{"id":256,"date":"2016-09-27T11:36:05","date_gmt":"2016-09-27T04:36:05","guid":{"rendered":"http:\/\/robostock.vn\/web\/?p=256"},"modified":"2016-09-27T11:36:05","modified_gmt":"2016-09-27T04:36:05","slug":"nhung-cau-noi-noi-tieng-cua-benjamin-graham","status":"publish","type":"post","link":"https:\/\/robostock.vn\/web\/nhung-cau-noi-noi-tieng-cua-benjamin-graham\/","title":{"rendered":"NH\u1eeeNG C\u00c2U N\u00d3I N\u1ed4I TI\u1ebeNG C\u1ee6A BENJAMIN GRAHAM"},"content":{"rendered":"

\t\t\t\t#<\/span>Rbskienthuc<\/span><\/a><\/p>\n

Benjamin Graham<\/em> l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i, ng\u01b0\u1eddi \u0111\u01b0\u1ee3c xem l\u00e0\u00a0B\u1ed1 gi\u00e0<\/strong>\u00a0trong l\u0129nh v\u1ef1c ph\u00e2n t\u00edch ch\u1ee9ng kho\u00e1n v\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb.\u00a0\u00dd t\u01b0\u1edfng v\u00e0 ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng \u0111\u01b0\u1ee3c tr\u00ecnh b\u00e0y r\u00f5 r\u00e0ng trong cu\u1ed1n s\u00e1ch \u201cSecurity analysis – Ph\u00e2n t\u00edch ch\u1ee9ng kho\u00e1n\u201d (1934) v\u00e0 cu\u1ed1n \u201cThe intelligent – nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh\u201d (1949), l\u00e0 hai trong s\u1ed1 nh\u1eefng \u1ea5n ph\u1ea9m n\u1ed5i ti\u1ebfng nh\u1ea5t c\u1ee7a \u00f4ng. Nh\u1eefng \u1ea5n ph\u1ea9m n\u00e0y th\u01b0\u1eddng \u0111\u01b0\u1ee3c xem l\u00e0 s\u00e1ch-ph\u1ea3i-\u0111\u1ecdc \u0111\u1ed1i v\u1edbi b\u1ea5t c\u1ee9 nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00e0o.<\/em><\/p>\n

<\/p>\n

<\/p>\n

V\u1ea5n \u0111\u1ec1 l\u1edbn nh\u1ea5t v\u00e0 th\u1eadm ch\u00ed l\u00e0 k\u1ebb th\u00f9 l\u1edbn nh\u1ea5t c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u00ednh l\u00e0 b\u1ea3n th\u00e2n h\u1ecd. (The investor\u2019s chief problem \u2013 and even his worst enemy \u2013 is likely to be himself)<\/p>\n

1. N\u1ebfu \u0111ang t\u00ecm mua c\u1ed5 phi\u1ebfu b\u00ecnh th\u01b0\u1eddng th\u00ec b\u1ea1n n\u00ean \u00e1p d\u1ee5ng c\u00e1ch t\u01b0\u01a1ng t\u1ef1 nh\u01b0 khi \u0111i mua t\u1ea1p ph\u1ea9m, ch\u1ee9 kh\u00f4ng ph\u1ea3i c\u00e1ch mua n\u01b0\u1edbc hoa.
\n(If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume)<\/p>\n

2. Ng\u01b0\u1eddi n\u00e0o kh\u00f4ng l\u00e0m ch\u1ee7 \u0111\u01b0\u1ee3c c\u1ea3m x\u00fac c\u1ee7a m\u00ecnh th\u00ec kh\u00f4ng th\u1ec3 ki\u1ebfm ti\u1ec1n t\u1eeb ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u t\u01b0.
\n(Individuals who cannot master their emotions are ill-suited to profit from the investment process)<\/p>\n

