{"id":399517,"date":"2021-09-28T20:10:15","date_gmt":"2021-09-29T03:10:15","guid":{"rendered":"https:\/\/nai500.com\/?p=399517"},"modified":"2021-09-28T20:14:29","modified_gmt":"2021-09-29T03:14:29","slug":"%e6%a1%a5%e6%b0%b4-%e5%9f%ba%e9%87%91-ray-dalio-%e4%b9%b0%e5%85%a5-%e8%bf%9910%e5%8f%aa-%e8%82%a1%e7%a5%a8%ef%bc%81","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2021\/09\/%e6%a1%a5%e6%b0%b4-%e5%9f%ba%e9%87%91-ray-dalio-%e4%b9%b0%e5%85%a5-%e8%bf%9910%e5%8f%aa-%e8%82%a1%e7%a5%a8%ef%bc%81\/","title":{"rendered":"\u5c0f\u672c\u672c\u8bb0\u4e0b\u6765\uff0c\u6865\u6c34\u57fa\u91d1\u7684Ray Dalio\u6b63\u5728\u4e70\u5165\u8fd910\u53ea\u80a1\u7968\uff01"},"content":{"rendered":"<p>\u5728\u8fd9\u7bc7\u6587\u7ae0\u4e2d\uff0c\u6211\u4eec\u56de\u987e\u4e86\u6865\u6c34\u57fa\u91d1(Bridgewater Associates)\u521b\u59cb\u4ebaRay Dalio\u7684\u6295\u8d44\u7ec4\u5408\u8c03\u6574\u7b56\u7565\uff0c\u4ee5\u5e94\u5bf9\u80a1\u5e02\u51fa\u73b0\u7684\u6ce2\u52a8\u3002\u6211\u4eec\u8fd8\u8ba8\u8bba\u4e86\u8fd9\u540d\u4ebf\u4e07\u5bcc\u8c6a\u6295\u8d44\u8005\u6b63\u5728\u8d2d\u4e70\u7684\u5341\u53ea\u80a1\u7968\u3002<\/p>\n<p>Raymond Thomas Dalio\u4ef7\u503c2230\u4ebf\u7f8e\u5143\u7684\u6865\u6c34\u57fa\u91d1\u88ab\u5217\u4e3a\u5168\u4e16\u754c\u6700\u597d\u548c\u89c4\u6a21\u6700\u5927\u7684\u5bf9\u51b2\u57fa\u91d1\u4e4b\u4e00\u3002\u8fd9\u4f4d72\u5c81\u7684\u4f20\u5947\u6295\u8d44\u8005\u53d1\u660e\u4e86\u8bb8\u591a\u5e38\u7528\u7684\u91d1\u878d\u7b56\u7565\uff0c\u5982\u5168\u7403\u901a\u8d27\u81a8\u80c0\u6307\u6570\u503a\u5238\u3001\u8d27\u5e01\u7ba1\u7406\u5916\u5305\u3001\u53ef\u8f6c\u79fb\u963f\u5c14\u6cd5\u548c\u98ce\u9669\u5747\u8861\u3002<\/p>\n<p>1975\u5e74\uff0cDalio\u5728\u81ea\u5df1\u7ebd\u7ea6\u7684\u516c\u5bd3\u91cc\u521b\u529e\u4e86Bridgewater Associates\uff0c\u5e76\u81ea1985\u5e74\u4ee5\u6765\u62c5\u4efb\u8054\u5408\u9996\u5e2d\u6295\u8d44\u5b98\u3002LCH Investments\u79f0Dalio\u662f\u6709\u53f2\u4ee5\u6765\u6700\u597d\u7684\u5bf9\u51b2\u57fa\u91d1\u7ecf\u7406\uff0c\u6865\u6c34\u57fa\u91d1\u81ea\u6210\u7acb\u4ee5\u6765\u51c0\u6536\u76ca\u8fbe465\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u76ee\u524d\uff0c\u8be5\u57fa\u91d1\u6b63\u5728\u5bfb\u6c42\u6301\u6709\u90a3\u4e9b\u62e5\u6709\u5f3a\u5927\u5546\u4e1a\u6a21\u5f0f\u548c\u5f3a\u5927\u73b0\u91d1\u751f\u6210\u6f5c\u529b\u7684\u6210\u719f\u516c\u53f8\u7684\u80a1\u7968\u3002\u6865\u6c34\u57fa\u91d1\u57282020\u5e74\u4e8f\u635f\u4e86121\u4ebf\u7f8e\u5143\uff0c\u5e76\u5728\u6d88\u8d39\u5fc5\u9700\u54c1\u3001\u975e\u5fc5\u9700\u6d88\u8d39\u54c1\u3001\u533b\u7597\u4fdd\u5065\u548c\u901a\u4fe1\u7c7