{"id":393,"date":"2008-11-22T20:14:56","date_gmt":"2008-11-22T12:14:56","guid":{"rendered":"http:\/\/localhost\/portal\/2008\/11\/22\/%e9%81%a0%e8%a6%8b%e3%80%8b%e6%bb%be%e9%8c%a2%e4%ba%ba%e7%94%9f-%e5%b7%b4%e8%8f%b2%e7%89%b9\/"},"modified":"2008-11-22T20:14:56","modified_gmt":"2008-11-22T12:14:56","slug":"%e9%81%a0%e8%a6%8b%e3%80%8b%e6%bb%be%e9%8c%a2%e4%ba%ba%e7%94%9f-%e5%b7%b4%e8%8f%b2%e7%89%b9","status":"publish","type":"post","link":"https:\/\/www.cyberhunter.com.tw\/?p=393","title":{"rendered":"\u9060\u898b\u300b\u6efe\u9322\u4eba\u751f \u5df4\u83f2\u7279"},"content":{"rendered":"

\u9060\u898b\u300b\u6efe\u9322\u4eba\u751f \u5df4\u83f2\u7279<\/h1>\n

\n    * 2008-11-04
\n    * \u4eca\u65e5\u665a\u5831<\/a>
\n    * \u3010\u6587\uff0f\u9ec3\u6d69\u69ae\u300a\u9060\u898b\u300b\u3011<\/p>\n

    \u9996\u5bcc\u9b45\u529b\u4e00\u53e5\u8a71\u3001\u4e00\u500b\u52d5\u4f5c\u5c31\u80fd\u8b93\u80a1\u50f9\u5927\u6f32\uff0c\u9023\u7f8e\u570b\u5169\u9ee8\u7e3d\u7d71\u5019\u9078\u4eba\u90fd\u627e\u4ed6\u51fa\u4efb\u4e0b\u4e00\u4efb\u8ca1\u9577<\/p>\n

    \u3000\u4eca\u5e74\u521d\u4ee5\u4f86\uff0c\u5f9e\u83ef\u723e\u8857\u9023\u5f80\u5167\u5e03\u62c9\u65af\u52a0\u5dde\u5967\u99ac\u54c8\uff08Omaha, Nebraska\uff09\u7684\u96fb\u8a71\u7dda\u8def\uff0c\u6eab\u5ea6\u59cb\u7d42\u71d9\u5f97\u5f88\u3002\u300c\u597d\uff0c\u63a5\u9032\u4f86\u5427\uff0c\u300d\u4e00\u982d\u83ef\u9aee\u7684\u8001\u4f2f\u56de\u7b54\u5b8c\u7955\u66f8\u7684\u554f\u984c\uff0c\u4e00\u908a\u5c07\u624b\u4e2d\u7684\u90a3\u628a\u5805\u679c\u5f80\u5634\u88e1\u9001\uff0c\u4e00\u908a\u7de9\u7de9\u653e\u4e0b\u8e7a\u5728\u8fa6\u516c\u684c\u4e0a\u7684\u96d9\u817f\u3002<\/p>\n

    \u3000\u4ed6\u8abf\u4e86\u4e00\u4e0b\u8932\u8170\u5e36\u7684\u4f4d\u7f6e\u3001\u597d\u8b93\u5145\u6eff\u809a\u91cf\u7684\u5c0f\u8179\u9b06\u6d3b\u9ede\uff0c\u518d\u8f15\u8f15\u632a\u958b\u684c\u4e0a\u7684\u6afb\u6843\u53ef\u6a02\u3001\u62ff\u8d77\u8a71\u7b52\uff1a\u300c\u5582\uff0c\u6211\u662f\u83ef\u502b\u3002\u300d<\/p>\n

    \u3000\u83ef\u502b\uff0e\u5df4\u83f2\u7279\uff08Warren Buffett\uff09\uff0c\u4e00\u500b\u5728\u5168\u4e16\u754c\u300c\u558a\u6c34\u6703\u7d50\u51cd\u300d\u7684\u540d\u5b57\uff0c\u73fe\u5e7478\u6b72\uff0c\u8655\u5973\u5ea7\u3002\u5f9e12\u6b72\u8cb7\u4e0b\u7b2c\u4e00\u5f35\u80a1\u7968\u958b\u59cb\uff0c\u7e31\u6a6b\u80a1\u6d7760\u591a\u5e74\uff0c\u500b\u4eba\u8ca1\u5bcc\u4e5f\u5b9b\u5982\u6efe\u96ea\u7403\u822c\u6108\u6efe\u6108\u5927\u3002<\/p>\n

    \u300052\u5e74\u524d\u51fa\u8cc7100\u7f8e\u5143\u8207\u89aa\u53cb\u7d44\u6210\u6295\u8cc7\u516c\u53f8\uff0c\u5982\u4eca\u63db\u5f97580\u5104\u7f8e\u5143\u7684\u5de8\u5bcc\uff0c\u4e0d\u50c5\u525b\u525b\u53d6\u4ee3\u597d\u53cb\u6bd4\u723e\uff0e\u84cb\u8332\uff08Bill Gates\uff09\u6210\u70ba\u5168\u7403\u9996\u5bcc\uff0c\u4e5f\u70ba\u4ed6\u8d0f\u5f97\u80a1\u795e\u3001\u5967\u99ac\u54c8\u795e\u8aed\u300d\uff08Omaha Oracle\uff09\u3001\u5967\u99ac\u54c8\u8056\u4eba\uff08Omaha Sage\uff09\u7b49\u5c01\u865f\u3002\u82f1\u8a9e\u4e16\u754c\u88e1\u5149\u662f\u4ee5\u4ed6\u70ba\u66f8\u540d\u7684\u66f8\uff0c\u5c31\u8d85\u904e180\u672c\u3002<\/p>\n

    \u3000\u300c\u544a\u8a34\u6211\u5011\uff0c\u4f60\u6703\u8003\u616e\u4ee5\u54ea\u7a2e\u65b9\u5f0f\u6295\u8cc7\u9ad8\u76db\uff08Goldman Sachs\uff09\uff0c\u516c\u53f8\u6703\u60f3\u8fa6\u6cd5\u4fc3\u6210\u4ea4\u6613\uff0c\u300d9\u6708\u4e0b\u65ec\u91d1\u878d\u6d77\u562f\u6a6b\u6383\u5168\u7403\uff0c\u591a\u5e74\u4f86\u610f\u6c23\u98a8\u767c\u7684\u9ad8\u76db\u5408\u5925\u4eba\u517c\u7e3d\u7d93\u7406\u5fb7\u7f85\u7279\uff08Byron Trott\uff09\u5728\u96fb\u8a71\u90a3\u982d\u7565\u986f\u6025\u4fc3\u7684\u8072\u97f3\uff0c\u900f\u9732\u8457\u5306\u5fd9\u8207\u7126\u616e\u3002<\/p>\n

