[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-JP2023042510251256956":3,"related-JP2023042510251256956":35},{"pageSize":4,"id":5,"productLine":6,"status":7,"articleCode":8,"articleType":9,"showStyle":7,"mediaType":7,"fileInputUrl":10,"articleTitle":11,"coverImage":12,"listImage":13,"introduction":14,"description":15,"nonVipDescription":16,"postTime":17,"viewTime":18,"sortNumber":19,"isFree":20,"isShowList":7,"isRecommend":20,"linkType":7,"isOriginal":6,"hasMiniUrl":20,"miniUrl":16,"miniScheme":16,"miniImage":16,"itemTag":16,"createBy":21,"updateBy":22,"createTime":23,"visitCount":24,"isLiked":20,"realSearch":25,"isRead":20,"productId":26,"isCollected":20,"collectCount":27,"vipExclusive":20,"allowComment":7,"style":28,"likeCount":29,"filePath":10,"duration":20,"playStyle":7,"seoKeywords":16,"articleModuleVoList":30,"extendContentList":31,"noteCount":32,"categoryList":33,"dailyKeywordList":34},10,5525,"1",1,"JP2023042510251256956","1041018","https:\u002F\u002Fjane7-file-prod.oss-cn-hangzhou.aliyuncs.com\u002F356ff2de-7d38-4547-b9b0-21ac0c44bd1e.mp3","巴菲特日本大赚100%，我们能「抄作业」吗？","https:\u002F\u002Fimage.jane7.com\u002F3375725c-d389-414b-8026-187a459f2892.png","https:\u002F\u002Fjane7-prod.oss-cn-hangzhou.aliyuncs.com\u002Fmanager\u002Farticle_default_img.png","日本股究竟咋样？","\u003Csection>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em; visibility: visible;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333; visibility: visible;font-family: Optima-Regular, PingFangTC-light;\">晚上好呀~\u003C\u002Fspan>\u003Cbr>\u003C\u002Fp>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">这两天，92岁巴菲特出手加码日本股票，给了全球市场一点小小的震撼。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cimg class=\"rich_pages wxw-img js_insertlocalimg\" src=\"https:\u002F\u002Fimage.jane7.com\u002F6c480b21-c7ce-41bb-a7be-fa8abda31457.jpg\" alt=\"图片\"> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">图源：日经中文网\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">一来，老爷子谨慎的性格众所皆知，为了买股，本周还特地飞了趟日本。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">二来，这次的投资不是心血来潮，\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">两年前小试牛刀后，已经赚了100%\u003C\u002Fspan>\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #8F959E; font-size: 14px;font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">（五只股票平均涨幅）\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">巴菲特说自己将持续关注日本股市，遇到好机会还会买买买。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">社区里有小伙伴问：股神都出手了，咱们是不是也能买点日本股票呢？\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">\u003Cimg src=\"https:\u002F\u002Fimage.jane7.com\u002Fcdd6c44d-d008-4435-ac17-9fd09178556c.jpg\" alt=\"图片\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Csection>\u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">从我们能买的标的看，很难达到老爷子的投资效果，不过，他出海的动机倒是有值得参考借鉴的地方。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">今天就来聊聊这事儿~\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 1.5em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; font-size: 14px; color: #FF2941; background-color: #FFFED5;font-family: Optima-Regular, PingFangTC-light;\">*风险提示：文中提及的基金仅为示例，不涉及任何投资建议和利益相关。请根据自己的需求，做出独立的投资判断。这也是我们努力做好科普的价值^^\u003C\u002Fspan>\u003C\u002Fp>\n \u003Csection>\n  \u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003C\u002Fstrong> \n \u003C\u002Fsection>\n \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px;  font-size: 17px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgba(0, 0, 0, 0.9);    letter-spacing: 0.544px;        text-decoration-thickness: initial;   clear: both; min-height: 1em; text-align: center;  line-height: 2em;font-family: -apple-system, &quot;system-ui&quot;, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Ch3 style=\"white-space: normal; margin: 0px 16px 16px; padding: 0px; outline: 0px; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; clear: both; min-height: 1em; text-align: center; line-height: 2em; font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fb11d38f3-faa6-4755-a92f-4e3919028dcd.jpg\" alt=\"图片\">\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px;  font-size: 17px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgba(0, 0, 0, 0.9);    letter-spacing: 0.544px;        text-decoration-thickness: initial;   clear: both; min-height: 1em; text-align: center;  line-height: 2em;font-family: -apple-system, &quot;system-ui&quot;, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">01 巴菲特的抄底之旅\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">早在2020年，巴菲特第一次买入了日本的五家商社公司，分别是：\u003C\u002Fspan> &nbsp;\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">伊藤忠商事、丸红、三菱商事、三井物产和住友商事。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">单看名字，你或许会认为商社是开商场的，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">其实，它们是掌握日本人衣食住行的财团企业。