{"id":81,"date":"2021-05-06T11:56:00","date_gmt":"2021-05-06T03:56:00","guid":{"rendered":"http:\/\/www.granitefirm.com\/blog\/?p=81"},"modified":"2025-07-05T11:22:46","modified_gmt":"2025-07-05T03:22:46","slug":"seeking-alpha","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/06\/seeking-alpha\/","title":{"rendered":"\u80fd\u4f7f\u7f8e\u80a1\u6295\u8cc7\u80fd\u529b\u5927\u5e45\u63d0\u6607\u7684Seeking Alpha\uff0c4\u5927\u512a\u9ede"},"content":{"rendered":"\n<p>\u4e00\u53e5\u8a71\u8aaa\u660e\uff0c\u300c<em><strong><a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u975e\u5e38\u975e\u5e38\u5730\u91cd\u8981\uff01<\/strong><\/em>\u300d\u81f3\u5c11\u5c0d\u6211\u9019\u7a2e\u53ea\u6295\u8cc7\u7f8e\u80a1\u7684\u4eba\u800c\u8a00\u662f\u5982\u6b64\u3002\u800c\u4e14\u5341\u591a\u5e74\u4f86\u6211\u66fe\u82b1\u9322\u8a02\u904e\u4e00\u5806\u6709\u7684\u6c92\u6709\uff0c\u4e82\u4e03\u516b\u7cdf\u7684\u670d\u52d9\uff1b\u6211\u500b\u4eba\u9084\u662f\u8a8d\u70ba\u5b83\u6bd4\u8f03\u597d\u3002<\/p>\n\n\n\n<p><em><strong>\u8072\u660e<\/strong>\uff1a\u672c\u4eba\u548cSeeking Alpha\u6c92\u6709\u4efb\u4f55\u5229\u76ca\u95dc\u9023\uff0c\u672c\u6587\u7d14\u70ba\u672c\u4eba\u500b\u4eba\u4f7f\u7528\u5fc3\u5f97\u548c\u89c0\u9ede\uff0c\u50c5\u4f9b\u53c3\u8003\u3002<\/em><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 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\/05\/06\/seeking-alpha\/#%E5%92%8C%E8%8F%AF%E7%88%BE%E8%A1%97%E6%97%A5%E5%A0%B1%E5%90%8C%E4%B8%80%E9%9B%86%E5%9C%98\" >\u548c\u83ef\u723e\u8857\u65e5\u5831\u540c\u4e00\u96c6\u5718<\/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\/2021\/05\/06\/seeking-alpha\/#%E5%BF%85%E9%A0%88%E4%BB%98%E8%B2%BB\" >\u5fc5\u9808\u4ed8\u8cbb<\/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\/2021\/05\/06\/seeking-alpha\/#%E6%9C%89%E9%82%A3%E4%BA%9B%E4%B8%BB%E8%A6%81%E5%85%A7%E5%AE%B9%EF%BC%9F\" >\u6709\u90a3\u4e9b\u4e3b\u8981\u5167\u5bb9\uff1f<\/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\/2021\/05\/06\/seeking-alpha\/#%E7%B5%A6%E5%88%9D%E5%A7%8B%E8%AE%80%E8%80%85%E7%9A%84%E5%BB%BA%E8%AD%B0\" >\u7d66\u521d\u59cb\u8b80\u8005\u7684\u5efa\u8b70<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/06\/seeking-alpha\/#%E7%82%BA%E4%BB%80%E9%BA%BC%E5%80%BC%E5%BE%97%E4%BB%98%E9%8C%A2%E8%A8%82%E9%96%B1%EF%BC%9F\" >\u70ba\u4ec0\u9ebc\u503c\u5f97\u4ed8\u9322\u8a02\u95b1\uff1f<\/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\/05\/06\/seeking-alpha\/#%E8%B3%87%E8%A8%8A%E5%8D%B3%E6%99%82%E4%B8%94%E8%B6%85%E8%BC%89\" >\u8cc7\u8a0a\u5373