{"id":1572,"date":"2021-06-23T23:52:56","date_gmt":"2021-06-23T15:52:56","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=1572"},"modified":"2024-07-12T12:40:43","modified_gmt":"2024-07-12T04:40:43","slug":"%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e7%9a%84%e4%bb%8a%e6%98%94","status":"publish","type":"post","link":"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\/","title":{"rendered":"\u50f9\u503c\u6295\u8cc7\u7684\u4eca\u6614"},"content":{"rendered":"\n<p class=\"has-medium-font-size\"><strong>\u7814\u7a76\u5df4\u83f2\u7279\u662f\u6295\u8cc7\u8005\u7684\u7b2c\u4e00\u6b65<\/strong> <\/p>\n\n\n\n<p>\u524d\u4e9b\u65e5\u5b50\u6211\u767c\u8868\u904e<a href=\"https:\/\/www.granitefirm.com\/blog\/investing-methods\/long-term-investing\/\u6211\u70ba\u4f55\u9752\u775e\u6210\u9577\u80a1\u800c\u975e\u50f9\u503c\u80a1\uff1f\/\">\u300a\u6211\u70ba\u4f55\u9752\u775e\u6210\u9577\u80a1\u800c\u975e\u50f9\u503c\u80a1\uff1f\u300b<\/a>\u4e00\u6587\uff0c\u6839\u64da\u8b80\u8005\u7684\u53cd\u61c9\uff0c\u6211\u60f3\u9084\u662f\u5fc5\u9808\u628a\u6211\u5c0d\u50f9\u503c\u6295\u8cc7\u7684\u770b\u6cd5\u518d\u5411\u8b80\u8005\u8aaa\u660e\u6e05\u695a\u3002<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u73cd\u8cb4\u7684\u5730\u65b9\u5728\u65bc\u4ed6\u80fd\u5920\u4ee5\u5927\u773e\u5316\u6dfa\u986f\u7684\u767d\u8a71\u6587\uff0c\u52a0\u4e0a\u7121\u79c1\u5730\u516c\u958b\u81ea\u5df1\u7562\u751f\u7684\u5be6\u969b\u7d93\u9a57\uff0c\u4f86\u8aaa\u660e\u6df1\u5967\u7684\u6295\u8cc7\u771f\u7406\u3002\u6211\u81ea\u5df1\u7684\u9a57\u8b49\u548c\u9ad4\u6703\u4e5f\u8b49\u660e\u4ed6\u6c92\u6709\u9a19\u4eba\uff0c\u6211\u6642\u5e38\u5efa\u8b70\u8b80\u8005\u6216\u6295\u8cc7\u8005\uff0c\u7814\u7a76\u5df4\u83f2\u7279\u662f\u80a1\u7968\u6295\u8cc7\u7684\u7b2c\u4e00\u6b65\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\" 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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\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%97%A9%E5%B7%B2%E6%94%BE%E6%A3%84%E9%9B%AA%E8%8C%84%E7%85%99%E5%B1%81%E8%82%A1%E6%8A%95%E8%B3%87%E6%B3%95\" >\u5df4\u83f2\u7279\u65e9\u5df2\u653e\u68c4\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5<\/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\/2021\/06\/23\/%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e7%9a%84%e4%bb%8a%e6%98%94\/#%E4%B8%8D%E8%A6%81%E9%91%BD%E7%89%9B%E8%A7%92%E5%B0%96%E5%9C%A8%E5%90%8D%E8%A9%9E%E6%88%96%E9%96%80%E6%B4%BE%E4%B8%8A%EF%BC%8C%E5%9B%A0%E7%82%BA%E6%A0%B9%E6%9C%AC%E4%B8%8D%E9%87%8D%E8%A6%81\" >\u4e0d\u8981\u947d\u725b\u89d2\u5c16\u5728\u540d\u8a5e\u6216\u9580\u6d3e\u4e0a\uff0c\u56e0\u70ba\u6839\u672c\u4e0d\u91cd\u8981<\/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\/2021\/06\/23\/%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e7%9a%84%e4%bb%8a%e6%98%94\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%A2%9E%E9%95%B7%E6%98%AF%E5%83%B9%E5%80%BC%E7%9A%84%E4%B8%80%E9%83%A8%E4%BB%BD\"><\/span><strong>\u589e\u9577\u662f\u50f9\u503c\u7684\u4e00\u90e8\u4efd<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>1992\u5e74\u4ed6\u66fe\u5411\u80a1\u6771\u8868\u793a\u300c\u50f9\u503c\u548c\u589e\u9577\u8a31\u591a\u6295\u8cc7\u5c08\u696d\u4eba\u58eb\u5c07\u9019\u5169\u500b\u8853\u8a9e\u7684\u4efb\u4f55\u6df7\u5408\u8996\u70ba\u4e00\u7a2e\u667a\u529b\u8b8a\u88dd\u5f62\u5f0f\u3002 \u6211\u5011\u8a8d\u70ba\u9019\u662f\u6a21\u7cca\u7684\u601d\u7dad\u3002 \u5728\u6211\u5011\u770b\u4f86\uff0c\u9019\u5169\u7a2e\u65b9\u6cd5\u662f\u76f8\u8f14\u76f8\u6210\u7684\uff1a\u589e\u9577\u59cb\u7d42\u662f\u50f9\u503c\u8a08\u7b97\u7684\u4e00\u500b\u7d44\u6210\u90e8\u5206\uff0c\u69cb\u6210\u4e86\u4e00\u500b\u8b8a\u91cf\uff0c\u5176\u91cd\u8981\u6027\u53ef\u4ee5\u5f9e\u5fae\u4e0d\u8db3\u9053\u5230\u5de8\u5927\uff0c\u5176\u5f71\u97ff\u53ef\u4ee5\u662f\u6d88\u6975\u7684\u4e5f\u53ef\u4ee5\u662f\u7a4d\u6975\u7684\u3002 \u6b64\u5916\uff0c\u6211\u5011\u8a8d\u70ba\u50f9\u503c\u6295\u8cc7\u9019\u500b\u8a5e\u662f\u591a\u9918\u7684\u3002 \u5982\u679c\u4e0d\u662f\u5c0b\u6c42\u81f3\u5c11\u8db3\u4ee5\u8b49\u660e\u652f\u4ed8\u91d1\u984d\u5408\u7406\u7684\u50f9\u503c\u7684\u884c\u70ba\uff0c\u90a3\u9ebc\u6295\u8cc7\u662f\u4ec0\u9ebc\uff1f\u300d<\/p>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%97%A9%E5%B7%B2%E6%94%BE%E6%A3%84%E9%9B%AA%E8%8C%84%E7%85%99%E5%B1%81%E8%82%A1%E6%8A%95%E8%B3%87%E6%B3%95\"><\/span><strong>\u5df4\u83f2\u7279\u65e9\u5df2\u653e\u68c4\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5 <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5df4\u83f2\u7279\u5176\u5be6\u5e74\u7d00\u6108\u9577\u5f8c\uff0c\u8207\u5176\u6069\u5e2b\u845b\u62c9\u6f22\u7684\u6295\u8cc7\u65b9\u5f0f\u662f\u6700\u5178\u578b\u7684\u50f9\u503c\u578b\u6295\u8cc7\uff08\u4e5f\u5c31\u662f\u53ea\u770b\u8ca1\u5831\u6578\u5b57\uff0c\u91cd\u8996\u91cf\u5316\u7684\u5de5\u4f5c\uff1b\u4e5f\u5c31\u662f\u6240\u8b02\u7684\u300c\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5\u300d\uff09\u5df2\u7d93\u6f38\u884c\u6f38\u9060\u3002\u5df4\u83f2\u7279\u6295\u8cc7\u751f\u6daf\u7684\u4e00\u958b\u59cb\u4e5f\u662f\u5b8c\u5168\u63a1\u7528\u845b\u62c9\u6f22\u7684\u96ea\u8304\u7159\u5c41\u80a1\u7684\u6295\u8cc7\u65b9\u5f0f\uff0c\u5f8c\u4f86\u8b80\u4e86\u8cbb\u96ea\u7684\u66f8\u300a<a href=\"https:\/\/www.amazon.com\/Common-Stocks-Uncommon-Profits-Writings\/dp\/0471445509\" target=\"_blank\" rel=\"noreferrer noopener\">\u975e\u5e38\u6f5b\u529b\u80a1\uff08Common Stocks and Uncommon Profits and Other Writings\uff09<\/a>\u300b\uff0c\u548c\u53d7\u5230\u526f\u624b\u642d\u6a94\u8499\u683c\u7684\u5f71\u97ff\u5f8c\uff1b\u6108\u5230\u5f8c\u4f86\u548c\u845b\u62c9\u6f22\u4e3b\u5f35\u7684\u50f9\u503c\u578b\u6295\u8cc7\u65b9\u5f0f\u6108\u5dee\u6108\u5927\u3002\u5169\u8005\u4e3b\u8981\u7684\u5dee\u5225\u5c31\u662f\u5df4\u83f2\u7279\u5728\u6295\u8cc7\u6642\u8003\u91cf\u66f4\u591a\u7684\u975e\u91cf\u5316\u7684\u56e0\u7d20\uff0c\u800c\u4e14\u4ed6\u5f8c\u4f86\u9818\u609f\u51fa\u5982\u6211\u5728<a