{"id":262,"date":"2016-09-27T11:38:15","date_gmt":"2016-09-27T04:38:15","guid":{"rendered":"http:\/\/robostock.vn\/web\/?p=262"},"modified":"2016-09-27T11:38:15","modified_gmt":"2016-09-27T04:38:15","slug":"dieu-can-biet-ve-dau-tu-p2","status":"publish","type":"post","link":"https:\/\/robostock.vn\/web\/dieu-can-biet-ve-dau-tu-p2\/","title":{"rendered":"\u0110i\u1ec1u c\u1ea7n bi\u1ebft v\u1ec1 \u0111\u1ea7u t\u01b0 p2"},"content":{"rendered":"

\t\t\t\tV\u1ec1 ki\u1ebfm ti\u1ec1n<\/strong> : \u0110\u1eebng bao gi\u1edd ph\u1ee5 thu\u1ed9c v\u00e0o m\u1ed9t ngu\u1ed3n thu nh\u1eadp duy nh\u1ea5t. H\u00e3y \u0111\u1ea7u t\u01b0 \u0111\u1ec3 t\u1ea1o ra ngu\u1ed3n th\u1ee9 hai.<\/em><\/p>\n

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Buffett s\u1edf h\u1eefu nhi\u1ec1u lo\u1ea1i h\u00ecnh c\u00f4ng ty: Nh\u00e0 ga, n\u00f4ng tr\u1ea1i, c\u00f4ng ty d\u1ec7t may, nh\u00e0 b\u00e1n l\u1ebb quan tr\u1ecdng, ng\u00e2n h\u00e0ng, c\u00f4ng ty b\u1ea3o hi\u1ec3m, h\u00e3ng qu\u1ea3ng c\u00e1o, c\u00f4ng ty xi m\u0103ng, b\u00e1o ch\u00ed, \u0111\u1ed3 u\u1ed1ng v\u00e0 th\u1ef1c ph\u1ea9m, c\u00f4ng ty truy\u1ec1n h\u00ecnh v\u00e0 truy\u1ec1n h\u00ecnh c\u00e1p\u2026 \u00d4ng ki\u1ec3m so\u00e1t m\u1ed9t s\u1ed1 c\u00f4ng ty trong s\u1ed1 n\u00e0y v\u00e0 m\u1ed9t s\u1ed1 kh\u00e1c \u00f4ng \u0111\u00e3 ho\u1eb7c \u0111ang l\u00e0 m\u1ed9t c\u1ed5 \u0111\u00f4ng.<\/p>\n

Grant Cardonet\u00e1c gi\u1ea3 c\u1ee7a nhi\u1ec1u cu\u1ed1n s\u00e1ch kinh doanh trong danh s\u00e1ch \u201cbest-seller book\u201d c\u1ee7a New York Time, \u0111\u1ed3ng th\u1eddi l\u00e0 nh\u00e0 kinh doanh, chuy\u00ean gia b\u00e1n h\u00e0ng, chuy\u00ean gia t\u01b0 v\u1ea5n cho nhi\u1ec1u c\u00f4ng ty n\u1eb1m trong danh s\u00e1ch Fortune 500 (c\u00e1c c\u00f4ng ty h\u00e0ng \u0111\u1ea7u t\u1ea1i M\u1ef9) chia s\u1ebb trong cu\u1ed1n \u201c B\u00ed quy\u1ebft l\u00e0m gi\u00e0u t\u1eeb tay tr\u1eafng\u201d c\u00f3 vi\u1ebft \u201cT\u00f4i \u0111\u00e3 ki\u1ebfm \u0111\u01b0\u1ee3c thu nh\u1eadp b\u1ea3y con s\u1ed1 trong v\u00f2ng nhi\u1ec1u n\u0103m sau khi m\u1edf c\u00f4ng ty \u0111\u1ea7u ti\u00ean v\u00e0 b\u1eaft \u0111\u1ea7u \u0111\u1ea7u t\u01b0 v\u00e0o b\u1ea5t \u0111\u1ed9ng s\u1ea3n. Khi vi\u1ec7c kinh doanh b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 c\u00f4ng ty t\u01b0 v\u1ea5n b\u1eaft \u0111\u1ea7u \u1ed5n \u0111\u1ecbnh, t\u00f4i tham gia v\u00e0o l\u0129nh v\u1ef1c th\u1ee9 ba \u2013 ph\u00e1t tri\u1ec3n kinh doanh ph\u1ea7n m\u1ec1m \u0111\u1ec3 gi\u00fap c\u00e1c nh\u00e0 b\u00e1n l\u1ebb g\u00e2y \u0111\u01b0\u1ee3c thi\u1ec7n c\u1ea3m v\u1edbi kh\u00e1ch h\u00e0ng\u201d.<\/p>\n

N\u1ebfu b\u1ea1n l\u00e0 m\u1ed9t nh\u00e2n vi\u00ean v\u0103n ph\u00f2ng b\u00ecnh th\u01b0\u1eddng v\u1edbi m\u1ee9c thu nh\u1eadp b\u00ecnh th\u01b0\u1eddng \u0111\u1ee7 trang tr\u1ea3i cu\u1ed9c s\u1ed1ng, b\u1ea1n ch\u1ea5p nh\u1eadn s\u1ed1ng nh\u01b0 v\u1eady \u0111\u1ebfn cu\u1ed1i \u0111\u1eddi th\u00ec b\u1ea1n kh\u00f4ng n\u00ean \u0111\u1ecdc ti\u1ebfp b\u00e0i vi\u1ebft n\u00e0y. C\u00f2n n\u1ebfu b\u1ea1n quy\u1ebft t\u00e2m l\u00e0m gi\u00e0u th\u00ec ngay b\u00e2y gi\u1edd h\u00e3y d\u00e0nh ra m\u1ed9t kho\u1ea3n ti\u1ebft ki\u1ec7m, chung v\u1ed1n ho\u1eb7c vay m\u01b0\u1ee3n b\u1ea1n b\u00e8 l\u1eadp k\u1ebf ho\u1ea1ch kinh doanh hay l\u00e0m m\u1ed9t ngh\u1ec1 tay tr\u00e1i n\u00e0o \u0111\u00f3. Hi\u1ec7n nay, nhi\u1ec1u ch\u1ecb em v\u0103n ph\u00f2ng th\u01b0\u1eddng m\u1edf shop online kinh doanh c\u00e1c m\u1eb7t h\u00e0ng nh\u01b0: qu\u1ea7n \u00e1o, t\u00fai s\u00e1ch, m\u1ef9 ph\u1ea9m, gi\u00e0y d\u00e9p,\u2026 Nhi\u1ec1u ng\u01b0\u1eddi c\u00f3 v\u1ed1n l\u1edbn h\u01a1n th\u00ec m\u1edf qu\u00e1n caf\u00e9, nh\u00e0 h\u00e0ng hay qu\u00e1n \u0103n. T\u1ea5t nhi\u00ean s\u1ef1 th\u00e0nh c\u00f4ng c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o nhi\u1ec1u y\u1ebfu t\u1ed1 nh\u01b0ng kh\u00f4ng \u00edt ng\u01b0\u1eddi \u0111\u00e3 t\u1ea1o ra m\u1ed9t kho\u1ea3n thu nh\u1eadp kha kh\u00e1 t\u1eeb ngh\u1ec1 tay tr\u00e1i n\u00e0y.<\/p>\n

