{"id":60843,"date":"2018-10-30T20:42:19","date_gmt":"2018-10-30T20:42:19","guid":{"rendered":"http:\/\/xiongmaotimes.com\/2018\/10\/30\/%e6%99%82%e4%bb%a3%e5%94%94%e5%90%8c%e3%80%80%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e6%b3%95%e4%b8%8d%e5%86%8d%e6%9c%89%e6%95%88%ef%bc%9f\/"},"modified":"2018-10-30T20:42:19","modified_gmt":"2018-10-30T20:42:19","slug":"%e6%99%82%e4%bb%a3%e5%94%94%e5%90%8c%e3%80%80%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e6%b3%95%e4%b8%8d%e5%86%8d%e6%9c%89%e6%95%88%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/xiongmaotimes.com\/?p=60843","title":{"rendered":"\u6642\u4ee3\u5514\u540c\u3000\u50f9\u503c\u6295\u8cc7\u6cd5\u4e0d\u518d\u6709\u6548\uff1f"},"content":{"rendered":"
\u3000\u3000<\/a><\/div>\n
      \u3010\u718a\u732b\u8d22\u7ecf\u3011\u5982\u679c\u4f60\u662f\u300c\u80a1\u795e\u300d\u5df4\u83f2\u7279\uff08Warren Edward Buffett\uff09\u7684\u4fe1\u5f92\uff0c\u5c0d\u300c\u50f9\u503c\u6295\u8cc7\u6cd5\u300d\uff08Value Investing\uff09\u4e00\u5b9a\u4e0d\u6703\u964c\u751f\u3002\u7c21\u55ae\u800c\u8a00\uff0c\u300c\u50f9\u503c\u6295\u8cc7\u6cd5\u300d\u7684\u6838\u5fc3\u64cd\u4f5c\uff0c\u662f\u5047\u5982\u4f60\u770b\u597d\u4e00\u96bb\u80a1\u7968\u7684\u9577\u9060\u5347\u503c\u6f5b\u529b\uff0c\u4fbf\u6bcb\u9808\u7406\u6703\u8a72\u80a1\u7968\u50f9\u683c\u7684\u77ed\u671f\u6ce2\u52d5\u3002\u7136\u800c\uff0c\u300a\u7d93\u6fdf\u5b78\u4eba\u300b\uff08The Economist\uff09\u525b\u767c\u8868\u4e00\u7bc7\u984c\u70ba\u300cThe agony of the value investor\u300d\uff08\u50f9\u503c\u6295\u8cc7\u8005\u7684\u82e6\u96e3\uff09\uff0c\u4ee4\u4eba\u91cd\u65b0\u601d\u8003\u300c\u50f9\u503c\u6295\u8cc7\u6cd5\u300d\u7684\u6210\u6548\u3002<\/div>\n
\u3000\u3000\u300a\u7d93\u6fdf\u5b78\u4eba\u300b\u65bc10\u670825\u65e5\u767c\u8868\u984c\u70ba\u300cThe agony of the value investor\u300d\u7684\u6587\u7ae0\uff0c\u4ee5\u7f8e\u570b\u7f85\u7d203000\u6307\u6578\uff08Russell 3000 index\uff09\u75312009\u5e74\u81f3\u4eca\u7684\u6578\u64da\u70ba\u4f8b\uff0c\u5f15\u8b49\u904e\u53bb10\u5e74\uff0c\u50f9\u503c\u80a1\uff08Value\uff09\u7684\u8868\u73fe\uff0c\u8dd1\u8f38\u589e\u9577\u80a1\uff08Growth\uff09\u53ca\u4e3b\u8981\u6307\u6578\uff08Main Index\uff09\u3002\u7136\u5247\uff0c\u50f9\u503c\u6295\u8cc7\u6cd5\u662f\u5426\u5df2\u4e0d\u518d\u6709\u6548\uff1f\u5230\u5e95\u6709\u4f55\u56e0\u7d20\u5f71\u97ff\u8457\u6295\u8cc7\u7406\u8ad6\uff1f<\/div>\n
\u3000\u3000\u50f9\u503c\u6295\u8cc7\u6cd5\u662f\u751a\u9ebc\uff1f<\/div>\n
\u3000\u3000\u6709\u50f9\u503c\u6295\u8cc7\u4e4b\u7236\u4e4b\u7a31\u7684\u73ed\u5091\u660e•\u845b\u62c9\u6f22\uff08Benjamin Graham\uff09\uff08\u4ed6\u4e5f\u662f\u300c\u80a1\u795e\u300d\u5df4\u83f2\u7279\uff08Warren