{"id":447305,"date":"2022-12-16T20:11:00","date_gmt":"2022-12-17T04:11:00","guid":{"rendered":"https:\/\/nai500.com\/?p=447305"},"modified":"2022-12-16T20:13:03","modified_gmt":"2022-12-17T04:13:03","slug":"%e5%b7%b4%e8%8f%b2%e7%89%b9-%e4%bc%af%e5%85%8b-%e5%b8%8c%e5%b0%94-%e5%93%88%e6%92%92%e9%9f%a6-%e8%82%a1%e7%a5%a8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2022\/12\/%e5%b7%b4%e8%8f%b2%e7%89%b9-%e4%bc%af%e5%85%8b-%e5%b8%8c%e5%b0%94-%e5%93%88%e6%92%92%e9%9f%a6-%e8%82%a1%e7%a5%a8\/","title":{"rendered":"\u7814\u7a76\u5df4\u83f2\u7279\u9009\u80a1\uff0c\u4e0d\u5982\u76f4\u63a5\u4e70\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u80a1\u7968\uff1f"},"content":{"rendered":"

\u4f17\u6240\u5468\u77e5\uff0c\u80a1\u7968\u5e02\u573a\u8ffd\u968f\u5df4\u83f2\u7279\u7684\u4eba\u5f88\u591a\uff0c\u800c\u80a1\u795e\u7684\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u80a1\u7968Berkshire Hathaway<\/b><\/strong>\u00a0<\/b><\/strong>(<\/b><\/strong>BRK.A<\/b><\/strong><\/a>)<\/b><\/strong>\u00a0<\/b><\/strong>(<\/b><\/strong>BRK.B<\/b><\/strong><\/a>)<\/b><\/strong>\u4eca\u5e74\u4e5f\u6ca1\u4ee4\u6295\u8d44\u8005\u5931\u671b\uff0c\u5728\u8ddd\u79bb2023\u5e74\u4ec5\u5269\u4e0d\u5230\u4e24\u5468\u7684\u65f6\u95f4\u91cc\uff0c\u80a1\u4ef7\u4ecd\u4e0a\u6da8\u4e863%\uff0c\u8fdc\u8fdc\u597d\u8fc7\u6807\u666e500\u6307\u6570\u4eca\u5e7416%\u7684\u4e0b\u8dcc\u3002\u8fd9\u4e5f\u662f\u5df4\u83f2\u7279\u8fde\u7eed\u7b2c\u4e8c\u5e74\u6218\u80dc\u5e02\u573a\u3002<\/p>\n

\u6b63\u662f\u8fd9\u79cd\u5728\u718a\u5e02\u4e2d\u7684\u575a\u97e7\u8868\u73b0\uff0c\u4f7f\u5df4\u83f2\u7279\u6210\u4e3a\u4e07\u5343\u6563\u6237\u5fc3\u76ee\u4e2d\u7684\u80a1\u795e\u3002\u90a3\u4e48\uff0c\u73b0\u5728\u662f\u5426\u662f\u4e70\u5165\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u80a1\u7968\u7684\u597d\u65f6\u673a\uff1f<\/p>\n

\u6295\u8d44\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u7684\u7b80\u5355\u65b9\u6cd5<\/b><\/strong><\/h2>\n

\u4e8b\u5b9e\u4e0a\uff0c\u81ea\u4e0a\u4e00\u8f6e\u725b\u5e02\u5f00\u59cb\u4ee5\u6765\uff082009\u5e74\u521d\uff0c\u5f53\u65f6\u5927\u8870\u9000\u4ecd\u5728\u8086\u8650\uff09\uff0c\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u7684\u80a1\u7968\u5e76\u6ca1\u6709\u5b8c\u5168\u6210\u4e3a\u51fb\u8d25\u5e02\u573a\u7684\u660e\u661f\u6295\u8d44\u3002<\/p>\n