    \u3000\u5e7e\u500b\u5c0f\u6642\u5f8c\uff0c\u9ad8\u76db\u6b63\u5f0f\u5c0d\u5916\u5ba3\u5e03\uff0c\u5df4\u83f2\u7279\u7684\u6ce2\u514b\u590f\u6d77\u745f\u5a01\u516c\u53f8\uff08Berkshire Hathaway Inc.\uff09\u5c07\u6295\u8cc7\u9ad8\u76db50\u5104\u7f8e\u5143\u3002\u80a1\u795e\u5165\u80a1\u9ad8\u76db\u7684\u6d88\u606f\u4e00\u51fa\uff0c\u9694\u5929\u7acb\u5373\u5e36\u52d5\u9ad8\u76db\u80a1\u50f9\u5927\u6f327.95\u7f8e\u5143\u3001\u81f3133\u7f8e\u5143\u3002<\/p>\n

    \u3000\u6ec4\u6d77\u6851\u7530\u300268\u5e74\u524d\uff0c\u525b\u6eff10\u6b72\u7684\u5c0f\u5df4\u83f2\u7279\u5728\u7236\u89aa\u7684\u5e36\u9818\u4e0b\uff0c\u524d\u5f80\u7d10\u7d04\u83ef\u723e\u8857\u53c3\u8a2a\u6b77\u53f2\u60a0\u4e45\u3001\u898f\u6a21\u5b8f\u5927\u7684\u9ad8\u76db\u6295\u8cc7\u9280\u884c\uff0c\u4e26\u8207\u7576\u6642\u4e3b\u4e8b\u8005\u6eab\u4f2f\u683c\uff08Sidney Weinberg\uff09\u5bd2\u6684\u4e86\u5e7e\u53e5\u3002\u8c48\u77e5\uff0c68\u5e74\u5f8c\uff0c\u5df4\u83f2\u7279\u7adf\u6210\u70ba\u633d\u6551\u9ad8\u76db\u7684\u91cd\u8981\u8235\u624b\u3002<\/p>\n

    \u3000\u751a\u81f3\u7f8e\u570b\u5169\u9ee8\u7e3d\u7d71\u5019\u9078\u4eba\u6b50\u5df4\u99ac\u3001\u9ea5\u80af\u4e5f\u4e0d\u7d04\u800c\u540c\u5730\u516c\u958b\u9080\u8acb\u5df4\u83f2\u7279\u51fa\u4efb\u4e0b\u4e00\u4efb\u8ca1\u653f\u90e8\u9577\uff0c\u4ee5\u633d\u6551\u91d1\u878d\u56f0\u5883\u3002<\/p>\n

    \u5929\u8ce6\u7570\u79c9\u5f9e\u5c0f\u6578\u5b78\u8207\u8a18\u61b6\u529b\u5c31\u904e\u4eba\uff0c\u71b1\u611b\u6a5f\u7387\u7684\u8a08\u7b97\uff0c\u958b\u5b78\u524d\u5c31\u628a\u8ab2\u672c\u5168\u90e8\u8b80\u5b8c<\/p>\n

    \u3000\u300c\u904e\u53bb40\u591a\u5e74\u4f86\uff0c\u5df4\u83f2\u7279\u7684\u6295\u8cc7\u7e3e\u6548\u4ee5\u76f8\u7576\u9a5a\u4eba\u7684\u5dee\u8ddd\uff0c\u9818\u5148\u7f8e\u570b\u80a1\u5e02\uff0c\u4e26\u4e14\u5f9e\u672a\u51fa\u73fe\u4e0d\u6b63\u7576\u7684\u98a8\u96aa\uff0c\u4e5f\u6c92\u4efb\u4f55\u4e00\u5e74\u51fa\u73fe\u8667\u640d\uff0c\u300d\u8457\u6709\u300a\u5df4\u83f2\u7279\uff1a\u4e00\u4f4d\u7f8e\u570b\u8cc7\u672c\u5bb6\u7684\u6210\u9577\u300b\u7684\u8cc7\u6df1\u91d1\u878d\u4f5c\u5bb6\u7f85\u5091\uff0e\u6d1b\u6587\u65af\u5766\uff08Roger Lowenstein\uff09\uff0c\u4e00\u8a9e\u4e2d\u7684\u8aaa\u660e\u4e86\u5df4\u83f2\u7279\u53d7\u4eba\u656c\u91cd\u7684\u539f\u56e0\u3002<\/p>\n

    \u3000\u5df4\u83f2\u7279\u5411\u4f86\u4ee5\u9078\u80a1\u7cbe\u6e96\u3001\u5831\u916c\u7387\u4f73\u3001\u9006\u4e2d\u6c42\u52dd\u805e\u540d\u3002\u904e\u53bb30\u5e74\u4f86\uff0c\u65d7\u4e0b\u6ce2\u514b\u590f\u516c\u53f8\u80a1\u7968\u7684\u6295\u8cc7\u5831\u916c\u7387\u5e73\u5747\u6bcf\u5e74\u8d85\u904e20\uff05\uff0c\u6bcf\u80a1\u5e02\u503c\u5f9e13\u7f8e\u5143\u4e0a\u63da\u81f310\u670817\u65e5\u768412\u842c\u7f8e\u5143\uff08\u76f8\u7576\u65bc\u53f0\u5e63400\u842c\uff09\uff0c\u662f\u5168\u7403\u6700\u6602\u8cb4\u7684\u80a1\u7968\u3002\u300c\u80a1\u795e\u300d\u7f8e\u8b7d\uff0c\u5be6\u81f3\u540d\u6b78\u3002<\/p>\n

    \u3000\u80a1\u795e\u7684\u50b3\u5947\u6210\u5c31\uff0c\u4e26\u975e\u6191\u7a7a\u5f97\u4f86\u3002\u8207\u7ba1\u7406\u5b78\u5927\u5e2b\u5f7c\u5f97\uff0e\u8056\u5409\uff08Peter Senge\uff09\u6240\u5f37\u8abf\u7684\u300c\u4fee\u7df4\u300d\u6982\u5ff5\u76f8\u4f3c\uff0c\u5df4\u83f2\u7279\u662f\u900f\u904e\u4ed6\u500b\u4eba\u7684\u7368\u7279\u5929\u8ce6\u52a0\u4e0a\u5f8c\u5929\u7684\u7a2e\u7a2e\u4fee\u7df4\uff0c\u4ee5\u53ca\u5c0d\u9053\u5fb7\u7684\u91cd\u8996\u5f9e\u800c\u6210\u529f\u3002<\/p>\n

    \u3000\u512a\u7570\u5091\u51fa\u7684\u6578\u5b78\u80fd\u529b\uff0c\u6b63\u662f\u5df4\u83f2\u7279\u5929\u8ce6\u7570\u79c9\u7684\u597d\u6839\u57fa\u30021930\u5e74\u51fa\u751f\u7684\u5df4\u83f2\u7279\uff0c\u5f9e\u5c0f\u4fbf\u907a\u50b3\u6bcd\u89aa\u7684\u6578\u5b78\u5929\u5206\uff0c\u5c0d\u6578\u5b57\u62b1\u6709\u9ad8\u5ea6\u8208\u8da3\uff0c\u8166\u5b50\u88e1\u7121\u6642\u7121\u523b\u90fd\u5728\u60f3\u8457\u6578\u5b57\u3002<\/p>\n

