{"id":634778,"date":"2026-05-03T18:29:49","date_gmt":"2026-05-04T01:29:49","guid":{"rendered":"https:\/\/nai500.com\/?p=634778"},"modified":"2026-05-03T18:29:49","modified_gmt":"2026-05-04T01:29:49","slug":"dalio%e7%9a%84%e9%bb%83%e9%87%91%e5%bb%ba%e8%ad%b0%ef%bc%9a%e9%85%8d%e7%bd%ae%e6%af%94%e4%be%8b%e6%9c%80%e9%ab%98%e5%8f%af%e9%81%9415","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/05\/dalio%e7%9a%84%e9%bb%83%e9%87%91%e5%bb%ba%e8%ad%b0%ef%bc%9a%e9%85%8d%e7%bd%ae%e6%af%94%e4%be%8b%e6%9c%80%e9%ab%98%e5%8f%af%e9%81%9415\/","title":{"rendered":"Dalio\u7684\u9ec3\u91d1\u5efa\u8b70\uff1a\u914d\u7f6e\u6bd4\u4f8b\u6700\u9ad8\u53ef\u905415%"},"content":{"rendered":"<p><strong>\u7f8e\u4f0a\u6230\u4e8b\u9032\u5165\u7b2c<\/strong><strong>9<\/strong><strong>\u5468\uff0c\u73fe\u8ca8\u9ec3\u91d1\u50f9\u683c\u4e0d\u6f32\u53cd\u8dcc\u903e<\/strong><strong>10%<\/strong><strong>\u3002\u6a4b\u6c34\u57fa\u91d1\u5275\u59cb\u4eba<\/strong><strong>Ray Dalio<\/strong><strong>\u537b\u9006\u52e2\u547c\u7c72\uff1a\u5c07\u6295\u8cc7\u7d44\u5408\u4e2d\u7684\u9ec3\u91d1\u914d\u7f6e\u63d0\u5347\u81f3<\/strong><strong>5%-15%<\/strong><strong>\u3002\u4ed6\u770b\u5230\u4e86\u4ec0\u9ebc\uff1f<\/strong><\/p>\n<p>\u81ea\u6230\u722d\u7206\u767c\u4ee5\u4f86\uff0c\u9ec3\u91d1\u672a\u80fd\u767c\u63ee\u50b3\u7d71\u907f\u96aa\u529f\u80fd\uff0c\u53cd\u800c\u5f9e\u9ad8\u4f4d\u56de\u843d\u3002\u53bb\u5e74\u5168\u5e74\u91d1\u50f9\u6f32\u5e45\u8fd170%\uff0c\u4eca\u5e74\u8fc4\u4eca\u50c5\u5fae\u6f32\u7d045%\u3002\u7136\u800cDalio\u5728\u8fd1\u671f\u8a2a\u8ac7\u4e2d\u660e\u78ba\u8868\u793a\uff0c\u5168\u7403\u4e0d\u78ba\u5b9a\u6027\u5df2\u986f\u8457\u4e0a\u5347\uff0c\u6295\u8cc7\u8005\u61c9\u63d0\u9ad8\u9ec3\u91d1\u6301\u5009\uff0c\u5c07\u5176\u4f5c\u70ba\u6295\u8cc7\u7d44\u5408\u7684\u201c\u7a69\u58d3\u5668\u201d\u3002<\/p>\n<h2>\u53bb\u7f8e\u5143\u5316\u52a0\u901f\uff0c\u9ec3\u91d1\u8fce\u4f86\u7d50\u69cb\u6027\u652f\u6490<\/h2>\n<p>Dalio\u8a8d\u70ba\uff0c\u77ed\u671f\u6230\u722d\u96d6\u63a8\u9ad8\u7f8e\u5143\u907f\u96aa\u9700\u6c42\uff0c\u4f46\u771f\u6b63\u5229\u597d\u9ec3\u91d1\u7684\u6df1\u5c64\u52d5\u529b\u5728\u65bc\u00a0\u201c\u7f8e\u5143\u9ad4\u7cfb\u4e4b\u5916\u7684\u4ea4\u6613\u6b63\u5728\u589e\u591a\u201d\u00a0\u3