{"id":7262,"date":"2021-03-01T19:03:18","date_gmt":"2021-03-01T11:03:18","guid":{"rendered":"https:\/\/valueinmind.co\/?p=7262"},"modified":"2022-01-28T17:18:40","modified_gmt":"2022-01-28T09:18:40","slug":"warren-buffett-2021-letter-to-shareholders","status":"publish","type":"post","link":"https:\/\/valueinmind.co\/zh\/warren-buffett-2021-letter-to-shareholders\/","title":{"rendered":"\u80a1\u795e\u5df4\u83f2\u72792021\u5e74\u300a\u81f4\u80a1\u6771\u7684\u4fe1\u300b\u5fc5\u77e56\u5927\u91cd\u9ede"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7262\" class=\"elementor elementor-7262\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9bc9d77 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9bc9d77\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53973b9\" data-id=\"53973b9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4504591 elementor-widget elementor-widget-text-editor\" data-id=\"4504591\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">2\u670827\u65e5\uff0c\u80a1\u795e\u5df4\u83f2\u7279\uff08Warren Buffett\uff09\u5728\u6ce2\u514b\u590f\u516c\u53f8\uff08Berkshire Hathaway\uff09\u5b98\u7db2\u767c\u4f48\u4e86\u4e00\u5e74\u4e00\u5ea6\u7684\u81f4\u80a1\u6771\u516c\u958b\u4fe1\uff08Letter to Shareholders\uff09\u3002\u9019\u662f\u4eca\u5e7490\u6b72\u7684\u5df4\u83f2\u7279\uff0c\u767c\u8868\u7684\u7b2c56\u5c01\u80a1\u6771\u4fe1\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u5c0d\u6295\u8cc7\u91d1\u878d\u5708\u4f86\u8aaa \uff0c\u5df4\u83f2\u7279\u6bcf\u5e74\u7684\u81f4\u80a1\u6771\u4fe1\u7d55\u5c0d\u662f\u4e00\u4ef6\u5927\u4e8b\u3002\u9019\u5c01\u4fe1\u66f4\u88ab\u8b7d\u70ba\u300c\u50f9\u503c\u6295\u8cc7\u7684\u8056\u7d93\u300d\uff0c\u5f88\u591a\u6295\u8cc7\u8005\u4e0d\u50c5\u5f9e\u4e2d\u4e86\u89e3\u904e\u53bb\u4e00\u5e74\u6ce2\u514b\u590f\u516c\u53f8\u7684\u904b\u71df\u548c\u76c8\u5229\u8868\u73fe\uff0c\u66f4\u80fd\u5920\u5f9e\u4e2d\u5b78\u7fd2\u80a1\u795e\u7684\u6295\u8cc7\u7406\u5ff5\uff0c\u4ee5\u53ca\u5c0d\u5e02\u5834\u7684\u770b\u6cd5\u3002<\/span><\/p><p><strong>\u9019\u7bc7\u6587\u7ae0\u6211\u5011\u70ba\u5927\u5bb6\u6574\u7406\u4e86\u80a1\u6771\u4fe1\u5167\u7684\u91cd\u9ede\uff0c\u5167\u5bb9\u5305\u542b\u4ee5\u4e0b6\u5927\u91cd\u9ede\uff1a<\/strong><\/p><ul><li><strong>\u4e00\u500b\u50f9\u503c\u767e\u5104\u7f8e\u5143\u7684\u932f\u8aa4<\/strong><\/li><li><strong>\u524d10\u5927\u6301\u80a1\u5009\u00a0<\/strong><\/li><li><strong>\u770b\u597d\u80a1\u5e02\u8868\u73fe\uff0c\u6301\u7e8c\u56de\u8cfc\u516c\u53f8\u80a1\u7968<\/strong><\/li><li><strong>\u50b5\u5238\u4e0d\u662f\u6295\u8cc7\u597d\u9078\u9805<\/strong><\/li><li><strong>\u6210\u70ba\u597d\u516c\u53f8\u80a1\u6771\uff0c\u6bd4\u5be6\u8cea\u63a7\u5236\u5e73\u5eb8\u516c\u53f8\u66f4\u597d<\/strong><\/li><li><strong>\u6c38\u9060\u4e0d\u8981\u505a\u7a7a\u7f8e\u570b<\/strong><\/li><\/ul><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><h2><span