e5%83%b9%e6%a0%bc%e5%92%8c%e5%81%9c%e6%90%8d%e7%9a%84%e7%b2%be%e5%bd%a9%e7%9c%8b%e6%b3%95\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B7%A3%E7%94%B1\"><\/span>\u7de3\u7531<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>\u845b\u516b\u5148\u751f\u539f\u6587\u4e2d\u6709\u6709\u89e3\u91cb\u9019\u5bb6\u516c\u53f8\u662f\u6ce2\u514b\u590f\uff0c\u4f46\u6211\u5728\u6628\u65e5\u7de8\u8f2f\u6642\uff0c\u56e0\u70ba\u758f\u5931\uff0c\u5c11\u653e\u4e86\u4e86\u5169\u5c0f\u6bb5(\u9019\u5be6\u5728\u4e0d\u53ef\u539f\u8ad2)\u3002\u7e3d\u4e4b\u5728\u6b64\u5411\u845b\u516b\u5148\u751f\u516c\u958b\u8868\u793a\u6b49\u610f\uff0c\u4e5f\u5c0d\u5176\u5b83\u8b80\u8005\u8868\u793a\u5c0d\u4e0d\u8d77\uff0c\u90fd\u662f\u6211\u7684\u904e\u5931<\/em><\/strong>\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E7%9A%84%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u7684\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>\u6211\u5148\u524d\u7684\u6587\u7ae0<span style=\"font-size: revert;\">\u300a<\/span><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/29\/%e5%83%b9%e6%a0%bc%e5%92%8c%e5%83%b9%e5%80%bc%e7%9a%84%e8%aa%a4%e8%a7%a3\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u50f9\u683c\u548c\u50f9\u503c\u7684\u8aa4\u89e3<\/a><span style=\"font-size: revert;\">\u300b<\/span> <\/em><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%98%E5%83%B9%E6%A0%BC%E5%92%8C%E5%81%9C%E6%90%8D%E7%9A%84%E5%8E%9F%E6%96%87\"><\/span>&#8216;\u50f9\u683c\u548c\u505c\u640d&#8217;\u7684\u539f\u6587<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6709\u4e00\u5bb6\u516c\u53f8\uff0c\u9019\u5bb6\u516c\u53f8\u5728 1973 \u5230 1975 \u80a1\u50f9\u6389\u4e86 60%\uff0c1987 \u5e74\u7684\u5341\u6708\u8dcc\u6389\u4e86 40%\uff0c1998 \u5e74\u5230 2000 \u5e74\u6389\u4e86 50%\uff0c2008 \u5e74\u5230 2009 \u5e74\u53c8\u6389\u4e86 51%\u3002\u5982\u679c\u4f60\u8981\u8aaa\uff0c1973, 1987, 2008 \u9019\u4e09\u6b21\u90fd\u662f\u80a1\u707d\uff0c\u7576\u7136\u6240\u6709\u516c\u53f8\u80a1\u7968\u90fd\u6703\u8dcc\uff0c\u4e0d\u7b97\u3002\u4f46\u662f 1998 \u5e74\u9019\u6b21\uff0c\u7576\u5176\u4ed6\u516c\u53f8\u80a1\u7968\u300c\u50f9\u683c\u300d\u98db\u6f32\u6642\uff0c\u4ed6\u537b\u7368\u81ea\u843d\u5bde\u7684\u80a1\u50f9\u8170\u65ac\u3002\u9019\u5bb6\u516c\u53f8\uff0c\u4f60\u8981\u4e0d\u8981\u505c\u640d\uff1f<\/p>\n\n\n\n<p>\u5982\u679c\u845b\u516b\u544a\u8a34\u4f60\uff0c\u9019\u5bb6\u516c\u53f8 50 \u5e74\u7684\u80a1\u6771\u5831\u916c\u7387\u7684 CAGR \u662f 21% \u5f8c\uff0c\u6709\u4e86\u9019\u9805\u8cc7\u8a0a\u5f8c\uff0c\u5927\u6982\u4f60\u5c31\u4e0d\u6703\u505c\u640d\u4e86\u3002\u6c92\u932f\uff0c\u9019\u5bb6\u516c\u53f8\u5c31\u662f