3. V\u1ea5n \u0111\u1ec1 l\u1edbn nh\u1ea5t v\u00e0 th\u1eadm ch\u00ed l\u00e0 k\u1ebb th\u00f9 l\u1edbn nh\u1ea5t c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u00ednh l\u00e0 b\u1ea3n th\u00e2n h\u1ecd.
\n(The investor\u2019s chief problem \u2013 and even his worst enemy \u2013 is likely to be himself)<\/p>\n

4. Thua l\u1ed7 l\u1edbn nh\u1ea5t l\u00e0 do nh\u00e0 \u0111\u1ea7u t\u01b0 mua c\u1ed5 phi\u1ebfu ch\u1ea5t l\u01b0\u1ee3ng th\u1ea5p v\u00e0o nh\u1eefng th\u1eddi k\u1ef3 c\u00f3 \u0111i\u1ec1u ki\u1ec7n kinh doanh thu\u1eadn l\u1ee3i. Ng\u01b0\u1eddi mua c\u1ed5 phi\u1ebfu nh\u1ea7m l\u1eabn l\u1ee3i nhu\u1eadn hi\u1ec7n t\u1ea1i c\u1ee7a doanh nghi\u1ec7p v\u1edbi \u201ckh\u1ea3 n\u0103ng t\u1ea1o l\u1ee3i nhu\u1eadn\u201d th\u1ef1c s\u1ef1, v\u00e0 r\u1eb1ng th\u1ecbnh v\u01b0\u1ee3ng \u0111\u1ed3ng ngh\u0129a v\u1edbi s\u1ef1 an to\u00e0n.
\n(The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions. The purchasers view the current good earnings as equivalent to \u201cearning power\u201d and assume that prosperity is synonymous with safety)<\/p>\n

5. Trong th\u1ebf gi\u1edbi ch\u1ee9ng kho\u00e1n, can \u0111\u1ea3m l\u00e0 m\u1ed9t \u0111\u1ee9c t\u00ednh qu\u00fd b\u00e1u, nh\u01b0ng ch\u1ec9 v\u1edbi \u0111i\u1ec1u ki\u1ec7n l\u00e0 sau khi ch\u00fang ta c\u00f3 \u0111\u1ee7 ki\u1ebfn th\u1ee9c v\u00e0 ki\u1ec3m ch\u1ee9ng c\u00e1c nh\u1eadn \u0111\u1ecbnh.
\n(In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.)<\/p>\n

6. C\u00e1c nguy\u00ean t\u1eafc \u0111\u1ea7u t\u01b0 n\u1ec1n t\u1ea3ng kh\u00f4ng thay \u0111\u1ed5i t\u1eeb n\u0103m n\u00e0y qua n\u0103m kh\u00e1c, nh\u01b0ng vi\u1ec7c \u00e1p d\u1ee5ng ph\u1ea3i thay \u0111\u1ed5i \u0111\u1ec3 ph\u00f9 h\u1ee3p v\u1edbi nh\u1eefng thay \u0111\u1ed5i c\u1ee7a c\u01a1 ch\u1ebf v\u00e0 m\u00f4i tr\u01b0\u1eddng t\u00e0i ch\u00ednh.
\n(The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate)<\/p>\n

7. Nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi tham gia th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u1eebng c\u1ed1 g\u1eafng chi\u1ebfn th\u1eafng th\u1ecb tr\u01b0\u1eddng v\u00ec ch\u1ec9 m\u1ea5t th\u1eddi gian v\u00e0 ti\u1ec1n c\u1ee7a m\u00e0 th\u00f4i.
\n(We urge the beginner in security buying not to waste his efforts and his money in trying to beat the market)<\/p>\n