\u6642\u4e14\u8d85\u8f09<\/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\/05\/06\/seeking-alpha\/#%E6%8A%8A%E7%BE%8E%E8%82%A1%E6%8A%95%E8%B3%87%E7%95%B6%E5%9B%9E%E4%BA%8B%E7%9A%84%E4%BA%BA%E6%87%89%E9%96%B1%E8%AE%80\" >\u628a\u7f8e\u80a1\u6295\u8cc7\u7576\u56de\u4e8b\u7684\u4eba\u61c9\u95b1\u8b80<\/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\/05\/06\/seeking-alpha\/#%E4%BD%BF%E8%82%A1%E5%B8%82%E8%B3%87%E8%A8%8A%E5%B9%B3%E6%B0%91%E5%8C%96\" >\u4f7f\u80a1\u5e02\u8cc7\u8a0a\u5e73\u6c11\u5316<\/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\/05\/06\/seeking-alpha\/#%E8%B3%87%E8%A8%8A%E5%AE%8C%E6%95%B4\" >\u8cc7\u8a0a\u5b8c\u6574<\/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\/05\/06\/seeking-alpha\/#%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%92%8C%E8%8F%AF%E7%88%BE%E8%A1%97%E6%97%A5%E5%A0%B1%E5%90%8C%E4%B8%80%E9%9B%86%E5%9C%98\"><\/span><strong>\u548c\u83ef\u723e\u8857\u65e5\u5831\u540c\u4e00\u96c6\u5718<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u662f\u5f88\u503c\u5f97\u63a8\u85a6\u7d66\u7f8e\u80a1\u6295\u8cc7\u4eba\u7684\u7db2\u7ad9\uff0c\u5b83\u548c\u83ef\u723e\u8857\u65e5\u5831\uff08Wall Street Journal\uff09\u548c\u5df4\u9686\u5468\u520a\uff08Barron&#8217;s\uff09\u90fd\u662f\u5c6c\u65bc\u65b0\u805e\u96c6\u5718\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aNWSA\uff09\u6240\u6709\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%BF%85%E9%A0%88%E4%BB%98%E8%B2%BB\"><\/span>\u5fc5\u9808\u4ed8\u8cbb<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>2021\u5e74\u8d77\uff0c<a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u4e5f\u958b\u59cb\u6536\u8cbb\u4e86\uff08\u65b0\u805e\u548c\u4e00\u822c\u6d88\u606f\u76ee\u524d\u9084\u4e0d\u6536\u8cbb\uff0c\u4f46\u6df1\u5165\u9ede\u7684\u5206\u6790\u6587\u7ae0\u5c31\u662f\u6536\u8cbb\u7684\uff09\uff0c\u525b\u958b\u59cb\u52a0\u5165\u7684\u8b80\u8005\u4e0d\u6703\u6709\u611f\u89ba\uff0c\u56e0\u70ba\u5b83\u6703\u6709\u7de9\u885d\u671f\uff0c\u7b49\u60a8\u95b1\u8b80\u7684\u6587\u7ae0\u6578\u8d85\u904e\u4ed6\u5011\u7684\u9650\u5236\u5f8c\u5c31\u6703\u8df3\u51fa\u8b66\u8a9e\u4e86\u3002\u5b83\u64c1\u6709\u6700\u6df1\u5165\u5c08\u696d\u7684\u7f8e\u80a1\u500b\u80a1\u5206\u6790\uff0c\u8a31\u591a\u8cb7\u65b9\u5206\u6790\u5e2b\u548c\u5c08\u696d\u4eba\u58eb\u90fd\u6703\u5728\u6b64\u767c\u8868\u6587\u7ae0\uff0c\u6587\u7ae0\u90fd\u5f88\u6709\u6df1\u5ea6\u548c\u53ef\u8b80\u6027\u3002\u4f46\u5c0d\u53f0\u7063\u6295\u8cc7\u8005\u8f03\u4e0d\u5229\u7684\u662f\u5b83\u662f\u5168\u82f1\u6587\u7684\u3002<\