{"id":390833,"date":"2021-07-22T01:12:36","date_gmt":"2021-07-22T08:12:36","guid":{"rendered":"https:\/\/nai500.com\/?p=390833"},"modified":"2021-07-22T01:12:36","modified_gmt":"2021-07-22T08:12:36","slug":"%e9%80%99%e5%85%a9%e9%9a%bb-%e8%82%a1%e7%a5%a8-%e6%9c%89%e7%94%9f-%e4%b9%8b%e5%b9%b4-%e8%aa%aa%e5%95%a5-%e4%b9%9f%e4%b8%8d%e8%b3%a3","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2021\/07\/%e9%80%99%e5%85%a9%e9%9a%bb-%e8%82%a1%e7%a5%a8-%e6%9c%89%e7%94%9f-%e4%b9%8b%e5%b9%b4-%e8%aa%aa%e5%95%a5-%e4%b9%9f%e4%b8%8d%e8%b3%a3\/","title":{"rendered":"\u9019\u5169\u96bb\u80a1\u7968\u6709\u751f\u4e4b\u5e74\u8aaa\u5565\u4e5f\u4e0d\u8ce3"},"content":{"rendered":"<p>\u5982\u679c\u8aaa\u6709\u4e00\u96bb\u80a1\u7968\u6211\u9019\u8f29\u5b50\u6253\u6b7b\u4e5f\u4e0d\u6703\u8ce3\uff0c\u90a3\u901a\u5e38\u610f\u5473\u8457\uff1a\u8981\u9ebc\u7ba1\u7406\u5c64\u5236\u5b9a\u4e86\u4e00\u9805\u6230\u7565\uff0c\u96a8\u8457\u6642\u9593\u7684\u63a8\u79fb\uff0c\u8a72\u6230\u7565\u7684\u512a\u52e2\u660e\u986f\u8907\u5408\uff1b\u8981\u9ebc\u8a72\u516c\u53f8\u6b63\u53d7\u76ca\u65bc\u4e00\u500b\u5927\u8da8\u52e2\uff0c\u800c\u4e14\u73fe\u5728\u770b\u4e0d\u5230\u76e1\u982d\u3002<\/p>\n<p>\u5c0d\u65bc<strong>Markel<\/strong>\u00a0(<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=MKL\">NYSE:MKL<\/a>)\u4f86\u8aaa\uff0c\u7ba1\u7406\u5c64\u4ee5\u4e94\u5e74\u70ba\u4e00\u500b\u7a97\u53e3\u5c0d\u81ea\u5df1\u9032\u884c\u8a55\u4f30\uff0c\u4e26\u5c0d\u5176\u6709\u689d\u4e0d\u7d0a\u7684\u8cc7\u672c\u914d\u7f6e\u65b9\u6cd5\u4fdd\u6301\u900f\u660e\uff0c\u540c\u6642\u9075\u5faa\u4e00\u500b\u5df2\u7d93\u5728\u904e\u53bb\u534a\u500b\u4e16\u7d00\u4e2d\u88ab\u8b49\u660e\u4e86\u7684\u6a21\u5f0f\u3002\u53e6\u4e00\u65b9\u9762\uff0c<strong>Rollins<\/strong>\u00a0(<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=ROL\">NYSE:ROL<\/a>)\u6b63\u4e58\u8457\u6c23\u5019\u8b8a\u5316\u7684\u6771\u98a8\uff0c\u4f7f\u5176\u670d\u52d9\u5728\u5168\u7403\u8d8a\u4f86\u8d8a\u5927\u7684\u7bc4\u570d\u5167\u66f4\u5177\u50f9\u503c\u3002\u53ef\u4ee5\u8aaa\uff0c\u9019\u5169\u96bb\u80a1\u7968\u7121\u8ad6\u662f\u54ea\u4e00\u96bb\uff0c\u90fd\u8b93\u6211\u6709\u5145\u5206\u7684\u7406\u7531\u76f8\u4fe1\u6211\u6c38\u9060\u4e0d\u6703\u8ce3\u51fa\u3002<\/p>\n<h2>1. Markel<\/h2>\n<p>Markel\u662f\u4e00\u5bb6\u5c08\u696d\u7684\u4fdd\u96aa\u516c\u53f8\uff0c\u5728\u975e\u5e38\u898f\u98a8\u96aa\u7684\u5b9a\u50f9\u65b9\u9762\u5df2\u7d93\u5f62\u6210\u4e86\u81ea\u5df1\u7684\u5c08\u9577\u3002\u901a\u904e\u5c08\u6ce8\u4e8e\u963f\u62c9\u4f2f