{"id":399522,"date":"2021-09-28T20:04:10","date_gmt":"2021-09-29T03:04:10","guid":{"rendered":"https:\/\/nai500.com\/?p=399522"},"modified":"2021-09-28T20:04:10","modified_gmt":"2021-09-29T03:04:10","slug":"%e6%a9%8b%e6%b0%b4-%e5%9f%ba%e9%87%91-ray-dalio-%e8%b2%b7%e5%85%a5-%e9%80%9910%e5%8f%aa-%e8%82%a1%e7%a5%a8%ef%bc%81","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2021\/09\/%e6%a9%8b%e6%b0%b4-%e5%9f%ba%e9%87%91-ray-dalio-%e8%b2%b7%e5%85%a5-%e9%80%9910%e5%8f%aa-%e8%82%a1%e7%a5%a8%ef%bc%81\/","title":{"rendered":"\u5c0f\u672c\u672c\u8a18\u4e0b\u4f86\uff0c\u6a4b\u6c34\u57fa\u91d1\u7684Ray Dalio\u6b63\u5728\u8cb7\u5165\u901910\u53ea\u80a1\u7968\uff01"},"content":{"rendered":"<p>\u5728\u9019\u7bc7\u6587\u7ae0\u4e2d\uff0c\u6211\u5011\u56de\u9867\u4e86\u6a4b\u6c34\u57fa\u91d1(Bridgewater Associates)\u5275\u59cb\u4ebaRay Dalio\u7684\u6295\u8cc7\u7d44\u5408\u8abf\u6574\u7b56\u7565\uff0c\u4ee5\u61c9\u5c0d\u80a1\u5e02\u51fa\u73fe\u7684\u6ce2\u52d5\u3002\u6211\u5011\u9084\u8a0e\u8ad6\u4e86\u9019\u540d\u5104\u842c\u5bcc\u8c6a\u6295\u8cc7\u8005\u6b63\u5728\u8cfc\u8cb7\u7684\u5341\u96bb\u80a1\u7968\u3002<\/p>\n<p>Raymond Thomas Dalio\u50f9\u503c2230\u5104\u7f8e\u5143\u7684\u6a4b\u6c34\u57fa\u91d1\u88ab\u5217\u70ba\u5168\u4e16\u754c\u6700\u597d\u548c\u898f\u6a21\u6700\u5927\u7684\u5c0d\u6c96\u57fa\u91d1\u4e4b\u4e00\u3002\u9019\u4f4d72\u6b72\u7684\u50b3\u5947\u6295\u8cc7\u8005\u767c\u660e\u4e86\u8a31\u591a\u5e38\u7528\u7684\u91d1\u878d\u7b56\u7565\uff0c\u5982\u5168\u7403\u901a\u8ca8\u81a8\u8139\u6307\u6578\u50b5\u5238\u3001\u8ca8\u5e63\u7ba1\u7406\u5916\u5305\u3001\u53ef\u8f49\u79fb\u963f\u723e\u6cd5\u548c\u98a8\u96aa\u5747\u8861\u3002<\/p>\n<p>1975\u5e74\uff0cDalio\u5728\u81ea\u5df1\u7d10\u7d04\u7684\u516c\u5bd3\u88e1\u5275\u8fa6\u4e86Bridgewater Associates\uff0c\u4e26\u81ea1985\u5e74\u4ee5\u4f86\u64d4\u4efb\u806f\u5408\u9996\u5e2d\u6295\u8cc7\u5b98\u3002LCH Investments\u7a31Dalio\u662f\u6709\u53f2\u4ee5\u4f86\u6700\u597d\u7684\u5c0d\u6c96\u57fa\u91d1\u7d93\u7406\uff0c\u6a4b\u6c34\u57fa\u91d1\u81ea\u6210\u7acb\u4ee5\u4f86\u6de8\u6536\u76ca\u9054465\u5104\u7f8e\u5143\u3002<\/p>\n<p>\u76ee\u524d\uff0c\u8a72\u57fa\u91d1\u6b63\u5728\u5c0b\u6c42\u6301\u6709\u90a3\u4e9b\u64c1\u6709\u5f37\u5927\u5546\u696d\u6a21\u5f0f\u548c\u5f37\u5927\u73fe\u91d1\u751f\u6210\u6f5b\u529b\u7684\u6210\u719f\u516c\u53f8\u7684\u80a1\u7968\u3002\u6a4b\u6c34\u57fa\u91d1\u57282020\u5e74\u8667\u640d\u4e86121\u5104\u7f8e\u5143\uff0c\u4e26\u5728\u6d88\u8cbb\u5fc5\u9700\u54c1\u3001\u975e\u5fc5\u9700\u6d88\u8cbb\u54