{"id":32646,"date":"2023-06-16T23:56:00","date_gmt":"2023-06-16T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=32646"},"modified":"2025-11-11T19:38:20","modified_gmt":"2025-11-11T11:38:20","slug":"%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","status":"publish","type":"post","link":"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\/","title":{"rendered":"\u5df4\u83f2\u7279\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\u768479%\u50c5\u6295\u8cc7\u65bc6\u6a94\u80a1\u7968"},"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\/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\/#%E5%82%BE%E5%90%91%E5%B0%8D%E4%BF%A1%E4%BB%BB%E7%9A%84%E5%85%AC%E5%8F%B8%E4%B8%8B%E5%A4%A7%E8%B3%AD%E6%B3%A8\" >\u50be\u5411\u5c0d\u4fe1\u4efb\u7684\u516c\u53f8\u4e0b\u5927\u8ced\u6ce8<\/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\/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\/#%E8%98%8B%E6%9E%9C%EF%BC%9A414%E7%9A%84%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2\" >\u860b\u679c\uff1a41.4%\u7684\u6295\u8cc7\u8cc7\u7522<\/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\/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\/#%E7%BE%8E%E5%9C%8B%E9%8A%80%E8%A1%8C%EF%BC%9A%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%84108\" >\u7f8e\u570b\u9280\u884c\uff1a\u6295\u8cc7\u8cc7\u7522\u768410.8%<\/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\/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\/#%E9%9B%AA%E4%BD%9B%E9%BE%8D%EF%BC%9A%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%8481\" >\u96ea\u4f5b\u9f8d\uff1a\u6295\u8cc7\u8cc7\u7522\u76848.1%<\/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\/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\/#%E7%BE%8E%E5%9C%8B%E9%81%8B%E9%80%9A%EF%BC%9A%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%848\" >\u7f8e\u570b\u904b\u901a\uff1a\u6295\u8cc7\u8cc7\u7522\u76848%<\/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\/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\/#%E5%8F%AF%E5%8F%A3%E5%8F%AF%E6%A8%82%EF%BC%9A%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%8471\" >\u53ef\u53e3\u53ef\u6a02\uff1a\u6295\u8cc7\u8cc7\u7522\u76847.1%<\/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\/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\/#%E5%8D%A1%E5%A4%AB%E4%BA%A8%E6%B0%8F%EF%BC%9A%E4%BD%94%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%8439\" >\u5361\u592b\u4ea8\u6c0f\uff1a\u4f54\u6295\u8cc7\u8cc7\u7522\u76843.9%<\/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\/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\/#%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%82%BE%E5%90%91%E5%B0%8D%E4%BF%A1%E4%BB