{"id":35608,"date":"2023-08-01T23:56:00","date_gmt":"2023-08-01T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=35608"},"modified":"2024-12-19T10:45:46","modified_gmt":"2024-12-19T02:45:46","slug":"%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","status":"publish","type":"post","link":"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\/","title":{"rendered":"\u5df4\u83f2\u7279\u5c0d\u80a1\u7968\u56de\u8cfc\u7684\u770b\u6cd5"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/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\/#%E6%88%91%E7%9A%84%E6%9B%B8%E4%B8%AD%E6%9C%89%E9%97%9C%E7%9A%84%E7%AB%A0%E7%AF%80\" >\u6211\u7684\u66f8\u4e2d\u6709\u95dc\u7684\u7ae0\u7bc0<\/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\/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\/#2016%E5%B9%B4%E7%9A%84%E8%82%A1%E6%9D%B1%E4%BF%A1\" >2016\u5e74\u7684\u80a1\u6771\u4fe1<\/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\/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\/#2022%E5%B9%B4%E7%9A%84%E8%82%A1%E6%9D%B1%E4%BF%A1\" >2022\u5e74\u7684\u80a1\u6771\u4fe1<\/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\/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\/#%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=\"%E6%88%91%E7%9A%84%E6%9B%B8%E4%B8%AD%E6%9C%89%E9%97%9C%E7%9A%84%E7%AB%A0%E7%AF%80\"><\/span>\u6211\u7684\u66f8\u4e2d\u6709\u95dc\u7684\u7ae0\u7bc0<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\uff0c\u4ee5\u53ca\u300a<a href=\"https:\/\/www.books.com.tw\/products\/0010935641?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">10\u500d\u80a1\u6cd5\u5247<\/a>\u300b\u4e00\u66f8\u6700\u5f8c6-7\u5c0f\u7bc0\uff0c\u95dc\u65bc\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=\"2016%E5%B9%B4%E7%9A%84%E8%82%A1%E6%9D%B1%E4%BF%A1\"><\/span>2016\u5e74\u7684\u80a1\u6771\u4fe1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5728<a href=\"https:\/\/berkshirehathaway.com\/letters\/2016ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2016\u5e74\u7684\u80a1\u6771\u4fe1<\/a>\u88e1\uff0c\u5df4\u83f2\u7279\u5beb\u5230\u5982\u4e0b\u7684\u7247\u6bb5\uff1a<\/p>\n\n\n\n<p>\u5728\u6295\u8cc7\u4e16\u754c\uff0c\u6709\u95dc\u80a1\u7968\u56de\u8cfc\u7684\u8a0e\u8ad6\u5f80\u5f80\u8b8a\u5f97\u5f88\u6fc0\u70c8\u3002\u4f46\u662f\u6211\u66fe\u7d93\u5efa\u8b70\u9019\u5834\u8faf\u8ad6\u7684\u53c3\u8207\u8005\u5011\u6df1\u5438\u4e00\u53c8\u6c23\uff0c\u8a55\u4f30\u56de\u8cfc\u7684\u5fc5\u8981\u6027\u4e26\u6c92\u6709\u90a3\u9ebc\u8907\u96dc\u3002<\/p>\n\n\n\n<p>\u5f9e\u9000\u51fa\u80a1\u6771\u7684\u7acb\u5834\u51fa\u767c\uff0c\u56de\u8cfc\u5f80\u5f80\u5e36\u4f86\u597d\u8655\u3002\u96d6\u7136\u9019\u4e9b\u56de\u8cfc\u6d3b\u52d5\u7684\u6bcf\u65e5\u5f71\u97ff\u901a\u5e38\u5f88\u5c0f\uff0c\u4f46\u5c0d\u65bc\u4e00\u500b\u8ce3\u5bb6\u800c\u8a00\u5e02\