{"id":30983,"date":"2022-01-16T13:57:12","date_gmt":"2022-01-16T05:57:12","guid":{"rendered":"https:\/\/\/?p=30983"},"modified":"2023-09-19T11:36:20","modified_gmt":"2023-09-19T03:36:20","slug":"buffett-invest-loss-exp","status":"publish","type":"post","link":"https:\/\/\/buffett-invest-loss-exp\/","title":{"rendered":"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u7968\u6e05\u55ae\u300b\u5f9e9\u7b46\u5931\u6557\u6295\u8cc7\u4e2d\u5b78\u7fd2\u7d93\u9a57"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div><p><img decoding=\"async\" class=\"alignnone size-full wp-image-30984\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220110225537_99.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u7968\u6e05\u55ae - 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title=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79683\uff1a\u8cfd\u8afe\u83f2Sanofi(\u80a1\u7968\u4ee3\u865f\uff1aSNY)\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79683\uff1a\u8cfd\u8afe\u83f2Sanofi(\u80a1\u7968\u4ee3\u865f\uff1aSNY)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=/index.html"https:\/\/\/buffett-invest-loss-exp\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A84%EF%BC%9A%E5%BA%B7%E8%8F%B2%E7%9F%B3%E6%B2%B9%E5%85%AC%E5%8F%B8Conoco_Phillips%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9ACOP\" title=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79684\uff1a\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8Conoco Phillips(\u80a1\u7968\u4ee3\u865f\uff1aCOP)\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener 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href=/index.html"https:\/\/\/buffett-invest-loss-exp\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A87%EF%BC%9A%E7%B2%BE%E5%AF%86%E6%A9%9F%E4%BB%B6Precision_Castparts_%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9APCPUS%EF%BC%8C%E7%8F%BE%E5%B7%B2%E4%B8%8B%E5%B8%82\" title=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79687\uff1a\u7cbe\u5bc6\u6a5f\u4ef6Precision Castparts (\u80a1\u7968\u4ee3\u865f\uff1aPCP.US\uff0c\u73fe\u5df2\u4e0b\u5e02)\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79687\uff1a\u7cbe\u5bc6\u6a5f\u4ef6Precision Castparts (\u80a1\u7968\u4ee3\u865f\uff1aPCP.US\uff0c\u73fe\u5df2\u4e0b\u5e02)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=/index.html"https:\/\/\/buffett-invest-loss-exp\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A88%EF%BC%9A%E6%A2%AF%E7%93%A6%E8%A3%BD%E8%97%A5Teva_Pharmaceutical_Industries%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9ATEVA\" title=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79688\uff1a\u68af\u74e6\u88fd\u85e5Teva\u00a0Pharmaceutical Industries(\u80a1\u7968\u4ee3\u865f\uff1aTEVA)\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79688\uff1a\u68af\u74e6\u88fd\u85e5Teva\u00a0Pharmaceutical Industries(\u80a1\u7968\u4ee3\u865f\uff1aTEVA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=/index.html"https:\/\/\/buffett-invest-loss-exp\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A89%EF%BC%9APNC%E9%87%91%E8%9E%8D%E6%9C%8D%E5%8B%99%E9%9B%86%E5%9C%98The_PNC_Financial_Service_Group_Inc%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9APNC\" title=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79689\uff1aPNC\u91d1\u878d\u670d\u52d9\u96c6\u5718The PNC Financial Service Group, Inc.(\u80a1\u7968\u4ee3\u865f\uff1aPNC)\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79689\uff1aPNC\u91d1\u878d\u670d\u52d9\u96c6\u5718The PNC Financial Service Group, Inc.(\u80a1\u7968\u4ee3\u865f\uff1aPNC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=/index.html"https:\/\/\/buffett-invest-loss-exp\/#%E5%BF%AB%E9%80%9F%E9%87%8D%E9%BB%9E%E6%95%B4%E7%90%86%EF%BC%9A%E5%BE%9E%E5%B7%B4%E8%8F%B2%E7%89%B9%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A8%E6%B8%85%E5%96%AE%E8%83%BD%E5%AD%B8%E5%88%B0%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a\u5f9e\u5df4\u83f2\u7279\u8ce0\u9322\u8667\u640d\u80a1\u7968\u6e05\u55ae\u80fd\u5b78\u5230\u4ec0\u9ebc\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a\u5f9e\u5df4\u83f2\u7279\u8ce0\u9322\u8667\u640d\u80a1\u7968\u6e05\u55ae\u80fd\u5b78\u5230\u4ec0\u9ebc\uff1f<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A8%E6%B8%85%E5%96%AE%E6%8C%89%E6%8C%81%E6%9C%89%E6%9C%9F%E9%96%93%E6%8E%92%E5%BA%8F\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u7968\u6e05\u55ae(\u6309\u6301\u6709\u671f\u9593\u6392\u5e8f)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"166\" \/>\n<col width=\"152\" \/>\n<col width=\"149\" \/>\n<col width=\"129\" \/>\n<col width=\"189\" \/><\/colgroup>\n<tbody>\n<tr>\n<td colspan=\"5\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u7968\u6e05\u55ae(\u6309\u6301\u6709\u671f\u9593\u6392\u5e8f)&quot;}\">\n<h3 style=\"text-align: center;\"><strong>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u7968\u6e05\u55ae(\u6309\u6301\u6709\u671f\u9593\u6392\u5e8f)<\/strong><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u516c\u53f8\u540d\u7a31&quot;}\"><strong>\u516c\u53f8\u540d\u7a31<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u80a1\u7968\\n \u4ee3\u865f&quot;}\"><strong>\u80a1\u7968<\/strong><br \/>\n<strong>\u4ee3\u865f<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u6301\u6709\u671f\u9593&quot;}\"><strong>\u6301\u6709\u671f\u9593<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u6295\u8cc7\u91d1\u984d&quot;}\"><strong>\u6295\u8cc7\u91d1\u984d<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8667\u640d\u5e45\u5ea6&quot;}\"><strong>\u8667\u640d\u5e45\u5ea6<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u6ce2\u514b\u590f\u2027\u6d77\u745f\u5a01Berkshire Hathaway Inc.