{"id":14400,"date":"2022-04-27T14:00:00","date_gmt":"2022-04-27T06:00:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=14400"},"modified":"2025-11-17T10:20:12","modified_gmt":"2025-11-17T02:20:12","slug":"%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/","title":{"rendered":"\u5df4\u83f2\u7279\u6301\u80a1\u76843\u5927\u5171\u540c\u6027-\u4fbf\u5b9c\u3001\u56fa\u5b9a\u914d\u606f\u3001\u5eab\u85cf\u80a1"},"content":{"rendered":"\n<p>\u6211\u7684\u300a<a href=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" data-type=\"URL\" data-id=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">\u8d85\u7d1a\u6210\u9577\u80a1\u6295\u8cc7\u6cd5\u5247<\/a>\u300b\u66f8\u4e2d\u548c\u90e8\u843d\u683c\u90fd\u6709\u8a31\u591a\u5f15\u7528\u81ea\u5df4\u83f2\u7279\u7684\u6295\u8cc7\u667a\u6167\uff0c\u5927\u5bb6\u5982\u679c\u5c0d\u4ed6\u6709\u8208\u8da3\uff0c\u53ef\u4ee5\u5148\u7531\u6211\u4e4b\u524d\u7684\u5169\u7bc7\u90e8\u843d\u683c\u6587\u7ae0\u958b\u59cb\uff1a\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/%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\/\" data-type=\"URL\" data-id=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/%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\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u70ba\u4ec0\u9ebc\u5df4\u83f2\u7279\u503c\u5f97\u6df1\u5165\u7814\u7a76\uff1f<\/a>\u300b\u548c\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/07\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%84%e6%8a%95%e8%b3%87%e5%8e%9f%e5%89%87%ef%bc%88warren-buffetts-ground-rules%ef%bc%89\/\" data-type=\"URL\" data-id=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/07\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%84%e6%8a%95%e8%b3%87%e5%8e%9f%e5%89%87%ef%bc%88warren-buffetts-ground-rules%ef%bc%89\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5df4\u83f2\u7279\u7684\u6295\u8cc7\u539f\u5247\uff08Warren Buffett\u2019s Ground Rules\uff09<\/a>\u300b\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 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\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E7%94%B1%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%8C%81%E8%82%A1%E6%AD%B7%E5%8F%B2%E4%BE%86%E7%9C%8B\" >\u7531\u5df4\u83f2\u7279\u6301\u80a1\u6b77\u53f2\u4f86\u770b<\/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\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E5%B9%BE%E6%A8%81%E5%82%B5%E5%88%B8%E5%92%8C%E7%89%B9%E5%88%A5%E8%82%A1%E6%8A%95%E8%B3%87\" >\u5df4\u83f2\u7279\u7684\u5e7e\u6a01\u50b5\u5238\u548c\u7279\u5225\u80a1\u6295\u8cc7<\/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\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E5%92%8C%E4%BB%96%E6%89%80%E5%AE%A3%E7%A4%BA%E7%9A%84%E6%8A%95%E8%B3%87%E5%8E%9F%E5%89%87%E7%9B%B8%E7%AC%A6\" >\u548c\u4ed6\u6240\u5ba3\u793a\u7684\u6295\u8cc7\u539f\u5247\u76f8\u7b26<\/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\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E5%96%9C%E6%AD%A1%E7%A9%8D%E6%A5%B5%E5%AF%A6%E6%96%BD%E8%82%A1%E7%A5%A8%E5%9B%9E%E8%B3%BC%E7%9A%84%E5%85%AC%E5%8F%B8\" >\u559c\u6b61\u7a4d\u6975\u5be6\u65bd\u80a1\u7968\u56de\u8cfc\u7684\u516c\u53f8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%8C%81%E8%82%A1%E5%B9%BE%E4%B9%8E%E9%83%BD%E6%9C%89%E8%82%A1%E5%88%A9\" >\u5df4\u83f2\u7279\u6301\u80a1\u5e7e\u4e4e\u90fd\u6709\u80a1\u5229<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E7%82%BA%E4%BD%95%E4%BB%96%E8%B2%B7%E9%80%B2%E6%97%A5%E6%9C%AC%E7%9A%84%E4%BA%94%E5%A4%A7%E5%95%86%E7%A4%BE%EF%BC%9F\" >\u70ba\u4f55\u4ed6\u8cb7\u9032\u65e5\u672c\u7684\u4e94\u5927\u5546\u793e\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E5%96%9C%E6%AD%A1%E4%BE%BF%E5%AE%9C%E7%9A%84%E5%85%AC%E5%8F%B8\" >\u559c\u6b61\u4fbf\u5b9c\u7684\u516c\u53f8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E8%82%A1%E7%A5%A8%E9%82%84%E6%98%AF%E4%BB%96%E7%9A%84%E6%9C%80%E6%84%9B\" >\u80a1\u7968\u9084\u662f\u4ed6\u7684\u6700\u611b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E5%B0%8D%E5%9B%BA%E5%AE%9A%E6%94%B6%E7%9B%8A%E7%9A%84%E6%8C%81%E8%91%97%E6%98%AF%E6%9C%80%E5%80%BC%E5%BE%97%E6%8A%95%E8%B3%87%E4%BA%BA%E5%AD%B8%E7%BF%92%E4%B9%8B%E8%99%95\" >\u5c0d\u56fa\u5b9a\u6536\u76ca\u7684\u6301\u8457\u662f\u6700\u503c\u5f97\u6295\u8cc7\u4eba\u5b78\u7fd2\u4e4b\u8655<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%E7%B5%90%E8%AA%9E\" >\u7d50\u8a9e<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e7%9a%84%e5%85%b1%e5%90%8c%e6%80%a7\/#%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%94%B1%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%8C%81%E8%82%A1%E6%AD%B7%E5%8F%B2%E4%BE%86%E7%9C%8B\"><\/span><strong>\u7531\u5df4\u83f2\u7279\u6301\u80a1\u6b77\u53f2\u4f86\u770b<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6211\u6700\u8fd1\u628a\u5df4\u83f2\u7279\u6240\u6709\u7684\u4e3b\u8981\u6295\u8cc7\u90fd\u5927\u81f4\u700f\u89bd\u4e86\u4e00\u904d\uff0c\u6211\u6709\u500b\u8f03\u5927\u7684\u767c\u73fe\u3002\u5df4\u83f2\u7279\u57fa\u672c\u4e0a\u53ea\u6295\u8cc7\u6709\u56fa\u5b9a\u73fe\u91d1\u6d41\u6536\u5165\u7684\u516c\u53f8\u3002\u5982\u679c\u5927\u5bb6\u6709\u8208\u8da3\u7684\u8a71\u53ef\u4ee5\u60f3\u4e00\u4e0b\u5404\u4f4d\u6240\u719f\u77e5\u5df4\u83f2\u7279\u6240\u6295\u8cc7\u7684\u4e3b\u8981\u6a19\u7684\uff0c\u9664\u4e86\u6975\u5c11\u6578\u7684\u6295\u8cc7\u6848\uff0c\u6bd4\u5982\u6258\u5fb7\u00b7\u5eab\u59c6\u65af\uff08Todd