{"id":77022,"date":"2026-08-15T23:56:00","date_gmt":"2026-08-15T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=77022"},"modified":"2026-08-14T11:26:36","modified_gmt":"2026-08-14T03:26:36","slug":"%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/","title":{"rendered":"\u300a\u7cbe\u6e96\u9078\u80a1 (Nothing but net)\u300b"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 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\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E4%BD%9C%E8%80%85%E7%B0%A1%E4%BB%8B\" >\u4f5c\u8005\u7c21\u4ecb<\/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\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E6%8E%A8%E8%96%A6%E6%9C%AC%E6%9B%B8%E7%9A%84%E5%8E%9F%E5%9B%A0\" >\u63a8\u85a6\u672c\u66f8\u7684\u539f\u56e0<\/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\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E9%87%8D%E8%A6%81%E5%85%A7%E5%AE%B9\" >\u91cd\u8981\u5167\u5bb9<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E6%8A%95%E8%B3%87%E4%BA%BA%E4%B9%9F%E5%BF%85%E9%9C%80%E6%98%AF%E5%BF%83%E7%90%86%E5%AD%B8%E5%AE%B6\" >\u6295\u8cc7\u4eba\u4e5f\u5fc5\u9700\u662f\u5fc3\u7406\u5b78\u5bb6<\/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\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E8%82%A1%E5%83%B9%E6%9C%89%E6%99%82%E6%9C%83%E5%92%8C%E5%9F%BA%E6%9C%AC%E9%9D%A2%E8%84%AB%E9%89%A4%E8%A2%AB%E5%B8%82%E5%A0%B4%E9%8C%AF%E6%AE%BA\" >\u80a1\u50f9\u6709\u6642\u6703\u548c\u57fa\u672c\u9762\u812b\u9264\u88ab\u5e02\u5834\u932f\u6bba<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E4%B8%8D%E8%A6%81%E5%9C%A8%E8%B2%A1%E5%A0%B1%E5%89%8D%E8%B2%B7%E9%80%B2%E6%8A%BC%E6%B3%A8\" >\u4e0d\u8981\u5728\u8ca1\u5831\u524d\u8cb7\u9032\u62bc\u6ce8<\/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\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E7%87%9F%E6%94%B6%E3%80%81%E7%87%9F%E6%94%B6%EF%BC%8C%E9%82%84%E6%98%AF%E7%87%9F%E6%94%B6\" >\u71df\u6536\u3001\u71df\u6536\uff0c\u9084\u662f\u71df\u6536<\/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\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E7%87%9F%E6%94%B6%E5%92%8C%E9%A1%A7%E5%AE%A2%E6%88%90%E9%95%B7%E7%9A%84%E5%85%AC%E5%8F%B8\" >\u71df\u6536\u548c\u9867\u5ba2\u6210\u9577\u7684\u516c\u53f8<\/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\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E8%B0%B7%E6%AD%8C%E7%82%BA%E4%BD%95%E6%88%90%E5%8A%9F%EF%BC%9F\" >\u8c37\u6b4c\u70ba\u4f55\u6210\u529f\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E9%87%8D%E8%A6%96%E9%A1%A7%E5%AE%A2%