c1\u3001\u91ab\u7642\u4fdd\u5065\u548c\u901a\u4fe1\u985e\u80a1\u7968\u4e0a\u50be\u6ce8\u4e86\u6578\u5341\u5104\u7f8e\u5143\u7684\u6295\u8cc7\u3002\u53bb\u5e74\uff0c\u6295\u8cc7\u91d1\u878d\u80a1\u7968\u3001\u50b5\u52d9\u8b49\u5238\u548c\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\u7d66\u9019\u4f4d\u7f8e\u570b\u5104\u842c\u5bcc\u7fc1\u9020\u6210\u4e86\u640d\u5931\uff0cDalio\u73fe\u5728\u5728\u798f\u5e03\u65af\u5bcc\u8c6a\u699c\u4e0a\u6392\u540d\u7b2c88\u4f4d\uff0c\u6de8\u8cc7\u7522\u7d04\u70ba200\u5104\u7f8e\u5143\u3002<\/p>\n<p>\u4ed6\u7684\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u50f9\u503c155.8\u5104\u7f8e\u5143\u768413F\u8b49\u5238\uff0c\u5728\u7b2c\u4e8c\u5b63\u5ea6\u7d50\u675f\u6642\uff0c\u53ea\u670923%\u7684\u6295\u8cc7\u7d44\u5408\u5728\u91d1\u878d\u9818\u57df\uff0c\u800c\u57282019\u5e74\u5e95\uff0c\u9019\u4e00\u6bd4\u4f8b\u9ad8\u905481%\u3002\u7b2c\u4e8c\u5b63\u5ea6\uff0cDalio\u52a0\u500d\u6295\u8cc7\u65bc\u9802\u7d1a\u6d88\u8cbb\u985e\u516c\u53f8\uff0c\u5305\u62ec\u661f\u5df4\u514bStarbucks Corporation (NASDAQ:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=SBUX\">SBUX<\/a>)\u3001\u597d\u5e02\u591aCostco Wholesale Corporation (NYSE:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=COST\">COST<\/a>)\u548c\u9ea5\u7576\u52deMcDonald\u2019s Corporation (NYSE:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=MCD\">MCD<\/a>)\u3002<\/p>\n<p>\u8207\u6b64\u540c\u6642\uff0c\u6a4b\u6c34\u57fa\u91d1\u7b2c\u4e8c\u5b63\u5ea6\u9084\u5927\u5e45\u589e\u6301\u4e86\u5bf6\u6f54\u516c\u53f8Procter &amp; Gamble Co (NYSE:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=PG\">PG<\/a>)\u3001\u5f37\u751fJohnson &amp; Johnson (NYSE:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=JNJ\">JNJ<\/a>)\u3001\u6c83\u723e\u746aWalmart Inc. (NYSE:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=WMT\">WMT<\/a>)\u548c\u767e\u4e8b\u53ef\u6a02PepsiCo, Inc. (NASDAQ:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=PEP\">PEP<\/a>) \u3002<\/p>\n<p>\u4e0b\u9762\u5c31\u662f\u9019\u540d\u5104\u842c\u5bcc\u8c6a\u6295\u8cc7\u8005\u6b63\u5728\u8cb7\u5165\u7684\u5341\u96bb\u80a1\u7968\uff0c\u8b93\u6211\u5011\u4f86\u4e00\u63a2\u7a76\u7adf\uff1a<\/p>\n<h3>10. Danaher Corporation (NYSE:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=DHR\">DHR<\/a>)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 2.3<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 1.48%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 78<\/em><\/strong><\/p>\n<p>Dalio\u5c0dDanaher