%BB%E7%9A%84%E5%85%AC%E5%8F%B8%E4%B8%8B%E5%A4%A7%E8%B3%AD%E6%B3%A8\"><\/span>\u50be\u5411\u5c0d\u4fe1\u4efb\u7684\u516c\u53f8\u4e0b\u5927\u8ced\u6ce8<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5f88\u5c11\u6709\u6295\u8cc7\u8005\u6bd4\u6ce2\u514b\u590f\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBRK.A\u548cBRK.B<strong>\uff09<\/strong>\u57f7\u884c\u9577\u5df4\u83f2\u7279\u64c1\u6709\u66f4\u591a\u7684\u8ffd\u96a8\u8005\u3002\u9019\u662f\u56e0\u70ba\u81ea\u5f9e\u4ed6\u65bc1965\u5e74\u6210\u70ba\u57f7\u884c\u9577\u4ee5\u4f86\uff0c\u8868\u73fe\u9060\u9060\u512a\u65bc\u6a19\u6e96\u666e\u723e500\u6307\u6578\u3002\u52302021\u5e74\u5e95\u70ba\u6b62\uff0c\u6ce2\u514b\u590f\u7684A\u80a1\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBRK.A\uff09\u7684\u7e3d\u56de\u5831\u7387\u70ba120\u500d\u9ad8\u65bc\u6a19\u6e96\u666e\u723e500\u6307\u6578\u3002<\/p>\n\n\n\n<p>\u9664\u4e86\u6ce2\u514b\u590f\u7684\u5e74\u5ea6\u80a1\u6771\u5927\u6703\u5916\uff0c\u8a72\u516c\u53f8\u6bcf\u5b63\u5ea6\u63d0\u4ea4\u768413F\u6587\u4ef6\u53ef\u4ee5\u8aaa\u662f\u80a1\u6771\u548c\u6295\u8cc7\u611b\u597d\u8005\u6700\u671f\u5f85\u7684\u6d3b\u52d5\u300213F\u5141\u8a31\u6295\u8cc7\u8005\u6e96\u78ba\u5730\u770b\u5230\u5df4\u83f2\u7279\u548c\u4ed6\u7684\u6295\u8cc7\u5718\u968a\u5728\u6700\u8fd1\u4e00\u500b\u5b63\u5ea6\u8cfc\u8cb7\u3001\u51fa\u552e\u548c\u6301\u6709\u7684\u6771\u897f\u3002<\/p>\n\n\n\n<p>\u5728<a href=\"https:\/\/13f.info\/13f\/000095012323002585-berkshire-hathaway-inc-q4-2022\" target=\"_blank\" rel=\"noreferrer noopener\">2023\u5e742\u670814\u65e5\uff0c\u6ce2\u514b\u590f\u7533\u5831\u768413F\u8868\u683c<\/a>\u5411\u6295\u8cc7\u8005\u6e96\u78ba\u5c55\u793a\u4e86\u5df4\u83f2\u7279\u6240\u937e\u611b\u7684\u80a1\u7968\u3002\u4f46\u662f\uff0c\u5118\u7ba1\u4ed6\u5171\u6301\u670949\u7a2e\u8b49\u5238\u7684\u80a1\u4efd\uff0c\u5df4\u83f2\u7279\u548c\u4ed6\u7684\u5718\u968a\u4ecd\u5c07\u516c\u53f8\u7684\u6295\u8cc7\u7d44\u5408\u9ad8\u5ea6\u96c6\u4e2d\u5728\u5c11\u6578\u5e7e\u5bb6\u516c\u53f8\u3002\u5df4\u83f2\u7279\u76843,380\u5104\u7f8e\u5143\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\uff0c\u9ad8\u905479%\u7684\u6295\u8cc7\u8cc7\u7522\u50c5\u6295\u8cc7\u65bc\u516d\u6a94\u80a1\u7968\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%98%8B%E6%9E%9C%EF%BC%9A414%E7%9A%84%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2\"><\/span>\u860b\u679c\uff1a41.4%\u7684\u6295\u8cc7\u8cc7\u7522<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5118\u7ba1\u5df4\u83f2\u7279\u5728\u7b2c\u56db\u5b63\u5ea6\u6de8\u8ce3\u51fa\u80a1\u7968\uff0c\u5411\u6295\u8cc7\u8005\u767c\u51fa\u4e86\u4e00\u500b\u5fae\u5999\u4f46\u53ef\u6015\u7684\u4fe1\u865f\uff0c\u4f46\u5df4\u83f2\