    \u3000\u4ed6\u5c24\u5176\u71b1\u611b\u6a5f\u7387\u7684\u8a08\u7b97\uff0c\u751a\u81f3\u9084\u7814\u7a76\u6bcf\u500b\u82f1\u6587\u5b57\u6bcd\u5728\u300a\u8056\u7d93\u300b\u548c\u5831\u7d19\u4e0a\u51fa\u73fe\u7684\u983b\u7387\u3002\u5f9e\u90a3\u6642\u8d77\uff0c\u4ed6\u4fbf\u5b78\u6703\u8490\u96c6\u5927\u91cf\u7684\u8cc7\u6599\uff0c\u4f86\u8a08\u7b97\u5404\u7a2e\u6a5f\u7387\uff0c\u4e5f\u5960\u5b9a\u4ed6\u5c07\u4f86\u5206\u6790\u6295\u8cc7\u5c0d\u8c61\u7684\u57fa\u790e\u3002\u4e00\u76ee\u5341\u884c\u3001\u904e\u76ee\u4e0d\u5fd8\u7684\u8a18\u61b6\u529b\uff0c\u66f4\u662f\u5df4\u83f2\u7279\u4ee4\u4eba\u96e3\u671b\u9805\u80cc\u7684\u7368\u7279\u80fd\u529b\u3002<\/p>\n

    \u3000\u5c0f\u5b78\u4e94\u5e74\u7d1a\u90a3\u5e74\uff0c\u5df4\u83f2\u7279\u5f97\u5230\u4e861939\u5e74\u7248\u300a\u4e16\u754c\u5e74\u9451\u300b\u9019\u672c\u66f8\uff0c\u4ed6\u99ac\u4e0a\u5c07\u9019\u672c\u66f8\u5167\u5bb9\u901a\u8b80\uff0c\u751a\u81f3\u9084\u4e00\u4e00\u80cc\u4e0b\u6bcf\u500b\u57ce\u5e02\u7684\u4eba\u53e3\u6578\uff0c\u4e26\u4e14\u548c\u670b\u53cb\u7af6\u8cfd\uff0c\u770b\u8ab0\u80fd\u5c07\u4eba\u53e3\u8d85\u904e100\u842c\u7684\u90fd\u5e02\u5168\u90e8\u80cc\u51fa\u3002<\/p>\n

    \u300017\u6b72\u9032\u5165\u8cd3\u5dde\u5927\u5b78\u83ef\u9813\u5546\u5b78\u9662\u5c31\u8b80\u5f8c\uff0c\u5ba4\u53cb\u7e3d\u662f\u770b\u4ed6\u4e0d\u592a\u9806\u773c\u3002\u4e00\u65b9\u9762\u662f\u7531\u65bc\u4ed6\u751f\u6d3b\u7fd2\u6163\u7684\u5109\u6a38\u908b\u9062\uff0c\u53e6\u65b9\u9762\u5247\u56e0\u70ba\u4ed6\u7e3d\u662f\u5728\u5b78\u671f\u525b\u958b\u59cb\u5c31\u80fd\u628a\u8ab2\u672c\u5168\u90e8\u8b80\u5b8c\uff0c\u8f15\u8f15\u9b06\u9b06\u5730\u6210\u529f\u61c9\u4ed8\u8ab2\u696d\u3002<\/p>\n

    \u9319\u9296\u5fc5\u8f03\u5df4\u83f2\u7279\u5f9e\u5c0f\u5c31\u71b1\u611b\u91d1\u9322\uff0c\u5982\u679c\u671b\u8457\u5317\u6597\u4e03\u661f\uff0c\u4ed6\u770b\u898b\u7684\u6703\u662f\u4e00\u500b\u9322\u7684\u7b26\u865f<\/p>\n

    \u3000\u4eca\u5929\u7684\u5df4\u83f2\u7279\u540d\u6eff\u5168\u7403\uff0c\u7d66\u4eba\u6148\u7965\u548c\u85f9\u3001\u6177\u6168\u89e3\u56ca\u7684\u6148\u5584\u5bb6\u5f62\u8c61\u3002\u4f46\u5e7e\u5341\u5e74\u524d\u7684\u80a1\u795e\u537b\u4e5f\u66fe\u662f\u500b\u611b\u9322\u5982\u547d\u3001\u500b\u6027\u53db\u9006\u7684\u554f\u984c\u5c11\u5e74\u3002<\/p>\n

    \u3000\u71b1\u611b\u91d1\u9322\uff0c\u53ef\u8aaa\u662f\u5df4\u83f2\u7279\u7684\u5929\u6027\uff0c\u4ed6\u751a\u81f3\u4e00\u5ea6\u8acb\u592a\u592a\u8607\u73ca\uff08Susan Buffett\uff09\u7528\u7f8e\u9214\u5716\u6848\u7684\u58c1\u7d19\u8cbc\u6eff\u6574\u500b\u8fa6\u516c\u5ba4\u3002\u56e0\u70ba\u4ed6\u76f8\u4fe1\u300c\u9322\u53ef\u4ee5\u8b93\u6211\u7368\u7acb\uff0c\u7136\u5f8c\u6211\u5c31\u53ef\u4ee5\u505a\u4efb\u4f55\u6211\u60f3\u505a\u7684\u4e8b\u3002\u300d<\/p>\n

    \u3000\u5176\u5be6\uff0c\u5df4\u83f2\u7279\u5c0f\u6642\u5019\u5bb6\u5883\u96d6\u4e0d\u7b97\u5bcc\u88d5\uff0c\u537b\u4e5f\u8863\u98df\u7121\u865e\u3002\u4f46\u5df4\u83f2\u7279\u5f9e\u5c0f\u4fbf\u559c\u6b61\u8cfa\u9322\uff0c\u81ea\u516d\u6b72\u90a3\u5e74\u515c\u552e\u53e3\u9999\u7cd6\u3001\u53ef\u6a02\u958b\u59cb\uff0c\u4ed6\u4fbf\u4e0d\u65b7\u767c\u6398\u5404\u7a2e\u53ef\u80fd\u8cfa\u9322\u7684\u5de5\u4f5c\u4f86\u7d2f\u7a4d\u8ca1\u5bcc\u3002\u52a0\u4e0a\u9319\u9296\u5fc5\u8f03\u7684\u500b\u6027\uff0c\u4e0d\u50c5\u8b93\u4ed6\u572826\u6b72\u4fbf\u7d2f\u7a4d\u4e8617\u842c\u7f8e\u5143\u7684\u8ca1\u7522\uff0c\u4e5f\u8b93\u4ed6\u8eab\u908a\u7030\u6f2b\u4e0d\u5c11\u6709\u8da3\u7684\u50b3\u805e\uff0c\u5982\u300c\u4e0d\u8cb7\u5b30\u5152\u5e8a\uff0c\u8b93\u525b\u51fa\u751f\u7684\u5973\u5152\u7761\u5728\u62bd\u5c5c\u505a\u7684\u4ee3\u7528\u5e8a\u300d\u300c\u5728\u7d10\u7d04\u5ee3\u5834\u98ef\u5e97\uff08Plaza Hotel\uff09\u9577\u671f\u79df\u7528\u4e00\u9593\u6c92\u6709\u7a97\u6236\u7684\u5ec9\u50f9\u5c0f\u623f\u9593\u300d\u300c\u5e36\u5b69\u5b50\u770b\u96fb\u5f71\u537b\u4e0d\u9858\u4ed8\u7206\u7c73\u82b1\u7684\u9322\u300d\u7b49\u3002<\/p>\n