Corporation (NYSE:DHR)\u61c9\u8a72\u6c92\u770b\u932f\uff0c\u56e0\u70ba\u9019\u5bb6\u91ab\u7642\u4fdd\u5065\u8a2d\u5099\u88fd\u9020\u5546\u7684\u80a1\u50f9\u4eca\u5e74\u8fc4\u4eca\u5df2\u5927\u6f3246%\u3002\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u6a4b\u6c34\u57fa\u91d1\u5c07\u5176\u5728Danaher Corporation\u7684\u73fe\u6709\u80a1\u4efd\u63d0\u9ad8\u4e8693%\uff0c\u9054\u5230857,833\u80a1\u3002\u9664\u4e86\u80a1\u50f9\u4e0a\u6f32\uff0c\u8a72\u80a1\u9084\u63d0\u4f9b\u6bcf\u80a10.21\u7f8e\u5143\u7684\u5b63\u5ea6\u80a1\u606f\uff0c\u6536\u76ca\u7387\u7d04\u70ba0.26%\u3002<\/p>\n<p>Danaher\u5728\u7b2c\u4e8c\u5b63\u5ea6\u9032\u884c\u4e86\u4e00\u6b21\u5f15\u4eba\u6ce8\u76ee\u7684\u6536\u8cfc\uff0c\u4ee590\u5104\u7f8e\u5143\uff08\u7d04\u5360\u5176\u5e02\u503c\u76845%\uff09\u6536\u8cfc\u4e86\u79c1\u6709\u7684Aldevron\uff0c\u8a72\u516c\u53f8\u662f\u5feb\u901f\u767c\u5c55\u7684\u57fa\u56e0\u7d44\u91ab\u5b78\u9818\u57df\u7684\u9818\u5148\u8005\u3002\u591a\u5e74\u4f86\uff0cDanaher\u5df2\u7d93\u5efa\u7acb\u4e86\u4e00\u500b\u7368\u7279\u7684\u751f\u547d\u79d1\u5b78\u548c\u8a3a\u65b7\u8cc7\u7522\u7d44\u5408\u3002\u4e3b\u8981\u751f\u547d\u79d1\u5b78\u696d\u52d9\u6d89\u53ca\u70ba\u7814\u7a76\u3001\u958b\u767c\u548c\u88fd\u9020\u751f\u7269\u6280\u8853\u85e5\u7269\u63d0\u4f9b\u5de5\u5177\u548c\u670d\u52d9\u3002\u4f8b\u5982\uff0c\u8a72\u516c\u53f8\u662f\u5168\u7403400\u591a\u500bCOVID\u75ab\u82d7\u548c\u6cbb\u7642\u9805\u76ee\u7684\u95dc\u9375\u4f9b\u61c9\u5546\u3002<\/p>\n<h3>9. \u661f\u5df4\u514bStarbucks Corporation (NASDAQ:SBUX)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 2.34<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 1.50%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 63<\/em><\/strong><\/p>\n<p>\u661f\u5df4\u514b\u662f\u7f8e\u570b\u6700\u597d\u7684\u6d3e\u606f\u516c\u53f8\u4e4b\u4e00\u3002\u76ee\u524d\uff0c\u6295\u8cc7\u661f\u5df4\u514b\u80a1\u7968\u7684\u80a1\u606f\u6536\u76ca\u7387\u70ba1.80%\uff0c\u800c\u4e14\u661f\u5df4\u514b\u7684\u80a1\u50f9\u5728\u904e\u53bb12\u500b\u6708\u4e2d\u98c6\u5347\u4e8630%\uff0c\u9019\u7576\u7136\u96e2\u4e0d\u958b\u5f37\u52c1\u7684\u8ca1\u52d9\u589e\u9577\u548c\u66f4\u5149\u660e\u7684\u7d93\u6fdf\u5fa9\u8607\u524d\u666f\u3002<\/p>\n<p>\u57282021\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u7684\u6295\u8cc7\u8005\u4fe1\u4e2d\uff0cPolen