u5834\u4e0a\u591a\u4e00\u500b\u8cb7\u5bb6\u7e3d\u662f\u66f4\u597d\u7684\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0c\u5c0d\u65bc\u6301\u7e8c\u80a1\u6771\uff0c\u56de\u8cfc\u53ea\u6709\u5728\u80a1\u7968\u88ab\u4ee5\u4f4e\u65bc\u5167\u5728\u50f9\u503c\u7684\u50f9\u683c\u8cfc\u8cb7\u6642\u624d\u6709\u610f\u7fa9\u3002\u7576\u9075\u5faa\u9019\u4e00\u898f\u5247\u6642\uff0c\u5269\u4e0b\u7684\u80a1\u7968\u5c07\u7372\u5f97\u5167\u5728\u50f9\u503c\u7684\u5373\u6642\u589e\u9577\u3002\u8003\u616e\u4e00\u500b\u7c21\u55ae\u7684\u985e\u6bd4:\u5982\u679c\u4e00\u5bb6\u50f9\u503c3000\u7f8e\u5143\u7684\u4f01\u696d\u6709\u4e09\u500b\u5e73\u7b49\u5408\u5925\u4eba\uff0c\u5176\u4e2d\u4e00\u500b\u4eba\u6301\u6709\u7684\u80a1\u6b0a\u88ab\u4ee5900\u7f8e\u5143\u7684\u50f9\u683c\u8cb7\u8d70\uff0c\u90a3\u9ebc\u5269\u4e0b\u7684\u5176\u4ed6\u5169\u500b\u5408\u5925\u4eba\u6301\u6709\u7684\u80a1\u6b0a\u5c07\u5404\u81ea\u5be6\u73fe50\u7f8e\u5143\u7684\u589e\u9577\u3002\u5982\u679c\u9000\u51fa\u5408\u5925\u4eba\u5f97\u5230\u4e861 100\u7f8e\u5143\uff0c\u90a3\u9ebc\u5269\u4e0b\u7684\u5169\u500b\u5408\u5925\u4eba\u5c07\u5206\u5225\u640d\u593150\u7f8e\u5143\u3002\u540c\u6a23\u7684\u8a08\u7b97\u53ef\u61c9\u7528\u5230\u4f01\u696d\u548c\u5b83<br>\u5011\u7684\u80a1\u6771\u4e0a\u3002\u56e0\u6b64\uff0c\u201c\u56de\u8cfc\u884c\u70ba\u5c0d\u6301\u7e8c\u80a1\u6771\u800c\u8a00\u662f\u50f9\u503c\u589e\u52a0\u9084\u662f\u50f9\u503c\u640d\u5931\u201d\u7684\u554f\u984c\u5b8c\u5168\u53d6\u6c7a\u65bc\u56de\u8cfc\u50f9\u683c\u3002<\/p>\n\n\n\n<p>\u6240\u4ee5\uff0c\u4f01\u696d\u56de\u8cfc\u80a1\u7968\u516c\u544a\u5e7e\u4e4e\u5f9e\u4e0d\u6703\u63d0\u5230\u56de\u8cfc\u4e0a\u9650\u50f9\u683c\uff0c\u9019\u9ede\u4ee4\u4eba\u8cbb\u89e3\u3002\u5982\u679c\u4e00\u5bb6\u516c\u53f8\u7ba1\u7406\u5c64\u8981\u6536\u8cfc\u5176\u4ed6\u516c\u53f8\uff0c\u90a3\u9ebc\u60c5\u6cc1\u5c31\u4e00\u5b9a\u4e0d\u6703\u662f\u9019\u6a23\u7684\u3002\u50f9\u683c\u5c07\u7e3d\u662f\u5f71\u97ff\u8cb7\u6216\u4e0d\u8cb7\u7684\u6c7a\u5b9a\u3002<br>\u7576\u57f7\u884c\u9577\u5011\u6216\u8463\u4e8b\u6703\u5c07\u56de\u8cfc\u81ea\u5df1\u7684\u516c\u53f8\u7684\u6d41\u901a\u80a1\u6642\uff0c\u4ed6\u5011\u770b\u8d77\u4f86\u5f80\u5f80\u6ce8\u610f\u4e0d\u5230\u50f9\u683c\u3002\u5982\u679c\u4ed6\u5011\u7ba1\u7406\u4e00\u5bb6\u6709\u8457\u5e7e\u500b\u80a1\u6771\u7684\u79c1\u4f01\u4e14\u8a55\u4f30\u8cb7\u65b7\u5176\u4e2d\u4e00\u4f4d\u80a1\u6771\u7684\u80a1\u6b0a\u662f\u5426\u660e\u667a\u6642\uff0c\u4ed6\u5011\u662f\u5426\u6709\u985e\u4f3c\u7684\u8868\u73fe\u5462?