Buffett\uff09\u7684\u5e2b\u5085\uff09\uff0c\u5728\u7d93\u6b77\u7f8e\u80a1\u80a1\u707d\u53ca\u7d93\u6fdf\u5927\u856d\u689d\u5f8c\uff0c\u63d0\u51fa\u4e86\u50f9\u503c\u6295\u8cc7\u6cd5\uff0c\u4e3b\u8981\u6982\u5ff5\u662f\u8cb7\u5165\u80a1\u50f9\u88ab\u4f4e\u4f30\u7684\u80a1\u7968\u4f5c\u9577\u7dda\u6295\u8cc7\u3002\u4ed6\u66fe\u6307\u51fa\uff0c\u50f9\u683c\u662f\u5e02\u5834\u60c5\u7dd2\u7684\u7522\u7269\uff1b\u5728\u80a1\u5e02\u7e41\u69ae\u6642\uff0c\u5e02\u5834\u7531\u6700\u9032\u53d6\u7684\u6295\u8cc7\u8005\u4e3b\u5c0e\uff0c\u800c\u5728\u80a1\u707d\u6642\uff0c\u5247\u662f\u7531\u6700\u6050\u614c\u7684\u6295\u8cc7\u8005\u4e3b\u5c0e\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u4ed6\u8a8d\u70ba\u80a1\u7968\u7684\u50f9\u503c\u662f\u4ee5\u516c\u53f8\u8cc7\u7522\u70ba\u57fa\u790e\uff0c\u6240\u4ee5\u4e3b\u5f35\u9032\u53d6\u578b\u7684\u6295\u8cc7\u8005\uff0c\u770b\u6e96\u8cc7\u7522\u6de8\u503c\u9060\u9ad8\u65bc\u5e02\u50f9\u5c31\u53ef\u4ee5\u8cb7\u9032\u3002<\/div>\n
\u3000\u3000\u7576\u6642\uff0c\u6709\u7121\u6578\u7684\u7814\u7a76\u5df2\u8868\u660e\uff0c\u9577\u9060\u800c\u8a00\uff0c\u50f9\u503c\u80a1\uff08value stock\uff09\u7684\u8868\u73fe\u6703\u512a\u65bc\u589e\u9577\u80a1\uff08growth stock\uff09\u3002<\/div>\n
\u3000\u3000\u50f9\u503c\u6295\u8cc7\u6cd5\u5df2\u4e0d\u5408\u6642\u5b9c\uff1f<\/div>\n
\u3000\u3000\u7136\u800c\uff0c\u300c\u50f9\u503c\u6295\u8cc7\u6cd5\u300d\u63d0\u51fa\u8fd1\u767e\u5e74\uff0c\u300a\u7d93\u6fdf\u5b78\u4eba\u300b\u7684\u6587\u7ae0\u5c31\u8cea\u7591\uff0c\u73fe\u4eca\u5e02\u5834\u74b0\u5883\u8207\u7576\u6642\u6709\u8457\u5929\u6df5\u4e4b\u5225\uff0c\u5176\u65b9\u6cd5\u6216\u5df2\u5931\u6548\u3002\u6bd4\u8d77\u4ee5\u5f80\u6703\u5c07\u5de5\u5ee0\u53ca\u8fa6\u516c\u5ba4\u8996\u4f5c\u5e33\u9762\u50f9\u503c\uff08book value\uff09\uff0c\u73fe\u4eca\u6709\u66f4\u591a\u7121\u5f62\u7684\u8cc7\u7522\u662f\u96e3\u4ee5\u4f30\u7b97\u7684\uff0c\u5982\u5c08\u6709\u6280\u8853\u53ca\u54c1\u724c\u7b49\u3002<\/div>\n
\u3000\u30001950\u5e74\u4ee3\u7684\u8cc7\u8a0a\u50b3\u64ad\u4e0d\u5982\u73fe\u4eca\uff0c\u80a1\u7968\u7684\u8ca1\u52d9\u5831\u8868\u662f\u5370\u5728\u624b\u518a\u4e0a\uff0c\u7814\u7a76\u7684\u4eba\u4e0d\u591a\uff0c\u56e0\u6b64\u50f9\u503c\u6295\u8cc7\u8005\u53ef\u4ee5\u900f\u904e\u300c\u8cc7\u8a0a\u843d\u5dee\u300d\u7372\u5229\u3002\u8655\u65bc\u4e00\u500b\u8cc7\u8a0a\u7206\u70b8\u7684\u5e74\u4ee3\uff0c\u7406\u6240\u7576\u7136\u5730\u96e3\u4ee5\u55ae\u9760\u7528\u80a1\u50f9\u6de8\u503c\u6bd4\u4f30\u50f9\u800c\u5927\u8cfa\u3002<\/div>\n","protected":false},"excerpt":{"rendered":"

\u3000\u3000       \u3010\u718a\u732b\u8d22\u7ecf\u3011\u5982\u679c\u4f60\u662f\u300c\u80a1\u795e\u300d\u5df4\u83f2\u7279\uff08Warren Edward Buffett\uff09\u7684\u4fe1\u5f92\uff0c\u5c0d\u300c\u50f9\u503c\u6295\u8cc7\u6cd5\u300d\uff08Value Investi…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=\/wp\/v2\/posts\/60843"}],"collection":[{"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60843"}],"version-history":[{"count":0,"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=\/wp\/v2\/posts\/60843\/revisions"}],"wp:attachment":[{"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xiongmaotimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}