u7279\u7e7c\u7e8c\u589e\u6301\u7684\u4e00\u6a94\u80a1\u7968\u662f\u79d1\u6280\u80a1\u860b\u679c\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aAAPL\uff09\uff0c\u5b83\u4e00\u6a94\u80a1\u7968\u5c31\u4f54\u4e86\u6ce2\u514b\u590f\u76843380\u5104\u7f8e\u5143\u80a1\u7968\u6295\u8cc7\u7d44\u5408\u4e2d\u7684\u8fd11400\u5104\u7f8e\u5143\u3002<\/p>\n\n\n\n<p>\u860b\u679c\u56e0\u5176\u54c1\u724c\u5f71\u97ff\u529b\u3001\u4ee4\u4eba\u96e3\u4ee5\u7f6e\u4fe1\u7684\u73fe\u91d1\u6d41\u3001\u548c\u53ef\u89c0\u7684\u8cc7\u672c\u56de\u5831\u8a08\u5283\u800c\u88ab\u8996\u70ba\u6ce2\u514b\u590f\u7684\u652f\u67f1\u6295\u8cc7\u3002<\/p>\n\n\n\n<p>\u860b\u679c\u64c1\u6709\u975e\u5e38\u5fe0\u8aa0\u7684\u5ba2\u6236\u7fa4\uff0c\u76ee\u524d\u662f\u7f8e\u570b\u9818\u5148\u7684\u667a\u80fd\u624b\u6a5f\u4f9b\u61c9\u5546\u3002\u9664\u4e86\u901a\u904e\u5be6\u9ad4\u7522\u54c1\u5438\u5f15\u7528\u6236\u4e4b\u5916\uff0c\u57f7\u884c\u9577\u5eab\u514b\u9084\u8ca0\u8cac\u76e3\u7763\u860b\u679c\u5411\u670d\u52d9\u578b\u516c\u53f8\u7684\u7a69\u6b65\u8f49\u578b\u3002\u5118\u7ba1\u860b\u679c\u4e26\u6c92\u6709\u5fd8\u8a18\u8b93\u5b83\u51fa\u540d\u7684\u5be6\u9ad4\u7522\u54c1\uff0c\u4f46\u767c\u5c55\u6210\u70ba\u4e00\u5bb6\u4ee5\u670d\u52d9\u70ba\u5c0e\u5411\u7684\u516c\u53f8\u5c07\u63d0\u9ad8\u9577\u671f\u5229\u6f64\u7387\uff0c\u4e26\u6700\u5927\u9650\u5ea6\u5730\u6e1b\u5c11\u5be6\u9ad4\u7522\u54c1\u66f4\u63db\u9031\u671f\u4e2d\u7684\u6536\u5165\u6ce2\u52d5\u3002<\/p>\n\n\n\n<p>\u66f4\u91cd\u8981\u7684\u662f\uff0c\u860b\u679c\u516c\u53f8\u5728\u904e\u53bb\u5341\u5e74\u56de\u8cfc\u4e86\u50f9\u503c\u8d85\u904e 5500 \u5104\u7f8e\u5143\u7684\u666e\u901a\u80a1\uff0c\u6bcf\u5e74\u6d3e\u767c\u7684\u80a1\u606f\u90fd\u662f\u540d\u7fa9\u7f8e\u5143\u80a1\u606f\u4e2d\u898f\u6a21\u6700\u5927\u7684\u4e00\u6b21\uff08\u8fd1146\u5104\u7f8e\u5143\uff09\u3002\u5df4\u83f2\u7279\u559c\u6b61\u56de\u5831\u8010\u5fc3\u80a1\u6771\u7684\u4e0a\u5e02\u516c\u53f8\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%BE%8E%E5%9C%8B%E9%8A%80%E8%A1%8C%EF%BC%9A%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%84108\"><\/span>\u7f8e\u570b\u9280\u884c\uff1a\u6295\u8cc7\u8cc7\u7522\u768410.8%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5982\u679c\u6709\u4e00\u500b\u884c\u696d\u662f\u5df4\u83f2\u7279\u6700\u559c\u6b61\u5c07\u6ce2\u514b\u590f\u7684\u9322\u6295\u5165\u5176\u4e2d\u7684\u884c\u696d\uff0c\u90a3\u9ebc\u5b83\u5f80\u5f80\u5c31\u662f\u9280\u884c\u696d\u3002\u76ee\u524d\uff0c\u7f8e\u570b\u9280\u884c\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBAC\uff09\u662f\u5df4\u83f2\u7279\u6700\u559c\u6b61\u7684\u9280\u884c\u80a1\uff0c\u5b83\u4f54\u4e86\u6ce2\u514b\u590f\u6295\u8cc7\u7d44\u5408\u4e2d 