\u003C\u002Fstrong>\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">日本由于自然资源贫瘠，小到小麦，饲料，大到矿产，石油，不少物产都依赖进口。商社从贸易生意起家，逐步将商业版图扩大到金融、产业投资上。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">当前，这五大商社几乎控制了日本全部的大型生产企业及贸易公司，各有优势。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cimg class=\"rich_pages wxw-img js_insertlocalimg\" src=\"https:\u002F\u002Fimage.jane7.com\u002F83e0b46b-a7af-4ecf-8ab8-312149ad52be.jpg\" alt=\"图片\"> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">由于商社的业务多且杂，劝退了很多投资人，公司的估值始终很低：市盈率则约为六倍，市净率大约在1倍左右。\u003C\u002Fspan> &nbsp;\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">但巴菲特正是从中看到了商社的优势——\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">安全边际足够高。\u003C\u002Fstrong>\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Cp style=\"text-align:center;margin: 16px 16px 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px;     letter-spacing: 0.544px;         text-decoration-thickness: initial;font-family: system-ui, -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img js_insertlocalimg\" src=\"https:\u002F\u002Fimage.jane7.com\u002F4e388994-2e7b-4f09-8757-66bf0691de35.jpg\" alt=\"图片\">\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px;     letter-spacing: 0.544px;         text-decoration-thickness: initial;font-family: system-ui, -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">图源：巴菲特接收CNBC采访谈到为何买日股\u003C\u002Fspan>\u003C\u002Fp>\n \u003Csection>\n  \u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">首先是经营稳健，现金流强劲。\u003C\u002Fspan>\u003C\u002Fstrong> &nbsp;\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">五大商社为了保障日本的资源供应，早早布局海外矿产。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">这两年大宗商品暴涨行情下，商社们也赚得盆满钵满。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">其次是对股东大方，舍得分红。\u003C\u002Fspan>\u003C\u002Fstrong> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">当时商社的股息率接近5%，高于日股的平均水平\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">（2%）\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">巴菲特还对管理层愿意持续提高分红的态度，大加赞赏。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">从收益看，自从老爷子首次买入\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">（20年8月）\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">商社股票后，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">它们的平均涨幅达到100%，远远跑赢同期的日本大盘\u003C\u002Fstrong>\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">（日经225指数+30%）\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Cp>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">最近，巴菲特表示，对日本企业的投资是长期的，价格合适的话，持股比例不排除会从现在的7%上升到9.9%。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Ch3 style=\"white-space: normal; margin: 0px 16px 16px; padding: 0px; outline: 0px; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; clear: both; min-height: 1em; text-align: center; line-height: 2em; font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fb11d38f3-faa6-4755-a92f-4e3919028dcd.jpg\" alt=\"图片\">\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px;  font-size: 17px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgba(0, 0, 0, 0.9);    letter-spacing: 0.544px;        text-decoration-thickness: initial;   clear: both; min-height: 1em; text-align: center;  line-height: 2em;font-family: -apple-system, &quot;system-ui&quot;, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cstrong style=\"font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; letter-spacing: 0.544px; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"color: rgba(0, 0, 0, 0.9); font-family: -apple-system, &quot;system-ui&quot;, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">02 我们能学吗？\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fh3>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">92岁高龄的股神不远万里来日本找寻投资机会，大家难免好奇：我们要跟着买吗？\u003C\u002Fspan> &nbsp;\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">先上个结论，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">巴菲特的操作，对我们来说有点难以模仿。\u003C\u002Fstrong>\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">首先，回答下开头小伙伴的问题——\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">我们可以通过QDII基金出海，进行海外资产配置。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">日本就是可选市场之一，市场有几只日本基金专门跟踪日经225指数\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">（相当于日本的沪深300）\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">但巴菲特加入购物车的股票，并非指数权重股。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">从日经225指数排名靠前的股票看，科技、消费公司占了大头。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cimg class=\"rich_pages wxw-img js_insertlocalimg\" src=\"https:\u002F\u002Fimage.jane7.com\u002Ff1bcb12e-c2f7-4d26-b209-ed4e8cc910f6.jpg\" alt=\"图片\"> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">五大商社股票没有一家进入到Top 10中，后续的涨跌对指数影响也不大。