    \u3000\u300c\u5df4\u83f2\u7279\u5982\u679c\u671b\u8457\u5317\u6597\u4e03\u661f\uff0c\u4ed6\u770b\u898b\u7684\u6703\u662f\u4e00\u500b\u9322\u7684\u7b26\u865f\uff0c\u300d\u300a\u96ea\u7403\u300b\u4f5c\u8005\u611b\u9e97\u7d72\uff0e\u65bd\u6d1b\u5fb7\uff08Alice Schroeder\uff09\u6253\u8da3\u5730\u8aaa\u3002<\/p>\n

    \u53db\u9006\u9752\u6625\u4ee5\u5404\u7a2e\u6975\u7aef\u7684\u65b9\u5f0f\u4f86\u8b49\u660e\u81ea\u5df1\uff0c\u5077\u7aca\u3001\u8aaa\u8b0a\u3001\u60e1\u4f5c\u5287……\uff0c\u5e74\u8f15\u7684\u5df4\u83f2\u7279\u6a23\u6a23\u90fd\u4f86<\/p>\n

    \u3000\u4e2d\u5b78\u6642\u671f\u7684\u5c11\u5e74\u5df4\u83f2\u7279\uff0c\u7a4d\u6975\u9001\u5831\u7d19\u8cfa\u9322\u4e4b\u5916\uff0c\u4e5f\u6e34\u671b\u7372\u5f97\u540c\u5115\u7684\u91cd\u8996\u8207\u559c\u6b61\u3002\u4f46\u662f\uff0c\u9664\u4e86\u5728\u6578\u5b78\u8ab2\u4e0a\u53ef\u4ee5\u5c55\u73fe\u4ed6\u5c0d\u6578\u5b57\u7684\u51fa\u773e\u624d\u83ef\u5916\uff0c\u5167\u5411\u7684\u5df4\u83f2\u7279\u59cb\u7d42\u627e\u4e0d\u5230\u4e00\u500b\u62d3\u5c55\u4eba\u969b\u95dc\u4fc2\u7684\u597d\u65b9\u6cd5\u3002<\/p>\n

    \u3000\u52a0\u4e0a\u6b63\u9022\u9752\u6625\u671f\u7684\u53db\u9006\uff0c\u5df4\u83f2\u7279\u958b\u59cb\u4ee5\u5404\u7a2e\u6975\u7aef\u7684\u65b9\u6cd5\u4f86\u8b49\u5be6\u81ea\u5df1\u3001\u5e0c\u671b\u7372\u5f97\u5927\u5bb6\u91cd\u8996\u3002\u5077\u7aca\u3001\u8aaa\u8b0a\u3001\u60e1\u4f5c\u5287\u8b93\u540c\u5b78\u8d64\u88f8\u6e38\u5165\u9ad8\u723e\u592b\u7403\u5834\u6c60\u5858\u88e1\u7b49\uff0c\u5df4\u83f2\u7279\u6a23\u6a23\u90fd\u4f86\uff0c\u4f46\u662f\uff0c\u4ed6\u5c0d\u9019\u4e9b\u60e1\u884c\u4e5f\u59cb\u7d42\u803f\u803f\u65bc\u61f7\u30021946\u5e74\u90a3\u5e74\uff0c\u8f49\u6a5f\u964d\u81e8\u4e86\u3002<\/p>\n

    \u3000\u5df4\u83f2\u7279\u5728\u5967\u99ac\u54c8\u7684\u7956\u7236\u5bb6\u88e1\uff0c\u7121\u610f\u9593\u627e\u5230\u4e86\u300a\u5361\u5167\u57fa\u6e9d\u901a\u8207\u4eba\u969b\u95dc\u4fc2\u300b\u4e00\u66f8\u3002\u66f8\u4e0a\u958b\u5b97\u660e\u7fa9\u4fbf\u8b1b\uff0c\u9019\u672c\u66f8\u6703\u5e6b\u52a9\u4f60\u300c\u5f88\u5feb\u3001\u800c\u4e14\u5f88\u5bb9\u6613\u4ea4\u5230\u65b0\u670b\u53cb\u300d\u300c\u53d7\u4eba\u6b61\u8fce\u300d\u300c\u589e\u52a0\u4f60\u7684\u5f71\u97ff\u529b\u3001\u8aaa\u670d\u529b\u548c\u5b8c\u6210\u4e8b\u7269\u7684\u80fd\u529b\u300d\u3002\u5df4\u83f2\u7279\u5982\u7372\u81f3\u5bf6\uff0c\u5f77\u5f7f\u627e\u5230\u6253\u901a\u4efb\u7763\u4e8c\u8108\u7684\u90a3\u672c\u4fee\u7df4\u7955\u7b08\u3002<\/p>\n

    \u3000\u4ed6\u6f5b\u5fc3\u95b1\u8b80\u4e26\u5728\u751f\u6d3b\u88e1\u5be6\u8e10\u3001\u9a57\u8b49\u5361\u5167\u57fa\u7684\u8ad6\u9ede\u3002\u4ed6\u8208\u596e\u5730\u767c\u73fe\u5361\u5167\u57fa\u8b1b\u7684\u6771\u897f\u662f\u5c0d\u7684\u3002\u4ed6\u5f85\u4eba\u771f\u8aa0\u3001\u8207\u4eba\u70ba\u5584\uff0c\u6108\u4f86\u6108\u591a\u4eba\u559c\u6b61\u8ddf\u5df4\u83f2\u7279\u76f8\u8655\u3002\u6642\u81f3\u4eca\u65e5\uff0c\u5df4\u83f2\u7279\u4ecd\u5e38\u5c07\u9019\u5957\u5fc3\u6cd5\u61c9\u7528\u5728\u65e5\u5e38\u7684\u6295\u8cc7\u8207\u7d93\u71df\u7ba1\u7406\u3002\u3000\u300c\u5df4\u83f2\u7279\u6240\u505a\u7684\u4e00\u5207\uff0c\u5e7e\u4e4e\u662f\u4e00\u822c\u4eba\u90fd\u53ef\u4ee5\u6a21\u4eff\u5f97\u4f86\u7684\u3002\u4f46\u4ed6\u7684\u904e\u4eba\u4e4b\u8655\uff0c\u5c31\u5728\u65bc\u4ed6\u90a3\u8207\u773e\u4e0d\u540c\u7684\u5fc3\u6027\u7279\u8cea–\u8010\u5fc3\u3001\u81ea\u5f8b\u5167\u7701\u3001\u7406\u6027\uff0c\u300d\u8cc7\u6df1\u91d1\u878d\u4f5c\u5bb6\u6d1b\u6587\u65af\u5766\u5206\u6790\u9053\u3002\u7684\u78ba\uff0c\u5df4\u83f2\u7279\u5e7e\u4e4e\u5728\u5404\u65b9\u9762\u90fd\u6709\u4e86\u986f\u8457\u7684\u6539\u5584\uff0c\u552f\u7368\u611f\u60c5\u8207\u5bb6\u5ead\u59cb\u7d42\u662f\u500b\u4f8b\u5916\u3002<\/p>\n

