{"id":5459,"date":"2021-09-24T23:56:00","date_gmt":"2021-09-24T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=5459"},"modified":"2024-10-08T11:36:41","modified_gmt":"2024-10-08T03:36:41","slug":"%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/","title":{"rendered":"\u5c08\u8077\u6295\u8cc7\u4eba\u7684\u751f\u6d3b\uff0c\u4e0d\u5982\u60a8\u6240\u60f3\u7684\u611c\u610f"},"content":{"rendered":"\n<p>\u5e7e\u5929\u524d\u548c\u5e7e\u500b\u4eba\u8ac7\u5230\u9019\u500b\u8a71\u984c\u3002\u670b\u53cb\u5011\u4e00\u76f4\u554f\u6211\uff0c\u4ec0\u9ebc\u60c5\u6cc1\u4e0b\uff0c\u6295\u8cc7\u4eba\u53ef\u4ee5\u653e\u5fc3\u7684\u628a\u5de5\u4f5c\u8fad\u4e86\uff0c\u5c08\u5fc3\u505a\u6295\u8cc7\uff0c\u7576\u500b\u5c08\u8077\u6295\u8cc7\u4eba\u3002\u6bcf\u500b\u4eba\u7684\u60c5\u6cc1\u4e0d\u540c\uff0c\u6211\u81ea\u5df1\u7684\u60f3\u6cd5\u5305\u6d3b\u5169\u65b9\u9762\u3002<\/p>\n\n\n\n<p>\u4f46\u6211\u8981\u5949\u52f8\u5927\u5bb6\uff0c\u9664\u975e\u60f3\u5f97\u5f88\u900f\u5fb9\uff0c\u5343\u842c\u4e0d\u8981\u8f15\u6613\u60f3\u8981\u7576\u500b\u5c08\u8077\u6295\u8cc7\u4eba\uff0c\u56e0\u70ba\u4e0d\u82e5\u60a8\u60f3\u7684\u7f8e\u597d\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 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\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E5%9F%BA%E6%9C%AC%E6%BA%96%E5%82%99\" >\u57fa\u672c\u6e96\u5099<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E8%B2%A1%E5%8B%99%E6%BA%96%E5%82%99\" >\u8ca1\u52d9\u6e96\u5099<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E6%8A%95%E5%A0%B1%E8%A1%A8%E7%8F%BE%E6%96%B9%E9%9D%A2\" >\u6295\u5831\u8868\u73fe\u65b9\u9762<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E9%9D%9E%E8%B2%A1%E5%8B%99%E6%96%B9%E9%9D%A2\" >\u975e\u8ca1\u52d9\u65b9\u9762<\/a><\/li><\/ul><\/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\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E6%97%A5%E5%B8%B8%E7%94%9F%E6%B4%BB%E4%B8%8D%E5%A6%82%E4%B8%80%E8%88%AC%E4%BA%BA%E6%83%B3%E5%83%8F\" >\u65e5\u5e38\u751f\u6d3b\u4e0d\u5982\u4e00\u822c\u4eba\u60f3\u50cf<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E7%9C%9F%E5%AF%A6%E7%9A%84%E6%8A%95%E8%B3%87%E5%BE%88%E6%9E%AF%E7%87%A5\" >\u771f\u5be6\u7684\u6295\u8cc7\u5f88\u67af\u71e5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E5%B9%B3%E5%87%A1%E7%9A%84%E7%94%9F%E6%B4%BB\" >\u5e73\u51e1\u7684\u751f\u6d3b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E9%95%B7%E6%9C%9F%E9%87%8D%E8%A6%86%E7%9A%84%E5%8A%9F%E8%AA%B2\" >\u9577\u671f\u91cd\u8986\u7684\u529f\u8ab2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%E9%80%99%E4%BA%9B%E4%BA%8B%E