Nh\u01b0 v\u1eady \u0111\u1ec3 tr\u1edf n\u00ean th\u00e0nh c\u00f4ng v\u00e0 gi\u00e0u c\u00f3, b\u1ea1n \u0111\u1eebng tr\u00f4ng ch\u1edd v\u00e0o \u0111\u1ed3ng l\u01b0\u01a1ng h\u00e0ng th\u00e1ng c\u00f4ng ty tr\u1ea3 cho b\u1ea1n, h\u00e3y t\u00ecm hi\u1ec3u m\u1ed9t l\u0129nh v\u1ef1c v\u00e0 th\u1eed ki\u1ebfm ti\u1ec1n t\u1eeb m\u1ed9t l\u0129nh v\u1ef1c kh\u00e1c.<\/p>\n

V\u1ec1 ti\u00eau ti\u1ec1n<\/strong>:N\u1ebfu b\u1ea1n c\u1ee9 mua nh\u1eefng th\u1ee9 b\u1ea1n kh\u00f4ng c\u1ea7n th\u00ec s\u1edbm mu\u1ed9n g\u00ec b\u1ea1n c\u0169ng ph\u1ea3i b\u00e1n nh\u1eefng th\u1ee9 m\u00ecnh c\u1ea7n.<\/em><\/p>\n

Nhi\u1ec1u b\u1ea1n tr\u1ebb ng\u00e0y nay \u01b0a chu\u1ed9ng th\u1eddi trang v\u00e0 c\u00f4ng ngh\u1ec7, lu\u00f4n mu\u1ed1n c\u1eadp nh\u1eadt v\u00e0 s\u1eafm s\u1eeda cho m\u00ecnh nh\u1eefng thi\u1ebft b\u1ecb c\u00f4ng ngh\u1ec7 hay nh\u1eefng m\u1eabu th\u1eddi trang m\u1edbi nh\u1ea5t \u0111\u1ec3 b\u1eaft k\u1ecbp xu h\u01b0\u1edbng nh\u01b0ng kh\u00f4ng \u0111\u1ec3 \u00fd \u0111\u1ebfn v\u00ed ti\u1ec1n. D\u1ea7n d\u1ea7n, th\u00f3i quen n\u00e0y h\u00ecnh th\u00e0nh v\u00e0 r\u1ea5t kh\u00f3 b\u1ecf. B\u1ea1n n\u00ean hi\u1ec3u, c\u00f4ng ngh\u1ec7, th\u1eddi trang v\u00e0 nh\u1eefng th\u1ee9 kh\u00e1c lu\u00f4n lu\u00f4n \u0111\u1ed5i m\u1edbi, thay \u0111\u1ed5i. N\u1ebfu b\u1ea1n mu\u1ed1n l\u00e0m gi\u00e0u, h\u00e3y t\u1eeb b\u1ecf th\u00f3i quen \u0111\u00f3, b\u1edbt mua s\u1eafm l\u1ea1i. Ch\u1ec9 n\u00ean s\u1eafm s\u1eeda nh\u1eefng v\u1eadt d\u1ee5ng, trang ph\u1ee5c n\u00e0o th\u1eadt s\u1ef1 c\u1ea7n thi\u1ebft. Ngay ch\u00ednh Warrent Buffett, ng\u01b0\u1eddi s\u1edf h\u1eefu kh\u1ed1i t\u00e0i s\u1ea3n l\u00ean t\u1edbi 54,6 t\u1ec9 \u0111\u00f4 v\u1eabn s\u1ed1ng trong c\u0103n nh\u00e0 5 ph\u00f2ng ng\u1ee7 m\u00e0 \u00f4ng \u0111\u00e3 mua c\u00e1ch \u0111\u00e2y 55 n\u0103m v\u1edbi gi\u00e1 ch\u1ec9 31 ng\u00e0n USD.<\/p>\n

N\u1ebfu b\u1ea1n kh\u00f4ng th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c nguy\u00ean t\u1eafc tr\u00ean th\u00ec s\u1edbm mu\u1ed9n g\u00ec c\u0169ng c\u00f3 l\u00fac b\u1ea1n s\u1ebd ph\u1ea3i b\u00e1n \u0111i ch\u00ednh nh\u1eefng v\u1eadt d\u1ee5ng \u0111\u00f3 ho\u1eb7c nh\u1eefng th\u1ee9 kh\u00e1c quan tr\u1ecdng h\u01a1n ch\u00fang trong cu\u1ed9c s\u1ed1ng c\u1ee7a b\u1ea1n.<\/p>\n

V\u1ec1 ti\u1ebft ki\u1ec7m ti\u1ec1n<\/strong>:Kh\u00f4ng n\u00ean ti\u1ebft ki\u1ec7m nh\u1eefng kho\u1ea3n c\u00f2n l\u1ea1i sau chi ti\u00eau, m\u00e0 h\u00e3y ti\u00eau nh\u1eefng kho\u1ea3n c\u00f2n l\u1ea1i sau khi ti\u1ebft ki\u1ec7m.<\/em><\/p>\n

H\u00e3y v\u1ea1ch ra cho m\u00ecnh m\u1ed9t k\u1ebf ho\u1ea1ch chi ti\u00eau h\u1ee3p l\u00fd. Ch\u1eb3ng ai l\u00e0m gi\u00e0u th\u00e0nh c\u00f4ng n\u1ebfu t\u1ed1i ng\u00e0y \u0103n u\u1ed1ng, la c\u00e0 qu\u00e1n bar t\u00e1n d\u00f3c v\u1edbi b\u1ea1n b\u00e8 v\u00e0 ch\u1ea1y theo nh\u1eefng xu h\u01b0\u1edbng c\u00f4ng ngh\u1ec7. N\u1ebfu kh\u00f4ng v\u1ea1ch ra m\u1ed9t k\u1ebf ho\u1ea1ch chi ti\u00eau h\u1ee3p l\u00fd th\u00ec b\u1ea1n s\u1ebd ch\u1eb3ng m\u1ea5y ch\u1ed1c m\u00e0 ti\u00eau h\u1ebft ti\u1ec1n l\u01b0\u01a1ng c\u1ee7a m\u00ecnh. V\u1ea5n \u0111\u1ec1 \u1edf \u0111\u00e2y l\u00e0, h\u00e3y l\u00ean danh s\u00e1ch nh\u1eefng th\u1ee9 c\u1ea7n mua, c\u1ea7n chi ti\u00eau trong th\u00e1ng, s\u1ed1 d\u01b0 c\u00f2n l\u1ea1i h\u00e3y b\u1ecf v\u00e0o s\u1ed5 ti\u1ebft ki\u1ec7m.T\u00e2m l\u00fd nhi\u1ec1u ng\u01b0\u1eddi l\u00e0 khi nh\u1eadn l\u01b0\u01a1ng th\u01b0\u1eddng chi ti\u00eau v\u00e0o c\u00e1c kho\u1ea3n ti\u1ec1n kh\u00e1c sau \u0111\u00f3 d\u01b0 \u0111\u01b0\u1ee3c bao nhi\u00eau th\u00ec ti\u1ebft ki\u1ec7m. Nh\u01b0 v\u1eady, n\u1ebfu th\u00e1ng \u0111\u00f3 b\u1ea1n l\u1ee1 tay ti\u00eau qu\u00e1 s\u1ed1 ti\u1ec1n th\u00ec ch\u1eafc ch\u1eafn kho\u1ea3n ti\u1ebft ki\u1ec7m s\u1ebd b\u1eb1ng 0.<\/p>\n