    \u611f\u60c5\u4e16\u754c\u500b\u6027\u5167\u5411\u3001\u4e0d\u64c5\u8868\u9054\u611f\u60c5\uff0c\u4ea1\u59bb\u751f\u524d\u7167\u9867\u4ed6\u751f\u6d3b\u8d77\u5c45\uff0c\u59bb\u517c\u6bcd\u8077<\/p>\n

    \u3000\u6bcf\u7576\u8ac7\u8d77\u6295\u8cc7\uff0c\u5df4\u83f2\u7279\u7e3d\u662f\u5149\u8292\u56db\u5c04\uff0c\u5b9b\u82e5\u591c\u9593\u71c8\u5854\u5438\u5f15\u773e\u4eba\u76ee\u5149\u3001\u6307\u5f15\u65b9\u5411\uff1b\u4f46\u53ea\u8981\u4e00\u96e2\u958b\u6295\u8cc7\uff0c\u5df4\u83f2\u7279\u4fbf\u9eef\u6de1\u7121\u5149\u3001\u6c89\u9ed8\u5be1\u8a00\uff0c\u5b9b\u82e5\u745f\u7e2e\u6a39\u68a2\u4e0a\u7684\u8c93\u982d\u9df9\uff0c\u975c\u975c\u89c0\u671b\u6a39\u4e0b\u4eba\u5011\u7684\u4e00\u8209\u4e00\u52d5\u3002<\/p>\n

    \u3000\u500b\u6027\u5167\u5411\u7684\u5df4\u83f2\u7279\uff0c\u5c0d\u65bc\u7537\u5973\u9593\u7684\u60c5\u611f\u4e00\u5411\u4e0d\u64c5\u8868\u9054\u3002\u300a\u96ea\u7403\u300b\u66f8\u4e2d\u63d0\u53ca\uff0c\u9ad8\u4e2d\u6642\u7684\u5df4\u83f2\u7279\u66fe\u8207\u4e00\u540d\u9eb5\u5305\u5e97\u8001\u95c6\u5973\u5152\u7d04\u6703\uff0c\u4f46\u5169\u4eba\u8d70\u5728\u8857\u4e0a\uff0c\u300c\u5c31\u50cf\u5728\u6bd4\u8cfd\u770b\u8ab0\u6bd4\u8f03\u5bb3\u7f9e\uff0c\u5169\u500b\u4eba\u5c37\u5c2c\u5730\u5728\u8cbb\u57ce\u5e02\u5340\u6563\u6b65\uff0c\u4e00\u53e5\u8a71\u4e5f\u6c92\u8aaa\u3002\u300d<\/p>\n

    \u3000\u6216\u8a31\u662f\u5c07\u5168\u8eab\u5fc3\u529b\u8cab\u6ce8\u5728\u6295\u8cc7\u4e0a\u4e86\uff0c\u6295\u8cc7\u4ee5\u5916\u7684\u5df4\u83f2\u7279\uff0c\u5e7e\u4e4e\u50cf\u500b\u8001\u5c0f\u5b69\uff0c\u5c0d\u5bb6\u5ead\u751f\u6d3b\u76f8\u7576\u758f\u9060\u3002\u670b\u53cb\u751a\u81f3\u66fe\u5c0d\u5df4\u83f2\u7279\u8aaa\uff0c\u300c\u90a3\u908a\u7684\u4e09\u500b\u5c0f\u670b\u53cb\uff0c\u662f\u4f60\u7684\u5c0f\u5b69\u3002\u9084\u8a8d\u5f97\u55ce\uff1f\u300d<\/p>\n

    \u3000\u65bc\u662f\uff0c\u5df2\u904e\u4e16\u7684\u7b2c\u4e00\u4efb\u592a\u592a\u8607\u73ca\u4fbf\u64d4\u8ca0\u8d77\u7167\u9867\u5df4\u83f2\u7279\u751f\u6d3b\u7684\u5927\u4efb\u3002\u8607\u73ca\u5927\u65b9\u3001\u71b1\u60c5\u3001\u5916\u5411\uff0c\u71b1\u4e2d\u516c\u5171\u8207\u6148\u5584\u4e8b\u52d9\uff0c\u4f46\u5c0d\u65bc\u5148\u751f\u773c\u4e2d\u53ea\u6709\u61c2\u6295\u8cc7\u7684\u500b\u6027\uff0c\u5979\u76e1\u529b\u4e88\u4ee5\u6700\u5927\u5305\u5bb9\u3002<\/p>\n

    \u3000\u670b\u53cb\u5e38\u8aaa\u8607\u73ca\u5728\u5bb6\u8981\u7167\u9867\u56db\u500b\u5c0f\u5b69\uff08\u4e09\u500b\u5c0f\u5b69\u52a0\u4e0a\u5df4\u83f2\u7279\uff09\uff0c\u5979\u8981\u70ba\u5df4\u83f2\u7279\u6253\u7406\u8863\u670d\u3001\u7a7f\u8863\u670d\u751a\u81f3\u526a\u982d\u9aee–\u56e0\u70ba\u5df4\u83f2\u7279\u6015\u4e0a\u7406\u9aee\u5ef3\u3002<\/p>\n

    \u3000\u5df4\u83f2\u7279\u5176\u5be6\u76f8\u7576\u71b1\u611b\u8607\u73ca\uff0c\u4e0d\u6642\u5728\u516c\u958b\u5834\u5408\u64c1\u62b1\u5979\u3001\u7a31\u8b9a\u5979\u662f\u500b\u597d\u592a\u592a\u30022004\u5e74\u8607\u73ca\u904e\u4e16\uff0c\u4e5f\u4fc3\u4f7f\u5df4\u83f2\u7279\u5728\u5169\u5e74\u5f8c\uff0c\u6c7a\u5b9a\u5c07\u81ea\u5df1\u8ca1\u5bcc\u768485\uff05\u6350\u505a\u6148\u5584\uff08\u7576\u6642\u76f8\u7576\u65bc370\u5104\u7f8e\u5143\uff09\uff0c\u5275\u4e0b\u5168\u7403\u53f2\u4e0a\u6700\u591a\u91d1\u984d\u7684\u4e00\u6b21\u6148\u5584\u6350\u6b3e\u3002<\/p>\n

    \u6295\u8cc7\u5927\u5e2b\u80a1\u738b\u6ce2\u514b\u590f\u66fe\u8667\u640d\u7d2f\u7d2f\uff0c\u6210\u70ba\u5fc3\u4e2d\u7684\u75db\uff0c\u76f4\u5230\u4ed6\u65bd\u5c55\u6295\u8cc7\u9b54\u6cd5\u8853\u624d\u6276\u6416\u76f4\u4e0a<\/p>\n