(\u65e9\u671f\u7d21\u7e54\u5ee0)&quot;}\">\u6ce2\u514b\u590f\u2027\u6d77\u745f\u5a01Berkshire Hathaway Inc.(\u65e9\u671f\u7d21\u7e54\u5ee0)<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;BRK-A&quot;}\">BRK-A<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;1962-1985&quot;}\">1962-1985<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2,200\u842c\u7f8e\u5143&quot;}\">2,200\u842c\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;-100%\\n (\u7d21\u7e54\u5ee0\u95dc\u9589)&quot;}\">-100%<br \/>\n(\u7d21\u7e54\u5ee0\u95dc\u9589)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7279\u6613\u8cfcTesco PLC&quot;}\">\u7279\u6613\u8cfcTesco PLC<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;TSCO.L&quot;}\">TSCO.L<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2006-2013&quot;}\">2006-2013<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8d85\u904e20\u5104\u7f8e\u5143&quot;}\">\u8d85\u904e20\u5104\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;-22.2%\\n (4.44\u5104\u7f8e\u5143)&quot;}\">-22.2%<br \/>\n(4.44\u5104\u7f8e\u5143)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8cfd\u8afe\u83f2Sanofi&quot;}\">\u8cfd\u8afe\u83f2Sanofi<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;SNY&quot;}\">SNY<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2006-2018Q3&quot;}\">2006-2018Q3<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8d85\u904e17\u5104\u7f8e\u5143&quot;}\">\u8d85\u904e17\u5104\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u672a\u77e5&quot;}\">\u672a\u77e5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8Conoco Phillips&quot;}\">\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8Conoco Phillips<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;COP&quot;}\">COP<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2008Q2-2014Q4&quot;}\">2008Q2-2014Q4<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7d0470\u5104\u7f8e\u5143&quot;}\">\u7d0470\u5104\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;-28.6%\\n (20\u5104\u7f8e\u5143)&quot;}\">-28.6%<br \/>\n(20\u5104\u7f8e\u5143)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u570b\u969b\u5546\u696d\u6a5f\u5668\u516cInternational Business Machines Corp.&quot;}\">\u570b\u969b\u5546\u696d\u6a5f\u5668\u516c\u53f8International Business Machines Corp.<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;IBM&quot;}\">IBM<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2011-2018Q1&quot;}\">2011-2018Q1<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8d85\u904e107\u5104\u7f8e\u5143&quot;}\">\u8d85\u904e107\u5104\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;-10%\u4ee5\u4e0a\\n (10\u5e7e\u5104\u7f8e\u5143)&quot;}\">-10%\u4ee5\u4e0a<br \/>\n(10\u5e7e\u5104\u7f8e\u5143)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u5361\u592b\u4ea8\u6c0fThe Kraft Heinz Company&quot;}\">\u5361\u592b\u4ea8\u6c0fThe Kraft Heinz Company<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;KHC&quot;}\">KHC<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2015Q3\u81f3\u4eca&quot;}\">2015Q3\u81f3\u4eca<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7d0498\u5104\u7f8e\u5143&quot;}\">\u7d0498\u5104\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;-52%\\n (\u672a\u5be6\u73fe\u640d\u76ca)&quot;}\">-52%<br \/>\n(\u672a\u5be6\u73fe\u640d\u76ca)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7cbe\u5bc6\u6a5f\u4ef6Precision Castparts&quot;}\">\u7cbe\u5bc6\u6a5f\u4ef6Precision Castparts<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u5df2\u4e0b\u5e02&quot;}\">\u5df2\u4e0b\u5e02<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2016-\u81f3\u4eca&quot;}\">2016-\u81f3\u4eca<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7d04321\u5104\u7f8e\u5143&quot;}\">\u7d04321\u5104\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;-31%\\n (2020\u5e74\u8cc7\u7522\u5e33\u9762\u50f9\u503c\u964d\u4f4e100\u5104\u7f8e\u5143)&quot;}\">-31%<br \/>\n(2020\u5e74\u8cc7\u7522\u5e33\u9762\u50f9\u503c\u964d\u4f4e100\u5104\u7f8e\u5143)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u68af\u74e6\u88fd\u85e5Teva\\n Pharmaceutical Industries&quot;}\">\u68af\u74e6\u88fd\u85e5Teva<br \/>\nPharmaceutical Industries<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;TEVA&quot;}\">TEVA<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2017Q4\u81f3\u4eca&quot;}\">2017Q4\u81f3\u4eca<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8d85\u904e6\u5104\u7f8e\u5143&quot;}\">\u8d85\u904e6\u5104\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;-50%\\n (\u672a\u5be6\u73fe\u640d\u76ca)&quot;}\">-50%<br \/>\n(\u672a\u5be6\u73fe\u640d\u76ca)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;PNC\u91d1\u878d\u670d\u52d9\u96c6\u5718The PNC Financial Service Group, Inc.&quot;}\">PNC\u91d1\u878d\u670d\u52d9\u96c6\u5718The PNC Financial Service Group, Inc.