{"id":8684,"date":"2021-11-07T23:56:00","date_gmt":"2021-11-07T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=8684"},"modified":"2025-05-28T09:16:27","modified_gmt":"2025-05-28T01:16:27","slug":"%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/","title":{"rendered":"\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5\u7684\u554f\u984c"},"content":{"rendered":"\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\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/#%E4%BB%80%E9%BA%BC%E6%98%AF%E9%9B%AA%E8%8C%84%E7%85%99%E5%B1%81%E8%82%A1%E6%8A%95%E8%B3%87%E6%B3%95%EF%BC%9F\" >\u4ec0\u9ebc\u662f\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5\uff1f<\/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\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/#%E5%B9%BE%E5%B9%B4%E5%BE%8C%E5%B8%82%E5%A0%B4%E6%89%8D%E6%9C%83%E7%99%BC%E7%8F%BE\" 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href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/#%E6%A8%99%E7%9A%84%E4%BC%81%E6%A5%AD%E9%80%9A%E5%B8%B8%E6%98%AF%E5%93%81%E8%B3%AA%E4%B8%8D%E4%BD%B3%E7%9A%84%E5%B0%8F%E4%BC%81%E6%A5%AD\" >\u6a19\u7684\u4f01\u696d\u901a\u5e38\u662f\u54c1\u8cea\u4e0d\u4f73\u7684\u5c0f\u4f01\u696d<\/a><\/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\/2021\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/#%E4%B8%8D%E8%80%83%E6%85%AE%E9%95%B7%E6%9C%9F%E6%8A%95%E8%B3%87\" >\u4e0d\u8003\u616e\u9577\u671f\u6295\u8cc7<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/#%E5%B0%8D%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%9C%89%E4%BD%95%E5%BD%B1%E9%9F%BF\" >\u5c0d\u5df4\u83f2\u7279\u6709\u4f55\u5f71\u97ff<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/#%E8%92%99%E6%A0%BC%E7%9A%84%E7%9C%8B%E6%B3%95\" >\u8499\u683c\u7684\u770b\u6cd5<\/a><\/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\/2021\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/#%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 has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E4%BB%80%E9%BA%BC%E6%98%AF%E9%9B%AA%E8%8C%84%E7%85%99%E5%B1%81%E8%82%A1%E6%8A%95%E8%B3%87%E6%B3%95%EF%BC%9F\"><\/span><strong>\u4ec0\u9ebc\u662f\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5\uff1f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u591a\u6578\u5c0d\u5df4\u83f2\u7279\u6709\u7a0d\u8a31\u7814\u7a76\u7684\u6295\u8cc7\u4eba\u6216\u8a31\u90fd\u77e5\u9053\uff0c\u5df4\u83f2\u7279\u5728\u4ed6\u6295\u8cc7\u7684\u65e9\u671f\uff0c\u5c24\u5176\u662f\u5728\u5c1a\u672a\u6210\u7acb\u6ce2\u514b\u590f\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aBRK.A\u548cBRK.B\uff09\u7684\u5df4\u83f2\u7279\u5408\u4f19\u516c\u53f8\u7684\u671f\u9593\uff0c\u63a1\u7528\u7684\u662f\u4ed6\u7684\u5c0e\u5e2b\u845b\u62c9\u6f22\u7684\u300c\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5\u300d\uff0c\u610f\u601d\u5c31\u662f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u53ea\u7814\u7a76\u4f01\u696d\u7684\u8ca1\u5831<