10.8% \u7684\u6b0a\u91cd\u5c31\u8b49\u660e\u4e86\u9019\u4e00\u9ede\u3002<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u548c\u4ed6\u7684\u6295\u8cc7\u5718\u968a\u4e4b\u6240\u4ee5\u770b\u597d\u9280\u884c\u80a1\uff0c\u662f\u56e0\u70ba\u5b83\u5011\u5177\u6709\u5468\u671f\u6027\uff0c\u53ef\u4ee5\u5229\u7528\u6709\u5229\u65bc\u9577\u671f\u6295\u8cc7\u8005\u7684\u7c21\u55ae\u6578\u5b57\u904a\u6232\u3002\u4f60\u770b\uff0c\u5118\u7ba1\u7d93\u6fdf\u8870\u9000\u4e0d\u53ef\u907f\u514d\uff0c\u4f46\u5b83\u5011\u901a\u5e38\u662f\u77ed\u66ab\u7684\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u7d93\u6fdf\u64f4\u5f35\u53ef\u4ee5\u6301\u7e8c\u6578\u5e74\u3002\u96a8\u8457\u6642\u9593\u7684\u63a8\u79fb\uff0c\u9019\u4f7f\u9280\u884c\u80fd\u5920\u589e\u52a0\u8cb8\u6b3e\u548c\u5b58\u6b3e\u4e26\u7522\u751f\u66f4\u9ad8\u7684\u6536\u5165\u3002<\/p>\n\n\n\n<p>\u7f8e\u570b\u9280\u884c\u7684\u7279\u5225\u4e4b\u8655\u5728\u65bc\u5b83\u5c0d\u5229\u7387\u7684\u654f\u611f\u6027\u3002\u96a8\u8457\u7f8e\u806f\u5132\u901a\u904e\u63d0\u9ad8\u5229\u7387\u4f86\u5c0d\u6297\u6b77\u53f2\u9ad8\u4f4d\u7684\u901a\u8ca8\u81a8\u8139\uff0c\u7f8e\u570b\u9280\u884c\u6b63\u53d7\u76ca\u65bc\u5176\u672a\u511f\u9084\u6d6e\u52d5\u5229\u7387\u8cb8\u6b3e\u7684\u66f4\u9ad8\u5229\u7387\u3002\u7d50\u679c\u662f2022\u5e74\u7b2c\u56db\u5b63\u5ea6\u7684\u6de8\u5229\u606f\u6536\u5165\u6bd42021\u5e74\u540c\u671f\u589e\u52a0\u4e8633\u5104\u7f8e\u5143\u3002\u8acb\u8a18\u4f4f\uff0c\u7f8e\u570b\u592e\u884c\u7684\u5347\u606f\u9031\u671f\u76ee\u524d\u5c1a\u672a\u7d50\u675f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%9B%AA%E4%BD%9B%E9%BE%8D%EF%BC%9A%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%8481\"><\/span>\u96ea\u4f5b\u9f8d\uff1a\u6295\u8cc7\u8cc7\u7522\u76848.1%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5728\u904e\u53bb\u7684\u4e00\u5e74\u88e1\uff0c\u5df4\u83f2\u7279\u5df2\u7d93\u6210\u70ba\u80fd\u6e90\u884c\u696d\u7684\u5fe0\u5be6\u64c1\u8b77\u8005\u3002\u9019\u5c31\u662f\u70ba\u4ec0\u9ebc\u4f60\u770b\u5230\u80fd\u6e90\u80a1\u96ea\u4f5b\u9f8d\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aCVX<strong>\uff09<\/strong>\u6703\u6210\u9577\u70ba\u6ce2\u514b\u590f\u80a1\u7968\u6295\u8cc7\u7d44\u5408\u7684\u7b2c\u4e09\u5927\u4f4d\u7f6e\u3002<\/p>\n\n\n\n<p>\u5728\u96ea\u4f5b\u9f8d\u64c1\u6709270\u5104\u7f8e\u5143\u982d\u5bf8\u7684\u908f\u8f2f\u662f\uff0c\u672a\u4f86\u5e7e\u5e74\u80fd\u6e90\u5546\u54c1\u50f9\u683c\u5c07\u4fdd\u6301\u9ad8\u4f4d\u3002\u8a31\u591a\u6295\u8cc7\u8005\u95dc\u6ce8\u4fc4\u7f85\u65af\u5165\u4fb5\u70cf\u514b\u862d\u53ca\u5176\u5c0d\u6b50\u6d32\u80fd\u6e90\u4f9b\u61c9\u9700\u6c42\u7684\u5f71\u97ff\u3002\u4f46\u66f4\u4ee4\u4eba\u64d4\u6182\u7684\u662f\uff0c\u4e09\u5e74\u4