{"id":10404330,"date":"2026-08-05T09:11:24","date_gmt":"2026-08-05T01:11:24","guid":{"rendered":"https:\/\/twkeypoint.com\/?p=10404330"},"modified":"2026-08-05T09:11:24","modified_gmt":"2026-08-05T01:11:24","slug":"%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-2%e5%a4%a7%e5%b4%a9%e7%9b%a4%e5%b0%8e%e7%81%ab%e7%b7%9a%ef%bc%81%e8%82%a1%e5%b8%82%e6%b3%a1%e6%b2%ab%e7%a0%b4%e8%a3%82%e5%9c%a8%e7%9c%bc","status":"publish","type":"post","link":"https:\/\/twkeypoint.com\/index.php\/2026\/08\/05\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-2%e5%a4%a7%e5%b4%a9%e7%9b%a4%e5%b0%8e%e7%81%ab%e7%b7%9a%ef%bc%81%e8%82%a1%e5%b8%82%e6%b3%a1%e6%b2%ab%e7%a0%b4%e8%a3%82%e5%9c%a8%e7%9c%bc\/","title":{"rendered":"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-2\u5927\u5d29\u76e4\u5c0e\u706b\u7dda\uff01\u80a1\u5e02\u6ce1\u6cab\u7834\u88c2\u5728\u773c\u524d \u9054\u91cc\u6b50\u6700\u56b4\u53b2\u8b66\u544a"},"content":{"rendered":"\n
\n\n
\n\n

\n<\/p>\n\n\n

\n\n\n<\/a>\n<\/p>\n\n\n

\n<\/p>\n\n\n

\n\u5168\u7403\u6700\u5927\u5c0d\u6c96\u57fa\u91d1\u6a4b\u6c34\u57fa\u91d1\u5275\u8fa6\u4eba\u9054\u91cc\u6b50\uff08Ray Dalio\uff09\u8fd1\u65e5\u53d7\u8a2a\u6642\u767c\u51fa\u8fc4\u4eca\u6700\u56b4\u53b2\u7684\u5d29\u76e4\u8b66\u544a\u3002\uff08\u5716\uff0fshutterstock\u9054\u5fd7\uff09<\/p>\n\n\n

\n\u5168\u7403\u6700\u5927\u5c0d\u6c96\u57fa\u91d1\u6a4b\u6c34\u57fa\u91d1\u5275\u8fa6\u4eba\u9054\u91cc\u6b50\uff08Ray Dalio\uff09\u8fd1\u65e5\u53d7\u8a2a\u6642\u767c\u51fa\u8fc4\u4eca\u6700\u56b4\u53b2\u7684\u5d29\u76e4\u8b66\u544a\uff0c\u5e02\u5834\u5c0d\u4eba\u5de5\u667a\u6167\u7684\u72c2\u71b1\u8ffd\u6367\u5df2\u9032\u5165\u6ce1\u6cab\u5340\u9593\uff0c\u8b93\u4eba\u806f\u60f3\u52301929\u5e74\u82072000\u5e74\u7684\u884c\u60c5\u3002\u9054\u91cc\u6b50\u8a8d\u70ba\uff0c\u6ce1\u6cab\u6703\u88ab\u5169\u80a1\u529b\u91cf\u6233\u7834\uff0c\u5206\u5225\u662f\u5229\u7387\u4e0a\u5347\uff0c\u4ee5\u53ca\u80a1\u7968\u767c\u884c\u7684\u64cd\u4f5c\u6fc0\u589e\u3002<\/p>\n\n\n

\n\u7d9c\u5408\u5916\u5a92\u5831\u5c0e\uff0c\u7576\u50b3\u5947\u6295\u8cc7\u4eba\u845b\u62c9\u6f22\uff08Jeremy Grantham\uff09\u63d0\u51fa\uff0c\u5e02\u5834\u6b63\u5728\u7d93\u6b77\u7f8e\u570b\u53f2\u4e0a\u6700\u5927\u6ce1\u6cab\u7684\u8b66\u544a\u6642\uff0c\u9054\u91cc\u6b50\u8868\u9054\u8a8d\u540c\u4e26\u5f37\u8abf\uff0c\u6ce1\u6cab\u5316\u662f\u7a0b\u5ea6\u554f\u984c\uff0c\u4e26\u975e\u4e8c\u5143\u5224\u65b7\uff0c\u8a31\u591a\u65b0\u9032\u7684\u6295\u8cc7\u4eba\u958b\u69d3\u687f\u62bc\u6ce8\uff0c\u5305\u62ec\u8ffd\u8e64\u80a1\u5e02\u7684\u69d3\u687f\u578bETF\uff0c\u5176\u5be6\u66f4\u50cf\u662f\u5728\u8ced\u4e00\u628a\u3002<\/p>\n\n\n