\u7576\u7136\u4e0d\u6703\u3002\u8a18\u4f4f\u56de\u8cfc\u4e0d\u61c9\u8a72\u767c\u751f\u7684\u5169\u500b\u6642\u5019\u662f\u5f88\u91cd\u8981\u7684\uff0c\u5373\u4f7f\u8a72\u516c\u53f8\u7684\u80a1\u50f9\u88ab\u4f4e\u4f30\u4e86\u3002<\/p>\n\n\n\n<p>\u4e00\u500b\u662f\u7576\u4e00\u5bb6\u4f01\u696d\u9700\u8981\u6240\u6709\u53ef\u7528\u8cc7\u91d1\u4f86\u7dad\u6301\uff0c\u6216\u8005\u64f4\u5f35\u5176\u904b\u71df\u800c\u9032\u4e00\u6b65\u589e\u52a0\u50b5\u52d9\u5f88\u9ebb\u7169\u6642\uff0c\u9019\u500b\u6642\u5019\u8cc7\u91d1\u7684\u5167\u90e8\u9700\u8981\u61c9\u8a72\u512a\u5148\u8003\u616e\u3002\u9019\u4e00\u4f8b\u5916\u72c0\u6cc1\u9700\u4ee5\u4f01\u696d\u5728\u505a\u51fa\u5fc5\u8981\u958b\u652f\u5f8c\u64c1\u6709\u5149\u660e\u7684\u524d\u666f\u70ba\u524d\u63d0\u3002<\/p>\n\n\n\n<p>\u7b2c\u4e8c\u7a2e\u4f8b\u5916\u72c0\u6cc1\u5728\u4f01\u696d\u7684\u6536\u8cfc\u884c\u70ba\u63d0\u4f9b\u4e86\u6bd4\u56de\u8cfc\u88ab\u4f4e\u4f30\u80a1\u7968\u66f4\u5927\u50f9\u503c\u6642\u6210\u70ba\u73fe\u5be6\u3002\u5f88\u4e45\u4ee5\u524d\uff0c\u6ce2\u514b\u590f\u7d93\u5e38\u4e0d\u5f97\u4e0d\u5728\u9019\u5169\u500b\u65b9\u6848\u4e2d\u505a\u51fa\u9078\u64c7\u3002\u6309\u7167\u6211\u5011\u76ee\u524d\u7684\u898f\u6a21\uff0c\u9019\u4e00\u554f\u984c\u4e0d\u5927\u53ef\u80fd\u51fa\u73fe\u3002<\/p>\n\n\n\n<p>\u6211\u7684\u5efa\u8b70\u2014\u2014\u5728\u8a0e\u8ad6\u56de\u8cfc\u524d\uff0c\u57f7\u884c\u9577\u548c\u8463\u4e8b\u6703\u61c9\u8a72\u7ad9\u8d77\u4f86\u505a\u51fa\u4e00\u81f4\u8072\u660e\u201c\u5728\u4e00\u500b\u50f9\u683c\u4e0a\u9019\u9ebc\u505a\u662f\u660e\u667a\uff0c\u5728\u53e6\u4e00\u500b\u50f9\u683c\u4e0a\u5c31\u662f\u611a\u8822\u201d\u3002<\/p>\n\n\n\n<p>\u6982\u62ec\u4e0b\u6ce2\u514b\u590f\u81ea\u5df1\u7684\u56de\u8cfc\u653f\u7b56:\u6211\u88ab\u6388\u6b0a\u4ee5\u4f4e\u65bc\u8cec\u9762\u50f9\u503c\u7684120%\u8cfc\u8cb7\u5927\u91cf\u6ce2\u514b\u590f\u7684\u80a1\u7968\uff0c\u56e0\u70ba\u6211\u5011\u7684\u8463\u4e8b\u6703\u5df2\u7e3d\u7d50\u51fa\u6309\u7167\u9019\u4e00\u50f9\u683c\u6c34\u5e73\u8cfc\u8cb7\u80fd\u7d66\u6301\u7e8c\u80a1\u6771\u5e36\u4f86\u5373\u6642\u4e14\u5be6\u969b\u7684\u5229\u76ca\u3002\u6211\u5011\u4f30\u8a08\uff0c120%\u7684\u8cec\u9762\u50f9\u503c\u9060\u4f4e\u65bc\u6ce2\u514b\u590f\u7684\u5167\u5728\u50f9\u503c\uff0c\u56e0\u70ba\u5167\u5728\u50f9\u503c\u7684\u8a08\u7b97\u4e26\u4e0d\u7cbe\u78ba\uff0c\u6240\u4ee5\u9019\u4e00\u50f9\u5dee\u662f\u6070\u7576\u7684\u3002<\/p>\n\n\n\n<p>\u8ce6\u4e88\u6211\u9019\u4e00\u6b0a\u9650\u4e26\u4e0d\u610f\u5473\u8457:\u6211\u5011\u5c07\u7dad\u6301\u80a1\u50f9\u8655\u65bc120%\u6bd4\u7387\u7684\u6c34\u5e73\u3002\u5982\u679c\u9019\u4e00\u6c34\u5e73\u9054\u5230\uff0c\u6211\u5011\u5c07\u8a66\u5716\u628a\u201c\u4ee5\u589e\u503c\u50f9\u683c\u9032\u884c\u6709\u610f\u7fa9\u8cfc\u8cb7\u201d\u9019\u4e00\u9858\u671b\u548c\u201c\u4e0d\u8981\u904e\u5ea6\u5f71\u97ff\u5e02\u5834\u201d\u9019\u4e00\u76ee\u6a19\u878d\u5408\u5728\u4e00\u8d77\u3002<\/p>\n\n\n\n<p>\u8fc4\u4eca\u70ba\u6b62\uff0c\u56de\u8cfc\u6211\u5011\u7684\u80a1\u7968\u88ab\u8b49\u660e\u662f\u5f88\u96e3\u7684\u4e8b\u60c5\uff0c\u56e0\u70ba\u6211\u5011\u5df2\u660e\u78ba\u63cf\u8ff0\u4e86\u6211\u5011\u7684\u56