{"id":2734,"date":"2022-01-28T12:43:05","date_gmt":"2022-01-28T04:43:05","guid":{"rendered":"https:\/\/ufqi.com\/blog\/?p=2734"},"modified":"2022-01-29T21:14:02","modified_gmt":"2022-01-29T13:14:02","slug":"economic-cycles-and-profits-in-stock","status":"publish","type":"post","link":"https:\/\/ufqi.com\/blog\/economic-cycles-and-profits-in-stock\/","title":{"rendered":"\u7ecf\u6d4e\u5468\u671f\u8bba\u517c\u8bae\u79f0\u50b2\u80a1\u7968\u725b\u5e02\u718a\u5e02\u7684\u79d8\u5bc6"},"content":{"rendered":"\n<p>\u65ad\u65ad\u7eed\u7eed\u7684\u7f16\u8bd1\u3001\u7cbe\u8bfb\u5b8c\u6210\u4e86Stan Weinstein\u7684\u300a\u79f0\u50b2\u80a1\u7968\u725b\u5e02\u718a\u5e02\u7684\u79d8\u5bc6\u300b\u4e00\u4e66\u7684\u539f\u8457\u3002\u539f\u8457\u82f1\u6587\u7bc7\u5e45\u5e76\u4e0d\u957f\uff0c\u4e0d\u8db3400\u9875\uff0c\u7ffb\u8bd1\u6210\u4e2d\u6587\u53ef\u80fd\u4e0d\u8db3300\u9875\uff0c\u4f46\u5374\u5dee\u4e0d\u591a\u82b1\u4e86\u6211\u4e09\u4e2a\u6708\u7684\u65f6\u95f4\uff0c\u4ece2021\u5e7411\u6708\u52302022\u5e741\u6708\uff0c\u5dee\u4e0d\u591a\u662f\u6bcf\u5929\u51e0\u9875\u4e66\u7684\u901f\u5ea6\u5728\u8bfb\u3002\u5728\u4e4b\u524d\u7684\u9636\u6bb5\u6027\u8bc4\u8bba\u65f6\uff0c\u6211\u5199\u5230\uff1a<\/p>\n\n\n\n<p>\u201c\u53c8\u5ff5\u53ca\u8fd9\u6bcf\u4e00\u6bb5\u6587\u5b57\u4e0b\u9762\u90fd\u662f\u7f8e\u56fd\u534e\u5c14\u8857\u80a1\u5e02\u65e0\u6570\u6563\u6237\u7684\u68ee\u68ee\u767d\u9aa8\uff0c\u8bfb\u5f97\u5feb\u4e86\u6015\u662f\u9634\u6c14\u592a\u91cd\u65e0\u6cd5\u6d88\u6563\u3002\u5728\u51ac\u65e5\u6b63\u5348\u7684\u9633\u5149\u4e0b\u6563\u6b65\u65f6\u53bb\u53cd\u601d\u53bb\u63e3\u6469\u53bb\u8bba\u8bc1\u53bb\u8d28\u7591&#8230;\u201d ( \u5c71\u9ad8\u6c34\u957f\u5e08\u6069\u96be\u5fd8\uff0c https:\/\/ufqi.com\/blog\/thanks-to-teachers\/ )<\/p>\n\n\n\n<p>\u5b9e\u9645\u60c5\u51b5\u662f\u9605\u8bfb\u6b64\u4e66\u786e\u5b9e\u8ba9\u4eba\u6536\u83b7\u9887\u4e30\u3002\u8fd9\u672c\u4e66\u5728\u8c46\u74e3\u7f51\u4e0a\u8bc4\u52069.0+\/10.0\uff0c\u5728\u4e9a\u9a6c\u900a\u7535\u5546\u7f51\u4e0a\u8bc4\u5206\u4e3a9.4+\/10.0. \u5c3d\u7ba1\u4e00\u5ea6\u88ab\u63f6\u63c4\u8bf4\u662f\u88ab\u4e66\u540d\u8bef\u5bfc\u574f\u4e86\u7684\u4e00\u672c\u4e66\u3002\u5982\u6b64\u9ad8\u7684\u8bc4\u5206\uff0c\u4e5f\u4fc3\u4f7f\u6211\u4eec\u5c06\u5176\u4ee5\u81f4\u656c\u7684\u65b9\u5f0f\u6536\u5165\u5230 \u6709\u798f\u7ecf\u5178UfqiClsc: https:\/\/ufqi.com\/news\/clscpage.1074.html?tit=\u79f0\u50b2\u725b\u718a\u5e02\u7684\u79d8\u5bc6 Stan Weinstein&#8217;s Secrets For Profiting in Bull and Bear Markets .<\/p>\n\n\n\n<p>Stan Weinstein\uff08 \u53f2\u4e39\u00b7\u6e29\u65af\u5766 \uff09\u4e0d\u907f\u8bb3\u5730\u8bf4\uff0c\u4ed6\u7684\u7406\u8bba\u5c5e\u4e8e\u8bc1\u5238\u5206\u6790\u7684\u6280\u672f\u6d3e\u3002\u8bc1\u5238\u6280\u672f\u5206\u6790\u7684\u7406\u8bba\u524d\u63d0\u662f\u5468\u671f\u8bba\uff0c\u5386\u53f2\u4f1a\u91cd\u6f14\uff0c\u592a\u9633\u5e95\u4e0b\u6ca1\u6709\u65b0\u9c9c\u7684\u4e8b\u3002\u8fde\u8d2f\u8d77\u6765\u4e4b\u524d\u9605\u8bfb\u6d89\u730e\u7684\u6709\u5173\u7ecf\u6d4e\u5468\u671f\u7684\u76f8\u5173\u8d44\u6599\uff0c\u6211\u89c9\u5f97\u6709\u5fc5\u8981\u5bf9\u5176\u8fdb\u4e00\u6b65\u5730\u68b3\u7406\uff0c\u4ee5\u671f\u5f62\u6210\u4e00\u4e2a\u5173\u4e8e\u7ecf\u6d4e\u5468\u671f\u8bba\u7684\u81ea\u6211\u8ba4\u77e5\u5c0f\u7ed3\u3002\u8fd9\u5df2\u7ecf\u662f\u6e29\u4e60\u7ecf\u6d4e\u5b66\u5185\u5bb9\u8fc7\u7a0b\u4e2d\u7684\u7b2c\u5341\u7bc7\u8bb0\u5f55\u4e86\uff0c\u4e4b\u524d\u4e00\u7bc7\u662f \u201c\u56fd\u503a\u4e0e\u4fe1\u7528\u8d27\u5e01\u201d\uff08 https:\/\/ufqi.com\/blog\/treasure-credit-money\/ \uff09\uff0c \u5176\u4ed6\u7ae0\u8282\u7684\u94fe\u63a5\u4e5f\u5206\u522b\u9644\u5f55\u4e8e\u6587\u672b\u5907\u67e5\u3002<\/p>\n\n\n\n<p>\u7ecf\u6d4e\u53d1\u5c55\u662f\u6709\u5468\u671f\u7684\uff0c\u5386\u53f2\u662f\u4f1a\u91cd\u6f14\u3002\u592a\u9633\u5e95\u4e0b\u6ca1\u6709\u65b0\u9c9c\u7684\u4e8b\uff08 There is no new thing under the sun. \uff09\uff0c\u8fd9\u53e5\u51fa\u81ea\u300a\u5723\u7ecf\u300b\u7684\u8bdd\u8bf4\u5bf9\u4e86\u4e00\u534a\u3002\u5bf9\u7684\u4e00\u534a\u521a\u597d\u5370\u8bc1\u4e86\u6211\u4eec\u7684\u8bc1\u5238\u6280\u672f\u5206\u6790\u7684\u5386\u53f2\u4f1a\u91cd\u6f14\uff0c\u5728\u4e00\u4e2a\u65f6\u671f\uff08\u5468\u671f\uff09\u5185\uff0c\u6bd4\u5982\u5728\u592a\u9633\u7684\u8fd9\u4e2a\u5982\u65e5\u4e2d\u5929\u7684\u65f6\u6bb5\u5185\uff0c\u6211\u4eec\u4eba\u751f\u6240\u7ecf\u5386\u7684\u8d77\u8d77\u4f0f\u4f0f\u3001\u5386\u53f2\u671d\u4ee3\u7684\u66f4\u66f4\u66ff\u66ff\u3001\u8bc1\u5238\u5e02\u573a\u7684\u6da8\u6da8\u8dcc\u8dcc\u3001\u5927\u6d77\u6f6e\u6c50\u7684\u6765\u6765\u56de\u56de\u3001\u51ac\u53bb\u6625\u6765\u5bd2\u6691\u6613\u8282\u56e0\u5faa\u4e0d\u723d\u3002<br \/>\u5176\u9519\u7684\u4e00\u534a\u53ef\u4ee5\u7528\u4e2d\u56fd\u7684\u53e4\u4e66\u300a\u5e84\u5b50\u300b\u4e00\u53e5\u89e3\u8bfb\uff1a\u590f\u866b\u4e0d\u53ef\u8bed\u51b0\u3002\u6211\u4eec\u8fd8\u672a\u5b8c\u6574\u5730\u7ecf\u5386\u4e00\u4e2a\u592a\u9633\u5468\u671f\uff0c\u5c31\u8bf4\u592a\u9633\u5e95\u4e0b\u6ca1\u6709\u65b0\u9c9c\u7684\u4e8b\u60c5\uff0c\u663e\u7136\u6709\u4e9b\u504f\u9887\u4e86\u3002\u5982\u540c\u590f\u5929\u7684\u866b\u5b50\u8bf4\uff0c\u6c34\u4e0d\u53ef\u80fd\u7ed3\u51b0\u4e00\u6837\u3002\u8fd9\u91cc\u6240\u8c13\u590f\u5929\u7684\u866b\u5b50\uff0c\u662f\u6307\u8be5\u866b\u5b50\u7684\u751f\u547d\u5468\u671f\u8d77\u4e8e\u6625\u672b\u590f\u521d\u3001\u7ec8\u4e8e\u590f\u672b\u79cb\u521d\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/\u5468\u671f\u7684\u5927\u4e0e\u5c0f-20222-xenxin.jpg\"><img loading=\"lazy\" width=\"1024\" height=\"830\" src=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/\u5468\u671f\u7684\u5927\u4e0e\u5c0f-20222-xenxin-1024x830.jpg\" alt=\"\" class=\"wp-image-2735\" srcset=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/\u5468\u671f\u7684\u5927\u4e0e\u5c0f-20222-xenxin-1024x830.jpg 1024w, https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/\u5468\u671f\u7684\u5927\u4e0e\u5c0f-20222-xenxin-300x243.jpg 300w, https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/\u5468\u671f\u7684\u5927\u4e0e\u5c0f-20222-xenxin-768x622.jpg 768w, https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/\u5468\u671f\u7684\u5927\u4e0e\u5c0f-20222-xenxin-1536x1245.jpg 1536w, https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/\u5468\u671f\u7684\u5927\u4e0e\u5c0f-20222-xenxin.jpg 1572w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>fig1. \u4e0d\u540c\u5bf9\u8c61\u7684\u5468\u671f\u7684\u5c42\u7ea7\u4e0e\u5927\u5c0f<\/figcaption><\/figure>\n\n\n\n<p>\u4ece\u4e2a\u4f53\u4eba\u7684\u89c6\u89d2\u6765\u5206\u6790\u7ecf\u6d4e\u5468\u671f\uff0c\u5927\u81f4\u6709\u5982\u4e0b\u51e0\u4e2a\u5c42\u7ea7\uff1a<br \/>R0. \u4e2a\u4eba\u7684\u751f\u8001\u75c5\u6b7b\u5468\u671f\uff0c\u4f5c\u4e3a\u5de5\u5177\u4eba\u7684\u65f6\u95f4\u5927\u7ea630-40\u5e74\uff1b<br \/>R1. \u6bd4\u4e2a\u4f53\u957f\u4e00\u4e2a\u5c42\u7ea7\u7684\u53ef\u80fd\u662f\u4e00\u5bb6\u516c\u53f8\/\u96c6\u4f53\u7684\u521b\u7acb\u3001\u53d1\u5c55\u3001\u7e41\u8363\u4e0e\u6d88\u4ea1\uff1b<br \/>R2. \u6bd4\u4e00\u5bb6\u516c\u53f8\u66f4\u957f\u4e00\u7ea7\u7684\u5468\u671f\u662f\u884c\u4e1a\u5468\u671f\uff0c\u4e00\u4e2a\u884c\u5f53\u7684\u5174\u76db\u4e0e\u8870\u4ea1\uff1b<br \/>R3. \u4e00\u4e2a\u653f\u6743\u5b9e\u4f53\u7684\u66f4\u66ff\u5468\u671f\u8981\u6bd4\u4e00\u4e2a\u884c\u4e1a\u66f4\u957f\uff0c\u4f46\u4e5f\u6709\u5174\u8870\u8363\u67af\u7684\u8282\u594f\uff1b<br \/>R4. \u51e0\u767e\u5e74\u7684\u653f\u6743\u66f4\u66ff\u5468\u671f\u6bd4\u8d77\u6211\u4eec\u6240\u8d56\u4ee5\u751f\u5b58\u7684\u5730\u7403\u5468\u671f\uff0c\u8fd8\u662f\u5c0f\u4e00\u4e9b\uff1b<br \/>R5. \u5730\u7403\u7684\u5468\u671f\u4e4b\u4e8e\u592a\u9633\u7cfb\u7684\u5468\u671f\uff0c\u4e5f\u5c0f\u5f88\u591a.<\/p>\n\n\n\n<p>\u6bd4\u4e2a\u4f53\u4eba\u66f4\u5c0f\u7684\u5faa\u73af\u5468\u671f\u53ef\u80fd\u662f\u6211\u4eec\u9972\u517b\u7684\u963f\u732b\u963f\u72d7\uff08R-1\uff09\uff0c\u4e5f\u636e\u8bf4\u6211\u4eec\u4f53\u5185\u7684\u7ec6\u80de\u7ec4\u7ec7\u5927\u7ea621\u5929\u4f1a\u5168\u65b0\u66f4\u66ff\u4e00\u6b21\u2014\u2014\u8001\u7684\u5168\u90e8\u6b7b\u53bb\u3001\u65b0\u7684\u5168\u90e8\u521b\u5236\u5c31\u4f4d\u3002\u5730\u7403\u6240\u5f52\u5c5e\u7684\u592a\u9633\u7cfb\u76ee\u524d\u63a2\u77e5\u670946\u4ebf\u5e74\u4e86\uff0c\u8fd9\u4e2a\u592a\u9633\u76ee\u524d\u662f\u751f\u8001\u75c5\u6b7b\u7684\u54ea\u4e2a\u9636\u6bb5\uff0c\u4eba\u7c7b\u76ee\u524d\u4f3c\u4e4e\u8fd8\u628a\u63e1\u4e0d\u51c6\uff0c\u66f4\u5927\u7684\u8fd8\u6709\u94f6\u6cb3\u7cfb\uff08R6\uff09\uff0c\u4eba\u9a6c\u5ea7\u661f\u4e91\u7b49\u7b49\u3002\u4e00\u4e2a\u53ef\u4ee5\u611f\u77e5\u7684\u5bf9\u6bd4\u662f\uff0c\u4e2a\u4f53\u4eba\u7684\u5c3a\u5bf8\u4e4b\u4e8e\u5730\u7403\uff0c\u76f8\u5f53\u4e8e\u4f53\u5185\u7ec6\u80de\u7ec4\u7ec7\u5c3a\u5bf8\u4e4b\u4e8e\u4eba\u4f53\u3002<\/p>\n\n\n\n<p>fig1.\u7684\u56fe\u793a\u663e\u5f97\u4e2a\u4f53\u4eba\u4f9d\u9644\u4e8e\u67d0\u4e00\u4e2a\u96c6\u4f53\u7ec4\u7ec7\uff0c\u96c6\u4f53\u7ec4\u7ec7\/\u516c\u53f8\u5f52\u5c5e\u4e8e\u65f6\u4ee3\u7684\u67d0\u4e00\u884c\u4e1a\uff0c\u884c\u4e1a\u53c8\u53d7\u5236\u4e8e\u653f\u5e9c\/\u653f\u6743\u7684\u7ba1\u63a7\uff0c\u653f\u5e9c\/\u653f\u6743\u77ed\u5219\u6570\u5341\u5e74\u3001\u957f\u5219\u6570\u767e\u5e74\u91cd\u65b0\u6363\u6bc1\u63a8\u5012\u91cd\u5efa\u8f6e\u56de\u4e00\u6b21\u3002\u57fa\u4e8e\u8fd9\u4e9b\u8ba4\u8bc6\uff0c\u6211\u4eec\u5206\u6790\u7ecf\u6d4e\u53d1\u5c55\u7684\u5468\u671f\uff0c\u5c31\u663e\u5f97\u5bb9\u6613\u591a\u4e86\u3002\u627f\u8ba4\u4e86\u7ecf\u6d4e\u53d1\u5c55\u662f\u6709\u89c4\u5f8b\u5730\u5468\u671f\u8fd0\u52a8\uff0c\u90a3\u4e48\u4f5c\u4e3a\u7ecf\u6d4e\u7684\u4e00\u90e8\u5206\uff0c\u8bc1\u5238\u5e02\u573a\u5206\u6790\uff0c\u5219\u4e5f\u5728\u5468\u671f\u7684\u5927\u52bf\u4e4b\u5185\u3002<br \/>fig1.\u7684\u56fe\u793a\u662f\u5355\u8c03\u7684\u793a\u610f\u56fe\uff0c\u5982\u679c\u7528\u5085\u91cc\u53f6\u7ea7\u6570\uff08 Fourier Series \uff09\u8fd9\u6837\u7684\u6570\u5b66\u5927\u6740\u5668\u6216\u80fd\u66f4\u5f62\u8c61\u5730\u63cf\u8ff0\u5468\u671f\u53d1\u5c55\u7684\u8fc7\u7a0b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/Fourier_series_square_wave_circles_animation-static.png\"><img loading=\"lazy\" width=\"1018\" height=\"880\" src=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/Fourier_series_square_wave_circles_animation-static.png\" alt=\"\" class=\"wp-image-2737\" srcset=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/Fourier_series_square_wave_circles_animation-static.png 1018w, https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/Fourier_series_square_wave_circles_animation-static-300x259.png 300w, https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/Fourier_series_square_wave_circles_animation-static-768x664.png 768w\" sizes=\"(max-width: 1018px) 100vw, 1018px\" \/><\/a><figcaption>fig2. \u5085\u91cc\u53f6\u7ea7\u6570\u7684\u6536\u655b\u6027\u8868\u793a\u7ecf\u6d4e\u5468\u671f ( https:\/\/upload.wikimedia.org\/wikipedia\/commons\/b\/bd\/Fourier_series_square_wave_circles_animation.svg )<\/figcaption><\/figure>\n\n\n\n<p>fig2.