style=\"color: #262262;\"><strong>2021\u5e74\u300a\u81f4\u80a1\u6771\u4fe1\u300b6\u5927\u91cd\u9ede<\/strong><\/span><\/h2><h6>\u00a0<\/h6><h3><span style=\"color: #0096ff;\"><strong>1. \u4e00\u500b\u50f9\u503c\u767e\u5104\u7f8e\u5143\u7684\u932f\u8aa4<\/strong><\/span><\/h3><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u5728\u4fe1\u4ef6\u958b\u982d\uff0c\u5df4\u83f2\u7279\u7167\u6163\u4f8b\u532f\u58312020\u5e74\u6ce2\u514b\u590f\u7684\u696d\u7e3e\uff1a\u516c\u53f8\u6bcf\u80a1\u5e02\u503c\u7684\u6f32\u5e45\u53ea\u67092.4%\uff0c\u8dd1\u8f38\u6a19\u666e500\u6307\u6578\uff08S&amp;P 500\uff09\u768418.4%\u3002\u800c\u4e14\u53bb\u5e74\u7684\u8ca1\u52d9\u8868\u73fe\u4e0d\u7b97\u975e\u5e38\u7406\u60f3\uff0c\u7e3d\u76c8\u5229\u70ba425\u5104\u7f8e\u5143\uff0c\u4e3b\u8981\u5305\u62ec\uff1a<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u71df\u696d\u5229\u6f64219\u5104\u7f8e\u5143<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8cc7\u672c\u5229\u5f9749\u5104\u7f8e\u5143<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u672a\u5be6\u73fe\u7684\u6de8\u8cc7\u672c\u6536\u76ca267\u5104\u7f8e\u5143<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6e1b\u8a18\u640d\u5931110\u5104\u7f8e\u5143<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">\u5df4\u83f2\u7279\u5728\u4fe1\u4e2d\u627f\u8a8d\uff0c2016\u5e74\u4ee5372\u5104\u7f8e\u5143\u6536\u8cfc\u98db\u6a5f\u96f6\u4ef6\u88fd\u9020\u5546\u300c\u7cbe\u5bc6\u9444\u4ef6\u300d\uff08Precision Castparts, PCC\uff09\u6642\u8cb7\u8cb4\u4e86\uff0c\u4ed8\u4e86\u592a\u591a\u7684\u9322\uff0c\u5c0e\u81f4\u516c\u53f8\u5728\u53bb\u5e74\u6158\u8ce0110\u5104\u7f8e\u5143\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">2020\u5e74\uff0c\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u91cd\u5275\u4e86\u5168\u7403\u822a\u7a7a\u696d\uff0c\u800cPCC\u6700\u91cd\u8981\u7684\u5ba2\u6236\u4f86\u6e90\u5c31\u662f\u822a\u7a7a\u696d\uff0c\u75ab\u60c5\u56b4\u91cd\u5f71\u97ff\u4e86PCC\u7684\u696d\u7e3e\uff0c\u4e5f\u76f4\u63a5\u5c0e\u81f4\u6ce2\u514b\u590f\u7684\u6e1b\u8a18\u640d\u5931\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u5df4\u83f2\u7279\u8aaa\uff1a\u300c\u6c92\u6709\u4eba\u8aa4\u5c0e\u6211\u7684\u6c7a\u5b9a\uff0c\u53ea\u662f\u6211\u5c0dPCC\u7684\u76c8\u5229\u8868\u73fe\u904e\u65bc\u6a02\u89c0\uff0c\u6240\u4ee5\u5728\u8a08\u7b97\u6536\u8cfc\u50f9\u6642\u767c\u751f\u932f\u8aa4\u3002\u300d\u9019\u662f\u5df4\u83f2\u7279\u72af\u904e\u6700\u5927\u7684\u6295\u8cc7\u932f\u8aa4\u4e4b\u4e00\u3002<\/span><\/p><p><strong>\u3010\u5ef6\u4f38\u95b1\u8b80\u3011<\/strong><a