<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;PNC&quot;}\">PNC<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2018Q3-2020Q4&quot;}\">2018Q3-2020Q4<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8d85\u904e10\u5104\u7f8e\u5143&quot;}\">\u8d85\u904e10\u5104\u7f8e\u5143<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u672a\u77e5&quot;}\">\u672a\u77e5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;\" colspan=\"5\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8cc7\u6599\u6574\u7406\uff1aMr.Market \u5e02\u5834\u5148\u751f&quot;}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:5,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\" data-sheets-hyperlinkruns=\"{&quot;1&quot;:5,&quot;2&quot;:&quot;https:\/\/\/&quot;}\uee10{&quot;1&quot;:19}\"><span style=\"font-size: 14px;\">\u8cc7\u6599\u6574\u7406\uff1a<a class=\"in-cell-link\" href=/index.html"https:\/\/\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">Mr.Market \u5e02\u5834\u5148\u751f<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u4e0a\u8ff0\u5df4\u83f2\u7279\u7684\u5931\u6557\u7d93\u9a57\uff0c\u6a6b\u8de8\u4e86\u7d21\u7e54\u3001\u6d88\u8cbb\u54c1\u3001\u77f3\u6cb9\u3001\u88fd\u85e5\u3001\u5de5\u696d\u3001\u98df\u54c1\u3001\u91d1\u878d\u7b49\u7b49\u7522\u696d\u9818\u57df\uff0c<br \/>\n\u4ee5\u4e0b\u5206\u5225\u8ac7\u8ac7\u9019\u5e7e\u5bb6\u516c\u53f8\u3002<\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A81%EF%BC%9A%E6%B3%A2%E5%85%8B%E5%A4%8F%E2%80%A7%E6%B5%B7%E7%91%9F%E5%A8%81Berkshire_Hathaway_Inc_%E6%97%A9%E6%9C%9F%E7%9A%84%E7%B4%A1%E7%B9%94%E5%BB%A0_%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9ABRK-A\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79681\uff1a\u6ce2\u514b\u590f\u2027\u6d77\u745f\u5a01Berkshire Hathaway Inc.<br \/>\n\u65e9\u671f\u7684\u7d21\u7e54\u5ee0 (\u80a1\u7968\u4ee3\u865f\uff1aBRK-A)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>1839<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u7f8e\u570b<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u7d21\u7e54\u5ee0<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong> 2,200\u842c\u7f8e\u5143<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>\u5168\u90e8(\u7d21\u7e54\u5ee0\u95dc\u9589)<\/span><\/li>\n<\/ul>\n<p>\u6211\u5011\u73fe\u5728\u6240\u719f\u77e5\u7684\u6ce2\u514b\u590f\u2027\u6d77\u745f\u5a01\u516c\u53f8\u65e9\u671f\u662f\u4e00\u5bb6\u7d21\u7e54\u516c\u53f8\uff0c\u57281962\u5e74\u6642\uff0c\u5df4\u83f2\u7279\u9996\u6b21\u8cfc\u8cb7\u4e86\u8a72\u516c\u53f8\u7684\u80a1\u4efd\u3002<br \/>\n\u57281965\u5e74\u6642\uff0c\u4ed6\u63a5\u7ba1\u4e86\u6574\u500b\u516c\u53f8\uff0c\u7576\u6642\u516c\u53f8\u4f30\u503c\u7d042,200\u842c\u7f8e\u5143\u3002<br \/>\n\u7136\u800c\uff0c\u96a8\u8457\u7d21\u7e54\u696d\u9010\u6f38\u8d70\u4e0b\u5761\uff0c\u5df4\u83f2\u7279\u57281985\u5e74\u6642\u95dc\u9589\u4e86\u5176\u539f\u672c\u6838\u5fc3\u7684\u7d21\u7e54\u696d\u52d9\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u6295\u8cc7\u8d70\u4e0b\u5761\u7684\u7522\u696d\u3002<\/span><\/li>\n<\/ul>\n<p>\u57282010\u5e74\u5df4\u83f2\u7279\u63a5\u53d7\u8a2a\u554f\u6642\uff0c\u4ed6\u8868\u793a\u6536\u8cfc\u6ce2\u514b\u590f\u2027\u6d77\u745f\u5a01\u516c\u53f8\u662f\u4ed6\u6709\u53f2\u4ee5\u4f86\u6700\u5927\u7684\u6295\u8cc7\u932f\u8aa4\u3002<\/p>\n<p>\u56e0\u70ba\u7d21\u7e54\u696d\u5728\u7576\u6642\u5df2\u7d93\u662f\u500b\u8d70\u4e0b\u5761\u7684\u7522\u696d\uff0c\u4ed6\u8868\u793a\u5982\u679c\u7576\u6642\u5c07\u9019\u7b46\u9322\u6295\u5165\u4fdd\u96aa\u696d\u52d9\uff0c\u800c\u4e0d\u662f\u8cb7\u9019\u5bb6\u516c\u53f8\uff0c\u9019\u7b46\u6295\u8cc7\u5c07\u7372\u5f97\u6578\u767e\u500d\u7684\u56de\u5831\u3002<\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A82%EF%BC%9A%E7%89%B9%E6%98%93%E8%B3%BCTesco_PLC%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9ATSCOL\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79682\uff1a\u7279\u6613\u8cfcTesco PLC(\u80a1\u7968\u4ee3\u865f\uff1aTSCO.L)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>1919<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u82f1\u570b<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u5927\u578b\u9023\u9396\u8d85\u7d1a\u5e02\u5834\uff0c\u76ee\u524d\u662f\u82f1\u570b\u6700\u5927\u7684\u96f6\u552e\u5546<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong>\u8d85\u904e20\u5104\u7f8e\u5143\uff0c\u6700\u9ad8\u6642\u6301\u6709Tesco 5%\u80a1\u6b0a<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>4.44\u5104\u7f8e\u5143<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u9996\u6b21\u65bc2006\u5e74\u958b\u59cb\u6295\u8cc7Tesco\uff0c\u4e4b\u5f8c\u9678\u7e8c\u589e\u6301\u80a1\u4efd\u3002<br \/>\n\u52302012\u5e74\u6642\uff0c\u5118\u7ba1Tesco\u51fa\u73fe\u7372\u5229\u9810\u8b66\uff0c\u4ed6\u4ecd\u6301\u7e8c\u8cb7\u9032\uff0c\u6700\u9ad8\u6642\u6301\u6709Tesco\u8d85\u904e5%\u7684\u80a1\u6b0a\u3002<\/p>\n<p>\u7136\u800c\uff0c\u5230\u4e862013\u5e74\uff0cTesco\u7206\u51fa\u6703\u8a08\u554f\u984c\uff0c\u80a1\u50f9\u958b\u59cb\u8fc5\u901f\u4e0b\u6ed1\uff0c\u4f46\u5df4\u83f2\u7279\u5728\u7576\u6642\u50c5\u51fa\u812b\u4e86\u7d041\/4\u7684\u6301\u80a1\u3002<br \/>\n\u80a1\u795e\u57282015\u5e74\u81f4\u80a1\u6771\u7684\u4fe1\u4e2d\u63d0\u53ca\uff0c\u4ed6\u592a\u665a\u51fa\u552eTesco\uff0c\u5c0e\u81f4\u7d66\u6ce2\u514b\u590f\u9020\u62104.44\u5104\u7f8e\u5143\u7684\u640d\u5931\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u516c\u53f8\u8655\u65bc\u7af6\u722d\u6fc0\u70c8\u7522\u696d\u3001\u884c\u92b7\u7b56\u7565\u932f\u8aa4\u5c0e\u81f4\u5c0d\u516c\u53f8\u5f71\u97ff\u5de8\u5927\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u8a8d\u70ba\u51fa\u932f\u5f8c\u50c5\u51fa\u6e05\u90e8\u5206\u6301\u80a1\uff0c\u592a\u665a\u51fa\u6e05\u5168\u90e8\u6301\u80a1\u3002<\/span><\/li>\n<\/ul>\n<p>\u7531\u65bc\u7af6\u722d\u6fc0\u70c8\u53caTesco\u7684\u884c\u92b7\u7b56\u7565\u932f\u8aa4\uff0c\u4f7f\u5f97\u5b83\u7684\u71df\u6536\u5927\u5e45\u7e2e\u6c34\uff0c\u7d93\u71df\u5718\u968a\u63db\u4e86\u4e00\u8f2a\u3002<\/p>\n<p>2013\u5e74\u7206\u51fa\u56e0\u6703\u8a08\u932f\u8aa4\uff0c\u9ad8\u4f30\u4e0a\u534a\u5e74\u7372\u5229\u9810\u6e2c\u90542.5\u5104\u82f1\u938a\uff0c\u4f7f\u5f97\u80a1\u50f9\u5927\u8dcc\u3002<\/p>\n<p>\u919c\u805e\u51fa\u73fe\u5f8c\uff0c\u5df4\u83f2\u7279\u4e26\u6c92\u6709\u99ac\u4e0a\u51fa\u6e05\u5168\u90e8\u6301\u80a1\uff0c\u800c\u53ea\u662f\u51fa\u552e\u90e8\u5206\u80a1\u6b0a\u3002<\/p>\n<p>\u4ed6\u5728\u5f8c\u4f86\u63a5\u53d7\u63a1\u8a2a\u6642\u4e5f\u8868\u793a\uff0c\u6295\u8cc7Tesco\u662f\u4e00\u500b\u5f88\u5927\u7684\u932f\u8aa4\uff0c\u4e14\u592a\u665a\u51fa\u552eTesco\u5c0e\u81f4\u4e864.44\u5104\u7f8e\u5143\u7684\u640d\u5931\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-30985\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220110230222_78.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79682\uff1a\u7279\u6613\u8cfcTesco PLC(\u80a1\u7968\u4ee3\u865f\uff1aTSCO.L)\" width=\"852\" height=\"585\" \/><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A83%EF%BC%9A%E8%B3%BD%E8%AB%BE%E8%8F%B2Sanofi%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9ASNY\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79683\uff1a\u8cfd\u8afe\u83f2Sanofi(\u80a1\u7968\u4ee3\u865f\uff1aSNY)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>2004<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u6cd5\u570b<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u4e16\u754c\u7b2c\u4e94\u5927\u85e5\u5ee0<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong> \u8d85\u904e17\u5104\u7f8e\u5143<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>\u672a\u77e5<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u65bc2006\u5e74\u958b\u59cb\u8cb7\u5165\u8cfd\u8afe\u83f2\u7684\u80a1\u7968\uff0c\u7576\u6642\u4ee5\u6bcf\u80a1\u7d0445\u7f8e\u5143\u8cb7\u9032\u4e86\u8d85\u904e48\u842c\u80a1\uff0c\u4e26\u65bc2006\u81f32010\u5e74\u9593\u80a1\u50f9\u4e0b\u8dcc\u6642\u6301\u7e8c\u589e\u6301\u3002<br \/>\n\u7136\u800c\u8cfd\u8afe\u83f2\u7684\u8868\u73fe\u4e26\u4e0d\u5982\u9810\u671f\uff0c\u56e0\u6b64\u5f9e2018\u5e74Q1\uff0c\u5df4\u83f2\u7279\u958b\u59cb\u6e1b\u6301\u8cfd\u8afe\u83f2\u80a1\u7968\uff0c\u4e26\u65bc2018\u5e74Q3\u5168\u90e8\u62cb\u552e\uff0c\u62cb\u552e\u6642\u80a1\u50f9\u7d04\u572840-43\u7f8e\u5143\u4e4b\u9593\u3002<br \/>\n\u96d6\u7136\u80a1\u795e\u640d\u5931\u91d1\u984d\u4e0d\u662f\u5f88\u5927\uff0c\u4f46\u662f\u6301\u6709\u76842010-2018\u90199\u5e74\u4e4b\u9593\uff0c\u7f8e\u80a1\u7d93\u6b77\u4e86\u591a\u5e74\u7684\u5927\u591a\u982d\uff0c9\u5e74\u7684\u5927\u76e4\u5831\u916c\u7387\u70ba268%\uff0c\u7b49\u65bc\u9019\u9805\u6295\u8cc7\u843d\u5f8c\u5927\u76e4\u8868\u73fe\u975e\u5e38\u591a\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<\/p>\n<p>\u8cfd\u8afe\u83f2\u6700\u51fa\u540d\u7684\u85e5\u7269\u662fLantus\uff0c\u5b83\u662f\u53ef\u7528\u4f86\u63a7\u5236\u8840\u7cd6\u7684\u9577\u6548\u80f0\u5cf6\u7d20\uff0c\u5728\u5dd4\u5cf0\u6642\u671f\u6bcf\u5e74\u92b7\u552e\u984d\u7d0470\u5104\u7f8e\u5143\u3002<\/p>\n<p>\u7136\u800c\uff0c\u96a8\u8457Lantus\u5931\u53bb\u4e86\u5c08\u5229\u4fdd\u8b77\uff0c\u7af6\u722d\u5c0d\u624b\u958b\u59cb\u9032\u5165\u6436\u653b\u5e02\u5834\uff0c\u56e0\u6b64\u4e5f\u5f71\u97ff\u5230\u4e86\u8cfd\u8afe\u83f2\u7684\u7372\u5229\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-30986\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220110230354_45.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79683\uff1a\u8cfd\u8afe\u83f2Sanofi(\u80a1\u7968\u4ee3\u865f\uff1aSNY)\" width=\"854\" height=\"592\" \/><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A84%EF%BC%9A%E5%BA%B7%E8%8F%B2%E7%9F%B3%E6%B2%B9%E5%85%AC%E5%8F%B8Conoco_Phillips%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9ACOP\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79684\uff1a\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8Conoco Phillips(\u80a1\u7968\u4ee3\u865f\uff1aCOP)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>1875<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u7f8e\u570b<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u570b\u969b\u80fd\u6e90\u516c\u53f8\uff0c\u4e3b\u8981\u5f9e\u4e8b\u77f3\u6cb9\u548c\u5929\u7136\u6c23\u7b49\u7684\u63a2\u52d8\uff0c\u662f\u4e16\u754c\u4e0a\u7b2c\u4e94\u5927\u79c1\u71df\u80fd\u6e90\u4f01\u696d<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong>\u7d0470\u5104\u7f8e\u5143<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>\u7d0420\u5104\u7f8e\u5143<\/span><\/li>\n<\/ul>\n<p>\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8\u662f\u4e00\u5bb6\u7e3d\u90e8\u4f4d\u65bc\u5fb7\u514b\u85a9\u65af\u5dde\u7684\u7926\u696d\u516c\u53f8\uff0c\u57282008\u5e74\u521d\u6cb9\u50f9\u5275\u6b77\u53f2\u65b0\u9ad8\u6642\uff0c\u5df4\u83f2\u7279\u57282008 