\u4f462022\u5e74\uff0c\u5df4\u83f2\u7279\u548c\u4f2f\u514b\u5e0c\u5c14\u526f\u4e3b\u5e2d\u67e5\u67e5\u7406\u00b7\u8292\u683c\u6240\u64c5\u957f\u7684\u4ef7\u503c\u6295\u8d44\u53c8\u5f00\u59cb\u6d41\u884c\u8d77\u6765\uff0c\u4f2f\u514b\u5e0c\u5c14\u4ee5\u524d\u4e0d\u53d7\u9752\u7750\u7684\u4e1a\u52a1\uff08\u4fdd\u9669\u3001\u94f6\u884c\u3001\u57fa\u7840\u8bbe\u65bd\u548c\u80fd\u6e90\uff09\u57282022\u5e74\u8868\u73b0\u826f\u597d\uff0c\u56e0\u6b64\u80a1\u7968\u4eca\u5e74\u8dd1\u8d62\u4e86\u5927\u76d8\u3002\u4e0d\u8fc7\uff0c\u4f2f\u514b\u5e0c\u5c14\u7684\u80a1\u7968\u662f\u51fa\u4e86\u540d\u7684\u96be\u4ee5\u4f30\u503c\uff0c\u56e0\u4e3a\u8be5\u516c\u53f8\u7684\u6295\u8d44\u7ec4\u5408\u662f\u5de8\u5927\u4e14\u6d89\u730e\u975e\u5e38\u5e7f\u6cdb\u7684\uff0c\u518d\u52a0\u4e0a\u4f2f\u514b\u5e0c\u5c14\u548c\u5b50\u516c\u53f8\u6240\u6301\u6709\u7684\u56db\u5341\u591a\u53ea\u80a1\u7968\uff0c\u8fd9\u4e9b\u80a1\u7968\u7684\u603b\u4ef7\u503c\u52a0\u8d77\u6765\u9ad8\u8fbe3500\u4ebf\u7f8e\u5143\u3002\u8fd9\u4f7f\u5f97\u4f7f\u7528\u4f20\u7edf\u6307\u6807\u6765\u8bc4\u4f30\u4f2f\u514b\u5e0c\u5c14\u80a1\u7968\u51e0\u4e4e\u6beb\u65e0\u7528\u5904\u3002\u6bd4\u5982\uff0c\u8be5\u80a1\u76ee\u524d\u7684\u5e02\u76c8\u7387\uff08P\/E\uff09\u4e3a55\u500d\uff0c\u4f46\u5728\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\u8fd8\u4e0d\u523010\u500d\u3002<\/p>\n

\u56e0\u6b64\uff0c\u5df4\u83f2\u7279\u548c\u8292\u683c\u503e\u5411\u4e8e\u4f7f\u7528\u8d26\u9762\u4ef7\u503c\uff08\u516c\u53f8\u7684\u603b\u8d44\u4ea7\u51cf\u53bb\u8d1f\u503a\u6765\u8861\u91cf\uff09\u6765\u786e\u5b9a\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u7684\u4ef7\u503c\u30022022\u5e74\u5e95\uff0c\u6309\u80a1\u4ef7\u4e0e\u8d26\u9762\u4ef7\u503c\uff08P\/B\uff09\u8ba1\u7b97\uff0c\u4f2f\u514b\u5e0c\u5c14\u80a1\u4ef7\u6b63\u5728\u5411\u8fc7\u53bb\u5341\u5e74\u4e2d\u7684\u66f4\u9ad8\u7aef\u4ea4\u6613\u3002\u56e0\u6b64\uff0c\u8fd9\u4e2a\u6307\u6807\u5b9e\u9645\u4e0a\u53ef\u4ee5\u63d0\u4f9b\u4e00\u4e2a\u7ebf\u7d22\uff0c\u8bf4\u660e\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u7684\u80a1\u7968\u73b0\u5728\u662f\u975e\u5e38\u597d\u7684\u4e70\u70b9\u3002<\/p>\n