href=\"https:\/\/valueinmind.co\/what-is-etf\/\" target=\"_blank\" rel=\"noopener\">\u5df4\u83f2\u7279\u5f37\u70c8\u5efa\u8b70\u6bcf\u500b\u4eba\u4e00\u5b9a\u8981\u6295\u8cc7S&amp;P 500 ETF\uff01\uff5c\u6307\u6578\u80a1\u7968\u578b\u57fa\u91d1 (ETF)\u5230\u5e95\u70ba\u4ec0\u9ebc\u9019\u9ebc\u597d\uff1f<\/a><\/p><h6>\u00a0<\/h6><h3><strong><span style=\"color: #0096ff;\">2. \u524d10\u5927\u6301\u80a1\u5009 &#8211; \u4e2d\u570b\u516c\u53f8\u6bd4\u4e9e\u8fea\u5df2\u6210\u70ba\u6ce2\u514b\u590f\u7b2c\u516b\u5927\u91cd\u5009\u80a1<\/span><\/strong><\/h3><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u622a\u81f32020\u5e7412\u670831\u65e5\uff0c\u6ce2\u514b\u590f\u524d\u5341\u5927\u91cd\u5009\u80a1\u5206\u5225\u662f\uff1a<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u860b\u679c Apple Inc.\uff08\u5e02\u503c1204\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7f8e\u570b\u9280\u884c Bank of America Corp.\uff08\u5e02\u503c313\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u53ef\u53e3\u53ef\u6a02 The Coca-Cola Company.\uff08\u5e02\u503c219\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7f8e\u570b\u904b\u901a American Express Company\uff08\u5e02\u503c183\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5a01\u745e\u68ee Verizon Communications Inc.\uff08\u5e02\u503c86\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7a46\u8fea\u00a0 Moody\u2019s Corporation\uff08\u5e02\u503c71.6\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7f8e\u570b\u5408\u773e\u9280\u884c U.S. Bancorp\uff08\u5e02\u503c69\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6bd4\u4e9e\u8fea BYD Co. Ltd.\uff08\u5e02\u503c58.97\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u96ea\u4f5b\u9f8d\u00a0 Chevron Corporation\uff08\u5e02\u503c40.96\u5104\u7f8e\u5143\uff09<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7279\u8a31\u901a\u4fe1 Charter Communications, Inc.\uff08\u5e02\u503c34.5\u5104\u7f8e\u5143\uff09<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">\u76ee\u524d\uff0c\u6ce2\u514b\u590f\u7e3d\u5171\u6301\u6709\u5e02\u503c2811.7\u5104\u7f8e\u5143\u7684\u80a1\u7968\uff0c\u8cfc\u5165\u6210\u672c\u70ba1086.2\u5104\u7f8e\u5143\uff0c\u8cec\u9762\u76c8\u52291725.5\u5104\u7f8e\u5143\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u5176\u4e2d\uff0c\u7b2c\u516b\u5927\u6301\u5009\u80a1\u6bd4\u4e9e\u8fea\uff08BYD Co. Ltd\uff09\uff0c2008\u5e74\u5df4\u83f2\u7279\u4ee5\u6bcf\u80a18\u6e2f\u5143\u8cb7\u51652.25\u5104\u80a1\u6bd4\u4e9e\u8fea\uff0c\u6210\u672c\u70ba2.3\u5104\u7f8e\u5143\u30028\u5e74\u5f8c\u7684\u4eca\u5929\uff0c\u6bd4\u4e9e\u8fea\u5e02\u503c\u5df2\u7d93\u9054\u523058.97\u5104\u7f8e\u5143\uff0c\u572812\u5e74\u5167\u5df4\u83f2\u7279\u8cfa\u4e86\u5c07\u8fd125\u500d\uff01<\/span><\/p><h6>\u00a0<\/h6><h3><span