5%BE%88%E9%87%8D%E8%A6%81\" >\u9019\u4e9b\u4e8b\u5f88\u91cd\u8981<\/a><\/li><\/ul><\/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\/2021\/09\/24\/%e5%b0%88%e8%81%b7%e6%8a%95%e8%b3%87%e4%ba%ba\/#%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%9F%BA%E6%9C%AC%E6%BA%96%E5%82%99\"><\/span>\u57fa\u672c\u6e96\u5099<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B2%A1%E5%8B%99%E6%BA%96%E5%82%99\"><\/span><strong>\u8ca1\u52d9\u6e96\u5099<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u60a8\u9700\u8981\u6709\u8db3\u5920\u9000\u4f11\u7684\u6295\u8cc7\u7d44\u5408\u5927\u5c0f\uff1a\u5728\u53f0\u7063\uff0c\u6211\u500b\u4eba\u8a8d\u70ba\u300c\u55ae\u8eab\u8005\u6de8\u8cc7\u7522\u300d\u81f3\u5c11\u8981\u6709\u65b0\u53f0\u5e63800\u842c\u5143\uff0828.8\u842c\u7f8e\u91d1\uff09\uff0c\u7576\u7136\u9019\u662f\u4ee52021\u5e74\u4f30\u8a08\u5f97\u51fa\u7684\u300c\u6700\u4f4e\u7684\u7269\u617e\u8981\u6c42\u300d\uff0e\u6211\u8981\u5f37\u8abf\u9019\u662f\u300e\u6700\u4f4e\u7684\u7269\u617e\u8981\u6c42\u300f\uff0c\u4e5f\u5c31\u662f\u8207\u4e16\u7121\u722d\uff0c\u4e0d\u904e\u554f\u4e16\u4e8b\uff1b\u53ea\u4fdd\u6709\u300c\u6700\u7c21\u55ae\u4e14\u53ea\u662f\u57fa\u672c\u7684\u300d\u8863\u98df\u4f4f\u884c\u5a1b\u6a02\uff0c\u4e5f\u5c31\u662f\u4e00\u822c\u4eba\u6240\u8b02\u7121\u804a\u7684\u9000\u4f11\u8001\u5e74\u4eba\u7684\u751f\u6d3b\u3002<\/p>\n\n\n\n<p>\u722d\u8ad6\u9019\u500b\u6578\u5b57\u5920\u4e0d\u5920\u6c92\u610f\u7fa9\uff0c\u56e0\u70ba\u6bcf\u500b\u4eba\u7684\u751f\u6d3b\u6c34\u6e96\u8981\u6c42\u4e0d\u540c\uff0e\u5982\u679c\u60a8\u9000\u4f11\u5f8c\u60f3\u6642\u5e38\u74b0\u904a\u4e16\u754c\uff0c\u6bcf\u5e74\u51fa\u570b\u4e09\u4e94\u8d9f\uff0c\u6642\u5e38\u5403\u5927\u9910\uff0c\u8c50\u5bcc\u7cbe\u5f69\u7684\u751f\u6d3b\u5167\u5bb9\uff0c\u642c\u53bb\u4f4f\u5e02\u5fc3\u8cb7\u65b0\u623f\uff0c\u9084\u6709\u8cb8\u6b3e\u8981\u4ed8\uff0c\u8981\u6709\u50ad\u4eba\u4f8d\u5019\uff0c\u7576\u7136\u53e6\u7576\u5225\u8ad6\u3002\u524d\u63d0\u662f\u4e0d\u80fd\u751f\u4efb\u4f55\u7684\u5927\u75c5\uff0c\u800c\u4e14\u5fc5\u9808\u8981\u6709\u81ea\u4f4f\u623f\u7522\u3002\u5982\u679c\u975e\u55ae\u8eab\uff0c\u53c8\u6c92\u6709\u81ea\u4f4f\u623f\u7522\u8005\uff0c\u65b0\u53f0\u5e631500\u842c\u5143\u61c9\u8a72\u90fd\u5f88\u5371\u96aa\u3002<\/p>\n\n\n\n<p>\u518d\u5f37\u8abf\u4e00\u4e0b\uff0c\u4e0d\u8981\u5c0f\u770b\u901a\u81a8\u7684\u5a01\u529b\u3002\u8a73\u60c5\u8acb\u53c3\u8003\u6211\u7684\u53e6\u4e00\u7bc7\u90e8\u843d\u683c\u6587\u7ae0\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/29\/%e6%8a%95%e8%b3%87%e4%ba%ba%e7%9a%84%e5%85%a9%e5%a4%a7%e6%ae%ba%e6%89%8b%e9%80%9a%e8%86%a8%e5%92%8c%e5%88%a9%e7%8e%87\/\">\u6295\u8cc7\u4eba\u7684\u4e09\u5927\u6bba\u624b\uff1a\u901a\u81a8\uff0c\u5229\u7387\uff0c\u548c\u7a05\u8ce6<\/a>\u300b\u3002<\/p>\n\n\n\n<h3 