b\u80a1\u7968\u4e0a\u503e\u6ce8\u4e86\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u6295\u8d44\u3002\u53bb\u5e74\uff0c\u6295\u8d44\u91d1\u878d\u80a1\u7968\u3001\u503a\u52a1\u8bc1\u5238\u548c\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\u7ed9\u8fd9\u4f4d\u7f8e\u56fd\u4ebf\u4e07\u5bcc\u7fc1\u9020\u6210\u4e86\u635f\u5931\uff0cDalio\u73b0\u5728\u5728\u798f\u5e03\u65af\u5bcc\u8c6a\u699c\u4e0a\u6392\u540d\u7b2c88\u4f4d\uff0c\u51c0\u8d44\u4ea7\u7ea6\u4e3a200\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u4ed6\u7684\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u4ef7\u503c155.8\u4ebf\u7f8e\u5143\u768413F\u8bc1\u5238\uff0c\u5728\u7b2c\u4e8c\u5b63\u5ea6\u7ed3\u675f\u65f6\uff0c\u53ea\u670923%\u7684\u6295\u8d44\u7ec4\u5408\u5728\u91d1\u878d\u9886\u57df\uff0c\u800c\u57282019\u5e74\u5e95\uff0c\u8fd9\u4e00\u6bd4\u4f8b\u9ad8\u8fbe81%\u3002\u7b2c\u4e8c\u5b63\u5ea6\uff0cDalio\u52a0\u500d\u6295\u8d44\u4e8e\u9876\u7ea7\u6d88\u8d39\u7c7b\u516c\u53f8\uff0c\u5305\u62ec\u661f\u5df4\u514bStarbucks Corporation (NASDAQ:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=SBUX\" data-ylk=\"slk:SBUX\" data-rapid_p=\"69\" data-v9y=\"1\">SBUX<\/a>)\u3001\u597d\u5e02\u591aCostco Wholesale Corporation (NYSE:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=COST\" data-ylk=\"slk:COST\" data-rapid_p=\"70\" data-v9y=\"1\">COST<\/a>)\u548c\u9ea6\u5f53\u52b3McDonald\u2019s Corporation (NYSE:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=MCD\" data-ylk=\"slk:MCD\" data-rapid_p=\"71\" data-v9y=\"1\">MCD<\/a>)\u3002<\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0c\u6865\u6c34\u57fa\u91d1\u7b2c\u4e8c\u5b63\u5ea6\u8fd8\u5927\u5e45\u589e\u6301\u4e86\u5b9d\u6d01\u516c\u53f8Procter &amp; Gamble Co (NYSE:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=PG\" data-ylk=\"slk:PG\" data-rapid_p=\"72\" data-v9y=\"1\">PG<\/a>)\u3001\u5f3a\u751fJohnson &amp; Johnson (NYSE:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=JNJ\" data-ylk=\"slk:JNJ\" data-rapid_p=\"73\" data-v9y=\"1\">JNJ<\/a>)\u3001\u6c83\u5c14\u739bWalmart Inc. (NYSE:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=WMT\" data-ylk=\"slk:WMT\" data-rapid_p=\"74\" data-v9y=\"1\">WMT<\/a>)\u548c\u767e\u4e8b\u53ef\u4e50PepsiCo, Inc. (NASDAQ:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=PEP\" data-ylk=\"slk:PEP\" data-rapid_p=\"75\" data-v9y=\"1\">PEP<\/a>) \u3002<\/p>\n<p>\u4e0b\u9762\u5c31\u662f\u8fd9\u540d\u4ebf\u4e07\u5bcc\u8c6a\u6295\u8d44\u8005\u6b63\u5728\u4e70\u5165\u7684\u5341\u53ea\u80a1\u7968\uff0c\u8ba9\u6211\u4eec\u6765\u4e00\u63a2\u7a76\u7adf\uff1a<\/p>\n<h3>10. Danaher