\/li>\n\n\n\n<li>\u627e\u51fa\u50f9\u503c\u88ab\u4f4e\u4f30\u7684\u4f01\u696d<\/li>\n\n\n\n<li>\u5b8c\u5168\u4e0d\u8003\u616e\u975e\u91cf\u5316\u7684\u56e0\u7d20<\/li>\n\n\n\n<li>\u7b49\u6a19\u7684\u4f01\u696d\u7684\u80a1\u50f9\u4e0a\u5347\u8d85\u904e\u5167\u5728\u50f9\u503c\u5c31\u51fa\u812b\u80a1\u7968<\/li>\n\n\n\n<li>\u518d\u627e\u5c0b\u4e0b\u4e00\u500b\u6295\u8cc7\u76ee\u6a19<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E5%B9%BE%E5%B9%B4%E5%BE%8C%E5%B8%82%E5%A0%B4%E6%89%8D%E6%9C%83%E7%99%BC%E7%8F%BE\"><\/span><strong>\u5e7e\u5e74\u5f8c\u5e02\u5834\u624d\u6703\u767c\u73fe<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/rbcpa.com\/\/wp-content\/uploads\/2016\/12\/1962.01.24.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">1961\u5e74\u7684\u5df4\u83f2\u7279\u5408\u4f19\u516c\u53f8\u7684\u5e74\u5ea6\u81f4\u80a1\u6771\u4fe1<\/a>\u4e2d\u63d0\u5230\u300c\u6709\u6642\u50f9\u503c\u7684\u4fee\u6b63\u5c07\u6703\u975e\u5e38\u5feb\uff0c\u4f46\u5927\u591a\u6578\u6642\u5019\u9700\u8981\u4e00\u5e74\u751a\u81f3\u6578\u5e74\u7684\u6642\u9593\u4f86\u5be6\u73fe\u3002\u6211\u5011\u5728\u8cb7\u5165\u6642\u5f80\u5f80\u5f88\u96e3\u78ba\u5207\u7684\u77e5\u9053\u4f55\u6642\u67d0\u96bb\u80a1\u7968\u5c07\u6703\u5728\u73fe\u6709\u50f9\u683c\u6c34\u5e73\u4e0a\u589e\u503c\u3002\u300d\u56e0\u6b64\uff0c\u9019\u5bb6\u516c\u53f8\u5fc5\u9808\u80fd\u6490\u5230\u90a3\u6642\u5019\uff0c\u4e5f\u6709\u53ef\u80fd\u7b49\u4e0d\u90a3\u6642\u5c31\u4e0b\u5e02\u6216\u5012\u9589\u4e86\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E5%B0%8E%E8%87%B4%E5%88%86%E6%95%A3%E5%8C%96%E6%8A%95%E8%B3%87\"><\/span><strong>\u5c0e\u81f4\u5206\u6563\u5316\u6295\u8cc7<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7531\u65bc\u53ea\u7814\u7a76\u8ca1\u5831\uff0c\u800c\u4e14\u5fc5\u9808\u7b49\u5f85\u5e02\u5834\u767c\u73fe\u76ee\u6a19\u4f01\u696d\u7684\u50f9\u503c\uff0c\u56e0\u6b64\u5927\u591a\u6578\u7684\u60c5\u5f62\u4e0b\u5fc5\u9808\u8cb7\u5165\u8a31\u591a\u7684\u4e0d\u540c\u4f01\u696d\uff0c\u4ee5\u91cf\u53d6\u52dd\u3002 <\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E4%B8%8D%E8%80%83%E6%85%AE%E8%83%BD%E5%8A%9B%E5%9C%88%E6%88%96%E7%AB%B6%E7%88%AD%E5%8A%9B\"><\/span><strong>\u4e0d\u8003\u616e\u80fd\u529b\u5708\u6216\u7af6\u722d\u529b<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u9019\u7a2e\u6295\u8cc7\u7684\u65b9\u5f0f\uff0c\u57fa\u672c\u4e0a\u4e3b\u8981\u8003\u91cf\u662f\u5b89\u5168\u908a\u969b\u800c\u5df2\u3002\u5b8c\u5168\u4e0d\u8003\u91cf\u6240\u8b02\u7684\u80fd\u529b\u5708\u6295\u8cc7\uff0c\u4e5f\u4e0d\u8003\u616e\u4f01\u696d\u7684\u7af6\u722d\u529b\u2500\u2500\u2500\u2500\u55ae\u7d14\u7684\u8003\u91cf\u5c31\u53ea\u6709\u4e00\u500b\uff0c\u5920\u4fbf\u5b9c\uff0c\u5927\u5e45\u4f4e\u65bc\u5167\u5728\u50f9\u503c\u5230\u5c31\u884c\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E6%A8%99%E7%9A%84%E4%BC%81%E6%A5%AD%E9%80%9A%E5%B8%B8%E6%98%AF%E5%93%81%E8%B3%AA%E4%B8%8D%E4%BD%B3%E7%9A%84%E5%B0%8F%E4%BC%81%E6%A5%AD\"><