{"id":62396,"date":"2025-03-10T23:56:00","date_gmt":"2025-03-10T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=62396"},"modified":"2026-07-23T12:12:59","modified_gmt":"2026-07-23T04:12:59","slug":"%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/","title":{"rendered":"\u6295\u8cc7\u548c\u6295\u6a5f"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 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\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E4%B8%89%E4%BD%8D%E5%A4%A7%E5%B8%AB%E7%9A%84%E8%A6%8B%E8%A7%A3\" >\u4e09\u4f4d\u5927\u5e2b\u7684\u898b\u89e3<\/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\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E5%87%B1%E5%9B%A0%E6%96%AF\" >\u51f1\u56e0\u65af<\/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\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E8%91%9B%E6%8B%89%E6%BC%A2\" >\u845b\u62c9\u6f22<\/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\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E5%B7%B4%E8%8F%B2%E7%89%B9\" >\u5df4\u83f2\u7279<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E5%85%B1%E5%90%8C%E9%BB%9E\" >\u5171\u540c\u9ede<\/a><\/li><\/ul><\/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\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E6%96%BD%E9%9F%8B%E5%BE%B7%E7%9A%84%E7%9C%8B%E6%B3%95\" >\u65bd\u97cb\u5fb7\u7684\u770b\u6cd5<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E6%9C%80%E6%9C%89%E8%A6%8B%E5%9C%B0%E7%9A%84%E8%AA%AA%E6%B3%95\" >\u6700\u6709\u898b\u5730\u7684\u8aaa\u6cd5<\/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\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E6%9B%B8%E4%B8%AD%E7%9B%B8%E9%97%9C%E7%9A%84%E8%A6%8B%E8%A7%A3\" >\u66f8\u4e2d\u76f8\u95dc\u7684\u898b\u89e3<\/a><\/li><\/ul><\/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\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E5%87%B1%E5%9B%A0%E6%96%AF%E7%9A%84%E7%9C%8B%E6%B3%95\" >\u51f1\u56e0\u65af\u7684\u770b\u6cd5<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E5%87%B1%E5%9B%A0%E6%96%AF%E7%9A%84%E7%99%BC%E8%A8%80\" >\u51f1\u56e0\u65af\u7684\u767c\u8a00<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E6%8A%95%E6%A9%9F%E4%B8%8D%E5%8F%AF%E8%83%BD%E8%B3%BA%E5%88%B0%E9%8C%A2\" >\u6295\u6a5f\u4e0d\u53ef\u80fd\u8cfa\u5230\u9322<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E6%8A%95%E6%A9%9F%E6%98%AF%E5%8D%B1%E9%9A%AA%E7%9A%84\" >\u6295\u6a5f\u662f\u5371\u96aa\u7684<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E6%8A%95%E6%A9%9F%E6%98%AF%E6%B5%81%E5%8B%95%E6%80%A7%E7%9A%84%E7%B5%90%E6%9E%9C\" >\u6295\u6a5f\u662f\u6d41\u52d5\u6027\u7684\u7d50\u679c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E9%A0%90%E6%9C%9F%E4%BA%A4%E6%98%93%E6%98%AF%E6%9C%89%E5%AE%B3%E7%9A%84\" >\u9810\u671f\u4ea4\u6613\u662f\u6709\u5bb3\u7684<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E6%8A%95%E8%B3%87%E8%82%A1%E7%A5%A8%E5%B0%B1%E6%98%AF%E6%8A%95%E8%B3%87%E7%9C%9F%E6%AD%A3%E7%9A%84%E5%83%B9%E5%80%BC\" >\u6295\u8cc7\u80a1\u7968\u5c31\u662f\u6295\u8cc7\u771f\u6b63\u7684\u50f9\u503c<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E8%91%9B%E6%8B%89%E6%BC%A2%E7%9A%84%E8%A7%80%E9%BB%9E\" >\u845b\u62c9\u6f22\u7684\u89c0\u9ede<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E5%AE%9A%E7%BE%A9\" >\u5b9a\u7fa9