Corporation (NYSE:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=DHR\" data-ylk=\"slk:DHR\" data-rapid_p=\"78\" data-v9y=\"1\">DHR<\/a>)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 2.3<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 1.48%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 78<\/em><\/strong><\/p>\n<p>Dalio\u5bf9Danaher Corporation (NYSE:DHR)\u5e94\u8be5\u6ca1\u770b\u9519\uff0c\u56e0\u4e3a\u8fd9\u5bb6\u533b\u7597\u4fdd\u5065\u8bbe\u5907\u5236\u9020\u5546\u7684\u80a1\u4ef7\u4eca\u5e74\u8fc4\u4eca\u5df2\u5927\u6da846%\u3002\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u6865\u6c34\u57fa\u91d1\u5c06\u5176\u5728Danaher Corporation\u7684\u73b0\u6709\u80a1\u4efd\u63d0\u9ad8\u4e8693%\uff0c\u8fbe\u5230857,833\u80a1\u3002\u9664\u4e86\u80a1\u4ef7\u4e0a\u6da8\uff0c\u8be5\u80a1\u8fd8\u63d0\u4f9b\u6bcf\u80a10.21\u7f8e\u5143\u7684\u5b63\u5ea6\u80a1\u606f\uff0c\u6536\u76ca\u7387\u7ea6\u4e3a0.26%\u3002<\/p>\n<p>Danaher\u5728\u7b2c\u4e8c\u5b63\u5ea6\u8fdb\u884c\u4e86\u4e00\u6b21\u5f15\u4eba\u6ce8\u76ee\u7684\u6536\u8d2d\uff0c\u4ee590\u4ebf\u7f8e\u5143\uff08\u7ea6\u5360\u5176\u5e02\u503c\u76845%\uff09\u6536\u8d2d\u4e86\u79c1\u6709\u7684Aldevron\uff0c\u8be5\u516c\u53f8\u662f\u5feb\u901f\u53d1\u5c55\u7684\u57fa\u56e0\u7ec4\u533b\u5b66\u9886\u57df\u7684\u9886\u5148\u8005\u3002\u591a\u5e74\u6765\uff0cDanaher\u5df2\u7ecf\u5efa\u7acb\u4e86\u4e00\u4e2a\u72ec\u7279\u7684\u751f\u547d\u79d1\u5b66\u548c\u8bca\u65ad\u8d44\u4ea7\u7ec4\u5408\u3002\u4e3b\u8981\u751f\u547d\u79d1\u5b66\u4e1a\u52a1\u6d89\u53ca\u4e3a\u7814\u7a76\u3001\u5f00\u53d1\u548c\u5236\u9020\u751f\u7269\u6280\u672f\u836f\u7269\u63d0\u4f9b\u5de5\u5177\u548c\u670d\u52a1\u3002\u4f8b\u5982\uff0c\u8be5\u516c\u53f8\u662f\u5168\u7403400\u591a\u4e2aCOVID\u75ab\u82d7\u548c\u6cbb\u7597\u9879\u76ee\u7684\u5173\u952e\u4f9b\u5e94\u5546\u3002<\/p>\n<h3>9. \u661f\u5df4\u514bStarbucks Corporation (NASDAQ:SBUX)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 2.34<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 1.50%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 63<\/em><\/strong><\/p>\n<p>\u661f\u5df4\u514b\u662f\u7f8e\u56fd\u6700\u597d\u7684\u6d3e\u606f\u516c\u53f8\u4e4b\u4e00\u3002\u76ee\u524d\uff0c\u6295\u8d44\u661f\u5df4\u514b\u80a1\u7968\u7684\u80a1\u606f\u6536\u76ca\u7387\u4e3a1.80%\uff0c\u800c\u4e14\u661f\u5df4\u514b\u7684\u80a1\u4ef7\u5728\u8fc7\u53bb12\u4e2a\u6708\u4e2d\u98d9\u5347\u4e8630%\uff0c\u8fd9\u5f53\u7136\u79bb\u4e0d\u5f00\u5f3a\u52b2\u7684\u8d22\u52a1\u589e\u957f\u548c\u66f4\u5149\u660e\u7684\u7ecf\u6d4e\u590d\u82cf\u524d\u666f\u3002<\/p>\n<p>\u57282021\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u7684\u6295\u8d44\u8005\u4fe1\u4e2d\uff0cPolen