Combs\uff09\u548c\u6cf0\u5fb7\u00b7\u97cb\u65bd\u52d2\uff08Ted Weschler\uff09\u505a\u4e3b\u6c7a\u5b9a\u7684\u3001\u8499\u683c\u4e3b\u5c0e\u7684\u6bd4\u4e9e\u8fea\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBYDDF\uff09\u5916\uff0c\u53ea\u8981\u4ed6\u81ea\u5df1\u6295\u8cc7\u7684\u5927\u6848\u5b50\uff0c\u90fd\u662f\u8981\u6709\u56fa\u5b9a\u914d\u606f\uff0c\u5426\u5247\u4ed6\u6839\u672c\u4e0d\u6703\u5217\u5165\u8003\u616e\u3002 <\/p>\n\n\n\n<p>\u5728<a href=\"https:\/\/berkshirehathaway.com\/letters\/1997.html\" target=\"_blank\" rel=\"noreferrer noopener\">1997\u5e74\u81f4\u80a1\u6771\u4fe1<\/a>\u4e2d\u5df4\u83f2\u7279\u5beb\u9053\uff1a\u300c\u6ce2\u514b\u590f\u8a31\u591a\u91cd\u8981\u7684\u6295\u8cc7\u90e8\u4f4d\u90fd\u6301\u7e8c\u4e0d\u65b7\u5730\u8cb7\u56de\u81ea\u5bb6\u516c\u53f8\u7684\u80a1\u4efd\uff0c\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0c\u80a1\u7968\u50f9\u683c\u8d8a\u4f4e\u5c0d\u6211\u5011\u8d8a\u6709\u5229\uff0c\u56e0\u70ba\u9019\u4ee3\u8868\u540c\u6a23\u7684\u4e00\u7b46\u9322\u53ef\u4ee5\u8cb7\u9032\u66f4\u591a\u7684\u80a1\u4efd\uff0c\u5f9e\u800c\u9593\u63a5\u63d0\u9ad8\u6211\u5011\u6301\u80a1\u7684\u6bd4\u4f8b\uff0c\u8209\u4f8b\u4f86\u8aaa\uff0c\u904e\u53bb\u5e7e\u5e74\u53ef\u53e3\u53ef\u6a02\u3001\u83ef\u76db\u9813\u90f5\u5831\u8207\u5bcc\u570b\u9280\u884c\u7686\u4ee5\u975e\u5e38\u4f4e\u7684\u50f9\u683c\u5927\u91cf\u8cb7\u56de\u81ea\u5bb6\u80a1\u7968\uff0c\u5176\u6240\u5e36\u4f86\u7684\u6548\u76ca\u8981\u6bd4\u5728\u73fe\u5728\u7684\u9ad8\u50f9\u518d\u9032\u884c\u8981\u4f86\u5f97\u6709\u5229\u7684\u591a\u3002\u300d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E5%B9%BE%E6%A8%81%E5%82%B5%E5%88%B8%E5%92%8C%E7%89%B9%E5%88%A5%E8%82%A1%E6%8A%95%E8%B3%87\"><\/span><strong>\u5df4\u83f2\u7279\u7684\u5e7e\u6a01\u50b5\u5238\u548c\u7279\u5225\u80a1\u6295\u8cc7<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>2020\u5e74\u5df4\u83f2\u7279\u51fa\u624b\u76f8\u52a9E.W. Scripps\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aSSP\uff09\u96fb\u8996\u5ee3\u64ad\u4f75\u8cfc\u6848\uff0c\u7784\u6e96\u7684\u5c31\u662f\u9ad8\u90548%\u7684\u7279\u5225\u80a1\u80a1\u606f\uff0c\u5728\u8d85\u4f4e\u5229\u7684\u74b0\u5883\u4e0b\uff0c8%\u7684\u80a1\u606f\u9019\u9ede\u5f88\u5438\u5f15\u5df4\u83f2\u7279\u3002<\/p>\n\n\n\n<p>2008\u5e74\u6642\uff0c\u9ad8\u76db\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aGS\uff09\u5e7e\u4e4e\u5feb\u4e0d\u652f\u5012\u9589\uff0c\u9ad8\u76db\u8463\u4e8b\u9577\u53bb\u627e\u4ed6\u6c42\u52a9\u6642\uff0c\u5df4\u83f2\u7279\u7684\u78ba\u8d81\u4eba\u4e4b\u5371\uff0c\u8981\u6c42\u8cb7\u9032\u6b96\u5229\u7387\u905415%\u7684\u9ad8\u76db\u53ef\u8f49\u63db\u516c\u53f8\u50b5\u3002\u7576\u6642\u53bb\u6551\u7f8e\u570b\u9280\u884c\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBAC\uff09\u4e5f\u662f\u76f8\u540c\u7684\u9053\u7406\uff0c\u5169\u8005\u7684\u5dee\u5225\u662f\u5df4\u83f2\u7279\u73fe\u5728\u7559\u4e0b\u4e86\u7f8e\u570b\u9280\u884c\uff0c\u6210\u70ba\u4ed6\u7b2c\u4e8c\u5927\u6301\u80a1\u3002<\/p>\n\n\n\n<p>\u66f4\u65e9\u524d1983-1984\u5e74\u7684\u83ef\u76db\u9813\u516c\u5171\u96fb\u529b\u4f9b\u61c9\u7cfb\u7d71\uff08Washington Public Power Supply Systems\uff09\u7684\u5783\u573e\u50b5\uff08WPPSS\uff09\uff0c\u4ed6\u66f4\u662f\u5728\u6240\u6709\u4eba\u90fd\u907f\u4e4b\u552f\u6050\u4e0d\u53ca\u6642\uff0c\u5927\u8209\u8cb7\u9032\uff1b\u4e3b\u8981\u662f\u4ed6\u7d93\u904e\u7814\u7a76\u8a8d\u70ba\u83ef\u76db\u9813\u96fb\u529b\u6839\u672c\u5c31\u4e0d\u6703\u5012\u9589\uff0c\u800c\u4e14\u914d\u606f\u53ef\u89c0\u3002 <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%92%8C%E4%BB%96%E6%89%80%E5%AE%A3%E7%A4%BA%E7%9A%84%E6%8A%95%E8%B3%87%E5%8E%9F%E5%89%87%E7%9B%B8%E7%AC%A6\"><\/span><strong>\u548c\u4ed6\u6240\u5ba3\u793a\u7684\u6295\u8cc7\u539f\u5247\u76f8\u7b26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5927\u5bb6\u5982\u679c\u53bb\u56de\u61b6\u4ed6\u5728\u516c\u53f8\u7db2\u7ad9\u6240\u5217\u7684\u4f75\u8cfc\uff15\u5927\u689d\uff0c\u6709\u4e00\u689d\u5c31\u662f\u5fc5\u9700\u6709\u6301\u7e8c\u7684\u76c8\u5229\uff0c\u800c\u516c\u53f8\u50b5\u56fa\u5b9a\u7968\u606f\u548c\u80a1\u5229\u6b63\u662f\u8b49\u660e\u6301\u7e8c\u7684\u76c8\u5229\u6700\u6709\u6548\u7684\u76f4\u63a5\u8b49\u64da\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%96%9C%E6%AD%A1%E7%A9%8D%E6%A5%B5%E5%AF%A6%E6%96%BD%E8%82%A1%E7%A5%A8%E5%9B%9E%E8%B3%BC%E7%9A%84%E5%85%AC%E5%8F%B8\"><\/span><strong>\u559c\u6b61\u7a4d\u6975\u5be6\u65bd\u80a1\u7968\u56de\u8cfc\u7684\u516c\u53f8<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4f46\u5728\u5be6\u969b\u64cd\u4f5c\u4e0a\uff0c\u5df4\u83f2\u7279\u901a\u5e38\u559c\u6b61\u8cb7\u4fbf\u5b9c\u7684\u80a1\u7968\u3002\u60e0\u666e\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aHPQ\uff09\u5c31\u662f\u4e00\u5bb6\u80a1\u50f9\u4f4e\u3001\u904e\u6c23\u7684\u79d1\u6280\u516c\u53f8\u3002\u6ce2\u514b\u590f\u6536\u8cfc\u4e86\u9019\u5bb6\u500b\u4eba\u96fb\u8166\u3001\u5370\u8868\u6a5f\u548c\u7528\u54c1\u88fd\u9020\u554611%\u7684\u80a1\u4efd\u3002&nbsp;<\/p>\n\n\n\n<p>\u5145\u88d5\u7684\u81ea\u7531\u73fe\u91d1\u6d41\u3001\u901a\u904e\u7a4d\u6975\u7684\u80a1\u7968\u56de\u8cfc\u628a\u6240\u6709\u73fe\u91d1\u6d41\u8fd4\u9084\u7d66\u80a1\u6771\u4ee5\u53ca\u8fd13%\u7684\u80a1\u606f\u6536\u76ca\u7387\u53ef\u80fd\u662f\u60e0\u666e\u7684\u5e7e\u500b\u6709\u5438\u5f15\u529b\u7684\u5730\u65b9\u3002\u57282019\u8ca1\u5e74\u672b\uff08\u622a\u81f32019\u5e7410\u6708\uff09\u4ee5\u4f86\uff0c\u60e0\u666e\u5df2\u56de\u8cfc\u4e86\u8d85\u904e25%\u7684\u80a1\u7968\u3002\u5df4\u83f2\u7279\u559c\u6b61\u90a3\u4e9b\u6709\u80fd\u529b\u8f15\u9b06\u5730\u70ba\u5927\u898f\u6a21\u56de\u8cfc\u80a1\u7968\u7684\u516c\u53f8\uff0c\u56e0\u70ba\u56de\u8cfc\u6703\u63d0\u9ad8\u6ce2\u514b\u590f\u5c0d\u9019\u4e9b\u516c\u53f8\u7684\u6301\u80a1\u6bd4\u4f8b\u3002&nbsp;<\/p>\n\n\n\n<p>\u9019\u985e\u4f8b\u5b50\u4e0d\u52dd\u679a\u8209\uff0c\u8f03\u8457\u540d\u7684\u5305\u62ec\u4e86\u4ee5\u4e0b\u7684\u516c\u53f8\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u860b\u679c\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aAAPL\uff09<\/li>\n\n\n\n<li>\u7f8e\u570b\u9280\u884c\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBAC\uff09<\/li>\n\n\n\n<li>\u53ef\u53e3\u53ef\u6a02\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aKO\uff09<\/li>\n\n\n\n<li>\u7f8e\u570b\u904b\u901a\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aAXP\uff09<\/li>\n\n\n\n<li>\u7f8e\u570b\u5408\u773e\u9280\u884c\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aUSB\uff09<\/li>\n\n\n\n<li>\u7a46\u8fea\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aMCO\uff09<\/li>\n\n\n\n<li>\u96ea\u4f5b\u9f8d\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aCVX\uff09<\/li>\n\n\n\n<li>\u7d10\u7d04\u6885\u9686\u9280\u884c\uff08\u7f8e\u80a1\u4ee3\u78bcBK\uff09<\/li>\n\n\n\n<li>\u60e0\u666e<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%8C%81%E8%82%A1%E5%B9%BE%E4%B9%8E%E9%83%BD%E6%9C%89%E8%82%A1%E5%88%A9\"><\/span>\u5df4\u83f2\u7279\u6301\u80a1\u5e7e\u4e4e\u90fd\u6709<strong>\u80a1\u5229<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5df4\u83f2\u7279\u7684\u6ce2\u514b\u590f\u7684\u80a1\u7968\u6295\u8cc7\u7d44\u5408\u88e1\u9762\uff0c\u9664\u4e86\u50cf\u6211\u5148\u524d\u63d0\u904e\u7684\u6bd4\u4e9e\u8fea\u5916\uff0c\u5e7e\u4e4e\u90fd\u6703\u914d\u767c\u6975\u9ad8\u7684\u80a1\u606f\uff0c\u9019\u662f\u5f88\u5927\u7684\u7279\u8272\u3002\u7576\u7136\u9019\u53ef\u80fd\u548c\u4ed6\u7684\u6295\u8cc7\u98a8\u683c\u4e0d\u559c\u6b61\u79d1\u6280\u80a1\u3001\u504f\u611b\u50f9\u503c\u80a1\u3001\u6216\u662f\u7a33\u5b9a\u7684\u85cd\u7c4c\u80a1\u9019\u9805\u7279\u6027\u6709\u95dc\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u5c31\u662f\u300a<a href=\"https:\/\/berkshirehathaway.com\/letters\/2021ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2021\u5e74\u5e95\u6ce2\u514b\u590f\u524d\u5341\u5927\u6301\u80a1<\/a>\u300b\u548c\u4e00\u4e9b\u8f03\u8457\u540d\u6301\u80a1\u7684\u80a1\u50f9\uff0c\u672c\u76ca\u6bd4\uff0c\u548c\u80a1\u5229\u6b96\u5229\u7387\u7b49\u91cd\u8981\u6307\u6a19\u76ee\u524d\u7684\u6578\u503c\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\u516c\u53f8\u540d\u7a31<\/td><td>\u7f8e\u80a1\u4ee3\u78bc<\/td><td>\u5e02\u503c<\/td><td>\u80a1\u50f9<\/td><td>\u672c\u76ca\u6bd4<\/td><td> \u80a1\u5229\u6b96\u5229\u7387 <\/td><\/tr><tr><td>\u860b\u679c<\/td><td>AAPL<\/td><td>2560<\/td><td>156.8<\/td><td>26.03<\/td><td>0.56%<\/td><\/tr><tr><td>\u7f8e\u570b\u9280\u884c<\/td><td>BAC<\/td><td>293.96<\/td><td>36.45<\/td><td>10.39<\/td><td>2.3%<\/td><\/tr><tr><td>\u7f8e\u570b\u904b\u901a<\/td><td>AXP<\/td><td>134.53<\/td><td>178.65<\/td><td>17.9<\/td><td>1.16%<\/td><\/tr><tr><td>\u53ef\u53e3\u53ef\u6a02<\/td><td>KO <\/td><td>281.99<\/td><td>65.05 <\/td><td>27.44<\/td><td>2.71%<\/td><\/tr><tr><td>\u7a46\u8fea<\/td><td>MCO<\/td><td>59.14<\/td><td>319<\/td><td>27.07<\/td><td>0.88%<\/td><\/tr><tr><td>\u5a01\u8a0a\u901a\u8a0a<\/td><td>VZ<\/td><td>207.52<\/td><td>49.41<\/td><td>9.61<\/td><td>5.18%<\/td><\/tr><tr><td>\u7f8e\u570b\u5408\u773e\u9280\u884c<\/td><td>USB<\/td><td>74.2<\/td><td>50.03<\/td><td>10.78<\/td><td>3.68%<\/td><\/tr><tr><td>\u6bd4\u4e9e\u8fea<\/td><td>BYDDF<\/td><td>90.518<\/td><td>27.5<\/td><td>157.14<\/td><td>0%<\/td><\/tr><tr><td>\u96ea\u4f5b\u9f8d<\/td><td>CVX<\/td><td>307.56<\/td><td>156.53<\/td><td>19.23<\/td><td>3.63%<\/td><\/tr><tr><td>\u901a\u7528\u6c7d\u8eca<\/td><td>GM<\/td><td>55.27<\/td><td>38.04<\/td><td>5.68<\/td><td>0%<\/td><\/tr><tr><td>\u4f0a\u85e4\u5fe0\u5546\u4e8b<\/td><td>ITOCY<\/td><td>44.481<\/td><td>60<\/td><td>8<\/td><td>2.65%<\/td><\/tr><tr><td>\u4e09\u83f1\u65e5\u806f<\/td><td>MUFG<\/td><td>73.536<\/td><td>5.74<\/td><td>6.02<\/td><td>3.95%<\/td><\/tr><tr><td>\u7279\u8a31\u901a\u8a0a<\/td><td>CHTR<\/td><td>84.12<\/td><td>486.95<\/td><td>19.9<\/td><td>0%<\/td><\/tr><tr><td>\u4e09\u4e95\u7269\u7522<\/td><td>MITSY<\/td><td>39.035<\/td><td>481.99<\/td><td>6.63<\/td><td>3.22%<\/td><\/tr><tr><td>\u897f\u65b9\u77f3\u6cb9<\/td><td>OXY<\/td><td>51.36<\/td><td>54.82<\/td><td>26.41<\/td><td>0.95%<\/td><\/tr><tr><td>\u60e0\u666e <\/td><td>HPQ<\/td><td>38.28<\/td><td>36.34<\/td><td>6.46<\/td><td>2.75%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u9664\u4e86\u6bd4\u4e9e\u8fea\u5916\uff0c\u53ea\u6709\u901a\u7528\u6c7d\u8eca\u548c\u7279\u8a31\u901a\u8a0a\u4e0d\u914d\u80a1\u5229\uff0c\u901a\u7528\u6c7d\u8eca\u662f\u6709\u7406\u7531\u7684\uff0c\u901a\u7528\u6c7d\u8eca2009\u624d\u5ba3\u4f48\u7834\u7522\uff0c\u6240\u6709\u7684\u8ca1\u52d9\u64cd\u4f5c\u90fd\u6703\u88ab\u56b4\u683c\u6aa2\u8996\uff0c\u800c\u4e14\u901a\u7528\u6c7d\u8eca\u80a1\u50f9\u5373\u4f7f\u73fe\u5728\u56e0\u7279\u65af\u62c9\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aTSLA\uff09\u73fe\u8c61\u7684\u63a8\u5347\uff0c\u9020\u6210\u6c7d\u8eca\u80a1\u90fd\u5927\u6f32\uff0c\u901a\u7528\u6c7d\u8eca\u9084\u662f\u5f88\u4fbf\u5b9c\uff0c\u4e3b\u56e0\u5c31\u662f\u7834\u7522\u7684\u8ca1\u52d9\u91cd\u6574\uff0c\u4e0d\u5bb9\u8a31\u9019\u9ebc\u505a\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%82%BA%E4%BD%95%E4%BB%96%E8%B2%B7%E9%80%B2%E6%97%A5%E6%9C%AC%E7%9A%84%E4%BA%94%E5%A4%A7%E5%95%86%E7%A4%BE%EF%BC%9F\"><\/span><strong>\u70ba\u4f55\u4ed6\u8cb7\u9032\u65e5\u672c\u7684\u4e94\u5927\u5546\u793e\uff1f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>2020\u5e74\u6ce2\u514b\u590f\u8cb7\u9032\u4f0a\u85e4\u5fe0\u5546\u4e8b\u3001\u4e38\u7d05\u3001\u4e09\u4e95\u7269\u7522\u3001\u4f4f\u53cb\u5546\u4e8b\u548c\u4e09\u83f1\u54045%\u7684\u80a1\u4efd\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\u4ed6\u5011\u7684\u80a1\u50f9\u6de8\u503c\u6bd4\u50c5\u4f0a\u85e4\u5fe0\u5546\u4e8b\u70ba1.2\uff0c\u5176\u4ed64\u5bb6\u90fd\u4f4e\u65bc1.0\uff1b\u9019\u548c\u7f8e\u80a1\u6bd4\u8d77\u4f86\uff0c\u771f\u662f\u7269\u7f8e\u50f9\u5ec9\u3002\u8acb\u6ce8\u610f\uff0c\u9019\u4ef6\u4e8b\u4e5f\u53cd\u6620\u4e86\u65e5\u672c\u7684\u6839\u672c\u554f\u984c\uff0c\u6b63\u5982\u6211\u524d\u4e00\u9663\u5b50\u5beb\u7684\u90a3\u7bc7\u90e8\u843d\u683c\u6587\u7ae0\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/01\/%e6%97%a5%e6%9c%ac%e6%97%a9%e5%b7%b2%e6%98%af%e5%b9%b3%e5%ba%b8%e4%b9%8b%e5%9c%8b%e6%b2%92%e6%82%a8%e6%83%b3%e7%9a%84%e9%82%a3%e9%ba%bc%e5%85%88%e9%80%b2\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u65e5\u672c\u65e9\u5df2\u662f\u5e73\u5eb8\u4e4b\u570b\uff0c\u6c92\u60a8\u60f3\u7684\u90a3\u9ebc\u5148\u9032<\/a>\u300b\u7684\u770b\u6cd5\u662f\u4e00\u81f4\u7684\uff0c\u65e5\u672c\u7684\u570b\u529b\u5728\u5168\u9762\u4e0b\u964d\u3002<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u8cb7\u9019\u65e5\u672c\u4e94\u5927\u5546\u793e\u4e4b\u524d\uff0c\u4ed6\u61c9\u8a72\u505a\u4e86\u5f88\u591a\u529f\u8ab2\uff0c\u6211\u8a8d\u70ba\u539f\u56e0\u662f\u7f8e\u80a1\u592a\u8cb4\uff08\u8acb\u6ce8\u610f\uff1a\u5df4\u83f2\u7279\u8aaa\u904e\u5f88\u591a\u6b21\uff0c\u4ed6\u662f\u5927\u7f8e\u570b\u4e3b\u7fa9\u8005\uff0c\u4ed6\u7684\u6295\u8cc785%\u662f\u7f8e\u570b\u516c\u53f8\uff0c\u975e\u4e0d\u5fc5\u8981\uff0c\u4ed6\u4e0d\u6703\u53bb\u6295\u8cc7\u5916\u570b\u516c\u53f8\uff09\u3002<\/p>\n\n\n\n<p>\u7d93\u904e13\u5e74\u7684\u5927\u725b\u5e02\uff0c\u7f8e\u80a1\u6240\u6709\u80a1\u7968\u4f30\u503c\u300c\u90fd\u592a\u9ad8\u300d\u9019\u662f\u4ed6\u8868\u793a\u904e\u5f88\u591a\u6b21\u7684\u73fe\u8c61\uff0c\u5df4\u83f2\u7279\u6307\u6a19\u9577\u671f\u8d85\u904e200%\uff0c\u800c\u4e14\u6a19\u666e500\u5728\u53bb\u5e74\u7b2c3\u5b63\u958b\u59cb\u4e0b\u8dcc\u524d\u4e00\u76f4\u572839.26 (2020\u5e7412\u6708) \u7684\u53f2\u4e0a\u6700\u9ad8\u6bd4\u76ca\u6bd4\u7684\u6c34\u6e96\uff0c\u9020\u6210\u5df4\u83f2\u7279\u5728\u7f8e\u570b\u627e\u4e0d\u5230\u80a1\u7968\u53ef\u4ee5\u8cb7\uff0c\u800c\u4e14\u662f\u6301\u7e8c7,8\u5e74\u90fd\u5982\u6b64\uff0c\u9020\u6210\u6ce2\u514b\u590f\u624b\u4e0a\u7a4d\u58d3\u4e861450\u5104\u4ee5\u4e0a\u7684\u73fe\u91d1\uff0c\u5c0d\u8cc7\u672c\u904b\u7528\u6548\u7387\u9020\u6210\u4e0d\u826f\u5f71\u97ff\uff0c\u7d50\u679c\u6703\u5f71\u97ff\u6ce2\u514b\u590f\u7684\u5167\u5728\u50f9\u503c\u548c\u80a1\u50f9\u2500\u2500\u2500\u2500\u903c\u5f97\u4ed6\u5fc5\u9808\u627e\u975e\u7f8e\u570b\u7684\u6295\u8cc7\u6a19\u7684\uff0c\u9019\u9ede\u624d\u662f\u4e3b\u8981\u7684\u539f\u56e0\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%96%9C%E6%AD%A1%E4%BE%BF%E5%AE%9C%E7%9A%84%E5%85%AC%E5%8F%B8\"><\/span><strong>\u559c\u6b61\u4fbf\u5b9c\u7684\u516c\u53f8<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u9019\u4e00\u9ede\u53ef\u4ee5\u7531\u4eca\u5e74\u4ed6\u6240\u9032\u884c\u7684\u5927\u578b\u6536\u8cfc\u53ef\u4ee5\u770b\u51fa\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u60e0\u666e\u7684\u6536\u8cfc\u50f9\u662f2022\u5e74\u9810\u671f\u672c\u76ca\u6bd4\u76849\u500d\u3002<\/li>\n\n\n\n<li>\u897f\u65b9\u77f3\u6cb9\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aOXY\uff09\u57fa\u65bc2022\u5e74\u9810\u671f\u5229\u6f64\u7684\u672c\u76ca\u6bd4\u9084\u4e0d\u523010\u500d\u3002<\/li>\n\n\n\n<li>116\u5104\u7f8e\u5143\u6536\u8cfc\u4fdd\u96aa\u516c\u53f8Alleghany\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aY\uff09\u5c0d\u5df4\u83f2\u7279\u4f86\u8aaa\u4e5f\u662f\u4e00\u7b46\u5212\u7b97\u7684\u4ea4\u6613\uff0c\u6536\u8cfc\u50f9\u7d04\u70ba\u5176\u8cec\u9762\u50f9\u503c\u76841.25\u500d\uff0c\u662f2022\u5e74\u9810\u671f\u5229\u6f64\u768412\u500d\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u4ed62016\u5e74\u958b\u59cb\u8cb7\u9032\u860b\u679c\u6642\uff0c\u525b\u597d\u662f\u860b\u679c\u958b\u59cb\u5927\u8dcc\uff0c\u9020\u6210\u672c\u76ca\u6bd4\u753138\u8dcc\u81f318\u7684\u6642\u5019\u3002\u860b\u679c\u90a3\u6bb5\u671f\u9593\u6700\u4f4e\u6211\u8a18\u5f97\u8dcc\u81f3$92\uff0c\u4e3b\u56e0\u662f\u6211\u5728\u6211\u5728\u300a<a href=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">\u8d85\u7d1a\u6210\u9577\u80a1\u6295\u8cc7\u6cd5\u5247<\/a>\u300b\u4e00\u66f8\u76843-3\u5c0f\u7bc0181\u9801\u4e2d\u63d0\u904e\u7684\u524d\u4e00\u5e74iPhone 6\u8ce3\u592a\u597d\uff0c\u57fa\u671f\u592a\u9ad8\uff0c\u9020\u6210\u7576\u5e74\u696d\u7e3e\u6210\u9577\u8868\u73fe\u4e0d\u4f73\uff0c\u672c\u76ca\u6bd4\u6700\u4f4e\u9084\u66fe\u4e00\u5ea6\u8dcc\u81f3\u53ea\u670914\uff0c\u4f46\u56e0\u65b0\u805e\u5831\u5c0e\u5df4\u83f2\u7279\u8cb7\u9032\uff0c\u7acb\u523b\u5927\u6f32\u4e86\u4e00\u9663\u5b50\u3002\u860b\u679c\u7684\u9996\u7b46\u5efa\u5009\u8cb7\u5165\u8005\u662f\u5eab\u59c6\u65af\u548c\u97cb\u65bd\u52d2\uff0c\u9019\u4ef6\u4e8b\u5df4\u83f2\u7279\u5f8c\u4f86\u6709\u51fa\u4f86\u8aaa\u660e\u3002<\/p>\n\n\n\n<p>\u5c0d\u6bd4\u4ed6\u66fe\u516c\u958b\u5728\u80a1\u6771\u6703\u4e0a\u8a8d\u932f\u7684\u6848\u4f8b\uff0c2016\u5e74\u7d04320\u5104\u7f8e\u5143\u6536\u8cfc\u7cbe\u5bc6\u9444\u4ef6\uff08Precision Castparts\uff09\u7684\u6536\u8cfc\u50f9\u7d04\u70ba\u6f64\u768420\u500d\u3002\u9019\u7b46\u4ea4\u6613\u8b93\u6ce2\u514b\u590f\u8667\u4e86\u5f88\u591a\u9322\u3002<\/p>\n\n\n\n<p>\u7562\u7adf\u4ed6\u9aa8\u5b50\u88e1\u9762\u9084\u662f\u4e00\u4f4d\u5fb9\u5e95\u7684\u50f9\u503c\u6295\u8cc7\u4fe1\u5949\u8005\uff0c\u91cd\u8996\u5b89\u5168\u908a\u969b\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%82%A1%E7%A5%A8%E9%82%84%E6%98%AF%E4%BB%96%E7%9A%84%E6%9C%80%E6%84%9B\"><\/span><strong>\u80a1\u7968\u9084\u662f\u4ed6\u7684\u6700\u611b<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5305\u62ec\u50b5\u5238\u548c\u512a\u5148\u80a1\u5728\u5167\u7684\u56fa\u5b9a\u6536\u76ca\u8b49\u5238\u53ea\u4f54\u6ce2\u514b\u590f\u6295\u8cc7\u7d44\u5408\u768417%\uff0c\u800c\u5927\u591a\u6578\u4fdd\u96aa\u516c\u53f8\u7684\u9019\u4e00\u6bd4\u4f8b\u572860%\uff5e80%\u3002\u96d6\u7136\u6ce2\u514b\u590f\u662f\u7f8e\u570b\u570b\u50b5\u50b5\u5238\u6700\u5927\u7684\u8cb7\u5bb6\uff0c\u4f46\u4ed6\u559c\u6b61\u6709\u56fa\u5b9a\u914d\u606f\u7684\u8cc7\u7522\uff0c\u80a1\u7968\u9084\u662f\u512a\u5148\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B0%8D%E5%9B%BA%E5%AE%9A%E6%94%B6%E7%9B%8A%E7%9A%84%E6%8C%81%E8%91%97%E6%98%AF%E6%9C%80%E5%80%BC%E5%BE%97%E6%8A%95%E8%B3%87%E4%BA%BA%E5%AD%B8%E7%BF%92%E4%B9%8B%E8%99%95\"><\/span><strong>\u5c0d\u56fa\u5b9a\u6536\u76ca\u7684\u6301\u8457\u662f\u6700\u503c\u5f97\u6295\u8cc7\u4eba\u5b78\u7fd2\u4e4b\u8655<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6b64\u6b21\u6211\u628a\u4ed6\u904e\u53bb\u7684\u5f88\u591a\u6295\u8cc7\u6848\u90fd\u7ffb\u51fa\u4f86\uff0c\u7684\u78ba\u767c\u73fe\u56fa\u5b9a\u6536\u76ca\u5e7e\u4e4e\u662f\u4ed6\u7684\u5fc5\u8981\u689d\u4ef6\uff0c\u800c\u4e14\u4ed6\u8981\u7684\u6b96\u5229\u7387\u9084\u6bd4\u5e02\u5834\u5e73\u5747\u6c34\u6e96\u9ad8\u3002\u6211\u6c92\u8a18\u932f\u7684\u8a71\uff0c\u5f88\u591a\u5e74\u524d\u4ed6\u66fe\u8aaa\u904e\u4ed6\u8003\u91cf\u6295\u8cc7\u6642\uff0c\u6a19\u7684\u7269\u7684\u5831