E5%83%B9%E5%80%A4%E7%9A%84%E4%BC%81%E6%A5%AD%E4%B8%80%E5%AE%9A%E6%9C%83%E6%88%90%E5%8A%9F\" >\u91cd\u8996\u9867\u5ba2\u50f9\u5024\u7684\u4f01\u696d\u4e00\u5b9a\u6703\u6210\u529f<\/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\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%E6%89%BE%E5%87%BA%E6%93%81%E6%9C%89%E8%89%AF%E5%A5%BD%E7%B6%93%E7%87%9F%E5%9C%98%E9%9A%8A%E7%9A%84%E5%85%AC%E5%8F%B8\" >\u627e\u51fa\u64c1\u6709\u826f\u597d\u7d93\u71df\u5718\u968a\u7684\u516c\u53f8<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/08\/15\/%e3%80%8a%e7%b2%be%e6%ba%96%e9%81%b8%e8%82%a1-nothing-but-net%e3%80%8b\/#%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%BD%9C%E8%80%85%E7%B0%A1%E4%BB%8B\"><\/span>\u4f5c\u8005\u7c21\u4ecb<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u99ac\u514b\u2027\u99ac\u54c8\u5c3c(Mark Mahaney)\u662f\u83ef\u723e\u8857 Evercore ISI \u7684\u8cc7\u6df1\u5206\u6790\u5e2b\uff0c\u66fe\u4efb\u8077\u65bc\u6469\u6839\u58eb\u4e39\u5229\u548c\u82b1\u65d7\u96c6\u5718\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8E%A8%E8%96%A6%E6%9C%AC%E6%9B%B8%E7%9A%84%E5%8E%9F%E5%9B%A0\"><\/span>\u63a8\u85a6\u672c\u66f8\u7684\u539f\u56e0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5728<a href=\"https:\/\/www.amazon.com\/Nothing-But-Net-Timeless-Stock-Picking\/dp\/1264274963\" target=\"_blank\" rel=\"noopener\">\u300a\u7cbe\u6e96\u9078\u80a1 (Nothing but net)\u300b<\/a>\u4e00\u66f8\u4e2d\uff0c\u99ac\u54c8\u5c3c\u5206\u4eab\u4ed625\u5e74\u7684\u80a1\u7968\u5206\u6790\u4e2d\u6240\u5b78\u5230\u7684\u6559\u8a13\uff1a\u54ea\u4e9b\u516c\u53f8\u6210\u529f\uff1f\u90a3\u4e9b\u5931\u6557\uff1f\u9ede\u51fa\u6b78\u7d0d\u54ea\u4e9b\u56e0\u7d20\u624d\u662f\u9ad8\u6210\u9577\u79d1\u6280\u80a1\u6210\u529f\u7684\u56e0\u7d20\u3002<\/p>\n\n\n\n<p>\u4f5c\u8005\u66f8\u4e2d\u6240\u63d0\u7684\u9ad8\u6210\u9577\u79d1\u6280\u80a1\u6210\u529f\u7684\u56e0\u7d20\uff0c\u5f88\u503c\u5f97\u6295\u8cc7\u4eba\u4e00\u8b80\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%87%8D%E8%A6%81%E5%85%A7%E5%AE%B9\"><\/span>\u91cd\u8981\u5167\u5bb9<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E4%BA%BA%E4%B9%9F%E5%BF%85%E9%9C%80%E6%98%AF%E5%BF%83%E7%90%86%E5%AD%B8%E5%AE%B6\"><\/span>\u6295\u8cc7\u4eba\u4e5f\u5fc5\u9700\u662f\u5fc3\u7406\u5b78\u5bb6<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9078\u80a1\u7684\u56f0\u96e3\u4e4b\u8655\u5728\u65bc\uff0c\u4f60\u53ef\u80fd\u662f\u53b2\u5bb3\u7684\u57fa\u672c\u9762\u6295\u8cc7\u4eba\uff0c\u4f46\u537b\u5f88\u4e0d\u6703\u9078\u80a1\u3002\u56e0\u7232\u6295\u8cc7\u8981\u6210