{"id":3938,"date":"2014-03-07T07:03:43","date_gmt":"2014-03-06T23:03:43","guid":{"rendered":"http:\/\/ec.moneydj.com\/joe\/?p=3938"},"modified":"2014-07-18T17:18:15","modified_gmt":"2014-07-18T09:18:15","slug":"%e5%82%b5%e5%88%b8%e5%b8%82%e5%a0%b4%e7%9a%84%e5%a4%9a%e9%a0%ad%e6%8e%a5%e8%bf%91%e5%b0%be%e8%81%b2","status":"publish","type":"post","link":"https:\/\/blog.moneydj.com\/joe\/2014\/03\/07\/%e5%82%b5%e5%88%b8%e5%b8%82%e5%a0%b4%e7%9a%84%e5%a4%9a%e9%a0%ad%e6%8e%a5%e8%bf%91%e5%b0%be%e8%81%b2\/","title":{"rendered":"\u50b5\u5238\u5e02\u5834\u7684\u591a\u982d\u63a5\u8fd1\u5c3e\u8072"},"content":{"rendered":"

Joe\uff1a\u300c\u50b5\u5238\u5e02\u5834\u7684\u591a\u982d\u4f86\u5230\u4e86\u5c3e\u8072\uff0c\u4f8b\u5982\u9ad8\u6536\u76ca\u50b5\u50f9\u683c\u903c\u8fd1\u6b77\u53f2\u65b0\u9ad8\uff0c\u5373\u4f7f\u77ed\u671f\u5167\u5e02\u5834\u9055\u7d04\u7387\u4ecd\u7136\u504f\u4f4e\uff0c\u4f46\u5229\u6f64\u5df2\u7d93\u8584\u4e86\uff0c\u77ed\u671f\u5167\u4ecd\u7136\u6703\u58eb\u6c23\u50b5\u8f49\u80a1\u7684\u5e03\u5c40\u7b56\u7565\u3002\u300d<\/span><\/p>\n

\u6839\u64daBerkshire\u516c\u4f48\u7684\u5e74\u5831\uff0c\u622a\u81f32013\u5e7412\u670831\u65e5\u70ba\u6b62\uff0c\u56fa\u5b9a\u6536\u76ca\u8cc7\u7522\u50c5\u4f54\u4fdd\u96aa\u4e8b\u696d\u6295\u8cc7\u6bd4\u91cd\u768414%\uff1bBerkshire\u5c0d\u50b5\u5238\u7684\u6295\u8cc7\u4f54\u6bd4\u81ea 2002\u5e74\u4ee5\u4f86\u4e00\u76f4\u90fd\u7dad\u6301\u572820-25%\u4e4b\u9593\uff0cBerkshire\u7e3d\u503c1868\u5104\u7f8e\u5143\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\uff0c\u67091148\u5104\u7f8e\u5143\u914d\u7f6e\u5728\u80a1\u7968\uff0c\u6bd4\u4f8b\u591a\u905461.5%\uff0c\u80a1 \u795e(Warren Buffett)\u6c7a\u5b9a\u6e1b\u5c11\u57fa\u91d1\u516c\u53f8(Berkshire Hathaway)\u65d7\u4e0b\u4fdd\u96aa\u4e8b\u696d\u5c0d\u50b5\u5238\u7684\u914d\u7f6e\u6bd4\u91cd\uff0c\u6bd4\u4f8b\u5275\u4e0b10\u591a\u5e74\u65b0\u4f4e\uff0c\u4e26\u8b66\u544a\u6b96\u5229\u7387\u504f\u4f4e\u6050\u6703\u885d\u64ca\u7372\u5229\u3002<\/span><\/p>\n