f86\u8207\u65b0\u51a0\u75ab\u60c5\u76f8\u95dc\u7684\u8cc7\u672c\u6295\u8cc7\u6e1b\u5c11\u5c0d\u5168\u7403\u80fd\u6e90\u4f9b\u61c9\u93c8\u9020\u6210\u4e86\u4ec0\u9ebc\u5f71\u97ff\u3002\u5118\u7ba1\u5929\u6c23\u8b8a\u6696\u58d3\u4f4e\u4e86\u5929\u7136\u6c23\u50f9\u683c\uff0c\u4f46\u4f9b\u61c9\u9650\u5236\u4f7f\u539f\u6cb9\u50f9\u683c\u9060\u9ad8\u65bc\u8fd1\u5e74\u4f86\u7684\u5e73\u5747\u6c34\u5e73\u3002<\/p>\n\n\n\n<p>\u96ea\u4f5b\u9f8d\u5728\u52a0\u5f37\u8cc7\u7522\u8ca0\u50b5\u8868\u548c\u56de\u5831\u80a1\u6771\u65b9\u9762\u4e5f\u505a\u5f97\u975e\u5e38\u51fa\u8272\u3002\u53bb\u5e74\uff0c\u96ea\u4f5b\u9f8d\u5c07\u5176\u6de8\u50b5\u52d9\u5f9e257\u5104\u7f8e\u5143\u6e1b\u5c11\u523054\u5104\u7f8e\u5143\u3002\u6b64\u5916\uff0c\u8a72\u516c\u53f8\u57282023\u5e741\u6708\u9023\u7e8c\u7b2c36\u5e74\u589e\u52a0\u5e74\u5ea6\u80a1\u5229\uff0c\u5176\u8463\u4e8b\u6703\u6388\u6b0a\u56de\u8cfc\u7e3d\u984d\u9ad8\u9054750\u5104\u7f8e\u5143\u7684\u80a1\u7968\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%BE%8E%E5%9C%8B%E9%81%8B%E9%80%9A%EF%BC%9A%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%848\"><\/span>\u7f8e\u570b\u904b\u901a\uff1a\u6295\u8cc7\u8cc7\u7522\u76848%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4eca\u5e74\u662f\u7f8e\u570b\u904b\u901a\uff08\u7f8e\u80a1\u4ee3\u78bc<strong>\uff1a<\/strong>AXP\uff09\u9023\u7e8c\u7b2c30\u5e74\u6210\u70ba\u6ce2\u514b\u590f\u6295\u8cc7\u7d44\u5408\u88e1\u7684\u80a1\u7968\u3002\u5df4\u83f2\u7279\u548c\u4ed6\u7684\u6295\u8cc7\u526f\u624b\uff08\u6258\u5fb7\u5eab\u59c6\u65af\u548c\u6cf0\u5fb7\u97cb\u65bd\u52d2\uff09\u8010\u5fc3\u5730\u8b93\u9019\u4e00\u8077\u4f4d\u767c\u63ee\u4f5c\u7528\uff0c\u4e0d\u5305\u62ec\u80a1\u606f\uff0c\u9019\u7522\u751f\u4e86\u5927\u7d04255\u5104\u7f8e\u5143\u7684\u672a\u5be6\u73fe\u6536\u76ca\u3002<strong><a href=\"https:\/\/www.fool.com\/quote\/nyse\/axp\/\" target=\"_blank\" rel=\"noopener\"><\/a><\/strong><\/p>\n\n\n\n<p>\u8207\u7f8e\u570b\u9280\u884c\u985e\u4f3c\uff0c\u7f8e\u570b\u904b\u901a\u53d7\u76ca\u65bc\u9577\u671f\u7684\u7d93\u6fdf\u64f4\u5f35\u3002\u9664\u4e86\u4f5c\u70ba\u652f\u4ed8\u8655\u7406\u5546\u548c\u5411\u5546\u5bb6\u6536\u53d6\u8cbb\u7528\u5916\uff0c\u7f8e\u570b\u904b\u901a\u9084\u662f\u8cb8\u65b9\u3002\u5728\u7e41\u69ae\u6642\u671f\uff0c\u5b83\u80fd\u5920\u5f9e\u6301\u5361\u4eba\u90a3\u88e1\u7372\u5f97\u5229\u606f\u6536\u5165\u548c\u5e74\u8cbb\uff0c\u4e26\u5f9e\u66f4\u9ad8\u6c34\u5e73\u7684\u6d88\u8cbb\u8005\u548c\u4f01\u696d\u652f\u51fa\u4e2d\u4eab\u53d7\u4f5c\u70ba\u652f\u4ed8\u8655\u7406\u5546\u7684\u6210\u679c\u3002<\/p>\n\n\n\n<p>\u7f8e\u570b\u904b\u901a\u6301\u7e8c\u6210\u529f\u7684\u53e6\u4e00\u500b\u539f\u56e0\u662f\u5b83\u80fd\u5920\u5438\u5f15\u9ad8\u6de8