8. S\u1ef1 kh\u00e1c bi\u1ec7t r\u00f5 n\u00e9t nh\u1ea5t gi\u1eefa m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 nh\u00e0 \u0111\u1ea7u c\u01a1 l\u00e0 \u1edf th\u00e1i \u0111\u1ed9 c\u1ee7a h\u1ecd \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng. M\u1ee5c ti\u00eau ch\u1ee7 y\u1ebfu c\u1ee7a nh\u00e0 \u0111\u1ea7u c\u01a1 l\u00e0 d\u1ef1 b\u00e1o c\u00e1c bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn. Nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00ec l\u1ea1i mua v\u00e0 n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu th\u00edch h\u1ee3p \u1edf m\u1ee9c gi\u00e1 ph\u00f9 h\u1ee3p.
\n(The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator\u2019s primary interest lies in anticipating and profiting from market fluctuations. The investor\u2019s primary interest lies in acquiring and holding suitable securities at suitable prices)<\/p>\n

9. \u0110\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n ch\u1ec9 th\u00f4ng minh nh\u1ea5t khi \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n gi\u1ed1ng nh\u01b0 \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p nh\u1ea5t. Khi b\u1eaft \u0111\u1ea7u m\u1ee5c ti\u00eau t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn t\u1eeb \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n th\u00ec ch\u00fang ta \u0111\u00e3 b\u01b0\u1edbc v\u00e0o ho\u1ea1t \u0111\u1ed9ng kinh doanh v\u00e0 v\u00ec v\u1eady ph\u1ea3i \u0111i\u1ec1u h\u00e0nh theo c\u00e1c nguy\u00ean t\u1eafc kinh doanh \u0111\u01b0\u1ee3c th\u1eeba nh\u1eadn, n\u1ebfu mu\u1ed1n th\u00e0nh c\u00f4ng.
\n(Investment is most intelligent when it is most businesslike. if a person sets out to make profits from security purchases and sales, he is embarking on a business venture of his own, which must be run in accordance with accepted business principles if it is to have a chance of success)<\/p>\n

10. \u0110\u1eebng c\u1ed1 g\u1eafng t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t m\u1ee9c th\u00f4ng th\u01b0\u1eddng t\u1eeb \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n, tr\u1eeb khi b\u1ea1n bi\u1ebft r\u00f5 v\u1ec1 gi\u00e1 tr\u1ecb c\u1ee7a ch\u1ee9ng kho\u00e1n nh\u01b0 b\u1ea1n bi\u1ebft r\u00f5 v\u1ec1 gi\u00e1 tr\u1ecb m\u1eb7t h\u00e0ng m\u00e0 b\u1ea1n s\u1ea3n xu\u1ea5t\/kinh doanh.
\n(Do not try to make \u201cbusiness profits\u201d out of securities \u2013 that is, returns in excess of normal interest and dividend income \u2013 unless you know as much about security values as you would need to know about the value of merchandise that you proposed to manufacture or deal in)<\/p>\n

11. \u0110\u1eebng \u0111\u1ec3 ai \u0111\u00f3 \u0111i\u1ec1u h\u00e0nh doanh nghi\u1ec7p c\u1ee7a m\u00ecnh, tr\u1eeb khi (1) b\u1ea1n c\u00f3 \u0111\u1ee7 ki\u1ebfn th\u1ee9c \u0111\u1ec3 c\u00f3 th\u1ec3 gi\u00e1m s\u00e1t ho\u1ea1t \u0111\u1ed9ng c\u1ee7a anh ta, (2) b\u1ea1n c\u00f3 nh\u1eefng l\u00fd do v\u1eefng ch\u1eafc \u0111\u1ec3 \u0111\u1eb7t ni\u1ec1m tin v\u00e0o s\u1ef1 trung th\u1ef1c v\u00e0 kh\u1ea3 n\u0103ng c\u1ee7a anh ta. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng quy t\u1eafc n\u00e0y \u0111\u1ec3 quy\u1ebft \u0111\u1ecbnh giao ti\u1ec1n c\u1ee7a m\u00ecnh cho ng\u01b0\u1eddi kh\u00e1c \u0111\u1ea7u t\u01b0.
\n(Do not let anyone else run your business, unless (1) you can supervise his performance with adequate care and comprehension or (2) you have unusually strong reasons for placing implicit confidence in his integrity and ability. For the investor this rule should determine the conditions under which he will permit someone else to decide what is done with his money)<\/p>\n