002\u570b\u969b\u9593\u4ee5\u4eba\u6c11\u5e63\u7d50\u7b97\u7684\u8cbf\u6613\u91cf\u8fd1\u671f\u4e0a\u5347\uff0c\u7f8e\u570b\u983b\u7e41\u4f7f\u7528\u91d1\u878d\u5236\u88c1\uff0c\u758a\u52a0\u5168\u7403\u8cbf\u6613\u683c\u5c40\u91cd\u69cb\uff0c\u90fd\u5728\u6301\u7e8c\u4fb5\u8755\u7f8e\u5143\u9ad4\u7cfb\u7684\u4e3b\u5c0e\u5730\u4f4d\u3002<\/p>\n<p>\u6578\u64da\u5370\u8b49\u4e86\u9019\u4e00\u8da8\u52e2\uff1a2025\u5e74\u5168\u5e74\u7f8e\u5143\u6307\u6578\u8dcc\u5e45\u8fd110%\uff0c\u4eca\u5e74\u65e9\u4e9b\u6642\u5019\u66f4\u4e00\u5ea6\u8dcc\u81f3\u56db\u5e74\u4f4e\u9ede\u3002\u96d6\u7136\u5728\u7f8e\u4f0a\u6230\u722d\u885d\u64ca\u4e0b\uff0c\u7f8e\u5143\u77ed\u671f\u91cd\u56de\u907f\u96aa\u9996\u9078\uff0c\u5c0e\u81f4\u91d1\u50f9\u627f\u58d3\u81f34600\u7f8e\u5143\/\u76ce\u53f8\u4ee5\u4e0b\uff0c\u4f46Dalio\u6307\u51fa\uff0c\u53bb\u7f8e\u5143\u5316\u662f\u9577\u671f\u7d50\u69cb\u6027\u7684\uff0c\u4e0d\u6703\u56e0\u4e00\u5834\u6230\u722d\u800c\u9006\u8f49\u3002\u7576\u8d8a\u4f86\u8d8a\u591a\u570b\u5bb6\u5c0b\u627e\u7f8e\u5143\u7684\u66ff\u4ee3\u65b9\u6848\uff0c\u9ec3\u91d1\u4f5c\u70ba\u975e\u4e3b\u6b0a\u8cc7\u7522\u7684\u50f9\u503c\u5c07\u88ab\u91cd\u65b0\u5b9a\u50f9\u3002<\/p>\n<h2>\u6eef\u8139\u3001AI\u8207\u5927\u9031\u671f\uff1a\u4e09\u91cd\u58d3\u529b\u4e0b\u7684\u5c0d\u6c96\u908f\u8f2f<\/h2>\n<p>Dalio\u8b66\u544a\uff0c\u7f8e\u570b\u7d93\u6fdf\u5df2\u986f\u73fe\u5178\u578b\u7684\u6eef\u8139\u7279\u5fb5\u3002\u6230\u722d\u7206\u767c\u4ee5\u4f86\uff0c\u6a19\u666e500\u6307\u6578\u4ecd\u4e0a\u6f32\u8fd14%\uff0c\u986f\u793a\u4f01\u696d\u76c8\u5229\u5c1a\u53ef\uff1b\u4f46\u6cb9\u50f9\u98c6\u5347\u63a8\u9ad8\u901a\u8139\uff0c\u5c31\u696d\u5e02\u5834\u537b\u51fa\u73fe\u8d70\u5f31\u8de1\u8c61\u3002\u589e\u9577\u653e\u7de9\u8207\u901a\u8139\u9811\u56fa\u4e26\u5b58\uff0c\u50b3\u7d71\u8cc7\u7522\u914d\u7f6e\u9677\u5165\u5169\u96e3\uff1a\u80a1\u7968\u6015\u8870\u9000\uff0c\u50b5\u5238\u6015\u901a\u8139\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u4ed6\u63d0\u9192\u6295\u8cc7\u8005\u95dc\u6ce8\u5169\u500b\u66f4\u5927\u7684\u80cc\u666f\u8b8a\u91cf\u3002\u4e00\u662f\u4eba\u5de5\u667a\u80fd\u6d6a\u6f6e\uff1aAI\u5728\u63d0\u5347\u6548\u7387\u7684\u540c\u6642\uff0c\u53ef\u80fd\u52a0\u5287\u672c\u5df