{"id":601177,"date":"2025-10-31T00:37:15","date_gmt":"2025-10-31T07:37:15","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/10\/from-selling-212-billion-to-holding-forever-buffett-builds-perpetual-assets\/"},"modified":"2025-10-31T00:37:34","modified_gmt":"2025-10-31T07:37:34","slug":"%e4%bb%8e%e6%8a%9b%e5%94%ae-2120-%e4%ba%bf%e5%88%b0%e6%b0%b8%e7%bb%ad%e6%8c%81%e6%9c%89%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%9e%84%e5%bb%ba%e6%b0%b8%e7%bb%ad%e8%b5%84%e4%ba%a7","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/10\/%e4%bb%8e%e6%8a%9b%e5%94%ae-2120-%e4%ba%bf%e5%88%b0%e6%b0%b8%e7%bb%ad%e6%8c%81%e6%9c%89%e5%b7%b4%e8%8f%b2%e7%89%b9%e6%9e%84%e5%bb%ba%e6%b0%b8%e7%bb%ad%e8%b5%84%e4%ba%a7\/","title":{"rendered":"\u4ece\u629b\u552e2120\u4ebf\u5230\u6c38\u7eed\u6301\u6709\uff0c\u5df4\u83f2\u7279\u6784\u5efa\u201c\u6c38\u7eed\u201d\u8d44\u4ea7"},"content":{"rendered":"<p>\u6c83\u4f26\u00b7\u5df4\u83f2\u7279\u66fe\u8868\u793a\uff0c\u4ed6\u6700\u559c\u6b22\u7684\u6301\u6709\u671f\u9650\u662f\u201c\u6c38\u8fdc\u201d\u3002\u8fd9\u4e00\u7406\u5ff5\u5728<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=BRK.A\">\u4f2f\u514b\u5e0c\u5c14\u00b7\u54c8\u6492\u97e6\u516c\u53f8\uff08BRK.A\uff09\uff08BRK.B\uff09<\/a>\u5168\u8d44\u6536\u8d2d\u7684\u4f01\u4e1a\u4e2d\u4f53\u73b0\u5f97\u5c24\u4e3a\u660e\u663e\uff0c\u8fd9\u7c7b\u4f01\u4e1a\u5f88\u5c11\u88ab\u51fa\u552e\u3002\u7136\u800c\uff0c\u5bf9\u4e8e\u516c\u53f8\u7684\u8bc1\u5238\u6295\u8d44\u7ec4\u5408\uff0c\u5df4\u83f2\u7279\u5219\u5c55\u73b0\u51fa\u66f4\u5927\u7684\u7075\u6d3b\u6027\uff0c\u613f\u610f\u6839\u636e\u5e02\u573a\u60c5\u51b5\u8c03\u6574\u6301\u4ed3\u3002\u8fc7\u53bb\u4e09\u5e74\u95f4\uff0c\u8fd9\u4e00\u8d8b\u52bf\u5c24\u4e3a\u663e\u8457\uff1a\u81ea2022\u5e74\u7b2c\u56db\u5b63\u5ea6\u4ee5\u6765\uff0c\u5df4\u83f2\u7279\u53ca\u5176\u56e2\u961f\u7d2f\u8ba1\u552e\u51fa\u4ef7\u503c2120\u4ebf\u7f8e\u5143\u7684\u80a1\u7968\uff0c\u800c\u8d2d\u5165\u89c4\u6a21\u4ec5\u4e3a340\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u5728\u5df4\u83f2\u7279\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\uff0c\u80fd\u591f\u514d\u53d7\u629b\u552e\u5f71\u54cd\u7684\u80a1\u7968\u5be5\u5be5\u65e0\u51e0\u3002<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=AXP\">\u7f8e\u56fd\u8fd0\u901a(AXP)<\/a>\u548c<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=KO\">\u53ef\u53e3\u53ef\u4e50(KO)<\/a>\u662f\u5176\u4e2d\u7684\u5178\u578b\u4ee3\u8868\uff0c\u81ea\u4e0a\u4e16\u7eaa90\u5e74\u4ee3\u4e2d\u671f\u4ee5\u6765\uff0c\u5df4\u83f2\u7279\u672a\u66fe\u5bf9\u8fd9\u4e24\u53ea\u80a1\u7968\u8fdb\u884c\u4efb\u4f55\u4e70\u5356\u64cd\u4f5c\u3002\u4e0d\u8fc7\uff0c\u8fd1\u5e74\u6765\u4ed6\u5c06\u6ce8\u610f\u529b\u8f6c\u5411\u6784\u5efa\u4f01\u4e1a\u96c6\u56e2\u7684\u4e0b\u4e00\u4ee3\u201c\u6c38\u7eed\u6301\u6709\u201d\u8d44\u4ea7\