/p>\n\n\n\n<p><strong>\u8a3b\uff1a<\/strong>2024\u5e74\u8d77\uff0c<a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u5c0d\u5168\u9762\u6536\u8cbb\u5236\u5ea6\u66f4\u9032\u4e00\u6b65\u7dca\u7e2e\uff0c\u5e7e\u4e4e\u6240\u6709\u7684\u6587\u7ae0\u90fd\u5fc5\u9700\u4ed8\u8cbb\u624d\u80fd\u95b1\u8b80\uff0c\u53ea\u7af9\u5269\u5c11\u8a31\uff0c\u975e\u5e38\u6709\u9650\u7684\u4e00\u4e9b\u529f\u80fd\u662f\u80fd\u514d\u8cbb\u95b1\u8b80\u6216\u5b58\u53d6\u4e86\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%9C%89%E9%82%A3%E4%BA%9B%E4%B8%BB%E8%A6%81%E5%85%A7%E5%AE%B9%EF%BC%9F\"><\/span><strong>\u6709\u90a3\u4e9b\u4e3b\u8981\u5167\u5bb9\uff1f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5b83\u4e3b\u8981\u6709\u5e7e\u985e\u7684\u5167\u5bb9\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7531\u5c08\u5bb6\u6295\u7a3f\uff0c\u95dc\u65bc\u5404\u5bb6\u4e0a\u5e02\u4f01\u696d\u7684\u5206\u6790\u5831\u544a\uff1b\u9019\u662f\u6700\u503c\u5f97\u4e00\u8b80\u7684\u90e8\u4efd \uff08\u6c92\u6709\u4ed8\u8cbb\u8005\u7121\u6cd5\u95b2\u8b80\uff09\u3002<\/li>\n\n\n\n<li>\u95dc\u65bc\u5404\u5bb6\u4e0a\u5e02\u4f01\u696d\u7684\u6700\u5373\u6642\u52d5\u614b\uff1b\u5305\u62ec\u65b0\u805e\u3001\u4f75\u8cfc\u3001\u7d93\u71df\u5718\u968a\u7684\u8b8a\u52d5\u7b49\u3002<\/li>\n\n\n\n<li>\u5404\u5bb6\u4e0a\u5e02\u4f01\u696d\u7684\u57fa\u672c\u9762\u8cc7\u6599\uff0c\u8fd1\u5e74\u7684\u8ca1\u5831\u6578\u5b57\u7b49\uff08\u6c92\u6709\u4ed8\u8cbb\u8005\u7121\u6cd5\u95b2\u8b80\uff09\u3002<\/li>\n\n\n\n<li>\u6bcf\u5b63\u6cd5\u8aaa\u6703\u7576\u5929\u7684\u6587\u4ef6\u3001\u65b0\u805e\u767c\u4f48\u7a3f\u3001\u96fb\u8a71\u6703\u8b70\u7684\u9304\u97f3\u6a94\u3001\u96fb\u8a71\u6703\u8b70\u7684\u6295\u5f71\u7247\u3001\u96fb\u8a71\u6703\u8b70\u7684\u9010\u5b57\u7a3f\u7b49\uff08\u6c92\u6709\u4ed8\u8cbb\u8005\u7121\u6cd5\u95b2\u8b80\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B5%A6%E5%88%9D%E5%A7%8B%E8%AE%80%E8%80%85%E7%9A%84%E5%BB%BA%E8%AD%B0\"><\/span><strong>\u7d66\u521d\u59cb\u8b80\u8005\u7684\u5efa\u8b70<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7531\u65bc\u597d\u7684\u548c\u539f\u59cb\u7684\u7f8e\u80a1\u8cc7\u8a0a\u90fd\u662f\u82f1\u6587\u7684\uff0c\u82f1\u6587\u65b9\u9762\u5927\u5bb6\u9084\u662f\u9700\u8981\u9069\u61c9\uff0c\u6211\u76f8\u4fe1\u5c0d\u5927\u90e8\u5206\u7684\u4eba\u4f86\u8aaa\u662f\u53ef\u4ee5\u514b\u670d\u7684\u3002\u53ef\u4ee5\u5148\u8b80\u6df1\u5165\u6587\u7ae0\u4e00\u958b\u59cb\u7684\u90a3\u6bb5\u4e09\u81f3\u4e94\u884c\u7684\u6458\u8981\u5c31\u884c\u4e86\uff0c\u8001\u7f8e\u7684\u6