Berkshire Hathaway\u3002\u5404\u4f4d\u89ba\u5f97\u9019\u662f\u500b\u6975\u7aef\u7684\u4f8b\u5b50\uff1f\u5982\u679c\u4f60\u770b\u904e\u300c\u767e\u500d\u80a1\u300d\u7684\u6545\u4e8b\uff0c\u4f60\u5c31\u77e5\u9053\u9019\u7a2e\u516c\u53f8\u4e0d\u5728\u5c11\u6578\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"192\" height=\"106\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/09\/Geralt-1600x1200-2.jpg\" alt=\"\u505c\u640d\" class=\"wp-image-25142\"\/><figcaption class=\"wp-element-caption\">credit: Geralt<\/figcaption><\/figure>\n\n\n\n<p>\u7576\u4f60\u8cb7\u9032\u4e00\u5bb6\u516c\u53f8\u7684\u6642\u5019\uff0c\u5230\u5e95\u4f60\u7684\u4fe1\u5ff5\u662f\u4ec0\u9ebc\uff1f\u4f60\u4e86\u89e3\u9019\u5bb6\u516c\u53f8\u591a\u5c11\uff1f\u7576\u521d\u4f60\u5805\u6301\u7684\u8cb7\u9032\u7406\u7531\u6709\u6539\u8b8a\u55ce\uff1f\u4f60\u7b97\u51fa\u4f86\u7684\u300c\u5167\u5728\u50f9\u503c\u300d\u662f\u591a\u5c11\uff08\u4e0d\u662f\u7528\u6bd4\u50f9\u6cd5\u7b97\u51fa\u4f86\u7684\u300c\u5916\u5728\u50f9\u683c\u300d\u54e6\uff01\uff09\uff1f\u4f60\u7684 margin of safety \u662f\u6293\u591a\u5c11\uff1f\u7576\u80a1\u50f9\u6389\u4e86\u4e09\u6210\uff0c\u4f60\u537b\u89ba\u5f97\u300c\u5e02\u5834\u53ef\u80fd\u77e5\u9053\u7684\u6bd4\u4f60\u591a\u300d\u800c\u6050\u614c\uff1f<\/p>\n\n\n\n<p>\u6211\u662f\u5f88\u52aa\u529b\u7684\u8a13\u7df4\u81ea\u5df1\u5206\u6790\u516c\u53f8\u7684\u80fd\u529b\uff08\u9019\u4e00\u9ede\uff0c\u6211\u76f8\u4fe1\u53ef\u4ee5\u8ddf Andy \u5b78\u5230\u4e00\u4e9b\uff09\uff1a\u5982\u679c\u4e00\u5bb6\u516c\u53f8\uff0c\u6211\u6c92\u6709\u8fa6\u6cd5\u4f30\u51fa\u5b83\u7684\u5167\u5728\u50f9\u503c\uff0c\u4ee3\u8868\u6211\u5c0d\u5b83\u4e0d\u5920\u4e86\u89e3\uff0c\u6211\u5c31\u4e0d\u8981\u8cb7\u5b83\uff08\u653e\u5728 \u201ctoo hard\u201d \u7684\u7c43\u5b50\u88e1\u9762\uff09\uff0c\u76f4\u5230\u6709\u4e00\u5929\u6211\u770b\u61c2\u4e86\u70ba\u6b62\u3002\u6240\u4ee5\u6211\u5e0c\u671b\u6211\u4e0d\u8981\u505c\u640d\u7684\u539f\u56e0\u662f\u9019\u6a23\u3002<\/p>\n\n\n\n<p>\u845b\u516b\u60f3\u8981\u88dc\u5145\u4e00\u4e0b\u300c\u4e0d\u8981\u505c\u640d\u300d\u9019\u53e5\u8a71\uff08\u6015\u6c92\u6709\u8aaa\u6e05\u695a\u5bb3\u4e86\u5927\u5bb6\uff09\u3002\u845b\u516b\u4e0d\u7528\u300cX%\u300d\u4f86\u505c\u640d\uff0c\u56e0\u70ba\u9019\u6a23\u7684\u505c\u640d\u662f\u4ea4\u7d66\u300c\u5225\u4eba\u300d\u5e6b\u4f60\u6c7a\u5b9a\u505c\u640d\uff0c\u56e0\u70ba\u300c\u80a1\u50f9\u300d\u662f\u5e02\u5834\u7684\u5176\u4ed6\u4eba\u6c7a\u5b9a\u7684\uff0c\u