style=\"color: #0096ff;\"><strong>3. \u770b\u597d\u80a1\u5e02\u8868\u73fe\uff0c\u6301\u7e8c\u56de\u8cfc\u516c\u53f8\u80a1\u7968<\/strong><\/span><\/h3><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">2020\u5e74\uff0c\u6ce2\u514b\u590f\u82b1\u4e86247\u5104\u7f8e\u5143\u56de\u8cfc\u4e8680,998\u80a1\u6ce2\u514b\u590fA\u80a1\u7684\u80a1\u7968\uff0c\u5275\u4e0b\u6b77\u53f2\u7d00\u9304\u3002\u5df4\u83f2\u7279\u8868\u793a\uff0c\u300c\u56de\u8cfc\u80a1\u7968\u7684\u8209\u52d5\u8b93\u80a1\u6771\u7684\u6301\u80a1\u6bd4\u4f8b\u589e\u52a0\u4e865.2%\uff0c\u800c\u4e14\u5b8c\u5168\u4e0d\u9700\u8981\u52d5\u7528\u81ea\u5df1\u7684\u9322\u5305\uff0c\u591a\u82b1\u4efb\u4f55\u4e00\u6bdb\u9322\u3002\u300d<\/span><\/p><p><span style=\"font-weight: 400;\">\u5df4\u83f2\u7279\u4e00\u76f4\u90fd\u71b1\u8877\u65bc\u56de\u8cfc\u516c\u53f8\u80a1\u7968\uff0c\u4e0d\u904e\u4ed6\u5f37\u8abf\u53ea\u6709\u5728\u8a8d\u70ba\u300c\u6ce2\u514b\u590f\u80a1\u7968\u88ab\u5e02\u5834\u4f4e\u4f30\u300d\u6642\uff0c\u624d\u6703\u505a\u56de\u8cfc\u7684\u52d5\u4f5c\u3002\u4eca\u5e74\u6ce2\u514b\u590f\u4e5f\u6301\u7e8c\u5728\u56de\u8cfc\u516c\u53f8\u80a1\u7968\uff0c\u76f8\u4fe1\u672a\u4f86\u6ce2\u514b\u590f\u5728\u5e02\u5834\u7684\u6d41\u901a\u80a1\u6578\u91cf\u6703\u9032\u4e00\u6b65\u6e1b\u5c11\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u76ee\u524d\uff0c\u6ce2\u514b\u590f\u624b\u4e2d\u64c1\u6709\u5927\u7d041380\u5104\u7f8e\u5143\u7684\u73fe\u91d1\u5132\u5099\uff0c\u4f46\u662f\u6ce2\u514b\u590f\u5df2\u7d93\u8d85\u904e50\u5e74\u6c92\u6709\u6d3e\u767c\u80a1\u606f\u4e86\u3002\u56e0\u70ba\u5c0d\u5df4\u83f2\u7279\u4f86\u8aaa\uff0c\u8cc7\u91d1\u5728\u4ed6\u624b\u4e2d\uff0c\u6bd4\u6d3e\u7d66\u80a1\u6771\u66f4\u597d\u3002\u4ed6\u4e5f\u6301\u7e8c\u5728\u5c0b\u627e\u65b0\u7684\u6536\u8cfc\u6a5f\u6703\u3002\u4e0d\u904e\uff0c\u5230\u4eca\u5929\u70ba\u6b62\uff0c\u5df4\u83f2\u7279\u90fd\u9084\u6c92\u6709\u7269\u8272\u5230\u4ed6\u60f3\u8981\u7684\u300c\u5927\u8c61\u300d\u3002<\/span><\/p><p><strong>\u3010\u5ef6\u4f38\u95b1\u8b80\u3011<\/strong><a href=\"https:\/\/valueinmind.co\/share-buyback\/\" target=\"_blank\" rel=\"noopener\">\u4ec0\u9ebc\u662f\u80a1\u7968\u56de\u8cfc (Share Buyback) ? | \u6295\u8cc7\u65b0\u624b\u4fee\u7149\u5fc5\u8b80<\/a><\/p><h6>\u00a0<\/h6><h3><strong><span style=\"color: #0096ff;\">4. \u50b5\u5238\u4e0d\u662f\u6295\u8cc7\u597d\u9078\u9805<\/span><\/strong><\/h3><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u6bcf\u7576\u80a1\u5e02\u5287\u70c8\u6ce2\u52d5\uff0c\u6295\u8cc7\u8005\u90fd\u6703\u50be\u5411\u65bc\u5c07\u8cc7\u91d1\u8f49\u79fb\u5230\u4f4e\u98a8\u96aa\u7684\u50b5\u5238\u907f\u907f\u98a8\u982d\u3002\u4e0d\u904e\uff0c\u5df4\u83f2\u7279\u76f4\u8a00\u300c\u50b5\u5238\u4e0d\u662f\u6295\u8cc7\u7684\u597d\u9078\u9805\u300d\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u4ed6\u4ee510\u5e74\u671f\u7f8e\u570b\u570b\u50b5\uff0810-year