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E6%8A%95%E8%B3%87%E8%80%85%E8%88%87%E6%8A%95%E6%A9%9F%E8%80%85\" >\u6295\u8cc7\u8005\u8207\u6295\u6a5f\u8005<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E9%A2%A8%E9%9A%AA\" >\u98a8\u96aa<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%A7%80%E9%BB%9E\" >\u5df4\u83f2\u7279\u7684\u89c0\u9ede<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%E7%B5%90%E8%AA%9E\" >\u7d50\u8a9e<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/#%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=\"%E4%B8%89%E4%BD%8D%E5%A4%A7%E5%B8%AB%E7%9A%84%E8%A6%8B%E8%A7%A3\"><\/span>\u4e09\u4f4d\u5927\u5e2b\u7684\u898b\u89e3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5728\u300a<a href=\"https:\/\/www.amazon.com\/Essential-Buffett-Timeless-Principles-Economy\/dp\/047122703X\" target=\"_blank\" rel=\"noopener\">\u6295\u8cc7\u7684\u672c\u8cea\uff08The Essential Buffett\uff09<\/a>\u300b\u4e00\u66f8\u4e2d\uff0c\u4f5c\u8005\u7f85\u4f2f\u7279\uff0e\u6d77\u683c\u65af\u58ef\uff08Robert G. Hagstrom Jr.\uff09\u6574\u7406\u4e86\u9802\u7d1a\u6295\u8cc7\u5927\u5e2b\u7684\u6295\u8cc7\u8005\u548c\u6295\u6a5f\u8005\u4e4b\u9593\u7684\u5340\u5225\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%87%B1%E5%9B%A0%E6%96%AF\"><\/span>\u51f1\u56e0\u65af<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6295\u8cc7\u662f\u9810\u6e2c\u8cc7\u7522\u672a\u4f86\u5831\u916c\u7684\u6d3b\u52d5\u3002<\/li>\n\n\n\n<li>\u6295\u6a5f\u662f\u9810\u6e2c\u5e02\u5834\u5fc3\u7406\u7684\u6d3b\u52d5<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%91%9B%E6%8B%89%E6%BC%A2\"><\/span>\u845b\u62c9\u6f22<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6295\u8cc7\u5c31\u662f\u57fa\u65bc\u5408\u7406\u7684\u908f\u8f2f\uff0c\u5be9\u614e\u7684\u5206\u6790\uff0c\u4fdd\u969c\u672c\u91d1\u5b89\u5168\uff0c\u7372\u5f97\u6eff\u610f\u7684\u5831\u916c\u3002<\/li>\n\n\n\n<li>\u6eff\u610f\u7684\u734e\u52f5\u662f\u4e3b\u89c0\u7684\u3002<\/li>\n\n\n\n<li>\u5be9\u614e\u5206\u6790\u610f\u5473\u8457\u8a8d\u771f\u5206\u6790\u73fe\u6709\u4fe1\u606f\uff0c\u6839\u64da\u76f8\u95dc\u539f\u5247\u5f97\u51fa\u7d50\u8ad6\u4e26\u505a\u51fa\u6b63\u78ba\u7684\u908f\u8f2f\u6c7a\u7b56\u3002<\/li>\n\n\n\n<li>\u80a1\u7968\u7684\u5206\u6790\u6b65\u9a5f\u5fc5\u9700\u5305\u62ec\uff1a\uff081\uff09\u63cf\u8ff0\uff0c\uff082\uff09\u8a55\u8ad6\uff0c\uff083\uff09\u9078\u64c7\u3002<\/li>\n\n\n\n<li>\u4efb\u4f55\u4e0d\u7b26\u5408\u4e0a\u8ff0\u8981\u6c42\u7684\u6d3b\u52d5\u90fd\u5c6c\u65bc\u6295\u6a5f\u884c\u70ba\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9\"><\/span>\u5df4\u83f2\u7279<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6295\u8cc7\u8005\u95dc\u5fc3\u8cc7\u7522\uff08\u5305\u62ec\u516c\u53f8\uff09\u3002<\/li>\n\n\n\n<li>\u6295\u6a5f\u8005\u5c08\u6ce8\u65bc\u9810\u6e2c\u7368\u7acb\u65bc\u516c\u53f8\u7684\u50f9\u683c\u8b8a\u5316\u3002<\/li>\n\n\n\n<li>\u5805\u6301\u5340\u5206\u6295\u8cc7\u548c\u6295\u6a5f\uff0c\u4e0d\u8981\u6df7\u6dc6\u3002 <\/li>\n\n\n\n<li>\u77e5\u8b58\u6709\u52a9\u65bc\u5340\u5206\u6295\u8cc7\u548c\u6295\u6a5f\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%85%B1%E5%90%8C%E9%BB%9E\"><\/span>\u5171\u540c\u9ede<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9019\u4e09\u4f4d\u6295\u8cc7\u5927\u5e2b\u7684\u898b\u89e3\u90fd\u6709\u4ee5\u4e0b\u7684\u5171\u540c\u9ede\uff0c\u4ed6\u5011\u90fd\u540c\u610f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6295\u6a5f\u8005\u5c0d\u731c\u6e2c\u672a\u4f86\u50f9\u683c\u66f4\u611f\u8208\u8da3\u3002<\/li>\n\n\n\n<li>\u6295\u8cc7\u4eba\u300c\u77e5\u9053\u300d\u672a\u4f86\u7684\u50f9\u683c\u8868\u73fe\u8207\u8cc7\u7522\u7684\u7d93\u6fdf\u72c0\u6cc1\u7dca\u5bc6\u76f8\u95dc\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%96%BD%E9%9F%8B%E5%BE%B7%E7%9A%84%E7%9C%8B%E6%B3%95\"><\/span>\u65bd\u97cb\u5fb7\u7684\u770b\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%9C%80%E6%9C%89%E8%A6%8B%E5%9C%B0%E7%9A%84%E8%AA%AA%E6%B3%95\"><\/span>\u6700\u6709\u898b\u5730\u7684\u8aaa\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5728\u300a<a href=\"https:\/\/www.amazon.com\/Where-Are-Customers-Yachts-Street\/dp\/0471770892\" target=\"_blank\" rel=\"noopener\">\u5ba2\u6236\u7684\u904a\u8247\u5728\u54ea\u88e1\uff08Where Are the Customers&#8217; Yachts?\uff09<\/a>\u300b\u4e00\u66f8\u4e2d\uff0c\u4f5c\u8005Fred Schwed Jr. \u5beb\u9053\uff1a\u300c\u6295\u6a5f\u662f\u4e00\u7a2e\u8a66\u5716\u5c07\u5c0f\u9322\u8b8a\u6210\u5927\u9322\u7684\u52aa\u529b\uff0c\u5118\u7ba1\u53ef\u80fd\u4e0d\u6703\u6210\u529f\u3002\u6295\u8cc7\u662f\u4e00\u7a2e\u52aa\u529b\uff0c\u5fc5\u9808\u6210\u529f\uff0c\u624d\u80fd\u9632\u6b62\u5927\u9322\u8b8a\u6210\u5c0f\u9322\u3002\u300d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%9B%B8%E4%B8%AD%E7%9B%B8%E9%97%9C%E7%9A%84%E8%A6%8B%E8%A7%A3\"><\/span>\u66f8\u4e2d\u76f8\u95dc\u7684\u898b\u89e3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6295\u8cc7\u8005\u548c\u6295\u6a5f\u8005\u90fd\u6709\u60f3\u8981\u4e86\u89e3\u672a\u4f86\u7684\u7fd2\u6163\u3002\u9019\u4e9b\u9700\u6c42\u7531\u83ef\u723e\u8857\u6eff\u8db3\u2500\u2500\u2500\u4ed6\u5011\u5c0d\u81ea\u5df1\u7684\u80fd\u529b\u5145\u6eff\u4fe1\u5fc3\u2500\u2500\u2500\u9019\u65b9\u4fbf\u5730\u4fc3\u9032\u4e86\u4ea4\u6613\u3002\u73fe\u5be6\u7684\u7b54\u6848\u662f\u300c\u6211\u4e0d\u77e5\u9053\u300d\u2500\u2500\u2500\u9019\u4e5f\u662f\u5c0d\u65bc\u4efb\u4f55\u6709\u95dc\u672a\u4f86\u7684\u554f\u984c\u6700\u96e3\u5f97\u5230\uff08\u548c\u7d66\u51fa\uff09\u7684\u7b54\u6848\u3002<\/p>\n\n\n\n<p>\u5178\u578b\u7684\u6295\u6a5f\u8005\u5c07\u80a1\u7968\u8996\u70ba\u80a1\u7968\u4ee3\u78bc\u548c\u7528\u4f86\u73a9\u904a\u6232\u7684\u7d19\u7247\uff0c\u800c\u4e0d\u662f\u64c1\u6709\u5de5\u5ee0\u3001\u5de5\u4eba\u548c\u7522\u54c1\u7684\u4f01\u696d\u3002\u6b63\u662f\u56e0\u70ba\u7121\u6cd5\u770b\u6e05\u4e8b\u7269\u7684\u672c\u8cea\uff0c\u624d\u5c0e\u81f4\u4e86\u6975\u5ea6\u5192\u96aa\u548c\u6bc0\u6ec5\u3002<\/p>\n\n\n\n<p>\u300c\u60a8\u5982\u4f55\u770b\u5f85\u9019\u6a23\u4e00\u500b\u4eba\u7684\u5fc3\u614b\uff1a\u4ed6\u8eab\u7121\u9577\u7269\u5730\u8d70\u9032\u83ef\u723e\u8857\uff0c\u900f\u904e\u6295\u6a5f\u8d0f\u53d6\u4e86\u4e09\u5343\u842c\uff0c\u800c\u4e14\u4e00\u5206\u9322\u90fd\u6c92\u6709\u8f38\u6389\uff1f\u6211\u500b\u4eba\u6df1\u601d\u719f\u616e\u5f8c\u7684\u770b\u6cd5\u662f\uff0c\u4ed6\u4e5f\u5e7e\u4e4e\u662f\u500b\u760b\u5b50\u3002\u70ba\u4e86\u8cfa\u5230\u7b2c\u4e8c\u500b\u4e26\u4e0d\u91cd\u8981\u7684\u4e00\u767e\u842c\uff0c\u4ed6\u4e0d\u5f97\u4e0d\u5192\u8457\u5931\u53bb\u7b2c\u4e00\u500b\u5bf6\u8cb4\u7684\u4e00\u767e\u842c\u7684\u98a8\u96aa\u3002\u5c31\u50cf\u5df4\u83f2\u7279\u5192\u8457\u5931\u53bb\u73fe\u6709