\u99ac\u3001\u590f\u4ee4\u71df\u548c\u7a7a\u624b\u9053\u5b78\u6821\u7b49\u9818\u57df\uff0c\u8a72\u516c\u53f8\u5df2\u7d93\u70ba\u81ea\u5df1\u958b\u95e2\u4e86\u4e00\u500b\u7af6\u722d\u4e26\u4e0d\u6fc0\u70c8\u7684\u5229\u57fa\u5e02\u5834\uff0c\u5176\u7d93\u9a57\u4f7f\u5176\u80fd\u5920\u6e96\u78ba\u8a55\u4f30\u4fdd\u96aa\u55ae\u7684\u516c\u5e73\u50f9\u683c\u3002<\/p>\n<p>\u9019\u7a2e\u5c08\u696d\u6027\u986f\u793a\u5728\u4fdd\u8cbb\u7d9c\u5408\u6bd4\u7387\u4e0a\uff0c\u4e5f\u5c31\u662f\u4fdd\u96aa\u516c\u53f8\u6240\u6536\u4fdd\u8cbb\u7684\u767e\u5206\u6bd4\uff0c\u5373\u4fdd\u96aa\u516c\u53f8\u652f\u4ed8\u7684\u7d22\u8ce0\u3002\u8207\u6bdb\u5229\u7387\u985e\u4f3c\uff0c\u5b83\u662f\u8861\u91cf\u4fdd\u55ae\u76c8\u5229\u80fd\u529b\u7684\u6a19\u6e96\u3002\u4efb\u4f55\u4f4e\u65bc100%\u7684\u6578\u64da\u90fd\u610f\u5473\u8457\u8a72\u516c\u53f8\u8cfa\u7684\u9322\u6bd4\u5b83\u652f\u4ed8\u7684\u9322\u591a\u3002\u5728\u904e\u53bb\u768415\u5e74\u88e1\uff0cMarkel\u53ea\u6709\u5169\u5e74\u7684\u7d9c\u5408\u6bd4\u7387\u8d85\u904e\u4e86100%\uff0c\u5e73\u5747\u6c34\u5e73\u662f95%\u3002\u5728\u904e\u53bb\u4e94\u5e74\u4e2d\uff0c\u4fdd\u96aa\u884c\u696d\u7684\u5e73\u5747\u6c34\u5e73\u662f100%\uff0c\u5373\u6536\u652f\u6301\u5e73\u3002<\/p>\n<p>\u9019\u7a2e\u76c8\u5229\u80fd\u529b\u4f7f\u7ba1\u7406\u5c64\u80fd\u5920\u6295\u8cc7\u65bc\u80a1\u7968\u4e26\u6536\u8cfc\u5c0f\u578b\u4f01\u696d\u3002\u9019\u5c31\u662f\u70ba\u4ec0\u9ebc\u8a31\u591a\u4eba\u8a8d\u70ba\u8a72\u516c\u53f8\u662f<strong>Berkshire<\/strong>\u00a0<strong>Hathaway<\/strong>\u00a0(<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=BRK.A\">NYSE:BRK.A<\/a>)(<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=BRK.B\">NYSE:BRK.B<\/a>)\u7684\u8ff7\u4f60\u7248\u3002\u8207\u4f2f\u514b\u5e0c\u723e\u4e00\u6a23\uff0cMarkel\u4f7f\u7528\u6bcf\u80a1\u8cec\u9762\u50f9\u503c\u4f5c\u70ba\u516c\u53f8\u50f9\u503c\u7684\u8861\u91cf\u6a19\u6e96\u3002\u5728\u904e\u53bb\u7684\u5341\u5e74\u88e1\uff0c\u9019\u9805\u6307\u6a19\u6bcf\u5e74\u589e\u957710.6%\uff0c\u5f9e334\u7f8e\u5143\u589e\u9577\u5230914\u7f8e\u5143\u3002\u70ba\u4e86\u5f37\u8abf\u5176\u9577\u671f\u589e\u9577\uff0c\u8a72\u516c\u53f8\u6bcf\u4e94\u5e74\u8a55\u4f30\u5176\u696d\u7e3e\u3002\u800c\u4e14\uff0c\u7576\u6c92\u6709\u9054\u5230\u8981\u6c42\u6642\uff0c\u7ba1\u7406\u5c64\u8868\u73fe\u5f97\u4e5f\u5f88\u5766\u8aa0\u3002<\/p>\n<p>\u7ba1\u7406\u5c64\u5728\u6700\u8fd1\u7684\u80a1\u6771\u4fe1\u4e2d\u6307\u51fa\uff0c\u8a72\u80a1\u5728\u904e\u53bb\u768450\u5e74\u4e2d\u6c92\u6709\u53d6\