Capital\u63d0\u5230\u4e86\u4e00\u4e9b\u80a1\u7968\uff0c\u5176\u4e2d\u5c31\u5305\u62ec\u661f\u5df4\u514b\uff0c\u4fe1\u4e2d\u5199\u9053\uff0c\u201c\u5bf9\u4e8e\u661f\u5df4\u514b\u6765\u8bf4\uff0c\u6211\u4eec\u8ba4\u4e3a\u8be5\u516c\u53f8\u7684\u57fa\u7840\u4e1a\u52a1\u4ecd\u7136\u5f3a\u52b2\u3002\u661f\u5df4\u514b\u4e00\u76f4\u5728\u52aa\u529b\u5e94\u5bf9\u5927\u6d41\u884c\u75c5\u7684\u5f71\u54cd\uff0c\u800c\u8d22\u62a5\u7ee7\u7eed\u663e\u793a\u51fa\u5927\u6d41\u884c\u75c5\u540e\u7684\u6301\u7eed\u6062\u590d\u3002\u201d<\/p>\n<h3>8. \u963f\u91cc\u5df4\u5df4Alibaba Group Holding Limited (NYSE:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=BABA\" data-ylk=\"slk:BABA\" data-rapid_p=\"82\" data-v9y=\"1\">BABA<\/a>)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 3.21<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.06%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 146<\/em><\/strong><\/p>\n<p>\u6839\u636e\u7b2c\u4e8c\u5b63\u5ea6\u7684\u4e0a\u62a5\u6587\u4ef6\uff0c\u6865\u6c34\u57fa\u91d1\u5c06\u5176\u5728\u4e2d\u56fd\u6700\u5927\u7684\u7535\u5b50\u5546\u52a1\u5e73\u53f0\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u7684\u80a1\u4efd\u589e\u52a0\u4e862%\uff0c\u81f3141\u4e07\u80a1\u3002\u4e0d\u8fc7\uff0c\u963f\u91cc\u5df4\u5df4\u80a1\u4ef7\u4eca\u5e74\u56e0\u76d1\u7ba1\u95ee\u9898\u800c\u5927\u5e45\u4e0b\u8dcc\u3002<\/p>\n<h3>7. \u9ea6\u5f53\u52b3McDonald\u2019s Corporation (NYSE:MCD)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 3.22<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.07%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 66<\/em><\/strong><\/p>\n<p>\u9ea6\u5f53\u52b3\u516c\u53f8\u73b0\u5728\u5728Ray Dalio\u4e70\u5165\u7684\u80a1\u7968\u540d\u5355\u4e2d\u6392\u540d\u7b2c\u516d\u3002\u6839\u636e\u7b2c\u4e8c\u5b63\u5ea6\u768413F\u6587\u4ef6\uff0c\u6865\u6c34\u57fa\u91d1\u5c06\u5176\u5728\u9ea6\u5f53\u52b3\u516c\u53f8\u7684\u4ed3\u4f4d\u63d0\u9ad8\u4e8648%\uff0c\u8fbe\u52303.22\u4ebf\u7f8e\u5143\u3002\u9ea6\u5f53\u52b3\u80a1\u4ef7\u4eca\u5e74\u8fc4\u4eca\u5df2\u5927\u6da813%\u3002<\/p>\n<h3>6. \u597d\u5e02\u591aCostco Wholesale Corporation (NYSE:COST)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 3.33<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.14%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 