B\u1ea1n c\u00f3 bi\u1ebft su\u1ed1t nh\u1eefng n\u0103m th\u01a1 \u1ea5u c\u1ee7a Buffett, \u00f4ng \u0111\u00e3 \u0111i giao b\u00e1o v\u00e0 l\u00e0m nhi\u1ec1u vi\u1ec7c v\u1eb7t kh\u00e1c \u0111\u1ec3 ki\u1ebfm ti\u1ec1n, cho \u0111\u1ebfn n\u0103m 14 tu\u1ed5i \u00f4ng \u0111\u00e3 \u0111\u1ee7 ti\u1ec1n mua m\u1ed9t trang tr\u1ea1i.<\/p>\n

\u00d4ng th\u01b0\u1eddng n\u00f3i v\u1edbi c\u00e1c con: \u201cCh\u1ec9 c\u00f3 ti\u1ebft ki\u1ec7m m\u1edbi mang l\u1ea1i s\u1ef1 gi\u00e0u sang cho b\u1ea3n th\u00e2n v\u00e0 cho ch\u00ednh \u0111\u1ea5t n\u01b0\u1edbc m\u00ecnh. \u0110\u1eebng ti\u00eau v\u00e0o nh\u1eefng th\u1ee9 v\u00f4 b\u1ed5, h\u00e3y \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng th\u1ee9 c\u00e1c con th\u1ef1c s\u1ef1 c\u1ea7n v\u00e0 c\u00f3 \u00edch. N\u1ebfu c\u00e1c con mu\u1ed1n gi\u00e0u, h\u00e3y c\u00e2n nh\u1eafc v\u00e0 t\u00ednh to\u00e1n nh\u01b0 m\u1ed9t nh\u00e0 kinh t\u1ebf \u0111\u00edch th\u1ef1c trong m\u1ecdi vi\u1ec7c\u201d.<\/p>\n

V\u1ec1 m\u1ea1o hi\u1ec3m<\/strong>:\u0110\u1eebng bao gi\u1edd th\u1eed \u0111\u1ed9 s\u00e2u c\u1ee7a d\u00f2ng s\u00f4ng b\u1eb1ng c\u1ea3 hai ch\u00e2n.<\/em><\/p>\n

V\u1ec1 ngh\u0129a \u0111en, tr\u01b0\u1edbc khi b\u01a1i b\u1ea1n n\u00ean th\u1eed \u0111\u1ed9 s\u00e2u c\u1ee7a d\u00f2ng s\u00f4ng \u0111\u1ec3 \u0111\u1ec1 ph\u00f2ng nh\u1eefng b\u1ea5t tr\u1eafc c\u00f3 th\u1ec3 x\u1ea3y ra khi g\u1eb7p n\u1ea1n. Trong cu\u1ed9c s\u1ed1ng hay kinh doanh, s\u1ebd c\u00f3 kh\u00f4ng \u00edt l\u1ea7n b\u1ea1n ph\u1ea3i m\u1ea1o hi\u1ec3m m\u1edbi c\u00f3 th\u00e0nh c\u00f4ng, nh\u01b0ng \u0111\u1eebng m\u1ea1o hi\u1ec3m v\u1edbi t\u1ea5t c\u1ea3 nh\u1eefng g\u00ec m\u00ecnh c\u00f3.Ph\u1ea3i th\u1eadt ki\u00ean nh\u1eabn ch\u1edd \u0111\u1ee3i m\u1ed9t d\u1ef1 \u00e1n th\u1eadt t\u1ed1t xu\u1ea5t hi\u1ec7n, v\u00e0 d\u00f9 n\u00f3 c\u00f3 xu\u1ea5t hi\u1ec7n \u0111i ch\u0103ng n\u1eefa, c\u0169ng ph\u1ea3i nh\u1edb r\u1eb1ng, d\u1ef1 \u00e1n kh\u00f4ng quan tr\u1ecdng b\u1eb1ng nh\u1eefng ng\u01b0\u1eddi v\u1eadn h\u00e0nh n\u00f3, ch\u00ednh \u00f4ng c\u0169ng \u0111\u01b0a ra l\u1eddi khuy\u00ean \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t ch\u00e2n l\u00fd cho t\u1ea5t c\u1ea3 c\u00e1c t\u1ef7 ph\u00fa n\u1ed5i ti\u1ebfng kh\u00e1c \u201cM\u1ea5t 20 n\u0103m \u0111\u1ec3 g\u00e2y d\u1ef1ng danh ti\u1ebfng nh\u01b0ng ch\u1ec9 m\u1ea5t 5 ph\u00fat \u0111\u1ec3 h\u1ee7y ho\u1ea1i n\u00f3\u201d.<\/p>\n

V\u1ec1 \u0111\u1ea7u t\u01b0<\/strong>:\u0110\u1eebng bao gi\u1edd cho h\u1ebft t\u1ea5t c\u1ea3 s\u1ed1 tr\u1ee9ng v\u00e0o m\u1ed9t r\u1ed5.<\/em><\/p>\n

\u0110\u1ea7u t\u01b0 kinh doanh l\u00e0 \u0111\u00fang nh\u01b0ng \u0111\u1eebng bao gi\u1edd b\u1ecf h\u1ebft t\u1ea5t c\u1ea3 s\u1ed1 ti\u1ec1n m\u00ecnh c\u00f3 v\u00e0o m\u1ed9t d\u1ef1 \u00e1n kinh doanh m\u00e0 theo b\u1ea1n c\u00f2n m\u1edbi m\u1ebb hay kh\u00f4ng ch\u1eafc ch\u1eafn.N\u1ed5i ti\u1ebfng l\u00e0 t\u1ef7 ph\u00fa trong ng\u00e0nh \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n, Warren Buffett l\u00e0 m\u1ed9t ng\u01b0\u1eddi c\u00f3 \u0111\u1ea7u \u00f3c kinh doanh h\u1ebft s\u1ee9c nh\u1ea1y b\u00e9n v\u00e0 t\u1eadn d\u1ee5ng th\u1eddi c\u01a1 ch\u1edbp nho\u00e1ng. Nh\u01b0 ch\u00ednh t\u00e1c gi\u1ea3 c\u1ee7a cu\u1ed1n s\u00e1ch tr\u00ean c\u0169ng l\u00e0 m\u1ed9t nh\u00e0 kinh doanh, \u00f4ng ta \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed7i ng\u00e0nh m\u1ed9t ch\u00fat. Khi ng\u00e0nh n\u00e0y g\u1eb7p kh\u00f3 kh\u0103n c\u00f3 th\u1ec3 l\u1ea5y v\u1ed1n \u1edf ng\u00e0nh kh\u00e1c \u0111\u1ec3 h\u1ed7 tr\u1ee3. Nhi\u1ec1u t\u1eadp \u0111o\u00e0n, c\u00f4ng ty l\u1edbn \u0111\u1ec1u t\u1eadp trung ph\u00e1t tri\u1ec3n \u0111a ng\u00e0nh, ngh\u1ec1.<\/p>\n

V\u1ec1 s\u1ef1 k\u00ec v\u1ecdng<\/strong>:Trung th\u1ef1c l\u00e0 m\u1ed9t m\u00f3n qu\u00e0 v\u00f4 c\u00f9ng \u0111\u1eaft gi\u00e1 v\u00e0 \u0111\u1eebng mong ch\u1edd ch\u00fang t\u1eeb nh\u1eefng k\u1ebb r\u1ebb ti\u1ec1n.<\/em><\/p>\n