u5f97\u4efb\u4f55\u6210\u7e3e\u3002\u5728\u5beb\u9019\u5c01\u4fe1\u7684\u6642\u5019\uff0c\u8a72\u80a1\u7684\u8868\u73fe\u5f9e2015\u5e74\u8d77\u6bd4\u5927\u76e4\u4e5f\u5c31\u662f\u6a19\u6e96\u666e\u723e500\u6307\u6578\u4f4e\u4e866680\u500b\u57fa\u9ede\uff0c\u4ee4\u4eba\u77a0\u76ee\u7d50\u820c\uff08100\u500b\u57fa\u9ede\u662f1%\uff09\u30022021\u5e74\u5230\u76ee\u524d\u70ba\u6b62\uff0c\u8a72\u80a1\u53ea\u662f\u76f8\u5c0d\u65bc\u6307\u6578\u4fdd\u6301\u7a69\u5b9a\u3002\u9019\u8207\u80a1\u6771\u5011\u5728\u4ee5\u524d\u7684\u6642\u671f\u6240\u7d93\u6b77\u7684\u60c5\u6cc1\u76f8\u5dee\u751a\u9060\u3002<\/p>\n<table width=\"763\">\n<tbody>\n<tr>\n<td><strong>\u6642\u671f<\/strong><\/td>\n<td><strong>Markel<\/strong><strong>\u80a1\u7968<\/strong><\/td>\n<td><strong>S&amp;P 500<\/strong><\/td>\n<td><strong>\u5e74\u5ea6\u8868\u73fe<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2006\u5e74\u52302010\u5e74<\/td>\n<td>19.3%<\/td>\n<td>0.8%<\/td>\n<td>Markel\u8d85\u904e\u5927\u76e43.5%<\/td>\n<\/tr>\n<tr>\n<td>2011\u5e74\u52302015\u5e74<\/td>\n<td>133.6%<\/td>\n<td>62.5%<\/td>\n<td>Markel\u8d85\u904e\u5927\u76e411.3%<\/td>\n<\/tr>\n<tr>\n<td>2016\u5e74\u52302020\u5e74<\/td>\n<td>17%<\/td>\n<td>83.8%<\/td>\n<td>S&amp;P 500\u8d85\u904eMarkel 10.8%<\/td>\n<\/tr>\n<tr>\n<td>2021\u8fc4\u4eca\u70ba\u6b62<\/td>\n<td>14.6%<\/td>\n<td>13.4%<\/td>\n<td>Markel\u8d85\u904e\u5927\u76e41.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u6578\u64da\u4f86\u6e90\uff1aY-CHARTS<\/p>\n<p>\u53ef\u4ee5\u8aaa\uff0c\u5728\u6574\u657415\u5e74\u7684\u6642\u9593\u88e1\uff0cMarkel\u7684\u8868\u73fe\u53ea\u662f\u7565\u52dd\u65bc\u5927\u76e4\u3002\u96a8\u8457\u80a1\u7968\u4f30\u503c\u63a5\u8fd1\u67d0\u4e9b\u6307\u6a19\u7684\u6700\u9ad8\u8a18\u9304\uff0c\u9019\u7a2e\u5e73\u5eb8\u7684\u8da8\u52e2\u4e0d\u592a\u53ef\u80fd\u5728\u672a\u4f86\u5341\u5e74\u6301\u7e8c\u4e0b\u53bb\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-390826 lazyload\" data-src=\"https:\/\/nai500.com\/wp-content\/uploads\/2021\/07\/Markel-stock-chart.jpg\" data-sizes=\"auto, (max-width: 554px) 100vw, 554px\" data-srcset=\"https:\/\/nai500.com\/wp-content\/uploads\/2021\/07\/Markel-stock-chart.jpg 554w, https:\/\/nai500.com\/wp-content\/uploads\/2021\/07\/Markel-stock-chart-300x187.jpg 300w\" alt=\"\" width=\"554\" height=\"345\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 554px; --smush-placeholder-aspect-ratio: 