{"id":18738,"date":"2022-08-20T23:56:00","date_gmt":"2022-08-20T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=18738"},"modified":"2025-02-25T09:02:55","modified_gmt":"2025-02-25T01:02:55","slug":"%e6%8a%95%e8%b3%87%e6%84%88%e7%b0%a1%e5%96%ae%e6%84%88%e5%a5%bd","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/20\/%e6%8a%95%e8%b3%87%e6%84%88%e7%b0%a1%e5%96%ae%e6%84%88%e5%a5%bd\/","title":{"rendered":"\u6295\u8cc7\u6108\u7c21\u55ae\u6108\u597d"},"content":{"rendered":"\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 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href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/20\/%e6%8a%95%e8%b3%87%e6%84%88%e7%b0%a1%e5%96%ae%e6%84%88%e5%a5%bd\/#%E8%A4%87%E9%9B%9C%E5%AE%B9%E6%98%93%E5%87%BA%E9%8C%AF\" >\u8907\u96dc\u5bb9\u6613\u51fa\u932f<\/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\/08\/20\/%e6%8a%95%e8%b3%87%e6%84%88%e7%b0%a1%e5%96%ae%e6%84%88%e5%a5%bd\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E5%85%AC%E5%B8%83%E9%81%8E%E7%9A%84%E5%85%AD%E5%A4%A7%E6%8A%95%E8%B3%87%E5%8E%9F%E5%89%87\" >\u5df4\u83f2\u7279\u516c\u5e03\u904e\u7684\u516d\u5927\u6295\u8cc7\u539f\u5247<\/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\/08\/20\/%e6%8a%95%e8%b3%87%e6%84%88%e7%b0%a1%e5%96%ae%e6%84%88%e5%a5%bd\/#%E7%B0%A1%E5%96%AE%E5%95%86%E6%A5%AD%E6%A8%A1%E5%BC%8F%E7%9A%84%E4%BC%81%E6%A5%AD%E6%9B%B4%E5%A5%BD\" 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href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/20\/%e6%8a%95%e8%b3%87%e6%84%88%e7%b0%a1%e5%96%ae%e6%84%88%e5%a5%bd\/#%E9%95%B7%E6%9C%9F%E8%83%BD%E7%B6%AD%E6%8C%81%E7%B0%A1%E5%96%AE%E6%89%8D%E6%98%AF%E4%B8%8A%E7%AD%96\" >\u9577\u671f\u80fd\u7dad\u6301\u7c21\u55ae\u624d\u662f\u4e0a\u7b56<\/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\/08\/20\/%e6%8a%95%e8%b3%87%e6%84%88%e7%b0%a1%e5%96%ae%e6%84%88%e5%a5%bd\/#%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=\"%E5%B7%B4%E8%8F%B2%E6%9C%80%E6%9C%89%E5%93%B2%E7%90%86%E7%9A%84%E4%B8%80%E5%8F%A5%E8%A9%B1\"><\/span>\u5df4\u83f2\u6700\u6709\u54f2\u7406\u7684\u4e00\u53e5\u8a71<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6211\u4e4b\u524d\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\u7684\u7b2c\u4e00\u7ae0\u4e00\u958b\u59cb\u76841-1\u5c0f\u7bc0\u7684\u5f15\u8a00\uff0c\u6211\u5c31\u7528\u4e86\u5df4\u83f2\u7279\u5728\u6295\u8cc7\u9019\u9580\u5b78\u554f\u4e0a\u5f88\u6709\u5f71\u97ff\u529b\u7684\u54f2\u5b78\u8abe\u8ff0\u7684\u4e00\u53e5\u540d\u8a00\u300c\u6295\u8cc7\u5f88\u7c21\u55ae\uff0c\u4f46\