    \u30005\u67083\u65e5\u51cc\u66684\u9ede\uff0c\u5967\u99ac\u54c8\u7684\u5929\u7a7a\u9084\u6c89\u7761\u8457\u3002\u4f46\u5929\u7a7a\u4e0b\u7684\u594e\u65af\u7279\u4e2d\u5fc3\uff08Qwest Center\uff09\u9ad4\u80b2\u9928\u9580\u524d\uff0c\u5df2\u7d93\u51fa\u73fe\u6392\u968a\u6f6e\u3002<\/p>\n

    \u3000\u4ed6\u5011\u662f\u70ba\u4e86\u4e00\u5e74\u4e00\u5ea6\u7684\u6ce2\u514b\u590f\u80a1\u6771\u5927\u6703\u3002\u6bcf\u5e74\u53ea\u6709\u4eca\u5929\uff0c\u624d\u80fd\u89aa\u773c\u898b\u5230\u80a1\u795e\u8207\u4ed6\u7684\u597d\u642d\u6a94\u3001\u6ce2\u514b\u590f\u8463\u4e8b\u6703\u526f\u4e3b\u5e2d\u67e5\u7406\uff0e\u5b5f\u683c\uff08Charlie Munger\uff09\u806f\u624b\uff0c\u5c0d\u5168\u58343\u842c1000\u591a\u540d\u80a1\u6771\u9032\u884c\u9762\u5c0d\u9762\u7684\u6e9d\u901a\u3002<\/p>\n

    \u3000\u6ce2\u514b\u590f\uff0c\u9019\u6a94\u5168\u7403\u7121\u4eba\u5339\u6575\u7684\u80a1\u738b\uff0c\u662f\u5df4\u83f2\u7279\u7562\u751f\u6700\u5091\u51fa\u7684\u9a55\u50b2\uff0c\u537b\u4e5f\u66fe\u662f\u4ed6\u5fc3\u4e2d\u7684\u75db\u3002<\/p>\n

    \u30001965\u5e74\uff0c\u7576\u6642\u7684\u5df4\u83f2\u7279\u4ecd\u6548\u4eff\u8457\u6069\u5e2b\u845b\u62c9\u6f22\uff08Benjamin Graham\uff09\u7684\u300c\u64bf\u96ea\u8304\u5c41\u80a1\u300d\uff08cigar butts\uff09\u54f2\u5b78\uff0c\u6574\u5929\u5f9e\u6295\u8cc7\u624b\u518a\u4e0a\u5c0b\u627e\u80a1\u50f9\u9060\u4f4e\u65bc\u516c\u53f8\u50f9\u503c\u7684\u5c0f\u516c\u53f8\u9032\u884c\u6295\u8cc7\u3002\u7d93\u7531\u670b\u53cb\u5efa\u8b70\uff0c\u4ed6\u6253\u7b97\u6536\u8cfc\u6ce2\u514b\u590f\u9019\u5bb6\u7d21\u7e54\u516c\u53f8\u3002<\/p>\n

    \u3000\u5728\u4ea4\u6613\u904e\u7a0b\u4e2d\uff0c\u5df4\u83f2\u7279\u539f\u672c\u6709\u610f\u653e\u68c4\u6536\u8cfc\u3001\u5c07\u80a1\u7968\u8ce3\u56de\u6ce2\u514b\u590f\uff0c\u4f46\u537b\u88ab\u5c0d\u65b9\u5728\u6700\u5f8c\u4e00\u523b\u81e8\u6642\u58d3\u4f4e\u6536\u8cfc\u50f9\u683c\u7684\u8209\u52d5\u6240\u6fc0\u6012\u3002\u5df4\u83f2\u7279\u4e00\u6c23\u4e4b\u4e0b\uff0c\u6c7a\u5fc3\u5f81\u670d\u6ce2\u514b\u590f\u3002<\/p>\n

    \u3000\u4ed6\u6210\u529f\u4e86\uff0c\u4f46\u537b\u6c92\u56e0\u6b64\u5feb\u6a02\u3002\u56e0\u70ba\u7576\u6642\u7f8e\u570b\u5317\u65b9\u7684\u7d21\u7e54\u696d\u7531\u65bc\u751f\u7522\u6210\u672c\u592a\u9ad8\uff0c\u5931\u53bb\u4e86\u5e02\u5834\u9752\u775e\uff0c\u5c0e\u81f4\u6ce2\u514b\u590f\u8667\u640d\u4e0d\u65b7\u3002<\/p>\n

    \u3000\u5df4\u83f2\u7279\u6c7a\u5b9a\u904b\u7528\u6ce2\u514b\u590f\u7684\u8cc7\u91d1\u9032\u884c\u6295\u8cc7\uff0c\u4ed6\u9996\u5148\u6536\u8cfc\u4e00\u5bb6\u4fdd\u96aa\u516c\u53f8\uff0c\u70ba\u81ea\u5df1\u53d6\u5f97\u66f4\u591a\u6d6e\u52d5\u8cc7\u91d1\u505a\u70ba\u6295\u8cc7\u7c4c\u78bc\u3002<\/p>\n

    \u3000\u63a5\u8457\uff0c\u80a1\u795e\u4fbf\u983b\u983b\u65bd\u5c55\u4ed6\u90a3\u4ee4\u4eba\u6b4e\u70ba\u89c0\u6b62\u7684\u9078\u80a1\u6cd5\u8853\uff0c\u9678\u7e8c\u5728\u5e02\u5834\u4f4e\u9ede\u8cfc\u9032\u300a\u83ef\u76db\u9813\u90f5\u5831\u300b\u3001\u7f8e\u570b\u5ee3\u64ad\u96fb\u8996\u516c\u53f8\u3001\u53ef\u53e3\u53ef\u6a02\u3001\u5409\u5217\u522e\u9b0d\u5200\u3001\u5bcc\u570b\u9280\u884c\u7b49\u77e5\u540d\u516c\u53f8\u80a1\u7968\uff0c\u52a0\u4e0a\u539f\u6709\u7684\u7f8e\u570b\u904b\u901a\uff0c\u5df4\u83f2\u7279\u9577\u671f\u6efe\u96ea\u7403\u7684\u7b56\u7565\uff0c\u6210\u529f\u70ba\u6ce2\u514b\u590f\u8cfa\u9032\u5927\u7b46\u8ca1\u5bcc\u3002<\/p>\n

    \u3000\u6ce2\u514b\u590f\u5728\u80a1\u795e\u7684\u6cd5\u8853\u4e0b\u8d77\u6b7b\u56de\u751f\uff0c\u80a1\u50f9\u6276\u6416\u76f4\u4e0a\uff0c\u4e00\u5ea6\u903c\u8fd1\u6bcf\u80a115\u842c\u7f8e\u5143\uff08\u7d04\u65b0\u53f0\u5e63500\u842c\uff09\u7684\u6b77\u53f2\u5929\u50f9\uff0c\u70ba\u4eba\u985e\u6295\u8cc7\u53f2\u4e0a\u5beb\u4e0b\u4e00\u9801\u7480\u74a8\u50b3\u5947\u3002<\/p>\n

    \u6295\u8cc7\u5fc3\u6cd5\u9996\u91cd\u9053\u5fb7\uff0c\u56e0\u70ba\u9ad8\u9053\u5fb7\u7684\u597d\u4fe1\u8b7d\uff0c\u80fd\u5e36\u7d66\u6295\u8cc7\u4eba\u5b89\u5b9a\u7684\u4fe1\u5fc3<\/p>\n