\u529f\uff0c\u4f60\u4e5f\u5fc5\u9808\u662f\u500b\u53b2\u5bb3\u7684\u5fc3\u7406\u5b78\u5bb6\u3002\u4f60\u5fc5\u9808\u9810\u6e2c\u5e02\u5834\u4e5f\u6703\u91cd\u8996\u4f60\u6240\u9810\u6e2c\u7684\u57fa\u672c\u9762\u8868\u73fe\u3002\u5e02\u5834\u6703\u9810\u6e2c\u57fa\u672c\u9762\u7684\u8a55\u50f9\u500d\u6578\u662f\u9ad8\u9084\u662f\u4f4e\uff0c\u662f\u9ad8\u65bc\u6216\u4f4e\u65bc\u76ee\u524d\u80a1\u7968\u7684\u8a55\u50f9\uff0c\u800c\u4e14\u9019\u88e1\u6709\u5f88\u591a\u4e8b\u60c5\u53ef\u80fd\u6703\u51fa\u932f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%82%A1%E5%83%B9%E6%9C%89%E6%99%82%E6%9C%83%E5%92%8C%E5%9F%BA%E6%9C%AC%E9%9D%A2%E8%84%AB%E9%89%A4%E8%A2%AB%E5%B8%82%E5%A0%B4%E9%8C%AF%E6%AE%BA\"><\/span>\u80a1\u50f9\u6709\u6642\u6703\u548c\u57fa\u672c\u9762\u812b\u9264\u88ab\u5e02\u5834\u932f\u6bba<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u4f01\u696d\u6642\u5e38\u6703\u78b0\u5230\u8ca1\u5831\u7d50\u679c\u90fd\u8207\u83ef\u723e\u8857\u7684\u9810\u671f\u4e00\u81f4\uff0c\u751a\u81f3\u4ea4\u51fa\u66f4\u597d\u7684\u8ca1\u5831\uff0c\u6216\u662f\u8ca1\u6e2c\u8d85\u8d8a\u9810\u671f\u3002\u57fa\u672c\u4e0a\u4f86\u8aaa\uff0c\u6210\u9577\u5c55\u671b\u57fa\u672c\u9762\u90fd\u6c92\u6709\u6539\u8b8a\uff0c\u4f46\u80a1\u7968\u9084\u662f\u5927\u5e45\u4e0b\u8dcc\u7684\u60c5\u6cc1\uff0c\u9019\u7a2e\u4f8b\u5b50\u4e0d\u52dd\u679a\u8209\u3002\u6709\u6642\u5019\u80a1\u50f9\u7684\u6ce2\u52d5\u6703\u548c\u516c\u53f8\u7684\u57fa\u672c\u9762\u812b\u9264\uff0c\u4e5f\u5c31\u662f\u88ab\u5e02\u5834\u932f\u6bba\uff0c\u5373\u4f7f\u662f\u9ad4\u8cea\u6700\u597d\u7684\u516c\u53f8\u4e5f\u6703\u767c\u751f\u9019\u7a2e\u4e8b\u3002\u9019\u4e5f\u662f\u7232\u4ec0\u9ebc\u6295\u8cc7\u80a1\u7968\u6700\u597d\u5ffd\u7565\u77ed\u671f\u7684\u80a1\u50f9\u6ce2\u52d5\uff0c\u77ed\u671f\u7684\u6ce2\u52d5\u6709\u6642\u5019\u771e\u7684\u6c92\u6709\u610f\u7fa9\uff0c\u773c\u5149\u5fc5\u9700\u653e\u9577\u9060\uff0c\u653e\u9577\u7dda\u624d\u80fd\u91e3\u5927\u9b5a\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%8D%E8%A6%81%E5%9C%A8%E8%B2%A1%E5%A0%B1%E5%89%8D%E8%B2%B7%E9%80%B2%E6%8A%BC%E6%B3%A8\"><\/span>\u4e0d\u8981\u5728\u8ca1\u5831\u524d\u8cb7\u9032\u62bc\u6ce8<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u4e0d\u8981\u5728\u8ca1\u5831\u524d\u8cb7\u9032\u62bc\u6ce8\uff0c\u56e0\u70ba(1).\u9019\u662f\u6839\u64da\u9810\u6e2c\u800c\u975e\u57fa\u672c\u9762\u3002(2).\u80a1\u50f9\u77ed\u671f\u7684\u6ce2\u52d5\u5f88\u5c11\u548c\u516c\u53f8\u7684\u57fa\u672c\u9762\u6709\u95dc\u3002(3).