u662f\u4e26\u4e0d\u5bb9\u6613\u3002\u300d\u6211\u500b\u4eba\u8a8d\u70ba\uff0c\u6240\u6709\u7684\u6295\u8cc7\u4eba\u597d\u597d\u5730\u90fd\u61c9\u8a72\u628a\u9019\u53e5\u8a71\u60f3\u6e05\u695a\uff0c\u66b8\u89e3\u9019\u53e5\u8a71\u80cc\u5f8c\u7684\u610f\u6db5\uff1b\u60f3\u6e05\u695a\u7684\u8a71\uff0c\u5c0d\u60a8\u7d55\u5c0d\u6703\u6709\u5e6b\u52a9\u7684\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BF%9D%E6%8C%81%E7%B0%A1%E5%96%AE%E6%98%AF%E5%A4%A7%E5%B8%AB%E7%9A%84%E5%85%B1%E8%AD%98\"><\/span>\u4fdd\u6301\u7c21\u55ae\u662f\u5927\u5e2b\u7684\u5171\u8b58<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5f7c\u5f97\uff0e\u6797\u5340\u5e38\u5f15\u7528\u4e00\u53e5\u4ed6\u6700\u559c\u6b61\u7684\u683c\u8a00\u300c\u5982\u679c\u60a8\u4e0d\u4e86\u89e3\u4e00\u5bb6\u516c\u53f8\uff0c\u5982\u679c\u60a8\u7121\u6cd5\u5728 2 \u5206\u9418\u6216\u66f4\u77ed\u7684\u6642\u9593\u5167\u5411 10 \u6b72\u7684\u5b69\u5b50\u89e3\u91cb\u5b83\uff0c\u8acb\u4e0d\u8981\u64c1\u6709\u5b83\u3002\u300d\u7406\u67e5\u00b7\u8cbb\u66fc\u8aaa\u904e\uff1a\u300c\u5982\u679c\u6211\u5011\u7121\u6cd5\u5411\u5927\u4e00\u65b0\u751f\u89e3\u91cb\u6e05\u695a\uff0c\u6211\u5011\u5c31\u4e0d\u662f\u771f\u6b63\u7406\u89e3\u5b83\u3002\u300d<\/p>\n\n\n\n<p>\u591a\u6578\u53f2\u4e0a\u88ab\u516c\u8a8d\u662f\u5049\u5927\u7684\u6295\u8cc7\u4eba\uff0c\u5927\u90e8\u4efd\u90fd\u662f\u4e00\u4eba\u9032\u884c\u6c7a\u7b56\u3002\u9019\u9ede\u4e00\u5b9a\u8d85\u4e4e\u591a\u6578\u7684\u6563\u6236\u6295\u8cc7\u4eba\u7684\u60f3\u50cf\u3002<strong>\u5e7e\u4e4e\u6240\u6709\u5049\u5927\u7684\u6295\u8cc7\u4eba\u90fd\u662f\u300c\u7368\u81ea\u4e00\u4eba\u300d\u9032\u884c\u6295\u8cc7\u7684\u5224\u65b7\u548c\u6c7a\u7b56\uff0c\u9019\u662f\u6975\u70ba\u91cd\u8981\u7684\u4e00\u9ede<\/strong>\u3002\u6211\u5728\u6211\u7684\u90e8\u843d\u683c\u6587\u7ae0\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/29\/%e5%be%9e%e4%ba%8b%e6%8a%95%e8%b3%87%e8%82%a1%e7%a5%a8%e7%9a%84%e5%84%aa%e9%bb%9e%e9%99%a4%e4%ba%86%e9%8c%a2%e4%bb%a5%e5%a4%96\/\" target=\"_blank\" rel=\"noreferrer noopener\">7\u5927\u6295\u8cc7\u80a1\u7968\u7684\u512a\u9ede\uff0c\u9664\u4e86\u9322\u4ee5\u5916<\/a>\u300b\u4e4b\u524d\u5c31\u63d0\u904e\u9019\u662f\u591a\u6295\u8cc7\u4eba\u6700\u5927\u7684\u8ff7\u601d\uff0c\u8cc7\u6e90\u591a\uff0c\u4e26\u4e0d\u662f\u512a\u52e2\uff0c\u9019\u4e00\u9ede\u662f\u80a1\u7968\u6295\u8cc7\u7684\u7279\u5225\u4e4b\u8655\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%A4%87%E9%9B%9C%E5%AE%B9%E6%98%93%E5%87%BA%E9%8C%AF\"><\/span>\u8907\u96dc\u5bb9\u6613\u51fa\u932f