554\/345;\" \/><\/p>\n<h2>2. Rollins<\/h2>\n<p>Rollins\u7684\u6839\u53ef\u4ee5\u8ffd\u6eaf\u523019\u4e16\u7d00\u672b\u7684\u4e00\u500b\u5c0f\u578b\u6bba\u87f2\u4f01\u696d\u3002\u5982\u4eca\uff0c\u5b83\u5df2\u5728\u5168\u7403900\u500b\u8fa6\u4e8b\u8655\u64c1\u6709280\u842c\u5ba2\u6236\u3002\u904e\u53bb\u5e7e\u5341\u5e74\u7684\u6642\u9593\u8b49\u660e\uff0c\u5373\u4f7f\u5728\u7d93\u6fdf\u56f0\u96e3\u7684\u60c5\u6cc1\u4e0b\uff0c\u4eba\u5011\u4e5f\u4e0d\u6703\u6e1b\u5c11\u9664\u6389\u591a\u9918\u7684\u5bb3\u87f2\u548c\u6709\u5bb3\u52d5\u7269\u3002Rollins\u5df2\u7d93\u9023\u7e8c23\u5e74\u5be6\u73fe\u6536\u5165\u589e\u9577\uff0c\u800c\u4e14\u5728\u904e\u53bb20\u5e74\u4e2d\u5e73\u5747\u6bcf\u5e74\u76c8\u5229\u589e\u957720%\u3002\u9019\u4e9b\u5728\u672a\u4f86\u4e5f\u4e0d\u592a\u53ef\u80fd\u6539\u8b8a\u3002<\/p>\n<p>\u800c\u4e14\uff0c\u8a72\u516c\u53f8\u8ca1\u52d9\u72c0\u6cc1\u5f88\u55ae\u7d14\uff0c\u64c1\u6709\u5de8\u5927\u7684\u73fe\u91d1\u6536\u5165\u548c\u5c11\u91cf\u50b5\u52d9\u3002\u4f46\u662f\uff0c\u8b93\u6211\u5728\u672a\u4f86\u5e7e\u5341\u5e74\u5805\u5b9a\u6301\u80a1\u7684\u4fe1\u5fc3\u4f86\u81ea\u65bc\u6c23\u5019\u8b8a\u6696\u5c0dRollins\u975e\u5e38\u8cfa\u9322\u7684\u6bba\u87f2\u696d\u52d9\u7684\u5f71\u97ff\u3002\u4e0b\u9762\u8209\u5e7e\u500b\u4f8b\u5b50\u4f86\u8b49\u660e\u9019\u4e00\u9ede\u3002<\/p>\n<p>\u5927\u5bb6\u90fd\u77e5\u9053\uff0c\u87d1\u8782\u559c\u6b61\u590f\u5929\u7684\u6fd5\u71b1\u7a7a\u6c23\uff0c\u590f\u5929\u4e5f\u662f\u5b83\u5011\u7e41\u6b96\u7684\u5b63\u7bc0\u3002\u96a8\u8457\u6eab\u5ea6\u7684\u4e0a\u5347\uff0c\u5b83\u5011\u4e5f\u8b8a\u5f97\u66f4\u52a0\u6d3b\u8e8d\u3002\u4e8b\u5be6\u4e0a\uff0c\u7576\u6eab\u5ea6\u6500\u5347\u5230\u83ef\u6c0f100\u5ea6\u4ee5\u4e0a\u6642\uff0c\u771f\u6b63\u7684\u9077\u5f99\u5c31\u6703\u767c\u751f\uff0c\u5b83\u5011\u958b\u59cb\u6210\u7fa4\u7d50\u968a\u5730\u98db\u884c\u3002\u5982\u679c\u4f60\u4ee5\u70ba\u4e7e\u71e5\u7684\u74b0\u5883\u6703\u963b\u7919\u5b83\u5011\u7684\u524d\u9032\uff0c\u90a3\u4f60\u53ef\u80fd\u6709\u6240\u4e0d\u77e5\uff0c\u8207\u4eba\u985e\u4e0d\u540c\uff0c\u9019\u4e9b\u5bb3\u87f2\u5728\u4e7e\u65f1\u689d\u4ef6\u4e0b\u53ef\u4ee5\u4e00\u6b21\u5c4f\u4f4f\u547c\u543840\u5206\u9418\u4ee5\u9632\u6b62\u8eab\u9ad4\u812b\u6c34\u3002<\/p>\n<p>\u66f4\u6eab\u6696\u7684\u51ac\u5929\u548c\u66f4\u708e\u71b1\u7684\u590f\u5929\u4e5f\u70ba\u8001\u9f20\u63d0\u4f9b\u4e86\u826f\u597d\u7684\u7e41\u6b96\u74b0\u5883\u3002\u8001\u9f20\u7684\u598a\u5a20\u671f\u53ea\u670914\u5929\uff0c\u800c\u4e14\u5728\u4e00\u500b\u6708\u5927\u7684\u6642\u5019\u5c31\u80fd\u958b\u59cb\u7e41\u6b96\uff0c\u4e00\u96bb\u61f7\u5b55\u7684\u8001\u9f20\