{"id":64757,"date":"2025-05-08T20:00:00","date_gmt":"2025-05-08T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=64757"},"modified":"2025-05-09T01:55:03","modified_gmt":"2025-05-08T16:55:03","slug":"%e3%83%90%e3%83%95%e3%82%a7%e3%83%83%e3%83%88%e6%b0%8f%e3%80%814%e6%9c%88%e3%81%ae%e6%a0%aa%e4%be%a1%e6%80%a5%e8%90%bd%e3%81%af%e3%80%8c%e6%9c%ac%e5%bd%93%e3%81%ab%e4%bd%95%e3%81%a7%e3%82%82%e3%81%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64757","title":{"rendered":"\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u30014\u6708\u306e\u682a\u4fa1\u6025\u843d\u306f\u300c\u672c\u5f53\u306b\u4f55\u3067\u3082\u306a\u3044\u300d\u3001\u5927\u9a12\u304e\u3057\u305f\u6295\u8cc7\u5bb6\u305f\u3061\u306b\u82e6\u8a00"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001Berkshire Hathaway\u306e\u682a\u4e3b\u7dcf\u4f1a\u304b\u3089\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u767a\u8a00\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c4\u6708\u306e\u682a\u4fa1\u4e0b\u843d\u306e\u611f\u60f3\u3092\u8ff0\u3079\u3066\u3044\u308b\u7b87\u6240\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>2025\u5e744\u6708\u306e\u682a\u4fa1\u4e0b\u843d<\/strong><\/p>\n\n\n\n<p>2025\u5e744\u6708\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u3092\u304d\u3063\u304b\u3051\u3068\u3057\u3066\u682a\u5371\u6a5f\u5e02\u5834\u304c\u6025\u843d\u3057\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u4fa1\u6307\u6570\u3067\u3042\u308bS&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-8-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"529\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-8-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-64797\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-8-s-and-p-500-chart.png 602w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-8-s-and-p-500-chart-300x264.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/a><\/figure>\n\n\n\n<p>\u5929\u4e95\u304b\u3089\u306e\u4e0b\u3052\u5e45\u306f20%\u307b\u3069\u3068\u306a\u308a\u3001\u7c73\u56fd\u5e02\u5834\u306b\u3068\u3063\u3066\u306f\u4e45\u3005\u306e\u4e0b\u843d\u5e45\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3053\u305330\u65e5\u300145\u65e5\u3001100\u65e5\u3001\u4f55\u65e5\u3067\u3082\u3044\u3044\u304c\u3001\u6700\u8fd1\u8d77\u3053\u3063\u305f\u3053\u3068\u306f\u672c\u5f53\u306b\u4f55\u3067\u3082\u306a\u3044\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u308f\u308c\u308f\u308c\u304cBerkshire\u3092\u8cb7\u53ce\u3057\u3066\u304b\u3089\u3001Berkshire\u306e\u682a\u4fa1\u304c\u77ed\u671f\u9593\u3067\u534a\u5206\u306b\u4e0b\u843d\u3057\u305f\u3053\u3068\u304c3\u5ea6\u3042\u308b\u3002\u3069\u306e\u30b1\u30fc\u30b9\u3082\u4f1a\u793e\u81ea\u4f53\u306b\u4f55\u304b\u554f\u984c\u304c\u3042\u3063\u305f\u306e\u3067\u306f\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4eca\u56de\u306e\u52d5\u304d\u306f\u5927\u304d\u306a\u52d5\u304d\u3067\u306f\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7b46\u8005\u3082\u611f\u3058\u3066\u3044\u305f\u306e\u306f\u3001\u3042\u306e\u4e0b\u843d\u3067\u591a\u304f\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u5927\u9a12\u304e\u3057\u904e\u304e\u3066\u3044\u305f\u3053\u3068\u3060\u3002\u6bce\u5ea6\u306e\u3053\u3068\u3067\u306f\u3042\u308b\u306e\u3060\u304c\u3001\u682a\u5f0f\u5e02\u5834\u3067\u306f20%\u7a0b\u5ea6\u306e\u4e0b\u843d\u306f\u6570\u5e74\u306b1\u5ea6\u3042\u308b\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