\/span><strong>\u6a19\u7684\u4f01\u696d\u901a\u5e38\u662f\u54c1\u8cea\u4e0d\u4f73\u7684\u5c0f\u4f01\u696d<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4e00\u5982\u8499\u683c\u7684\u540d\u8a00\u300c\u9ad8\u54c1\u8cea\u7684\u512a\u79c0\u4f01\u696d\uff0c\u80a1\u50f9\u901a\u5e38\u9ad8\u4e0d\u53ef\u6500\u3002\u300d\u9019\u985e\u6295\u8cc7\u6a5f\u6703\u5927\u591a\u662f\u4e0d\u77e5\u540d\u7684\u300c\u4e8c\u6d41\u516c\u53f8\u4e09\u6d41\u50f9\u683c\u300d\u6216\u662f\u300c\u4e09\u6d41\u516c\u53f8\u56db\u6d41\u50f9\u683c\u300d\uff0c\u5982\u679c\u60a8\u4ed4\u7d30\u7814\u7a76\u5df4\u83f2\u7279\u65e9\u671f\u6700\u6709\u540d\u7684\u5e7e\u500b\u6295\u8cc7\u6848\u4f8b\uff0c\u6851\u4f2f\u6069\u5730\u5716\u3001\u767b\u666e\u65af\u7279\u8fb2\u5177\uff0c\u90fd\u662f\u5c6c\u65bc\u9019\u4e00\u985e\u3002<\/p>\n\n\n\n<p>\u300c\u6211\u5011\u6301\u6709\u7684\u9019\u4e9b\u80a1\u7968\u96d6\u7136\u4fbf\u5b9c\uff0c\u4f46\u662f\u4e00\u4ef6\u6771\u897f\u7684\u50f9\u683c\u4fbf\u5b9c\u4e26\u4e0d\u610f\u5473\u8457\u5b83\u7684\u50f9\u683c\u5c31\u4e0d\u6703\u7e7c\u7e8c\u4e0b\u964d\u3002\u7576\u5e02\u5834\u4e0b\u8dcc\u6642\uff0c\u6211\u5011\u7684\u9019\u4e00\u90e8\u5206\u4e5f\u540c\u6a23\u5c07\u4e0b\u8dcc\u3002\u300d\u57281961\u5e74\u7684\u5df4\u83f2\u7279\u5408\u4f19\u516c\u53f8\u7684\u5e74\u5ea6\u81f4\u80a1\u6771\u4fe1\u4e2d\uff0c\u4ed6\u4e5f\u63d0\u5230\u3002 <\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E4%B8%8D%E8%80%83%E6%85%AE%E9%95%B7%E6%9C%9F%E6%8A%95%E8%B3%87\"><\/span><strong>\u4e0d\u8003\u616e\u9577\u671f\u6295\u8cc7<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6839\u64da\u9019\u7a2e\u6295\u8cc7\u65b9\u5f0f\uff0c\u53ea\u8981\u80a1\u50f9\u4e0a\u5347\u8d85\u904e\u6240\u8a8d\u5b9a\u7684\u4f01\u696d\u5167\u5728\u50f9\u503c\uff0c\u5c31\u6703\u51fa\u812b\uff0c\u4e0d\u8003\u616e\u9577\u6301\u6301\u6709\uff0c\u7576\u7136\u4e5f\u4e0d\u8003\u91cf\u6642\u9593\u8907\u5229\u2500\u2500\u2500\u2500\u5b8c\u5168\u55aa\u5931\u6301\u6709\u80a1\u7968\u7684\u6700\u5927\u512a\u9ede\uff0c\u5f88\u96e3\u7d2f\u7a4d\u5927\u5e45\u7684\u8ca1\u5bcc\u3002<\/p>\n\n\n\n<p>\u6709\u7d93\u9a57\u7684\u8cc7\u6df1\u6295\u8cc7\u4eba\u90fd\u77e5\u9053\uff0c\u54c1\u8cea\u4e0d\u4f73\u7684\u5c0f\u4f01\u696d\u901a\u5e38\u662f\u88ab\u5927\u91cf\u653e\u7a7a\u7684\u6a19\u7684\u3002\u66f4\u6158\u7684\u662f\uff0c\u9577\u671f\u800c\u8a00\uff0c\u90fd\u96e3\u9003\u4e0b\u5e02\u7684\u547d\u904b\uff0c\u4e5f\u5c31\u662f\u60a8\u6295\u5165\u7684\u8cc7\u91d1\u6709\u53ef\u80fd\u6703\u6253\u6c34\u6f02\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"152\" height=\"96\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/09\/Flickr-1600x1200-5.jpg\" alt=\"\u7159\u5c41\u80a1\u6295\u8cc7\" class=\"wp-image-25251\" srcset=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/09\/Flickr-1600x1200-5.jpg 152w, https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/09\/Flickr-1600x1200-5-150x96.jpg 150w\" sizes=\"auto, (max-width: 152px) 85vw, 152px\" \/><figcaption