\u503c\u4eba\u58eb\u3002\u7576\u901a\u8ca8\u81a8\u8139\u7387\u4e0a\u5347\u6216\u9069\u5ea6\u8870\u9000\u767c\u751f\u6642\uff0c\u6536\u5165\u8f03\u9ad8\u7684\u4eba\u4e0d\u592a\u53ef\u80fd\u6539\u8b8a\u4ed6\u5011\u7684\u6d88\u8cbb\u7fd2\u6163\u6216\u4e0d\u652f\u4ed8\u8cec\u55ae\u3002\u9019\u6709\u52a9\u65bc\u4f7f\u7f8e\u570b\u904b\u901a\u76f8\u5c0d\u800c\u8a00\uff0c\u8f03\u514d\u53d7\u7d93\u6fdf\u8870\u9000\u7684\u5f71\u97ff\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%8F%AF%E5%8F%A3%E5%8F%AF%E6%A8%82%EF%BC%9A%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%8471\"><\/span>\u53ef\u53e3\u53ef\u6a02\uff1a\u6295\u8cc7\u8cc7\u7522\u76847.1%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6ce2\u514b\u590f\u552f\u4e00\u6301\u80a1\u6642\u9593\u9577\u65bc\u7f8e\u570b\u904b\u901a\u7684\u80a1\u7968\u662f\u98f2\u6599\u5de8\u982d\u53ef\u53e3\u53ef\u6a02\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aKO<strong>\uff09<\/strong>\u3002\u81ea 1988\u5e74\u4ee5\u4f86\uff0c\u6ce2\u514b\u590f\u5c31\u4e00\u76f4\u662f\u53ef\u53e3\u53ef\u6a02\u7684\u80a1\u6771\uff0c\u76ee\u524d\u53d7\u76ca\u65bc\u76f8\u5c0d\u65bc\u6ce2\u514b\u590f\u6210\u672c\u57fa\u790e\u7684 56.7% \u7684\u80a1\u5229\u6536\u76ca\u7387\uff1b\u50c5\u8a08\u53ef\u53e3\u53ef\u6a02\u7684\u80a1\u5229\uff0c\u6bcf\u5169\u5e74\u5c31\u8d85\u904e\u5df4\u83f2\u7279\u521d\u59cb\u6295\u8cc7\u7684\u5169\u500d\u3002<\/p>\n\n\n\n<p>\u53ef\u53e3\u53ef\u6a02\u7684\u696d\u52d9\u4e4b\u6240\u4ee5\u6210\u529f\uff0c\u662f\u56e0\u70ba\u5b83\u7684\u5730\u57df\u591a\u6a23\u6027\u548c\u4e00\u6d41\u7684\u54c1\u724c\u548c\u5e02\u5834\u884c\u92b7\u3002\u9664\u4e86\u5317\u97d3\u3001\u53e4\u5df4\u548c\u4fc4\u7f85\u65af\u4e4b\u5916\uff0c\u8a72\u516c\u53f8\u5728\u5168\u7403\u6bcf\u500b\u570b\u5bb6\u90fd\u6709\u696d\u52d9\u3002\u9019\u7a2e\u5730\u57df\u591a\u6a23\u6027\u4f7f\u53ef\u53e3\u53ef\u6a02\u80fd\u5920\u5728\u5df2\u958b\u767c\u5e02\u5834\u7372\u5f97\u53ef\u9810\u6e2c\u7684\u7d93\u71df\u73fe\u91d1\u6d41\uff0c\u540c\u6642\u5728\u65b0\u8208\u570b\u5bb6\u5efa\u7acb\u66f4\u5feb\u7684\u6709\u6a5f\u589e\u9577\u7387\u3002<\/p>\n\n\n\n<p>\u5c31\u54c1\u724c\u800c\u8a00\uff0c\u53ef\u53e3\u53ef\u6a02\u53ef\u4ee5\u8aaa\u662f\u5730\u7403\u4e0a\u6700\u77e5\u540d\u7684\u6d88\u8cbb\u54c1\u54c1\u724c\u3002\u5e7e\u5341\u5e74\u4f86\uff0c\u8a72\u516c\u53f8\u7684\u5e02\u5834\u884c\u92b7\u6d3b\u52d5\u5728\u8207\u6d88\u8cbb\u8005\u5efa\u7acb\u806f\u7e6b\u65b9\u9762\u53d6\u5f97\u4e86\u4ee4\u4eba\u96e3\u4ee5\u7f6e\u4fe1\u7684\u6210\u529f\uff0c\u5982\u4eca\u66f4\u5229\u7528\u793e\u4ea4\u5a92\u9ad4\u63a5\u89f8\u5e74\u8f15\u6d88\u8cbb\u8005\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%8D%A1%E5%A4%AB%E4%BA%A8%E6%B0%8F%EF%BC%9A%E4%BD%94%E