{"id":412008,"date":"2022-01-24T23:36:31","date_gmt":"2022-01-25T07:36:31","guid":{"rendered":"https:\/\/nai500.com\/?p=412008"},"modified":"2022-01-24T23:36:31","modified_gmt":"2022-01-25T07:36:31","slug":"%e6%91%a9%e6%a0%b9%e5%a3%ab%e4%b8%b9%e5%88%a9%e5%8f%91%e5%87%ba%e8%ad%a6%e5%91%8a%ef%bc%8c%e7%be%8e%e8%82%a1%e5%af%92%e5%86%ac%e5%b7%b2%e8%87%b3","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2022\/01\/%e6%91%a9%e6%a0%b9%e5%a3%ab%e4%b8%b9%e5%88%a9%e5%8f%91%e5%87%ba%e8%ad%a6%e5%91%8a%ef%bc%8c%e7%be%8e%e8%82%a1%e5%af%92%e5%86%ac%e5%b7%b2%e8%87%b3\/","title":{"rendered":"\u6469\u6839\u58eb\u4e39\u5229\u53d1\u51fa\u8b66\u544a\uff0c\u7f8e\u80a1\u201c\u5bd2\u51ac\u5df2\u81f3\u201d"},"content":{"rendered":"<p>\u6700\u8fd1\uff0c<a href=\"https:\/\/nai500.com\/zh-hans\/blog\/2022\/01\/jeremy-grantham-%e7%be%8e%e8%81%94%e5%82%a8-%e7%be%8e%e8%82%a1%e8%85%b0%e6%96%a9\/\">\u5531\u7a7a\u7f8e\u80a1\u7684\u4eba\u8d8a\u6765\u8d8a\u591a<\/a>\uff0c\u6bd4\u5982\u8bf4\u6700\u8fd1\u7684\u6709\u6469\u6839\u58eb\u4e39\u5229\u7684\u7b56\u7565\u5e08Michael Wilson\u3002<\/p>\n<p>\u5bf9\u4e8e\u7f8e\u56fd\u80a1\u5e02\u8fd1\u4e24\u5e74\u7684\u8fed\u521b\u65b0\u9ad8\uff0cWilson\u4e00\u76f4\u6301\u6000\u7591\u6001\u5ea6\u3002\u4ed6\u5468\u4e00\u8868\u793a\uff0c1\u6708\u7f8e\u80a1\u7684\u5927\u8dcc\u201c\u6b63\u597d\u543b\u5408\u4e86\u201d\u4ed6\u6240\u8c13\u7684\u7f8e\u80a1\u201c\u5bd2\u51ac\u5df2\u81f3\u201d\u7684\u8bf4\u6cd5\u3002\u5728\u8d27\u5e01\u653f\u7b56\u6536\u7d27\u4ee5\u53ca\u7ecf\u6d4e\u589e\u957f\u51cf\u901f\u7684\u53cc\u91cd\u5939\u51fb\u4e0b\uff0c\u80a1\u5e02\u7684\u56de\u64a4\u6761\u4ef6\u5df2\u7ecf\u6210\u719f\u3002\u5728\u4ed6\u770b\u6765\uff0c\u589e\u957f\u653e\u7f13\u7684\u7ecf\u6d4e\u5c06\u53d6\u4ee3\u7f8e\u8054\u50a8\u7684\u653f\u7b56\u6210\u4e3a\u62d6\u7d2f\u7f8e\u80a1\u4e0b\u8dcc\u7684\u4e3b\u8981\u529b\u91cf\u3002<\/p>\n<p>\u201c\u6211\u4eec\u4e00\u76f4\u5728\u76d1\u63a7PMI\u548c\u76c8\u5229\u4fee\u6b63\u5bbd\u5ea6\uff0c\u4ece\u4e2d\u5bfb\u627e\u7ecf\u6d4e\u653e\u7f13\u89c1\u5e95\u7684\u8ff9\u8c61\uff0c\u4f46\u5728\u6211\u4eec\u770b\u6765\uff0c\u8fd9\u8fd8\u6709\u76f8\u5f53\u957f\u7684\u4e00\u6bb5\u8def\u8981\u8d70\uff0c\u800c\u80a1\u5e02\u5c1a\u672a\u5bf9\u6b64\u4e88\u4ee5\u4f53\u73b0\u3002\u201d\u6469\u6839\u58eb\u4e39\u5229\u7684\u7b56\u7565\u5e08\u4eec\u8868\u793a\u3002\u201c\u73b0\u5728\u770b\u6da8\u4e3a\u65f6\u5c1a\u65e9\u3002\u201d<\/p>\n<p>\u7f8e\u80a1\u6700\u8fd1\u8dcc\u5f97\u771f\u7684\u6709\u70b9\u60e8\u3002\u79d1\u6280\u80a1\u666e\u8dcc\uff0c\u7eb3\u65af\u8fbe\u514b100\u6307\u6570\u4eca\u5e74\u8fc4\u4eca\u5df2\u7ecf\u4e0b\u8dcc\u8fd112%\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u5c0f\u5e02\u503c\u80a1\u7968\u5bc6\u96c6\u7684\u7f57\u7d202000\u6307\u6570\u4e5f\u7f34\u68b0\u6295\u964d\uff0c\u5468\u4e00\u7684\u4f4e\u70b9\u8f83\u5176\u53bb\u5e7411\u6708\u7684\u9ad8\u70b9\u5df2\u7ecf\u4e0b\u8dcc21%\u3002\u53e6\u5916\u5728\u4e0a\u5468\u4e94\uff0c\u8be5\u6307\u6570\u8d85\u8fc7\u56db\u5206\u4e4b\u4e00\u7684\u6210\u5206\u80a1\u80a1\u4ef7\u89e6\u53ca52\u5468\u4f4e\u70b9\uff0c\u521b2020\u5e743\u6708\u4ee5\u6765\u7684\u6700\u9ad8\u3002\u6700\u540e\