\u8ced\u55ae\u4e00\u516c\u53f8\u7684\u67d0\u5b63\u8ca1\u5831\u7d50\u679c\u7b49\u65bc\u628a\u81ea\u5df1\u7684\u8cc7\u91d1\u62bc\u6ce8\u5728\u5c11\u6578\u4e00\u5169\u5bb6\u516c\u53f8\u7684\u6578\u64da\u4e0a\uff0c\u800c\u83ef\u723e\u8857\u6709\u9f90\u5927\u7684\u8cc7\u6e90\u82b1\u9322\u9032\u884c\u8abf\u67e5\uff0c\u6bd4\u4f60\u6709\u592a\u591a\u7684\u512a\u52e2\u3002(4).\u9810\u6e2c\u8ca1\u5831\u516c\u4f48\u5f8c\u7684\u7d50\u679c\u672c\u4f86\u5c31\u5f88\u56f0\u96e3\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%87%9F%E6%94%B6%E3%80%81%E7%87%9F%E6%94%B6%EF%BC%8C%E9%82%84%E6%98%AF%E7%87%9F%E6%94%B6\"><\/span>\u71df\u6536\u3001\u71df\u6536\uff0c\u9084\u662f\u71df\u6536<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u71df\u6536\u6bd4\u7372\u5229\u66f4\u91cd\u8981\uff1a\u9577\u671f\u4e0b\u4f86\uff0c\u57fa\u672c\u9762\u6703\u5e36\u52d5\u80a1\u50f9\uff0c\u800c\u5c0d\u9ad8\u6210\u9577\u79d1\u6280\u80a1\u800c\u8a00\uff0c\u6700\u91cd\u8981\u7684\u57fa\u672c\u9762\u5c31\u662f\u71df\u6536\u3001\u71df\u6536\uff0c\u9084\u662f\u71df\u6536\u3002\u71df\u6536\u80fd\u6301\u7e8c\u4ee5\u8d85\u904e20%\u901f\u5ea6\u6210\u9577\u7684\u516c\u53f8\uff0c\u5c31\u6709\u53ef\u80fd\u63d0\u4f9b\u5f88\u597d\u7684\u6295\u8cc7\u5831\u916c\u7387\uff0c\u5e7e\u4e4e\u4e0d\u6703\u53d7\u5230\u77ed\u671f\u7684\u7372\u5229\u80fd\u529b\u5f71\u97ff\u3002\u5728\u6a19\u666e500\u6307\u6578\u4e2d\uff0c\u53ea\u6709\u5927\u7d042%\u7684\u516c\u53f8\u80fd\u9023\u7e8c5\u5e74\u71df\u6536\u6210\u9577\u8d85\u904e20%\uff0c\u9019\u4e9b\u80a1\u7968\u7684\u8868\u73fe\u901a\u5e38\u9019\u6a23\u90fd\u6703\u512a\u65bc\u5927\u76e4\u3002\u9019\u662f\u627e\u512a\u8cea\u3001\u9ad8\u6210\u9577\u79d1\u6280\u80a1\u7684\u57fa\u672c\u9762\u7dda\u7d22\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%87%9F%E6%94%B6%E5%92%8C%E9%A1%A7%E5%AE%A2%E6%88%90%E9%95%B7%E7%9A%84%E5%85%AC%E5%8F%B8\"><\/span>\u71df\u6536\u548c\u9867\u5ba2\u6210\u9577\u7684\u516c\u53f8<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u71df\u6536\u548c\u9867\u5ba2\u6210\u9577\u7684\u516c\u53f8\uff1a(1).\u4f5c\u8005\u8a8d\u70ba\u71df\u6536\u4ee5\u8d85\u904e20%\u901f\u5ea6\u6210\u9577\uff0c\u81f3\u5c11\u8981\u6301\u7e8c5\u81f36\u5b63\u624d\u5920\u3002(2).\u8a02\u95b1\u5236\u9019\u7a2e\u5546\u696d\u6a21\u5f0f\u5728\u71df\u6536\u6210\u9577\u986f\u8457\u6e1b\u7de9\u6642\uff0c\u9867\u5ba2\u9ecf\u8457\u5ea6\u80fd\u767c\u63ee\u7de9\u885d\u4f5c\u7528\u3002(3).