2\u61f8\u6b8a\u7684\u8ca7\u5bcc\u5dee\u8ddd\uff0c\u6fc0\u5316\u793e\u6703\u77db\u76fe\u3002\u4e8c\u662f\u201c\u5927\u9031\u671f\u201d\u7406\u8ad6\uff1a\u4e16\u754c\u6b63\u8655\u65bc\u50b5\u52d9\u9ad8\u4f01\u3001\u5167\u90e8\u77db\u76fe\u52a0\u5287\u7684\u9031\u671f\u5f8c\u6bb5\uff0c\u9019\u4e00\u968e\u6bb5\u5f80\u5f80\u6703\u50ac\u751f\u7d93\u6fdf\u8207\u653f\u6cbb\u9ad4\u7cfb\u7684\u91cd\u7d44\u3002<\/p>\n<p>\u201c\u666e\u901a\u4eba\u96e3\u4ee5\u56de\u907f\u9019\u4e9b\u8907\u96dc\u8b8a\u5316\u3002\u5206\u6563\u6295\u8cc7\u4e0d\u518d\u662f\u53ef\u9078\u9805\uff0c\u800c\u662f\u5fc5\u8981\u9805\u3002\u201d<\/p>\n<p>\u9ec3\u91d1\u4e0d\u4f9d\u8cf4\u4f01\u696d\u76c8\u5229\uff0c\u4e5f\u4e0d\u76f4\u63a5\u53d7\u5229\u7387\u5de6\u53f3\uff0c\u5728\u50b3\u7d71\u91d1\u878d\u8cc7\u7522\u6ce2\u52d5\u5287\u70c8\u6642\u80fd\u8d77\u5230\u6709\u6548\u5c0d\u6c96\u4f5c\u7528\u3002\u9019\u4e5f\u662f\u70ba\u4ec0\u9ebcDalio\u5efa\u8b70\u914d\u7f6e5%-15%\uff0c\u800c\u975e\u91cd\u5009\u6295\u6a5f\u3002<\/p>\n<h2>\u9ec3\u91d1\u7684\u547d\u8108\u5728\u6cb9\u50f9\uff1a\u970d\u723e\u6728\u8332\u6d77\u5cfd\u6210\u6700\u5927\u8b8a\u6578<\/h2>\n<p>\u77ed\u671f\u91d1\u50f9\u7dca\u76ef\u970d\u723e\u6728\u8332\u6d77\u5cfd\u7684\u901a\u884c\u72c0\u6cc1\u3002\u76db\u5bf6\u9280\u884cOle Hansen\u6307\u51fa\uff1a\u201c\u7576\u524d\u8cb4\u91d1\u5c6c\u8d70\u52e2\u5e7e\u4e4e\u5b8c\u5168\u8ddf\u96a8\u80fd\u6e90\u5e02\u5834\u3002\u201d\u7f8e\u4f0a\u8ac7\u5224\u672a\u5982\u671f\u8209\u884c\uff0c\u7279\u6717\u666e\u88ab\u66dd\u6e96\u5099\u9577\u671f\u5c01\u9396\u6d77\u5cfd\uff0c\u4f46\u570b\u5167\u653f\u6cbb\u58d3\u529b\u4e0b\u4e5f\u53ef\u80fd\u518d\u6b21\u201c\u670d\u8edf\u201d\u3002Dalio\u8a55\u8ad6\u7a31\uff1a\u201c\u7f8e\u570b\u5e0c\u671b\u4ee5\u52dd\u5229\u8005\u59ff\u614b\u9000\u5834\uff0c\u4f46\u6642\u9593\u4e0d\u591a\u4e86\u3002\u201dHansen\u88dc\u5145\uff0c\u9ec3\u91d1\u77ed\u671f\u4f4e\u8ff7\uff0c\u4f46\u53bb\u7f8e\u5143\u5316\u3001\u9ad8\u50b5\u52d9\u3001\u5730\u7de3\u885d\u7a81\u7b49\u9577\u671f\u7d50\u69cb\u6027\u9a45\u52d5\u56e0\u7d20\u4e26\u672a\u6539\u8b8a\u3002<\/p>\n<h2>\u6295\u8cc7\u8005\u8a72\u600e\u9ebc\u8fa6\uff1f<\/h2>\n<p>Dalio\u7684\u5efa\u8b70\u6e05\u6670\u4e14\u514b\u5236\uff1a<strong>\u4e0d\u5fc5\u8ffd\u6