6%8A%95%E8%B3%87%E8%B3%87%E7%94%A2%E7%9A%8439\"><\/span>\u5361\u592b\u4ea8\u6c0f\uff1a\u4f54\u6295\u8cc7\u8cc7\u7522\u76843.9%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5305\u88dd\u98df\u54c1\u3001\u96f6\u98df\u548c\u8abf\u5473\u54c1\u516c\u53f8\u5361\u592b\u4ea8\u6c0f\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aKHC<strong>\uff09<\/strong>\u662f\u6ce2\u514b\u590f79%\u4ee5\u4e0a\u7684\u6295\u8cc7\u8cc7\u7522\u96c6\u4e2d\u5728\u516d\u6a94\u80a1\u7968\u4e2d\u7684\u7b2c\u516d\u6a94\u4e5f\u662f\u6700\u5f8c\u4e00\u6a94\u6301\u80a1\u3002<\/p>\n\n\n\n<p>\u5118\u7ba1\u5927\u591a\u6578\u516c\u53f8\u90fd\u4ee5\u67d0\u7a2e\u65b9\u5f0f\u53d7\u5230\u65b0\u51a0\u75ab\u60c5\u5927\u6d41\u884c\u7684\u6253\u64ca\uff0c\u4f46\u5361\u592b\u4ea8\u6c0f\u662f\u70ba\u6578\u4e0d\u591a\u7684\u53d7\u76ca\u8005\u4e4b\u4e00\u3002\u7531\u65bc\u4eba\u5011\u88ab\u56f0\u5728\u5bb6\u4e2d\uff0c\u5361\u592b\u4ea8\u6c0f\u6613\u65bc\u6e96\u5099\u7684\u98ef\u83dc\u548c\u96f6\u98df\u5f9e\u96dc\u8ca8\u5e97\u8ca8\u67b6\u4e0a\u6436\u8cfc\u4e00\u7a7a\u3002\u8a72\u516c\u53f8\u64c1\u6709\u5341\u5e7e\u500b\u77e5\u540d\u54c1\u724c\u4e26\u4e14\u53ef\u4ee5\u6839\u64da\u9700\u8981\u63d0\u9ad8\u50f9\u683c\u4ee5\u62b5\u6d88\u901a\u8ca8\u81a8\u8139\u7684\u5f71\u97ff\uff0c\u9019\u4e5f\u6c92\u6709\u4ec0\u9ebc\u58de\u8655\u3002<\/p>\n\n\n\n<p>\u4f46\u5361\u592b\u4ea8\u6c0f\u662f\u5df4\u83f2\u7279\u6700\u7cdf\u7cd5\u7684\u6295\u8cc7\u4e4b\u4e00\u3002\u5361\u592b\u4ea8\u6c0f\u57282019\u5e742\u6708\u6e1b\u8a18\u4e86\u8d85\u904e150\u5104\u7f8e\u5143\u7684\u5546\u8b7d\uff0c\u4e26\u4e14\u4ecd\u5728\u62d6\u7d2f\u9577\u671f\u50b5\u52d9\u3001\u5546\u8b7d\u548c\u7121\u5f62\u8cc7\u7522\u6c89\u91cd\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\u3002&nbsp;<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u6d88\u8cbb\u8005\u7dca\u5f35\u548c\u66ff\u4ee3\u504f\u898b\u7684\u8de1\u8c61\u6b63\u5728\u5f62\u6210\u30022022\u5e74\u7b2c\u56db\u5b63\u5ea6\uff0c\u5361\u592b\u4ea8\u6c0f\u5be6\u73fe\u4e86 10.4%\u7684\u5167\u90e8\u71df\u6536\u6210\u9577\uff0c\u9019\u662f\u50f9\u683c\u4e0a\u6f3215.2%\u7684\u7d50\u679c\u3002\u63db\u53e5\u8a71\u8aaa\uff0c\u92b7\u91cf\u7d44\u5408\u537b\u4e0b\u964d\u4e86 4.8%\u3002\u5c0d\u65bc\u6ce2\u514b\u590f\u6295\u8cc7\u7d44\u5408\u4e2d\u5982\u6b64\u9f90\u5927\u7684\u6301\u80a1\u91cf\uff0c\u9019\u53ef\u80fd\u6703\u4ee4\u4eba\u64d4\u6182\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"132\" height=\"132\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2023\/02\/portfolio-1600x1200-1.