\u8a02\u95b1\u5236\u8b93\u884c\u92b7\u7684\u8cbb\u7528\u5360\u7e3d\u8a02\u6236\u6578\u7684\u6bd4\u4f8b\u8b8a\u5c0f\u3002Pandora\u8d70\u5167\u5d4c\u5ee3\u544a\uff0cSpotify\u8d70\u8a02\u95b1\u5236\u2014\u2014\u6700\u5f8c\u6210\u529f\u7684\u662fSpotify\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B0%B7%E6%AD%8C%E7%82%BA%E4%BD%95%E6%88%90%E5%8A%9F%EF%BC%9F\"><\/span>\u8c37\u6b4c\u70ba\u4f55\u6210\u529f\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u8c37\u6b4c\u6210\u529f\u7684\u56e0\u7d20\uff1a\u7b2c\u4e00\uff0c\u8c37\u6b4c\u5927\u5e45\u63d0\u5347\u53d6\u5f97\u8cc7\u8a0a\u7684\u4fbf\u5229\u6027\uff0c\u8c37\u6b4c\u4f7f\u5f97\u5c0b\u627e\u5168\u4e16\u754c\u7684\u4efb\u4f55\u6771\u897f\u90fd\u8b8a\u5f97\u76f8\u5c0d\u5bb9\u6613\uff0c\u800c\u4e14\u53c8\u5feb\u53c8\u514d\u8cbb\u3002\u7b2c\u4e8c\uff0c\u8c37\u6b4c\u4e5f\u5275\u9020\u51fa\u6709\u53f2\u4ee5\u4f86\u6700\u597d\u7684\u5ee3\u544a\u548c\u884c\u92b7\u65b9\u5f0f\uff1b\u5ee3\u544a\u4e26\u9032\u5165\u4f60\u7684\u7db2\u7ad9\u6642\u624d\u9700\u8981\u4ed8\u8cbb\u3002\u4f60\u53ef\u4ee5\u8a08\u7b97\u5728\u8c37\u6b4c\u641c\u5c0b\u5ee3\u544a\u7684\u6295\u8cc7\u5831\u916c\u7387\u3002\u800c\u4e14\u8c37\u6b4c\u7684\u6f5b\u5728\u5e02\u5834\u9060\u5927\u65bc\u7e7d\u5ba2\uff0c\u9019\u4e5f\u662f\u70ba\u4f55\u8c37\u6b4c\u80a1\u50f9\u5f8c\u4f86\u8868\u73fe\u6703\u512a\u65bc\u7e7d\u5ba2\u7684\u4e3b\u8981\u539f\u56e0\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%87%8D%E8%A6%96%E9%A1%A7%E5%AE%A2%E5%83%B9%E5%80%A4%E7%9A%84%E4%BC%81%E6%A5%AD%E4%B8%80%E5%AE%9A%E6%9C%83%E6%88%90%E5%8A%9F\"><\/span>\u91cd\u8996\u9867\u5ba2\u50f9\u5024\u7684\u4f01\u696d\u4e00\u5b9a\u6703\u6210\u529f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9867\u5ba2\u50f9\u5024\u4e3b\u5f35\u6709\u5438\u5f15\u529b\u7684\u516c\u53f8\uff0c\u4e0d\u8ad6\u662f\u5e02\u5360\u7387\u6216\u5e02\u503c\u6a5f\u6703\uff0c\u90fd\u6703\u6bd4\u64c1\u6709\u826f\u597d\u5546\u696d\u6a21\u5f0f\u7684\u516c\u53f8\u66f4\u597d\u3002\u6216\u662f\u8aac\uff0c\u4ee5\u9867\u5ba2\u7232\u4e2d\u5fc3\u7684\u516c\u53f8\uff0c\u6703\u6bd4\u4ee5\u6295\u8cc7\u4eba\u7232\u4e2d\u5fc3\u7684\u4e26\u7522\u751f\u898f\u6a21\u516c\u53f8\u597d&#8211;\u9019\u662f\u5f8c\u4f86\u4e9e\u99ac\u905c\u52dd\u51fa\u7684\u4e3b\u8981\u56e0\u7d20\u3002\u4e9e\u99ac\u905c\u7684Amazon Prime\u5c31\u662f\u5546\u696d\u754c\u6700\u597d\u7684\u6848\u4f8b\uff0c\u4e5f\u662f\u9020\u6210\u4e9e\u99ac\u905c\u6210\u529f\u7684\u4e3b\u8981\u63a8\u52d5\u56e0\u7d20\u3002\u53e6\u4e00\u500b\u6848\u4f8b\u662f\uff1aGrubhub\u53ea\u5141\u8a31\u81ea\u5df1\u80fd\u5916\u9001\u7684\u9910\u5ef3\u52a0\u5165\uff0cDoorDash\u5247\u662f\u6240\u6709\u7684\u9910\u5ef3\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%89%BE%E5%87%BA%E6%93%81%E6%9C%89%E8%89%AF%E5%A5%BD%E7%B6%93%E7%87%9F%E5%9C%98%E9%9A%8A%E7%9A%84%E5%