c42\u8cb7\u5165\u9ec3\u91d1\u7684\u6700\u4f4e\u9ede\uff0c\u800c\u662f\u5c07<\/strong><strong>5%-15%<\/strong><strong>\u7684\u5009\u4f4d\u4f5c\u70ba\u9577\u671f\u914d\u7f6e\u7684\u4e00\u90e8\u5206<\/strong>\u3002\u5c0d\u65bc\u666e\u901a\u6295\u8cc7\u8005\uff0c\u589e\u6301\u9ec3\u91d1\u4e0d\u610f\u5473\u8457\u8cfc\u8cb7\u5be6\u7269\u91d1\u689d\u3002\u9ec3\u91d1ETF\u3001\u9ec3\u91d1\u7926\u696d\u80a1\u6216\u542b\u8cb4\u91d1\u5c6c\u7684\u6df7\u5408\u578b\u57fa\u91d1\u90fd\u662f\u4fbf\u6377\u7684\u5de5\u5177\u3002<\/p>\n<p>\u4f46\u4ed6\u4e5f\u63d0\u9192\uff1a\u9ec3\u91d1\u4e0d\u7522\u751f\u5229\u606f\u6216\u80a1\u606f\uff0c\u914d\u7f6e\u6bd4\u4f8b\u904e\u9ad8\u6703\u62d6\u7d2f\u9577\u671f\u8907\u5229\u6536\u76ca\u30025%-15%\u7684\u5340\u9593\uff0c\u6b63\u662f\u7559\u7d66\u6295\u8cc7\u8005\u6839\u64da\u81ea\u8eab\u98a8\u96aa\u504f\u597d\u8abf\u6574\u7684\u7a7a\u9593\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u4f0a\u6230\u4e8b\u9032\u5165\u7b2c9\u5468\uff0c\u73fe\u8ca8\u9ec3\u91d1\u50f9\u683c\u4e0d\u6f32\u53cd\u8dcc\u903e10%\u3002\u6a4b\u6c34\u57fa\u91d1\u5275\u59cb\u4ebaRay Dalio\u537b\u9006\u52e2\u547c\u7c72\uff1a\u5c07\u6295\u8cc7\u7d44\u5408\u4e2d\u7684\u9ec3 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":581790,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431,2197],"tags":[675,2135,568,561],"class_list":["post-634778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","category-2197","tag--zh-hant","tag-2135","tag-zh-hant-blog-tag-","tag-561","sectors-gold-zh-hant","locations-middle-east-zh-hant","locations-us-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/634778","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\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=634778"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/634778\/revisions"}],"predecessor-version":[{"id":634781,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/634778\/revisions\/634781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/581790"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=634778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=634778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=634778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}