Q2\u53caQ3\u5927\u8209\u8cfc\u8cb7\u4e86\u8a72\u516c\u53f8\u7684\u80a1\u4efd\uff0c\u6295\u8cc7\u50f9\u503c\u9ad8\u905470\u5104\u7f8e\u5143\uff0c\u4f54\u7576\u6642\u7684\u6295\u8cc7\u7d44\u5408\u7d048.8%\u3002<br \/>\n\u7136\u800c\u96a8\u8457\u6cb9\u50f9\u7684\u4e0b\u8dcc\u53ca\u91d1\u878d\u6d77\u562f\u7684\u4f86\u8972\uff0c\u8a72\u516c\u53f8\u80a1\u50f9\u5728\u4e00\u5e74\u5167\u8fc5\u901f\u8dcc\u4e8650%\u4ee5\u4e0a\u3002<br \/>\n\u80a1\u795e\u5f88\u5feb\u5c31\u8a8d\u77e5\u5230\u81ea\u5df1\u7684\u932f\u8aa4\uff0c\u6bc5\u7136\u6c7a\u7136\u5f9e2008Q4\u5c31\u958b\u59cb\u62cb\u552e\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8\u7684\u80a1\u7968\uff0c\u4e00\u76f4\u52302014\u5e74\u9678\u7e8c\u5c07\u80a1\u7968\u6e05\u7a7a\u3002<br \/>\n\u5728\u9019\u5834\u4ea4\u6613\u4e2d\uff0c\u5df4\u83f2\u7279\u640d\u5931\u4e86\u8fd120\u5104\u7f8e\u5143\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u932f\u4f30\u6cb9\u50f9\u8da8\u52e2\uff0c\u5728\u6cb9\u50f9\u4e0a\u6f32\u6642\u4e00\u540c\u8ffd\u9ad8\u3002<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u5f8c\u4f86\u5766\u627f\uff0c\u4ed6\u5728\u8cfc\u8cb7\u80a1\u7968\u7576\u4e0b\uff0c\u88ab\u6cb9\u50f9\u98c6\u5347\u7684\u5feb\u611f\u6240\u5438\u5f15\u4e86\uff0c\u56e0\u6b64\u5e7e\u4e4e\u8cb7\u5728\u6700\u9ad8\u9ede\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-30987\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220110230542_21.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79684\uff1a\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8Conoco Phillips(\u80a1\u7968\u4ee3\u865f\uff1aCOP)\" width=\"851\" height=\"591\" \/><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A85%EF%BC%9A%E5%9C%8B%E9%9A%9B%E5%95%86%E6%A5%AD%E6%A9%9F%E5%99%A8%E5%85%AC%E5%8F%B8International_Business_Machines_Corp%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9AIBM\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79685\uff1a\u570b\u969b\u5546\u696d\u6a5f\u5668\u516c\u53f8International Business Machines Corp.(\u80a1\u7968\u4ee3\u865f\uff1aIBM)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>1911<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u7f8e\u570b<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u751f\u7522\u4e26\u92b7\u552e\u96fb\u8166\u786c\u9ad4\u53ca\u8edf\u9ad4\uff0c\u4e26\u4e14\u70ba\u7cfb\u7d71\u67b6\u69cb\u548c\u7db2\u8def\u4ee3\u7ba1\u63d0\u4f9b\u8aee\u8a62\u670d\u52d9<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong> \u8d85\u904e107\u5104\u7f8e\u5143<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>10\u5e7e\u5104\u7f8e\u5143<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u65bc2011\u5e74\u958b\u59cb\u8cb7\u9032IBM\uff0c\u9019\u4e5f\u662f\u4ed6\u7b2c\u4e00\u6b21\u6295\u8cc7\u79d1\u6280\u516c\u53f8\uff0c\u7576\u6642\u4ed6\u4ee5\u8d85\u904e100\u5104\u7f8e\u5143\u7684\u50f9\u683c\u8cb7\u5165\u7d046,400\u842c\u80a1\u7684\u80a1\u7968\uff0c\u5e73\u5747\u6210\u672c\u7d04\u5728171\u5143\uff0c\u4e4b\u5f8c\u5e7e\u5e74\u9678\u7e8c\u6301\u6709\u3002<br \/>\n\u7136\u800c\uff0cIBM\u5728\u63a5\u4e0b\u4f86\u9019\u5e7e\u5e74\u80a1\u50f9\u537b\u4e00\u76f4\u8868\u73fe\u5e73\u5e73\uff0c\u843d\u5f8c\u5927\u76e4\uff0c\u5df4\u83f2\u7279\u65bc2017\u5e74Q1\u958b\u59cb\u62cb\u552eIBM\u6301\u80a1\uff0c\u65bc2018\u5e74Q1\u51fa\u6e05\u5b8c\u7562\u3002<br \/>\nIBM\u7684\u80a1\u50f9\u81ea\u4ed6\u8cfc\u8cb7\u4ee5\u4f86\u5df2\u7d93\u4e0b\u8dcc\u4e8618%\u4ee5\u4e0a\uff0c\u4f46\u662f\u540c\u671fS&amp;P 500\u6307\u6578\u5247\u662f\u4e0a\u6f32\u4e86116%\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<\/p>\n<p>IBM\u7684\u5f37\u9805\u5728\u65bc\u50b3\u7d71IT\u89e3\u6c7a\u65b9\u6848\uff0c\u7136\u800c\u5f8c\u4f86\u96f2\u7aef\u6280\u8853\u7684\u5d1b\u8d77\u6253\u64ca\u4e86IBM\uff0c\u4ed6\u6700\u4e3b\u8981\u7684\u554f\u984c\u51fa\u5728\u9ad4\u5236\u50f5\u5316\uff0c\u4e26\u4e14\u5728\u7af6\u722d\u4f86\u81e8\u6642\u8a8d\u70ba\u516c\u53f8\u80fd\u5920\u5ea6\u904e\u96e3\u95dc\u800c\u6c92\u6709\u53ca\u6642\u6539\u8b8a\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-30988\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220110230720_80.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79685\uff1a\u570b\u969b\u5546\u696d\u6a5f\u5668\u516c\u53f8International Business Machines Corp.(\u80a1\u7968\u4ee3\u865f\uff1aIBM)\" width=\"851\" height=\"591\" \/><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A86%EF%BC%9A%E5%8D%A1%E5%A4%AB%E4%BA%A8%E6%B0%8FThe_Kraft_Heinz_Company%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9AKHC\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79686\uff1a\u5361\u592b\u4ea8\u6c0fThe Kraft Heinz Company(\u80a1\u7968\u4ee3\u865f\uff1aKHC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>2015<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u7f8e\u570b<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u4e3b\u71df\u5404\u9805\u98df\u54c1\u3001\u98f2\u6599\u3001\u8abf\u5473\u6599\u7b49\uff0c\u7531\u5361\u592b\u98df\u54c1\u53ca\u4ea8\u6c0f\u5408\u4f75\u800c\u6210\uff0c\u70ba\u5168\u7403\u7b2c\u4e94\u5927\u98df\u54c1\u98f2\u6599\u5ee0\u5546<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong>98\u5104\u7f8e\u5143<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>\u80a1\u50f9\u5f9e\u6295\u8cc7\u81f32021\u5e74\u5e95\u5df2\u8dcc52%(\u672a\u5be6\u73fe\u640d\u76ca)<\/span><\/li>\n<\/ul>\n<p>\u5361\u592b\u4ea8\u6c0f\u662f\u7531\u5361\u592b\u98df\u54c1\u53ca\u4ea8\u6c0f\u57282015\u5e74\u5408\u4f75\u800c\u6210\uff0c\u6b64\u9805\u5408\u4f75\u7531\u5df4\u83f2\u7279\u4fc3\u6210\uff0c\u4ed6\u4e26\u4ee598\u5104\u7f8e\u5143\u6536\u8cfc\u4e86\u9019\u5bb6\u516c\u53f826%\u7684\u80a1\u4efd\u3002<br \/>\n\u7136\u800c\uff0c\u5f9e\u80a1\u795e\u8cfc\u8cb7\u8a72\u80a1\u7968\u81f3\u4eca\uff0c\u80a1\u50f9\u5df2\u7d93\u7e2e\u6c34\u4e8652%\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u9ad8\u4f30\u5408\u7406\u50f9\u683c\u3002<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u5728\u63a5\u53d7CNBC\u63a1\u8a2a\u6642\u627f\u8a8d\uff0c\u4ed6\u4ee5\u904e\u9ad8\u7684\u50f9\u683c\u8cfc\u8cb7\u4e86\u5361\u592b\u4ea8\u6c0f\uff0c\u4e26\u4e14\u4e5f\u53d7\u5230\u540c\u696d\u7af6\u722d\u7684\u6253\u64ca\uff0c\u7136\u800c\u4ed6\u76ee\u524d\u4ecd\u6301\u7e8c\u6301\u6709\u9019\u5bb6\u516c\u53f826.6%\u7684\u80a1\u4efd\u3002<br \/>\n(\u53ef\u4ee5\u89e3\u8b80\u5df4\u83f2\u7279\u4e26\u4e0d\u89ba\u5f97\u516c\u53f8\u4e0d\u597d\uff0c\u53ea\u662f\u8cb7\u8cb4\u3002)<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-30989\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220110230848_1.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79686\uff1a\u5361\u592b\u4ea8\u6c0fThe Kraft Heinz Company(\u80a1\u7968\u4ee3\u865f\uff1aKHC)\" width=\"854\" height=\"594\" \/><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A87%EF%BC%9A%E7%B2%BE%E5%AF%86%E6%A9%9F%E4%BB%B6Precision_Castparts_%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9APCPUS%EF%BC%8C%E7%8F%BE%E5%B7%B2%E4%B8%8B%E5%B8%82\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79687\uff1a\u7cbe\u5bc6\u6a5f\u4ef6Precision Castparts (\u80a1\u7968\u4ee3\u865f\uff1a<em>PCP<\/em>.US\uff0c\u73fe\u5df2\u4e0b\u5e02)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>1953<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u7f8e\u570b<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u751f\u7522\u7528\u65bc\u822a\u7a7a\u822a\u5929\uff0c\u5de5\u696d\u71c3\u6c23\u8f2a\u6a5f\u548c\u570b\u9632\u5de5\u696d\u7684\u7194\u6a21\u9444\u9020\uff0c\u935b\u9020\u90e8\u4ef6\u548c\u7ffc\u578b\u9444\u9020\u4ef6<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong> 321\u5104\u7f8e\u5143<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>2020\u5e74\u5c07PCC\u8cc7\u7522\u5e33\u9762\u50f9\u503c\u964d\u4f4e(write-down)100\u5104\u7f8e\u5143<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u57282016\u5e74\u6642\u4ee5321\u5104\u7f8e\u5143\u7684\u5929\u50f9\u6536\u8cfcPCC\uff0cPCC\u5f9e\u6b64\u4e0b\u5e02\u3002<br \/>\n\u7136\u800c\u57282021\u5e74\u81f4\u80a1\u6771\u7684\u516c\u958b\u4fe1\u4e2d\uff0c\u5df4\u83f2\u7279\u627f\u8a8d\u81ea\u5df1\u72af\u4e0b\u6295\u8cc7\u5927\u932f\uff0c\u9020\u6210\u4e86\u5c07\u8fd1100\u5104\u7f8e\u5143\u7684\u8667\u640d\uff0c\u4ed6\u76ee\u524d\u4ecd\u6301\u6709\u9019\u5bb6\u516c\u53f8\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u5c0d\u516c\u53f8\u672a\u4f86\u5229\u6f64\u9810\u4f30\u5224\u65b7\u932f\u8aa4\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u6536\u8cfc\u50f9\u683c\u904e\u9ad8\u3002<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u5728\u6536\u8cfc\u6642\u9ad8\u4f30\u4e86PCC\u7684\u5229\u6f64\u6b63\u5e38\u5316\u3002<br \/>\n\u57282020\u5e74\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u767c\u5f8c\uff0c\u822a\u7a7a\u696d\u5927\u53d7\u6253\u64ca\uff0c\u800cPCC\u4e3b\u8981\u7684\u5ba2\u6236\u4f86\u81ea\u822a\u7a7a\u696d\uff0c\u65bc\u662f\u53ea\u597d\u57282020\u7b2c\u4e8c\u5b63\u6642\u628aPCC\u8cc7\u7522\u5e33\u9762\u50f9\u503c\u5c07\u4f4e\u7d04100\u5104\u7f8e\u5143\u3002<\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A88%EF%BC%9A%E6%A2%AF%E7%93%A6%E8%A3%BD%E8%97%A5Teva_Pharmaceutical_Industries%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9ATEVA\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79688\uff1a\u68af\u74e6\u88fd\u85e5Teva\u00a0Pharmaceutical Industries(\u80a1\u7968\u4ee3\u865f\uff1aTEVA)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>1935<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u8036\u8def\u6492\u51b7<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u4e16\u754c\u4e0a\u6700\u5927\u7684\u4eff\u88fd\u85e5\u5ee0<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong> \u8d85\u904e6\u5104\u7f8e\u5143<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>\u6301\u67094\u5e74\u80a1\u50f9\u8dcc\u8d85\u904e50%(\u672a\u5be6\u73fe\u640d\u76ca)<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u5f9e2017Q4\u958b\u59cb\u5927\u8209\u8cb7\u9032\u68af\u74e6\u88fd\u85e5\u7684\u80a1\u4efd\uff0c\u81f32018Q2\u5df2\u6301\u6709\u8d85\u904e4,300\u842c\u80a1\u3002<br \/>\n\u5728\u4ed6\u8cb7\u9032\u6642\uff0c\u80a1\u50f9\u5df2\u7d93\u5f9e\u9ad8\u9ede\u768470\u7f8e\u5143\u8dcc\u81f312~18\u7f8e\u5143\uff0c\u770b\u4f3c\u662f\u4e0d\u932f\u7684\u8cb7\u9ede\uff0c\u4f46\u5f8c\u4f86\u9047\u5230\u4e00\u9023\u4e32\u4e8b\u4ef6\uff0c\u80a1\u50f9\u4e00\u843d\u5343\u4e08\u3002<br \/>\n\u5df4\u83f2\u7279\u76ee\u524d\u4ecd\u6301\u6709\u5927\u591a\u6578\u7684\u80a1\u4efd\uff0c\u50c5\u57282020Q1\u6642\u8ce3\u638946\u842c\u80a1\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<br \/>\n2018\u5e74\u8d77\u68af\u74e6\u88fd\u85e5\u9762\u81e8\u4e86\u4e00\u9023\u4e32\u7684\u5229\u7a7a\u6d88\u606f\uff0c\u5305\u542b\u8cc4\u8cc2\u6848\u3001\u516c\u53f8\u66ab\u505c\u6d3e\u606f\u3001\u591a\u6b21\u4e0b\u8abf\u6bcf\u80a1\u71df\u5229\u9810\u6e2c\u7b49\uff0c\u5c0e\u81f4\u80a1\u50f9\u6301\u7e8c\u4e0b\u63a2\uff0c\u4e00\u8e76\u4e0d\u632f\uff0c\u5230\u4e862021\u5e74\u5e95\u80a1\u50f9\u50c5\u52698\u7f8e\u5143\u5de6\u53f3\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-30990\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220110231153_12.