{"id":598154,"date":"2025-10-15T06:27:03","date_gmt":"2025-10-15T13:27:03","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/10\/1929\/"},"modified":"2025-10-15T06:27:03","modified_gmt":"2025-10-15T13:27:03","slug":"1929","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/10\/1929\/","title":{"rendered":"\u6bd4\u7279\u5e01\u7684\u4e0b\u8dcc\u901f\u5ea6\u8d85\u8fc7\u4e861929\u5e74\u3002\u8fd8\u8981\u9884\u671f\u66f4\u591a\u6ce2\u52a8"},"content":{"rendered":"

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Ken Fisher \u66fe\u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u5e45\u5ea6\u8d85\u8d8a\u4e86\u7ecf\u5178\u6ce1\u6cab\u3002\u8fd9\u79cd\u89c4\u6a21\u6765\u81ea1929\u5e74\u5e02\u573a\u6240\u4e0d\u5177\u5907\u7684\u7ed3\u6784\u6027\u52a0\u901f\u5668\uff1a\u5e26\u6709\u6bcf\u65e5\u8d44\u91d1\u8d39\u7387\u7684\u6c38\u7eed\u6389\u671f\u3001\u53e3\u888b\u4e2d\u7684\u5168\u7403\u96f6\u552e\u63a5\u5165\u3001\u7a0b\u5e8f\u5316\u5f3a\u5e73\uff0c\u4ee5\u53ca\u770b\u8d77\u6765\u50cf\u4e0d\u53d7\u76d1\u7ba1\u8d27\u5e01\u5e02\u573a\u7684\u7a33\u5b9a\u5e01\u4fe1\u8d37\u3002\u4e0e1929\u5e74\u7684\u6bd4\u8f83\u80fd\u505a\u51fa\u60ca\u4eba\u7684\u56fe\u8868\uff0c\u4f46\u4eca\u5929\u7684\u673a\u5236\u66f4\u5feb\u3001\u66f4\u81ea\u53cd\u3002\u60c5\u7eea\u6307\u6570\u5728\u5468\u5e74\u7eaa\u5ff5\u65f6\u4ece\u8d2a\u5a6a\u7ffb\u8f6c\u4e3a\u6050\u60e7\u80fd\u505a\u51fa\u6574\u9f50\u7684\u5934\u6761\uff0c\u4f46\u771f\u6b63\u63a8\u52a8\u4ef7\u683c\u7684\u662f\u88ab\u8feb\u53bb\u6760\u6746\u3002\u5f53\u62b5\u62bc\u54c1\u8d2c\u503c\u3001\u8d37\u6b3e\u88ab\u8ffd\u7d22\u65f6\uff0c\u63a5\u7ba1\u7684\u662f\u6570\u5b66\uff0c\u800c\u975e\u8ff7\u56e0\u300270%\u7684\u56de\u64a4\u9700\u8981233%\u7684\u6da8\u5e45\u624d\u80fd\u6536\u590d\u5931\u5730\u3002\u8def\u5f84\u4f9d\u8d56\u4e0d\u662f\u8bfe\u5802\u7406\u8bba\uff1b\u5728\u4e00\u6b21\u957f\u65f6\u95f4\u4e0b\u6f5c\u4e2d\u5b83\u5c31\u662f\u6c27\u6c14\u7f50\u3002<\/p>\n

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\u6d41\u52a8\u6027\u620f\u6cd5\u5e76\u975e\u6d41\u52a8\u6027<\/h3>\n

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\u7f8e\u8054\u50a8\u4e0d\u662f\u4f60\u7684\u98ce\u9669\u7ecf\u7406<\/h3>\n

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