U.S. Treasury Bond\uff09\u4f86\u8aaa\u660e\uff1a\u300c10\u5e74\u671f\u7684\u7f8e\u570b\u570b\u50b5\u73fe\u5728\u53ea\u67090.93%\u56de\u916c\u7387\uff0c\u6bd41981\u5e749\u6708\u768415.8%\uff0c\u8db3\u8db3\u4e0b\u8dcc\u4e8694%\u3002\u5728\u5fb7\u570b\u548c\u65e5\u672c\uff0c\u570b\u50b5\u7684\u56de\u5831\u7387\u751a\u81f3\u662f\u8ca0\u6578\u7684\u3002\u300d<\/span><\/p><p><span style=\"font-weight: 400;\">\u5728\u5df4\u83f2\u7279\u770b\u4f86\uff0c\u4e3b\u529b\u6295\u8cc7\u50b5\u5238\u7684\u990a\u8001\u57fa\u91d1\u3001\u4fdd\u96aa\u516c\u53f8\u548c\u9000\u4f11\u57fa\u91d1\u5c40\uff0c\u672a\u4f86\u7684\u56de\u916c\u8868\u73fe\u662f\u300c\u9eef\u6de1\u7684\u300d\u3002<\/span><\/p><h3>\u00a0<\/h3><h3><strong><span style=\"color: #0096ff;\">5. \u6210\u70ba\u597d\u516c\u53f8\u80a1\u6771\uff0c\u6bd4\u5be6\u8cea\u63a7\u5236\u5e73\u5eb8\u516c\u53f8\u66f4\u597d<\/span><\/strong><\/h3><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u5df4\u83f2\u7279\u8aaa\uff0c\u6ce2\u514b\u590f\u7d93\u5e38\u88ab\u8cbc\u4e0a\u300c\u5927\u578b\u806f\u5408\u4f01\u696d\u300d\u7684\u6a19\u7c64\u3002\u9019\u5c0d\u4ed6\u4f86\u8aaa\u662f\u4e00\u500b\u8cb6\u7fa9\u8a5e\uff0c\u4ee3\u8868\u516c\u53f8\u53ea\u662f\u4e00\u500b\u4e0d\u65b7\u6536\u8cfc\u3001\u64c1\u6709\u8a31\u591a\u4e0d\u76f8\u95dc\u696d\u52d9\u7684\u63a7\u80a1\u516c\u53f8\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u4ed6\u4ee5\u4e0d\u9ede\u540d\u7684\u5f62\u5f0f\u8a55\u8ad6\u4e86\u88ab\u5e02\u5834\u7092\u5f97\u77ed\u671f\u66b4\u6f32\u7684\u71b1\u9580\u80a1\u73fe\u8c61\uff0c\u8aaa\u4ed6\u5011\u5176\u5be6\u7a7f\u8457\u300c\u570b\u738b\u7684\u65b0\u8863\u300d\uff0c\u56e0\u70ba\u6b77\u53f2\u5df2\u7d93\u8b49\u660e\u4e86\u9019\u4e9b\u50f9\u683c\u5927\u6f32\u7684\u80a1\u7968\u53ea\u662f\u300c\u6295\u8cc7\u5e7b\u89ba\u300d\u3002\u7b49\u6f6e\u6c34\u9000\u53bb\uff0c\u4ed6\u5011\u90fd\u6703\u88ab\u57cb\u9032\u6b77\u53f2\u7684\u5783\u573e\u5806\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u56e0\u6b64\uff0c\u6bd4\u8d77\u6536\u8cfc\u7f3a\u4e4f\u7af6\u722d\u512a\u52e2\u7684\u666e\u901a\u516c\u53f8\uff0c\u82b1\u8cbb\u6642\u9593\u5fc3\u8840\u53bb\u904b\u71df\uff0c\u5df4\u83f2\u7279\u548c\u67e5\u7406\u00b7\u8292\u683c\u66f4\u5e0c\u671b\u9577\u671f\u6301\u6709\u5e7e\u5bb6\u512a\u79c0\u69cb\u601d\u7684\u80a1\u7968\uff0c\u5b89\u5fc3\u7576\u4e00\u500b\u597d\u80a1\u6771\uff0c\u4eab\u53d7\u7a69\u5b9a\u800c\u8c50\u539a\u7684\u6295\u8cc7\u56de\u916c\u5c31\u597d\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u300c\u570b\u738b\u7684\u65b0\u8863\u300d\u7684\u8aaa\u6cd5\u5c0d\u6bd4\u8fd1\u671f\u7f8e\u80a1\u7684\u66b4\u6f32\u66b4\u8dcc\uff0c\u771f\u662f\u6709\u9ede\u8010\u4eba\u5c0b\u5473\u3002<\/span><\/p><h6>\u00a0<\/h6><h3><span