\u548c\u6240\u9700\u4e4b\u7269\u7684\u98a8\u96aa\u53bb\u63db\u53d6\u4e0d\u9700\u8981\u4e4b\u7269\u4e00\u6a23\u3002<\/p>\n\n\n\n<p>\u7e3d\u6703\u6709\u5c11\u6578\u6295\u6a5f\u8005\u5e74\u5fa9\u4e00\u5e74\u8cfa\u9322\uff0c\u5c31\u50cf\u7e3d\u6703\u6709\u5c11\u6578\u62cb\u786c\u5e63\u7684\u4eba\u5e78\u904b\u5730\u9023\u7e8c\u64f2\u51fa\u6b63\u9762\u4e00\u6a23\u3002\u6642\u9593\u62d6\u5f97\u8d8a\u9577\uff0c\u6295\u6a5f\u8005\u548c\u62cb\u786c\u5e63\u8005\u5169\u4eba\u5c31\u8d8a\u76f8\u4fe1\u81ea\u5df1\u64c1\u6709\u67d0\u7a2e\u96b1\u85cf\u7684\u6280\u80fd\u3002<\/p>\n\n\n\n<p>\u6295\u6a5f\u8207\u6295\u8cc7\u4e4b\u9593\u7684\u754c\u7dda\u5f88\u5fae\u5999\uff0c\u5169\u8005\u4e4b\u9593\u7684\u5dee\u7570\u4e26\u4e0d\u7e3d\u662f\u5f88\u660e\u986f\u3002\u4e00\u500b\u660e\u986f\u7684\u5dee\u7570\u662f\uff0c\u6295\u6a5f\u662f\u70ba\u4e86\u5feb\u901f\u81f4\u5bcc\uff0c\u800c\u6295\u8cc7\u662f\u70ba\u4e86\u6162\u6162\u81f4\u5bcc\u3002\u96a8\u8457\u6642\u9593\u7bc4\u570d\u7684\u5ef6\u9577\uff0c\u6210\u529f\u7684\u6a5f\u6703\u4e5f\u6703\u589e\u52a0\u3002<\/p>\n\n\n\n<p><strong>\u8a3b<\/strong>\uff1a\u300a<a href=\"https:\/\/www.amazon.com\/Where-Are-Customers-Yachts-Street\/dp\/0471770892\" target=\"_blank\" rel=\"noopener\">\u5ba2\u6236\u7684\u904a\u8247\u5728\u54ea\u88e1\uff08Where Are the Customers&#8217; Yachts?\uff09<\/a>\u300b\uff0c\u53f0\u7063\u4e5f\u6709\u65e9\u671f\u7684\u7248\u672c\u66f8\u540d\u8b6f\u70ba\u300a\u80a1\u7968\u5e02\u5834\u986f\u76f8\u5be6\u9304\u300b\uff0c\u9019\u662f\u4e00\u672c\u6211\u500b\u4eba\u975e\u5e38\u63a8\u8350\u7684\u80a1\u7968\u6295\u8cc7\u66f8\u7c4d\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%87%B1%E5%9B%A0%E6%96%AF%E7%9A%84%E7%9C%8B%E6%B3%95\"><\/span>\u51f1\u56e0\u65af\u7684\u770b\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%87%B1%E5%9B%A0%E6%96%AF%E7%9A%84%E7%99%BC%E8%A8%80\"><\/span>\u51f1\u56e0\u65af\u7684\u767c\u8a00<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6211\u5728\u6211\u7684\u53e6\u4e00\u7bc7\u591a\u5e74\u524d\u7684\u8cbc\u6587\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/01\/%e6%8a%95%e8%b3%87%e5%a4%a7%e5%b8%ab%e5%87%b1%e5%9b%a0%e6%96%af\/\">\u6295\u8cc7\u5927\u5e2b\u7d04\u7ff0\uff0e\u6885\u7d0d\u5fb7\uff0e\u51f1\u56e0\u65af\uff08John Maynard Keynes\uff09<\/a>\u300b\uff0c\u66fe\u5f15\u8ff0\u51f1\u56e0\u65af\u5728\u9019\u65b9\u9762\u7684\u767c\u8a00\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u300c\u6211\u5011\u5c31\u662f\u4e0d\u66c9\u5f97\u672a\u4f86\u7684\u4e8b\u3002\u300d<\/li>\n\n\n\n<li>\u300c\u9577\u671f\u4ee5\u5f8c\uff0c\u6211\u5011\u90fd\u6b7b\u4e86\u3002\u300d<\/li>\n\n\n\n<li>\u5e02\u5834\u4e3b\u8981\u6703\u6709\u5169\u5927\u4e0d\u78ba\u5b9a\u6027\uff1a\u6295\u6a5f\u548c\u4eba\u985e\u672c\u6027\u7684\u52d5\u7269\u672c\u80fd\uff0c\u4e5f\u5c31\u662f\u4f86\u81ea\u4eba\u5011\u300c\u4e0d\u7531\u81ea\u4e3b\u7684\u884c\u70ba\u885d\u52d5\u300d\uff0c\u5b83\u4e26\u4e0d\u662f\u7531\u57fa\u672c\u7406\u6027\u8207\u77e5\u8b58\u800c\u6c7a\u5b9a\uff0c\u4e0d\u80fd\u7528\u6578\u5b78\u516c\u5f0f\u4f86\u8a08\u7b97\u3002<\/li>\n\n\n\n<li>\u300c\u91d1\u878d\u6295\u8cc7\u5982\u540c\u9078\u7f8e\uff0c\u5728\u6709\u773e\u591a\u7f8e\u5973\u53c3\u52a0\u7684\u9078\u7f8e\u6bd4\u8cfd\u4e2d\uff0c\u5982\u679c\u731c\u4e2d\u4e86\u8ab0\u80fd\u5920\u5f97\u51a0\u8ecd\uff0c\u4f60\u5c31\u53ef\u4ee5\u5f97\u5230