    \u3000\u6ce2\u514b\u590f\u80a1\u50f9\u300c\u9a5a\u70ba\u5929\u4eba\u300d\uff0c\u70ba\u4f55\u9084\u80fd\u5438\u5f15\u5168\u7403\u9019\u9ebc\u591a\u6295\u8cc7\u4eba\u8702\u64c1\u8ffd\u96a8\uff1f\u300c\u4ed6\u88ab\u8a8d\u70ba\u662f\u7576\u4eca\u6700\u8070\u660e\u7684\u6295\u8cc7\u4eba\u3001\u6700\u6709\u9053\u5fb7\u611f\u7684\u751f\u610f\u4eba\uff0c\u300d\u8cc7\u6df1\u91d1\u878d\u4f5c\u5bb6\u85cd\u8fea\uff0e\u5361\u666e\u5951\uff08Randy Cepuch\uff09\u8aaa\u3002<\/p>\n

    \u3000\u300a\u83ef\u723e\u8857\u65e5\u5831\u300b\u5831\u5c0e\uff0c\u7576\u9ad8\u76db\u5c0b\u6c42\u5df4\u83f2\u7279\u91d1\u63f4\u6642\uff0c\u8003\u91cf\u7684\u6b63\u662f\u5df4\u83f2\u7279\u300c\u9053\u5fb7\u9ad8\u5c1a\u7684\u826f\u597d\u8072\u8b7d\u5f88\u53ef\u80fd\u6703\u7d66\u6295\u8cc7\u5927\u773e\u5e36\u4f86\u4ed6\u5011\u9700\u8981\u7684\u5b9a\u5fc3\u4e38\u3002\u300d\u7136\u800c\uff0c\u5df4\u83f2\u7279\u4e00\u518d\u5f37\u8abf\u3001\u4e26\u4e00\u518d\u8eab\u9ad4\u529b\u884c\u7684\u4e00\u9805\u7c21\u55ae\u800c\u6839\u672c\u7684\u6295\u8cc7\u54f2\u5b78\uff0c\u537b\u7d93\u5e38\u906d\u53d7\u5ffd\u7565–\u90a3\u5c31\u662f\u300c\u9053\u5fb7\u300d\u3002<\/p>\n

    \u3000\u5df4\u83f2\u7279\u63a5\u53d7\u65bd\u6d1b\u5fb7\u5c08\u8a2a\u6642\u66fe\u8868\u793a\uff0c\u300c\u5df4\u723e\u624e\u514b\uff08Honore de Balzac\uff0c\u6cd5\u570b\u6587\u5b78\u5bb6\uff09\u8aaa\u904e\uff0c\u6bcf\u7b46\u8ca1\u5bcc\u5f8c\u9762\u90fd\u6709\u7f6a\u60e1\uff0c\u4f46\u9019\u4e0d\u9069\u7528\u65bc\u6ce2\u514b\u590f\u3002\u300d\u3000\u4e8b\u5be6\u4e0a\uff0c\u5df4\u83f2\u7279\u7684\u7236\u89aa\u65e9\u5e74\u4fbf\u70ba\u4ed6\u5728\u9053\u5fb7\u4e0a\u7559\u4e0b\u597d\u699c\u6a23\u3002\u970d\u83ef\uff0e\u5df4\u83f2\u7279\u662f\u4f4d\u8b1b\u7a76\u8aa0\u4fe1\u7684\u5238\u5546\uff0c\u500b\u6027\u525b\u6b63\u4e0d\u963f\uff0c\u5c0d\u793e\u6703\u6709\u5f37\u70c8\u4f7f\u547d\u611f\u3002\u5f8c\u4f86\u7372\u9078\u70ba\u773e\u8b70\u54e1\u9032\u5165\u570b\u6703\uff0c\u4f46\u7531\u65bc\u5805\u62d2\u7d50\u9ee8\u71df\u79c1\u6216\u5229\u76ca\u8f38\u9001\uff0c\u56e0\u6b64\u6210\u70ba\u570b\u6703\u88e1\u7684\u300c\u7368\u884c\u4fe0\u300d\u3002\u4f46\u4ed6\u59cb\u7d42\u4e0d\u4ee5\u70ba\u610f\uff0c\u9ed8\u9ed8\u70ba\u4e86\u5dde\u6c11\uff0c\u70ba\u4e86\u7406\u60f3\u8f9b\u52e4\u5de5\u4f5c\u3002\u5df4\u83f2\u7279\u76f8\u7576\u611f\u8b1d\u7236\u89aa\u7d66\u4ed6\u7684\u56b4\u8b39\u8eab\u6559\u3002<\/p>\n

    \u4e2d\u83ef\u7d93\u6fdf\u7814\u7a76\u9662\u7814\u7a76\u54e1\u5433\u60e0\u6797\u8a8d\u70ba\uff0c\u6295\u8cc7\u8005\u5982\u679c\u91cd\u8996\u9053\u5fb7\uff0c\u5c31\u6703\u300c\u8b1b\u8aa0\u4fe1\u3001\u8b1b\u4fe1\u7528\u3002\u5927\u5bb6\u90fd\u8b1b\u4fe1\u7528\uff0c\u5f7c\u6b64\u4ea4\u6613\u7684\u98a8\u96aa\u8207\u6210\u672c\u5c31\u53ef\u4ee5\u9032\u4e00\u6b65\u964d\u4f4e\u3002\u300d\u3000\u7531\u65bc\u5c0d\u9053\u5fb7\u548c\u793e\u6703\u4f7f\u547d\u611f\u7684\u91cd\u8996\uff0c\u5df4\u83f2\u7279\u5411\u4f86\u8b39\u614e\u9078\u80a1\uff0c\u4e0d\u8cb7\u4e0d\u719f\u6089\uff08\u5982\u7db2\u8def\u79d1\u6280\u696d\uff09\u6216\u4e0d\u6b63\u6d3e\u7684\u4f01\u696d\uff08\u5982\u535a\u5955\u7522\u696d\uff09\uff0c\u53ea\u6311\u9078\u9ad4\u8cea\u5065\u5168\u3001\u4f46\u80a1\u50f9\u6b63\u597d\u5927\u5e45\u4f4e\u65bc\u516c\u53f8\u50f9\u503c\u7684\u6642\u6a5f\u9032\u5834\u627f\u63a5\uff0c\u4e26\u9577\u671f\u6301\u80a1\u3002<\/p>\n

    \u3000\u9019\u4e5f\u6b63\u662f\u4ed6\u70ba\u4eba\u7a31\u9053\u7684\u300c\u50f9\u503c\u6295\u8cc7\u300d\u7b56\u7565\uff1a\u4e0d\u96a8\u80a1\u50f9\u9ad8\u4f4e\u53bb\u8ffd\u9ad8\u6bba\u4f4e\uff0c\u800c\u662f\u4ee5\u516c\u53f8\u7684\u50f9\u503c\u9ad8\u4f4e\u70ba\u5224\u6e96\uff0c\u4e26\u614e\u9078\u9032\u5834\u6642\u6a5f\u3002<\/p>\n