\n\u9054\u91cc\u6b50\u63a5\u8457\u63d0\u5230\uff0c\u4eba\u5de5\u667a\u6167\u7522\u696d\u4e0d\u65b7\u63a8\u52d5\u4f01\u696d\u516c\u958b\u767c\u884c\uff0c\u63a8\u52d5\u5e02\u5834\u6ce1\u6cab\u9032\u5165\u5371\u96aa\u5340\u9593\uff0c\u300c\u5e7e\u4e4e\u6c92\u6709\u4ec0\u9ebc\u6771\u897f\u6bd4\u80a1\u7968\u66f4\u5bb9\u6613\u88ab\u9020\u51fa\u4f86\uff0c\u7576\u4e00\u5bb6\u4f01\u696d\u52df\u8cc75\u5343\u842c\u7f8e\u5143\uff0c\u7372\u5f9710\u5104\u7f8e\u5143\u7684\u4f30\u503c\uff0c\u9020\u5c31\u5104\u842c\u5bcc\u7fc1\uff0c\u4f46\u904e\u7a0b\u4e2d\u6c92\u6709\u771f\u6b63\u768410\u5104\u7f8e\u5143\u6d41\u52d5\u3002\u300d<\/p>\n\n\n

\n\u9054\u91cc\u6b50\u8b66\u544a\uff0c\u6ce1\u6cab\u7834\u88c2\u662f\u4e00\u8f2a\u7d0480\u5e74\u9031\u671f\u5faa\u74b0\uff0c\u7531\u50b5\u52d9\u7d2f\u7a4d\u3001\u8ca7\u5bcc\u5dee\u8ddd\u64f4\u5927\u3001\u653f\u6cbb\u77db\u76fe\u8207\u5730\u7de3\u653f\u6cbb\u8b8a\u52d5\u7b49\u56e0\u7d20\u4ea4\u7e54\uff0c\u4e00\u65e6\u6ce1\u6cab\u7834\u88c2\uff0c\u4eba\u8207\u4eba\u4e4b\u9593\u5c31\u6703\u9677\u5165\u6fc0\u70c8\u5c0d\u7acb\u3002<\/p>\n\n\n

\n\u76ee\u524d\u6709\u5169\u80a1\u529b\u91cf\u53ef\u80fd\u6210\u70ba\u6ce1\u6cab\u7834\u88c2\u7684\u6700\u5f8c\u7a3b\u8349\uff0c\u9054\u91cc\u6b50\u8a8d\u70ba\u662f\u5229\u606f\u4e0a\u5347\uff0c\u63d0\u9ad8\u511f\u9084\u50b5\u52d9\u7684\u4ee3\u50f9\uff0c\u53e6\u4e00\u500b\u5247\u662f\u80a1\u7968\u767c\u884c\u71b1\u6f6e\uff0c\u4f01\u696d\u5229\u7528\u6295\u8cc7\u8005\u7684\u72c2\u71b1\u60c5\u7dd2\u52df\u8cc7\u3002<\/p>\n\n\n

\n\u6ce1\u6cab\u8ad6\u4e5f\u5728\u83ef\u723e\u8857\u8513\u5ef6\uff0c\u5411\u4f86\u770b\u591a\u5e02\u5834\u7684\u9ad8\u76db\u4e5f\u8b66\u544a\uff0c\u5e02\u5834\u4e26\u672a\u51fa\u73fe\u4f30\u503c\u6ce1\u6cab\uff0c\u4f46\u79d1\u6280\u696d\u5b58\u5728\u7372\u5229\u6ce1\u6cab\u3002\u8fd1\u671f\uff0c\u79d1\u6280\u7522\u696d\u66fe\u51fa\u73fe\u5287\u70c8\u56de\u6a94\uff0c\u958b\u51fa\u4eae\u773c\u8ca1\u5831\u537b\u7121\u6cd5\u523a\u6fc0\u80a1\u50f9\u6210\u9577\uff0c\u5373\u4ee3\u8868\u6295\u8cc7\u958b\u59cb\u6aa2\u8996\u6295\u8cc7\u898f\u6a21\u8207\u7372\u5229\u662f\u5426\u6210\u6b63\u6bd4\u3002<\/p>\n\n\n

\n<\/p>\n\n\n

\n2026\/08\/05 09:11<\/p>\n\n\n

\n\u8f49\u8f09\u81ea\u4e2d\u6642\u65b0\u805e\u7db2: https:\/\/www.chinatimes.com\/realtimenews\/20260805001341-260410<\/p>\n\n<\/div>\n\n\n