\u5386\u53f2\u4e0a\uff0c\u5f53P\/B\u63a5\u8fd1\u6216\u4f4e\u4e8e1\u65f6\uff0c\u5df4\u83f2\u7279\u548c\u8292\u683c\u4f1a\u52a8\u7528\u5927\u91cf\u73b0\u91d1\u6765\u56de\u8d2d\u4f2f\u514b\u5e0c\u5c14\u7684\u80a1\u7968\uff0c2020\u5e74\u548c2021\u5e74\u90fd\u66fe\u53d1\u751f\u8fc7\u8fd9\u6837\u7684\u60c5\u51b5\u3002\u57282021\u5e74\u7684\u5e74\u5ea6\u66f4\u65b0\u4e2d\uff0c\u5df4\u83f2\u7279\u548c\u8292\u683c\u66fe\u7528517\u4ebf\u7f8e\u5143\u6765\u8d2d\u4e70\u4f2f\u514b\u5e0c\u5c14\u7684\u80a1\u7968\u3002<\/p>\n

\u4f462022\u5e74\u7684\u60c5\u51b5\u6709\u4e86\u4e00\u4e9b\u53d8\u5316\uff0c\u5c3d\u7ba1\u80a1\u7968\u56de\u8d2d\u4ecd\u5728\u7ee7\u7eed\uff0c\u4f46\u901f\u5ea6\u8981\u6162\u5f97\u591a\u3002\u622a\u6b622022\u5e749\u6708\u5e95\uff0c\u4f2f\u514b\u5e0c\u5c14\u53ea\u56de\u8d2d\u4e86\u4ef7\u503c52.5\u4ebf\u7f8e\u5143\u7684\u80a1\u7968\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u7ba1\u7406\u5c42\u4f3c\u4e4e\u5c06\u6ce8\u610f\u529b\u8f6c\u79fb\u5230\u4e86\u5176\u4ed6\u80a1\u7968\u4e0a\u3002<\/p>\n

662\u4ebf\u7f8e\u5143\u7684\u62a2\u8d2d\u6f6e<\/b><\/strong><\/h2>\n

\u4eca\u5e74\u662f\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u5f00\u59cb\u8ba4\u771f\u8d2d\u4e70\u80a1\u7968\u7684\u4e00\u5e74\u30022022\u5e74\u521d\uff0c\u8be5\u516c\u53f8\u5ba3\u5e03\u4ee5116\u4ebf\u7f8e\u5143\u6536\u8d2d\u518d\u4fdd\u9669\u4e13\u5bb6Alleghany\u3002\u800c\u4e14\uff0c\u5df4\u83f2\u7279\u4e00\u76f4\u5fd9\u4e8e\u5728\u975e\u5b50\u516c\u53f8\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\u589e\u52a0\u5176\u4ed6\u80a1\u7968\u3002\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u4eca\u5e74\u603b\u5171\u8d2d\u4e70\u4e86\u8d85\u8fc7662\u4ebf\u7f8e\u5143\u7684\u80a1\u6743\u8bc1\u5238\uff08\u5e76\u51fa\u552e\u4e86173\u4ebf\u7f8e\u5143\uff0c\u603b\u51c0\u8d2d\u4e70\u989d\u4e3a489\u4ebf\u7f8e\u5143\uff09\u3002<\/p>\n