uff0c\u6807\u666e500\u6307\u6570\u8f83\u51763\u5468\u524d\u7684\u5386\u53f2\u6536\u76d8\u4ef7\u4e5f\u4e00\u5ea6\u4e0b\u8dcc12%\uff0c\u597d\u5728\u6700\u540e\u8fd8\u662f\u6536\u6da8\u3002<\/p>\n<p>\u5728\u672c\u5468\u4e09\u4e3e\u884c\u7684\u7f8e\u8054\u50a8\u4f1a\u8bae\u4e0a\uff0c\u5e02\u573a\u666e\u904d\u9884\u8ba1\u7f8e\u8054\u50a8\u5b98\u5458\u5c06\u91ca\u653e\u51fa3\u6708\u5f00\u59cb\u52a0\u606f\u5e76\u968f\u540e\u5f88\u5feb\u7f29\u8868\u7684\u4fe1\u53f7\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u5230\u76ee\u524d\u4e3a\u6b62\uff0c\u8d22\u62a5\u5b63\u672a\u80fd\u5b89\u629a\u5e02\u573a\u5bf9\u4e8e\u5b8f\u89c2\u7ecf\u6d4e\u5c55\u671b\u8d8a\u6765\u8d8a\u60b2\u89c2\u7684\u60c5\u7eea\u3002<\/p>\n<p>\u9ad8\u76db\u7b56\u7565\u5e08\u5468\u4e00\u6307\u51fa\uff0c\u672a\u6765\u51e0\u4e2a\u6708\u7684\u8d22\u6d4b\u90fd\u201c\u8ba9\u4eba\u5931\u671b\u201d\uff0c\u6807\u666e500\u6307\u6570\u5f53\u4e2d\u53ea\u6709\u4e00\u5bb6\u516c\u53f8\u2014\u2014<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=MU\">\u7f8e\u5149\u79d1\u6280Micron Technology\uff08NASDAQ:MU\uff09<\/a>\u540c\u65f6\u76c8\u5229\u8d85\u9884\u671f\u5e76\u4e0a\u8c03\u8d22\u6d4b\u3002\u5e02\u573a\u6108\u53d1\u62c5\u5fc3\uff0c\u7f8e\u8054\u50a8\u7684\u8f6c\u9e70\u53ef\u80fd\u4f1a\u635f\u5bb3\u4e0a\u5e02\u516c\u53f8\u7684\u76c8\u5229\u589e\u957f\u3002\u6295\u8d44\u8005\u8fd1\u671f\u6025\u9700\u50ac\u5316\u5242\uff0c\u4f46\u5f80\u5f80\u7f3a\u4ec0\u4e48\u5c31\u5c11\u4ec0\u4e48\u3002<\/p>\n<p>\u4f5c\u4e3a\u5e94\u5bf9\u7b56\u7565\uff0c\u6469\u6839\u58eb\u4e39\u5229\u7684Wilson\u518d\u6b21\u63a8\u8350\u504f\u9632\u5fa1\u7684\u4ef7\u503c\u80a1\u3002\u9ad8\u76db\u56e2\u961f\u504f\u7231\u5177\u5907\u5f3a\u5927\u5b9a\u4ef7\u6743\u7684\u80a1\u7968\uff0c\u800c\u6469\u6839\u5927\u901a\u7684Mislav Matejka\u8ba4\u4e3a\u6b27\u6d32\u548c\u82f1\u56fd\u7684\u80a1\u7968\u76f8\u6bd4\u7f8e\u80a1\u62b5\u5fa1\u5229\u7387\u4e0a\u5347\u51b2\u51fb\u7684\u80fd\u529b\u66f4\u5f3a\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6700\u8fd1\uff0c\u5531\u7a7a\u7f8e\u80a1\u7684\u4eba\u8d8a\u6765\u8d8a\u591a\uff0c\u6bd4\u5982\u8bf4\u6700\u8fd1\u7684\u6709\u6469\u6839\u58eb\u4e39\u5229\u7684\u7b56\u7565\u5e08Michael Wilson\u3002 \u5bf9\u4e8e\u7f8e\u56fd\u80a1\u5e02\u8fd1\u4e24\u5e74 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":412009,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430],"tags":[],"class_list":["post-412008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","sectors-life-science-zh-hans","sectors-mining-zh-hans","sectors-oil-gas-zh-hans","sectors-financial-products-zh-hans","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\/412008","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\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=412008"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/412008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/412009"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=412008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=412008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=412008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}