Capital\u63d0\u5230\u4e86\u4e00\u4e9b\u80a1\u7968\uff0c\u5176\u4e2d\u5c31\u5305\u62ec\u661f\u5df4\u514b\uff0c\u4fe1\u4e2d\u5beb\u9053\uff0c\u201c\u5c0d\u65bc\u661f\u5df4\u514b\u4f86\u8aaa\uff0c\u6211\u5011\u8a8d\u70ba\u8a72\u516c\u53f8\u7684\u57fa\u790e\u696d\u52d9\u4ecd\u7136\u5f37\u52c1\u3002\u661f\u5df4\u514b\u4e00\u76f4\u5728\u52aa\u529b\u61c9\u5c0d\u5927\u6d41\u884c\u75c5\u7684\u5f71\u97ff\uff0c\u800c\u8ca1\u5831\u7e7c\u7e8c\u986f\u793a\u51fa\u5927\u6d41\u884c\u75c5\u5f8c\u7684\u6301\u7e8c\u6062\u5fa9\u3002\u201d<\/p>\n<h3>8. \u963f\u88e1\u5df4\u5df4Alibaba Group Holding Limited (NYSE:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=BABA\">BABA<\/a>)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 3.21<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.06%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 146<\/em><\/strong><\/p>\n<p>\u6839\u64da\u7b2c\u4e8c\u5b63\u5ea6\u7684\u4e0a\u5831\u6587\u4ef6\uff0c\u6a4b\u6c34\u57fa\u91d1\u5c07\u5176\u5728\u4e2d\u570b\u6700\u5927\u7684\u96fb\u5b50\u5546\u52d9\u5e73\u81fa\u963f\u88e1\u5df4\u5df4\u96c6\u5718\u63a7\u80a1\u6709\u9650\u516c\u53f8\u7684\u80a1\u4efd\u589e\u52a0\u4e862%\uff0c\u81f3141\u842c\u80a1\u3002\u4e0d\u904e\uff0c\u963f\u88e1\u5df4\u5df4\u80a1\u50f9\u4eca\u5e74\u56e0\u76e3\u7ba1\u554f\u984c\u800c\u5927\u5e45\u4e0b\u8dcc\u3002<\/p>\n<h3>7. \u9ea5\u7576\u52deMcDonald\u2019s Corporation (NYSE:MCD)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 3.22<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.07%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 66<\/em><\/strong><\/p>\n<p>\u9ea5\u7576\u52de\u516c\u53f8\u73fe\u5728\u5728Ray Dalio\u8cb7\u5165\u7684\u80a1\u7968\u540d\u55ae\u4e2d\u6392\u540d\u7b2c\u516d\u3002\u6839\u64da\u7b2c\u4e8c\u5b63\u5ea6\u768413F\u6587\u4ef6\uff0c\u6a4b\u6c34\u57fa\u91d1\u5c07\u5176\u5728\u9ea5\u7576\u52de\u516c\u53f8\u7684\u5009\u4f4d\u63d0\u9ad8\u4e8648%\uff0c\u9054\u52303.22\u5104\u7f8e\u5143\u3002\u9ea5\u7576\u52de\u80a1\u50f9\u4eca\u5e74\u8fc4\u4eca\u5df2\u5927\u6f3213%\u3002<\/p>\n<h3>6. \u597d\u5e02\u591aCostco Wholesale Corporation (NYSE:COST)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 3.33<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.14%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 54<\/em><\/strong><\/p>\n<p>\u6a4b\u6c34\u57fa\u91d1\u5c07\u5176\u5728\u597d\u5e02\u591a\u7684\u6301\u80a1\u6bd4\u91cd\u589e\u52a0\u4e8649%\uff0c\u5360\u5230\u5176\u6574\u500b\u6295\u8cc7\u7d44\u5408\u76842.14%\u3002\u5728\u7b2c\u4e8c\u5b63\u5ea6\u672b\uff0c\u6a4b\u6c34\u57fa\u91d1\u5171\u6301\u6709\u50f9\u503c3.33\u5104\u7f8e\u5143\u7684\u597d\u5e02\u591a\u80a1\u7968\uff0c\u6210\u70baDalio\u7684\u7b2c\u4e94\u5927\u6301\u80a1\u3002\u597d\u5e02\u591a\u80a1\u50f9\u81ea\u4eca\u5e74\u5e74\u521d\u4ee5\u4f86\u98c6\u5347\u4e8632%\uff0c\u8a72\u516c\u53f8\u9084\u63d0\u4f9b0.69%\u7684\u80a1\u606f\u6536\u76ca\u7387\u3002<\/p>\n<h3>5. \u767e\u4e8b\u53ef\u6a02PepsiCo, Inc. (NASDAQ:PEP)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 