\u4e2d\uff0c\u4ece\u4e0a\u5230\u4e0b\u4ece\u5927\u5230\u5c0f\u53ef\u4ee5\u5206\u522b\u8868\u793a\u653f\u6743\/\u653f\u5e9c\u3001\u884c\u4e1a\/\u7ec4\u7ec7\u3001\u516c\u53f8\/\u96c6\u4f53\u3001\u4e2a\u4f53\u3002\u5982\u679c\u5047\u8bbe\u53f3\u4fa7\u6240\u7ed8\u5236\u7684\u66f2\u7ebf\u4e0a\u90e8\u8868\u793a\u201c\u597d\u7684\u201d\uff0c\u4e0b\u90e8\u8868\u793a\u201c\u574f\u7684\u201d\uff0c\u53ef\u4ee5\u660e\u663e\u5730\u770b\u5230\uff0c\u653f\u6743\/\u653f\u5e9c\u5bf9\u597d\u4e0e\u574f\u7684\u7ed3\u679c\u5f71\u54cd\u6700\u5927\uff0c\u884c\u4e1a\/\u7ec4\u7ec7\u5728\u5927\u8d8b\u52bf\u4e0b\u5f62\u6210\u5c0f\u7684\u6ce2\u52a8\uff0c\u516c\u53f8\/\u96c6\u4f53\u5f71\u54cd\u6b21\u4e4b\uff0c\u4e2a\u4f53\u5bf9\u597d\u4e0e\u574f\u7ed3\u679c\u7684\u5f71\u54cd\u5374\u662f\u6781\u5176\u6709\u9650\uff0c\u6ce2\u52a8\u8303\u56f4\u6781\u5176\u7a84\u5c0f\u3002<br \/>\u51e0\u4e4e\u662f\u751f\u9022\u76db\u4e16\u826f\u6cbb\u5584\u653f\u610f\u5473\u7740\u8eba\u8d62\u5730\u5728\u201c\u597d\u7684\u201d\u533a\u95f4\uff081n, 2n, 3n, 4n\uff09\uff0c\u800c\u751f\u9022\u4e71\u4e16\u5175\u8352\u9a6c\u4e71\uff0c\u4efb\u4f60\u662f\u7edd\u4e16\u9ad8\u624b\u4e49\u8584\u4e91\u5929\uff0c\u610f\u5473\u7740\u51e0\u4e4e\u662f\u5730\u72f1\u6a21\u5f0f\u4e00\u822c\u5730\u62fc\u5c3d\u5168\u529b\u4e5f\u53ea\u4e3a\u6c42\u751f\u6d3b\u547d\uff0c\u5728\u201c\u574f\u7684\u201d\u533a\u95f4\uff081u, 2u, 3u, 4u\uff09.<\/p>\n\n\n\n<p>\u5728Stan Weinstein\u91cc\u7684\u4e66\u91cc\uff0c\u4f5c\u8005\u58a9\u58a9\u544a\u8beb\u5e76\u4e0d\u65ad\u53cd\u590d\u5f3a\u8c03\uff0c\u6280\u672f\u5206\u6790\u8981\u5148\u770b\u8bc1\u5238\u5e02\u573a\u5927\u52bf\uff0c\u5e76\u63d0\u51fa\u4ece\u68ee\u6797\u5230\u6811\u6728\uff08 From Forest to Tree \uff09\u7684\u9009\u80a1\u62e9\u65f6\u65b9\u6cd5\u3002\u6574\u4f53\u5e02\u573a\u9762\u662f\u725b\u5e02\u8fd8\u662f\u718a\u5e02\uff1f\u67d0\u4e2a\u884c\u4e1a\u662f\u5174\u76db\u8fd8\u662f\u8870\u4ea1\uff1f\u67d0\u4e2a\u4e2a\u80a1\u662f\u770b\u7a7a\u8fd8\u662f\u770b\u591a\uff1f\u5f53\u4e09\u8005\u90fd\u6ee1\u8db3\u65f6\uff0c\u8be5\u80a1\u7968\u624d\u88ab\u5217\u5165\u5019\u9009\u9879\uff0c\u7136\u540e\u6839\u636e\u4ef7\u683c\u8d70\u52bf\u56fe\u62e9\u673a\u4e70\u5165\uff0c\u4e4b\u540e\u518d\u62e9\u673a\u5356\u51fa\u3002<br \/>\u4e0d\u8981\u5bf9\u6297\u5927\u8d8b\u52bf\uff0c\u4e0d\u5728\u718a\u5e02\u65f6\u5019\u51fa\u624b\uff0c\u751a\u81f3\u4e0d\u5728\u4e0b\u8dcc\u7684\u65f6\u5019\u6301\u6709\uff0c\u8fd9\u5927\u6982\u662fStan Weinstein\u8fd9\u672c\u4e66\u7684\u7cbe\u9ad3\u6240\u5728\uff0c\u5b8c\u5168\u63a8\u7ffb\u4e86\u4f20\u7edf\u80a1\u7968\u64cd\u4f5c\u7684\u91d1\u79d1\u7389\u5f8b\u2014\u2014\u4f4e\u4e70\u9ad8\u5356\u3002\u53d6\u800c\u4ee3\u4e4b\u7684\u662fStan Weinstein\u63a8\u8350\u7684\u547c\u4e4b\u6b32\u51fa\u7684\u201c\u9ad8\u4e70\u9ad8\u5356\u201d\uff0c\u7406\u8bba\u4e0a\u7834\u89e3\u4e86\u201c\u65b0\u624b\u6b7b\u4e8e\u8ffd\u9ad8\uff0c\u8001\u624b\u6b7b\u4e8e\u6284\u5e95\u201d\u3002<\/p>\n\n\n\n<p>\u4f5c\u4e3a\u53cd\u4f8b\u8bc1\uff0c<br \/>1. \u5728\u6574\u4f53\u5927\u52bf\u4e0a\uff0c\u5982\u679c2021\u5e748\u6708\u4efd\u5165\u5e02\u9999\u6e2f\u80a1\u5e02\uff0c\u6052\u751f\u6307\u6570\u5df2\u7ecf\u8fdb\u5165\u718a\u5e02\uff1b<br \/>2. \u5728\u884c\u4e1a\u9009\u62e9\u4e0a\uff0c\u5982\u679c2021\u5e745\u6708\u4efd\u4e70\u5165\u7f8e\u56fd\u80a1\u5e02\u7684\u4e2d\u56fd\u4e92\u8054\u7f51\u6982\u5ff5\u80a1\u7968\uff0c\u5c3d\u7ba1\u7f8e\u56fd\u80a1\u5e02\u5904\u4e8e\u725b\u5e02\uff0c\u4f46\u8be5\u884c\u4e1a\u5df2\u7ecf\u5168\u9762\u8fdb\u5165\u718a\u5e02\uff1b2021\u5e749\u6708\u4efd\u4e70\u5165\u4e2d\u56fd\u80a1\u5e02\u7684\u533b\u836f\u884c\u4e1a\u80a1\u7968\uff0c\u5c3d\u7ba1\u4e2d\u56fd\u80a1\u5e02\u8fd8\u5904\u4e8e\u725b\u5e02\uff0c\u4f46\u8be5\u884c\u4e1a\u5df2\u8fdb\u5165\u718a\u5e02\uff1b<br \/>3. \u5728\u4e2a\u80a1\u9009\u62e9\u4e0a\uff0c\u53cd\u4f8b\u5219\u6bd4\u6bd4\u7686\u662f\u3002<\/p>\n\n\n\n<p>\u4e0d\u5e78\u8fdb\u5165\u8fd9\u4e9b\u718a\u5e02\u7684\u80a1\u5e02\u6216\u8005\u76f8\u5173\u884c\u4e1a\u3001\u4e2a\u80a1\uff0c\u4f20\u7edf\u7684\u4e0b\u8dcc\u56de\u64a4-20%\u4ee5\u4e0a\u7684\u5fc3\u7406\u4ef7\u4f4d\u5f88\u5bb9\u6613\u8dcc\u7834\uff0c\u5982\u679c\u6ca1\u6709\u8fd9\u4e9b\u610f\u8bc6\u800c\u8bef\u6253\u8bef\u649e\u8fdb\u5165\uff0c\u63d0\u524d\u6b62\u635f\u662f\u552f\u4e00\u7684\u51fa\u8def\u3002\u4e0d\u8981\u731c\u6d4b\u5e95\u90e8\uff0c\u4e5f\u8bb8\u6839\u672c\u5c31\u6ca1\u6709\u5e95\u90e8\uff0c\u53ea\u6709\u66f4\u4f4e\u3002\u56de\u672c\u76c8\u5229\u66f4\u662f\u9065\u9065\u65e0\u671f\uff0c\u4e5f\u8bb8\u6700\u7ec8\u4f1a\u6da8\u56de\u6765\uff0c\u53ea\u662f\u6ca1\u6709\u4eba\u77e5\u9053\u4ec0\u4e48\u65f6\u5019\uff0c\u4e09\u4e94\u5e74\u540e\u4f5c\u4e3a\u88ab\u56f0\u88ab\u9501\u7684\u8d44\u91d1\uff0c\u5df2\u7ecf\u5927\u5e45\u6298\u635f\u3002\u5373\u4fbf\u6570\u5e74\u540e\u56de\u672c\u5e76\u4e14\u76c8\u522920%\u4ee5\u4e0a\uff0c\u8ba1\u7b97\u4e00\u4e0b\u5e74\u5316\u6536\u76ca\u7387\uff0c\u4e5f\u5f88\u96be\u8bf4\u6709\u80dc\u7b97\uff0c\u751a\u81f3\u65e0\u6cd5\u8dd1\u8d62\u5b9e\u9645\u901a\u8d27\u81a8\u80c0\u7387\u3002\u66f4\u4e0d\u5e78\u6c38\u8fdc\u6da8\u4e0d\u56de\u6765\u4e86\uff0c\u672c\u91d1\u5f7b\u5e95\u706d\u5931\uff0c\u8fd9\u4e5f\u662f\u300a\u806a\u660e\u7684\u6295\u8d44\u8005\u300b\u544a\u8bc9\u5927\u5bb6\u7684\uff0c\u6295\u8d44\u7684\u6838\u5fc3\u662f\u8981\u6709\u201c\u5b89\u5168\u8fb9\u9645\uff08 Margin of Safety \uff09\u201d\uff08\u6709\u798f\u7ecf\u5178UfqiCsc\uff1a https:\/\/ufqi.com\/news\/clscpage.1069.html?tit=\u806a\u660e\u7684\u6295\u8d44\u8005 The intelligent investor \uff09\u3002<\/p>\n\n\n\n<p>\u4e0d\u5bf9\u6297\u5927\u52bf\uff0c\u76f8\u53cd\u987a\u52bf\u800c\u4e3a\uff0c\u5219\u53d6\u80dc\u7684\u6982\u7387\u5219\u8f83\u5927\u3002\u4ee5\u8f83\u5927\u7684\u6982\u7387\u8fdb\u884c\u8bc1\u5238\u5e02\u573a\u6280\u672f\u5206\u6790\uff0c\u5373\u4f7f\u5076\u5c14\u6709\u5931\u8bef\uff0c\u4e5f\u5bf9\u957f\u671f\u6536\u76ca\u4e0d\u4f1a\u5f71\u54cd\u592a\u5927\uff0c\u6bd5\u7adf\u4ece\u6982\u7387\u4e0a\u6765\u8bf4\uff0c\u8d62\u9762\u8f83\u5927\u3002\u5982\u540c\u505a\u4f20\u7edf\u666e\u901a\u7684\u751f\u610f\u4e70\u5356\u4e00\u6837\uff0c\u6709\u8d5a\u6709\u4e8f\uff0c\u6574\u4f53\u4e0a\u662f\u76c8\u5229\u7684\u5373\u53ef\u3002\u8fd9\u5927\u6982\u5c31\u662f\u77e5\u9053\u5e76\u5229\u7528\u7ecf\u6d4e\u5468\u671f\u7684\u51fa\u53d1\u70b9\u548c\u843d\u811a\u70b9\u3002<br \/>\u81f3\u4e8e\u7ecf\u6d4e\u5468\u671f\u4e2d\u7684\u5176\u4ed6\u5468\u671f\uff0c\u4e5f\u662f\u53ef\u4ee5\u89c2\u6d4b\u5230\u7684\uff0c\u4e5f\u662f\u53ef\u4ee5\u5229\u7528\u7684\u3002\u6bd4\u5982\u623f\u5730\u4ea7\u5468\u671f\uff0c\u91d1\u878d\u5371\u673a\u5468\u671f\uff0c\u7164\u70ad\u77f3\u6cb9\u80fd\u6e90\u5468\u671f\u7b49\u7b49\u3002<\/p>\n\n\n\n<p>\u6700\u540e\uff0c\u8ba4\u6e05\u5e76\u7406\u89e3\u5e02\u573a\u53c2\u4e0e\u8005\u89d2\u8272\u5b9a\u4f4d\u4e5f\u5f88\u91cd\u8981\u3002Stan