{"id":341680,"date":"2020-07-15T00:45:49","date_gmt":"2020-07-15T07:45:49","guid":{"rendered":"https:\/\/nai500.com\/?p=341680"},"modified":"2020-07-15T00:46:07","modified_gmt":"2020-07-15T07:46:07","slug":"%e5%b7%b4%e8%8f%b2%e7%89%b9-%e6%8c%81%e6%9c%89-%e8%bf%99%e4%b8%89%e5%8f%aa-%e8%82%a1%e7%a5%a8-%e7%8e%b0%e5%9c%a8-%e5%80%bc%e5%be%97-%e4%b9%b0%e5%85%a5","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2020\/07\/%e5%b7%b4%e8%8f%b2%e7%89%b9-%e6%8c%81%e6%9c%89-%e8%bf%99%e4%b8%89%e5%8f%aa-%e8%82%a1%e7%a5%a8-%e7%8e%b0%e5%9c%a8-%e5%80%bc%e5%be%97-%e4%b9%b0%e5%85%a5\/","title":{"rendered":"\u5df4\u83f2\u7279\u6301\u6709\u7684\u8fd9\u4e09\u53ea\u80a1\u7968\u73b0\u5728\u503c\u5f97\u4e70\u5165"},"content":{"rendered":"

\u5f53\u6c83\u4f26\u2022\u5df4\u83f2\u7279(Warren Buffett)\u6295\u8d44\u4e00\u5bb6\u516c\u53f8\u65f6\uff0c\u82b1\u4e00\u4e9b\u65f6\u95f4\u7814\u7a76\u4e00\u4e0b\u603b\u662f\u9519\u4e0d\u4e86\u7684\u3002\u8fd9\u4f4d\u5177\u6709\u4f20\u5947\u8272\u5f69\u7684\u4ef7\u503c\u6295\u8d44\u8005\u572811\u5c81\u65f6\u5c31\u4e70\u5165\u4e86\u4eba\u751f\u7684\u7b2c\u4e00\u652f\u80a1\u7968\uff0c78\u5e74\u540e\u7684\u4eca\u5929\uff0c\u4ed6\u6210\u4e3a\u4e86\u5f53\u4eca\u4e16\u754c\u4e0a\u7b2c\u56db\u5bcc\u6709\u7684\u4eba\uff0c\u4e5f\u662f\u5e02\u503c4300\u4ebf\u7f8e\u5143\u7684\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8Berkshire Hathaway\u00a0 (NYSE:BRK.A) (NYSE:BRK.B)\u7684\u638c\u95e8\u4eba\u3002<\/p>\n

\u4f2f\u514b\u5e0c\u5c14\u7684\u6295\u8d44\u7ec4\u5408\u53ef\u4ee5\u901a\u8fc7\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u7684\u6587\u4ef6\u516c\u5f00\u83b7\u5f97\uff0c\u8fd9\u8ba9\u666e\u901a\u6295\u8d44\u8005\u5f97\u4ee5\u4e00\u7aa5\u8fd9\u4f4d\u201c\u5965\u9a6c\u54c8\u5148\u77e5\u201d\u7684\u6295\u8d44\u60f3\u6cd5\u3002\u800c\u4e0b\u9762\u7684\u8fd9\u4e09\u53ea\u5df4\u83f2\u7279\u6301\u6709\u7684\u80a1\u7968\u73b0\u5728\u6b63\u503c\u5f97\u4e70\u5165\u3002<\/p>\n

