{"id":169996,"date":"2019-08-31T17:36:53","date_gmt":"2019-08-31T09:36:53","guid":{"rendered":"https:\/\/www.lixiangluntan.com\/169996.html"},"modified":"2019-08-31T17:36:53","modified_gmt":"2019-08-31T09:36:53","slug":"%e5%a6%82%e4%bd%95%e6%8a%95%e8%b5%84%ef%bc%9f%e6%8a%95%e8%b5%84%ef%bc%8c%e4%b8%8d%e8%b5%b0%e5%af%bb%e5%b8%b8%e8%b7%af_%e8%82%a1%e7%a5%a8%e4%b9%a6%e7%b1%8d","status":"publish","type":"post","link":"https:\/\/www.lixiangluntan.com\/?p=169996","title":{"rendered":"\u5982\u4f55\u6295\u8d44\uff1f\u6295\u8d44\uff0c\u4e0d\u8d70\u5bfb\u5e38\u8def_\u80a1\u7968\u4e66\u7c4d"},"content":{"rendered":"<blockquote style=\"font-size:15px;background-color: #F5F5F5;border:none;padding: 5px;margin:15px;line-height: 1.6;text-indent: 2em;\">\n<p style=\"margin-bottom:5px;\">\u80a1\u7968\u5fc3\u7406\u5206\u6790\u4e4b\u957f\u671f\u6295\u8d44\u4e0e\u957f\u7ebf\u6301\u80a1<\/p>\n<p>\u3000\u3000\u5982\u4f55\u5206\u6790<br \/>\n<strong>\u5fc3\u7406<\/strong>\uff1f\u80a1\u7968\u5fc3\u7406\u5206\u6790\u4e4b\u957f\u671f\u6295\u8d44\u4e0e\u957f\u7ebf\u6301\u80a1\u3002<\/p>\n<\/blockquote>\n<p>&nbsp;&nbsp;&nbsp;&nbsp; <\/p>\n<p> \u3000\u3000<strong>\u5982\u4f55\u6295\u8d44<\/strong>\uff1f\u600e\u6837\u6295\u8d44\uff1f\u6295\u8d44\uff0c\u4e0d\u8d70\u5bfb\u5e38\u8def\u3002<\/p>\n<p> \u3000\u3000John Bader\u662f\u4e00\u4e2a\u62e5\u6709130\u4ebf\u7f8e\u5143\u8d44\u4ea7\u7684\u7fe0\u9e1f\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\uff08Halcyon Asset Management\uff09\u5171\u540c\u4e3b\u5e2d\u548c\u9996\u5e2d\u6295\u8d44\u5b98\u3002\u5728\u4ed6\u8fd8\u662f\u4e00\u540d\u54c8\u4f5b\u5927\u5b66\u5b66\u751f\u7684\u65f6\u5019\uff0c\u5c31\u8bfb\u5230\u4e86\u7f8e\u56fd\u6295\u8d44\u5927\u5e08\u4f2f\u987f\u00b7\u9ea6\u57fa\u5c14\uff08Burton G.Malkiel\uff09\u7684\u540d\u8a00\uff1a\u80a1\u5e02\u8ba9\u5e02\u573a\u53d8\u5f97\u66f4\u6709\u6548\u7387\u3002\u867d\u7136\u4ed6\u5f53\u65f6\u5728\u5de5\u4e1a\u5e76\u8d2d\u6f6e\u4e2d\u5728\u80fd\u6e90\u9886\u57df\u83b7\u5229\u9887\u4e30\uff0c\u4ed6\u5e76\u4e0d\u5341\u5206\u8ba4\u53ef\u8fd9\u4e2a\u3002<\/p>\n<p> \u3000\u3000\u4f46\u662f\u5728\u91d1\u878d\u5e02\u573a\u7684\u524d\u6cbf\u594b\u621820\u591a\u5e74\u4e4b\u540e\uff0c45\u5c81\u7684Bader\u5f00\u59cb\u6539\u53d8\u4ed6\u7684\u770b\u6cd5\u3002\u201c\u6211\u8d8a\u6765\u8d8a\u6e05\u695a\u7684\u8ba4\u8bc6\u5230\uff0c\u5e02\u573a\u662f\u975e\u5e38\u6709\u6548\u7684\uff0c\u597d\u7684\u6218\u7565\u4e00\u5b9a\u53ef\u4ee5\u5e26\u6765\u597d\u7684\u6536\u76ca\u3002\u201d\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u4ed6\u5f00\u59cb\u907f\u5f00\u5927\u591a\u6570\u57fa\u91d1\u4e13\u6ce8\u7684\u9886\u57df\u7684\u539f\u56e0\u3002<\/p>\n<p> 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