class=\"wp-element-caption\">credit: Flickr<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E5%B0%8D%E5%B7%B4%E8%8F%B2%E7%89%B9%E6%9C%89%E4%BD%95%E5%BD%B1%E9%9F%BF\"><\/span><strong>\u5c0d\u5df4\u83f2\u7279\u6709\u4f55\u5f71\u97ff<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u8070\u660e\u7684\u8b80\u8005\u6216\u8a31\u5df2\u7d93\u60f3\u5230\uff0c\u5982\u679c\u5df4\u83f2\u7279\u4e00\u751f\u90fd\u63a1\u7528\u9019\u7a2e\u6295\u8cc7\u65b9\u5f0f\uff0c\u4ed6\u61c9\u8a72\u5f88\u96e3\u7d2f\u7a4d\u5230\u76ee\u524d\u7684\u8ca1\u7522\u3001\u9054\u6210\u76ee\u524d\u9a5a\u4eba\u7684\u6210\u5c31\u3001\u548c\u6295\u8cc7\u5831\u916c\u7387\u2500\u2500\u2500\u2500\u6700\u591a\u5c31\u53ea\u662f\u500b\u6bd4\u4ed6\u8001\u5e2b\u845b\u62c9\u6f22\u6709\u9322\u4e00\u9ede\u7684\u5bcc\u8c6a\u800c\u5df2\u3002\u845b\u62c9\u6f22\u7684\u6295\u8cc7\uff0c\u82e5\u4ee5\u5831\u916c\u7387\u800c\u8a00\uff0c\u4e26\u4e0d\u7b97\u5f88\u6709\u6210\u5c31\uff0c\u4ed6\u7684\u4e3b\u8981\u6210\u5c31\u5728\u5efa\u7acb\u7cfb\u7d71\u5316\u53ef\u884c\u7684\u73fe\u4ee3\u5316\u6295\u8cc7\u7406\u8ad6 \u3002<\/p>\n\n\n\n<p>\u5f8c\u4f86\u7684\u767c\u5c55\uff0c\u4f60\u6211\u90fd\u77e5\u9053\u4e86\uff0c\u5df4\u83f2\u7279\u5927\u5e45\u4fee\u6539\u4e86\u9019\u5957\u6295\u8cc7\u65b9\u6cd5\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e0d\u518d\u55ae\u7d14\u5730\u53ea\u4f7f\u7528\u71df\u904b\u8cc7\u91d1\uff08working capital\uff09\uff0c\u6539\u7528\u73fe\u91d1\u6d41\u6298\u73fe\uff08DCF\uff09\u548c\u79c1\u6709\u5e02\u5834\u7684\u4f30\u503c\u4f86\u505a\u70ba\u6295\u8cc7\u6642\u7684\u5b89\u5168\u908a\u969b\u3002<\/li>\n\n\n\n<li>\u53d7\u8499\u683c\u7684\u6975\u5927\u5f71\u97ff\uff0c\u900f\u904e\u559c\u601d\u7cd6\u679c\u6536\u8cfc\u7684\u5be6\u969b\u9a57\u8b49\u5f8c\u2500\u2500\u2500\u2500\u52a0\u5165\u975e\u91cf\u5316\u3001\u4f01\u696d\u672a\u4f86\u6210\u9577\u7387\u3001\u4f01\u696d\u9577\u671f\u5c55\u671b\u3001\u5e02\u4f54\u7387\u3001\u7d93\u71df\u5718\u968a\u7684\u80fd\u529b\u3001\u8b77\u57ce\u6cb3\u7b49\u770b\u4e0d\u898b\u7684\u50f9\u503c\uff0c\u505a\u70ba\u6295\u8cc7\u6642\u7684\u91cd\u8981\u8003\u91cf\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u5df4\u83f2\u7279\u5f8c\u4f86\u5f88\u5feb\u5730\u67e5\u89ba\u5230\u4e86\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5\u7684\u554f\u984c\uff0c\u5982\u679c\u4ed6\u6c92\u6709\u53ca\u65e9\u9032\u884c\u8abf\u6574\uff0c\u6211\u5011\u4eca\u65e5\u6050\u6015\u90fd\u4e0d\u6703\u77e5\u9053\u6295\u8cc7\u754c\u6709\u9019\u500b\u4eba\uff0c\u56e0\u70ba\u4ed6\u4e0d\u6703\u8b8a\u5f97\u9019\u9ebc\u6210\u529f\u548c\u5049\u5927\u2500\u2500\u2500\u2500\u9019\u5c31\u662f\u5df4\u83f2\u7279\u5049\u5927\u7684\u5730\u65b9\u3002\u60a8\u53ef\u4ee5\u53c3\u8003\u6211\u7684\u53e6\u4e00\u7bc7\u6587\u7ae0\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\/\" data-type=\"URL\" data-id=\"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\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u70ba\u4ec0\u9ebc\u5df4