style=\"color: #0096ff;\"><strong>6. \u6c38\u9060\u4e0d\u8981\u505a\u7a7a\u7f8e\u570b<\/strong><\/span><\/h3><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">2020\u5e743\u6708\uff0c\u7f8e\u80a1\u7d93\u6b77\u4e86\u5e7e\u6b21\u7194\u65b7\uff0c\u80a1\u5e02\u6ce2\u52d5\u5341\u5206\u5287\u70c8\u3002\u4f46\u662f\uff0c\u5df4\u83f2\u7279\u5c0d\u80a1\u5e02\u8868\u73fe\u4f9d\u7136\u5341\u5206\u6709\u4fe1\u5fc3\uff0c\u770b\u597d\u9577\u671f\u8868\u73fe\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u4ed6\u8aaa\uff0c\u300c\u80a1\u5e02\u6bcf\u5e74\u90fd\u5728\u6ce2\u52d5\uff0c\u5118\u7ba1\u7f8e\u570b\u7d93\u6fdf\u5728\u904e\u53bb\u4e00\u5e74\u53d7\u5230\u56b4\u91cd\u5f71\u97ff\uff0c\u4f46\u662f\u9577\u671f\u7684\u7d93\u6fdf\u767c\u5c55\u9084\u662f\u4ee4\u4eba\u9a5a\u5606\u3002\u300d\u56e0\u6b64\uff0c\u300c\u6c38\u9060\u4e0d\u8981\u505a\u7a7a\u7f8e\u570b\u300d\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u5df4\u83f2\u7279\u7279\u5225\u5f37\u8abf\u8aaa\uff0c\u300c\u4e00\u500b\u8010\u5fc3\u4e14\u982d\u8166\u51b7\u975c\u7684\u7334\u5b50\uff0c\u5728\u6a19\u666e500\u7684\u4e0a\u5e02\u516c\u53f8\u7d44\u5408\u88e1\u96a8\u4fbf\u625450\u500b\u98db\u93e2\u4f86\u6c7a\u5b9a\u5b83\u7684\u6295\u8cc7\u7d44\u5408\uff0c\u90fd\u53ef\u4ee5\u5b89\u5fc3\u4eab\u53d7\u80a1\u606f\u548c\u8cc7\u672c\u5229\u5f97\u3002\u300d\u63db\u53e5\u8a71\u8aaa\uff0c\u9577\u671f\u50f9\u503c\u6295\u8cc7\u7684\u7b56\u7565\u6c38\u9060\u90fd\u4e0d\u6703\u904e\u6642\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u4eca\u5e74\u6ce2\u514b\u590f\u80a1\u6771\u5c07\u5728\u7f8e\u6771\u6642\u95935\u67081\u65e5\u4e0b\u53481\u9ede\u4ee5\u7dda\u4e0a\u76f4\u64ad\u7684\u65b9\u5f0f\uff0c\u5728\u6d1b\u6749\u78ef\u8209\u884c\u3002\u6709\u8208\u8da3\u8046\u807d\u5df4\u83f2\u7279\u548c\u67e5\u7406\u00b7\u8292\u683c\u56de\u7b54\u80a1\u6771\u554f\u984c\u7684\u8a71\uff0c\u53ef\u4ee5\u901a\u904e\u4e0b\u9762\u9019\u500b\u7db2\u5740\u6536\u807d\uff1a<\/span><\/p><p><a href=\"https:\/\/finance.yahoo.com\/brklivestream\" target=\"_blank\" rel=\"noopener\">https:\/\/finance.yahoo.com\/brklivestream<\/a><\/p><p><span style=\"font-weight: 400;\">\u9ede\u64ca<a href=\"https:\/\/hk.investing.com\/news\/stock-market-news\/article-140451\" target=\"_blank\" rel=\"noopener\">\u9019\u88cf<\/a>\u95b1\u8b80\u5df4\u83f2\u72792021\u5e74\u81f4\u80a1\u6771\u4fe1 \u4e2d\u6587\u7ffb\u8b6f\u5b8c\u6574\u7248<\/span><\/p><p><span style=\"font-weight: 400;\">\u9ede\u64ca<a