u5728\u4e00\u5e74\u4e2d\u53ef\u4ee5\u751f\u51fa\u8d85\u904e1.5\u842c\u500b\u5e7c\u5d3d\u3002\u96a8\u8457\u5168\u7403\u6c23\u6eab\u7684\u4e0a\u5347\uff0c\u5c31\u50cf\u90a3\u4e9b\u5728COVID\u5c01\u9396\u671f\u9593\u539a\u984f\u7121\u6065\u5730\u5728\u57ce\u93ae\u548c\u57ce\u5e02\u4e2d\u904a\u8569\u7684\u8001\u9f20\u53ef\u80fd\u6703\u8b8a\u5f97\u66f4\u52a0\u5e38\u898b\u3002<\/p>\n<p>\u6c23\u6eab\u4e0a\u5347\u7684\u53e6\u4e00\u500b\u7d50\u679c\u662f\u868a\u5b50\u50b3\u64ad\u75be\u75c5\u7684\u589e\u52a0\u3002\u79d1\u5b78\u5bb6\u5011\u8a8d\u70ba\uff0c\u5728\u672a\u4f8630\u5e74\u88e1\uff0c\u5438\u8840\u87f2\u5c07\u64f4\u5927\u5176\u9818\u571f\uff0c\u9054\u5230\u4e16\u754c\u4eba\u53e3\u7684\u4e00\u534a\u3002\u6700\u8fd1\u7684\u6578\u64da\u8868\u660e\uff0c\u5404\u7a2e\u7269\u7a2e\u6b63\u5728\u4ee5\u7f8e\u570b\u6bcf\u5e74\u7d0437\u82f1\u91cc\u548c\u6b50\u6d32\u6bcf\u5e7493\u82f1\u91cc\u7684\u901f\u5ea6\u5411\u5317\u64f4\u6563\u3002\u96d6\u7136\u9077\u79fb\u7684\u80cc\u5f8c\u6709\u591a\u7a2e\u56e0\u7d20\uff0c\u4f46\u9019\u4e00\u5207\u52a0\u8d77\u4f86\u5c0dRollins\u4f86\u8aaa\u662f\u4e00\u500b\u66f4\u5927\u7684\u6a5f\u6703\u3002\u9019\u5c07\u662f\u672a\u4f8630\u5e74\u5167\u53ef\u9810\u898b\u7684\u8b8a\u5316\u3002\u6240\u4ee5\u8aaa\uff0c\u9019\u53ea\u80a1\u7968\u73fe\u5728\u5982\u679c\u4f60\u6b63\u5728\u6301\u6709\u7684\u8a71\uff0c\u7d66\u5565\u90fd\u5225\u63db\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5982\u679c\u8aaa\u6709\u4e00\u96bb\u80a1\u7968\u6211\u9019\u8f29\u5b50\u6253\u6b7b\u4e5f\u4e0d\u6703\u8ce3\uff0c\u90a3\u901a\u5e38\u610f\u5473\u8457\uff1a\u8981\u9ebc\u7ba1\u7406\u5c64\u5236\u5b9a\u4e86\u4e00\u9805\u6230\u7565\uff0c\u96a8\u8457\u6642\u9593\u7684\u63a8\u79fb\uff0c\u8a72\u6230\u7565\u7684\u512a\u52e2\u660e\u986f [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":390830,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426],"tags":[574],"class_list":["post-390833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hant","tag-574","sectors--zh-hant","sectors-financial-products-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/390833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=390833"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/390833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/390830"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=390833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=390833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=390833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}