Weinstein\u4e5f\u63d0\u5230\u5728\u8bc1\u5238\u5e02\u573a\u91cc\u8ba4\u6e05\u5e02\u573a\u6784\u6210\u683c\u5c40\uff0c\u4e0d\u8981\u8bd5\u56fe\u8ba9\u6bcf\u4e2a\u4eba\u90fd\u660e\u767d\u5e02\u573a\u7684\u9636\u6bb5\u6027\u548c\u5468\u671f\u5f8b\u3002\u65e2\u4e0d\u505a\u6559\u7236\uff0c\u4e5f\u4e0d\u505a\u5723\u6bcd\uff0c\u56e0\u4e3a\u6b63\u5e38\u7684\u8bc1\u5238\u5e02\u573a\u59cb\u7ec8\u9700\u8981\u7559\u4e00\u534a\u6e05\u9192\u3001\u7559\u4e00\u534a\u9189\u3002\u4ed6\u5728\u4e66\u4e2d\u4e3e\u4e86\u4e00\u4e2a\u6781\u7aef\u7684\u4f8b\u5b50\uff1a\u5982\u679c\u6240\u6709\u6295\u8d44\u4eba\u90fd\u8bfb\u4e86\u8fd9\u672c\u4e66\uff0c\u90fd\u7406\u89e3\u5e76\u9075\u7167\u4e66\u4e2d\u7684\u5957\u8def\u53bb\u5206\u6790\u5e02\u573a\u8d70\u52bf\uff0c\u5f53\u4e00\u4e2a\u5e02\u573a\u4e2d\u53ea\u6709\u4e70\u65b9\u6216\u8005\u53ea\u6709\u5356\u65b9\u65f6\uff0c\u5e02\u573a\u5c31\u6b7b\u6389\u4e86\u3002<br \/>\u8fd9\u5c31\u662f\u5927\u5e08\u683c\u5c40\u7684\u601d\u7ef4\u4e86\uff0c\u4ee5\u6b64\u53ef\u4ee5\u5c06\u4ed6\u4e0e\u90aa\u6559\u5f02\u8bf4\u533a\u5206\u6e05\u695a\u3002\u4e16\u4e0a\u6240\u6709\u7684\u90aa\u6559\u90fd\u9f13\u5439\uff1a\u542c\u6211\u7684\uff0c\u542c\u6211\u7684\uff0c\u53ea\u80fd\u542c\u6211\u7684\uff0c\u9664\u4e86\u6211\u4e4b\u5916\u518d\u65e0\u522b\u7684\u795e\u3002<br \/>\u901a\u8fc7\u8fd9\u91cc\uff0c\u6211\u4eec\u4e5f\u5f88\u5bb9\u6613\u7406\u89e3\uff0c\u8bc1\u5238\u5e02\u573a\u7684\u53c2\u4e0e\u8005\u4e2d\uff0c\u653f\u5e9c\u3001\u4e2d\u4ecb\u673a\u6784\u603b\u662f\u5929\u7136\u5730\u9f13\u5439\u5165\u5e02\u3001\u5165\u5e02\u2014\u2014\u53ea\u8981\u8d44\u91d1\u5165\u5e02\uff0c\u4ed6\u4eec\u5c31\u6709\u5f97\u8d5a\uff0c\u800c\u5e02\u573a\u4e2d\u7684\u4e70\u65b9\u548c\u5356\u65b9\u53c8\u5fc5\u987b\u9488\u950b\u76f8\u5bf9\u5730\u4e0d\u4e00\u81f4\uff0c\u5e02\u573a\u624d\u80fd\u6b63\u5e38\u8fd0\u8f6c\u3002<br \/>\u57fa\u4e8e\u8fd9\u6837\u7684\u56db\u65b9\u89d2\u8272\u5206\u6790\u7684\u8ba4\u77e5\uff0c\u5e02\u573a\u4e0a3\/4\u7684\u529b\u91cf\u59cb\u7ec8\u662f\u540c\u4e00\u4e2a\u97f3\u8c03\u5730\u558a\u201c\u4e70\u5165\u3001\u4e70\u5165\u201d\uff0c\u800c\u53ea\u67091\/4\u7684\u529b\u91cf\u5728\u5fae\u5f31\u5730\u53d1\u51fa\u58f0\u97f3\u8bf4\u201c\u5356\u51fa\u3001\u5356\u51fa\u201d\u3002\u6240\u4ee5\u6839\u636e\u5a92\u4f53\u548c\u8206\u8bba\u610f\u89c1\u5efa\u8bae\u53bb\u64cd\u4f5c\u80a1\u7968\uff0c\u5341\u4e4b\u516b\u4e5d\u8981\u4e8f\u635f\u7684\u3002<\/p>\n\n\n\n<p>\u4e0d\u77e5\u662f\u5e78\u8fd0\u8fd8\u662f\u5384\u8fd0\uff0c\u5e02\u9762\u4e0a\u7ecf\u8fc7\u5404\u65b9\u9c7c\u9f99\u6df7\u6742\u5730\u6405\u5408\uff0c\u5df2\u7ecf\u6ca1\u6709\u4e00\u4e2a\u72ec\u9738\u5929\u4e0b\u7684\u80a1\u7968\u64cd\u4f5c\u65b9\u6cd5\uff0c\u76f8\u53cd\u5730\u662f\u5404\u79cd\u6cd5\u672f\u5343\u65b9\u767e\u8ba1\u3001\u59f9\u7d2b\u5ae3\u7ea2\u6ee1\u56ed\u6625\u7684\u5c40\u9762\u3002\u8fd9\u5176\u4e2d\u6709\u591a\u5c11\u771f\u771f\u5047\u5047\uff0c\u4f3c\u4e4e\u5df2\u7ecf\u4e0d\u91cd\u8981\u4e86\uff0c\u653f\u5e9c\u548c\u4e2d\u4ecb\u673a\u6784\u53ef\u4ee5\u6e14\u5229\uff0c\u56db\u65b9\u89d2\u8272\u4e2d\u5df2\u7ecf\u6709\u4e24\u4e2a\u8d62\u5bb6\uff0c\u81f3\u4e8e\u540e\u9762\u662f\u5356\u65b9\u83b7\u5229\uff0c\u8fd8\u662f\u4e70\u65b9\u83b7\u5229\u5df2\u7ecf\u4e0d\u91cd\u8981\u4e86\uff0c\u94c1\u6253\u7684\u8425\u76d8\u6d41\u6c34\u7684\u5175\u3002<\/p>\n\n\n\n<p>\u5c0f\u7ed3\u4e00\u4e0b\uff0c \u7ecf\u6d4e\u53d1\u5c55\u662f\u6709\u5468\u671f\u7684\uff0c\u5386\u53f2\u662f\u4f1a\u91cd\u6f14\u3002Stan Weinstein\u544a\u8bc9\u5927\u5bb6\u4e86\u4e00\u4e2a\u5c0f\u79d8\u5bc6\uff1a\u80a1\u7968\u7684\u9636\u6bb5\u6027\u6309\u5468\u671f\u7684\u8d77\u4f0f\u6da8\u8dcc\u89c4\u5f8b\u3002\u8fd9\u4e2a\u79d8\u5bc6\u5982\u540c\u5929\u4e0b\u6240\u6709\u7684\u6b66\u6797\u7edd\u5b66\u4e00\u6837\uff0c\u53ea\u4f20\u7ed9\u4fe1\u4ed6\u7684\u4eba\uff0c\u800c\u4e14\u77e5\u9053\u7684\u4eba\u591a\u4e86\u5c31\u4e0d\u7075\u5149\u4e86\u3002<\/p>\n\n\n\n<p>fig2.