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5e7e\u4e4e\u6240\u6709\u53f2\u4e0a\u6700\u8457\u540d\u7684\u5049\u5927\u7684\u6295\u8cc7\u4eba\u90fd\u8868\u793a\u904e\u6295\u8cc7\u4e26\u4e0d\u662f\u4e00\u9580\u8b1b\u6c42\u7cbe\u78ba\u7684\u79d1\u5b78\u3002\u6295\u8cc7\u4e5f\u548c\u6295\u8cc7\u4eba\u7684\u667a\u5546\u7121\u95dc\uff0c\u5c31\u67d0\u7a2e\u7a0b\u5ea6\u4e0a\u4f86\u8aaa\uff0c\u6295\u8cc7\u662f\u9580\u85dd\u8853\u3002\u904e\u65bc\u8907\u96dc\u7684\u8ca1\u52d9\u6a21\u578b\u3001\u516c\u5f0f\u3001\u6307\u6a19\u8a08\u7b97\uff1b\u90fd\u6703\u4f7f\u6295\u8cc7\u8b8a\u5f97\u8907\u96dc\u5316\uff1b\u6240\u6709\u8907\u96dc\u7684\u4e8b\u7269\u90fd\u5bb9\u6613\u51fa\u932f\uff0c\u80a1\u7968\u6295\u8cc7\u4e5f\u4e0d\u4f8b\u5916\u3002\u592a\u904e\u57f7\u8457\u65bc\u6578\u503c\uff0c\u4e0d\u50c5\u5bb9\u6613\u947d\u725b\u89d2\u5c16\uff0c\u4e5f\u6703\u8b93\u4eba\u8d70\u706b\u5165\u9b54\u5730\u9032\u5165\u6b7b\u80e1\u540c\uff0c\u4f7f\u4f60\u5fd8\u8a18\u601d\u8003\uff0c\u53cd\u800c\u6703\u9677\u5165\u898b\u6a39\u4e0d\u898b\u6797\u7684\u8ff7\u601d\uff1b\u6700\u7d42\u53cd\u800c\u8b8a\u6210\u8499\u683c\u53e3\u4e2d\u300c\u624b\u4e0a\u62ff\u8457\u9435\u939a\u7684\u4eba\u770b\u5230\u4efb\u4f55\u6771\u897f\u90fd\u89ba\u5f97\u662f\u91d8\u5b50\u300d\u7684\u60c5\u5883\u3002<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u8a8d\u70ba\uff1a\u300c<a href=\"https:\/\/www.nbcnews.com\/id\/wbna24544741\" target=\"_blank\" rel=\"noreferrer noopener\">\u5982\u679c\u4f60\u9084\u5fc5\u9808\u4fdd\u6301\u5230\u5c0f\u6578\u9ede\u5f8c\u7684\u7b2c\u4e09\u4f4d\uff0c\u90a3\u5c31\u771f\u7684\u592a\u8907\u96dc\u4e86\u3002<\/a>\u300d\u4e00\u5982\u6211\u7684\u90e8\u843d\u683c\u6587\u7ae0\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/16\/%E5%AF%A7%E9%A1%98%E6%A8%A1%E7%B3%8A%E5%9C%B0%E6%AD%A3%E7%A2%BA%E4%B9%9F%E4%B8%8D%E8%A6%81%E7%B2%BE%E7%A2%BA%E5%9C%B0%E9%8C%AF%E8%AA%A4\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5be7\u9858\u6a21\u7cca\u5730\u6b63\u78ba\u4e5f\u4e0d\u8981\u7cbe\u78ba\u5730\u932f\u8aa4<\/a>\u300b\u5176\u4e2d\u6240\u8a0e\u8ad6\u7684\uff0c\u6b63\u78ba\u6027\u6bd4\u7cbe\u78ba\u6027\u91cd\u8981\u3002\u5728\u6295\u8cc7\u7684\u8def\u4e0a\uff0c\u6b63\u78ba\u548c\u7c21\u55ae\uff0c\u6c38\u9060\u52dd\u904e\u7cbe\u78ba\u548c\u8907\u96dc\u3002<\/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%E5%85%AC%E5%B8%83%E9%81%8E%E7%9A%84%E5%85%AD%E5%A4%A7%E6%8A%95%E8%B3%87%E5%8E%9F%E5%89%87\"><\/span>\u5df4\u83f2\u7279\u516c\u5e03\u904e\u7684\u516d\u5927\u6295\u8cc7\u539f\u5247<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5728\u5df4\u83f2\u7279 <a href=\"http:\/\/www.berkshirehathaway.com\/letters\/1986.html\" target=\"_blank\" rel=\"noreferrer noopener\">1986 \u5e74\u81f4\u80a1\u6771\u7684\u4fe1<\/a>\u4e2d\uff0c\u5df4\u83f2\u7279\u5217\u51fa\u4e86\u4ed6\u548c\u8499\u683c\u5728\u5c0b\u627e\u65b0\u516c\u53f8\u7684\u689d\u4ef6\u4e2d\uff0c\u5305\u62ec\u300c\u7c21\u55ae\u7684\u4f01\u696d\u300d\u3002 \u4ed6\u751a\u81f3\u8aaa\uff1a\u300c\u5982\u679c\u6709\u64c1\u6709\u5f88\u591a\u6280\u8853\uff0c\u6211\u5011\u7121\u6cd5\u66b8\u89e3\u3002\u300d<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u5728<a href=\"https:\/\/berkshirehathaway.com\/letters\/2014ltr.pdf\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/berkshirehathaway.com\/letters\/2014ltr.pdf\" rel=\"noreferrer noopener\">2014\u5e74\u6ce2\u514b\u590f\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBRK.A\u548cBRK.B\uff09\u7684\u80a1\u6771\u4fe1<\/a>\u66fe\u516c\u4f48\u4ed6\u5c0d\u6295\u8cc7\u548c\u6536\u8cfc\u5c0d\u8c61\u7684\u8981\u6c42\u6709\u5982\u4e0b\u7684\u516d\u9ede\uff0c\u975e\u5e38\u6e05\u6670\u6613\u61c2\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8db3\u5920\u5927\u7684\u4ea4\u6613\uff1b\u516c\u53f8\u7684\u7a05\u524d\u5229\u6f64\u81f3\u5c11\u8981\u6709\u7f8e\u91d1500\u842c\u5143\u3002<\/li>\n\n\n\n<li>\u8b49\u660e\u80fd\u6709\u7a4f\u5b9a\u7684\u76c8\u5229\u80fd\u529b\uff1b\u6211\u5011\u5e0c\u671b\u770b\u5230\u7684\u662f\u5df2\u7d93\u8b49\u5be6\u7684\u4f01\u696d\u6301\u7e8c\u76c8\u5229\u80fd\u529b\uff0c\u6211\u5011\u5c0d\u672a\u4f86\u9810\u671f\u6216\u671f\u5f85\u8d77\u6b7b\u56de\u751f\u90fd\u4e0d\u611f\u8208\u8da3\u3002<\/li>\n\n\n\n<li>\u5728\u5b8c\u5168\u6c92\u6709\u8ca0\u50b5\u6216\u662f\u5f88\u5c11\u7684\u501f\u8cb8\u4e0b\uff0c\u80fd\u7372\u5f97\u5f88\u597d\u7684\u8cc7\u672c\u56de\u5831\u3002<\/li>\n\n\n\n<li>\u512a\u79c0\u7684\u7d93\u71df\u5718\u968a\uff1b\u6211\u5011\u7121\u6cd5\u63d0\u4f9b\u7d93\u71df\u7684\u4eba\u624b\u3002<\/li>\n\n\n\n<li>\u7c21\u55ae\u6613\u77ad\u89e3\u7684\u751f\u610f\u6a21\u5f0f\uff1b\u5982\u679c\u751f\u610f\u4e0a\u5b58\u5728\u5927\u91cf\u7684\u6280\u8853\uff0c\u6211\u5011\u7121\u6cd5\u7406\u89e3\u3002<\/li>\n\n\n\n<li>\u660e\u78ba\u7684\u5831\u50f9\uff1b\u6211\u5011\u4e0d\u6703\u5728\u50f9\u683c\u672a\u77e5\u7684\u72c0\u6cc1\u4e0b\u4ea4\u6613\uff0c\u5373\u4f7f\u662f\u521d\u6b65\u8a0e\u8ad6\uff0c\u4ee5\u514d\u6d6a\u8cbb\u6211\u5011\u548c\u8ce3\u5bb6\u7684\u6642\u9593\u3002\u5982\u679c\u50f9\u683c\u660e\u78ba\uff0c\u4ed6\u66fe\u8868\u793a\u56de\u8986\u6703\u5f88\u5feb\uff0c\u901a\u5e38\u4e0d\u6703\u8d