587\u7ae0\u5f88\u5b88\u898f\u77e9\uff0c\u90193-5\u884c\u5c31\u6982\u62ec\u4e86\u6574\u7bc7\u6587\u7ae0\u7684\u5927\u610f\u4e86\uff08\u56e0\u70ba<a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u6703\u4ed8\u9322\u7d66\u4f5c\u8005\uff0c\u56e0\u6b64\u8981\u6c42\u4f5c\u8005\u5fc5\u9808\u6309\u683c\u5f0f\u5beb\u4f5c\uff09\uff0c\u6211\u8b80\u4e86\u5341\u591a\u5e74\u7684\u5fc3\u5f97\u662f\u5982\u6b64\u7684\uff1b\u7b49\u60a8\u770b\u61c2\u4e86\u6240\u6709\u6df1\u5165\u6587\u7ae0\u7684\u6458\u8981\uff0c\u518d\u7531\u4e00\u5bb6\u4f60\u6700\u6709\u8208\u8da3\u8005\u958b\u59cb\uff0c\u6574\u7bc7\u90fd\u8b80\u5b8c\u3002\u4ed6\u5011\u7684\u6587\u7ae0\u6709\u5f88\u591a\u771f\u7684\u5f88\u6df1\u5165\uff0c\u82b1\u6642\u9593\u662f\u5fc5\u7136\u7684\uff0c\u800c\u4e14\u5b83\u4ed6\u5011\u7684\u6587\u7ae0\u7de8\u8f2f\u90fd\u8981\u6c42\u4f5c\u8005\u8981\u67e5\u8b49\uff0c\u56e0\u6b64\u5167\u5bb9\u53ef\u4ee5\u4fe1\u4efb\uff0c\u7576\u7136\u591a\u7a7a\u7684\u89c0\u9ede\u60a8\u53ef\u4ee5\u548c\u4f5c\u8005\u4e0d\u540c\uff0c\u4f46\u5167\u5bb9\u662f\u6709\u6599\u7684\uff0c\u9019\u662f\u6211\u7684\u610f\u601d\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%82%BA%E4%BB%80%E9%BA%BC%E5%80%BC%E5%BE%97%E4%BB%98%E9%8C%A2%E8%A8%82%E9%96%B1%EF%BC%9F\"><\/span>\u70ba\u4ec0\u9ebc<strong>\u503c\u5f97\u4ed8\u9322\u8a02\u95b1<\/strong>\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4e00\u5982\u6211\u5728\u6211\u7684\u300a<a href=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" target=\"_blank\" rel=\"noopener\">\u8d85\u7d1a\u6210\u9577\u80a1\u6295\u8cc7\u6cd5\u5247<\/a>\u300b\u4e00\u66f8\u4e2d4-2\u7bc0\u7684\u7b2c310\u9801\u66fe\u63d0\u904e\uff0c\u5982\u679c\u5927\u5bb6\u786c\u8981\u6211\u53ea\u80fd\u9078\u4e00\u500b\u7f8e\u80a1\u8cc7\u8a0a\u7684\u4f86\u6e90\uff0c\u6211\u6703\u63a8\u85a6<a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u3002\u6211\u500b\u4eba\u662f\u8a8d\u70ba\u503c\u5f97\u4ed8\u9322\u8a02\u95b1\uff0c\u539f\u56e0\u5982\u4e0b\uff1a<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B3%87%E8%A8%8A%E5%8D%B3%E6%99%82%E4%B8%94%E8%B6%85%E8%BC%89\"><\/span>\u8cc7\u8a0a\u5373\u6642\u4e14\u8d85\u8f09<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u4e00\u592924\u5c0f\u6642\uff08\u60a8\u6c92\u770b\u932f\uff0c\u4e0d\u5206\u767d\u5929\u665a\u4e0a\uff09\u6703\u96a8\u6642\u50b3\u9001\u66f4\u65b0\u4efb\u4f55\u5728\u7f8e\u80a1\u4e0a\u5e02\u4f01\u696d\u7684\u5927\u5c0f\u65b0\u805e\uff0c\u4e26\u96a8\u6642\u66f4\u65b0\u3002<a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u7684\u8cc7\u8a0a\u548