\u916c\u5e74\u5316\u7684\u5e95\u7dda\u662f10%\uff0c\u800c\u4e14\u662f\u4e0d\u8ad6\u5728\u4efb\u4f55\u666f\u6c23\u5faa\u74b0\u4e0b\u7684\u5e95\u9650\u3002\u80a1\u7968\u56e0\u6709\u8cc7\u672c\u5229\u5f97\u52a0\u80a1\u5229\u76f8\u52a0\u8003\u91cf\u8f03\u4e0d\u5bb9\u6613\uff0c\u4f46\u50b5\u5238\u5c31\u5fc5\u9700\u56b4\u5b88\u9019\u500b\u6a19\u6e96\u4e86\u3002\u4ed6\u4e00\u751f\u7d93\u904e\u7121\u6578\u6b21\u7684\u5927\u98a8\u5927\u6d6a\uff0c\u60f3\u5f97\u5be6\u5728\u5f88\u900f\u5fb9\uff0c\u4e00\u822c\u4eba\u5f88\u96e3\u548c\u4ed6\u76f8\u6bd4\uff0c\u5373\u4f7f\u5728\u6240\u6709\u6295\u8cc7\u7684\u5927\u5e2b\u4e2d\uff0c\u6211\u8a8d\u70ba\u4ed6\u9019\u9ede\u4e5f\u61c9\u8a72\u662f\u6578\u4e00\u6578\u4e8c\u7684\u3002<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u6709\u300c\u975e\u5e38\u591a\u300d\u5730\u65b9\u503c\u5f97\u6211\u5011\u6548\u6cd5\uff0c\u800c\u4e14\u5f88\u56f0\u96e3\u7684\u5730\u65b9\u662f\u4ed6\u5e7e\u4e4e\u90fd\u8003\u91cf\u7684\u6ef4\u6c34\u4e0d\u6f0f\uff0c\u9019\u5f88\u4e0d\u5bb9\u6613\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"98\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/07\/b-1.jpg\" alt=\"\" class=\"wp-image-22016\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B5%90%E8%AA%9E\"><\/span><strong>\u7d50\u8a9e<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5efa\u8b70\u670b\u53cb\u5011\u628a\u6211\u5728\u300a<a href=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">\u8d85\u7d1a\u6210\u9577\u80a1\u6295\u8cc7\u6cd5\u5247<\/a>\u300b\u4e00\u66f8\u6700\u5f8c5-6\u5c0f\u7bc0\u88e1\u9762\u95dc\u65bc\u80a1\u7968\u5206\u5272\uff0c\u80a1\u7968\u56de\u8cfc\u7684\u90e8\u4efd\u91cd\u65b0\u770b\u4e00\u770b\uff0c\u518d\u56de\u4f86\u770b\u4e00\u904d\u9019\u7bc7\uff0c\u5c0d\u5927\u5bb6\u6703\u6709\u5e6b\u52a9\u7684\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>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/16\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e8%b2%b7%e5%85%a5%e8%82%a1%e7%a5%a8%e5%85%b1%e5%90%8c%e6%a2%9d%e4%bb%b6\/\">\u5df4\u83f2\u7279\u6240\u8cb7\u5165\u80a1\u7968\u7684\u5171\u540c\u689d\u4ef6<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/12\/16\/%e8%82%a1%e7%a5%a8%e5%9b%9e%e8%b3%bc\/\">\u860b\u679c\u7684\u591a\u91cd\u9577\u671f\u8907\u5229\u8cc7\u672c\u934a\u91d1\u8853\u6839\u672c\u539f\u56e0\uff1a\u662f12\u5e74\u9593\u4f7f\u5728\u5916\u6d41\u901a\u80a1\u6e1b\u5c11\u4e8641.9%\u7684\u80a1\u7968\u56de\u8cfc<\/a>\u300b<\/li>\n\n\n\n<li><span style=\"font-size: revert;\">\u300a<\/span><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/08\/%E5%B7%B4%E8%8F%B2%E7%89%B987%E7%9A%84%E8%82%A1%E5%88%A9%E4%BE%86%E8%87%AA%E9%80%997%E6%AA%94%E8%82%A1%E7%A5%A8\/\">\u5df4\u83f2\u727987%\u7684\u80a1\u5229\u4f86\u81ea\u90197\u6a94\u80a1\u7968<\/a><span style=\"font-size: revert;\">\u300b<\/span><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%8C%81%E8%82%A1%E7%9A%84%E5%85%B1%E5%90%8C%E6%80%A7\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5df4\u83f2\u7279\u6301\u80a1\u76843\u5927\u5171\u540c\u6027-\u4fbf\u5b9c\u3001\u56fa\u5b9a\u914d\u606f\u3001\u5eab\u85cf\u80a1<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/03\/22\/%e8%82%a1%e7%a5%a8%e5%9b%9e%e8%b3%bc%e4%bd%bf%e7%86%8a%e5%b8%82%e7%8d%b2%e5%be%97%e6%94%af%e6%92%90\/\">\u80a1\u7968\u56de\u8cfc\u80fd\u4f7f\u80a1\u50f9\u7372\u5f97\u652f\u6490<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/08\/01\/%E5%B7%B4%E8%8F%B2%E7%89%B9%E5%B0%8D%E8%82%A1%E7%A5%A8%E5%9B%9E%E8%B3%BC%E7%9A%84%E7%9C%8B%E6%B3%95\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5df4\u83f2\u7279\u5c0d\u80a1\u7968\u56de\u8cfc\u7684\u770b\u6cd5<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/06\/16\/%e9%80%9a%e7%94%a8%e6%b1%bd%e8%bb%8a%e8%87%b3%e4%bb%8a%e4%b8%8a%e6%bc%b230%e6%98%af%e8%b3%87%e6%9c%ac%e6%93%8d%e4%bd%9c%e7%9a%84%e5%85%b8%e7%af%84\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u8cc7\u672c\u64cd\u4f5c\u624d\u662f\u901a\u7528\u6c7d\u8eca\uff08General Motors\uff09\u4eca\u5e74\u81f3\u4eca\u4e0a\u6f3230%\u7684\u6839\u672c\u56e0\u7d20<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/12\/18\/%e9%97%9c%e6%96%bc%e8%98%8b%e6%9e%9c%e7%9a%84%e8%82%a1%e7%a5%a8%e5%9b%9e%e8%b3%bc%ef%bc%8c%e8%bc%9d%e9%81%94%e8%b3%87%e6%9c%ac%e6%93%8d%e4%bd%9c%ef%bc%8c%e7%89%b9%e6%96%af%e6%8b%89%ef%bc%8c%e4%ba%ba\/\">\u95dc\u65bc\u860b\u679c\u7684\u80a1\u7968\u56de\u8cfc\uff0c\u8f1d\u9054\u7684\u8cc7\u672c\u64cd\u4f5c\uff0c\u7279\u65af\u62c9\uff0c\u4eba\u5de5\u667a\u6167\u6ce1\u6cab\u5316\uff0cWillow\u91cf\u5b50\u6676\u7247<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/27\/%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%8C%81%E8%82%A1%E7%9A%84%E5%85%B1%E5%90%8C%E6%80%A7\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5df4\u83f2\u7279\u6301\u80a1\u76843\u5927\u5171\u540c\u6027