54<\/em><\/strong><\/p>\n<p>\u6865\u6c34\u57fa\u91d1\u5c06\u5176\u5728\u597d\u5e02\u591a\u7684\u6301\u80a1\u6bd4\u91cd\u589e\u52a0\u4e8649%\uff0c\u5360\u5230\u5176\u6574\u4e2a\u6295\u8d44\u7ec4\u5408\u76842.14%\u3002\u5728\u7b2c\u4e8c\u5b63\u5ea6\u672b\uff0c\u6865\u6c34\u57fa\u91d1\u5171\u6301\u6709\u4ef7\u503c3.33\u4ebf\u7f8e\u5143\u7684\u597d\u5e02\u591a\u80a1\u7968\uff0c\u6210\u4e3aDalio\u7684\u7b2c\u4e94\u5927\u6301\u80a1\u3002\u597d\u5e02\u591a\u80a1\u4ef7\u81ea\u4eca\u5e74\u5e74\u521d\u4ee5\u6765\u98d9\u5347\u4e8632%\uff0c\u8be5\u516c\u53f8\u8fd8\u63d0\u4f9b0.69%\u7684\u80a1\u606f\u6536\u76ca\u7387\u3002<\/p>\n<h3>5. \u767e\u4e8b\u53ef\u4e50PepsiCo, Inc. (NASDAQ:PEP)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 3.95<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em> \u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.54%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 66<\/em><\/strong><\/p>\n<p>Ray Dalio\u5bf9\u6d88\u8d39\u7c7b\u516c\u53f8\u767e\u4e8b\u53ef\u4e50\u7684\u4fe1\u5fc3\u6700\u8fd1\u4e5f\u5f97\u5230\u4e86\u589e\u5f3a\u3002\u6865\u6c34\u57fa\u91d1\u57282021\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5c06\u6301\u6709\u7684\u767e\u4e8b\u53ef\u4e50\u7684\u80a1\u4efd\u589e\u52a0\u4e8649%\uff0c\u8fbe\u5230\u6574\u4e2a\u6295\u8d44\u7ec4\u5408\u76842.54%\u3002\u767e\u4e8b\u53ef\u4e50\u5728\u901a\u8fc7\u5206\u7ea2\u4e3a\u6295\u8d44\u8005\u521b\u9020\u56de\u62a5\u65b9\u9762\u6709\u7740\u60a0\u4e45\u7684\u5386\u53f2\u3002\u5728\u8fc7\u53bb\u768449\u5e74\u91cc\uff0c\u767e\u4e8b\u516c\u53f8\u8fde\u7eed\u589e\u52a0\u4e86\u80a1\u606f\uff0c\u73b0\u5728\u7684\u80a1\u606f\u6536\u76ca\u7387\u7ea6\u4e3a2.9%\u3002<\/p>\n<p>\u8fd1\u51e0\u4e2a\u6708\uff0c\u534e\u5c14\u8857\u806a\u660e\u7684\u8d44\u91d1\u5bf9\u767e\u4e8b\u53ef\u4e50\u4e5f\u66f4\u52a0\u70ed\u8877\u30022021\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u672b\uff0c\u767e\u4e8b\u53ef\u4e50\u51fa\u73b0\u572866\u5bb6\u5bf9\u51b2\u57fa\u91d1\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\uff0c\u800c\u4e0a\u4e00\u5b63\u5ea6\u4e3a61\u5bb6\u3002<\/p>\n<h3>4. \u53ef\u53e3\u53ef\u4e50The Coca-Cola Company (NYSE:<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=KO\">KO<\/a>)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 4.45<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.86%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 62<\/em><\/strong><\/p>\n<p>\u7531\u4e8e\u53ef\u53e3\u53ef\u4e50\u516c\u53f8\u6709\u957f\u8fbe59\u5e74\u7684\u80a1\u606f\u589e\u957f\u5386\u53f2\uff0c\u5728\u80a1\u606f\u6295\u8d44\u7ec4\u5408\u4e2d\u662f\u4e00\u652f\u975e\u5e38\u4f18\u79c0\u7684\u80a1\u7968\u3002\u76ee\u524d\uff0c\u53ef\u53e3\u53ef\u4e50\u7684\u80a1\u606f\u6536\u76ca\u7387\u7ea6\u4e3a3.09%\uff0c\u5b63\u5ea6\u80a1\u606f\u4e3a\u6bcf\u80a10.42\u7f8e\u5143\u3002Ray