85\u904e\u4e94\u5206\u9418\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B0%A1%E5%96%AE%E5%95%86%E6%A5%AD%E6%A8%A1%E5%BC%8F%E7%9A%84%E4%BC%81%E6%A5%AD%E6%9B%B4%E5%A5%BD\"><\/span>\u7c21\u55ae\u5546\u696d\u6a21\u5f0f\u7684\u4f01\u696d\u66f4\u597d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5df4\u83f2\u7279\u81ea\u5df1\u4e5f\u8aaa\u904e\u5f88\u591a\u6295\u8cc7\u8981\u6108\u7c21\u55ae\u6108\u597d\uff0c\u641e\u5f97\u592a\u8907\u96dc\uff0c\u5bb9\u6613\u51fa\u932f\u3002\u9019\u548c\u4ed6\u7684\u6295\u8cc7\u539f\u5247\u5f88\u4e00\u81f4\uff0c\u4f8b\u5982\u50b3\u7d71\u884c\u696d\u7684\u5546\u696d\u6a21\u5f0f\u90fd\u5f88\u5bb9\u6613\u4e86\u89e3\uff0c\u6211\u5728\u66f8\u4e2d\u4e5f\u5f15\u7528\u904e\uff0c\u4f01\u696d\u5982\u679c\u4e00\u76f4\u7d93\u71df\u76f8\u540c\u7684\u696d\u52d9\u5e7e\u5341\u5e74\uff0c\u51fa\u932f\u7684\u53ef\u80fd\u6027\u5f88\u4f4e\uff0c\u800c\u4e14\u6108\u5bb9\u6613\u9810\u6e2c\u3002\u4ed6\u751a\u81f3\u628a\u7d93\u71df\u696d\u52d9\u5fc5\u9808\u7c21\u55ae\uff0c\u5217\u70ba\u6ce2\u514b\u590f\u4f75\u8cfc\u7684\u516d\u5927\u539f\u5247\u4e4b\u4e00\uff0c\u6211\u60f3\u4ed6\u6709\u6df1\u5165\u60f3\u904e\u9019\u4e8b\u3002<\/p>\n\n\n\n<p>\u80fd\u6490\u904e\u5341\u5e74\u7684\u4f01\u696d\u90fd\u6709\u5f88\u7a4f\u56fa\u7684\u57fa\u790e\uff1b\u5982\u679c\u4ed6\u5011\u5728\u672a\u4f86\u6301\u7e8c\u505a\u76f8\u540c\u7684\u4e8b\uff0c\u51fa\u932f\u7684\u6a5f\u7387\u6703\u5f88\u4f4e\u3002\u539f\u56e0\u5f88\u5bb9\u6613\u7406\u89e3\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u56e0\u70ba\u9019\u985e\u516c\u53f8\u80fd\u6709\u8db3\u5920\u7684\u6642\u9593\u53ef\u4ee5\u53bb\u4fee\u6b63\u6240\u6709\u9762\u5c0d\u904e\u7684\u932f\u8aa4\uff0c\u6b63\u78ba\u5730\u5b8c\u6210\u6240\u6709\u4f01\u696d\u8a72\u505a\u7684\u5de5\u4f5c\u3002<\/li>\n\n\n\n<li>\u9019\u4e9b\u985e\u578b\u7684\u516c\u53f8\u4e00\u822c\u4f86\u8aaa\u90fd\u5177\u6709\u5805\u5be6\u7684\u57fa\u672c\u9762\uff0c\u5982\u679c\u672a\u4f86\u518d\u505a\u540c\u6a23\u7684\u4e8b\u60c5\uff0c\u51fa\u932f\u7684\u53ef\u80fd\u6027\u5f88\u5c0f\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u66fe\u7d93\u6210\u529f\u7684\u4f01\u696d\u4e4b\u6240\u4ee5\u98a8\u5149\u4e0d\u518d\uff0c\u5927\u90e8\u4efd\u7684\u4e0a\u5e02\u4f01\u696d\u4e4b\u6240\u4ee5\u6703\u8d70\u4e0b\u5761\uff0c\u539f\u56e0\u975e\u5e38\u591a\u3002\u4f46\u5176\u4e2d\u6709\u4e00\u9ede\u5247\u662f\u4e00\u5b9a\u6703\u767c\u751f\u7684\uff0c\u90a3\u5c31\u662f\u6211\u5728\u6211\u7684\u90e8\u843d\u683c\u6587\u7ae0\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/01\/18\/%E4%BC%81%E6%A5%AD%E6%BD%9B%E8%A6%8F%E5%89%87%E6%A9%9F%E6%A7%8B%E5%88%B6%E5%BA%A6%E6%80%A7%E5%BC%B7%E5%88%B6%E5%8A%9B\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u4f01\u696d\u6f5b\u898f\u5247\uff0c\u6a5f\u69cb\u5236\u5ea6\u6027\u5f37\u5236\u529b\uff08Institutional