href=\"https:\/\/berkshirehathaway.com\/letters\/2020ltr.pdf\" target=\"_blank\" rel=\"noopener\">\u9019\u88cf<\/a>\u95b1\u8b80\u5df4\u83f2\u72792021\u5e74\u81f4\u80a1\u6771\u4fe1 \u82f1\u6587\u5b8c\u6574\u7248<\/span><\/p><p><strong>\u3010\u5ef6\u4f38\u95b1\u8b80\u3011<\/strong><\/p><p><a href=\"https:\/\/valueinmind.co\/penny-stock\/\" target=\"_blank\" rel=\"noopener\"><strong>\u4ed9\u80a1\u4e0d\u70ba\u4eba\u77e5\u7684\u79d8\u5bc6\uff0c\u63ed\u767c\u66b4\u6f32\u66b4\u8dcc\u80cc\u5f8c\u9ed1\u6697\u7684\u4e00\u9762<\/strong><\/a><\/p><p><a href=\"https:\/\/valueinmind.co\/short-selling\/\" target=\"_blank\" rel=\"noopener\"><strong>\u4ec0\u9ebc\u662f\u505a\u7a7a\uff1f\u80a1\u7968\u4e0b\u8dcc\u4e5f\u80fd\u8cfa\u9322\uff1f<\/strong><\/a><\/p><p><strong>\u5728\u958b\u59cb\u6295\u8cc7\u4e4b\u524d\uff0c\u4e00\u5b9a\u8981\u5148\u638c\u63e1\u6b63\u78ba\u7684\u6295\u8cc7\u77e5\u8b58\u8207\u7b56\u7565\uff0c\u624d\u80fd\u50cf\u5df4\u83f2\u7279\u7684\u80a1\u6771\u5011\u4e00\u6a23\uff0c\u5b89\u5fc3\u4eab\u53d7\u8c50\u539a\u7684\u6295\u8cc7\u56de\u916c\u5594\uff01\u8d95\u5feb\u514d\u8cbb\u9818\u53d6<a href=\"https:\/\/valueinmind.co\/zh\/free-resources\/free-publications\/financial-investment-4-tips\/\" target=\"_blank\" rel=\"noopener\">\u300a\u6295\u8cc7\u5165\u9580\u653b\u7565\u300b<\/a>\uff0c\u5b78\u7fd2\u4f4e\u98a8\u96aa\u53c8\u5b89\u5168\u7684\u6295\u8cc7\u653b\u7565\u5427\uff01<\/strong><\/p><p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/vMGWjZfHx6A\" width=\"560\" height=\"500\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>2021\u5e74\u80a1\u795e\u5df4\u83f2\u7279\u7684\u81f4\u80a1\u6771\u4fe1\u51fa\u7210\u4e86\uff01\u7a76\u7adf\u5df4\u83f2\u7279\u5c0d\u8fd1\u671f\u52d5\u76ea\u7684\u80a1\u5e02\u6709\u4ec0\u9ebc\u770b\u6cd5\uff1f\u63a5\u4e0b\u4f86\u61c9\u8a72\u5982\u4f55\u4f48\u5c40\u6295\u8cc7\uff1f\u50f9\u503c\u601d\u7dad\u70ba\u4f60\u6574\u7406\u51fa\u81f4\u80a1\u6771\u4fe1\u76846\u5927\u91cd\u9ede\uff01<\/p>\n","protected":false},"author":2,"featured_media":7264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[665],"tags":[446,477],"_links":{"self":[{"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/posts\/7262"}],"collection":[{"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/comments?post=7262"}],"version-history":[{"count":0,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/posts\/7262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/media\/7264"}],"wp:attachment":[{"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/media?parent=7262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/categories?post=7262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/tags?post=7262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}