uff0c\u5e76\u589e\u6301\u4e86\u4e24\u53ea\u80a1\u7968\uff0c\u6295\u8d44\u989d\u7ea61.7\u4ebf\u7f8e\u5143\u3002\u5df4\u83f2\u7279\u660e\u786e\u8868\u793a\uff0c\u4f2f\u514b\u5e0c\u5c14\u00b7\u54c8\u6492\u97e6\u81f3\u5c11\u5728\u672a\u6765\u4e94\u5341\u5e74\u5185\u4e0d\u4f1a\u51fa\u552e\u8fd9\u4e9b\u6301\u80a1\u3002<\/p>\n<h2>\u4ee5\u5408\u7406\u4ef7\u683c\u6295\u8d44\u4f18\u79c0\u4f01\u4e1a<\/h2>\n<p>\u5df4\u83f2\u7279\u7684\u80a1\u7968\u6295\u8d44\u7b56\u7565\u4e0e\u5176\u6574\u4f53\u6536\u8d2d\u4f01\u4e1a\u7684\u601d\u8def\u4e00\u8109\u76f8\u627f\uff1a\u4ed6\u9996\u5148\u8bc4\u4f30\u76ee\u6807\u4f01\u4e1a\u7684\u8d28\u91cf\uff0c\u4f46\u5373\u4fbf\u4f01\u4e1a\u7b26\u5408\u5176\u4e25\u683c\u6807\u51c6\uff0c\u4e5f\u53ea\u5728\u4ef7\u683c\u5408\u7406\u65f6\u624d\u4f1a\u51fa\u624b\u3002\u8fd9\u4e00\u7b56\u7565\u5728\u672c\u6708\u521d\u6536\u8d2d\u897f\u65b9\u77f3\u6cb9\u516c\u53f8\u65d7\u4e0bOxyChem\u7684\u4ea4\u6613\u4e2d\u5f97\u5230\u4e86\u5145\u5206\u4f53\u73b0\u3002\u901a\u8fc7\u8ba9\u4f2f\u514b\u5e0c\u5c14\u00b7\u54c8\u6492\u97e6\u5904\u4e8e\u6709\u5229\u4f4d\u7f6e\uff0c\u5df4\u83f2\u7279\u5b9e\u73b0\u4e86\u4e0e\u5173\u7cfb\u5bc6\u5207\u4f01\u4e1a\u4ea4\u6613\u7684\u53cc\u8d62\u5c40\u9762\uff0c\u800c\u4f2f\u514b\u5e0c\u5c14\u00b7\u54c8\u6492\u97e6\u7684\u83b7\u76ca\u53ef\u80fd\u66f4\u4e3a\u663e\u8457\u3002<\/p>\n<p>\u9057\u61be\u7684\u662f\uff0c\u6b63\u5982\u5df4\u83f2\u7279\u57282\u6708\u4efd\u7684\u80a1\u4e1c\u4fe1\u4e2d\u6307\u51fa\uff1a\u201c\u771f\u6b63\u6770\u51fa\u7684\u4f01\u4e1a\u5f88\u5c11\u4f1a\u6574\u4f53\u51fa\u552e\u3002\u201d\u4e8b\u5b9e\u4e0a\uff0c\u6536\u8d2dOxyChem\u662f\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8\u4e09\u5e74\u6765\u6700\u5927\u7684\u4e00\u7b14\u6536\u8d2d\u3002\u4f46\u5df4\u83f2\u7279\u540c\u65f6\u6307\u51fa\uff1a\u201c\u8fd9\u4e9b\u4f18\u8d28\u4f01\u4e1a\u7684\u4e00\u5c0f\u90e8\u5206\u53ef\u4ee5\u5728\u5468\u4e00\u5230\u5468\u4e94\u7684\u534e\u5c14\u8857\u4ea4\u6613\u4e2d\u4e70\u5230\uff0c\u800c\u4e14\u5076\u5c14\u8fd8\u80fd\u4ee5\u6781\u4f4e\u7684\u4ef7\u683c\u6210\u4ea4\u3002\u201d\u4ed6\u8fd1\u671f\u9047\u5230\u7684\u6700\u5927\u8d85\u503c\u4ea4\u6613\u53d1\u751f\u57282019\u5e74\uff0c\u5f53\u65f6\u4ed6\u5f00\u59cb\u589e\u6301\u4e94\u5bb6\u65e5\u672c\u8d38\u6613\u516c\u53f8\u7684\u80a1\u7968\uff1a\u4f0a\u85e4\u5fe0\u5546\u4e8b\u3001\u4e38\u7ea2\u682a\u5f0f\u4f1a\u793e\u3001\u4e09\u83f1\u5546\u4e8b\uff08MSBHF\uff09\u3001\u4e09\u4e95\u7269\u4ea7\uff08MITSY\uff09\uff08MITSF\uff09\u548c\u4f4f\u53cb\u5546\u4e8b\u3002\u4f2f\u514b\u5e0c\u5c14\u6301\u7eed\u589e\u6301\u8fd9\u4e9b\u516c\u53f8\u80a1\u4efd\uff0c\u6700\u7ec8\u6301\u80a1\u6bd4\u4f8b\u5747\u63a5\u8fd110%\u3002<\/p>\n<h2>\u65e5\u672c\u8d38\u6613\u516c\u53f8\u7684\u6218\u7565\u5e03\u5c40<\/h2>\n<p>\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\uff0c\u5df4\u83f2\u7