3.95<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em> \u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.54%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 66<\/em><\/strong><\/p>\n<p>Ray Dalio\u5c0d\u6d88\u8cbb\u985e\u516c\u53f8\u767e\u4e8b\u53ef\u6a02\u7684\u4fe1\u5fc3\u6700\u8fd1\u4e5f\u5f97\u5230\u4e86\u589e\u5f37\u3002\u6a4b\u6c34\u57fa\u91d1\u57282021\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5c07\u6301\u6709\u7684\u767e\u4e8b\u53ef\u6a02\u7684\u80a1\u4efd\u589e\u52a0\u4e8649%\uff0c\u9054\u5230\u6574\u500b\u6295\u8cc7\u7d44\u5408\u76842.54%\u3002\u767e\u4e8b\u53ef\u6a02\u5728\u901a\u904e\u5206\u7d05\u70ba\u6295\u8cc7\u8005\u5275\u9020\u56de\u5831\u65b9\u9762\u6709\u8457\u60a0\u4e45\u7684\u6b77\u53f2\u3002\u5728\u904e\u53bb\u768449\u5e74\u88e1\uff0c\u767e\u4e8b\u516c\u53f8\u9023\u7e8c\u589e\u52a0\u4e86\u80a1\u606f\uff0c\u73fe\u5728\u7684\u80a1\u606f\u6536\u76ca\u7387\u7d04\u70ba2.9%\u3002<\/p>\n<p>\u8fd1\u5e7e\u500b\u6708\uff0c\u83ef\u723e\u8857\u8070\u660e\u7684\u8cc7\u91d1\u5c0d\u767e\u4e8b\u53ef\u6a02\u4e5f\u66f4\u52a0\u71b1\u8877\u30022021\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u672b\uff0c\u767e\u4e8b\u53ef\u6a02\u51fa\u73fe\u572866\u5bb6\u5c0d\u6c96\u57fa\u91d1\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\uff0c\u800c\u4e0a\u4e00\u5b63\u5ea6\u70ba61\u5bb6\u3002<\/p>\n<h3>4. \u53ef\u53e3\u53ef\u6a02The Coca-Cola Company (NYSE:<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=KO\">KO<\/a>)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 4.45<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.86%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 62<\/em><\/strong><\/p>\n<p>\u7531\u65bc\u53ef\u53e3\u53ef\u6a02\u516c\u53f8\u6709\u9577\u905459\u5e74\u7684\u80a1\u606f\u589e\u9577\u6b77\u53f2\uff0c\u5728\u80a1\u606f\u6295\u8cc7\u7d44\u5408\u4e2d\u662f\u4e00\u652f\u975e\u5e38\u512a\u79c0\u7684\u80a1\u7968\u3002\u76ee\u524d\uff0c\u53ef\u53e3\u53ef\u6a02\u7684\u80a1\u606f\u6536\u76ca\u7387\u7d04\u70ba3.09%\uff0c\u5b63\u5ea6\u80a1\u606f\u70ba\u6bcf\u80a10.42\u7f8e\u5143\u3002Ray Dalio\u7684\u57fa\u91d1\u5728\u7b2c\u4e8c\u5b63\u5ea6\u5c07\u5176\u5728\u53ef\u53e3\u53ef\u6a02\u7684\u80a1\u4efd\u589e\u52a0\u4e8645%\uff0c\u9054\u52304.45\u5104\u7f8e\u5143\u3002<\/p>\n<h3>3. \u5f37\u751fJohnson &amp; Johnson (NYSE:JNJ)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 4.65<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 2.98%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 88<\/em><\/strong><\/p>\n<p>\u91ab\u85e5\u5de8\u982d\u5f37\u751f\u516c\u53f8\u4e5f\u662f\u7b2c\u4e8c\u5b63\u5ea6\u7372\u5f97Ray Dalio\u4fe1\u4efb\u7684\u516c\u53f8\u4e4b\u4e00\uff0c\u6a4b\u6c34\u57fa\u91d1\u5c07\u5176\u5728\u5f37\u751f\u7684\u80a1\u4efd\u589e\u52a0\u4e8665%\u81f3282\u842c\u80a1\u3002\u5728\u5176\u5ee3\u6cdb\u7684\u80a1\u606f\u589e\u9577\u6b77\u53f2\u4e2d\uff0c\u5f37\u751f\u516c\u53f8\u4e00\u76f4\u88ab\u8a8d\u70ba\u662f\u80a1\u606f\u738b\u8005\u3002\u4eca\u5e74\u8fc4\u4eca\u70ba\u6b62\uff0c\u5176\u80a1\u50f9\u4e0a\u6f32\u63a5\u8fd15%\u3002<\/p>\n<p>\u5176\u4ed6\u5c0d\u6c96\u57fa\u91d1\u5c0d\u5f37\u751f\u7684\u8208\u8da3\u4e5f\u5728\u589e\u52a0\u3002\u7b2c\u4e8c\u5b63\u5ea6\u672b\uff0c\u5171\u670988\u5bb6\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u5f37\u751f\u7684\u80a1\u7968\uff0c\u524d\u4e00\u5b63\u5ea6\u70ba81\u5bb6\u3002<\/p>\n<h3>2. \u5bf6\u6f54The Procter &amp; Gamble Company (NYSE:PG)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 6.41<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 4.11%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 68<\/em><\/strong><\/p>\n<p>\u5728\u5104\u842c\u5bcc\u7fc1Ray Dalio\u773c\u4e2d\uff0c\u6d88\u8cbb\u54c1\u5de8\u982d\u5bf6\u6f54\u516c\u53f8\u4ecd\u7136\u662f\u6700\u503c\u5f97\u8cfc\u8cb7\u7684\u80a1\u7968\u4e4b\u4e00\u3002\u6a4b\u6c34\u57fa\u91d1\u5728\u7b2c\u4e8c\u5b63\u5ea6\u672b\u5c07\u5176\u5728\u5bf6\u6f54\u7684\u80a1\u4efd\u63d0\u9ad8\u4e8647%\uff0c\u50f9\u503c6.41\u5104\u7f8e\u5143\uff0c\u5360\u6574\u500b\u6295\u8cc7\u7d44\u5408\u76844.11%\u3002\u5bf6\u6f54\u4e5f\u5df2\u7d93\u9023\u7e8c64\u5e74\u589e\u52a0\u80a1\u606f\uff0c\u5176\u80a1\u606f\u6536\u76ca\u7387\u76ee\u524d\u70ba2.55%\u3002<\/p>\n<p>\u5c0d\u65bc\u5bf6\u6f54\u9019\u53ea\u80a1\u7968\uff0c\u5c0d\u6c96\u57fa\u91d1\u8fd1\u5e7e\u500b\u6708\u7684\u6295\u8cc7\u8208\u8da3\u4f3c\u4e4e\u6709\u6240\u6e1b\u5f31\u3002\u7b2c\u4e00\u5b63\u5ea6\u672b\u6642\uff0c\u5171\u670970\u5bb6\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u5bf6\u6f54\u516c\u53f8\u7684\u80a1\u7968\uff0c\u9019\u500b\u6578\u5b57\u5230\u7b2c\u4e8c\u5b63\u5ea6\u672b\u8b8a\u621068\u5bb6\u3002<\/p>\n<h3>1. \u6c83\u723e\u746aWalmart Inc. (NYSE:WMT)<\/h3>\n<p><strong><em>Ray