\u003C\u002Fspan> &nbsp;\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">如果你冲着股神的名号买单，得到的结果可能会有落差。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">另外，股神还很巧妙地发日本债券，避免汇率风险。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">尽管这两年日本商社股价大涨，但由于美元相对日元是升值的，按美元计价的收益就明显缩水了。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">*比如100万日元资产上涨到150万日元，但1美元能兑换的日元同样从100上升到150日元，从美元的角度看，资产规模仍然是1万美元。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">如果用美元融资的话，资产的涨幅可能还不够支付美元利息。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">所以一方面，发行日元债，可以低成本融资，日元债的平均利率只有0.7%，低于其他主流货币。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">另一方面，可以让伯克希尔减少汇率带来的投资损失。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">但「低成本融资」+「投资高股息公司」的模式赚钱，对咱们普通人来说，显然难度太高了。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\u003C\u002Fsection>\n \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px;  font-size: 17px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgba(0, 0, 0, 0.9);    letter-spacing: 0.544px;        text-decoration-thickness: initial;   clear: both; min-height: 1em; text-align: center;  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong style=\"color: rgba(0, 0, 0, 0.9); font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Ch3 style=\"white-space: normal; margin: 0px 16px 16px; padding: 0px; outline: 0px; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; clear: both; min-height: 1em; text-align: center; line-height: 2em; font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fb11d38f3-faa6-4755-a92f-4e3919028dcd.jpg\" alt=\"图片\">\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px;  font-size: 17px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgba(0, 0, 0, 0.9);    letter-spacing: 0.544px;        text-decoration-thickness: initial;   clear: both; min-height: 1em; text-align: center;  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong style=\"color: rgba(0, 0, 0, 0.9); font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">03&nbsp;跟着股神，做好1个操作\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">不过，巴老爷子投资日本股市的动机除了买得便宜之外，还有\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333; background-color: #FFDAA9;font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">分散投资\u003C\u002Fstrong>\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">的考量。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">目前，伯克希尔哈撒韦持有的股票中，超过90%集中在美国本土，苹果又占了40%。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">虽然巴菲特相信美国的增长潜力，但在2月发布的致股东的信中，也谈到美国财政失衡问题，并说将\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「尽可能保护股东资产免受通货膨胀失控影响。」\u003C\u002Fstrong>\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">因此去世界上其他地区找机会，也就是顺其自然的事儿了。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">对我们来说，适当将资产进行全球配置的思路，是值得参考的。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">投资中有\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「本土偏好」\u003C\u002Fstrong>的说法，意思是投资者因为更熟悉本国企业，倾向买本国公司的股票。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">比如出海的QDII基金中，投资中概互联\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; font-size: 14px; color: #888888;font-family: Optima-Regular, PingFangTC-light;\">（中国互联网科技企业）\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">的规模就占了一大半。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">过于集中的后果，既会放大收益、也会带来风险的提升。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">放眼全球股市，过往十年看，A股的表现难言出彩，美国、印度的回报明显要高出一筹。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cimg class=\"rich_pages wxw-img js_insertlocalimg\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fdd3f147f-dbba-45de-8d36-a7a2716591c7.jpg\" alt=\"图片\"> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">如果你在投资篮里添加了一些其他市场的资产，收益或许会比单押本土来得可观。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">比如极简投资，通过投向中美两个市场的股票，就起到「东方不亮西方亮」的效果。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">估计你还好奇，巴菲特都开始看向其他国家的股市，我们还有必要投资美股吗？\u003C\u002Fspan>\u003C\u002Fstrong> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">一方面，他的持仓里，美股仍然占了绝对比重\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">（超过90%）\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">，即便日本股票提升，按照他的说法，未来暂时不会超过10%。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">另一方面，美股的成分股依旧是颇具分量的跨国企业，比如可口可乐全球都在喝、苹果的设备大家都在用，企业盈利的景气度也是全球经济的晴雨表。