\u662f\u4e00\u5e45\u9759\u6001\u63cf\u7ed8\u5927\u5468\u671f\u4e2d\u5957\u5c0f\u5468\u671f\u7684\u6982\u5ff5\uff0c\u501f\u52a9\u4e8e\u8ba1\u7b97\u6280\u672f\u53ca\u4e92\u8054\u7f51\u7edc\u7684\u53d1\u5c55\uff0c\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u66f4\u597d\u7684\u52a8\u753b\u6f14\u793a\u7248\u672c\u3002\u901a\u8fc7\u52a8\u753b\u7248\u672c\uff0c\u5c06\u4e2a\u4f53\u4eba\u4ee3\u5165\u90a3\u4e2a\u6700\u5c0f\u7684\u5706\u5708\uff08\u7b2c\u56db\u4e2a\u7ea2\u5708\uff09\uff0c\u770b\u770b\u6211\u4eec\u793e\u4f1a\u4e2d\u7684\u4e00\u4e2a\u4e2a\u4e2a\u4f53\u662f\u5982\u4f55\u968f\u7740\u793e\u4f1a\u5927\u6f6e\u968f\u6ce2\u9010\u6d41\u8dcc\u5b95\u8d77\u4f0f\u7684\u5427\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/Fourier_series_square_wave_circles_animation.gif\"><img loading=\"lazy\" src=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/Fourier_series_square_wave_circles_animation.gif\" alt=\"\" class=\"wp-image-2740\" width=\"551\" height=\"551\" \/><\/a><figcaption>fig3.\u5085\u91cc\u53f6\u7ea7\u6570\u8868\u8ff0\u5927\u5c0f\u5468\u671f\u5d4c\u5957\u4e0e\u4e92\u52a8\u52a8\u753b<\/figcaption><\/figure>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p>\u8fd9\u662f\u6e29\u4e60\u7ecf\u6d4e\u5b66\u8457\u4f5c\u7684\u7b2c\u5341\u7bc7\u4e60\u4f5c\uff0c\u4e4b\u524d\u7684\u5404\u7bc7\u9644\u5217\u5982\u4e0b\u3002<\/p>\n\n\n\n<ol><li>\u56fd\u503a\u4e0e\u4fe1\u7528\u8d27\u5e01\uff0c<a href=\"https:\/\/ufqi.com\/blog\/treasure-credit-money\/\" target=\"_blank\" rel=\"noreferrer noopener\"> https:\/\/ufqi.com\/blog\/treasure-credit-money\/<\/a> <\/li><li>\u7406\u6027\u7ecf\u6d4e\u4eba\u5728\u8fb9\u9645\u4e0a\u505a\u9009\u62e9\uff0c&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/ufqi.com\/blog\/economic-selection-on-margin\/\" target=\"_blank\">https:\/\/ufqi.com\/blog\/economic-selection-on-margin\/<\/a><\/li><li>\u5199\u5199\u5e74\u5ea6\u6536\u76ca\u7387\u5e74\u5747\u6536\u76ca\u7387\u548c\u5e74\u5316\u6536\u76ca\u7387-4\uff0c&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/ufqi.com\/blog\/income-rate-annuals-with-buffett\/\" target=\"_blank\">https:\/\/ufqi.com\/blog\/income-rate-annuals-with-buffett\/<\/a><\/li><li>\u5199\u5199\u5e74\u5ea6\u6536\u76ca\u7387\u5e74\u5747\u6536\u76ca\u7387\u548c\u5e74\u5316\u6536\u76ca\u7387-3\uff0c&nbsp;<br \/><a href=\"https:\/\/ufqi.com\/blog\/income-rate-annuals-with-yale\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/ufqi.com\/blog\/income-rate-annuals-with-yale\/<\/a><\/li><li><a href=\"https:\/\/ufqi.com\/blog\/income-rate-annuals-with-cic\/\">\u5199\u5199\u5e74\u5ea6\u6536\u76ca\u7387\u5e74\u5747\u6536\u76ca\u7387\u548c\u5e74\u5316\u6536\u76ca\u7387-2&nbsp;<\/a>\uff0c&nbsp;https:\/\/ufqi.com\/blog\/income-rate-annuals-with-cic\/<\/li><li><a href=\"https:\/\/ufqi.com\/blog\/income-rate-annuals\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5199\u5199\u5e74\u5ea6\u6536\u76ca\u7387\u5e74\u5747\u6536\u76ca\u7387\u548c\u5e74\u5316\u6536\u76ca\u7387<\/a>\uff0c https:\/\/ufqi.com\/blog\/income-rate-annuals\/<\/li><li><a href=\"https:\/\/ufqi.com\/blog\/political-reform-country-vs-home\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6cbb\u5927\u56fd\u82e5\u8fc7\u5c0f\u5bb6\u2014\u2014\u5199\u5199\u738b\u671d\u5174\u8870\u66f4\u66ff\u80cc\u540e\u7684\u7ecf\u6d4e\u8d26<\/a>\uff0c&nbsp;https:\/\/ufqi.com\/blog\/political-reform-country-vs-home\/<\/li><li>&nbsp;<a