de\u8cfc\u653f\u7b56\uff0c\u4e5f\u5df2\u7d93\u8868\u9054\u4e86\u6211\u5011\u7684\u89c0\u9ede\u201c\u6ce2\u514b\u590f\u7684\u5167\u5728\u50f9\u503c\u9060\u9ad8\u65bc120% \u7684\u8cec\u9762\u50f9\u503c\u201d\u3002\u5982\u679c\u662f\u9019\u6a23\uff0c\u90a3\u4e5f\u6c92\u95dc\u4fc2\u3002\u67e5\u7406\u548c\u6211\u66f4\u9858\u610f\u770b\u5230\u6ce2\u514b\u590f\u80a1\u7968\u4ee5\u548c\u5167\u5728\u50f9\u503c\u76f8\u5dee\u7121\u5e7e\u7684\u50f9\u683c\u51fa\u552e\uff0c\u800c\u4e26\u4e0d\u5e0c\u671b\u5b83\u5011\u4ee5\u4e0d\u5408\u7406\u7684\u9ad8\u50f9\u6216\u592a\u4f4e\u7684\u50f9\u683c\u51fa\u552e\u3002\u64c1\u6709\u5c0d\u4ed6\u5011\u7684\u8cfc\u8cb7\u884c\u70ba\u611f\u5230\u5f8c\u6094\u7684\u80a1\u6771\u4e26\u4e0d\u6709\u8da3\u3002\u800c\u4e14\uff0c\u6298\u50f9\u8cb7\u65b7\u5408\u5925\u4eba\u7684\u80a1\u6b0a\u4e5f\u4e0d\u662f\u4ee4\u4eba\u6eff\u610f\u7684\u8cfa\u9322\u65b9\u5f0f\u3002\u5118\u7ba1\u5982\u6b64\uff0c\u5e02\u5834\u74b0\u5883\u4e5f\u53ef\u80fd\u5275\u9020\u51fa\u201c\u56de\u8cfc\u5c07\u4f7f\u6301\u7e8c\u548c\u9000\u51fa\u80a1\u6771\u540c\u6642\u53d7\u76ca\u201d\u7684\u60c5\u6cc1\u3002\u5982\u679c\u662f\u9019\u6a23\uff0c\u6211\u5011\u5c07\u505a\u597d\u884c\u52d5\u6e96\u5099\u3002<\/p>\n\n\n\n<p>\u9019\u4e00\u90e8\u5206\u7684\u6700\u5f8c\u4e00\u500b\u767c\u73fe:\u96a8\u8457\u56de\u8cfc\u7684\u8a71\u984c\u8d8a\u4f86\u8d8a\u71b1\u9580\uff0c\u4e00\u4e9b\u4eba\u5011\u5df2\u7d93\u63a5\u8fd1\u65bc\u7a31\u4e4b\u70ba\u201c\u53cd\u7f8e\u570b\u65b9\u5f0f\u7684\u201d\uff0c\u8a8d\u70ba\u5b83\u5011\u662f\u8f49\u79fb\u4e86\u751f\u7522\u6240\u9700\u8cc7\u91d1\u7684\u4f01\u696d\u7f6a\u884c\u3002<\/p>\n\n\n\n<p>\u6839\u672c\u4e0d\u662f\u9019\u6a23\u2014\u2014\u7f8e\u570b\u4f01\u696d\u548c\u79c1\u4eba\u6295\u8cc7\u8005\u5011\u90fd\u64c1\u6709\u5927\u91cf\u8cc7\u91d1\uff0c\u671f\u671b\u5176\u88ab\u6709\u6548\u5229\u7528\u3002 \u9019\u4e9b\u5e74\u6211\u4e26\u6c92\u6709\u770b\u5230\u4efb\u4f55\u8a98\u4eba\u7684\u9805\u76ee\u56e0\u8cc7\u91d1\u7f3a\u4e4f\u800c\u592d\u6298\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2022%E5%B9%B4%E7%9A%84%E8%82%A1%E6%9D%B1%E4%BF%A1\"><\/span>2022\u5e74\u7684\u80a1\u6771\u4fe1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/berkshirehathaway.com\/letters\/2022ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2022\u5e74\u7684\u80a1\u6771\u4fe1<\/a>\u4e2d\u8868\u793a\uff1a\u300c\u7576\u4f60\u88ab\u544a\u77e5\u6240\u6709\u56de\u8cfc\u90fd\u5c0d\u80a1\u6771\u6216\u570b\u5bb6\u6709\u5bb3\uff0c\u6216\u5c0d\u57f7\u884c\u9577\u7279\u5225\u6709\u5229\u6642\uff0c\u4f60\u8981\u9ebc\u662f\u5728\u807d\u4e00\u500b\u7d93\u6fdf\u6587\u76f2\uff0c\u8981\u9ebc\u662f\u5728\u807d\u4e00\u500b\u80fd\u8a00\u5de7\u8a9e\u7684\u717d\u52d5\u5bb6\uff08\u9019\u5169\u500b\u89d2\u8272\u4e26\u4e0d\u76f8\u4e92\u6392\u65a5\uff09\u3002\u300d<\/p>\n\n\n\n<p>\u300c\u8a08\u7b97\u4e