Imperative\uff09\u7684\u9ed1\u6697\u9762<\/a>\u300b\u6240\u63d0\u904e\u7684\uff0c\u70ba\u4ec0\u9ebc\u6703\u5982\u6b64\uff1f\u5927\u516c\u53f8\u70ba\u4f55\u4e00\u5b9a\u6703\u8d70\u5411\u5b98\u50da\u5316\uff0c\u67d3\u4e0a\u5927\u516c\u53f8\u75c5\uff0c\u4e3b\u8981\u7684\u56e0\u7d20\u5c31\u662f\u5927\u5bb6\u90fd\u5e0c\u671b\u6c92\u4e8b\u4e5f\u4e00\u5b9a\u5f97\u627e\u4e8b\u505a\uff0c\u85c9\u6b64\u986f\u793a\u51fa\u81ea\u5df1\u7684\u50f9\u503c\uff0c\u628a\u4e00\u4ef6\u5728\u5c0f\u516c\u53f8\u7684\u7c21\u55ae\u4e8b\u60c5\u8907\u96dc\u5316\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E7%B0%A1%E5%96%AE%E5%8C%96%E5%B0%B1%E8%83%BD%E6%88%90%E5%8A%9F\"><\/span>\u6295\u8cc7\u7c21\u55ae\u5316\u5c31\u80fd\u6210\u529f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5df4\u83f2\u7279\u7279\u5225\u6307\u51fa\uff1a\u300c<a href=\"https:\/\/www.inc.com\/marcel-schwantes\/warren-buffett-decisions-succeed-fail.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e00\u500b\u6295\u8cc7\u8005\u5982\u679c\u80fd\u907f\u514d\u72af\u5927\u7684\u932f\u8aa4\uff0c\u90a3\u9ebc\u53ea\u9808\u8981\u505a\u5e7e\u4ef6\u6b63\u78ba\u7684\u4e8b\u60c5\u5c31\u53ef\u4ee5\u6210\u529f\u3002<\/a>\u300d \u5728\u300a<a href=\"https:\/\/www.amazon.com\/Essays-Warren-Buffett-Lessons-Corporate\/dp\/1611637589\" target=\"_blank\" rel=\"noreferrer noopener\">\u5df4\u83f2\u7279\u5beb\u7d66\u80a1\u6771\u7684\u4fe1<\/a>\u300b\u9019\u672c\u66f8\u88e1\u9762\uff0c\u5df4\u83f2\u7279\u63d0\u5230\uff1a\u300c \u6211\u5011\u73fe\u5728\u6bcf\u5e74\u53ea\u843d\u5be6\u4e00\u500b\u597d\u4e3b\u610f\u3002\uff08Indeed, we&#8217;ll now settle for one good idea a year.\uff09\u300d <\/p>\n\n\n\n<p>\u5927\u90e8\u4efd\u6295\u8cc7\u4eba\u7684\u8ff7\u601d\u662f\u5728\u80a1\u5e02\u6295\u8cc7\u7684\u751f\u6daf\u4e2d\uff0c\u4e0d\u65b7\u5730\u8cb7\u9032\u8cb7\u51fa\uff0c\u5343\u65b9\u767e\u8a08\u5730\u6253\u63a2\u5404\u7a2e\u80a1\u7968\u660e\u724c\uff0c\u8cb7\u9ad8\u8ce3\u4f4e\u3002\u5d29\u76e4\u6642\u51fa\u6e05\u6301\u80a1\u9003\u96e2\u80a1\u5e02\uff0c\u725b\u5e02\u6642\u62fc\u547d\u8ffd\u9ad8\u8cb7\u9032\uff0c\u628a\u4e8b\u60c5\u641e\u5f97\u592a\u904e\u8907\u96dc\uff1b\u6700\u5f8c\u7d50\u679c\u90fd\u662f\u8cfa\u4e0d\u4e86\u9322\u3002\u9019\u4e5f\u662f\u6211\u5728\u6211\u7684\u90e8\u843d\u683c\u6587\u7ae0\