c\u66f4\u65b0\u7684\u901f\u5ea6\uff0c\u548c\u8cc7\u6599\u91cf\uff0c\u7c21\u76f4\u53ef\u4ee5\u7528\u300c\u8cc7\u8a0a\u8d85\u8f09\u300d\u4f86\u5f62\u5bb9\uff0c\u5c31\u6015\u60a8\u6c92\u6709\u6642\u9593\uff0c\u6216\u662f\u592a\u61f6\u60f0\uff0c\u5426\u5247\u60a8\u662f\u7121\u6cd5\u62b1\u6028\u6c92\u6709\u8db3\u5920\u7684\u7f8e\u80a1\u8cc7\u8a0a\u7684\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%8A%E7%BE%8E%E8%82%A1%E6%8A%95%E8%B3%87%E7%95%B6%E5%9B%9E%E4%BA%8B%E7%9A%84%E4%BA%BA%E6%87%89%E9%96%B1%E8%AE%80\"><\/span>\u628a\u7f8e\u80a1\u6295\u8cc7\u7576\u56de\u4e8b\u7684\u4eba\u61c9\u95b1\u8b80<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9664\u975e\u60a8\u6295\u8cc7\u7f8e\u80a1\u53ea\u662f\u62b1\u8457\u73a9\u6a02\u3001\u4e0d\u8a8d\u771f\u3001\u53ef\u6709\u53ef\u7121\u3001\u73a9\u7968\u6027\u8cea\u8005\uff1b\u5982\u679c\u60a8\u4e0b\u5b9a\u6c7a\u5fc3\u60f3\u5145\u4efd\u66b8\u89e3\u7f8e\u80a1\u7684\u4e0a\u5e02\u516c\u53f8\u7684\u52d5\u614b\uff0c\u5c24\u5176\u60f3\u6210\u70ba\u67d0\u500b\u9818\u57df\u6216\u4f01\u696d\u7684\u5c08\u696d\u6295\u8cc7\u4eba\uff0c\u4ee5\u53ca\u60f3\u5f9e\u7f8e\u80a1\u9577\u671f\u81f4\u5bcc\u7684\u6295\u8cc7\u4eba\uff0c\u61c9\u8003\u616e\u82b1\u9322\u8a02\u95b1\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BD%BF%E8%82%A1%E5%B8%82%E8%B3%87%E8%A8%8A%E5%B9%B3%E6%B0%91%E5%8C%96\"><\/span>\u4f7f\u80a1\u5e02\u8cc7\u8a0a\u5e73\u6c11\u5316<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6563\u6236\u6295\u8cc7\u4eba\u5e38\u62b1\u6028\u6b66\u5668\u4e0d\u5c0d\u7b49\uff0c\u83ef\u723e\u8857\u64c1\u6709\u6563\u6236\u6c92\u6709\u7684\u8cc7\u8a0a\uff08\u8acb\u53c3\u898b\u6211\u7684\u53e6\u4e00\u7bc7\u90e8\u843d\u683c\u6587\u7ae0\u7684\u8aaa\u660e\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/10\/%e6%95%a3%e6%88%b6%e6%8a%95%e8%b3%87%e8%82%a1%e5%b8%82%e6%9c%89%e5%93%aa%e4%ba%9b%e5%8a%a3%e5%8b%a2%ef%bc%9f\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6563\u6236\u6295\u8cc7\u80a1\u5e02\u6709\u54ea\u4e9b\u52a3\u52e2\uff1f<\/a>\u300b\uff09\uff0c\u5c0f\u6563\u6236\u7121\u6cd5\u53d6\u5f97\u7f8e\u80a1\u4e0a\u5e02\u4f01\u696d\u7684\u5373\u6642\u8cc7\u8a0a\u3002<\/p>\n\n\n\n<p>\u9664\u975e\u662f\u975e\u6cd5\u6216\u5167\u7dda\u4ea4\u6613\u8cc7\u6599\uff08\u8acb\u6ce8\u610f\uff1a\u9019\u4e9b\u8209\u52d5\u5728\u5168\u4e16\u754c\u4efb\u4f55\u5730\u65b9\u90fd\u662f\u975e\u6cd5\u884c\u70ba\uff0c\u4e00\u5b9a\u6703\u88ab\u5211\u4e8b\u8d77\u8a34\uff09\uff0c\u53ea\u8981\u7f8e\u80a1\u4e0a\u5e02\u4f01\u696d\u4f9d\u6cd5\u5fc5\u9808\u63ed\u9732\u7d66\u6295\u8cc7\u4eba\u7684\u6587\u4ef6\u548c\u8cc7\u6599\uff0c\u4f8b\u5982\u6bcf\u5bb6\u4f01\u696d\u4e0d\u5b9a\u671f\u5411\u6cd5\u4eba\u9032\u884c\u7684\u6cd5\u8aaa\u6703\uff0c\u6295\u8cc7\u4eba\u6703\u8b70\u7684\u6703\u8b70\u6587\u4ef6\u548c\u9010\u5b57\u7a3f\uff0cSeeking  