12. T\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn kh\u00f4ng ph\u1ea3i d\u1ef1a v\u00e0o ni\u1ec1m l\u1ea1c quan m\u00e0 l\u00e0 ph\u00e2n t\u00edch con s\u1ed1.
\n(Operations for profit should be based not on optimism but on arithmetic)<\/p>\n

13. H\u00e3y h\u00e0nh \u0111\u1ed9ng d\u0169ng c\u1ea3m v\u1edbi ki\u1ebfn th\u1ee9c v\u00e0 kinh nghi\u1ec7m c\u1ee7a b\u1ea1n. N\u1ebfu b\u1ea1n r\u00fat ra k\u1ebft lu\u1eadn sau khi \u0111\u00e3 ph\u00e2n t\u00edch s\u1ed1 li\u1ec7u v\u00e0 r\u1ea5t tin t\u01b0\u1edfng v\u00e0o c\u00e1c nh\u1eadn \u0111\u1ecbnh c\u1ee7a m\u00ecnh th\u00ec h\u00e3y h\u00e0nh \u0111\u1ed9ng cho d\u00f9 ng\u01b0\u1eddi kh\u00e1c c\u00f3 th\u1ec3 do d\u1ef1 ho\u1eb7c c\u00f3 quan \u0111i\u1ec3m kh\u00e1c. B\u1ea1n \u0111\u00fang hay sai kh\u00f4ng ph\u1ea3i v\u00ec \u0111\u00e1m \u0111\u00f4ng kh\u00f4ng \u0111\u1ed3ng \u00fd v\u1edbi b\u1ea1n. B\u1ea1n \u0111\u00fang v\u00ec c\u00e1c d\u1eef ki\u1ec7n v\u00e0 l\u00fd do \u0111\u01b0a ra k\u1ebft lu\u1eadn l\u00e0 \u0111\u00fang.
\n(Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it \u2013 even though others may hesitate or differ. You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right)<\/p>\n

14. \u0110\u1ea1t \u0111\u01b0\u1ee3c th\u00e0nh qu\u1ea3 \u0111\u1ea7u t\u01b0 nh\u01b0 mong \u0111\u1ee3i d\u1ec5 h\u01a1n h\u1ea7u h\u1ebft m\u1ecdi ng\u01b0\u1eddi ngh\u0129; \u0111\u1ea1t \u0111\u01b0\u1ee3c k\u1ebft qu\u1ea3 v\u01b0\u1ee3t tr\u1ed9i th\u00ec l\u1ea1i kh\u00f3 h\u01a1n nhi\u1ec1u.
\n(To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks)\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"

#Rbskienthuc Benjamin Graham l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i, ng\u01b0\u1eddi \u0111\u01b0\u1ee3c xem l\u00e0\u00a0B\u1ed1 gi\u00e0\u00a0trong l\u0129nh v\u1ef1c ph\u00e2n t\u00edch ch\u1ee9ng kho\u00e1n v\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb.\u00a0\u00dd t\u01b0\u1edfng v\u00e0 ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng \u0111\u01b0\u1ee3c tr\u00ecnh b\u00e0y r\u00f5 r\u00e0ng trong cu\u1ed1n s\u00e1ch \u201cSecurity analysis – Ph\u00e2n t\u00edch ch\u1ee9ng kho\u00e1n\u201d (1934) v\u00e0 cu\u1ed1n \u201cThe intelligent – nh\u00e0 … Continue reading “NH\u1eeeNG C\u00c2U N\u00d3I N\u1ed4I TI\u1ebeNG C\u1ee6A BENJAMIN GRAHAM”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-256","post","type-post","status-publish","format-standard","hentry","category-dau-tu"],"_links":{"self":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/posts\/256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/comments?post=256"}],"version-history":[{"count":0,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/posts\/256\/revisions"}],"wp:attachment":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/media?parent=256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/categories?post=256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/tags?post=256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}