\u00d4ng cha ta c\u00f3 c\u00e2u \u201cCh\u1ecdn b\u1ea1n m\u00e0 ch\u01a1i\u201d, trong kinh doanh c\u0169ng v\u1eady. Ch\u1ecdn \u0111\u1ed1i t\u00e1c kinh doanh l\u00e0 m\u1ed9t v\u1ea5n \u0111\u1ec1 quan tr\u1ecdng, n\u1ebfu b\u1ea1n kh\u00f4ng tin t\u01b0\u1edfng ai \u0111\u00f3 th\u00ec \u0111\u1eebng n\u00ean h\u1ee3p t\u00e1c v\u1edbi anh ta, kinh doanh th\u00e0nh c\u00f4ng c\u1ea7n c\u00f3 s\u1ef1 tin t\u01b0\u1edfng xu\u1ea5t ph\u00e1t t\u1eeb hai ph\u00eda, \u0111\u00f4i khi ch\u00ednh s\u1ef1 tin t\u01b0\u1edfng l\u00e0m n\u00ean th\u00e0nh c\u00f4ng ch\u1ee9 kh\u00f4ng ph\u1ea3i m\u1ed9t y\u1ebfu t\u1ed1 n\u00e0o kh\u00e1c.<\/p>\n

\u1ede \u0111\u00e2y kh\u00f4ng c\u00f3 ngh\u0129a b\u1ea1n kh\u00f4ng n\u00ean tin t\u01b0\u1edfng ai \u0111\u00f3. Nh\u1eefng ng\u01b0\u1eddi th\u01b0\u1eddng xuy\u00ean th\u1ea5t h\u1ee9a, mi\u1ec7ng n\u00f3i m\u00e0 tay kh\u00f4ng l\u00e0m th\u00ec b\u1ea1n \u0111\u1eebng n\u00ean trong ch\u1edd l\u00e0m g\u00ec. Nhi\u1ec1u ng\u01b0\u1eddi v\u00ec qu\u00e1 tin t\u01b0\u1edfng v\u00e0 k\u00ec v\u1ecdng v\u00e0o \u201c\u0111\u1ed1i t\u00e1c n\u00e0y\u201d m\u00e0 l\u00e2m v\u00e0o c\u1ea3nh ph\u00e1 s\u1ea3n, n\u1ee3 n\u1ea7n ch\u1ed3ng ch\u1ea5t.<\/p>\n

NH\u1eeeNG L\u1edcI KHUY\u1ec2N C\u1ee6A W.BUFFETT<\/strong><\/p>\n

1.<\/b>S\u1ebd l\u00e0 kh\u00f4n ngoan h\u01a1n nhi\u1ec1u n\u1ebfu mua \u0111\u01b0\u1ee3c m\u1ed9t c\u00f4ng ty tuy\u1ec7t v\u1eddi v\u1edbi m\u1ee9c gi\u00e1 v\u1eeba ph\u1ea3i, h\u01a1n l\u00e0 mua m\u1ed9t c\u00f4ng ty v\u1eeba ph\u1ea3i v\u1edbi m\u1ed9t m\u1ee9c gi\u00e1 tuy\u1ec7t v\u1eddi.
\n<\/b><\/p>\n

2.\u00a0<\/b>Ranh gi\u1edbi v\u1ed1n \u0111\u00e3 kh\u00f4ng bao gi\u1edd s\u00e1ng s\u1ee7a v\u00e0 r\u00f5 r\u00e0ng gi\u1eefa \u0111\u1ea7u t\u01b0 v\u00e0 \u0111\u1ea7u c\u01a1, c\u00e0ng tr\u1edf n\u00ean m\u1edd nh\u1ea1t khi c\u00e1c nh\u00e0 tham gia th\u1ecb tr\u01b0\u1eddng g\u1ea7n \u0111\u00e2y h\u01b0\u1edfng th\u1eafng l\u1ee3i. Kh\u00f4ng g\u00ec che m\u1edd l\u1ebd ph\u1ea3i nh\u01b0 nh\u1eefng kho\u1ea3n ti\u1ec1n l\u1edbn kh\u00f4ng ph\u1ea3i c\u1ed1 g\u1eafng nhi\u1ec1u m\u00e0 c\u00f3. M\u1ed9t khi \u0111\u00e3 tr\u1ea3i qua s\u1ef1 ki\u1ebfm ti\u1ec1n d\u1ec5 d\u00e0ng nh\u01b0 th\u1ebf, nh\u1eefng ng\u01b0\u1eddi b\u00ecnh th\u01b0\u1eddng v\u1ed1n d\u0129 nh\u1ea1y c\u1ea3m s\u1ebd r\u01a1i v\u00e0o c\u00e1ch h\u00e0nh x\u1eed gi\u1ed1ng nh\u01b0 n\u00e0ng L\u1ecd Lem \u1edf ph\u00f2ng khi\u00eau v\u0169. H\u1ecd bi\u1ebft r\u1eb1ng, \u1edf l\u1ea1i qu\u00e1 l\u00e2u trong \u0111\u00eam h\u1ed9i \u2013 c\u0169ng gi\u1ed1ng nh\u01b0 vi\u1ec7c ti\u1ebfp t\u1ee5c \u0111\u1ea7u c\u01a1 v\u00e0o nh\u1eefng c\u00f4ng ty c\u00f3 m\u1ee9c gi\u00e1 c\u1ed5 phi\u1ebfu qu\u00e1 l\u1edbn so v\u1edbi m\u1ee9c l\u1ee3i nhu\u1eadn m\u00e0 h\u1ecd c\u00f3 th\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c trong t\u01b0\u01a1ng lai \u2013 r\u1ed1t c\u1ee5c s\u1ebd ch\u1ec9 \u0111em \u0111\u1ebfn qu\u1ea3 b\u00ed ng\u00f4 v\u00e0 nh\u1eefng ch\u00fa chu\u1ed9t. Tuy nhi\u00ean, h\u1ecd v\u1eabn kh\u00f4ng mu\u1ed1n b\u1ecf l\u1ee1 m\u1ed9t ph\u00fat n\u00e0o c\u1ee7a bu\u1ed5i ti\u1ec7c \u0111\u00e1ng s\u1ee3 \u0111\u00f3. B\u1edfi th\u1ebf, t\u1ea5t c\u1ea3 nh\u1eefng ng\u01b0\u1eddi tham gia nh\u1eb9 d\u1ea1 \u0111\u1ec1u c\u00f3 k\u1ebf ho\u1ea1ch r\u1eddi b\u1ecf bu\u1ed5i ti\u1ec7c ch\u1ec9 v\u00e0i gi\u00e2y tr\u01b0\u1edbc khi \u0111\u1ed3ng h\u1ed3 \u0111i\u1ec3m 12 gi\u1edd. Nh\u01b0ng l\u1ea1i c\u00f3 m\u1ed9t v\u1ea5n \u0111\u1ec1: H\u1ecd \u0111ang khi\u00eau v\u0169 trong m\u1ed9t c\u0103n ph\u00f2ng m\u00e0 nh\u1eefng chi\u1ebfc \u0111\u1ed3ng h\u1ed3 \u1edf \u0111\u00f3 kh\u00f4ng c\u00f3 kim (b\u00ecnh lu\u1eadn v\u1ec1 \u0111\u1ea7u c\u01a1 v\u00e0 \u0111\u1ea7u t\u01b0)<\/p>\n