href=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" target=\"_blank\" rel=\"noopener\">\u300a\u8d85\u7d1a\u6210\u9577\u80a1\u6295\u8cc7\u6cd5\u5247\u300b<\/a>\u4e00\u66f8\u88e1\u97625-2\u5c0f\u7bc0\u6240\u5f37\u8abf\u7684\uff0c\u50cf\u662f\u4f01\u696d\u7d93\u71df\u7ba1\u7406\u5718\u968a\u7684\u80fd\u529b\u3001\u6cd5\u898f\u76e3\u7ba1\u3001\u4f01\u696d\u6587\u5316\u3001\u516c\u53f8\u6240\u8655\u7522\u696d\u7684\u7279\u6027\u3001\u5546\u696d\u6a21\u5f0f\u3001\u4f01\u696d\u662f\u5426\u5177\u6709\u6301\u4e45\u7684\u7af6\u722d\u529b\u22ef\u22ef\u7b49\u56e0\u7d20\u90fd\u7121\u6cd5\u88ab\u91cf\u5316\uff0c\u800c\u9019\u4e9b\u975e\u91cf\u5316\u7684\u56e0\u7d20\u6709\u6642\u5c0d\u80a1\u50f9\u7684\u5f71\u97ff\u53cd\u800c\u8f03\u5927\uff1b\u7279\u5225\u662f\u80a1\u50f9\u7684\u9577\u671f\u8d70\u52e2\u3002<\/p>\n\n\n\n<p>\u845b\u62c9\u6f22\u7684\u5e74\u4ee3\u53ef\u4ee5\u7528\u4ed6\u7684\u50f9\u503c\u578b\u6295\u8cc7\u65b9\u6cd5\uff0c\u627e\u51fa\u4e0d\u5c11\u503c\u5f97\u6295\u8cc7\u7684\u6a19\u7684\u3002\u5728\u4ed6\u90a3\u500b\u5e74\u4ee3\u7d10\u7d04\u8b49\u5238\u4ea4\u6613\u6240\u5927\u7d04\u6709600\u6a94\u80a1\u7968\uff08\u73fe\u5728\u7f8e\u80a1\u7d04\u67094,000\u591a\u5bb6\u4e0a\u5e02\u4f01\u696d\uff09\uff0c1929\u5e74\u5927\u5d29\u76e4\u6642\u53ef\u4ee5\u627e\u5230\u5927\u7d04\u67091\/3\u80a1\u50f9\u4f4e\u65bc\u4f01\u696d\u6de8\u503c\u7684\u80a1\u7968\uff0c\u751a\u81f3\u65bc\u670950\u6a94\u7684\u80a1\u50f9\u6bd4\u4f01\u696d\u6240\u6301\u6709\u7684\u5e33\u4e0a\u73fe\u91d1\u9084\u4f4e\u3002\u4f46\u662f\u5982\u679c\u57f7\u8457\u65bc\u63a1\u7528\u845b\u62c9\u6f22\u6700\u539f\u59cb\u7684\u50f9\u503c\u578b\u6295\u8cc7\u65b9\u6cd5\uff08\u53ea\u9760\u6578\u5b57\u6216P\/B\u503c\uff09\uff0c\u975e\u5e38\u96e3\u627e\u5230\u9069\u5408\u7684\u80a1\u7968\u7684\uff08\u53ea\u6709\u5728\u5341\u5e74\u96e3\u5f97\u4e00\u898b\u7684\u5d29\u76e4\u7684\u5e02\u5834\u8c37\u5e95\u6642\u624d\u6709\u5c11\u8a31\u7684\u6a5f\u6703\uff0c\u800c\u4e14\u9019\u7a2e\u6a5f\u6703\u5728\u7f8e\u80a1\u4e5f\u6108\u4f86\u6108\u5c11\uff1b\u7b87\u4e2d\u539f\u56e0\u5f88\u591a\uff0c\u5728\u6b64\u4e0d\u8a73\u8ff0\uff09\u3002\u6642\u4ee3\u5728\u9032\u5316\uff0c\u6295\u8cc7\u65b9\u5f0f\u4e5f\u5fc5\u9808\u5982\u6b64\uff01\u9019\u4e5f\u662f\u5df4\u83f2\u7279\u5049\u5927\u4e4b\u8655\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"168\" height=\"95\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/09\/shutterstock-1600x1200-1.jpg\" alt=\"\u50f9\u503c\u6295\u8cc7\" class=\"wp-image-25454\"\/><figcaption class=\"wp-element-caption\">credit: shutterstock<\/figcaption><\/figure>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%8D%E8%A6%81%E9%91%BD%E7%89%9B%E8%A7%92%E5%B0%96%E5%9C%A8%E5%90%8D%E8%A9%9E%E6%88%96%E9%96%80%E6%B4%BE%E4%B8%8A%EF%BC%8C%E5%9B%A0%E7%82%BA%E6%A0%B9%E6%9C%AC%E4%B8%8D%E9%87%8D%E8%A6%81\"><\/span><strong>\u4e0d\u8981\u947d\u725b\u89d2\u5c16\u5728\u540d\u8a5e\u6216\u9580\u6d3e\u4e0a\uff0c\u56e0\u70ba\u6839\u672c\u4e0d\u91cd\u8981<\/strong><span 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