u306e\u5ea6\u306b\u3001\u6050\u3089\u304f\u306f\u305d\u306e\u6570\u5e74\u306e\u5185\u306b\u53c2\u5165\u3057\u3066\u304d\u305f\u65b0\u305f\u306a\u6295\u8cc7\u5bb6\u304c\u3001\u307e\u308b\u3067\u682a\u5f0f\u5e02\u5834\u304c\u4e0b\u843d\u3059\u308b\u3068\u306f\u77e5\u3089\u306a\u304b\u3063\u305f\u3068\u8a00\u308f\u3093\u3070\u304b\u308a\u306b\u5927\u9a12\u304e\u3059\u308b\u3002\u6bce\u5ea6\u306e\u98a8\u7269\u8a69\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>1929\u5e74\u4e16\u754c\u6050\u614c<\/strong><\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u3001\u4f8b\u3048\u8a71\u306b\u6b21\u306e\u3088\u3046\u306a\u8a71\u3092\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>1929\u5e74\u306e9\u6708\u306b\u30c0\u30a6\u5e73\u5747\u306f381\u30c9\u30eb\u3060\u3063\u305f\u304c\u3001\u305d\u306e\u5f8c42\u30c9\u30eb\u306b\u306a\u3063\u305f\u3002\u3064\u307e\u308a\u682a\u4fa1\u304c11%\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u52d5\u304d\u306f\u5287\u7684\u306a\u682a\u4fa1\u66b4\u843d\u3067\u3082\u4f55\u3067\u3082\u306a\u3044\u3057\u3001\u305d\u308c\u306b\u8fd1\u3044\u3082\u306e\u3067\u3059\u3089\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u682a\u4fa1\u304c11%\u4e0b\u843d\u3057\u305f\u8a71\u3067\u306f\u306a\u3044\u3002\u682a\u4fa1\u304c11%\u306b\u306a\u3063\u305f\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>1929\u5e74\u3068\u306f\u52ff\u8ad6\u4e16\u754c\u6050\u614c\u306e\u8a71\u3067\u3042\u308a\u3001\u3053\u306e\u6642\u306e\u682a\u4fa1\u66b4\u843d\u304b\u3089\u7c73\u56fd\u682a\u306f25\u5e74\u7acb\u3061\u76f4\u308b\u3053\u3068\u304c\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/1927-1937-dow-jones-industrial-average-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"529\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/1927-1937-dow-jones-industrial-average-chart.png\" alt=\"\" class=\"wp-image-64225\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/1927-1937-dow-jones-industrial-average-chart.png 602w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/1927-1937-dow-jones-industrial-average-chart-300x264.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/a><\/figure>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u8a00\u3044\u305f\u3044\u306e\u306f\u300120%\u307b\u3069\u306e\u682a\u4fa1\u4e0b\u843d\u306a\u3069\u65e5\u5e38\u8336\u98ef\u4e8b\u3067\u3042\u308a\u3001\u3082\u3063\u3068\u6df1\u523b\u306a\u4e0b\u843d\u306a\u3069\u3044\u304f\u3089\u3067\u3082\u8d77\u304d\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u308d\u3046\u3002\u3060\u304b\u3089\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u3092\u6b62\u3081\u305f\u306e\u3082\u3001\u682a\u4fa1\u306e\u4e0b\u843d\u3067\u306f\u306a\u304f\u7c73\u56fd\u50b5\u306e\u4e0b\u843d\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63454\" data-type=\"post\" data-id=\"63454\">\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u305f\u672c\u5f53\u306e\u7406\u7531\u306f\u682a\u4fa1\u306e\u4e0b\u843d\u3067\u306f\u306a\u3044<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63647\" data-type=\"post\" data-id=\"63647\">\u682a\u5f0f\u5e02\u5834\u66b4\u843d\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u3053\u308c\u304b\u3089\u4f55\u5ea6\u3067\u3082\u7c73\u56fd\u50b5\u4e0b\u843d\u306b\u8105\u3055\u308c\u7d9a\u3051\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7b46\u8005\u306e\u611f\u899a\u3067\u306f\u300140\u301c50%\u3092\u4e0a\u56de\u308b\u4e0b\u843d\u306b\u306