Alpha\u5927\u81f4\u4e0a\u90fd\u6703\u5831\u5c0e\u548c\u63d0\u4f9b\u3002\u5b83\u8b93\u7f8e\u80a1\u8cc7\u8a0a\u5e73\u6c11\u5316\uff0c\u516c\u5e73\u5316\u6210\u771f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"241\" height=\"88\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/05\/s.jpg\" alt=\"Seeking Alpha\" class=\"wp-image-16478\"\/><figcaption class=\"wp-element-caption\">Credit: Seeking Alpha<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B3%87%E8%A8%8A%E5%AE%8C%E6%95%B4\"><\/span>\u8cc7\u8a0a\u5b8c\u6574<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6211\u500b\u4eba\u5341\u591a\u5e74\u7684\u4f7f\u7528\u7d93\u9a57\uff0c\u5b83\u5e7e\u4e4e\u5f88\u5c11\u6f0f\u65b0\u805e\u3002\u6211\u7684\u610f\u601d\u662f\uff0c<a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u6703\u6458\u9304\uff08\u9019\u5f88\u6709\u5e6b\u52a9\uff0c\u5b83\u5df2\u7d93\u5e6b\u60a8\u6574\u7406\u904e\u4e86\uff0c\u53ea\u64f7\u53d6\u91cd\u9ede\uff09\u95dc\u65bc\u6240\u6709\u7f8e\u80a1\u4e0a\u5e02\u4f01\u696d\u5373\u6642\u7684\u65b0\u805e\uff0c\u9019\u5c0d\u4e00\u822c\u6295\u8cc7\u4eba\u5df2\u7d93\u8db3\u5920\u4e86\uff0c\u5982\u679c\u60a8\u60f3\u5c0d\u8a72\u5247\u65b0\u805e\u6df1\u5165\u66b8\u89e3\uff0c\u53ef\u4ee5\u518d\u6839\u64da<a href=\"https:\/\/seekingalpha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha<\/a>\u6240\u767c\u4f48\u7684\u8a0a\u606f\uff08\u5b83\u90fd\u6703\u8a3b\u660e\u8a72\u5247\u65b0\u805e\u6216\u6d88\u606f\u7684\u51fa\u8655\uff09\uff0c\u81ea\u884c\u5230\u65b0\u805e\u6216\u6d88\u606f\u7684\u51fa\u8655\u8b80\u53d6\u539f\u59cb\u5167\u5bb9\u3002<\/p>\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\/05\/15\/%E8%8B%B1%E6%96%87%E8%83%BD%E5%8A%9B%E5%B0%8D%E7%BE%8E%E8%82%A1%E6%8A%95%E8%B3%87%E4%BA%BA%E7%9A%84%E5%BD%B1%E9%9F%BF\/\">\u82f1\u6587\u80fd\u529b\u5c0d\u7f8e\u80a1\u6295\u8cc7\u4eba\u7684\u5f71\u97ff<\/a>\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/06\/seeking-alpha\/\">\u300a\u80fd\u4f7f\u7f8e\u80a1\u6295\u8cc7\u80fd\u529b\u5927\u5e45\u63d0\u6607\u7684seeking