3.\u00a0<\/b>Ph\u1ed1 Wall l\u00e0 n\u01a1i duy nh\u1ea5t m\u00e0 nh\u1eefng ng\u01b0\u1eddi \u0111i xe Rolls-Royce xin l\u1eddi khuy\u00ean t\u1eeb nh\u1eefng ng\u01b0\u1eddi \u0111i t\u00e0u \u0111i\u1ec7n ng\u1ea7m\u201d.( n\u00f3i v\u1ec1 vi\u1ec7c c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e0u c\u00f3 ph\u1ea3i xin t\u01b0 v\u1ea5n t\u1eeb nh\u1eefng nh\u00e2n vi\u00ean m\u00f4i gi\u1edbi)<\/p>\n

4.<\/b>\u201cB\u1ea1n kh\u00f4ng c\u1ea7n ph\u1ea3i l\u00e0 m\u1ed9t nh\u00e0 khoa h\u1ecdc t\u00ean l\u1eeda. \u0110\u1ea7u t\u01b0 kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t tr\u00f2 ch\u01a1i m\u00e0 m\u1ed9t g\u00e3 v\u1edbi ch\u1ec9 s\u1ed1 IQ 160 th\u1eafng m\u1ed9t g\u00e3 c\u00f3 ch\u1ec9 s\u1ed1 IQ 130\u201d- n\u00f3i v\u1ec1 s\u1ef1 li\u00ean h\u1ec7 gi\u1eefa th\u00f4ng minh v\u00e0 \u0111\u1ea7u t\u01b0 gi\u1ecfi.<\/p>\n

5.\u00a0<\/b>Tr\u01b0\u1edbc \u0111\u00e2y, ng\u00e0i Isaac Newton \u0111\u00e3 \u0111em \u0111\u1ebfn cho ch\u00fang ta 3 \u0111\u1ecbnh lu\u1eadt v\u1ec1 chuy\u1ec3n \u0111\u1ed9ng. \u0110\u00f3 l\u00e0 s\u1ea3n ph\u1ea9m c\u1ee7a thi\u00ean t\u00e0i. Nh\u01b0ng t\u00e0i n\u0103ng thi\u00ean b\u1ea9m c\u1ee7a ng\u00e0i Isaac kh\u00f4ng bao ph\u1ee7 \u0111\u01b0\u1ee3c l\u0129nh v\u1ef1c \u0111\u1ea7u t\u01b0. \u00d4ng \u1ea5y \u0111\u00e3 l\u1ed7 n\u1eb7ng khi \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu c\u1ee7a h\u00e3ng v\u1eadn t\u1ea3i South Sea v\u00e0 \u0111\u00e3 l\u00fd gi\u1ea3i v\u1ec1 thua l\u1ed7 n\u00e0y r\u1eb1ng: \u2018T\u00f4i c\u00f3 th\u1ec3 t\u00ednh to\u00e1n \u0111\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ed9ng c\u1ee7a c\u00e1c ng\u00f4i sao, nh\u01b0ng kh\u00f4ng l\u01b0\u1eddng \u0111\u01b0\u1ee3c s\u1ef1 \u0111i\u00ean r\u1ed3 c\u1ee7a con ng\u01b0\u1eddi\u2019. N\u1ebfu kh\u00f4ng b\u1ecb t\u1ed5n th\u01b0\u01a1ng b\u1edfi l\u1ea7n thua l\u1ed7 n\u00e0y, ng\u00e0i Isaac c\u00f3 th\u1ec3 \u0111\u00e3 ngh\u0129 ra \u0111\u1ecbnh lu\u1eadt chuy\u1ec3n \u0111\u1ed9ng th\u1ee9 t\u01b0:\u00a0\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00f3i chung, l\u1ee3i nhu\u1eadn gi\u1ea3m khi chuy\u1ec3n \u0111\u1ed9ng t\u0103ng <\/b>\u2013 n\u00f3i v\u1ec1 s\u1ef1 \u201c\u0111\u1ee9ng n\u00fai n\u00e0y tr\u00f4ng n\u00fai n\u1ecd c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0\u201d.<\/p>\n

TI\u1ebeP<\/p>\n

1. Nh\u1eefng ng\u01b0\u1eddi h\u1ea1nh ph\u00fac nh\u1ea5t kh\u00f4ng c\u1ea7n thi\u1ebft ph\u1ea3i c\u00f3 nh\u1eefng th\u1ee9 t\u1ed1t nh\u1ea5t. H\u1ecd ch\u1ec9 \u0111\u01a1n gi\u1ea3n th\u01b0\u1edfng th\u1ee9c nh\u1eefng th\u1ee9 h\u1ecd c\u00f3.<\/p>\n

2.\u00a0 Ki\u1ebfn th\u1ee9c c\u01a1 b\u1ea3n trong ng\u00e0nh \u0111\u1ea7u t\u01b0 l\u00e0 xem c\u1ed5 phi\u1ebfu nh\u01b0 nh\u1eefng m\u00f3n h\u00e0ng kinh doanh, d\u00f9ng t\u00ednh dao \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u1ea1o l\u1ee3i th\u1ebf cho m\u00ecnh, v\u00e0 t\u00ecm ki\u1ebfm bi\u00ean \u0111\u1ed9 an to\u00e0n. \u0110\u00f3 l\u00e0 \u0111i\u1ec1u \u00f4ng Ben Graham \u0111\u00e3 d\u1ea1y t\u00f4i. M\u1ed9t th\u1ebf k\u1ec9 qua n\u00f3 v\u1eabn l\u00e0 kim ch\u1ec9 nam trong ng\u00e0nh \u0111\u1ea7u t\u01b0 (Benjamin Graham \u2013 s\u01b0 t\u1ed5 tr\u01b0\u1eddng ph\u00e1i \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb)<\/p>\n

3. N\u1ebfu l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ea1n h\u00e3y t\u1eadp trung v\u00e0o vi\u1ec7c c\u00f4ng ty \u0111\u00f3 s\u1ebd ho\u1ea1t \u0111\u1ed9ng kinh doanh nh\u01b0 th\u1ebf n\u00e0o. N\u1ebfu l\u00e0 nh\u00e0 \u0111\u1ea7u c\u01a1, b\u1ea1n h\u00e3y quan t\u00e2m \u0111\u1ebfn gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u1ee7a n\u00f3, v\u00e0 \u0111\u00f3 kh\u00f4ng ph\u1ea3i l\u00e0 c\u00e1ch l\u00e0m hay cu\u1ed9c ch\u01a1i c\u1ee7a ch\u00fang t\u00f4i<\/p>\n

4. Th\u1eddi gian l\u00e0 k\u1ebb th\u00f9 c\u1ee7a nh\u1eefng doanh nghi\u1ec7p l\u00e0m \u0103n thua l\u1ed7 v\u00e0 l\u00e0 b\u1ea1n c\u1ee7a doanh nghi\u1ec7p \u0111ang \u0103n n\u00ean l\u00e0m ra. N\u1ebfu doanh nghi\u1ec7p b\u1ea1n \u0111\u1ea7u t\u01b0 c\u00f3 t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu 20-25%, th\u1eddi gian l\u00e0 b\u1ea1n c\u1ee7a b\u1ea1n. N\u1ebfu t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn c\u1ee7a doanh nghi\u1ec7p th\u1ea5p h\u01a1n m\u1ee9c b\u1ea1n mong mu\u1ed1n th\u00ec th\u1eddi gian l\u00e0 k\u1ebb th\u00f9 c\u1ee7a b\u1ea1n.<\/p>\n