\u9996\u5148\u662f\u6b63\u5728\u5411\u64ad\u5ba2\u548c\u97f3\u4e50\u9886\u57df\u6269\u5f20\u7684\u536b\u661f\u5e7f\u64ad\u516c\u53f8Sirius XM (NASDAQ:SIRI)<\/strong>\u3002\u63a5\u4e0b\u6765\u662f\u597d\u5e02\u591aCostco (NASDAQ:COST)<\/strong>\uff0c\u8fd9\u5bb6\u4f1a\u5458\u5236\u6279\u53d1\u96f6\u552e\u5546\u5728\u4eca\u5e74\u7684\u65b0\u51a0\u75ab\u60c5\u671f\u95f4\u8868\u73b0\u4f18\u5f02\u3002\u6700\u540e\u662f\u4e9a\u9a6c\u900aAmazon.com (NASDAQ:AMZN)<\/strong>\uff0c\u8fd9\u5bb6\u76ee\u524d\u5e02\u503c\u9ad8\u8fbe1.44\u4e07\u4ebf\u7f8e\u5143\u7684\u79d1\u6280\u516c\u53f8\u8fd8\u6709\u66f4\u5927\u7684\u6301\u7eed\u589e\u957f\u7a7a\u95f4\u3002\u76ee\u524d\u770b\u6765\uff0c\u8fd9\u4e09\u53ea\u80a1\u7968\u90fd\u5df2\u7ecf\u505a\u597d\u4e86\u8dd1\u8d62\u5927\u5e02\u7684\u51c6\u5907\u3002<\/p>\n

1. Sirius XM<\/span><\/h2>\n

\u6709\u4f20\u8a00\u79f0\uff0c\u6295\u8d44Sirius XM\u7684\u51b3\u5b9a\u6765\u81ea\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8\u7684\u4e24\u4f4d\u7ecf\u7406\u4ebaTed Weschler\u548cTodd Combs\uff0c\u800c\u975e\u5df4\u83f2\u7279\u672c\u4eba\u3002\u4e0d\u7ba1\u8c01\u9009\u7684\uff0c\u8fd9\u90fd\u662f\u4e00\u53ea\u597d\u80a1\u7968\u3002\u4f4e\u4f30\u503c\u3001\u62e5\u6709\u5f3a\u5927\u7684\u6218\u7565\u7eb5\u6df1\u4ee5\u53ca\u6536\u8d2d\u9a71\u52a8\u7684\u589e\u957f\u7b56\u7565\uff0c\u4f7f\u8be5\u516c\u53f8\u80a1\u4ef7\u975e\u5e38\u6709\u5e0c\u671b\u5b9e\u73b0\u4e0a\u884c\u3002<\/p>\n

\u53d7\u51a0\u72b6\u75c5\u6bd2\u75ab\u60c5\u548c\u7ecf\u6d4e\u8870\u9000\u7684\u5f71\u54cd\uff0cSirius\u80a1\u7968\u4eca\u5e74\u4ee5\u6765\u5df2\u7ecf\u4e0b\u8dcc\u4e86\u7ea620%\u3002\u6295\u8d44\u8005\u62c5\u5fc3\uff0c\u6c7d\u8f66\u9500\u552e\u7684\u653e\u7f13\u53ef\u80fd\u4f1a\u5bfc\u81f4\u516c\u53f8\u6536\u5165\u548c\u8ba2\u9605\u6570\u91cf\u7684\u4e0b\u964d\u3002 \u4f46\u8be5\u516c\u53f8\u57284\u670828\u65e5\u516c\u5e03\u4e86\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\uff0c\u663e\u793a\u51fa\u5728\u5f53\u524d\u8270\u96be\u7684\u7ecf\u6d4e\u73af\u5883\u4e2d\u6301\u7eed\u7684\u97e7\u6027\u3002<\/p>\n

\u62a5\u544a\u4e2d\u663e\u793a\uff0c\u4eca\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0c\u8be5\u516c\u53f8\u65b0\u589e\u4e866.9\u4e07\u540d\u81ea\u8d39\u51c0\u8ba2\u9605\u7528\u6237\uff0c\u6536\u5165\u589e\u957f5%\uff0c\u81f320\u4ebf\u7f8e\u5143\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u7b2c\u4e00\u5b63\u5ea6\u516c\u53f8\u73b0\u91d1\u6d41\u4f9d\u7136\u5f3a\u52b2\uff0cEBITDA\u589e\u957f13%\uff0c\u8fbe\u5230\u521b\u7eaa\u5f55\u76846.39\u4ebf\u7f8e\u5143\u3002<\/p>\n