\u5927\u734e\u3002\u300d<\/li>\n\n\n\n<li>\u300c\u5927\u90e8\u4efd\u6295\u8cc7\u4eba\u7684\u6700\u5927\u7684\u932f\u8aa4\u5c31\u662f\u628a\u4e00\u5207\u90fd\u5bc4\u6258\u5728\u5e0c\u671b\u4e0a\uff0c\u4f46\u662f\u5e0c\u671b\u5c31\u53ea\u662f\u5e0c\u671b\uff0c\u4e0d\u4e00\u5b9a\u6703\u767c\u751f\u3002\u300d<\/li>\n\n\n\n<li>\u300c\u9664\u4e86\u6295\u6a5f\u5e36\u4f86\u7684\u4e0d\u7a69\u5b9a\u6027\uff0c\u9084\u6709\u4eba\u6027\u7684\u4e0d\u7a69\u5b9a\u6027\uff0c\u5373\u6211\u5011\u7684\u5927\u90e8\u5206\u7a4d\u6975\u6d3b\u52d5\u90fd\u4f9d\u8cf4\u65bc\u81ea\u767c\u7684\u6a02\u89c0\u4e3b\u7fa9\uff0c\u800c\u4e0d\u662f\u6578\u5b78\u4e0a\u7684\u671f\u671b\uff0c\u7121\u8ad6\u662f\u9053\u5fb7\u7684\u3001\u4eab\u6a02\u4e3b\u7fa9\u7684\u9084\u662f\u7d93\u6fdf\u7684\u3002\u300d<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E6%A9%9F%E4%B8%8D%E5%8F%AF%E8%83%BD%E8%B3%BA%E5%88%B0%E9%8C%A2\"><\/span>\u6295\u6a5f\u4e0d\u53ef\u80fd\u8cfa\u5230\u9322<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u7d04\u7ff0\u00b7\u6885\u7d0d\u5fb7\u00b7\u51f1\u56e0\u65af\uff08John Maynard Keyne\uff09\u8a8d\u70ba\u6295\u6a5f\u662f\u5371\u96aa\u7684\uff0c\u800c\u4e14\u4e0d\u592a\u53ef\u80fd\u5e36\u4f86\u8ca1\u5bcc\u3002\u4ed6\u4e5f\u8a8d\u70ba\uff0c\u6295\u6a5f\u662f\u300c\u6d41\u52d5\u6027\u300d\u6216\u8f15\u9b06\u8cb7\u8ce3\u8cc7\u7522\u7684\u80fd\u529b\u7684\u7d50\u679c\u3002\u51f1\u56e0\u65af\u8a8d\u70ba\uff0c\u9019\u7a2e\u80fd\u529b\u4f7f\u5f97\u6295\u6a5f\u8b8a\u5f97\u66f4\u52a0\u5bb9\u6613\uff0c\u9032\u800c\u5c0e\u81f4\u50f9\u683c\u8207\u50f9\u503c\u812b\u7bc0\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u662f\u51f1\u56e0\u65af\u95dc\u65bc\u6295\u8cc7\u8207\u6295\u6a5f\u7684\u4e00\u4e9b\u8a55\u8ad6\uff1a<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E6%A9%9F%E6%98%AF%E5%8D%B1%E9%9A%AA%E7%9A%84\"><\/span>\u6295\u6a5f\u662f\u5371\u96aa\u7684<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u51f1\u56e0\u65af\u8a8d\u70ba\uff0c\u6295\u6a5f\u662f\u4e00\u689d\u5371\u96aa\u4e14\u4e0d\u53ef\u80fd\u7684\u81f4\u5bcc\u4e4b\u8def\u3002\u4ed6\u8a8d\u70ba\u6295\u6a5f\u8005\u5fc5\u9808\u9810\u6e2c\u5176\u4ed6\u6295\u6a5f\u8005\u7684\u884c\u70ba\uff0c\u9019\u662f\u5f88\u56f0\u96e3\u7684\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E6%A9%9F%E6%98%AF%E6%B5%81%E5%8B%95%E6%80%A7%E7%9A%84%E7%B5%90%E6%9E%9C\"><\/span>\u6295\u6a5f\u662f\u6d41\u52d5\u6027\u7684\u7d50\u679c<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u51f1\u56e0\u65af\u8a8d\u70ba\uff0c\u6d41\u52d5\u6027\uff0c\u6216\u8f15\u9b06\u8cb7\u8ce3\u8cc7\u7522\u7684\u80fd\u529b\uff0c\u4f7f\u5f97\u6295\u6a5f\u8b8a\u5f97\u66f4\u5bb9\u6613\u3002\u4ed6\u8a8d\u70ba\uff0c\u9019\u53ef\u80fd\u6703\u5c0e\u81f4\u4f01\u696d\u50cf\u7d19\u4e00\u6a23\u88ab\u5c0d\u5f85\uff0c\u800c\u6295\u8cc7\u8005\u53ea\u80fd\u731c\u6e2c\u50f9\u683c\u6703\u5982\u4f55\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%A0%90%E6%9C%9F%E4%BA%A4%E6%98%93%E6%98%AF%E6%9C%89%E5%AE%B3%E7%9A%84\"><\/span>\u9810\u671f\u4ea4\u6613\u662f\u6709\u5bb3\u7684<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u51f1\u56e0\u65af\u8a8d\u70ba\uff0c\u9810\u671f\u4ea4\u6613\uff0c\u4f8b\u5982\u5728\u5e02\u5834\u4e0b\u8dcc\u6642\u8ce3\u51fa\u5e02\u5834\u9818\u5148\u8005\uff0c\u800c\u5728\u5e02\u5834\u4e0a\u6f32\u6642\u8cb7\u5165\u5b83\u5011\uff0c\u662f\u6709