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E5%A0%B1%E8%A1%A8%E7%8F%BE%E6%96%B9%E9%9D%A2\"><\/span><strong>\u6295\u5831\u8868\u73fe\u65b9\u9762<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6211\u8a8d\u70ba\u9019\u4e00\u90e8\u4efd\u6bd4\u8f03\u5bb9\u6613\uff0c\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\u7b2c\u4e00\u7ae0\u63d0\u904e\uff0c\u6700\u597d\u662f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5341\u5e74\u4ee5\u4e0a\u7684\u6295\u8cc7\u7d93\u9a57\uff1a\u4e2d\u9593\u4e0d\u80fd\u4e2d\u65b7\uff0c\u7406\u7531\u5f88\u7c21\u55ae\uff0c\u6295\u8cc7\u8d85\u904e\u5341\u5e74\uff0c\u60a8\u4e00\u5b9a\u6703\u7d93\u904e40%\u7684\u5d29\u76e4\u548c\u591a\u6b21\u5927\u5e45\u4fee\u6b63\u3002\u6c92\u6709\u9019\u9805\u7d93\u9a57\uff0c\u8f49\u53bb\u505a\u5c08\u8077\u6295\u8cc7\u4eba\uff0c\u6703\u5f88\u5192\u96aa\u3002\u5df4\u83f2\u7279\u5c31\u8aaa\u904e\u300c\u6bcf\u9694\u5341\u5e74\u5de6\u53f3\uff0c\u7d93\u6fdf\u666f\u6c23\u6703\u88ab\u70cf\u96f2\u7c60\u7f69\uff0c\u7136\u800c\u4e0d\u4e45\u5f8c\u5e02\u5834\u5c31\u6703\u77ed\u66ab\u7684\u964d\u4e0b\u9ec3\u91d1\u96e8\u3002\u300d<\/li>\n\n\n\n<li>\u5e74\u5316\u5831\u916c\u7387\u5927\u65bc15%\uff1a\u9019\u4ee3\u8868\u4e0d\u52305\u5e74\u60a8\u7684\u6295\u8cc7\u8cc7\u7522\u53ef\u4ee5\u52a0\u500d\uff0c\u6295\u8cc7\u5341\u5e74\u53ef\u4ee5\u6709\u5e74\u5316\u5831\u916c\u738715%\u7684\u4eba\u5c31\u5df2\u7d93\u5f88\u4e0d\u5bb9\u6613\u4e86\u3002\u82e5\u5e74\u5316\u5831\u916c\u7387\u4e0d\u523010%\u8005\uff0c\u5efa\u8b70\u8cb7\u5927\u76e4ETF\uff0c\u8cb7\u5927\u76e4ETF\u5c6c\u65bc\u61f6\u4eba\u6295\u8cc7\u6cd5\uff0c\u4e0d\u9700\u8981\u5c08\u8077\u6295\u8cc7\u3002\u800c\u4e14\u5927\u5bb6\u8981\u8a18\u4f4f\u4e00\u4ef6\u4e8b\uff0c\u85aa\u6c34\u6210\u9577\u7387\u53ea\u6703\u6108\u4f86\u6108\u4f4e\uff0c\u751f\u6d3b\u958b\u92b7\u53ea\u6703\u6108\u4f86\u6108\u9ad8\uff1b\u9019\u4ee3\u8868\u901a\u81a8\u6108\u4f86\u6108\u9ad8\uff0c\u672a\u4f86\u5e74\u5316\u5831\u916c\u7387\u4e0d\u523010%\u7684\u6295\u8cc7\u8005\uff0c\u665a\u5e74\u751f\u6d3b\u582a\u616e\u3002<\/li>\n\n\n\n<li>\u6295\u8cc7\u7d44\u5408\u8981\u5920\u5927\uff1a\u81f3\u5c11\u8981\u6709\u6298\u5408\u7f8e\u91d130\u842c\u7684\u6295\u8cc7\u7d44\u5408\uff0c\u9019\u662f\u6700\u4f4e\u7684\u8981\u6c42\uff1b50\u842c\u7f8e\u91d1\u4ee5\u4e0a\u6bd4\u8f03\u5b89\u5168\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%9D%9E%E8%B2%A1%E5%8B%99%E6%96%B9%E9%9D%A2\"><\/span><strong>\u975e\u8ca1\u52d9\u65b9\u9762 <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9019\u4e00\u90e8\u4efd\u5c31\u4e0d\u662f\u786c\u9700\u6c42\u4e86\uff0c\u6295\u8cc7\u4eba\u6700\u597d\u8981\u8aa0\u5be6\u9762\u5c0d\u81ea\u5df1\uff0c\u8861\u91cf\u81ea\u5df1\u662f\u5426\u7b26\u5408\u4ee5\u4e0b\u5e7e\u9805\u56e0\u7d20\uff1a <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u500b\u6027\u548c\u8208\u8da3\u662f\u5426\u9069\u5408\uff1a\u5927\u90e8\u4efd\u4eba\u662f\u4e0d\u9069\u5408\u80a1\u5e02\u6295\u8cc7\u7684\uff0c\u66f4\u4f55\u6cc1\u662f\u5c08\u8077\u6295\u8cc7\u4eba\u3002\u73fe\u4ee3\u4eba\u58fd\u547d\u5f88\u9577\uff0c\u6c92\u6709\u4f86\u81ea\u5167\u5fc3\u7684\u81ea\u6211\u52d5\u529b\uff0c\u4e0d\u53ef\u80fd\u9577\u4e45\u3002<\/li>\n\n\n\n<li>\u81ea\u5236\u529b\uff1a\u81ea\u5f8b\u662f\u6210\u529f\u6295\u8cc7\u4eba\u5fc5\u9808\u5177\u5099\u7684\u500b\u6027\uff0c\u9000\u4f11\u5f8c\u6c92\u6709\u4eba\u6703\u4f86\u50ac\u5de5\u4f5c\u5831\u544a\uff0c\u60a8\u662f\u5426\u80fd\u97ad\u7b56\u81ea\u5df1\uff0c\u505a\u5fc5\u8981\u7684\u529f\u8ab2\uff0c\u80fd\u7dad\u6301\u4e00\u5b9a\u7684\u5831\u916c\u7387\uff0c\u9019\u90fd\u662f\u5f88\u8d77\u78bc\u7684\u8981\u6c42\u3002<\/li>\n\n\n\n<li>\u5bb6\u4eba\u7684\u652f\u6301\uff1a\u5bb6\u4eba\u4e0d\u652f\u6301\uff0c\u9019\u4e00\u5207\u90fd\u662f\u7a7a\u8ac7\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%97%A5%E5%B8%B8%E7%94%9F%E6%B4%BB%E4%B8%8D%E5%A6%82%E4%B8%80%E8%88%AC%E4%BA%BA%E6%83%B3%E5%83%8F\"><\/span>\u65e5\u5e38\u751f\u6d3b\u4e0d\u5982\u4e00\u822c\u4eba\u60f3\u50cf<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9C%9F%E5%AF%A6%E7%9A%84%E6%8A%95%E8%B3%87%E5%BE%88%E6%9E%AF%E7%87%A5\"><\/span><strong><strong>\u771f\u5be6\u7684\u6295\u8cc7\u5f88\u67af\u71e5<\/strong> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u7279\u65af\u62c9\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aTSLA\uff09\u7684\u99ac\u65af\u514b\u5c0d\u5df4\u83f2\u7279\u5c31\u662f\u9019\u9ebc\u8a55\u8ad6\u7684\uff0c\u4f46\u6211\u975e\u5e38\u8d0a\u540c\u99ac\u65af\u514b\u7684\u770b\u6cd5\uff0c\u5165\u6728\u4e09\u5206\u3002\u300c\u8b93\u6211\u4ee5\u5df4\u83f2\u7279\u70ba\u4f8b\u300d \u99ac\u65af\u514b\u5728 2008 \u5e74\u8aaa\u3002\u300c\u5766\u7387\u5730\u8aaa\uff0c\u6211\u4e0d\u662f\u4ed6\u7684\u5fe0\u5be6\u7c89\u7d72\uff0c\u4f46\u4ed6\u505a\u4e86\u5f88\u591a\u8cc7\u672c\u914d\u7f6e\u300d\uff0c\u6307\u7684\u662f\u5c07\u516c\u53f8\u7684\u8ca1\u52d9\u8cc7\u6e90\u5206\u914d\u7d66\u66f4\u597d\u5730\u4fc3\u9032\u5176\u9577\u671f\u589e\u9577\u3002 \u300c\u4ed6\u8b80\u4e86\u5f88\u591a\u5e74\u5831\u548c\u6703\u8a08\uff0c\u771f\u7684\u5f88\u7121\u804a\u3002\u300d\u99ac\u65af\u514b\u5c07\u5df4\u83f2\u7279\u4f5c\u70ba\u6295\u8cc7\u8005\u7684\u5de5\u4f5c\u63cf\u8ff0\u70ba\u8a66\u5716\u300c \u5f04\u6e05\u695a\uff0c\u53ef\u53e3\u53ef\u6a02\u6216\u767e\u4e8b\u53ef\u6a02\u662f\u5426\u503c\u5f97\u66f4\u591a\u8cc7\u672c\uff1f\u300d\u5f8c\u4f86\uff0c\u99ac\u65af\u514b\u8aaa\u4f46\u300c\u6211\u7684\u610f\u601d\u662f\uff0c\u5982\u679c\u4f60\u554f\u6211\uff0c\u90a3\u662f\u4e00\u4efd\u7121\u804a\u7684\u5de5\u4f5c\uff0c\u4f46\u5b83\u4ecd\u7136\u662f\u4e00\u4ef6\u5f88\u91cd\u8981\u7684\u4e8b\u60c5\uff0c\u9700\u8981\u5f04\u6e05\u695a \u3002  \u300d \u99ac\u65af\u514b\u8aaa\u3002\u300c\u6bd4\u5982\uff0c\u54ea\u5bb6\u516c\u53f8\u61c9\u8a72\u5f97\u5230\u66f4\u591a\u6216\u66f4\u5c11\u7684\u8cc7\u672c\uff1f\u90a3\u5bb6\u516c\u53f8\u61c9\u8a72\u6210\u9577\u9084\u662f\u64f4\u5f35\uff1f\u5b83\u751f\u7522\u7684\u7522\u54c1\u6216\u670d\u52d9\u662f\u6bd4\u5176\u4ed6\u516c\u53f8\u66f4\u597d\u9084\u662f\u66f4\u5dee\uff1f\u5982\u679c\u4e00\u5bb6\u516c\u53f8\u6b63\u5728\u751f\u7522\u5f15\u4eba\u6ce8\u76ee\u7684\u7522\u54c1\u6216\u670d\u52d9\uff0c\u5b83\u61c9\u8a72\u7372\u5f97\u66f4\u591a\u7684\u8cc7\u672c\u3002\u5982\u679c\u6c92\u6709\uff0c\u5b83\u61c9\u8a72\u6703\u6e1b\u5c11\u3002\u300d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B9%B3%E5%87%A1%E7%9A%84%E7%94%9F%E6%B4%BB\"><\/span><strong>\u5e73\u51e1<\/strong>\u7684\u751f\u6d3b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u800c\u4e14\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>\u6c92\u6709\u5fc5\u8981\u505a\u975e\u51e1\u7684\u4e8b\u60c5\u624d\u80fd\u7372\u5f97\u975e\u51e1\u7684\u7d50\u679c\u3002<\/strong>\u300d\u4ed6\u8a8d\u70ba\uff0c\u8077\u5834\u4e0a\u6700\u597d\u7684\u6210\u529f\u53ef\u4ee5\u4f86\u81ea\u65bc\u90a3\u4e9b\u59cb\u7d42\u5982\u4e00\u7684\u4eba\u3002\u83ef\u800c\u4e0d\u5be6\u7684\u60f3\u6cd5\u548c\u5b8f\u5049\u7684\u8a08\u5283\u53ea\u6703\u8b93\u4f60\u8d70\u5f97\u66f4\u9060\u3002\u6700\u7d42\uff0c\u53ef\u4ee5\u5f9e\u7d50\u679c\u4f86\u8aaa\u660e\u4e86\u4e00\u5207 \u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%95%B7%E6%9C%9F%E9%87%8D%E8%A6%86%E7%9A%84%E5%8A%9F%E8%AA%B2\"><\/span>\u9577\u671f<strong>\u91cd\u8986\u7684\u529f\u8ab2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>\u80a1\u7968\u6295\u8cc7\u5176\u5be6\u662f\u5f88\u67af\u71e5\u4e4f\u5473\u7684\u5de5\u4f5c<\/strong>\uff0c\u6211\u81ea\u5df1\u73fe\u5728\u4e00\u5929\u81f3\u5c11\u82b112\u523015\u500b\u5c0f\u6642\u5728\u6295\u8cc7\u529f\u8ab2\u4e0a\uff0c\u6bcf\u500b\u4eba\u7684\u60c5\u5f62\u6216\u6709\u4e0d\u540c\uff0c\u4f46\u6295\u5165\u60a8\u5927\u90e8\u4efd\u7684\u6642\u9593\u662f\u5fc5\u