\n
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div><\/div><\/div>

\u6700\u65b0\u6587\u7ae0<\/span><\/h2><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u81ea\u6c11\u9ee8\u9752\u5e74\u5c40\u62dc\u6703\u5f35\u5584\u653f\u7b11\u558a\uff1a\u76fc\u7528\u6843\u5b50\u727d\u7dda<\/a><\/h3><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u6843\u5712\u5e02\u7acb\u91ab\u9662\u91cd\u5927\u7a81\u7834\uff01\u516b\u5fb7\u7e3d\u96624.8\u516c\u9803\u7528\u5730\u90fd\u8a08\u8b8a\u66f4\u904e\u95dc<\/a><\/h3><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u516c\u8eca\u53f8\u6a5f\u64e6\u649e\u8f4e\u8eca\u8def\u908a\u5435\u7ffb\u5929 \u8b66\u5230\u5834\u6bd2\u54c1\u5feb\u7be92\u4eba\u90fd\u967d\u6027<\/a><\/h3><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u5916\u8cc7\u8cb7\u8d85\u53f0\u80a1903\u5104\u53f2\u4e0a\u7b2c\u4e09\u5927\uff01\u591a\u982d\u884c\u60c5\u518d\u8d77\uff1f\u6cd5\u4eba\u52d5\u5411\u66dd\u5149<\/a><\/h3><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u6f22\u514942\u865f\u6f14\u7fd2\u9996\u65e5\u300c\u6230\u8eca\u5674\u88dd\u5099\u300d \u6771\u6307\u90e8\u8a8d\u4eba\u70ba\u758f\u5931<\/a><\/h3><\/div><\/div><\/div><\/div><\/div>
<\/div><\/div>\n\n
\n<\/div>\n\n
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div><\/div><\/div>

\u672c\u9031\u71b1\u9580\u6587\u7ae0<\/span><\/h2><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u81ea\u6c11\u9ee8\u9752\u5e74\u5c40\u62dc\u6703\u5f35\u5584\u653f\u7b11\u558a\uff1a\u76fc\u7528\u6843\u5b50\u727d\u7dda<\/a><\/h3><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u6843\u5712\u5e02\u7acb\u91ab\u9662\u91cd\u5927\u7a81\u7834\uff01\u516b\u5fb7\u7e3d\u96624.8\u516c\u9803\u7528\u5730\u90fd\u8a08\u8b8a\u66f4\u904e\u95dc<\/a><\/h3><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u516c\u8eca\u53f8\u6a5f\u64e6\u649e\u8f4e\u8eca\u8def\u908a\u5435\u7ffb\u5929 \u8b66\u5230\u5834\u6bd2\u54c1\u5feb\u7be92\u4eba\u90fd\u967d\u6027<\/a><\/h3><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u5916\u8cc7\u8cb7\u8d85\u53f0\u80a1903\u5104\u53f2\u4e0a\u7b2c\u4e09\u5927\uff01\u591a\u982d\u884c\u60c5\u518d\u8d77\uff1f\u6cd5\u4eba\u52d5\u5411\u66dd\u5149<\/a><\/h3><\/div><\/div><\/div>

\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u6f22\u514942\u865f\u6f14\u7fd2\u9996\u65e5\u300c\u6230\u8eca\u5674\u88dd\u5099\u300d \u6771\u6307\u90e8\u8a8d\u4eba\u70ba\u758f\u5931<\/a><\/h3><\/div><\/div><\/div><\/div><\/div>
<\/div><\/div>\n\n
\n\n
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div>
<\/div><\/div><\/div>

Post gallery<\/span><\/h2><\/div><\/div><\/div>
\"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u91d1\u9580\u4e32\u806f350\u5546\u5bb6\u63a8TWQR\u884c\u52d5\u652f\u4ed8<\/a><\/div>
<\/div><\/div><\/div><\/div>
\"dummy-img\"<\/a><\/div>
<\/div><\/div><\/div><\/div>
\"dummy-img\"<\/a><\/div>
<\/div><\/div><\/div><\/div>
\"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u5f71\u300b\u5433\u4e43\u4ec1\u62d8\u63d0\u4e0d\u5230\u671f\u9593\u8c6a\u8eca\u63a5\u9001\u5065\u8eab<\/a><\/div>
<\/div><\/div><\/div><\/div>
\"dummy-img\"<\/a><\/div>
<\/div><\/div><\/div><\/div>
\"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u8607\u5049\u78a9\u5f15\u5b78\u8005\u7814\u7a76<\/a><\/div>
<\/div><\/div><\/div><\/div><\/div><\/div>
<\/div><\/div>\n<\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u5168\u7403\u6700\u5927\u5c0d\u6c96\u57fa\u91d1\u6a4b\u6c34\u57fa\u91d1\u5275\u8fa6\u4eba … Continue Reading\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-2\u5927\u5d29\u76e4\u5c0e\u706b\u7dda\uff01\u80a1\u5e02\u6ce1\u6cab\u7834\u88c2\u5728\u773c\u524d \u9054\u91cc\u6b50\u6700\u56b4\u53b2\u8b66\u544a<\/span><\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":10404329,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[15],"tags":[47],"acf":[],"aioseo_notices":[],"featured_image":{"url":"https:\/\/twkeypoint.com\/wp-content\/uploads\/2026\/08\/chinatime_figure-1558.jpg"},"_links":{"self":[{"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/posts\/10404330"}],"collection":[{"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/comments?post=10404330"}],"version-history":[{"count":1,"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/posts\/10404330\/revisions"}],"predecessor-version":[{"id":10404331,"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/posts\/10404330\/revisions\/10404331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/media\/10404329"}],"wp:attachment":[{"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/media?parent=10404330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/categories?post=10404330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/twkeypoint.com\/index.php\/wp-json\/wp\/v2\/tags?post=10404330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}