Dalio<\/em><\/strong><strong><em>\u7684\u6a4b\u6c34\u57fa\u91d1\u6301\u6709\u7684\u80a1\u4efd\u50f9\u503c<\/em><\/strong><strong><em>: 7.36<\/em><\/strong><strong><em>\u5104\u7f8e\u5143<\/em><\/strong><\/p>\n<p><strong><em>\u5360\u6a4b\u6c34\u57fa\u91d1<\/em><\/strong><strong><em>13F<\/em><\/strong><strong><em>\u6295\u8cc7\u7d44\u5408\u7684\u6bd4\u91cd<\/em><\/strong><strong><em>: 4.72%<\/em><\/strong><\/p>\n<p><strong><em>\u5c0d\u6c96\u57fa\u91d1\u6301\u6709\u8005\u7684\u6578\u91cf<\/em><\/strong><strong><em>: 71<\/em><\/strong><\/p>\n<p>\u6a4b\u6c34\u57fa\u91d1\u7b2c\u4e8c\u5b63\u5ea6\u5c07\u5176\u5728\u6c83\u723e\u746a\u7684\u5009\u4f4d\u589e\u52a0\u4e8645%\uff0c\u9054\u52307.36\u5104\uff0c\u6210\u70ba\u517613F\u6295\u8cc7\u7d44\u5408\u4e2d\u6301\u6709\u6700\u591a\u7684\u80a1\u7968\u3002\u6c83\u723e\u746a\u5728\u901a\u904e\u5206\u7d05\u5411\u80a1\u6771\u8fd4\u9084\u73fe\u91d1\u65b9\u9762\u4e5f\u6709\u8457\u60a0\u4e45\u7684\u6b77\u53f2\u3002\u76ee\u524d\uff0c\u6c83\u723e\u746a\u63d0\u4f9b\u7684\u5b63\u5ea6\u80a1\u606f\u70ba\u6bcf\u80a10.55\u7f8e\u5143\uff0c\u6536\u76ca\u7387\u7d04\u70ba1.57%\u3002<\/p>\n<p>\u622a\u81f3\u7b2c\u4e8c\u5b63\u5ea6\u672b\uff0c\u6c83\u723e\u746a\u51fa\u73fe\u572871\u5bb6\u5c0d\u6c96\u57fa\u91d1\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\uff0c\u8207\u524d\u4e00\u5b63\u5ea6\u768458\u5bb6\u76f8\u6bd4\uff0c\u6a5f\u69cb\u6295\u8cc7\u8208\u8da3\u5927\u5e45\u589e\u52a0\u3002<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5728\u9019\u7bc7\u6587\u7ae0\u4e2d\uff0c\u6211\u5011\u56de\u9867\u4e86\u6a4b\u6c34\u57fa\u91d1(Bridgewater Associates)\u5275\u59cb\u4ebaRay Dalio\u7684\u6295\u8cc7 [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":399519,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426,1522],"tags":[564,574],"class_list":["post-399522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hant","category-1522","tag-564","tag-574","sectors--zh-hant","sectors-life-science-zh-hant","sectors-financial-products-zh-hant","locations-canada-zh-hant","locations-us-zh-hant","exchange-nasdaq-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/399522","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=399522"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/399522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/399519"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=399522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=399522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=399522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}