279\u83b7\u5f97\u4e86\u8fd9\u4e94\u5bb6\u8d38\u6613\u516c\u53f8\u7ba1\u7406\u5c42\u7684\u8bb8\u53ef\uff0c\u5c06\u6301\u80a1\u6bd4\u4f8b\u63d0\u9ad8\u81f310%\u4ee5\u4e0a\u3002\u5728\u8fc7\u53bb\u7684\u516d\u4e2a\u6708\u91cc\uff0c\u8fd9\u4e00\u8ba1\u5212\u5df2\u90e8\u5206\u5b9e\u73b0\uff1a\u4ece3\u6708\u52309\u6708\uff0c\u4f2f\u514b\u5e0c\u5c14\u901a\u8fc7\u5176\u4fdd\u9669\u5b50\u516c\u53f8\u56fd\u6c11\u8d54\u507f\u4fdd\u9669\u589e\u6301\u4e86660\u4e07\u80a1\u4e09\u4e95\u7269\u4ea7\u548c190\u4e07\u80a1\u4e09\u83f1\u5546\u4e8b\uff0c\u4f7f\u6301\u80a1\u6bd4\u4f8b\u5206\u522b\u8fbe\u523010.1%\u548c10.2%\u3002\u6839\u636e\u65e5\u672c\u80a1\u4ef7\u548c\u6c47\u7387\u6d4b\u7b97\uff0c\u8fd9\u4e24\u9879\u6295\u8d44\u7684\u603b\u6210\u672c\u7ea6\u4e3a1.7\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u8fd9\u4e9b\u80a1\u7968\u76ee\u524d\u4ecd\u5177\u6295\u8d44\u4ef7\u503c\uff1a\u4e09\u83f1\u5546\u4e8b\u7684\u5e02\u51c0\u7387\u4e3a1.5\u500d\uff0c\u800c\u4e09\u4e95\u7269\u4ea7\u7684\u5e02\u51c0\u7387\u5df2\u964d\u81f31.4\u500d\u4ee5\u4e0b\u3002\u867d\u7136\u8fd9\u4e9b\u6307\u6807\u53ef\u80fd\u9ad8\u4e8e\u5386\u53f2\u5e73\u5747\u6c34\u5e73\uff0c\u4f46\u76f8\u8f83\u4e8e\u5176\u4ed6\u5927\u578b\u80a1\uff08\u5c24\u5176\u662f\u7f8e\u56fd\u516c\u53f8\uff09\u4ecd\u5177\u5438\u5f15\u529b\u3002\u65e5\u672c\u80a1\u5e02\u6574\u4f53\u4f30\u503c\u4e5f\u5904\u4e8e\u76f8\u5bf9\u4f4e\u4f4d\uff0cMSCI\u65e5\u672c\u6307\u6570\u7684\u5e02\u76c8\u7387\u4f4e\u4e8e\u517630\u5e74\u5e73\u5747\u6c34\u5e73\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6c83\u4f26\u00b7\u5df4\u83f2\u7279\u66fe\u8868\u793a\uff0c\u4ed6\u6700\u559c\u6b22\u7684\u6301\u6709\u671f\u9650\u662f\u201c\u6c38\u8fdc\u201d\u3002\u8fd9\u4e00\u7406\u5ff5\u5728\u4f2f\u514b\u5e0c\u5c14\u00b7\u54c8\u6492\u97e6\u516c\u53f8\uff08BRK.A\uff09\uff08BRK.B\uff09\u5168 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":601175,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[427],"tags":[2125,2167,668,522],"class_list":["post-601177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","tag-2125","tag-2167","tag-668","tag-522","sectors-1602","sectors-financial-products-zh-hans","locations-us-zh-hans","exchange-nyse-zh-hans","exchange--zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/601177","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=601177"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/601177\/revisions"}],"predecessor-version":[{"id":601180,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/601177\/revisions\/601180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/601175"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=601177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=601177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=601177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}