9700\u7684\u3002\u6295\u8cc7\u662f\u4e00\u689d\u6f2b\u6f2b\u9577\u8def\uff1b\u6700\u5f8c\u80fd\u6210\u529f\u8005\u90fd\u7d93\u6b77\u904e\u9577\u671f\u7684\u5b64\u55ae\u548c\u5fc5\u9808\u8207\u773e\u4e0d\u540c\u7684\u714e\u71ac\uff0c\u52a0\u4e0a\u5fc5\u8981\u7684\u8010\u5fc3\uff0c\u4f46\u73fe\u4ee3\u4eba\u6108\u4f86\u6108\u6c92\u6709\u8010\u5fc3\uff0c\u5e74\u7d00\u6f38\u9577\u5f8c\u66f4\u7f3a\u4e4f\u597d\u5947\u5fc3\u548c\u8010\u5fc3\uff0c\u9019\u90fd\u662f\u4e0d\u5229\u7684\u56e0\u7d20\u3002\u4e00\u822c\u4eba\u53ea\u770b\u5230\u597d\u7684\u4e00\u9762\uff0c\u60f3\u50cf\u8cfa\u9322\u6642\u7684\u7f8e\u9e97\u9060\u666f\uff0c\u4f46\u73fe\u5be6\u5f88\u6b98\u9177\u3002\u60f3\u6e05\u695a\uff01<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/09\/mozlase-1600x1200-1.jpg\" alt=\"\u5c08\u8077\u6295\u8cc7\" class=\"wp-image-25321\" width=\"192\" height=\"140\"\/><figcaption class=\"wp-element-caption\">credit: mozlase<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%99%E4%BA%9B%E4%BA%8B%E5%BE%88%E9%87%8D%E8%A6%81\"><\/span>\u9019\u4e9b\u4e8b\u5f88\u91cd\u8981<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u8010\u5fc3\u3001\u6642\u9593\u3001\u7d00\u5f8b\u9019\u4e09\u4ef6\u4e8b\u5f88\u91cd\u8981\uff1b\u5efa\u8b70\u60a8\u53ef\u4ee5\u53c3\u8003\u6211\u7684\u4ee5\u4e0b\u5e7e\u7bc7\u90e8\u843d\u683c\u6587\u7ae0\u7684\u8aaa\u660e\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/05\/16\/%e7%84%a1%e5%8f%af%e6%88%96%e7%bc%ba%e7%9a%84%e6%8a%95%e8%b3%87%e6%88%90%e5%8a%9f%e8%a6%81%e7%b4%a0-%e8%80%90%e5%bf%83\/\">\u8010\u5fc3\uff0c\u7121\u53ef\u6216\u7f3a\u76841\u9805\u6295\u8cc7\u6210\u529f\u8981\u7d20<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/18\/%e6%99%82%e9%96%93%e3%80%81%e7%b4%80%e5%be%8b%e5%92%8c%e8%80%90%e5%bf%83%e6%98%af%e6%88%90%e5%8a%9f%e6%8a%95%e8%b3%87%e7%9a%84%e4%b8%89%e5%80%8b%e8%a6%81%e7%b4%a0\/\">\u6642\u9593\u3001\u7d00\u5f8b\u548c\u8010\u5fc3\u662f\u6210\u529f\u6295\u8cc7\u76843\u500b\u8981\u7d20<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/29\/%e6%8a%95%e8%b3%87%e4%ba%ba%e7%9a%84%e5%85%a9%e5%a4%a7%e6%ae%ba%e6%89%8b%e9%80%9a%e8%86%a8%e5%92%8c%e5%88%a9%e7%8e%87\/\">\u6295\u8cc7\u4eba\u7684\u4e09\u5927\u6bba\u624b\uff1a\u901a\u81a8\uff0c\u5229\u7387\uff0c\u548c\u7a05\u8ce6<\/a>\u300b<\/li>\n<\/ul>\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\/2021\/09\/24\/%E5%B0%88%E8%81%B7%E6%8A%95%E8%B3%87%E4%BA%BA\/\">\u5c08\u8077\u6295\u8cc7\u4eba\u7684\u751f\u6d3b\uff0c\u4e0d\u5982\u60a8\u6240\u60f3\u7684\u611c\u610f<\/a><\/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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