alpha\u300b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/stocks\/us-stocks\/%e5%a4%a7%e9%83%a8%e4%bb%bd%e6%8a%95%e8%b3%87%e4%ba%ba%e7%9a%84%e5%95%8f%e9%a1%8c%e5%9c%a8%e6%96%bc%e8%a7%80%e5%bf%b5%e5%92%8c%e5%bf%83%e7%90%86%ef%bc%8c%e4%b8%8d%e6%98%af%e9%81%b8%e8%82%a1\/\">\u300a\u5927\u90e8\u4efd\u6295\u8cc7\u4eba\u7684\u554f\u984c\u5728\u65bc\u89c0\u5ff5\u548c\u5fc3\u7406\uff0c\u4e0d\u662f\u9078\u80a1\u300b<\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/05\/13\/%e4%b8%96%e7%95%8c%e5%90%84%e5%9c%8b%e5%90%84%e6%9c%89%e5%a4%9a%e5%b0%91%e8%82%a1%e7%a5%a8%e6%8a%95%e8%b3%87%e4%ba%ba\/\">\u4e16\u754c\u5404\u570b\u5404\u6709\u591a\u5c11\u80a1\u7968\u6295\u8cc7\u4eba\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/10\/%E5%B8%B8%E8%A6%8B%E7%9A%84%E9%8C%AF%E8%AA%A4%E6%8A%95%E8%B3%87%E8%A7%80%E5%BF%B5%E5%92%8C%E8%BF%B7%E6%80%9D\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u503c\u5f97\u5546\u78ba\u7684\u6295\u8cc7\u89c0\u5ff5<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/25\/%E8%82%A1%E7%A5%A8%E6%8A%95%E8%B3%87%E5%A4%9A%E5%B9%B4%E5%8F%AA%E8%83%BD%E8%B3%BA%E5%B0%8F%E9%8C%A2%EF%BC%8C%E6%87%89%E5%A6%82%E4%BD%95%E6%94%B9%E5%96%84%EF%BC%9F\/\">\u6295\u8cc7\u591a\u5e74\u53ea\u8cfa\u5c0f\u9322\uff0c\u80fd\u6539\u5584\u55ce\uff1f<\/a>\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/reference\/investing-books\/%E6%8A%95%E8%B3%87%E5%A4%9A%E5%B9%B4%E9%83%BD%E8%B3%BA%E4%B8%8D%E5%88%B0%E9%8C%A2%E8%A6%81%E6%80%8E%E9%BA%BC%E8%BE%A6%EF%BC%9F\/\">\u300a\u6295\u8cc7\u591a\u5e74\u90fd\u8cfa\u4e0d\u5230\u9322\u8981\u600e\u9ebc\u8fa6\uff1f\u300b<\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/04\/%E5%B9%B4%E8%BC%95%E4%BA%BA%E6%8A%95%E8%B3%87%E8%82%A1%E5%B8%82%E5%85%B7%E6%9C%89%E9%82%A3%E4%BA%9B%E5%84%AA%E5%8B%A2%EF%BC%9F\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u9664\u4e86\u9577\u671f\u8907\u5229\u5916\uff0c\u5e74\u8f15\u4eba\u6295\u8cc7\u80a1\u5e02\u9084\u5177\u6709\u54ea\u4e9b\u4ee4\u4eba\u7fa8\u6155\u7684\u8d85\u7d1a\u512a\u52e2\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/10\/%E6%8A%95%E8%B3%87%E8%82%A1%E5%B8%82%E6%99%82%E7%9A%84%E6%95%A3%E6%88%B6%E5%8A%A3%E5%8B%A2\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6563\u6236\u6295\u8cc7\u80a1\u5e02\u7684\u52a3\u52e2<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/19\/%E6%8A%95%E8%B3%87%E8%82%A1%E5%B8%82%E6%99%82%E7%9A%84%E6%95%A3%E6%88%B6%E5%84%AA%E5%8B%A2\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6563\u6236\u6295\u8cc7\u80a1\u5e02\u7684\u512a\u52e2<\/a>\u300b<\/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\/2021\/07\/29\/%E5%B9%B4%E8%BC%95%E5%B0%8F%E8%B3%87%E6%97%8F%E5%A6%82%E4%BD%95%E9%9D%A0%E8%82%A1%E7%A5%A8%E8%87%B4%E5%AF%8C%EF%BC%9F\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5e74\u8f15\u5c0