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\u76f8\u6bd4\u5927\u5e02\u503c\u80a1\u7968\uff0c\u5c0f\u76d8\u80a1\u56e0\u4e3a\u503a\u52a1\u8d1f\u62c5\u66f4\u91cd\uff0c\u56e0\u6b64\u5bf9\u5229\u7387\u66f4\u52a0\u654f\u611f\u3002Longboard Asset Management\u7684\u9996\u5e2d\u6267\u884c\u5b98Cole Wilcox\u8868\u793a\uff0c\u4e0a\u5468CPI\u62a5\u544a\u53d1\u5e03\u524d\uff0c\u5bf9\u51b2\u57fa\u91d1\u548c\u4ea4\u6613\u5458\u7684\u7a7a\u5934\u6301\u4ed3\u5904\u4e8e\u5386\u53f2\u9ad8\u4f4d\uff0c\u800c\u901a\u80c0\u6570\u636e\u4f4e\u4e8e\u9884\u671f\u6253\u4e86\u5e02\u573a\u4e00\u4e2a\u63aa\u624b\u4e0d\u53ca\uff0c\u6fc0\u53d1\u4e86\u5c0f\u76d8\u80a1\u7684\u66b4\u529b\u4e0a\u6da8\u3002<\/p>\n

\u5c0f\u76d8\u80a1\u7684\u53cd\u5f39\u662f\u5426\u4f1a\u6301\u7eed\uff1f<\/h2>\n

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Apollon Wealth Management\u9996\u5e2d\u6295\u8d44\u5b98Eric Sterner\u8868\u793a\uff1a\u201c\u66f4\u4f4e\u4f30\u503c\u53e0\u52a0\u7f8e\u8054\u50a8\u964d\u606f\uff0c\u8fd9\u6216\u5c06\u89e6\u53d1\u5c0f\u76d8\u80a1\u4e00\u8f6e\u975e\u5e38\u5f3a\u52b2\u7684\u4e0a\u6da8\u3002\u201d<\/p>\n

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Eugene Fama\u548cKen French\u6559\u6388\u7684\u7edf\u8ba1\u6570\u636e\u663e\u793a\uff0c1927\u5e74\u4ee5\u6765\uff0c\u4ee510\u5e74\u4e3a\u5468\u671f\u8ba1\u7b97\uff0c\u5c0f\u76d8\u80a1\u5728\u4e09\u5206\u4e4b\u4e8c\uff0867%\uff09\u7684\u65f6\u95f4\u91cc\u8868\u73b0\u4f18\u4e8e\u5927\u76d8\u80a1\uff0c\u8dd1\u8d62\u5e73\u5747\u5e45\u5ea6285\u4e2a\u57fa\u70b9\u3002<\/p>\n

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