26\u4e0d\u5fa9\u96dc\uff1a\u7576\u80a1\u7968\u6578\u91cf\u4e0b\u964d\u6642\uff0c\u4f60\u5c0d\u6211\u5011\u8a31\u591a\u696d\u52d9\u7684\u8208\u8da3\u5c31\u6703\u4e0a\u5347\u3002\u5982\u679c\u4ee5\u589e\u503c\u50f9\u683c\u56de\u8cfc\uff0c\u90a3\u9ebc\u6bcf\u4e00\u9ede\u90fd\u6709\u5e6b\u52a9\u3002\u300d<\/p>\n\n\n\n<p>\u300c\u61c9\u8a72\u5f37\u8abf\u7684\u662f\uff0c\u589e\u503c\u56de\u8cfc\u7684\u6536\u76ca\u6709\u5229\u65bc\u6240\u6709\u80a1\u6771\u2014\u2014\u5728\u5404\u500b\u65b9\u9762\u3002\u300d<\/p>\n\n\n\n<p>\u300c\u5728\u6ce2\u514b\u590f\uff0c\u6211\u5011\u901a\u904e\u56de\u8cfc1.2%\u7684\u516c\u53f8\u6d41\u901a\u80a1\uff0c\u76f4\u63a5\u589e\u52a0\u4e86\u60a8\u5c0d\u6211\u5011\u7368\u7279\u696d\u52d9\u7d44\u5408\u7684\u8208\u8da3\u3002\u300d<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"155\" height=\"102\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2023\/05\/rp-1600x1200-1.jpg\" alt=\"\u80a1\u7968\u56de\u8cfc\" class=\"wp-image-35609\"\/><figcaption class=\"wp-element-caption\">credit: etftrends.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\/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\/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>\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\/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\/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\/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\/\">\u5df4\u83f2\u7279\u76842023\u5e74\u5ea6\u80a1\u6771\u4fe1<\/a>\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/27\/%e9%99%8d%e4%bd%8e%e9%80%9a%e8%86%a8%e6%b3%95%e6%a1%88%e5%b0%8d%e7%be%8e%e8%82%a1%e7%9a%84%e5%bd%b1%e9%9f%bf\/\">\u300a\u964d\u4f4e\u901a\u81a8\u6cd5\u6848\u5c0d\u7f8e\u80a1\u7684\u5f71\u97ff<\/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>\u57282016\u5e74\u548c2022\u5e74\u7684\u80a1\u6771\u4fe1\u88e1\uff0c\u5df4\u83f2\u7279\u5c0d\u80a1\u7968\u56de\u8cfc\u63d0\u51fa\u4e86\u4ed6\u7684\u770b\u6cd5<\/p>\n","protected":false},"author":1,"featured_media":35609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,98],"tags":[],"class_list":["post-35608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-repurchase","category-buffett"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/35608","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=35608"}],"version-history":[{"count":1,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/35608\/revisions"}],"predecessor-version":[{"id":72409,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/35608\/revisions\/72409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/35609"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=35608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=35608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=35608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}