-\u4fbf\u5b9c\u3001\u56fa\u5b9a\u914d\u606f\u3001\u5eab\u85cf\u80a1<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/06\/16\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%84%e6%8a%95%e8%b3%87%e7%b5%84%e5%90%88%e4%b8%ad%e7%9a%8479%e5%83%85%e6%8a%95%e8%b3%87%e6%96%bc6%e6%aa%94%e8%82%a1%e7%a5%a8\/\">\u5df4\u83f2\u7279\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\u768479%\u50c5\u6295\u8cc7\u65bc6\u6a94\u80a1\u7968<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/03\/20\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%98%af%e5%a6%82%e4%bd%95%e5%bb%ba%e6%a7%8b%e4%bb%96%e7%9a%84%e9%95%b7%e6%9c%9f%e6%8a%95%e8%b3%87%e7%b5%84%e5%90%88%e7%9a%84\/\">\u5df4\u83f2\u7279\u662f\u5982\u4f55\u5efa\u69cb\u4ed6\u7684\u9577\u671f\u6295\u8cc7\u7d44\u5408\u7684<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/07\/27\/%E7%9B%B8%E4%BF%A1%E6%88%90%E5%8A%9F%E6%8A%95%E8%B3%87%E4%BA%BA%E6%98%AF%E5%80%96%E5%AD%98%E8%80%85%E5%81%8F%E8%AA%A4%E7%9A%84%E4%BA%BA%E4%B8%8D%E5%8F%AF%E8%83%BD%E6%88%90%E5%8A%9F\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/02\/20\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%8c%81%e8%82%a1%e8%b6%85%e9%81%8e20%e7%9a%84%e4%bc%81%e6%a5%ad\/\">\u5df4\u83f2\u7279\u6301\u80a1\u8d85\u904e20%\u7684\u4f01\u696d<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/10\/13\/%e7%8f%be%e4%bb%a3%e6%8a%95%e8%b3%87%e7%b5%84%e5%90%88%e7%90%86%e8%ab%96%e7%82%ba%e4%bd%95%e4%b8%8d%e5%90%88%e7%90%86%ef%bc%9f\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u73fe\u4ee3\u6295\u8cc7\u7d44\u5408\u7406\u8ad6\u70ba\u4f55\u4e0d\u5408\u7406\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/10\/07\/%e6%95%88%e7%8e%87%e5%b8%82%e5%a0%b4\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6548\u7387\u5e02\u5834<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/10\/20\/%e6%80%9d%e8%80%83%e4%b8%8d%e8%83%bd%e5%a4%96%e5%8c%85\/\">\u601d\u8003\u4e0d\u80fd\u5916\u5305<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/17\/%e9%95%b7%e6%9c%9f%e6%8c%81%e8%82%a1%e7%9a%84%e5%8f%af%e8%83%bd%e6%80%a7\/\">\u9577\u671f\u6301\u80a1\u7684\u53ef\u80fd\u6027\uff0c\u5df4\u83f2\u7279\u6301\u80a1\u7684\u5be6\u969b\u6848\u4f8b<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/12\/14\/%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%98%AF%E5%90%A6%E4%B8%8D%E5%86%8D%E9%95%B7%E6%9C%9F%E6%8C%81%E6%9C%89%E8%82%A1%E7%A5%A8%E4%BA%86%EF%BC%9F\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5df4\u83f2\u7279\u662f\u5426\u4e0d\u518d\u9577\u671f\u6301\u6709\u80a1\u7968\u4e86\uff1f\u53f0\u7a4d\u96fb\u3001\u60e0\u666e\u3001\u7f8e\u570b\u5408\u773e\u9280\u884c\u6848\u4f8b\u5206\u6790<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/03\/20\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%98%af%e5%a6%82%e4%bd%95%e5%bb%ba%e6%a7%8b%e4%bb%96%e7%9a%84%e9%95%b7%e6%9c%9f%e6%8a%95%e8%b3%87%e7%b5%84%e5%90%88%e7%9a%84\/\">\u5df4\u83f2\u7279\u662f\u5982\u4f55\u5efa\u69cb\u4ed6\u7684\u9577\u671f\u6295\u8cc7\u7d44\u5408\u7684<\/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\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/07\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%84%e6%8a%95%e8%b3%87%e6%83%b3%e6%b3%95%e7%9a%84\/\">\u5df4\u83f2\u7279\u662f\u5982\u4f55\u767c\u6398\u6295\u8cc7\u60f3\u6cd5\u7684\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/07\/27\/%E7%9B%B8%E4%BF%A1%E6%88%90%E5%8A%9F%E6%8A%95%E8%B3%87%E4%BA%BA%E6%98%AF%E5%80%96%E5%AD%98%E8%80%85%E5%81%8F%E8%AA%A4%E7%9A%84%E4%BA%BA%E4%B8%8D%E5%8F%AF%E8%83%BD%E6%88%90%E5%8A%9F\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u76f8\u4fe1\u6210\u529f\u6295\u8cc7\u4eba\u662f\u5016\u5b58\u8005\u504f\u8aa4\u7684\u4eba\u4e0d\u53ef\u80fd\u6210\u529f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/08\/10\/%E9%96%B1%E8%AE%80%E5%B0%8D%E6%8A%95%E8%B3%87%E7%9A%84%E5%BF%85%E8%A6%81%E6%80%A7\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u95b1\u8b80\u5c0d\u6295\u8cc7\u7684\u7121\u53ef\u53d6\u4ee3\u548c\u5fc5\u8981\u6027<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/01\/12\/%E5%88%86%E6%9E%90%E5%B8%AB%E7%9A%84%E5%A0%B1%E5%91%8A%E9%83%BD%E4%B8%80%E7%84%A1%E6%98%AF%E8%99%95%E5%97%8E%EF%BC%9F\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5206\u6790\u5e2b\u7684\u5831\u544a\u90fd\u4e00\u7121\u662f\u8655\u55ce\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/07\/27\/%E7%9B%B8%E4%BF%A1%E6%88%90%E5%8A%9F%E6%8A%95%E8%B3%87%E4%BA%BA%E6%98%AF%E5%80%96%E5%AD%98%E8%80%85%E5%81%8F%E8%AA%A4%E7%9A%84%E4%BA%BA%E4%B8%8D%E5%8F%AF%E8%83%BD%E6%88%90%E5%8A%9F\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/06\/17\/%E6%9B%BE%E7%B6%93%E5%B7%B4%E8%8F%B2%E7%89%B9%E5%92%8C%E8%92%99%E6%A0%BC%E9%83%BD%E8%AE%9A%E8%AD%BD%E6%9C%89%E4%BD%B3%E7%9A%84%E9%87%8D%E8%A6%81%E6%8C%81%E8%82%A1%E5%AF%8C%E5%9C%8B%E9%8A%80%E8%A1%