{"id":388,"date":"2017-07-27T09:36:00","date_gmt":"2017-07-27T01:36:00","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=388"},"modified":"2017-07-27T09:36:00","modified_gmt":"2017-07-27T01:36:00","slug":"%e9%9c%8d%e8%8f%af%ef%bc%8e%e9%a6%ac%e5%85%8b%e6%96%af%ef%bc%9a%e3%80%8c%e6%88%91%e5%8f%88%e5%86%8d%e6%ac%a1%e7%9c%8b%e5%88%b0-%e7%b6%93%e6%bf%9f%e6%b3%a1%e6%b2%ab-%e4%ba%86%e3%80%82%e3%80%8d","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=388","title":{"rendered":"\u970d\u83ef\uff0e\u99ac\u514b\u65af\uff1a\u300c\u6211\u53c8\u518d\u6b21\u770b\u5230 \u7d93\u6fdf\u6ce1\u6cab \u4e86\u3002\u300d"},"content":{"rendered":"\n<p>\u970d\u83ef\uff0e\u99ac\u514b\u65af\uff08Howard&nbsp;Marks\uff09\u662f\u7f8e\u570b\u8ca1\u7d93\u754c\u5099\u53d7\u63a8\u5d07\u7684\u4eba\u7269\uff0c\u80a1\u795e\u5df4\u83f2\u7279\uff08Warren Buffett\uff09\u66fe\u8aaa\uff0c\u6bcf\u7576\u4ed6\u6536\u5230\u970d\u83ef\uff0e\u99ac\u514b\u65af\u6bcf\u4e00\u5b63\u6240\u5beb\u7684\u300c\u6295\u8cc7\u5099\u5fd8\u9304\u300d\uff08The memo\uff09&nbsp;\u6642\uff0c\u9019\u4efd\u6587\u4ef6\u90fd\u6703\u88ab\u4ed6\u5217\u70ba\u512a\u5148\u95b1\u8b80\u7684\u6587\u4ef6\uff0c\u53ef\u898b\u5df4\u83f2\u7279\u5c0d\u4ed6\u7684\u8a8d\u540c\u8207\u91cd\u8996\u7a0b\u5ea6\u3002<\/p>\n\n\n\n<p>\u970d\u83ef\uff0e\u99ac\u514b\u65af \u6700\u65b0\u7684\u300c\u6295\u8cc7\u5099\u5fd8\u9304\u300d\u525b\u525b\u51fa\u7210\uff0c\u6a19\u984c\u70ba<strong>\u3008\u9019\u6a23\u7684\u60c5\u6cc1\u53c8\u518d\u6b21\u2026.\u518d\u6b21\u5730\u51fa\u73fe\u3009\uff08There They Go Again\u2026.Again\uff09<\/strong>\uff0c\u7136\u800c\u662f\u4ec0\u9ebc\u60c5\u6cc1\u518d\u6b21\u51fa\u73fe\u4e86\u5462\uff1f<\/p>\n\n\n\n<p>2000 \u5e74\u7684 1 \u6708 \u970d\u83ef\uff0e\u99ac\u514b\u65af \u7684\u300c\u6295\u8cc7\u5099\u5fd8\u9304\u300d\u2500\u2500 \u6a19\u984c\u70ba\u3008bubble.com\u3009\uff0c\u7576\u4e2d\u5c0d\u65bc\u7db2\u8def\u76f8\u95dc\u80a1\u7968\u7684\u9ad8\u50f9\u683c\u63d0\u51fa\u4e86\u8b66\u8a0a\uff1b2007 \u5e74\u7684 2 \u6708\u4ed6\u5728\u300c\u6295\u8cc7\u5099\u5fd8\u9304\u300d\u2500\u2500 \u6a19\u984c\u70ba\u3008The Race to the Buttom\u3009\uff0c \u518d\u5ea6\u56e0\u6295\u8cc7\u4eba\u4e0d\u5728\u4e4e\u98a8\u96aa\u3001\u62fc\u547d\u6295\u8cc7\u7684\u884c\u70ba\uff0c\u63d0\u51fa\u4e86\u8b66\u544a\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>\u8a72\u6ce8\u610f\u7684\u5e02\u5834\u73fe\u8c61\uff1f\uff01<\/strong><\/h5>\n\n\n\n<p>\u9019\u4e00\u6b21\uff0c\u56e0\u70ba\u4ed6\u8a8d\u70ba\u524d\u5e7e\u6b21\u4ed6\u6240\u770b\u5230\u7684\u5e02\u5834\u60c5\u6cc1\u73fe\u5728\u53c8\u518d\u5ea6\u51fa\u73fe\u4e86\uff01\u9019\u6b21\u7684\u6587\u7ae0\u6709\u5f88\u591a\u503c\u5f97\u6295\u8cc7\u4eba\u53bb\u770b\u7684\u5167\u5bb9\uff0c\u4f46\u6587\u7ae0\u7684\u5167\u5bb9\u5f88\u9577\uff0c\u6211\u5c31\u5148\u6458\u9304\u4ed6\u8a8d\u70ba\u73fe\u5728\u6295\u8cc7\u5e02\u5834\u6700\u503c\u5f97\u6ce8\u610f\u7684\u56db\u500b\u60c5\u6cc1\uff0c\u5176\u4ed6\u7684\u5167\u5bb9\u6211\u5f80\u5f8c\u518d\u8ddf\u5927\u5bb6\u5206\u4eab\uff0c\u4e0b\u5217\u5c31\u662f \u970d\u83ef\uff0e\u99ac\u514b\u65af&nbsp;\u8a8d\u70ba\u73fe\u5728\u6700\u9700\u8981\u6ce8\u610f\u7684\u56db\u500b\u73fe\u8c61\uff1a<\/p>\n\n\n\n<p><strong>1.<\/strong>&nbsp;<strong>\u53d7\u5230\u5e7e\u7a2e\u4e0d\u540c\u56e0\u7d20\u7684\u5f71\u97ff \uff08\u5305\u62ec\u7e3d\u9ad4\u7d93\u6fdf\u7684\u6210\u9577\u3001\u5404\u570b\u592e\u884c\u7684\u5e02\u5834\u5e72\u9810\u3001\u5229\u7387\u3001\u901a\u8ca8\u81a8\u8139\u3001\u5340\u57df\u653f\u6cbb\u7684\u885d\u7a81\u2026\u2026\u7b49\u7b49\uff09\uff0c\u76ee\u524d\u5e02\u5834\u7684\u4e0d\u78ba\u5b9a\u56e0\u7d20\u986f\u5f97\u975e\u5e38\u7684\u4e0d\u6b63\u5e38\u3002<\/strong><\/p>\n\n\n\n<p><strong>2. \u5c0d\u65bc\u5927\u591a\u6578\u7684\u91d1\u878d\u8cc7\u7522\u800c\u8a00\uff0c\u672a\u4f86\u5408\u7406\u53ef\u9810\u671f\u7684\u6295\u8cc7\u5831\u916c\u7387\u90fd\u5230\u4e86\u975e\u5e38\u975e\u5e38\u4f4e\u7684\u6c34\u6e96\u3002<\/strong><\/p>\n\n\n\n<p><strong>3.&nbsp;\u500b\u5225\u80a1\u7684\u80a1\u7968\u50f9\u683c\u975e\u5e38\u7684\u9ad8\uff08\u7279\u5225\u662f\u6307\u7f8e\u570b\u80a1\u5e02\uff09\uff0c\u5f88\u5c11\u6709\u50f9\u683c\u5408\u7406\u7684\u80a1\u7968\uff0c\u4fbf\u5b9c\u7684\u66f4\u662f\u5c11\u4e4b\u53c8\u5c11\uff0c\u73fe\u5728\u6700\u53ef\u80fd\u53ef\u4ee5\u505a\u7684\u4e8b\u60c5\u5c31\u662f\u6295\u8cc7\u76f8\u5c0d\u6bd4\u8f03\u6c92\u6709\u90a3\u9ebc\u8cb4\u7684\u80a1\u7968\u4e86\uff01<\/strong><\/p>\n\n\n\n<p><strong>4. \u73fe\u5728\u6295\u8cc7\u4eba\u627f\u64d4\u98a8\u96aa\u7684\u610f\u9858\u975e\u5e38\u9ad8\u4e14\u666e\u904d\u3002<\/strong><\/p>\n\n\n\n<p>\u7576\u7136\uff0c 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(max-width: 769px) 100vw, 769px\" \/><\/figure>\n\n\n\n<p><br \/>#\u95b1\u8b80\u6642\u9593\u7d04\u70ba2\u5206\u9418<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u970d\u83ef\uff0e\u99ac\u514b\u65af\uff08Howard&nbsp;Marks\uff09\u662f\u7f8e\u570b\u8ca1\u7d93\u754c\u5099\u53d7\u63a8\u5d07\u7684\u4eba\u7269\uff0c\u80a1\u795e\u5df4\u83f2\u7279\uff08Warren Buf [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[118,119,225,349,505],"class_list":["post-388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-10","tag-118","tag-119","tag-225","tag-349","tag-505"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=388"}],"version-history":[{"count":0,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/media\/392"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}