\u5bb3\u7684\u3002\u4ed6\u8a8d\u70ba\uff0c\u9019\u53ef\u80fd\u6703\u5c0e\u81f4\u6295\u8cc7\u8005\u82b1\u8cbb\u9ad8\u6602\uff0c\u4e26\u4e14\u5fc3\u614b\u8b8a\u5f97\u4e0d\u7a69\u5b9a\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E8%82%A1%E7%A5%A8%E5%B0%B1%E6%98%AF%E6%8A%95%E8%B3%87%E7%9C%9F%E6%AD%A3%E7%9A%84%E5%83%B9%E5%80%BC\"><\/span>\u6295\u8cc7\u80a1\u7968\u5c31\u662f\u6295\u8cc7\u771f\u6b63\u7684\u50f9\u503c<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u51f1\u56e0\u65af\u8a8d\u70ba\uff0c\u6295\u8cc7\u80a1\u7968\u5c31\u662f\u6295\u8cc7\u5be6\u969b\u50f9\u503c\uff0c\u800c\u4e0d\u662f\u8ca8\u5e63\u50f9\u503c\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%91%9B%E6%8B%89%E6%BC%A2%E7%9A%84%E8%A7%80%E9%BB%9E\"><\/span>\u845b\u62c9\u6f22\u7684\u89c0\u9ede<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%AE%9A%E7%BE%A9\"><\/span>\u5b9a\u7fa9<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u73ed\u5091\u660e\u00b7\u845b\u62c9\u6f22\u5728\u4ed6\u7684\u80a1\u7968\u6295\u8cc7\u5de8\u8457\u300a<a href=\"https:\/\/www.amazon.com\/Intelligent-Investor-Definitive-Investing-Essentials\/dp\/0060555661\" target=\"_blank\" rel=\"noopener\">\u667a\u6167\u578b\u80a1\u7968\u6295\u8cc7\u4eba\uff08The Intelligent Investor\uff09<\/a>\u300b\u7b2c\u4e00\u7ae0\u4e2d\u5beb\u9053\uff1a\u300c\u6295\u8cc7\u64cd\u4f5c\u662f\u7d93\u904e\u5fb9\u5e95\u5206\u6790\u5f8c\u4fdd\u8b49\u672c\u91d1\u5b89\u5168\u548c\u8db3\u5920\u56de\u5831\u7684\u64cd\u4f5c\u3002\u7121\u6cd5\u6eff\u8db3\u9019\u4e9b\u689d\u4ef6\u7684\u64cd\u4f5c\u90fd\u662f\u6295\u6a5f\u6027\u7684\u3002\u300d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E8%80%85%E8%88%87%E6%8A%95%E6%A9%9F%E8%80%85\"><\/span>\u6295\u8cc7\u8005\u8207\u6295\u6a5f\u8005<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u845b\u62c9\u6f22\u8a8d\u70ba\uff0c\u6295\u8cc7\u4eba\u662f\u9577\u671f\u601d\u8003\u8005\uff0c\u4ed6\u5011\u6703\u4ed4\u7d30\u5206\u6790\u6295\u8cc7\u4e26\u5c0b\u6c42\u4ee5\u4f4e\u65bc\u5167\u5728\u50f9\u503c\u7684\u50f9\u683c\u8cfc\u8cb7\u8cc7\u7522\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6295\u6a5f\u8005\u662f\u6d3b\u8e8d\u7684\u4ea4\u6613\u8005\uff0c\u4ed6\u5011\u5c0b\u6c42\u77ed\u671f\u6536\u76ca\u548c\u6700\u5c0f\u640d\u5931\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%A2%A8%E9%9A%AA\"><\/span>\u98a8\u96aa<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u845b\u62c9\u6f22\u8a8d\u70ba\uff0c\u6295\u6a5f\u4f34\u96a8\u8457\u6c38\u4e45\u6027\u8cc7\u672c\u640d\u5931\u7684\u98a8\u96aa\uff0c\u800c\u4e14\u5927\u591a\u6578\u4eba\u90fd\u6703\u5728\u6295\u6a5f\u4e2d\u8667\u640d\u3002\u4ed6\u4e5f\u8b66\u544a\u4f60\uff0c\u7576\u4f60\u8a8d\u70ba\u81ea\u5df1\u5728\u6295\u8cc7\u6642\uff0c\u6216\u7576\u4f60\u7f3a\u4e4f\u9069\u7576\u7684\u77e5\u8b58\u548c\u6280\u80fd\u6642\uff0c\u4e0d\u8981\u6295\u6a5f\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%E7%9A%84%E8%A7%80%E9%BB%9E\"><\/span>\u5df4\u83f2\u7279\u7684\u89c0\u9ede<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5df4\u83f2\u7279\u66fe\u8aaa\uff1a\u300c\u6211\u8a8d\u70ba\uff0c\u731c\u6e2c\u8caa\u5a6a\u548c\u53cd\u590d\u7121\u5e38\u7684\u516c\u773e\u6703\u628a\u6536\u76ca\u4e58\u6578\u63d0\u9ad8\u5230\u591a\u9ad8\uff0c\u9019\u8207\u4fdd\u5b88\u4e00\u9ede\u5152\u4e5f\u4e0d\u76f8\u7a31\u3002\u300d<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u7684\u4e0a\u8ff0\u8a00\u8ad6\uff0c\u6b63\u5982\u7d04\u7ff0\u00b7\u535a\u683c\u6240\u4e3b\u5f35\u7684\uff1a\u300c\u6295\u6a5f\u71b1\u60c5\u662f\u4e0d\u53ef\u6301\u7e8c\u7684\uff0c\u53ea\u6709\u5206\u7d05\u548c\u76c8\u5229\u624d\u53ef\u6301\u7e8c\u3002\u300d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B5%90%E8%AA%9E\"><\/span>\u7d50\u8a9e<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5728\u300a<a