f\u8cc7\u65cf\u5982\u4f55\u9760\u80a1\u7968\u81f4\u5bcc\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/23\/%E6%95%A3%E6%88%B6%E6%94%BE%E7%A9%BA%E7%82%BA%E4%BD%95%E6%A5%B5%E5%BA%A6%E5%8D%B1%E9%9A%AA\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6563\u6236\u653e\u7a7a\u70ba\u4f55\u6975\u5ea6\u5371\u96aa<\/a>\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/behind-the-scenes\/investor-tips\/\u6295\u8cc7\u4eba\u9808\u8981\u7b46\u8a18\u90a3\u4e9b\u8cc7\u6599\uff1f\u70ba\u4ec0\u9ebc\uff1f\/\"><span style=\"font-size: revert;\">\u300a<\/span><\/a><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/13\/%E8%A6%81%E8%A8%98%E4%B8%8B%E9%82%A3%E4%BA%9B%E6%8A%95%E8%B3%87%E8%A8%98%E9%8C%84%E5%92%8C%E8%B3%87%E6%96%99\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8cc7\u4eba\u81ea\u5df1\u9808\u8981\u8a18\u4e0b\u90a3\u4e9b\u6295\u8cc7\u8a18\u9304\u548c\u8cc7\u6599\uff1f\u70ba\u4ec0\u9ebc\uff1f<\/a>\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/?s=%E5%8F%AA%E5%9C%A8%E6%84%8F%E8%82%A1%E7%A5%A8%E6%98%8E%E7%89%8C%E7%9A%84%E6%8A%95%E8%B3%87%E4%BA%BA\">\u300a\u53ea\u5728\u610f\u80a1\u7968\u660e\u724c\u7684\u6295\u8cc7\u4eba<\/a><a href=\"https:\/\/granitefirm.com\/investing\/reference\/morelegendbooks.htmlhttps:\/\/www.granitefirm.com\/blog\/reference\/us-stock-resource\/%E8%83%BD%E4%BD%BF%E7%BE%8E%E8%82%A1%E6%8A%95%E8%B3%87%E8%83%BD%E5%8A%9B%E5%A4%A7%E5%B9%85%E6%8F%90%E6%98%87%E7%9A%84seeking-alpha\/\">\u300b<\/a><\/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>\u80fd\u4f7f\u7f8e\u80a1\u6295\u8cc7\u80fd\u529b\u5927\u5e45\u63d0\u6607\u7684Seeking Alpha<\/p>\n","protected":false},"author":1,"featured_media":16478,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,251,57,630],"tags":[1107],"class_list":["post-81","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-stock-resource","category-stock-knowledge","category-investor-tips","category-reading","tag-nwsa"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/81","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=81"}],"version-history":[{"count":2,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/81\/revisions"}],"predecessor-version":[{"id":69701,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/81\/revisions\/69701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/16478"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=81"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=81"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=81"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}