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79688\uff1a\u68af\u74e6\u88fd\u85e5Teva\u00a0Pharmaceutical Industries(\u80a1\u7968\u4ee3\u865f\uff1aTEVA)\" width=\"852\" height=\"592\" \/><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A89%EF%BC%9APNC%E9%87%91%E8%9E%8D%E6%9C%8D%E5%8B%99%E9%9B%86%E5%9C%98The_PNC_Financial_Service_Group_Inc%E8%82%A1%E7%A5%A8%E4%BB%A3%E8%99%9F%EF%BC%9APNC\"><\/span>\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79689\uff1aPNC\u91d1\u878d\u670d\u52d9\u96c6\u5718The PNC Financial Service Group, Inc.(\u80a1\u7968\u4ee3\u865f\uff1aPNC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u6210\u7acb\uff1a<\/strong>PNC\u6e90\u81ea\u65bc\u5b83\u524d\u8eab\u5169\u5bb6\u516c\u53f8Pittsburgh National Corporation\u548cProvident National Corporation\u7684\u7e2e\u5beb\uff0c\u5169\u5bb6\u516c\u53f8\u65bc1983\u5e74\u5408\u4f75<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3d\u90e8\uff1a<\/strong>\u7f8e\u570b<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u516c\u53f8\u696d\u52d9\uff1a<\/strong>\u7f8e\u570b\u7b2c8\u5927\u9280\u884c<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u5df4\u83f2\u7279\u6295\u8cc7\u91d1\u984d\uff1a<\/strong> \u8d85\u904e10\u5104\u7f8e\u5143<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8667\u640d\u91d1\u984d\uff1a<\/strong>\u672a\u77e5<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u65bc2018Q3\u958b\u59cb\u6295\u8cc7PNC\u91d1\u878d\u670d\u52d9\u96c6\u5718\uff0c\u57282018\u5e74\u8cb7\u5165\u7d04800\u842c\u80a1\uff0c\u7136\u5f8c\u57282019\u81f32020Q1\u53c8\u5c0f\u91cf\u8cb7\u9032\uff0c\u5171\u6301\u6709\u5c07\u8fd11,000\u842c\u80a1\uff0c\u8cb7\u9032\u7684\u80a1\u50f9\u7d04\u5728120~155\u7f8e\u5143\u4e4b\u9593\u3002<br \/>\n\u7136\u800c\u5f9e2020Q2\u958b\u59cb\uff0c\u4e5f\u662f\u65b0\u51a0\u80ba\u708e\u7206\u767c\u7684\u75ab\u60c5\u5f8c\uff0c\u5df4\u83f2\u7279\u958b\u59cb\u6e1b\u6301\u91d1\u878d\u80a1\uff0c\u5305\u542b\u51fa\u6e05\u6469\u6839\u5927\u901a\u3001\u9ad8\u76db\u3001\u5bcc\u570b\u9280\u884c\u3001M&amp;T\u9280\u884c\u53caPNC\u91d1\u878d\u670d\u52d9\u96c6\u5718\u7684\u80a1\u7968\u7b49\uff0c\u5176\u4e2dPNC\u96c6\u5718\u7684\u80a1\u7968\u57282020Q4\u5c31\u5df2\u5168\u90e8\u6e05\u7a7a\u3002<\/p>\n<p><strong>\u4e3b\u8981\u5931\u6557\u539f\u56e0<\/strong>\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u932f\u4f30\u75ab\u60c5\u5c0d\u91d1\u878d\u80a1\u5f71\u97ff\u3002<\/span><\/li>\n<\/ul>\n<p>\u5df4\u83f2\u7279\u57282020\u75ab\u60c5\u5f8c\u958b\u59cb\u6e1b\u6301\u91d1\u878d\u80a1\uff0c\u7136\u800c\u6b64\u6b21\u7684\u51fa\u6e05\u537b\u8b93\u80a1\u795e\u780d\u5728\u6700\u4f4e\u9ede\uff0c\u96a8\u5f8c\u91d1\u878d\u80a1\u5927\u53cd\u5f48\uff0c\u64da\u5831\u5c0e\uff0c\u80a1\u795e\u5728\u9019\u4e00\u6ce2\u91d1\u878d\u80a1\u53cd\u5f48\u4e2d\u640d\u5931\u7d04100\u5104\u7f8e\u5143\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-30991\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220110231327_33.jpg\" alt=\"\u5df4\u83f2\u7279\u7684\u8ce0\u9322\u8667\u640d\u80a1\u79689\uff1aPNC\u91d1\u878d\u670d\u52d9\u96c6\u5718The PNC Financial Service Group, Inc.(\u80a1\u7968\u4ee3\u865f\uff1aPNC)\" width=\"852\" height=\"592\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E5%BF%AB%E9%80%9F%E9%87%8D%E9%BB%9E%E6%95%B4%E7%90%86%EF%BC%9A%E5%BE%9E%E5%B7%B4%E8%8F%B2%E7%89%B9%E8%B3%A0%E9%8C%A2%E8%99%A7%E6%90%8D%E8%82%A1%E7%A5%A8%E6%B8%85%E5%96%AE%E8%83%BD%E5%AD%B8%E5%88%B0%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span><strong>\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a\u5f9e\u5df4\u83f2\u7279\u8ce0\u9322\u8667\u640d\u80a1\u7968\u6e05\u55ae\u80fd\u5b78\u5230\u4ec0\u9ebc\uff1f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><span style=\"font-size: 16px;\"><strong>\u4e0d\u8981\u53bb\u8cb7\u4e00\u500b\u8d70\u4e0b\u5761\u7684\u7522\u696d<\/strong>\uff1a<br \/>\n\u5df4\u83f2\u7279\u66fe\u8aaa\u8cfc\u8cb7\u6ce2\u514b\u590f(\u7d21\u7e54\u5ee0)\u662f\u4ed6\u6700\u5931\u6557\u7684\u6295\u8cc7\uff0c\u9019\u7d66\u6211\u5011\u7684\u555f\u793a\u662f\uff0c\u4e0d\u8981\u53bb\u8cb7\u4e00\u500b\u8d70\u4e0b\u5761\u7684\u7522\u696d\uff0c\u4e00\u500b\u8870\u9000\u7684\u7522\u696d\u5c31\u7b97\u80a1\u50f9\u518d\u4fbf\u5b9c\u4e5f\u6c92\u7528\u3002\u5df4\u83f2\u7279\u7576\u6642\u9577\u62b1\u6ce2\u514b\u590f\u7684\u7d50\u679c\u5c31\u662f\u5c0e\u81f4\u6700\u5f8c\u7d21\u7e54\u5ee0\u95dc\u9589\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u50f9\u503c\u6295\u8cc7\uff0c\u5728\u51fa\u554f\u984c\u6642\u8981\u679c\u65b7\u8a8d\u8ce0\uff1a<\/strong><br \/>\n\u5f9e\u5df4\u83f2\u7279\u8667\u640d\u7684\u6e05\u55ae\u4e2d\u53ef\u4ee5\u767c\u73fe\uff0c\u6709\u4e9b\u80a1\u7968\u662f\u4ed6\u767c\u73fe\u82d7\u982d\u4e0d\u5c0d\u52c1\uff0c\u5c31\u975e\u5e38\u679c\u65b7\u7684\u8a8d\u8ce0\u6e05\u7a7a\uff0c\u5982\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8\u53caPNC\u91d1\u878d\u96c6\u5718\uff0c\u90fd\u662f\u624d\u8cb7\u5165\u4e0d\u5230\u4e00\u5e74\u5c31\u5168\u6578\u8ce3\u51fa\u3002\u4f46\u662f\u4e5f\u6709\u4e00\u4e9b\u80a1\u7968\u5373\u4f7f\u5927\u8ce0\uff0c\u4ecd\u5e38\u9577\u62b1\u6301\u7e8c\u5230\u73fe\u5728\uff0c\u5982\u5361\u592b\u4ea8\u6c0f\u53ca\u68af\u74e6\u88fd\u85e5\uff0c\u5373\u4f7f\u591a\u5e74\u4e0b\u4f86\u8ce0\u4e86\u8d85\u904e50%\uff0c\u76ee\u524d\u4ecd\u64c1\u6709\u5927\u91cf\u6301\u80a1\u3002\u9019\u5176\u5be6\u4e5f\u662f\u50f9\u503c\u6295\u8cc7\u4eba\u61c9\u8a72\u601d\u8003\u7684\u8b70\u984c\uff0c\u7576\u767c\u73fe\u7576\u521d\u8cb7\u9032\u7684\u539f\u56e0\u5df2\u7d93\u6539\u8b8a\u6642\uff0c\u9700\u8981\u6709\u52c7\u6c23\u7acb\u5373\u8a8d\u8ce0\u6bba\u51fa\uff0c\u800c\u82e5\u662f\u9577\u671f\u4ecd\u770b\u597d\u8a72\u516c\u53f8\uff0c\u53ea\u662f\u56e0\u70ba\u53d7\u5230\u77ed\u671f\u7684\u56e0\u7d20\u5e72\u64fe\u5c0e\u81f4\u8667\u640d\u6216\u80a1\u50f9\u4e0b\u8dcc\uff0c\u5247\u9084\u662f\u6301\u7e8c\u6301\u6709\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u52c7\u65bc\u8a8d\u932f\uff0c\u4e26\u5f9e\u4e2d\u5b78\u7fd2\uff1a<\/strong><br \/>\n\u5f9e\u5df4\u83f2\u7279\u591a\u6b21\u8a2a\u8ac7\u5167\u5bb9\u4e2d\u53ef\u4ee5\u770b\u51fa\uff0c\u4ed6\u662f\u500b\u975e\u5e38\u52c7\u65bc\u8a8d\u932f\u7684\u4eba\uff0c\u4e0d\u6703\u70ba\u4e86\u63a9\u84cb\u81ea\u5df1\u7684\u932f\u8aa4\u5c0e\u81f4\u66f4\u7cdf\u7cd5\u7684\u6295\u8cc7\u6c7a\u5b9a\uff0c\u9019\u4e5f\u5c31\u662f\u70ba\u4ec0\u9ebc\u4ed6\u5728\u696d\u754c\u6703\u53d7\u5230\u90a3\u9ebc\u591a\u6295\u8cc7\u4eba\u5c0a\u5d07\u7684\u539f\u56e0\u4e4b\u4e00\u5427\u3002<\/span><\/li>\n<\/ol>\n<p>\u5e02\u5834\u5148\u751f\u63d0\u793a\uff1a<\/p>\n<p>\u5176\u5be6\u6709\u6642\u5019\u6211\u5011\u5f88\u96e3\u53bb\u5b9a\u7fa9\u4ec0\u9ebc\u53eb\u505a\u300c\u6295\u8cc7\u932f\u8aa4\u300d\uff0c\u5f80\u5f80\u4e8b\u5f8c\u770b\uff0c\u8ce0\u9322\u7684\u6295\u8cc7\u6703\u88ab\u7576\u6210\u662f\u4e00\u7a2e\u932f\u8aa4\uff0c\u4f46\u771f\u7684\u662f\u5982\u6b64\u55ce\uff1f\u4e26\u4e0d\u5168\u7136\u662f\u9019\u6a23\u3002<\/p>\n<p>\u55ae\u7d14\u7528\u8cfa\u9322\u8ce0\u9322\u4f86\u5224\u65b7\u662f\u975e\u597d\u58de\uff0c\u662f\u4e0d\u5920\u56b4\u8b39\u7684\u65b9\u6cd5\u3002<\/p>\n<p>\u6709\u4e00\u4e9b\u932f\u8aa4\uff0c\u5982\u679c\u5f9e\u6a5f\u7387\u6216<a href=/index.html"https:\/\/\/positive-negative-expected-value-thinking-2023\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u671f\u671b\u503c<\/a>\u7684\u89d2\u5ea6\u4f86\u770b\uff0c\u6709\u4e9b\u6c7a\u7b56\u5373\u4f7f\u6700\u7d42\u662f\u8667\u640d\uff0c\u4f46\u7576\u4e0b\u4ecd\u61c9\u8a72\u53bb\u57f7\u884c\uff0c\u9069\u5ea6\u5206\u6563\u4e0d\u8981\u91cd\u62bc\u5373\u53ef\uff0c\u6c7a\u7b56\u91cd\u8907\u57f7\u884c\u7684\u5920\u591a\u6b21\uff0c\u4e2d\u9593\u5373\u4f7f\u6709\u8cfa\u6709\u8ce0\uff0c\u7d50\u679c\u4ecd\u662f\u975e\u5e38\u4e0d\u932f\u3002<br \/>\n\u540c\u6a23\u7684\u4e5f\u61c9\u8a72\u7406\u89e3\u5230\uff0c\u6211\u5011\u5fc5\u7136\u6703\u6709\u4e00\u4e9b\u8aa4\u5224\u6700\u7d42\u662f\u597d\u904b\u8cfa\u9322\u7684\uff0c\u8cfa\u9322\u4e0d\u4ee3\u8868\u6c7a\u7b56\u6b63\u78ba\uff0c\u5982\u679c\u91cd\u8907\u66f4\u591a\u6b21\u985e\u4f3c\u7684\u4e8b\u4e5f\u8a31\u6703\u5f97\u5230\u7cdf\u7cd5\u7684\u7d50\u679c\u3002<\/p>\n<p>\u7576\u7136\uff0c\u6709\u4e00\u4e9b\u932f\u8aa4\u662f\u6211\u5011\u4e8b\u5f8c\u770b\u53ef\u4ee5\u604d\u7136\u5927\u609f\uff0c\u907f\u514d\u672a\u4f86\u72af\u4e0b\u540c\u6a23\u7684\u932f\u3002<\/p>\n<p>\u5f9e\u5225\u4eba\u7684\u932f\u8aa4\u4e2d\u5b78\u7fd2\uff0c\u5728\u6642\u9593\u3001\u91d1\u9322\u4e0a\u90fd\u662f\u6700\u6210\u672c\u6700\u4f4e\u7684\u4e8b\u60c5\u3002<\/p>\n<p>\u8aa4\u5224\u5728\u6295\u8cc7\u88e1\u9762\u662f\u5fc5\u7136\u7684\uff0c\u6211\u5011\u90fd\u4e0d\u53ef\u80fd\u6c38\u9060\u6b63\u78ba\uff0c<br \/>\n\u7576\u767c\u751f\u8aa4\u5224\u6642\uff0c\u50cf\u5df4\u83f2\u7279\u4e00\u6a23\u63a5\u53d7\u5b83\u4e26\u5f9e\u4e2d\u5b78\u7fd2\uff0c\u624d\u662f\u80fd\u5e6b\u6211\u5011\u8d70\u66f4\u9060\u7684\u65b9\u5f0f\u3002<\/p>\n<blockquote><p><strong>\u672c\u6587\u4e3b\u8981\u53c3\u8003\u8cc7\u6599\u4f86\u6e90\uff1a<\/strong><br \/>\n<a href=/index.html"https:\/\/finance.yahoo.com\/news\/warren-buffett-worst-investments-time-201817506.html\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">Warren Buffett\u2019s Worst Investments of All Time<\/a><br \/>\n<a href=/index.html"https:\/\/www.investopedia.com\/news\/warren-buffetts-10-big-stock-losers\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">Warren Buffett&#8217;s 10 Big Stock Losers<\/a><\/p>\n<p>\u672c\u6587\u63d0\u5230\u6295\u8cc7\u6a19\u7684\u5747\u70ba\u6559\u5b78\u4f7f\u7528\uff0c\u7121\u4efb\u4f55\u6295\u8cc7\u63a8\u85a6\u4e4b\u610f\uff0c\u6295\u8cc7\u4e00\u5b9a\u6709\u98a8\u96aa\uff0c\u6295\u8cc7\u524d\u52d9\u5fc5\u81ea\u884c\u7814\u7a76\u5206\u6790\u3002<\/p><\/blockquote>\n\n<p><strong>\u66f4\u591a\u6295\u8cc7\u5165\u9580\u5ef6\u4f38\u95b1\u8b80\uff1a<\/strong><\/p>\n<p>1.\u00a0<a href=/index.html"https:\/\/\/blog-page\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8d85\u904e100\u7bc7\u65b0\u624b\u5165\u9580\u6587\u7ae0\u5206\u4eab<\/a><\/p>\n<p>2.\u00a0<a href=/index.html"https:\/\/\/blog-page_30\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u63a8\u85a6\u8d85\u904e40\u672c\u6295\u8cc7\u597d\u66f8<\/a><\/p>\n<p>3.\u00a0<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" target=\"_blank\" rel=\"noopener noreferrer\" 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