\u6b64\u5916\uff0c\u8be5\u516c\u53f8\u8fd8\u901a\u8fc7\u5bf9\u5404\u79cd\u4e0d\u540c\u5a92\u4f53\u683c\u5f0f\u7684\u6218\u7565\u6295\u8d44\u4f7f\u5176\u4e1a\u52a1\u591a\u6837\u5316\u3002\u4eca\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0c\u8be5\u516c\u53f8\u5411\u5728\u7ebf\u97f3\u4e50\u5206\u9500\u5e73\u53f0SoundCloud\u6295\u8d44\u4e867500\u4e07\u7f8e\u5143\uff0c\u8fd9\u5bf9\u63d0\u5347\u5e7f\u544a\u4e1a\u52a1\u5927\u6709\u52a9\u76ca\u3002\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u8be5\u516c\u53f8\u53c8\u6536\u8d2d\u4e86\u64ad\u5ba2\u7ba1\u7406\u5e73\u53f0Simplecast\uff0c\u8fd9\u5c06\u4f7f\u5176\u5728\u5feb\u901f\u589e\u957f\u7684\u64ad\u5ba2\u5e02\u573a\u83b7\u5f97\u4e00\u5e2d\u4e4b\u5730\u3002<\/p>\n

2. \u597d\u5e02\u591a<\/h2>\n

\u597d\u5e02\u591a\u7684\u7ecf\u8425\u6a21\u5f0f\u662f\u8fde\u9501\u4f1a\u5458\u5236\u4ed3\u50a8\u91cf\u8d29\u5e97\uff0c\u4ee5\u5177\u6709\u7ade\u4e89\u529b\u7684\u4ef7\u683c\u9500\u552e\u98df\u54c1\u3001\u6c7d\u8f66\u7528\u54c1\u548c\u5176\u4ed6\u6d88\u8d39\u54c1\u3002\u4eca\u5e74\u5230\u76ee\u524d\u4e3a\u6b62\uff0c\u8be5\u80a1\u4e0a\u6da8\u4e8610%(\u81ea\u4f2f\u514b\u5e0c\u5c1420\u5e74\u524d\u9996\u6b21\u4e70\u5165\u8be5\u80a1\u4ee5\u6765\uff0c\u6da8\u5e45\u8fbe\u5230\u4e86\u4ee4\u4eba\u77a0\u76ee\u7ed3\u820c\u7684880%)\u3002\u867d\u7136\u597d\u5e02\u591a\u53ef\u80fd\u4e0d\u662f\u5df4\u83f2\u7279\u6700\u5f15\u4eba\u6ce8\u76ee\u7684\u6295\u8d44\uff0c\u4f46\u7531\u4e8e\u5176\u9632\u5fa1\u6027\u7684\u5546\u4e1a\u6a21\u5f0f\u548c\u5feb\u901f\u589e\u957f\u7684\u5728\u7ebf\u4e1a\u52a1\uff0c\u8be5\u80a1\u4ecd\u7136\u6709\u53ef\u80fd\u8dd1\u8d62\u5927\u5e02\u3002<\/p>\n

\u597d\u5e02\u591a\u57285\u670828\u65e5\u516c\u5e03\u4e86\u7b2c\u4e09\u8d22\u5b63\u4e1a\u7ee9\uff0c\u7ed3\u679c\u4ee4\u4eba\u9707\u60ca\u3002\u53d7\u7535\u5b50\u5546\u52a1\u5f3a\u52b2\u589e\u957f\u7684\u63a8\u52a8\uff0c\u51c0\u9500\u552e\u989d\u589e\u957f\u4e867.3%\uff0c\u8fbe\u5230364.5\u4ebf\u7f8e\u5143\u3002\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\uff0c\u7531\u4e8e\u51a0\u72b6\u75c5\u6bd2\u76f8\u5173\u7684\u5927\u91cf\u9700\u6c42\uff0c\u7535\u5b50\u5546\u52a1\u7684\u53ef\u6bd4\u9500\u552e\u989d\u98d9\u5347\u4e8632.3%\u3002<\/p>\n