5. T\u00f4i kh\u00f4ng th\u00edch nh\u1ea3y qua b\u1ee9c r\u00e0o cao 2 m\u00e9t. T\u00f4i ch\u1ec9 t\u00ecm b\u1ee9c r\u00e0o 30 cm \u0111\u1ec3 c\u00f3 th\u1ec3 b\u01b0\u1edbc qua<\/p>\n

6. Ch\u00fang t\u00f4i c\u00f3 th\u1ec3 n\u1ed7 l\u1ef1c \u0111\u1ec3 m\u1ea5t ti\u1ec1n, th\u1eadm ch\u00ed r\u1ea5t nhi\u1ec1u ti\u1ec1n, nh\u01b0ng ch\u00fang t\u00f4i kh\u00f4ng th\u1ec3 \u0111\u1ec3 m\u1ea5t danh ti\u1ebfng, th\u1eadm ch\u00ed ch\u1ec9 m\u1ed9t ch\u00fat danh ti\u1ebfng. C\u1ea7n 20 n\u0103m \u0111\u1ec3 x\u00e2y d\u1ef1ng danh ti\u1ebfng nh\u01b0ng ch\u1ec9 c\u1ea7n 5 ph\u00fat l\u00e0 c\u00f3 th\u1ec3 h\u1ee7y ho\u1ea1i n\u00f3<\/p>\n

7. Xem c\u00f4ng vi\u1ec7c b\u1ea1n l\u00e0m nh\u01b0 th\u1ec3 \u0111\u00f3 l\u00e0 t\u00e0i s\u1ea3n duy nh\u1ea5t c\u1ee7a gia \u0111\u00ecnh b\u1ea1n, m\u1ed9t th\u1ee9 ph\u1ea3i ho\u1ea1t \u0111\u1ed9ng cho 50 n\u0103m t\u1edbi v\u00e0 kh\u00f4ng bao gi\u1edd \u0111\u01b0\u1ee3c b\u00e1n \u0111i<\/p>\n

8. S\u1ebd t\u1ed1t h\u01a1n r\u1ea5t nhi\u1ec1u n\u1ebfu mua m\u1ed9t c\u00f4ng ty tuy\u1ec7t v\u1eddi \u1edf m\u1ed9t m\u1ee9c gi\u00e1 v\u1eeba ph\u1ea3i, thay v\u00ec mua m\u1ed9t c\u00f4ng ty v\u1eeba ph\u1ea3i v\u1edbi m\u1ed9t m\u1ee9c gi\u00e1 tuy\u1ec7t v\u1eddi. (t\u1ed1t h\u01a1n ch\u1ee9 kh\u00f4ng ph\u1ea3i l\u00e0 kh\u00f4ng n\u00ean mua nh\u00e9).<\/p>\n

9. S\u1ebd l\u00e0 v\u00f4 gi\u00e1 n\u1ebfu trong kh\u1ee7ng ho\u1ea3ng, ta v\u1eeba c\u00f3 ti\u1ec1n l\u1ea1i v\u1eeba c\u00f3 l\u00f2ng d\u0169ng c\u1ea3m<\/p>\n

10. \u0110\u1eebng bao gi\u1edd ki\u1ec3m tra \u0111\u1ed9 s\u00e2u c\u1ee7a m\u1ed9t con s\u00f4ng b\u1eb1ng c\u1ea3 hai b\u00e0n ch\u00e2n c\u1ee7a b\u1ea1n<\/p>\n

\n

John Reed \u0111\u00e3 vi\u1ebft trong cu\u1ed1n s\u00e1ch \u201cSucceeding\u201d c\u1ee7a m\u00ecnh r\u1eb1ng: Khi b\u1ea1n b\u1eaft \u0111\u1ea7u nghi\u00ean c\u1ee9u v\u1ec1 m\u1ed9t l\u0129nh v\u1ef1c n\u00e0o \u0111\u00f3, d\u01b0\u1eddng nh\u01b0 b\u1ea1n c\u1ea7n ph\u1ea3i nh\u1edb r\u1ea5t nhi\u1ec1u th\u1ee9. Nh\u01b0ng th\u1ef1c t\u1ebf kh\u00f4ng c\u1ea7n ph\u1ea3i v\u1eady. Nh\u1eefng g\u00ec b\u1ea1n c\u1ea7n l\u00e0m l\u00e0 x\u00e1c \u0111\u1ecbnh c\u00e1c nguy\u00ean t\u1eafc c\u1ed1t l\u00f5i \u2013 trong \u0111\u00f3 t\u1eeb 3 \u0111\u1ebfn 12 nguy\u00ean t\u1eafc s\u1ebd chi ph\u1ed1i l\u0129nh v\u1ef1c n\u00e0y. Nh\u01b0 v\u1eady, c\u1ea3 tri\u1ec7u th\u1ee9 b\u1ea1n c\u1ea7n ph\u1ea3i nh\u1edb ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 c\u00e1c k\u1ebft h\u1ee3p kh\u00e1c nhau c\u1ee7a nh\u1eefng nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n \u0111\u00f3.<\/p>\n

Theo \u0111\u00f3, Morgan Housel c\u0169ng r\u00fat ra 5 nguy\u00ean t\u1eafc gi\u00fap b\u1ea1n hi\u1ec3u th\u00eam v\u1ec1 l\u0129nh v\u1ef1c \u0111\u1ea7u t\u01b0:<\/p>\n

1. L\u00e3i k\u00e9p l\u00e0 nh\u1eefng g\u00ec l\u00e0m b\u1ea1n gi\u00e0u l\u00ean. V\u00e0 n\u00f3 t\u1ed1n th\u1eddi gian.<\/p>\n

Warren Buffet l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ea7m c\u1ee1, nh\u01b0ng \u0111i\u1ec1u l\u00e0m \u00f4ng ta gi\u00e0u c\u00f3 ch\u00ednh l\u00e0 vi\u1ec7c \u00f4ng \u0111\u00e3 \u0111\u1ea7u t\u01b0 trong kho\u1ea3ng th\u1eddi gian hai ph\u1ea7n ba th\u1ebf k\u1ef7. Trong s\u1ed1 t\u00e0i s\u1ea3n hi\u1ec7n t\u1ea1i 60 t\u1ef7 USD c\u1ee7a \u00f4ng, 59.7 t\u1ef7 USD \u0111\u01b0\u1ee3c th\u00eam v\u00e0o sau sinh nh\u1eadt l\u1ea7n th\u1ee9 50, v\u00e0 57 t\u1ef7 USD \u0111\u1ebfn v\u1edbi \u00f4ng l\u00e0 sau n\u0103m \u00f4ng 60 tu\u1ed5i. N\u1ebfu Buffet b\u1eaft \u0111\u1ea7u ti\u1ebft ki\u1ec7m t\u1eeb nh\u1eefng n\u0103m 30 tu\u1ed5i, v\u00e0 v\u1ec1 h\u01b0u v\u00e0o nh\u1eefng n\u0103m 60, b\u1ea1n s\u1ebd ch\u1eb3ng bao gi\u1edd nghe n\u00f3i v\u1ec1 \u00f4ng. B\u00ed m\u1eadt c\u1ee7a \u00f4ng \u1ea5y ch\u00ednh l\u00e0 th\u1eddi gian.<\/p>\n