a\u3063\u305f\u3068\u304d\u3001\u5927\u304d\u306a\u4e0b\u843d\u3060\u3068\u611f\u3058\u308b\u3002\u305d\u308c\u306f10\u5e74\u306b1\u5ea6\u8d77\u304d\u308b\u304b\u3069\u3046\u304b\u306e\u5927\u5e45\u4e0b\u843d\u3067\u3042\u308b\u3002\u3060\u304c\u305d\u308c\u3082\u305f\u307e\u306b\u3042\u308b\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p><strong>\u682a\u4fa1\u3068\u7c73\u56fd\u50b5\u306e\u540c\u6642\u4e0b\u843d<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u3001\u6ce8\u610f\u3057\u3066\u304a\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u306f\u30011929\u5e74\u306e\u4e16\u754c\u6050\u614c\u304c\u305f\u3060\u306e\u4f8b\u3048\u8a71\u3068\u306f\u8a00\u3044\u5207\u308c\u306a\u3044\u72b6\u6cc1\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u682a\u4fa1\u4e0b\u843d\u30681929\u5e74\u304b\u3089\u59cb\u307e\u308b\u9577\u671f\u306e\u4e0b\u843d\u76f8\u5834\u306b\u306f\u3001\u5171\u901a\u70b9\u304c\u3042\u308b\u3002\u682a\u4fa1\u3068\u7c73\u56fd\u50b5\u304c\u540c\u6642\u306b\u4e0b\u843d\u3057\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u3061\u3089\u306e\u65b9\u306f\u3042\u308a\u3075\u308c\u305f\u3053\u3068\u3067\u306f\u306a\u3044\u3002\u305d\u308c\u306f50\u5e74\u306b1\u5ea6\u306e\u5927\u4e8b\u4ef6\u3067\u3042\u308b\u3002\u904e\u53bb100\u5e74\u307b\u3069\u3067\u305d\u308c\u304c\u8d77\u304d\u305f\u6642\u671f\u3053\u305d\u304c\u30011970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u3068\u3001\u4e16\u754c\u6050\u614c\u5f8c\u306e\u4e0b\u843d\u76f8\u5834\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64013\" data-type=\"post\" data-id=\"64013\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u682a\u306f\u904e\u53bb\u306b2\u56de\u300125\u5e74\u9593\u682a\u4fa1\u304c\u4e0a\u304c\u3089\u306a\u304b\u3063\u305f\u4e0b\u843d\u76f8\u5834\u3092\u7d4c\u9a13\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u3089\u306f\u3068\u3082\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u554f\u984c\u3067\u7c73\u56fd\u50b5\u306e\u4fe1\u7528\u304c\u843d\u3061\u305f\u6642\u671f\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u4eca\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u306b\u3088\u308a\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u6025\u5897\u3057\u3066\u304a\u308a\u3001\u7c73\u56fd\u653f\u5e9c\u306f\u56fd\u50b5\u306e\u5229\u6255\u3044\u3092\u65b0\u898f\u306e\u56fd\u50b5\u767a\u884c\u3067\u8cc4\u3046\u81ea\u8ee2\u8eca\u64cd\u696d\u306b\u9665\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/61404\" data-type=\"post\" data-id=\"61404\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u8ca1\u653f\u8d64\u5b57\u7d99\u7d9a\u306a\u3089\u7c73\u56fd\u50b5\u306f\u30b7\u30e7\u30c3\u30ad\u30f3\u30b0\u306a\u72b6\u6cc1\u306b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u304c\u904e\u53bb\u306b\u306f\u7c73\u56fd\u682a\u306e\u9577\u671f\u4e0b\u843d\u306b\u7e4b\u304c\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u554f\u984c\u3068\u30c9\u30eb\u4e0b\u843d\u306e\u53ef\u80fd\u6027\u3092\u6c17\u306b\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64687\" data-type=\"post\" data-id=\"64687\">\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f: \u7c73\u56fd\u306e\u8ca1\u653f\u7834\u7dbb\u304c\u8fd1\u3065\u3044\u3066\u3044\u308b\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8ca1\u653f\u8d64\u5b57\u524a\u6e1b\u306f\u3084\u308a\u9042\u3052\u3089\u308c\u308b\u3079\u304d<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64674\" data-type=\"post\" data-id=\"64674\">\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f: \u65e5\u672c\u5186\u306e\u4e0b\u843d\u306f\u5bb9\u6613\u306b\u4e88\u60f3\u53ef\u80fd\u3001\u30c9\u30eb\u306f\u300c\u5730\u7344\u884c\u304d\u306e\u901a\u8ca8\u300d<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u8996\u70b9\u3067\u898b\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u300120%\u306e\u682a\u4fa1\u4e0b\u843d\u305d\u306e\u3082\u306e\u306f\u672c\u5f53\u306b\u4f55\u3067\u3082\u306a\u3044\u30cb\u30e5\u30fc\u30b9\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u65e5\u5e38\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4eba\u3005\u306f\u682a\u4fa1\u304c\u5927\u304d\u304f\u52d5\u3044\u305f\u3068\u601d\u3063\u3066\u3044\u308b\u304c\u3001\u52d5\u3044\u3066\u3044\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3082\u3057\u76f8\u5834\u306b\u6700\u8fd1\u5165\u3063\u3066\u304d\u305f\u4eba\u3067\u77e5\u3089\u306a\u3044\u4eba\u306b\u306f\u3053\u3063\u305d\u308a\u6559\u3048\u3066\u304a\u304f\u304c\u3001\u5b9f\u306f\u682a\u4fa1\u306f\u4e0b\u843d\u3059\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u8ab0\u3082\u77e5\u3089\u306a\u304b\u3063\u305f\u5927\u30cb\u30e5\u30fc\u30b9\u3067\u306f\u306a\u3044\u304b\u3002\u305d\u308c\u3092\u77e5\u3063\u3066\u3044\u308b\u4eba\u3005\u306f\u3001\u4eca\u306e\u682a\u5f0f\u5e02\u5834\u3067\u306f\u5c11\u6570\u6d3e\u306b\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u300c\u6ce2\u304c\u5f15\u3044\u305f\u6642\u306b\u59cb\u3081\u3066\u3001\u8ab0\u304c\u88f8\u3067\u6cf3\u3044\u3067\u3044\u305f\u304b\u304c\u5206\u304b\u308b\u300d\u3068\u3044\u3046\u6709\u540d\u306a\u683c\u8a00\u3082\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u8a00\u8449\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u3001\u682a\u4fa1\u304c15%\u4e0a\u304c\u3063\u305f\u6642\u306b\u306f\u8ab0\u3082\u9a12\u304c\u306a\u304b\u3063\u305f\u3067\u306f\u306a\u3044\u304b\u3002\u4f55\u6545\u540c\u3058\u5909\u52d5\u5e45\u3067\u5927\u9a12\u304e\u3059\u308b\u306e\u304b\u3002\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u6307\u6458\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u682a\u4fa1\u304c15%\u4e0b\u304c\u3063\u305f\u4ee3\u308f\u308a\u306b15%\u4e0a\u304c\u3063\u305f\u3068\u3057\u305f\u3089\u3001\u4eba\u3005\u306f\u5fc3\u7a4f\u3084\u304b\u306b\u904e\u3054\u3057\u3066\u3044\u305f\u3060\u308d\u3046\u3002\u9006\u306b15%\u4e0b\u304c\u3063\u305f\u6642\u306b\u5225\u306e\u53cd\u5fdc\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3088\u3046\u306a\u3089\u3001\u6295\u8cc7\u306e\u59ff\u52e2\u3092\u5c11\u3057\u6539\u3081\u305f\u65b9\u304c\u3044\u3044\u3002<\/p>\n\n\n\n<p>\u4e16\u754c\u306f\u3042\u306a\u305f\u306b\u5408\u308f\u305b\u3066\u306f\u304f\u308c\u306a\u3044\u3002\u3042\u306a\u305f\u304c\u4e16\u754c\u306b\u5408\u308f\u305b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u73fe\u5728\u306e\u76f8\u5834\u306e\u554f\u984c\u306f\u3001\u682a\u4fa1\u304c20%\u4e0b\u843d\u3057\u305f\u3053\u3068\u3067\u306f\u306a\u304f\u300150\u5e74\u306b1\u5ea6\u3057\u304b\u8d77\u3053\u3089\u306a\u304b\u3063\u305f\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306e\u540c\u6642\u4e0b\u843d\u304c\u8d77\u3053\u3063\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u904e\u53bb\u306b\u305d\u308c\u304c\u8d77\u3053\u3063\u305f\u4e16\u754c\u6050\u614c\u5f8c\u306e\u4e0b\u843d\u76f8\u5834\u30681970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u306b\u306f\u3001\u