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/08\/12\/%E5%BE%B7%E5%B7%9E%E5%84%80%E5%99%A8%E7%82%BA%E4%BE%8B%E5%A5%BD%E7%9A%84%E4%BC%81%E6%A5%AD%E9%9D%9E%E5%B8%B8%E7%BD%95%E8%A6%8B\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u597d\u4f01\u696d\u5f88\u7f55\u898b\uff0c\u5169\u5230\u4e09\u5bb6\u5c31\u6703\u4f7f\u4f60\u975e\u5e38\u5bcc\u6709<\/a>\u300b\u6240\u63d0\u904e\u7684\uff0c\u597d\u7684\u6295\u8cc7\u6a19\u7684\u4e00\u751f\u53ea\u9700\u8981\u5169\u5230\u4e09\u6a94\u5c31\u8db3\u5920\u4e86\u7684\u539f\u56e0\u3002<\/p>\n\n\n\n<p>\u666e\u901a\u6295\u8cc7\u8005\u7a4d\u7d2f\u8ca1\u5bcc\uff0c\u6700\u7c21\u55ae\u7684\u65b9\u6cd5\u5c31\u662f\u9577\u671f\u6301\u6709\u3002\u666e\u901a\u4eba\u81f4\u5bcc\u4e0d\u6703\u6709\u6377\u5f91\uff0c\u6700\u7c21\u55ae\u7684\u81f4\u8ca1\u5bcc\u65b9\u6cd5\u5c31\u662f\u5169\u6b65\u9a5f\u81f4\u5bcc\u6cd5\uff1a\uff081\uff09\u8cfc\u8cb7\u9577\u671f\u80fd\u5920\u589e\u503c\u7684\u8cc7\u7522\uff082\uff09\u5225\u8ce3\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%92%99%E6%A0%BC%E7%9A%84%E8%A9%AE%E9%87%8B\"><\/span>\u8499\u683c\u7684\u8a6e\u91cb<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u67e5\u7406\uff0e\u8499\u683c\u8868\u793a\u904e\uff1a\u300c\u7c21\u55ae\u5316\u53ef\u63d0\u9ad8\u7e3e\u6548\uff0c\u56e0\u70ba\u80fd\u8b93\u6211\u5011\u66f4\u52a0\u7406\u89e3\u6b63\u5728\u505a\u7684\u4e8b\u3002\u300d\u4ed6\u8a8d\u70ba\uff0c\u6c92\u751a\u9ebc\u4e8b\u60c5\u80fd\u6bd4\u4e86\u89e3\u300c\u70ba\u4f55\u300d\u548c\u300c\u5982\u4f55\u300d\u9032\u884c\u6295\u8cc7\u66f4\u91cd\u8981\u4e86\u3002\u8eab\u70ba\u6295\u8cc7\u4eba\uff0c\u5fc5\u9808\u5145\u5206\u4e86\u89e3\u4f60\u8981\u9054\u6210\u4ec0\u9ebc\u8ca1\u52d9\u76ee\u6a19\u3001\u8861\u91cf\u98a8\u96aa\u504f\u597d\u548c\u6295\u8cc7\u671f\u9650\uff0c\u4e26\u8a55\u4f30\u53ef\u6295\u8cc7\u7684\u9918\u984d\u3002\u7262\u8a18\u9019\u4e9b\u56e0\u7d20\u53ef\u4ee5\u4f7f\u8ca1\u5bcc\u5275\u9020\u8b8a\u5f97\u66f4\u52a0\u7c21\u55ae\u548c\u6709\u76ca\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"152\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/06\/FreeSVG-Org.jpg\" alt=\"\u7c21\u55ae\" class=\"wp-image-19547\"\/><figcaption class=\"wp-element-caption\">Credit: FreeSVG.org<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%95%B7%E6%9C%9F%E8%83%BD%E7%B6%AD%E6%8C%81%E7%B0%A1%E5%96%AE%E6%89%8D%E6%98%AF%E4%B8%8A%E7%AD%96\"><\/span>\u9577\u671f\u80fd\u7dad\u6301\u7c21\u55ae\u624d\u662f\u4e0a\u7b56<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5df4\u83f2\u7279\u81ea\u5df1\u5230\u73fe\u5728\u9084\u5f04\u4e0d\u660e\u767d\uff1a\u4eba\u5011\u6709\u4e00\u7a2e\u4e0d\u5065\u5eb7\u7684\u5fc3\u7406\uff0c\u7e3d\u60f3\u628a\u7c21\u55ae\u7684\u4e8b\u60c5\u5f04\u5f97\u8907\u96dc\u3002\u8acb\u8a18\u4f4f\uff01\u5728\u6295\u8cc7\u7684\u4e16\u754c\u88cf\uff0c\u6108\u7c21\u55ae\u6108\u597d\u3002<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u81ea\u5df1\u5728<a