H\u1ea7u h\u1ebft m\u1ecdi ng\u01b0\u1eddi kh\u00f4ng b\u1eaft \u0111\u1ea7u ti\u1ebft ki\u1ec7m v\u1edbi s\u1ed1 l\u01b0\u1ee3ng l\u1edbn cho \u0111\u1ebfn khi m\u1ed9t ho\u1eb7c hai th\u1eadp k\u1ef7 tr\u01b0\u1edbc khi v\u1ec1 h\u01b0u \u2013 \u0111i\u1ec1u n\u00e0y gi\u1edbi h\u1ea1n s\u1ee9c m\u1ea1nh c\u1ee7a l\u00e3i k\u00e9p \u2013 v\u00e0 b\u1ea1n ch\u1eb3ng th\u1ec3 n\u00e0o thay \u0111\u1ed5i n\u00f3 c\u1ea3. \u0110\u00e2y ch\u00ednh l\u00e0 l\u1eddi nh\u1eafc nh\u1edf t\u1ed1t v\u1ec1 t\u1ea7m quan tr\u1ecdng c\u1ee7a n\u00f3 \u0111\u1ec3 d\u1ea1y cho gi\u1edbi tr\u1ebb ng\u00e0y nay bi\u1ebft ti\u1ebft ki\u1ec7m c\u00e0ng s\u1edbm c\u00e0ng t\u1ed1t.<\/p>\n

2. Bi\u1ebfn l\u1edbn duy nh\u1ea5t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn ch\u00ednh l\u00e0 \u0111\u1ecbnh gi\u00e1 \u2013 v\u00e0 b\u1ea1n ch\u1eb3ng th\u1ec3 bi\u1ebft \u0111\u01b0\u1ee3c n\u00f3 s\u1ebd nh\u01b0 th\u1ebf n\u00e0o<\/p>\n

L\u1ee3i nhu\u1eadn th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng lai s\u1ebd b\u1eb1ng t\u1ef7 su\u1ea5t c\u1ed5 t\u1ee9c + t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng thu nh\u1eadp +\/- s\u1ef1 thay \u0111\u1ed5i trong h\u1ec7 s\u1ed1 gi\u00e1\/thu nh\u1eadp (\u0111\u1ecbnh gi\u00e1).<\/p>\n

Ch\u00fang ta \u0111\u1ec1u bi\u1ebft, t\u1ef7 su\u1ea5t c\u1ed5 t\u1ee9c hi\u1ec7n t\u1ea1i kho\u1ea3ng 2%, v\u00e0 m\u1ed9t d\u1ef1 \u0111o\u00e1n h\u1ee3p l\u00fd cho t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng thu nh\u1eadp trong t\u01b0\u01a1ng lai v\u00e0o kho\u1ea3ng 5% m\u1ed7i n\u0103m. V\u1eady s\u1ef1 thay \u0111\u1ed5i trong t\u1ef7 s\u1ed1 gi\u00e1\/thu nh\u1eadp th\u00ec sao? \u0110i\u1ec1u n\u00e0y kh\u00f4ng th\u1ec3 bi\u1ebft tr\u01b0\u1edbc \u0111\u01b0\u1ee3c.<\/p>\n

H\u1ec7 s\u1ed1 gi\u00e1\/thu nh\u1eadp (t\u1ef7 s\u1ed1 P\/E) ph\u1ea3n \u00e1nh th\u00e1i \u0111\u1ed9 c\u1ee7a m\u1ecdi ng\u01b0\u1eddi v\u1ec1 t\u01b0\u01a1ng lai. V\u00e0 ch\u1eb3ng c\u00f3 c\u00e1ch n\u00e0o c\u00f3 th\u1ec3 bi\u1ebft \u0111\u01b0\u1ee3c h\u1ecd \u0111ang v\u00e0 s\u1ebd ngh\u0129 g\u00ec v\u1ec1 t\u01b0\u01a1ng lai trong t\u01b0\u01a1ng lai. N\u1ebfu m\u1ed9t v\u00e0i ng\u01b0\u1eddi n\u00f3i \u201cT\u00f4i cho r\u1eb1ng h\u1ea7u h\u1ebft m\u1ecdi ng\u01b0\u1eddi s\u1ebd c\u00f3 t\u00e2m tr\u1ea1ng t\u1ed1t h\u01a1n kho\u1ea3ng 10% trong n\u0103m 2023\u201d, ch\u00fang ta s\u1ebd n\u00f3i h\u1ecd \u1ea3o t\u01b0\u1edfng. Nh\u01b0ng m\u1ed9t v\u00e0i ng\u01b0\u1eddi l\u00e0m \u0111i\u1ec1u t\u01b0\u01a1ng t\u1ef1 b\u1eb1ng c\u00e1ch l\u1eadp k\u1ebf ho\u1ea1ch l\u1ee3i nhu\u1eadn th\u1ecb tr\u01b0\u1eddng trong 10 n\u0103m, ch\u00fang ta g\u1ecdi h\u1ecd l\u00e0 nh\u1eefng nh\u00e0 ph\u00e2n t\u00edch.<\/p>\n

3. \u0110\u01a1n gi\u1ea3n th\u00ec th\u01b0\u1eddng t\u1ed1t h\u01a1n th\u00f4ng minh<\/p>\n

V\u00e0i ng\u01b0\u1eddi mua m\u1ed9t qu\u1ef9 ch\u1ec9 s\u1ed1 S&P 500 gi\u00e1 r\u1ebb trong n\u0103m 2003 v\u00e0 ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn 97% cu\u1ed1i n\u0103m 2012. \u0110i\u1ec1u n\u00e0y th\u1eadt tuy\u1ec7t, v\u00e0 h\u1ecd kh\u00f4ng c\u1ea7n ph\u1ea3i bi\u1ebft m\u1ed9t t\u00ed g\u00ec v\u1ec1 qu\u1ea3n tr\u1ecb danh m\u1ee5c, hay ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt ho\u1eb7c \u0111\u01b0\u1ee3c t\u01b0 v\u1ea5n.<\/p>\n

Trong khi \u0111\u00f3, trung b\u00ecnh c\u00e1c qu\u1ef9 ph\u00f2ng ng\u1eeba tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u1ed1n tr\u00ean m\u1ee9c trung b\u00ecnh m\u1ea5t kho\u1ea3ng 4,7% gi\u00e1 tr\u1ecb c\u1ee7a n\u00f3 trong kho\u1ea3ng th\u1eddi gian t\u01b0\u01a1ng \u0111\u01b0\u01a1ng, theo d\u1eef li\u1ec7u t\u1eeb Qu\u1ef9 Ph\u00f2ng Ng\u1eeba Ch\u1ec9 s\u1ed1 Dow Jones c\u1ee7a ng\u00e2n h\u00e0ng Credit Suisse. Trung b\u00ecnh c\u00e1c qu\u1ef9 ph\u00f2ng ng\u1eeba \u1edf v\u1ecb th\u1ebf mua\/ b\u00e1n c\u1ed5 phi\u1ebfu sinh l\u1eddi kho\u1ea3ng 96% t\u1ed5ng l\u1ee3i nhu\u1eadn \u2013 m\u1eb7c d\u00f9 v\u1eabn \u00edt h\u01a1n so v\u1edbi qu\u1ef9 ch\u1ec9 s\u1ed1.<\/p>\n