5c24\u5176\u5927\u5bb6\u90fd\u77e5\u9053\u5e02\u5834\u5148\u751f\u662f\u4e0d\u7406\u6027\u7684\uff0c\u9084\u4ea4\u7d66\u5b83\u5e6b\u4f60\u505c\u640d\uff0c\u9019\u5f88\u5947\u602a\u3002<\/p>\n\n\n\n<p>\u845b\u516b\u7528\u300c\u7576\u521d\u8cfc\u5165\u7684\u539f\u56e0\u662f\u5426\u9084\u5b58\u5728\u300d\u3001\u300c\u7af6\u722d\u512a\u52e2\u662f\u5426\u4f9d\u7136\u300d\u3001\u300c\u6210\u9577\u7a7a\u9593\u662f\u5426\u6301\u7e8c\u300d\u3001\u300c\u7d93\u71df\u7d93\u5c64\u662f\u5426\u5982\u5c31\u300d\u9019\u4e9b\u8cea\u5316\u56e0\u7d20\u4f86\u8ce3\u51fa\u80a1\u7968\u6295\u8cc7\uff0c\u9019\u6a23\u7684\u8ce3\u51fa\u662f\u7531\u81ea\u5df1\u6c7a\u5b9a\u7684\uff0c\u5982\u679c\u7576\u521d\u7684\u539f\u56e0\u4e0d\u518d\u4e86\uff0c\u4e0d\u7ba1\u76ee\u524d\u9019\u9805\u6295\u8cc7\u662f\u8ce0\u9322\u9084\u662f\u8cfa\u9322\uff0c\u845b\u516b\u90fd\u6703\u679c\u6c7a\u505c\u640d\/\u505c\u5229\u3002<\/p>\n\n\n\n<p>\u76f8\u4fe1\u5225\u4eba\u4e0d\u5982\u76f8\u4fe1\u81ea\u5df1\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/investing-methods\/long-term-investing\/%E6%88%91%E7%82%BA%E4%BD%95%E9%9D%92%E7%9D%9E%E6%88%90%E9%95%B7%E8%82%A1%E8%80%8C%E9%9D%9E%E5%83%B9%E5%80%BC%E8%82%A1%EF%BC%9F\/\">\u300a\u6211\u70ba\u4f55\u9752\u775e\u6210\u9577\u80a1\u800c\u975e\u50f9\u503c\u80a1\uff1f\u300b<\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/05\/27\/%E5%83%B9%E5%80%BC%E6%8A%95%E8%B3%87bejamin-graham\/\">\u845b\u62c9\u6f22\u7684\u50b3\u8a18\u300a\u50f9\u503c\u6295\u8cc7\uff08Benjamin Graham on Value Investing\uff09\u300b<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/21\/%e6%88%90%e9%95%b7%e6%8a%95%e8%b3%87%e5%92%8c%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%84%e5%8e%9f%e5%a7%8b%e8%a7%80%e9%bb%9e\/\">\u6210\u9577\u6295\u8cc7\u548c\u50f9\u503c\u6295\u8cc7\uff0c\u5df4\u83f2\u7279\u7684\u539f\u59cb\u89c0\u9ede<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5\u7684\u554f\u984c<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/23\/%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e7%9a%84%e4%bb%8a%e6%98%94\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u50f9\u503c\u6295\u8cc7\u7684\u4eca\u6614<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/12\/%e6%82%a8%e6%87%89%e8%a9%b2%e8%aa%8d%e8%ad%98square%e9%80%99%e5%ae%b6%e4%bc%81%e6%a5%ad\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/07\/%e7%82%ba%e4%bb%80%e9%ba%bc%e5%b7%b4%e8%8f%b2%e7%89%b9%e5%80%bc%e5%be%97%e6%b7%b1%e5%85%a5%e7%a0%94%e7%a9%b6%ef%bc%9f\/\">\u70ba\u4ec0\u9ebc\u5df4\u83f2\u7279\u503c\u5f97\u6df1\u5165\u7814\u7a76\uff1f<