href=\"https:\/\/berkshirehathaway.com\/letters\/2008ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2008\u5e74\u6ce2\u514b\u590f\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBRK.A\u548cBRK.B\uff09\u80a1\u6771\u4fe1<\/a>\u4e2d\u4e5f\u662f\u9019\u9ebc\u8aaa\u7684\u300c\u5927\u5bb6\u8981\u6ce8\u610f\u5f15\u8d77\u638c\u8072\u7684\u6295\u8cc7\u6d3b\u52d5\uff1b \u5049\u5927\u7684\u8209\u52d5\u901a\u5e38\u4f34\u96a8\u8457\u6253\u54c8\u6b20\u3002\u300d\u4ed6\u5f37\u8abf\u300c<strong><a href=\"https:\/\/www.cnbc.com\/2017\/05\/01\/7-insights-from-legendary-investor-warren-buffett.html#:~:text=%E2%80%9CIt%20is%20not%20necessary%20to,the%20results%20speak%20for%20themselves.\" target=\"_blank\" rel=\"noreferrer noopener\">\u6c92\u6709\u5fc5\u8981\u505a\u975e\u51e1\u7684\u4e8b\u60c5\u624d\u80fd\u7372\u5f97\u975e\u51e1\u7684\u7d50\u679c\u3002<\/a><\/strong>\u300d<\/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\/2022\/08\/20\/%E6%8A%95%E8%B3%87%E6%84%88%E7%B0%A1%E5%96%AE%E6%84%88%E5%A5%BD\/\">\u6295\u8cc7\u6108\u7c21\u55ae\u6108\u597d<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/02\/24\/%e6%9e%97%e5%ad%90%e6%8f%9a%e7%9a%84%e6%8a%95%e8%b3%87%e9%a2%a8%e6%a0%bc%e7%9a%84%e9%87%8d%e9%bb%9e\/\">\u6797\u5b50\u63da\u7684\u6295\u8cc7\u98a8\u683c\u7684\u91cd\u9ede<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/09\/26\/%e6%88%91%e7%9a%84%e9%95%b7%e6%9c%9f%e6%8a%95%e8%b3%87%e5%bf%83%e5%be%97%e5%88%86%e4%ba%ab\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6797\u5b50\u63da\u7684\u9577\u671f\u6295\u8cc7\u7684\u5fc3\u5f97\u5206\u4eab<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/08\/18\/%e7%82%ba%e4%bb%80%e9%ba%bc%e9%9c%80%e8%a6%81%e9%9b%86%e4%b8%ad%e6%8a%95%e8%b3%87%ef%bc%9f\/\">\u70ba\u4ec0\u9ebc\u9700\u8981\u96c6\u4e2d\u6295\u8cc7\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/21\/%e7%82%ba%e4%bd%95%e9%9c%80%e8%a6%81%e9%80%b2%e8%a1%8c%e9%95%b7%e6%9c%9f%e6%8a%95%e8%b3%87%ef%bc%9f\/\">\u70ba\u4f55\u9700\u8981\u9032\u884c\u9577\u671f\u6295\u8cc7\uff1f<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p><em><strong>\u91cd\u8981\u8072\u660e<\/strong><\/em><\/p>\n\n\n\n<ul 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