Buffett\u8868\u793a\uff0c\u6b96\u5229\u7387\u504f\u4f4e\uff0c\u610f\u5473\u4fdd\u96aa\u5546\u8207\u5176\u4ed6\u50b5\u5238\u6295\u8cc7\u4eba\u6301\u6709\u7684\u662f\u50f9\u503c\u96a8\u6642\u9593\u6e1b\u640d\u7684\u8cc7\u7522(wasting assets)\uff0c\u70ba\u4e86\u56e0\u61c9\u9019\u7a2e\u72c0\u6cc1\uff0cBuffett\u8cfc\u5165\u6536\u76ca\u8f03\u9ad8\u7684\u50b5\u5238\u4e26\u589e\u6301\u80a1\u7968\uff0c\u53e6\u5916\u4e5f\u5c55\u958b\u4f75\u8cfc\u884c\u52d5\u3001\u6295\u5165\u9435\u8def\u8207\u80fd\u6e90\u516c\u7528\u4e8b\u696d\uff0c\u622a\u81f32013\u5e7412\u6708 31\u65e5\u70ba\u6b62\uff0cBerkshire\u4ecd\u5750\u64c1482\u5104\u7f8e\u5143\u7684\u73fe\u91d1\uff0c\u9ad8\u65bc\u4e00\u5e74\u524d\u7684470\u5104\u7f8e\u5143\u4ee5\u53ca2009\u5e74\u5e95\u7684306\u5104\u7f8e\u5143\u3002Buffett\u66fe2013\u5e74\u63a5\u53d7\u5f6d \u535a\u96fb\u8996\u5c08\u8a2a\u6642\u8868\u793a\uff0c\u73fe\u91d1\u90e8\u4f4d\u82e5\u8d85\u904e200\u5104\u7f8e\u5143\u5c31\u662f\u592a\u9ad8\u4e86\u3002<\/span><\/p>\n

\u53e6\u5916\uff0cBerkshire\u4e5f\u50be\u5411\u6295\u8cc7\u5230\u671f\u65e5\u8f03\u77ed\u3001\u9748\u6d3b\u5ea6\u8f03\u9ad8\u7684\u50b5\u5238\uff0c\u622a\u81f32013\u5e7412\u670831\u65e5\u70ba\u6b62\uff0c\u8a72\u57fa\u91d1\u65d7\u4e0b\u64c1\u670985\u5104\u7f8e\u5143\u5230\u671f\u65e5\u77ed\u65bc\u4e00\u5e74\u7684\u50b5\u5238\uff0c\u9ad8 \u65bc2012\u5e74\u5e95\u768460\u5104\u7f8e\u5143\uff0c\u7576\u524d\u6295\u8cc7\u6a19\u7684\u7684\u6b96\u5229\u7387\u53ef\u80fd\u6703\u986f\u8457\u504f\u4f4e\uff0c\u8a72\u516c\u53f8\u6301\u7e8c\u63e1\u6709\u5927\u7b46\u7684\u73fe\u91d1\u8207\u7d04\u7576\u73fe\u91d1\uff0c\u50c5\u80fd\u8cfa\u53d6\u975e\u5e38\u4f4e\u7684\u5229\u606f\u3002<\/span><\/p>\n

\u96a8\u8457\u7f8e\u570b\u7d93\u6fdf\u7de9\u6b65\u589e\u6eab\u3001\u5931\u696d\u7387\u958b\u59cb\u4e0b\u6ed1\uff0c\u806f\u6e96\u6703(FED)\u5b98\u54e1\u9810\u4f30\uff0c\u806f\u90a6\u57fa\u91d1\u5229\u7387\u53ef\u80fd2015\u5e74\u5e74\u4e2d\u5c31\u5f97\u8abf\u5347\uff0c\u6642\u9593\u65e9\u665a\u8981\u770b\u7d93\u6fdf\u72c0\u6cc1\u800c\u5b9a\uff0c\u53e6\u5916\uff0c\u6b50\u6d32\u592e\u884c (ECB)\u7e3d\u88c1(Mario Draghi)\u4e5f\u9810\u4f30\uff0c\u6b50\u5143\u5340\u901a\u81a8\u7387\u6709\u671b\u5728\u672a\u4f86\u5169\u5e74\u534a\u5167\u958b\u59cb\u6500\u5347\uff0c\u6697\u793a\u7576\u5730\u901a\u7e2e\u98a8\u96aa\u53ef\u671b\u4e0b\u6ed1\uff0c\u901a\u81a8\u7387\u61c9\u8a72\u6703\u57282016\u5e74\u7b2c4\u5b63\u5f9e2014\u5e742\u6708\u76840.8% \u64f4\u589e\u81f31.7%\uff0c\u4f30\u8a082015\u5e74\u30012016\u5e74\u6b50\u5143\u5340\u7684\u901a\u81a8\u7387\u5c07\u5206\u5225\u9054\u52301.3%\u30011.5%\u3002<\/span><\/p>\n