href=\"https:\/\/www.amazon.com\/Reminiscences-Stock-Operator-Edwin-Lef%C3%A8vre\/dp\/0471770884\" target=\"_blank\" rel=\"noopener\">\u80a1\u7968\u4f5c\u624b\u56de\u61b6\u9304<\/a>\u300b\u4e2d\uff0c\u5091\u897f\uff0e\u674e\u4f5b\u6469\u5beb\u9053\uff1a\u300c\u83ef\u723e\u8857\u6c92\u6709\u4ec0\u9ebc\u65b0\u9bae\u4e8b\u3002\u4e0d\u53ef\u80fd\uff0c\u56e0\u70ba\u731c\u6e2c\u7531\u4f86\u5df2\u4e45\u3002\u4eca\u5929\u80a1\u5e02\u767c\u751f\u7684\u4e00\u5207\u90fd\u4ee5\u524d\u767c\u751f\u904e\uff0c\u4e26\u4e14\u9084\u5c07\u7e7c\u7e8c\u767c\u751f\u3002 \u6295\u6a5f\u8005\u60f3\u8981\u7684\u662f\u53ef\u80fd\u6027\uff0c\u800c\u6295\u8cc7\u4eba\u60f3\u8981\u7684\u662f\u50f9\u503c\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"151\" height=\"100\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2025\/01\/invest_Speculate-Custom.jpg\" alt=\"\u6295\u8cc7\u548c\u6295\u6a5f\" class=\"wp-image-62425\"\/><figcaption class=\"wp-element-caption\">credit: jeremyrundle.co.za<\/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\/2025\/03\/10\/%e6%8a%95%e8%b3%87%e5%92%8c%e6%8a%95%e6%a9%9f\/\">\u6295\u8cc7\u548c\u6295\u6a5f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<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\/\"><\/a><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/07\/22\/%e5%b8%82%e5%a0%b4%e4%b8%8d%e7%a2%ba%e5%ae%9a%e6%99%82%e6%87%89%e4%bf%9d%e6%8c%81%e8%80%90%e5%bf%83%e4%bb%80%e9%ba%bc%e9%83%bd%e4%b8%8d%e8%a6%81%e5%81%9a\/\">\u5e02\u5834\u4e0d\u78ba\u5b9a\u6642\u61c9\u4fdd\u6301\u8010\u5fc3\uff0c\u4ec0\u9ebc\u90fd\u4e0d\u8981\u505a<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/05\/17\/%E9%A2%A8%E9%9A%AA%E5%92%8C%E4%B8%8D%E7%A2%BA%E5%AE%9A%E6%80%A7\/\">\u98a8\u96aa\u548c\u4e0d\u78ba\u5b9a\u6027<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/10\/02\/%E6%8A%95%E8%B3%87%E8%A3%A1%E7%9A%84%E4%B8%8D%E7%A2%BA%E5%AE%9A%E6%80%A7\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8cc7\u88e1\u7684\u4e0d\u78ba\u5b9a\u6027<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/06\/10\/%E6%8A%95%E8%B3%87%E6%98%AF%E6%A9%9F%E7%8E%87%E9%81%8A%E6%88%B2\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8cc7\u662f\u6a5f\u7387\u7684\u904a\u6232<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/11\/22\/%e6%8a%bc%e6%b3%a8%e4%bd%94%e5%84%aa%e5%8b%a2%e8%80%85%ef%bc%8c%e4%b8%8d%e8%a6%81%e9%a0%90%e6%b8%ac\/\">\u62bc\u6ce8\u4f54\u512a\u52e2\u8005\uff0c\u4e0d\u8981\u9810\u6e2c<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/05\/25\/%e6%8a%95%e8%b3%87%e4%ba%ba%e7%b8%bd%e6%98%af%e5%b8%8c%e6%9c%9b%e4%b8%80%e5%88%87%e5%a6%82%e5%85%b6%e6%89%80%e9%a1%98%e7%9a%84%e7%99%bc%e5%b1%95\/\">\u6295\u8cc7\u4eba\u7e3d\u662f\u5e0c\u671b\u4e00\u5207\u5982\u5176\u6240\u9858\u7684\u767c\u5c55<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/04\/21\/%e6%b0%b8%e4%b9%85%e6%80%a7%e7%9a%84%e8%b3%87%e6%9c%ac%e6%90%8d%e5%a4%b