8C\/\">\u5bcc\u570b\u9280\u884c\u5982\u4f55\u8cfa\u9322\uff1f\u66fe\u7d93\u5df4\u83f2\u7279\u548c\u8499\u683c\u90fd\u8b9a\u8b7d\u6709\u52a0<\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/02\/22\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%842025%e5%b9%b4%e8%87%b4%e6%b3%a2%e5%85%8b%e5%a4%8f%e8%82%a1%e6%9d%b1%e4%bf%a1\/\">\u5df4\u83f2\u7279\u76842025\u5e74\u81f4\u6ce2\u514b\u590f\u80a1\u6771\u4fe1<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/02\/25\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%842024%e5%b9%b4%e8%87%b4%e6%b3%a2%e5%85%8b%e5%a4%8f%e8%82%a1%e6%9d%b1%e4%bf%a1\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5df4\u83f2\u7279\u76842024\u5e74\u81f4\u6ce2\u514b\u590f\u80a1\u6771\u4fe1<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/02\/26\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%842023%e5%b9%b4%e5%ba%a6%e8%82%a1%e6%9d%b1%e4%bf%a1\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5df4\u83f2\u7279\u76842023\u5e74\u81f4\u6ce2\u514b\u590f\u80a1\u6771\u4fe1<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/05\/05\/2024%E5%B9%B4%E6%B3%A2%E5%85%8B%E5%A4%8F%E8%82%A1%E6%9D%B1%E5%B9%B4%E6%9C%83%E5%85%A8%E8%A8%98%E9%8C%84\/\" target=\"_blank\" rel=\"noreferrer noopener\">2024\u5e74\u6ce2\u514b\u590f\u80a1\u6771\u5e74\u6703\u6587\u5b57\u548c\u9304\u5f71\u4e2d\u82f1\u6587\u5168\u8a18\u9304<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/05\/09\/2023%e5%b9%b4%e6%b3%a2%e5%85%8b%e5%a4%8f%e8%82%a1%e6%9d%b1%e5%b9%b4%e6%9c%83%e5%85%a8%e8%a8%98%e9%8c%84\/\" target=\"_blank\" rel=\"noreferrer noopener\">2023\u5e74\u6ce2\u514b\u590f\u80a1\u6771\u5e74\u6703\u5168\u8a18\u9304<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/26\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%94%9f%e5%b9%b3%e7%9a%84%e7%ac%ac%e4%b8%80%e6%ac%a1%e9%9b%bb%e8%a6%96%e5%b0%88%e8%a8%aa\/\">\u5df4\u83f2\u7279\u751f\u5e73\u7684\u7b2c\u4e00\u6b21\u96fb\u8996\u5c08\u8a2a<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/02\/17\/%e8%92%99%e6%a0%bc2023%e5%b9%b4%e6%af%8f%e6%97%a5%e6%9c%9f%e5%88%8a%e8%82%a1%e6%9d%b1%e6%9c%83%e9%80%90%e5%ad%97%e5%af%a6%e9%8c%84\/\">\u8499\u683c2023\u5e74\u6bcf\u65e5\u671f\u520a\u80a1\u6771\u6703\u9010\u5b57\u5be6\u9304<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/17\/%e9%9d%9e%e5%85%b8%e5%9e%8b%e7%b6%93%e7%87%9f%e8%80%85%e7%9a%84%e6%88%90%e5%8a%9f%e6%b3%95%e5%89%87\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u975e\u5178\u578b\u7d93\u71df\u8005\u7684\u6210\u529f\u6cd5\u5247\uff08Outsiders\uff09<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/17\/%e8%a6%aa%e6%84%9b%e7%9a%84%e8%82%a1%e6%9d%b1%ef%bc%88dear-shareholder%ef%bc%89\/\">\u89aa\u611b\u7684\u80a1\u6771\uff08Dear Shareholder\uff09<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p><em><strong>\u91cd\u8981\u8072\u660e<\/strong><\/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>\u6211\u6700\u8fd1\u628a\u5df4\u83f2\u7279\u6301\u80a1\u90fd\u5927\u81f4\u700f\u89bd\u4e86\u4e00\u904d\uff0c\u6211\u6709\u4e9b\u8f03\u5927\u7684\u767c\u73fe\u3002\u5df4\u83f2\u7279\u57fa\u672c\u4e0a\u53ea\u6295\u8cc7\u6709\u56fa\u5b9a\u73fe\u91d1\u6d41\u6536\u5165\u7684\u516c\u53f8\uff0c\u559c\u6b61\u7a4d\u6975\u5be6\u65bd\u80a1\u7968\u56de\u8cfc\u7684\u516c\u53f8\uff0c\u6301\u80a1\u5e7e\u4e4e\u90fd\u6709\u80a1\u5229\uff0c\u559c\u6b61\u4fbf\u5b9c\u7684\u516c\u53f8 \u3002<\/p>\n","protected":false},"author":1,"featured_media":22016,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98,184,31,488,320,406,310,744,101,102,485],"tags":[169,748,392,562,420,421,372,847,843,240,257,475,737,276,122,740,846,844,854,225,842,107,845],"class_list":["post-14400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buffett","category-bond","category-value-investing","category-margin-of-safety","category-pe","category-charlie-munger","category-fcf","category-pb-ratio","category-dividend","category-repurchase","category-free-cash-flow","tag-aapl","tag-axp","tag-bac","tag-bk","tag-brk-a","tag-brk-b","tag-byddf","tag-chtr","tag-cvx","tag-gm","tag-gs","tag-hpq","tag-itocy","tag-ko","tag-mco","tag-mitsy","tag-mufg","tag-oxy","tag-ssp","tag-tsla","tag-usb","tag-vz","tag-y"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/14400","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=14400"}],"version-history":[{"count":1,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/14400\/revisions"}],"predecessor-version":[{"id":74985,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/14400\/revisions\/74985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/22016"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=14400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=14400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=14400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}