Dalio\u7684\u57fa\u91d1\u5728\u7b2c\u4e8c\u5b63\u5ea6\u5c06\u5176\u5728\u53ef\u53e3\u53ef\u4e50\u7684\u80a1\u4efd\u589e\u52a0\u4e8645%\uff0c\u8fbe\u52304.45\u4ebf\u7f8e\u5143\u3002<\/p>\n<h3>3. \u5f3a\u751fJohnson &amp; Johnson (NYSE:JNJ)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 4.65<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.98%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 88<\/em><\/strong><\/p>\n<p>\u533b\u836f\u5de8\u5934\u5f3a\u751f\u516c\u53f8\u4e5f\u662f\u7b2c\u4e8c\u5b63\u5ea6\u83b7\u5f97Ray Dalio\u4fe1\u4efb\u7684\u516c\u53f8\u4e4b\u4e00\uff0c\u6865\u6c34\u57fa\u91d1\u5c06\u5176\u5728\u5f3a\u751f\u7684\u80a1\u4efd\u589e\u52a0\u4e8665%\u81f3282\u4e07\u80a1\u3002\u5728\u5176\u5e7f\u6cdb\u7684\u80a1\u606f\u589e\u957f\u5386\u53f2\u4e2d\uff0c\u5f3a\u751f\u516c\u53f8\u4e00\u76f4\u88ab\u8ba4\u4e3a\u662f\u80a1\u606f\u738b\u8005\u3002\u4eca\u5e74\u8fc4\u4eca\u4e3a\u6b62\uff0c\u5176\u80a1\u4ef7\u4e0a\u6da8\u63a5\u8fd15%\u3002<\/p>\n<p>\u5176\u4ed6\u5bf9\u51b2\u57fa\u91d1\u5bf9\u5f3a\u751f\u7684\u5174\u8da3\u4e5f\u5728\u589e\u52a0\u3002\u7b2c\u4e8c\u5b63\u5ea6\u672b\uff0c\u5171\u670988\u5bb6\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u5f3a\u751f\u7684\u80a1\u7968\uff0c\u524d\u4e00\u5b63\u5ea6\u4e3a81\u5bb6\u3002<\/p>\n<h3>2. \u5b9d\u6d01The Procter &amp; Gamble Company (NYSE:PG)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 6.41<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 4.11%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 68<\/em><\/strong><\/p>\n<p>\u5728\u4ebf\u4e07\u5bcc\u7fc1Ray Dalio\u773c\u4e2d\uff0c\u6d88\u8d39\u54c1\u5de8\u5934\u5b9d\u6d01\u516c\u53f8\u4ecd\u7136\u662f\u6700\u503c\u5f97\u8d2d\u4e70\u7684\u80a1\u7968\u4e4b\u4e00\u3002\u6865\u6c34\u57fa\u91d1\u5728\u7b2c\u4e8c\u5b63\u5ea6\u672b\u5c06\u5176\u5728\u5b9d\u6d01\u7684\u80a1\u4efd\u63d0\u9ad8\u4e8647%\uff0c\u4ef7\u503c6.41\u4ebf\u7f8e\u5143\uff0c\u5360\u6574\u4e2a\u6295\u8d44\u7ec4\u5408\u76844.11%\u3002\u5b9d\u6d01\u4e5f\u5df2\u7ecf\u8fde\u7eed64\u5e74\u589e\u52a0\u80a1\u606f\uff0c\u5176\u80a1\u606f\u6536\u76ca\u7387\u76ee\u524d\u4e3a2.55%\u3002<\/p>\n<p>\u5bf9\u4e8e\u5b9d\u6d01\u8fd9\u53ea\u80a1\u7968\uff0c\u5bf9\u51b2\u57fa\u91d1\u8fd1\u51e0\u4e2a\u6708\u7684\u6295\u8d44\u5174\u8da3\u4f3c\u4e4e\u6709\u6240\u51cf\u5f31\u3002\u7b2c\u4e00\u5b63\u5ea6\u672b\u65f6\uff0c\u5171\u670970\u5bb6\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u5b9d\u6d01\u516c\u53f8\u7684\u80a1\u7968\uff0c\u8fd9\u4e2a\u6570\u5b57\u5230\u7b2c\u4e8c\u5b63\u5ea6\u672b\u53d8\u621068\u5bb6\u3002<\/p>\n<h3>1. \u6c83\u5c14\u739bWalmart