85%AC%E5%8F%B8\"><\/span>\u627e\u51fa\u64c1\u6709\u826f\u597d\u7d93\u71df\u5718\u968a\u7684\u516c\u53f8<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u826f\u597d\u7684\u7d93\u71df\u5718\u968a\u9700\u8981\u7684\u7279\u8cea\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7531\u5275\u8fa6\u4eba\u6240\u5e36\u9818\u7684\u4f01\u696d<\/li>\n\n\n\n<li>\u9577\u671f\u5c0e\u5411<\/li>\n\n\n\n<li>\u6709\u5f88\u597d\u7684\u7522\u696d\u9858\u666f<\/li>\n\n\n\n<li>\u760b\u72c2\u5c08\u6ce8\u65bc\u9867\u5ba2\u6eff\u610f\u5ea6<\/li>\n\n\n\n<li>\u6df1\u5165\u7684\u79d1\u6280\u80cc\u666f\u8207\u5718\u54e1<\/li>\n\n\n\n<li>\u6df1\u5ea6\u805a\u7126\u65bc\u7522\u54c1\u5275\u65b0<\/li>\n\n\n\n<li>\u62db\u52df\u9802\u5c16\u4eba\u624d\u7684\u80fd\u529b<\/li>\n\n\n\n<li>\u5145\u6eff\u4fe1\u5fc3\u7684\u5c0d\u54e1\u5de5\u548c\u6295\u8cc7\u4eba\u8aaa\u660e\u932f\u8aa4\u8207\u6311\u6230<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"90\" height=\"135\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2026\/08\/Nothing-but-net-Custom.jpg\" alt=\"\u7cbe\u6e96\u9078\u80a1\" class=\"wp-image-77025\"\/><\/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\/02\/24\/%e6%9e%97%e5%ad%90%e6%8f%9a%e7%9a%84%e6%8a%95%e8%b3%87%e9%a2%a8%e6%a0%bc%e7%9a%84%e9%87%8d%e9%bb%9e\/\">\u6797\u5b50\u63da\u7684\u6295\u8cc7\u98a8\u683c\u7684\u91cd\u9ede<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/09\/26\/%e6%88%91%e7%9a%84%e9%95%b7%e6%9c%9f%e6%8a%95%e8%b3%87%e5%bf%83%e5%be%97%e5%88%86%e4%ba%ab\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6797\u5b50\u63da\u7684\u9577\u671f\u6295\u8cc7\u7684\u5fc3\u5f97\u5206\u4eab<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2024\/06\/30\/%E7%BE%8E%E8%82%A1%E6%8A%95%E8%B3%87%E4%BA%BA%E5%BF%85%E8%AE%80%E7%9A%84%E6%BC%AB%E6%AD%A5%E8%8F%AF%E7%88%BE%E8%A1%97\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u7f8e\u80a1\u6295\u8cc7\u4eba\u5fc5\u8b80\u7684\u300a\u6f2b\u6b65\u83ef\u723e\u8857\uff08A Random Walk Down Wall Street\uff09<\/a>\u300b\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/07\/26\/%E3%80%8A%E5%A6%82%E4%BD%95%E6%8A%95%E8%B3%87%EF%BC%88how-to-invest%EF%BC%89%E3%80%8B\/\">\u300a\u5982\u4f55\u6295\u8cc7\uff08How to Invest\uff09\u300b <\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/08\/08\/%e6%8a%95%e6%a9%9f%e8%88%87%e6%8a%95%e8%b3%87%e7%9a%84%e8%97%9d%e8%a1%93\/\">\u300a\u6295\u6a5f\u8207\u6295\u8cc7\u7684\u85dd\u8853\uff08The Art of Speculation\uff09\u300b<\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/07\/28\/%e8%89%be%e5%88%a9%e6%96%af%e7%b0%a1%e4%bb%8b%e5%92%8c%e5%ae%83%e7%9a%84%e6%8a%95%e8%b3%87%e7%b5%82%e6%a5%b5%e6%88%b0\/\">\u67e5\u723e\u65af\uff0e\u827e\u5229\u65af\uff08Charles