href=\"https:\/\/ufqi.com\/blog\/captial-rate-and-minus-rate\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5199\u5199\u5b58\u6b3e\u5229\u7387\u8d37\u6b3e\u5229\u7387\u548c\u8d1f\u5229\u7387<\/a>\uff0c&nbsp;https:\/\/ufqi.com\/blog\/captial-rate-and-minus-rate\/<\/li><li><a href=\"https:\/\/ufqi.com\/blog\/us-1929-economic-crisis-2020-stock-shock\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5199\u51991929\u5e74\u7f8e\u56fd\u7ecf\u6d4e\u5927\u8427\u6761\u4e0e2020\u5e74\u7f8e\u56fd\u80a1\u5e02\u5927\u8dcc<\/a>\uff0c&nbsp;https:\/\/ufqi.com\/blog\/us-1929-economic-crisis-2020-stock-shock\/<\/li><\/ol>\n\n\n\n<p>\u2014-<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/ufqiclsc.logo_.256.202110.png\"><img loading=\"lazy\" src=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/ufqiclsc.logo_.256.202110.png\" alt=\"\" class=\"wp-image-2741\" width=\"179\" height=\"179\" srcset=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/ufqiclsc.logo_.256.202110.png 256w, https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2022\/01\/ufqiclsc.logo_.256.202110-150x150.png 150w\" sizes=\"(max-width: 179px) 100vw, 179px\" \/><\/a><figcaption>\u6709\u798f\u7ecf\u5178 UfqiClsc<\/figcaption><\/figure>\n\n\n\n<h3>\u6709\u798f\u7ecf\u5178UfqiClsc \u662f\u5168\u4eba\u7c7b\u4f20\u7edf\u4f18\u79c0\u6587\u5316\u7684\u7f51\u7edc\u518d\u5448\u73b0\uff0c\u5176\u81f4\u529b\u4e8e\u901a\u8fc7\u4e92\u8054\u7f51\u7edc\u5c06\u4f20\u7edf\u6587\u5316\u4e2d\u7684<strong>\u4e66\u7c4d\u3001\u56fe\u753b\u3001\u97f3\u4e50\u3001\u7535\u5f71\u3001\u8f6f\u4ef6<\/strong>\u7b49\u4f5c\u54c1\u4ee5\u4e0d\u540c\u7684\u8f7d\u4f53\u5f62\u5f0f\u5c55\u73b0\u5728\u8bfb\u8005\u9762\u524d\u3002\u901a\u8fc7\u4e92\u8054\u7f51\u7edc\uff0c\u6709\u798f\u7ecf\u5178UfqiClsc \u5e0c\u671b\u80fd\u591f\u5c06\u4eba\u7c7b\u6587\u5316\u4e2d\u7684\u667a\u6167\u7470\u5b9d\u65e0\u5dee\u522b\u5730\u5448\u73b0\u5728\u6bcf\u4e00\u4e2a\u7f51\u6c11\u9762\u524d\uff0c\u4ee5\u671f\u4e3a\u5f80\u5723\u7ee7\u7edd\u5b66\uff0c\u4e3a\u4e07\u4e16\u5f00\u592a\u5e73\u3002https:\/\/ufqi.com\/news\/?mod=clsc <\/h3>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\nhttps:\/\/ufqi.com\/blog\/economic-cycles-and-profits-in-stock\/  \uff0c -R\/p2SS\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u65ad\u65ad\u7eed\u7eed\u7684\u7f16\u8bd1\u3001\u7cbe\u8bfb\u5b8c\u6210\u4e86Stan Weinstein\u7684\u300a\u79f0\u50b2\u80a1\u7968\u725b\u5e02\u718a\u5e02\u7684\u79d8\u5bc6 &hellip; <a href=\"https:\/\/ufqi.com\/blog\/economic-cycles-and-profits-in-stock\/\">\u7ee7\u7eed\u9605\u8bfb <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[471,470,469,396,397],"_links":{"self":[{"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/posts\/2734"}],"collection":[{"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/comments?post=2734"}],"version-history":[{"count":8,"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/posts\/2734\/revisions"}],"predecessor-version":[{"id":2747,"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/posts\/2734\/revisions\/2747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/media\/2735"}],"wp:attachment":[{"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/media?parent=2734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/categories?post=2734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ufqi.com\/blog\/wp-json\/wp\/v2\/tags?post=2734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}