Inc. (NYSE:WMT)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6865\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u4ef7\u503c<\/em><\/strong><strong><em>: 7.36<\/em><\/strong><strong><em>\u4ebf\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6865\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8d44\u7ec4\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 4.72%<\/em><\/strong><\/p>\n<p><strong><em>\u5bf9\u51b2\u57fa\u91d1\u6301\u6709\u8005\u7684\u6570\u91cf<\/em><\/strong><strong><em>: 71<\/em><\/strong><\/p>\n<p>\u6865\u6c34\u57fa\u91d1\u7b2c\u4e8c\u5b63\u5ea6\u5c06\u5176\u5728\u6c83\u5c14\u739b\u7684\u4ed3\u4f4d\u589e\u52a0\u4e8645%\uff0c\u8fbe\u52307.36\u4ebf\uff0c\u6210\u4e3a\u517613F\u6295\u8d44\u7ec4\u5408\u4e2d\u6301\u6709\u6700\u591a\u7684\u80a1\u7968\u3002\u6c83\u5c14\u739b\u5728\u901a\u8fc7\u5206\u7ea2\u5411\u80a1\u4e1c\u8fd4\u8fd8\u73b0\u91d1\u65b9\u9762\u4e5f\u6709\u7740\u60a0\u4e45\u7684\u5386\u53f2\u3002\u76ee\u524d\uff0c\u6c83\u5c14\u739b\u63d0\u4f9b\u7684\u5b63\u5ea6\u80a1\u606f\u4e3a\u6bcf\u80a10.55\u7f8e\u5143\uff0c\u6536\u76ca\u7387\u7ea6\u4e3a1.57%\u3002<\/p>\n<p>\u622a\u81f3\u7b2c\u4e8c\u5b63\u5ea6\u672b\uff0c\u6c83\u5c14\u739b\u51fa\u73b0\u572871\u5bb6\u5bf9\u51b2\u57fa\u91d1\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\uff0c\u4e0e\u524d\u4e00\u5b63\u5ea6\u768458\u5bb6\u76f8\u6bd4\uff0c\u673a\u6784\u6295\u8d44\u5174\u8da3\u5927\u5e45\u589e\u52a0\u3002<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5728\u8fd9\u7bc7\u6587\u7ae0\u4e2d\uff0c\u6211\u4eec\u56de\u987e\u4e86\u6865\u6c34\u57fa\u91d1(Bridgewater Associates)\u521b\u59cb\u4ebaRay Dalio\u7684\u6295\u8d44 [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":399518,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[427,1521],"tags":[455,668,522],"class_list":["post-399517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","category-1521","tag-455","tag-668","tag-522","sectors-1602","sectors-life-science-zh-hans","sectors-financial-products-zh-hans","locations-canada-zh-hans","locations-us-zh-hans","exchange-nasdaq-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/399517","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=399517"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/399517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/399518"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=399517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=399517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=399517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}