\u83f2\u7279\u503c\u5f97\u6df1\u5165\u7814\u7a76\uff1f<\/a>\u300b\u7684\u8aaa\u660e\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%92%99%E6%A0%BC%E7%9A%84%E7%9C%8B%E6%B3%95\"><\/span>\u8499\u683c\u7684\u770b\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u8499\u683c\u8aaa\u904e\uff1a\u300c\u6211\u89ba\u5f97\u73ed\u5091\u660e\u00b7\u845b\u62c9\u6f22\u7684\u6295\u8cc7\u80fd\u529b\u6bd4\u4e0d\u4e0a\u5df4\u83f2\u7279\uff0c\u751a\u81f3\u4e5f\u6bd4\u4e0d\u4e0a\u6211\u3002\u8cfc\u8cb7\u9019\u4e9b\u4fbf\u5b9c\u7684\u83f8\u5c41\u80a1\u80a1\u7968\uff0c\u5c31\u6703\u843d\u5165\u5708\u5957\u548c\u5e7b\u89ba\u4e2d\u3002\u800c\u4e14\u4e0d\u80fd\u628a\u6240\u6709\u7684\u8cc7\u91d1\u90fd\u6295\u5165\uff0c\u4e0d\u80fd\u6295\u5165\u6578\u5341\u5104\u6216\u751a\u81f3\u662f\u5343\u842c\u5143\uff0c\u4f46\u662f\u4ed6\u7684\u5beb\u4f5c\u6280\u5de7\u5f88\u597d\uff0c\u5f88\u6703\u6559\u5b78\uff0c\u4e5f\u5f88\u8070\u660e\uff1b\u662f\u7576\u6642\u6295\u8cc7\u754c\u7684\u77e5\u8b58\u5206\u5b50\uff0c\u53ef\u80fd\u4e5f\u662f\u552f\u4e00\u4e00\u4f4d\u5427\uff01\u300d<\/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><a href=\"https:\/\/www.granitefirm.com\/blog\/investing-methods\/long-term-investing\/%E6%88%91%E7%82%BA%E4%BD%95%E9%9D%92%E7%9D%9E%E6%88%90%E9%95%B7%E8%82%A1%E8%80%8C%E9%9D%9E%E5%83%B9%E5%80%BC%E8%82%A1%EF%BC%9F\/\">\u300a\u6211\u70ba\u4f55\u9752\u775e\u6210\u9577\u80a1\u800c\u975e\u50f9\u503c\u80a1\uff1f\u300b<\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/05\/27\/%E5%83%B9%E5%80%BC%E6%8A%95%E8%B3%87bejamin-graham\/\">\u845b\u62c9\u6f22\u7684\u50b3\u8a18\u300a\u50f9\u503c\u6295\u8cc7\uff08Benjamin Graham on Value Investing\uff09\u300b<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/21\/%e6%88%90%e9%95%b7%e6%8a%95%e8%b3%87%e5%92%8c%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%84%e5%8e%9f%e5%a7%8b%e8%a7%80%e9%bb%9e\/\">\u6210\u9577\u6295\u8cc7\u548c\u50f9\u503c\u6295\u8cc7\uff0c\u5df4\u83f2\u7279\u7684\u539f\u59cb\u89c0\u9ede<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/07\/%e9%9b%aa%e8%8c%84%e7%85%99%e5%b1%81%e8%82%a1%e6%8a%95%e8%b3%87%e6%b3%95%e7%9a%84%e5%95%8f%e9%a1%8c\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u96ea\u8304\u7159\u5c41\u80a1\u6295\u8cc7\u6cd5\u7684\u554f\u984c<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/23\/%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e7%9a%84%e4%bb%8a%e6%98%94\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u50f9\u503c\u6295\u8cc7\u7684\u4eca\u6614<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/09\/12\/%e6%82%a8%e6%87%89%e8%a9%b2%e8%aa%8d%e8%ad%98square%e9%80%99%e5%ae%b6%e4%bc%81%e6%a5%ad\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><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\/\">\u70ba\u4ec0\u9ebc\u5df4\u83f2\u7279\u503c\u5f97\u6df1\u5165\u7814\u7a76\uff1f<\/a>\u300b<\/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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