2022\u5e74\uff0c\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u6295\u8d44\u7ec4\u5408\u4e2d\u7684\u4e3b\u8981\u6301\u80a1\u5305\u62ec\uff1a\u82f9\u679cApple<\/b><\/strong>\u00a0<\/b><\/strong>(<\/b><\/strong>AAPL<\/b><\/strong><\/a>)<\/b><\/strong>\uff0c\u73b0\u5728\u5360\u5230\u6295\u8d44\u7ec4\u5408\u768440%\u5de6\u53f3\uff1b\u82f9\u679c\u7684\u9876\u7ea7\u82af\u7247\u4f9b\u5e94\u5546\u53f0\u79ef\u7535Taiwan Semiconductor Manufacturing<\/b><\/strong>\u00a0(<\/b><\/strong>TSM<\/b><\/strong><\/a>)<\/b><\/strong>\u6700\u8fd1\u4e5f\u52a0\u5165\u4e86\uff1b\u77f3\u6cb9\u80a1\u4e2d\u96ea\u4f5b\u9f99Chevron<\/b><\/strong>\u00a0<\/b><\/strong>(<\/b><\/strong>CVX<\/b><\/strong>)<\/b><\/strong>\u548c\u897f\u65b9\u77f3\u6cb9\u516c\u53f8Occidental Petroleum<\/b><\/strong>\u00a0<\/b><\/strong>(<\/b><\/strong>OXY<\/b><\/strong><\/a>)<\/b><\/strong>\u73b0\u5728\u5360\u5230\u6295\u8d44\u7ec4\u5408\u768413%\u3002\u9664\u6b64\u4e4b\u5916\uff0c\u5df4\u83f2\u7279\u4eca\u5e74\u8fd8\u4e70\u5165\u4e86\u4e00\u4e9b\u91d1\u878d\u548c\u94f6\u884c\u80a1\u3002\u5230\u76ee\u524d\u4e3a\u6b62\uff0c\u5df4\u83f2\u7279\u548c\u4f2f\u514b\u5e0c\u5c14\u57282022\u5e74\u603b\u5171\u4e70\u5165\u6216\u589e\u6301\u4e8619\u53ea\u4e0d\u540c\u7684\u80a1\u7968\u3002<\/p>\n

\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u503c\u5f97\u4e70\u5165\u5417\uff1f<\/b><\/strong><\/h2>\n

\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u662f\u4e00\u5bb6\u4f1f\u5927\u7684\u516c\u53f8\uff0c\u62e5\u6709\u8fd9\u53ea\u80a1\u7968\u5c31\u597d\u6bd4\u662f\u5728\u4e16\u754c\u4e0a\u6700\u4f1f\u5927\u7684\u4ef7\u503c\u6295\u8d44\u8005\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\u62e5\u6709\u4e00\u53ea\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\u4e00\u6837\u3002\u4f46\u8fd9\u53ea\u80a1\u7968\u57282022\u5e74\u5e74\u5e95\u662f\u6700\u4f73\u4e70\u70b9\u5417\uff1f\u4ece\u5df4\u83f2\u7279\u81ea\u5df1\u7684\u884c\u52a8\u6765\u770b\uff0c\u7b54\u6848\u53ef\u80fd\u662f\u5426\u5b9a\u7684\u3002\u5728\u80a1\u5e02\u7ecf\u5386\u4e86\u6b8b\u9177\u7684\u4e00\u5e74\u4e4b\u540e\uff0c\u904d\u5730\u90fd\u662f\u4fbf\u5b9c\u7684\u7b79\u7801\uff0c\u5c24\u5176\u662f\u9ad8\u8d28\u91cf\u7684\u79d1\u6280\u80a1\u3002<\/p>\n

\u5f53\u7136\u4e86\uff0c\u5982\u679c\u4f60\u6b63\u5728\u5bfb\u627e\u957f\u671f\u7a33\u5b9a\u7684\u589e\u957f\uff0c\u591a\u4e70\u4e00\u4e9b\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8\u7684\u80a1\u7968\u4e5f\u9519\u4e0d\u4e86\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4f17\u6240\u5468\u77e5\uff0c\u80a1\u7968\u5e02\u573a\u8ffd\u968f\u5df4\u83f2\u7279\u7684\u4eba\u5f88\u591a\uff0c\u800c\u80a1\u795e\u7684\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u80a1\u7968Berkshire Hathaway\u00a0(BRK […]<\/p>\n","protected":false},"author":31,"featured_media":348649,"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":[2167,1997,522],"class_list":["post-447305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-2167","tag-1997","tag-522","sectors-oil-gas-zh-hans","sectors-financial-products-zh-hans","sectors-technology-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\/447305","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=447305"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/447305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/348649"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=447305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=447305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=447305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}