\u0110\u1ea7u t\u01b0 kh\u00f4ng gi\u1ed1ng nh\u01b0 m\u1ed9t c\u00e1i m\u00e1y t\u00ednh: \u0110\u01a1n gi\u1ea3n v\u00e0 c\u01a1 b\u1ea3n c\u00f3 th\u1ec3 c\u00f2n quy\u1ec1n n\u0103ng h\u01a1n ph\u1ee9c t\u1ea1p v\u00e0 ti\u00ean ti\u1ebfn. V\u00e0 n\u00f3 kh\u00f4ng gi\u1ed1ng nh\u01b0 ch\u01a1i g\u00f4n: Ng\u01b0\u1eddi quan s\u00e1t c\u00f3 c\u01a1 h\u1ed9i t\u1ed1t \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 th\u1ea5p thu\u1eadn l\u1ee3i.<\/p>\n

4. T\u1ef7 l\u1ec7 c\u01b0\u1ee3c c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n tr\u1ea3i qua bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh l\u00e0 100%<\/p>\n

H\u1ea7u h\u1ebft c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec1u hi\u1ec3u r\u1eb1ng ch\u1ee9ng kho\u00e1n s\u1ebd cho l\u1ee3i nhu\u1eadn d\u00e0i h\u1ea1n cao h\u01a1n, nh\u01b0ng chi ph\u00ed cho bi\u1ebfn \u0111\u1ed9ng c\u0169ng cao h\u01a1n.<\/p>\n

Tuy nhi\u00ean, m\u1ed7i l\u1ea7n d\u1ea5u hi\u1ec7u bi\u1ebfn \u0111\u1ed9ng xu\u1ea5t hi\u1ec7n, c\u00e2u n\u00f3i ch\u00fang ta th\u01b0\u1eddng nghe t\u1eeb c\u1ed9ng \u0111\u1ed3ng c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 l\u00e0: \u201c\u0110i\u1ec1u g\u00ec \u0111ang x\u1ea3y ra?!\u201d. Th\u00fa v\u1ecb h\u01a1n, ch\u00edn tr\u00ean m\u01b0\u1eddi l\u1ea7n, c\u00e2u tr\u1ea3 l\u1eddi \u0111\u00fang nh\u1ea5t lu\u00f4n l\u00e0: Ch\u1eb3ng c\u00f3 g\u00ec c\u1ea3. \u0110\u00e2y ch\u1ec9 l\u00e0 \u0111i\u1ec1u m\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n l\u00e0m.<\/p>\n

T\u1eeb n\u0103m 1990, ch\u1ec9 s\u1ed1 S&P 500 duy tr\u00ec m\u1ee9c 6% m\u1ed9t n\u0103m, nh\u01b0ng s\u1ef1 kh\u00e1c bi\u1ec7t trung b\u00ecnh gi\u1eefa gi\u00e1 \u0111\u00f3ng c\u1eeda cao nh\u1ea5t v\u00e0 th\u1ea5p nh\u1ea5t trong b\u1ea5t k\u1ef3 n\u0103m n\u00e0o l\u00e0 23%. H\u00e3y nh\u1edb r\u1eb1ng, n\u1ebfu trong th\u1eddi gian t\u1edbi ai \u0111\u00f3 c\u1ed1 g\u1eafng gi\u1ea3i th\u00edch l\u00fd do t\u1ea1i sao th\u1ecb tr\u01b0\u1eddng t\u0103ng ho\u1eb7c gi\u1ea3m m\u1ed9t v\u00e0i \u0111i\u1ec3m ph\u1ea7n tr\u0103m \u2013 v\u1ec1 c\u01a1 b\u1ea3n c\u0169ng gi\u1ed1ng nh\u01b0 gi\u1ea3i th\u00edch t\u1ea1i sao m\u00f9a h\u00e8 \u0111\u1ebfn sau m\u00f9a xu\u00e2n v\u1eady.<\/p>\n

M\u1ed9t s\u1ed1 ng\u01b0\u1eddi t\u1eebng h\u1ecfi J.P. Morgan r\u1eb1ng th\u1ecb tr\u01b0\u1eddng s\u1ebd l\u00e0m g\u00ec. \u201cN\u00f3 s\u1ebd dao \u0111\u1ed9ng\u201d, nghe n\u00f3i \u00f4ng ta n\u00f3i th\u1ebf. Nh\u1eefng t\u1eeb ng\u1eef \u0111\u00fang h\u01a1n s\u1ebd ch\u1eb3ng bao gi\u1edd \u0111\u01b0\u1ee3c n\u00f3i ra.<\/p>\n

5. Ng\u00e0nh c\u00f4ng nghi\u1ec7p s\u1ebd b\u1ecb th\u1ed1ng tr\u1ecb b\u1edfi ng\u01b0\u1eddi l\u1eadp d\u1ecb, k\u1ebb b\u1ea5t t\u00e0i v\u00e0 nh\u00e2n vi\u00ean kinh doanh<\/p>\n

Ph\u1ea7n l\u1edbn c\u00e1c s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c b\u00e1n b\u1edfi nh\u1eefng ng\u01b0\u1eddi ch\u1ec9 quan t\u00e2m \u0111\u1ebfn t\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n \u2013 kho\u1ea3n ph\u00ed m\u00e0 h\u1ecd c\u00f3 th\u1ec3 ki\u1ebfm \u0111\u01b0\u1ee3c t\u1eeb b\u1ea1n.
\nB\u1ea1n kh\u00f4ng c\u1ea7n kinh nghi\u1ec7m, th\u00f4ng tin ho\u1eb7c th\u1eadm ch\u00ed c\u00e1c ki\u1ebfn th\u1ee9c th\u00f4ng th\u01b0\u1eddng \u0111\u1ec3 tr\u1edf th\u00e0nh m\u1ed9t chuy\u00ean gia t\u00e0i ch\u00ednh. Bu\u1ed3n thay, chuy\u00ean gia c\u00e0ng \u1ed3n \u00e0o v\u00e0 khoa tr\u01b0\u01a1ng, anh ta c\u00e0ng thu h\u00fat nhi\u1ec1u s\u1ef1 ch\u00fa \u00fd h\u01a1n, ngay c\u1ea3 khi n\u00f3 l\u00e0m anh ta d\u1ec5 sai h\u01a1n.<\/p>\n

\u0110\u00e2y c\u00f3 l\u1ebd l\u00e0 l\u00fd thuy\u1ebft quan tr\u1ecdng nh\u1ea5t v\u1ec1 t\u00e0i ch\u00ednh. Tr\u01b0\u1edbc khi b\u1ea1n hi\u1ec3u r\u00f5 n\u00f3, b\u1ea1n v\u1eabn c\u00f3 th\u1ec3 b\u1ecb l\u1eeba \u1edf b\u1ea5t c\u1ee9 \u0111\u00e2u.<\/p>\n

\u201cM\u1ecdi th\u1ee9 kh\u00e1c \u0111\u1ec1u l\u00e0 kem pho m\u00e1t\u201d.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"

V\u1ec1 ki\u1ebfm ti\u1ec1n : \u0110\u1eebng bao gi\u1edd ph\u1ee5 thu\u1ed9c v\u00e0o m\u1ed9t ngu\u1ed3n thu nh\u1eadp duy nh\u1ea5t. H\u00e3y \u0111\u1ea7u t\u01b0 \u0111\u1ec3 t\u1ea1o ra ngu\u1ed3n th\u1ee9 hai.<\/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-262","post","type-post","status-publish","format-standard","hentry","category-dau-tu"],"_links":{"self":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/posts\/262","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=262"}],"version-history":[{"count":0,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/posts\/262\/revisions"}],"wp:attachment":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/media?parent=262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/categories?post=262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/tags?post=262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}