\u968f\u7740\u5168\u7403\u8bb8\u591a\u5730\u533a\u51a0\u72b6\u75c5\u6bd2\u611f\u67d3\u6570\u91cf\u6fc0\u589e\uff0c\u9884\u8ba1\u597d\u5e02\u591a\u5728\u7b2c\u56db\u5b63\u5ea6\u53c8\u5c06\u8fce\u6765\u5f3a\u52b2\u4e1a\u7ee9\u3002\u7ba1\u7406\u5c42\u62a5\u544a\u79f0\uff0c6\u6708\u4efd\u9500\u552e\u989d\u589e\u957f11%\uff0c\u8fbe\u5230162\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u7535\u5b50\u5546\u52a1\u9500\u552e\u989d\u589e\u957f\u4e8686%\u30024\u6708\u548c5\u6708\u7684\u6570\u636e\u4e5f\u4ee4\u4eba\u522e\u76ee\u76f8\u770b\u3002<\/p>\n

\u597d\u5e02\u591a\u7684\u80a1\u606f\u7387\u4e3a0.86%\uff0c\u786e\u5b9e\u7b97\u4e0d\u4e0a\u9ad8\u3002\u4f46\u8be5\u516c\u53f8\u5728\u8fc7\u53bb\u4e94\u5e74\u91cc\u8fde\u7eed15\u5e74\u589e\u52a0\u6d3e\u606f\uff0c\u590d\u5408\u5e74\u589e\u957f\u7387\u4e3a14.5%\uff0c\u8fd9\u4f7f\u5f97\u8be5\u516c\u53f8\u5728\u80a1\u4ef7\u5927\u5e45\u4e0a\u6da8\u7684\u540c\u65f6\uff0c\u8fd8\u80fd\u5411\u80a1\u4e1c\u8fd4\u8fd8\u73b0\u91d1\u3002<\/p>\n

3. \u4e9a\u9a6c\u900a<\/h2>\n

\u6295\u8d44\u4e9a\u9a6c\u900a\u4e5f\u4e0d\u662f\u5df4\u83f2\u7279\u672c\u4eba\u7684\u4e3b\u610f\u3002\u5c3d\u7ba1\u5df4\u83f2\u7279\u5728\u91d1\u878d\u548c\u5de5\u4e1a\u7c7b\u80a1\u65b9\u9762\u7ecf\u9a8c\u4e30\u5bcc\uff0c\u4f46\u4ed6\u5bf9\u589e\u957f\u578b\u79d1\u6280\u516c\u53f8\u4e00\u76f4\u9887\u4e3a\u8c28\u614e\uff0c\u539f\u56e0\u662f\u8fd9\u4e9b\u516c\u53f8\u73b0\u91d1\u6d41\u4e0d\u592a\u53ef\u9760\uff0c\u4f30\u503c\u4e5f\u504f\u9ad8\u3002<\/p>\n