1%e6%89%8d%e6%98%af%e6%8a%95%e8%b3%87%e4%ba%ba%e5%bf%85%e9%9c%80%e6%ad%a3%e8%a6%96%e7%9a%84\/\">\u6c38\u4e45\u6027\u7684\u8cc7\u672c\u640d\u5931\u624d\u662f\u6295\u8cc7\u4eba\u5fc5\u9700\u6b63\u8996\u7684\u6700\u5927\u98a8\u96aa<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/03\/16\/%e8%82%a1%e5%b8%82%e6%8a%95%e8%b3%87%e4%ba%ba%e6%89%80%e6%87%89%e6%ad%a3%e8%a6%96%e7%9a%84%e9%a2%a8%e9%9a%aa%e6%9c%89%e9%82%a3%e4%ba%9b\/\">\u80a1\u5e02\u6295\u8cc7\u4eba\u6240\u61c9\u6b63\u8996\u7684\u98a8\u96aa\u6709\u90a3\u4e9b\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/02\/28\/%E9%81%8B%E6%B0%A3%E5%9C%A8%E6%8A%95%E8%B3%87%E6%88%90%E5%8A%9F%E6%89%80%E6%89%AE%E6%BC%94%E7%9A%84%E6%88%90%E4%BB%BD%E7%A9%B6%E7%AB%9F%E6%9C%89%E5%A4%9A%E5%A4%A7%EF%BC%9F\/#google_vignette\">\u904b\u6c23\u5728\u6295\u8cc7\u6210\u529f\u6240\u626e\u6f14\u7684\u6210\u4efd\u7a76\u7adf\u6709\u591a\u5927\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/06\/%e6%8a%95%e8%b3%87%e6%88%90%e5%8a%9f%e5%8f%96%e6%b1%ba%e6%96%bc%e8%bc%83%e5%b0%91%e7%9a%84%e7%8a%af%e9%8c%af%e6%a9%9f%e7%8e%87\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8cc7\u6210\u529f\u53d6\u6c7a\u65bc\u8f03\u5c11\u7684\u72af\u932f\u6a5f\u7387<\/a>\u300b<\/li>\n\n\n\n<li>\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\/\">\u5be7\u9858\u6a21\u7cca\u5730\u6b63\u78ba\u4e5f\u4e0d\u8981\u7cbe\u78ba\u5730\u932f\u8aa4<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/09\/20\/%e9%82%a3%e4%ba%9b%e9%87%8d%e8%a6%81%e9%a2%a8%e9%9a%aasec%e8%a6%8f%e5%ae%9a%e5%bf%85%e9%9c%80%e5%9c%a8%e8%b2%a1%e5%a0%b1%e4%b8%ad%e6%8f%ad%e9%9c%b2\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u90a3\u4e9b\u91cd\u8981\u98a8\u96aaSEC\u898f\u5b9a\u5fc5\u9700\u5728\u8ca1\u5831\u4e2d\u63ed\u9732<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/11\/27\/%e6%8a%95%e8%b3%87%e7%be%8e%e8%82%a1%e9%9c%80%e8%a6%81%e6%b3%a8%e6%84%8f%e5%8c%af%e7%8e%87%e9%a2%a8%e9%9a%aa%e5%97%8e%ef%bc%9f\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8cc7\u7f8e\u80a1\u9700\u8981\u6ce8\u610f\u532f\u7387\u98a8\u96aa\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>\u5091\u897f\uff0e\u674e\u4f5b\u6469\u5c0d\u6295\u8cc7\u548c\u6295\u6a5f\u7684\u5340\u5225\uff0c\u771f\u662f\u4e00\u8a9e\u4e2d\u7684\uff1a\u6295\u6a5f\u8005\u60f3\u8981\u7684\u662f\u53ef\u80fd\u6027\uff0c\u800c\u6295\u8cc7\u4eba\u60f3\u8981\u7684\u662f\u50f9\u503c\u3002<\/p>\n","protected":false},"author":1,"featured_media":62425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[158,492,112,98,210],"tags":[],"class_list":["post-62396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-concept","category-jesse-livermore","category-keynes","category-buffett","category-graham"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/62396","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=62396"}],"version-history":[{"count":7,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/62396\/revisions"}],"predecessor-version":[{"id":81533,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/62396\/revisions\/81533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/62425"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=62396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=62396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=62396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}