\u6295\u8cc7\u4eba\u5c0d\u50b5\u5238\u7684\u80c3\u53e3\u4ecd\u5728\u9010\u6f38\u840e\u7e2e\u7576\u4e2d\uff0c\u5168\u7403\u666f\u6c23\u56de\u5347\uff0c\u8cc7\u91d1\u4e5f\u4e0d\u65b7\u5f9e\u50b5\u5238\u5e02\u5834\u6d41\u5f80\u80a1\u5e02\uff0c2014\u5e74\u7684\u6295\u8cc7\u8da8\u52e2\u4e0a\uff0c\u80a1\u512a\u65bc\u50b5\u4f3c\u4e4e\u5df2\u7d93\u6210\u70ba\u5171\u8b58\uff0c\u7531\u65bc\u5e02\u5834\u6c92\u6709\u6c38 \u9060\u7684\u8d0f\u5bb6\uff0c\u6c92\u6709\u54ea\u500b\u8cc7\u7522\u985e\u5225\u53ef\u4ee5\u6c38\u9060\u9818\u5148\u3002\u4ee52008\u5e74\u70ba\u4f8b\uff0c\u7576\u5e74\u8868\u73fe\u6700\u597d\u7684\u662f\u7f8e\u570b\u516c\u50b5\uff0c\u4f46\u5230\u4e862009\u5e74\uff0c\u7f8e\u570b\u516c\u50b5\u8868\u73fe\u537b\u588a\u5e95\uff1b\u53cd\u89c0\u9ad8\u6536\u76ca\u50b5\uff0c2008 \u5e74\u8868\u73fe\u540a\u8eca\u5c3e\uff0c\u4f46\u5230\u4e862009\u5e74\uff0c\u8868\u73fe\u9818\u5148\uff0c\u53ef\u898b\u55ae\u62bc\u6216\u9078\u932f\u985e\u5225\uff0c\u5dee\u5225\u5927\uff0c\u8981\u6e21\u904e\u4e0d\u540c\u666f\u6c23\u5faa\u74b0\uff0c\u95dc\u9375\u5247\u5728\u65bc\u591a\u5143\u914d\u7f6e\u3002<\/span><\/p>\n

http:\/\/tw.finance.yahoo.com\/news_content\/url\/d\/a\/140307\/48\/4as9k.html<\/a><\/span>
http:\/\/tw.finance.yahoo.com\/news_content\/url\/d\/a\/140307\/2\/4atdt.html<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Joe\uff1a\u300c\u50b5\u5238\u5e02\u5834\u7684\u591a\u982d\u4f86\u5230\u4e86\u5c3e\u8072\uff0c\u4f8b\u5982\u9ad8\u6536\u76ca\u50b5\u50f9 […]<\/a><\/p>\n<\/div>","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-3938","post","type-post","status-publish","format-standard","hentry","category-news-opinion"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4VJae-11w","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/3938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/comments?post=3938"}],"version-history":[{"count":1,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/3938\/revisions"}],"predecessor-version":[{"id":4245,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/3938\/revisions\/4245"}],"wp:attachment":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/media?parent=3938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/categories?post=3938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/tags?post=3938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}