    \u5371\u6a5f\u5165\u5e02\u5f97\u529b\u65bc\u5361\u5167\u57fa\u8a13\u7df4\uff0c\u7df4\u5c31\u5805\u5fcd\u51b7\u975c\u800c\u5468\u5ef6\u5236\u52dd\u672c\u9818\uff0c\u96a8\u6642\u6e96\u5099\u597d\uff0c\u9081\u5411\u53e6\u4e00\u500b\u6210\u529f<\/p>\n

    \u3000\u300c\u5225\u4eba\u8caa\u5a6a\u6642\uff0c\u6211\u5011\u5c31\u8981\u6050\u61fc\uff1b\u5225\u4eba\u6050\u61fc\u6642\uff0c\u6211\u5011\u5c31\u8981\u8caa\u5a6a\uff0c\u300d\u5df4\u83f2\u7279\u6642\u5e38\u639b\u5728\u5634\u908a\u7684\u7d93\u5178\u540d\u8a00\uff0c\u5c0d\u8a31\u591a\u4eba\u4f86\u8aaa\uff0c\u5f80\u5f80\u77e5\u6613\u884c\u96e3\u3002\u4f46\u80a1\u795e\u4e4b\u6240\u4ee5\u80fd\u795e\uff0c\u5c31\u662f\u56e0\u70ba\u4ed6\u80fd\u8aaa\u5230\u505a\u5230\u3002<\/p>\n

    \u30002000\u5e74\u7684\u80a1\u6771\u6703\uff0c\u662f\u5df4\u83f2\u7279\u548c\u5b5f\u683c\u6700\u96e3\u71ac\u7684\u4e00\u6b21\u3002\u5728\u7db2\u8def\u6ce1\u6cab\u5316\u524d\uff0c\u6ce2\u514b\u590f\u7684\u300c\u98df\u53e4\u4e0d\u5316\u300d\uff0c\u62db\u81f4\u80a1\u6771\u5011\u7832\u8f5f\u9023\u9023\u3002<\/p>\n

    \u3000\u5c31\u9023\u300a\u83ef\u723e\u8857\u65e5\u5831\u300b\u7b49\u5a92\u9ad4\uff0c\u4e5f\u90fd\u6709\u6587\u7ae0\u6316\u82e6\u6216\u6279\u8a55\u4ed6\u4e0d\u8cb7\u79d1\u6280\u80a1\u3002\u751a\u81f3\u7db2\u8def\u4e0a\u9084\u4e00\u5ea6\u8b20\u50b3\uff0c\u5df4\u83f2\u7279\u5e74\u8001\u9ad4\u8870\u3001\u5c07\u4e0d\u4e45\u4eba\u4e16\u3002<\/p>\n

    \u3000\u9762\u5c0d\u5982\u6b64\u9f90\u5927\u7684\u793e\u6703\u58d3\u529b\uff0c\u5df4\u83f2\u7279\u5168\u90e8\u5fcd\u4e0b\u4e86\u3002\u4ed6\u5805\u5b9a\u7684\u6295\u8cc7\u539f\u5247\u4e26\u672a\u56e0\u6b64\u52d5\u6416\uff0c\u4ed6\u5c0d\u7db2\u8def\u79d1\u6280\u80a1\u904e\u9ad8\u7684\u672c\u76ca\u6bd4\u8207\u904e\u9ad8\u7684\u80a1\u50f9\u59cb\u7d42\u5b58\u7591\u3002<\/p>\n

    \u3000\u300c\u88ab\u7db2\u8def\u516c\u53f8\u5f15\u8a98\u7684\u6295\u8cc7\u8005\u5c31\u50cf\u53c3\u52a0\u821e\u6703\u7684\u7070\u59d1\u5a18\uff0c\u6c92\u6709\u5728\u821e\u6703\u7684\u9650\u671f\u4e4b\u524d\u96e2\u958b\uff0c\u7d50\u679c\u83ef\u9e97\u7684\u99ac\u8eca\u53c8\u8b8a\u56de\u5357\u74dc\u3002\u4f46\u6700\u5927\u554f\u984c\u662f\u9019\u6b21\u821e\u6703\u7684\u6642\u9418\u4e26\u6c92\u6709\u6307\u91dd\uff0c\u300d\u5df4\u83f2\u7279\u5999\u8a9e\u5982\u73e0\u7684\u6bd4\u55bb\uff0c\u8aaa\u660e\u4e86\u4ed6\u7684\u9867\u616e\u3002<\/p>\n

    \u3000\u5f8c\u4f86\u8b49\u660e\uff0c\u4ed6\u662f\u5c0d\u7684\u3002\u99ac\u8eca\u7d42\u7a76\u8b8a\u56de\u4e00\u5806\u5357\u74dc\u6ce5\uff0c\u800c\u7070\u59d1\u5a18\u5011\u5247\u500b\u500b\u539f\u5f62\u7562\u9732\u3001\u5149\u8457\u8173\u4e2b\u8dd1\u56de\u5bb6\u4e86\u3002<\/p>\n

    \u3000\u5df4\u83f2\u7279\u5982\u6b64\u51b7\u975c\u5730\u5a49\u62d2\u773e\u8b70\uff0c\u9664\u4e86\u5f97\u529b\u65bc\u5361\u5167\u57fa\u8a13\u7df4\u7684\u6210\u679c\u5916\uff0c\u4ed6\u5e73\u6642\u5c0d\u6295\u8cc7\u5c0d\u8c61\u7684\u7d30\u5fc3\u947d\u7814\uff0c\u66f4\u662f\u6700\u6709\u529b\u7684\u9632\u706b\u7246\u3002\u9019\u662f\u4ed6\u5f9e\u5c0f\u5c31\u7df4\u5c31\u7684\u672c\u9818\u3002<\/p>\n

    \u3000\u300c\u6e96\u5099\u662f\u6700\u91cd\u8981\u7684\uff0c\u8afe\u4e9e\u4e0d\u662f\u4e0b\u96e8\u5f8c\u624d\u9020\u65b9\u821f\uff0c\u300d\u5df4\u83f2\u7279\u8aaa\u3002\u4eca\u5929\uff0c\u9019\u4f4d78\u6b72\u7684\u8001\u723a\u723a\uff0c\u5728\u5168\u7403\u91d1\u878d\u98a8\u66b4\u4e2d\uff0c\u53c8\u518d\u5ea6\u632f\u596e\u8d77\u4f86\u3002\u4ed6\u518d\u5ea6\u5371\u6a5f\u5165\u5e02\uff0c\u5c0b\u627e\u65b0\u7684\u6295\u8cc7\u6a19\u7684\uff0c\u7e7c\u7e8c\u66f8\u5beb\u4ed6\u7684\u6efe\u96ea\u7403\u4eba\u751f\u50b3\u5947\u3002
\n
<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u9060\u898b\u300b\u6efe\u9322\u4eba\u751f \u5df4\u83f2\u7279     * 2008-11-04  &nbsp […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-393","post","type-post","status-publish","format-standard","hentry","category-investment"],"_links":{"self":[{"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=393"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/393\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberhunter.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}