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u6295\u8cc7\u7d44\u5408\" class=\"wp-image-32704\"\/><figcaption class=\"wp-element-caption\">credit: Sina.com<\/figcaption><\/figure>\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\/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><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\/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\/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\/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\/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\/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\/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\u7684\u91cd\u8981\u6301\u80a1<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/02\/11\/%e5%a8%81%e5%a3%ab%ef%bc%88visa%ef%bc%89%e5%92%8c%e8%90%ac%e5%a3%ab%e9%81%94%ef%bc%88mastercard%ef%bc%89%e6%9c%89%e4%bb%80%e9%ba%bc%e4%b8%8d%e5%90%8c%ef%bc%9f\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5a01\u58eb\uff08Visa\uff09\u548c\u842c\u4e8b\u9054\uff08Mastercard\uff09\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/04\/%E5%85%A9%E5%A4%A7%E4%BF%A1%E7%94%A8%E5%8D%A1%E5%85%AC%E5%8F%B8%E7%9A%84%E8%AD%B7%E5%9F%8E%E6%B2%B3%E9%AC%86%E5%8B%95%E4%BA%86%E5%97%8E%EF%BC%9F\/\" target=\"_blank\" rel=\"noreferrer noopener\">2\u5927\u4fe1\u7528\u5361\u7db2\u8def\u7684\u8b77\u57ce\u6cb3\u9b06\u52d5\u4e86\u55ce\uff1f<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p id=\"block-b602cc2b-45ae-45c0-a24c-5bec9bc06f95\"><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>3,380\u5104\u7f8e\u5143\u7684\u5df4\u83f2\u7279\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\uff0c\u9ad8\u905479%\u7684\u6295\u8cc7\u8cc7\u7522\u50c5\u6295\u8cc7\u65bc\u516d\u6a94\u80a1\u7968\u3002<\/p>\n","protected":false},"author":1,"featured_media":32704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[411,98,449,282,30],"tags":[169,748,392,420,421,843,1049,276],"class_list":["post-32646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-concentrated-investment","category-buffett","category-portfolio-management","category-moats-and-competitive-advantages","category-long-term-investing","tag-aapl","tag-axp","tag-bac","tag-brk-a","tag-brk-b","tag-cvx","tag-khc","tag-ko"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/32646","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=32646"}],"version-history":[{"count":1,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/32646\/revisions"}],"predecessor-version":[{"id":74990,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/32646\/revisions\/74990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/32704"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=32646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=32646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=32646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}