7c73\u56fd\u682a\u306f\u9577\u671f\u7684\u306a\u4e0b\u843d\u76f8\u5834\u306b\u9665\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64013\" data-type=\"post\" data-id=\"64013\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u682a\u306f\u904e\u53bb\u306b2\u56de\u300125\u5e74\u9593\u682a\u4fa1\u304c\u4e0a\u304c\u3089\u306a\u304b\u3063\u305f\u4e0b\u843d\u76f8\u5834\u3092\u7d4c\u9a13\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4eca\u56de\u306f\u305d\u308c\u306b\u52a0\u3048\u3001\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u3082\u61f8\u5ff5\u3057\u3066\u3044\u308b\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306e\u4fe1\u7528\u5d29\u58ca\u3068\u3044\u3046\u554f\u984c\u3082\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64674\" data-type=\"post\" data-id=\"64674\">\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f: \u65e5\u672c\u5186\u306e\u4e0b\u843d\u306f\u5bb9\u6613\u306b\u4e88\u60f3\u53ef\u80fd\u3001\u30c9\u30eb\u306f\u300c\u5730\u7344\u884c\u304d\u306e\u901a\u8ca8\u300d<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64179\" data-type=\"post\" data-id=\"64179\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u4e16\u754c\u6050\u614c\u3092\u56de\u907f\u3059\u308b\u552f\u4e00\u306e\u65b9\u6cd5\u306f\u30c9\u30eb\u5b89\u3068\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3059\u7d19\u5e63\u5370\u5237<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30c9\u30eb\u304c\u6b21\u7b2c\u306b\u57fa\u8ef8\u901a\u8ca8\u306e\u5730\u4f4d\u3092\u5931\u3063\u3066\u3086\u304f\u3068\u3044\u3046\u4e88\u60f3\u306f\u3001\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u300e<a href=\"https:\/\/amzn.to\/3IWcV1T\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\u300f\u3067\u4e88\u60f3\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u672c\u306f\u4eca\u5f8c\u6570\u5341\u5e74\u306e\u91d1\u878d\u5e02\u5834\u3092\u4e88\u60f3\u3059\u308b\u305f\u3081\u306b\u5fc5\u8aad\u306e\u672c\u3067\u3042\u308b\u3002\u672a\u8aad\u306e\u4eba\u306f\u8aad\u3093\u3067\u304a\u304f\u3053\u3068\u3092\u304a\u85a6\u3081\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<a href=\"https:\/\/amzn.to\/3xlpTUc\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/81CZHKszf9L._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/3xlpTUc\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001Berkshire Hathaway\u306e\u682a\u4e3b\u7dcf\u4f1a\u304b\u3089\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u767a\u8a00\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002 \u4eca\u56de\u306f\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c4\u6708\u306e\u682a\u4fa1\u4e0b\u843d\u306e\u611f\u60f3\u3092\u8ff0\u3079\u3066\u3044\u308b\u7b87\u6240\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,111],"tags":[207],"class_list":["post-64757","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-warren-baffett"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/64757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=64757"}],"version-history":[{"count":48,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/64757\/revisions"}],"predecessor-version":[{"id":64839,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/64757\/revisions\/64839"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=64757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=64757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=64757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}