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p><em>\u91cd\u8981\u8072\u660e<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>\u672c\u7ad9\u5167\u5bb9\u70ba\u4f5c\u8005\u500b\u4eba\u610f\u898b\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u672c\u4eba\u4e0d\u5c0d\u6587\u7ae0\u5167\u5bb9\u3001\u8cc7\u6599\u4e4b\u6b63\u78ba\u6027\u3001\u770b\u6cd5\u3001\u8207\u5373\u6642\u6027\u8ca0\u4efb\u4f55\u8cac\u4efb\uff0c\u8b80\u8005\u8acb\u52d9\u5fc5\u81ea\u884c\u5224\u65b7\u3002<\/em><\/li>\n\n\n\n<li><em>\u5c0d\u65bc\u8b80\u8005\u76f4\u63a5\u6216\u9593\u63a5\u4f9d\u8cf4\u4e26\u53c3\u8003\u672c\u7ad9\u8cc7\u8a0a\u5f8c\uff0c\u63a1\u53d6\u4efb\u4f55\u6295\u8cc7\u884c\u70ba\u6240\u5c0e\u81f4\u4e4b\u76f4\u63a5\u6216\u9593\u63a5\u640d\u5931\uff0c\u6216\u56e0\u6b64\u7522\u751f\u4e4b\u4e00\u5207\u8cac\u4efb\uff0c\u672c\u4eba\u5747\u4e0d\u8ca0\u4efb\u4f55\u640d\u5bb3\u8ce0\u511f\u53ca\u5176\u4ed6\u6cd5\u5f8b\u4e0a\u4e4b\u8cac\u4efb\u3002<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u845b\u516b\u5148\u751f\u5c0d\u50f9\u683c\u548c\u505c\u640d\u7684\u7cbe\u5f69\u770b\u6cd5 &#8211; \u6709\u4e00\u5bb6\u516c\u53f8\uff0c\u9019\u5bb6\u516c\u53f8\u5728 1973 \u5230 1975 \u80a1\u50f9\u6389\u4e86 60%\uff0c1987 \u5e74\u7684\u5341\u6708\u8dcc\u6389\u4e86 40%\uff0c1998 \u5e74\u5230 2000 \u5e74\u6389\u4e86 50%\uff0c2008 \u5e74\u5230 2009 \u5e74\u53c8\u6389\u4e86 51%\u3002\u5982\u679c\u4f60\u8981\u8aaa\uff0c1973, 1987, 2008 \u9019\u4e09\u6b21\u90fd\u662f\u80a1\u707d\uff0c\u7576\u7136\u6240\u6709\u516c\u53f8\u80a1\u7968\u90fd\u6703\u8dcc\uff0c\u4e0d\u7b97\u3002<\/p>\n","protected":false},"author":1,"featured_media":25142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[308,788,488,3],"tags":[420,421],"class_list":["post-13046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-valuation","category-other-articles","category-margin-of-safety","category-us-stocks","tag-brk-a","tag-brk-b"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/13046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/comments?post=13046"}],"version-history":[{"count":1,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/13046\/revisions"}],"predecessor-version":[{"id":68661,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/13046\/revisions\/68661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/25142"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=13046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=13046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=13046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}