2019\u5e745\u6708\uff0c\u4f2f\u514b\u5e0c\u5c14\u51b3\u5b9a\u6295\u8d44\u4e9a\u9a6c\u900a\uff0c\u8fd9\u4ee3\u8868\u4e86\u5df4\u83f2\u7279\u601d\u60f3\u7684\u4e00\u6b21\u8f6c\u53d8\uff0c\u4e5f\u56e0\u6b64\u83b7\u5f97\u4e86\u683c\u5916\u4e30\u539a\u7684\u56de\u62a5\u3002\u4eca\u5e74\u8fc4\u4eca\u4e3a\u6b62\uff0c\u4e9a\u9a6c\u900a\u80a1\u4ef7\u5df2\u7ecf\u4e0a\u6da8\u4e8668%\uff0c\u6210\u4e3a\u4f2f\u514b\u5e0c\u5c14\u5728\u75ab\u60c5\u671f\u95f4\u8868\u73b0\u6700\u597d\u7684\u80a1\u7968\u4e4b\u4e00\u3002\u7531\u4e8e\u5feb\u901f\u589e\u957f\u7684\u4e9a\u9a6c\u900a\u7f51\u7edc\u670d\u52a1(AWS)\u4ee5\u53ca\u5411\u6742\u8d27\u3001\u533b\u7597\u4fdd\u5065\u548c\u7269\u6d41\u9886\u57df\u7684\u6269\u5f20\uff0c\u4e9a\u9a6c\u900a\u5728\u6301\u7eed\u8dd1\u8d62\u5927\u5e02\u65b9\u9762\u5df2\u7ecf\u5360\u5f97\u5148\u673a\u3002<\/p>\n

\u4e9a\u9a6c\u900a\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u589e\u957f26%\uff0c\u81f3754.5\u4ebf\u7f8e\u5143\uff0c\u90e8\u5206\u539f\u56e0\u662f\u8be5\u516c\u53f8\u7684\u73b0\u6536\u73b0\u4ed8\u4e91\u8ba1\u7b97\u5e73\u53f0AWS\u4e1a\u52a1\u589e\u957f33%\u3002<\/p>\n

\u5728\u6d88\u8d39\u8005\u65b9\u9762\uff0c\u4e9a\u9a6c\u900a\u6781\u6709\u53ef\u80fd\u901a\u8fc7\u65d7\u4e0b\u7684\u5168\u98df\u8d85\u5e02\u7ee7\u7eed\u6269\u5927\u5728\u98df\u54c1\u767e\u8d27\u884c\u4e1a\u7684\u5e02\u573a\u4efd\u989d\u3002\u75ab\u60c5\u63d0\u632f\u4e86\u6d88\u8d39\u8005\u5728\u7f51\u4e0a\u8d2d\u4e70\u98df\u54c1\u767e\u8d27\u7684\u9700\u6c42\uff0c\u8fd9\u5bf9\u4e9a\u9a6c\u900a\u6765\u8bf4\u662f\u4e00\u4e2a\u673a\u4f1a\uff0c\u53ef\u4ee5\u5229\u7528\u5176\u4e16\u754c\u7ea7\u7684\u5206\u9500\u57fa\u7840\u8bbe\u65bd\uff0c\u4e0e\u6c83\u5c14\u739b\u548c\u5854\u5409\u7279\u7b49\u8fde\u9501\u5e97\u5c55\u5f00\u7ade\u4e89\u3002\u4e9a\u9a6c\u900a\u8fd8\u5728\u6295\u8d44\u4e00\u4e2a\u65b0\u7684\u5927\u578b\u5361\u8f66\u914d\u9001\u8f66\u961f\uff0c\u4ee5\u5e2e\u52a9\u5176\u5728\u7ade\u4e89\u65e5\u76ca\u6fc0\u70c8\u7684\u96f6\u552e\u9886\u57df\u5feb\u4eba\u4e00\u6b65\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5f53\u6c83\u4f26\u2022\u5df4\u83f2\u7279(Warren Buffett)\u6295\u8d44\u4e00\u5bb6\u516c\u53f8\u65f6\uff0c\u82b1\u4e00\u4e9b\u65f6\u95f4\u7814\u7a76\u4e00\u4e0b\u603b\u662f\u9519\u4e0d\u4e86\u7684\u3002\u8fd9\u4f4d\u5177\u6709\u4f20\u5947\u8272\u5f69 […]<\/p>\n","protected":false},"author":31,"featured_media":341699,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521],"tags":[1668,668,558],"class_list":["post-341680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","tag-covid-19-zh-hans","tag-668","tag-558","sectors-1602","sectors-technology-zh-hans","locations-us-zh-hans","exchange-nasdaq-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/341680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=341680"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/341680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/341699"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=341680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=341680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=341680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}