\u003C\u002Fspan>\n \u003C\u002Fsection>\n \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px;  font-size: 17px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgba(0, 0, 0, 0.9);    letter-spacing: 0.544px;        text-decoration-thickness: initial;   clear: both; min-height: 1em; text-align: center;  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Ch3 style=\"white-space: normal; margin: 0px 16px 16px; padding: 0px; outline: 0px; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; clear: both; min-height: 1em; text-align: center; line-height: 2em; font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fb11d38f3-faa6-4755-a92f-4e3919028dcd.jpg\" alt=\"图片\">\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px;  font-size: 17px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgba(0, 0, 0, 0.9);    letter-spacing: 0.544px;        text-decoration-thickness: initial;   clear: both; min-height: 1em; text-align: center;  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">04 全球投资怎么做？\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fh3>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">当然，除了美股，咱们还可以投资欧洲和新兴市场国家\u002F地区，这里给你列了一张表供参考——\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Cp style=\"text-align:center;margin: 16px 16px 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px;     letter-spacing: 0.544px;         text-decoration-thickness: initial;font-family: system-ui, -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cimg src=\"https:\u002F\u002Fimage.jane7.com\u002Ff14d2fd8-dd51-4169-8f8e-2177618ba5da.jpg\" alt=\"图片\">\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px;     letter-spacing: 0.544px;         text-decoration-thickness: initial;font-family: system-ui, -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">数据来源：东财Choice\u003C\u002Fspan>\u003C\u002Fp>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">*场内基金：需要开立股票账户购买；场外基金：可在基金销售平台（如支付宝、天天基金）购买\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">*图中列举同类型中规模最大、或成立时间最久的基金\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">需要注意的是，有的国家\u002F地区虽然近几年投资回报不错，但历史上的波动也很大，购买前最好多看看长期表现。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">这么多市场又该怎么挑呢？\u003C\u002Fspan>\u003C\u002Fstrong> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">给你一个小贴士：\u003C\u002Fspan> &nbsp;\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333; background-color: #FFDAA9;font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">借鉴MSCI全球指数的配置比例，定期调整。\u003C\u002Fstrong>\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">MSCI全球指数囊括了23个发达市场和24个新兴市场的大中型企业，代表着全球经济的发展动向。\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Cp>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">跟踪它的基金\u003C\u002Fspan> &nbsp;\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">（国内暂时没有跟踪全球指数的基金）\u003C\u002Fspan> &nbsp;\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">过去十年的平均年化回报是8%，比同期的沪深300高出3%。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">\u003Cimg src=\"https:\u002F\u002Fimage.jane7.com\u002Fc97d3342-9efa-484e-a2b5-a6218700118f.jpg\" alt=\"图片\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Csection>\u003C\u002Fsection>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; font-size: 14px; color: #888888;font-family: Optima-Regular, PingFangTC-light;\">图源：MSCI全球基金\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">目前，指数基金的成分股中，美股依然是最多的，达到六成，日本、英国紧随其后，中国市场的份额是3.5%。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 16px 16px 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px;     letter-spacing: 0.544px;         text-decoration-thickness: initial;font-family: system-ui, -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F7e26a1d2-5f4f-4efb-88dc-5d803b4dbb02.jpg\" alt=\"图片\">\u003C\u002Fp>\n \u003Csection>\n  \u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; font-size: 14px; color: #888888;font-family: Optima-Regular, PingFangTC-light;\">图源：MSCI全球基金\u003C\u002Fspan> \n \u003C\u002Fsection>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">你可以把基金的网址加入收藏夹，每年瞄上一眼。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">*MSCI全球指数基金网址（复制到电脑\u002F手机浏览器）：\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #888888; font-size: 14px;font-family: Optima-Regular, PingFangTC-light;\">https:\u002F\u002Fwww.ishares.com\u002Fus\u002Fproducts\u002F239600\u002Fishares-msci-acwi-etf\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">如果有一天，某个市场的占比有了大幅提升，咱们可以一起调整，跟上全球经济的节奏。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">好了，关于巴菲特买日股的碎碎念就和你聊到这儿了。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; clear: both; min-height: 1em; font-size: 17px;     letter-spacing: 0.544px;       text-decoration-thickness: initial;   display: block; color: rgb(51, 51, 51);  line-height: 2em;font-family: -apple-system, system-ui, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333;font-family: Optima-Regular, PingFangTC-light;\">周末愉快~\u003C\u002Fspan>\u003C\u002Fp>\n\u003C\u002Fsection>","","2023-04-25 10:37:40","2023-04-14 17:00:00",100,0,"mazehui@jane7.com","zhengjiurong@jane7.com","2023-04-25 10:25:12",183,false,15366,17,"1038002",5,[],[],3,[],[],[]]