Ellis\uff09\u7c21\u4ecb\u548c\u4ed6\u5beb\u7684\u300a\u6295\u8cc7\u7d42\u6975\u6230\uff08Winning the Loser\u2019s Game\uff09\u300b<\/a>\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/01\/19\/%e3%80%8a%e6%93%8d%e7%9b%a4%e6%89%8b%e7%9a%84%e7%a5%95%e8%a8%a3%ef%bc%88best-loser-wins%ef%bc%89%e3%80%8b\/\">\u300a\u64cd\u76e4\u624b\u7684\u7955\u8a23\uff08Best Loser Wins\uff09\u300b<\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/10\/%E7%B5%A6%E6%8A%95%E8%B3%87%E5%B0%8F%E7%99%BD%E7%9A%84%E5%85%A5%E9%96%80%E6%9B%B8\/\">\u7d66\u6295\u8cc7\u5c0f\u767d\u7684\u6295\u8cc7\u5165\u9580\u66f8<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/11\/18\/%e5%a6%82%e6%9e%9c%e4%b8%8d%e9%81%a9%e5%90%88%e8%82%a1%e5%b8%82%e6%8a%95%e8%b3%87%e5%8a%aa%e5%8a%9b%e4%b9%9f%e4%b8%8d%e6%9c%83%e6%88%90%e5%8a%9f\/\">\u5982\u679c\u4e0d\u9069\u5408\u80a1\u5e02\u6295\u8cc7\uff0c\u52aa\u529b\u4e5f\u4e0d\u6703\u6210\u529f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/05\/27\/%E7%95%B0%E9%A1%9Eoutliers10000%E5%80%8B%E5%B0%8F%E6%99%82%E7%B5%B1%E8%A8%88%E6%9C%83%E9%A8%99%E4%BA%BA\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u7570\u6578\uff08Outliers\uff09\u201410000\u500b\u5c0f\u6642\uff0c\u7d71\u8a08\u6703\u9a19\u4eba<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/02\/20\/%e7%b5%b1%e8%a8%88%e7%b5%90%e6%9e%9c%e6%9c%83%e9%a8%99%e4%ba%ba\/\">\u7d71\u8a08\u7d50\u679c\u6703\u9a19\u4eba<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/08\/31\/%E8%83%BD%E5%8A%9B%E5%9C%88\/\">\u6295\u8cc7\u80fd\u529b\u5708\u7684\u91cd\u8981\u6027<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/07\/18\/%e5%ad%b8%e7%bf%92%e8%bf%b4%e9%81%bf%e8%87%b3%e5%b0%91%e8%83%bd%e9%81%bf%e5%85%8d%e5%a4%b1%e6%95%97\/\">\u5b78\u7fd2\u8ff4\u907f\u81f3\u5c11\u80fd\u907f\u514d\u5931\u6557<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/05\/11\/%e8%a8%98%e6%86%b6%e5%8a%9b%e5%b0%8d%e6%8a%95%e8%b3%87%e6%88%90%e5%8a%9f%e6%98%af%e4%b8%80%e5%a4%a7%e5%8a%a9%e5%8a%9b\/\">\u8a18\u61b6\u529b\u5c0d\u6295\u8cc7\u6210\u529f\u662f\u4e00\u5927\u52a9\u529b<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/05\/%e5%bd%bc%e5%be%97%e6%9e%97%e5%8d%80%e9%81%b8%e8%82%a1%e6%88%b0%e7%95%a5\/\">\u9069\u5408\u5165\u9580\u6295\u8cc7\u4eba\u7684\u300a\u5f7c\u5f97\u6797\u5340\u9078\u80a1\u6230\u7565\uff08One Up On Wall Street\uff09<\/a>\u300b\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 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