{"id":69516,"date":"2025-08-26T20:00:00","date_gmt":"2025-08-26T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=69516"},"modified":"2025-08-26T14:04:36","modified_gmt":"2025-08-26T05:04:36","slug":"%e3%83%90%e3%83%95%e3%82%a7%e3%83%83%e3%83%88%e6%b0%8f-%e6%a0%aa%e5%bc%8f%e3%82%92%e8%b2%b7%e3%81%84%e3%81%9f%e3%81%84%e4%ba%ba%e3%81%af%e6%a0%aa%e4%be%a1%e3%81%8c%e4%b8%8b%e3%81%8c%e3%81%a3%e3%81%9f","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/69516","title":{"rendered":"\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f: \u682a\u5f0f\u3092\u8cb7\u3044\u305f\u3044\u4eba\u306f\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u3089\u559c\u3076\u3079\u304d"},"content":{"rendered":"\n<p>\u8abf\u3079\u3082\u306e\u3092\u3057\u3066\u3044\u305f\u3068\u3053\u308d\u3001Berkshire Hathaway\u306e\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e1997\u5e74\u306e\u682a\u4e3b\u3078\u306e\u624b\u7d19\u306b\u9762\u767d\u3044\u8a18\u8ff0\u3092\u898b\u3064\u3051\u305f\u306e\u3067\u3001\u3053\u3053\u306b\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u682a\u4fa1\u306e\u4e0a\u4e0b\u306b\u3064\u3044\u3066<\/strong><\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u3053\u306e\u624b\u7d19\u306e\u300c\u682a\u4fa1\u306e\u4e0a\u4e0b\u306b\u3064\u3044\u3066\u300d\u3068\u3044\u3046\u9805\u76ee\u3067\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>\u7c21\u5358\u306a\u30af\u30a4\u30ba\u3067\u3059\u3002\u3082\u3057\u3042\u306a\u305f\u304c\u30cf\u30f3\u30d0\u30fc\u30ac\u30fc\u3092\u4e00\u751f\u98df\u3079\u7d9a\u3051\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u3066\u3001\u304b\u3064\u3042\u306a\u305f\u304c\u916a\u8fb2\u5bb6\u3067\u306a\u3044\u306a\u3089\u3070\u3001\u725b\u8089\u306e\u4fa1\u683c\u306f\u9ad8\u3044\u65b9\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u304b\u3001\u4f4e\u3044\u65b9\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n\n\n\n<p>\u540c\u3058\u3088\u3046\u306b\u3001\u3042\u306a\u305f\u304c\u4eba\u751f\u3067\u4f55\u5ea6\u304b\u8eca\u3092\u8cb7\u3046\u3053\u3068\u3092\u8a08\u753b\u3057\u3066\u3044\u3066\u3001\u304b\u3064\u3042\u306a\u305f\u304c\u81ea\u52d5\u8eca\u30e1\u30fc\u30ab\u30fc\u3067\u306f\u306a\u3044\u306a\u3089\u3070\u3001\u81ea\u52d5\u8eca\u306e\u4fa1\u683c\u306f\u9ad8\u3044\u65b9\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u304b\u3001\u4f4e\u3044\u65b9\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p>\u7b54\u3048\u306f\u7c21\u5358\u3067\u3042\u308b\u3002\u5b89\u3044\u307b\u3046\u304c\u826f\u3044\u3002\u81ea\u5206\u304c\u8cb7\u3046\u3082\u306e\u306e\u5024\u6bb5\u304c\u5b89\u304f\u3066\u3001\u4f55\u304c\u60aa\u3044\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u304c\u5fc5\u8981\u3060\u3068\u3044\u3046\u5984\u8a00\u3092\u4fe1\u3058\u3066\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u652f\u6301\u3057\u305f\u4eba\u3005\u306f\u3053\u308c\u3060\u3051\u306e\u771f\u7406\u3055\u3048\u7406\u89e3\u3067\u304d\u306a\u304b\u3063\u305f\u308f\u3051\u3060\u304c\u3001\u4eba\u3005\u3092\u8972\u3046\u306e\u306f\u3082\u3063\u3068\u96e3\u3057\u3044\u554f\u984c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3067\u306f\u3053\u308c\u304c\u6700\u7d42\u8a66\u9a13\u3067\u3059\u3002\u3042\u306a\u305f\u304c\u3053\u308c\u304b\u3089\u306e5\u5e74\u3067\u682a\u5f0f\u3092\u8cb7\u3046\u8a08\u753b\u3092\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u305d\u306e\u671f\u9593\u682a\u4fa1\u306f\u9ad8\u3044\u65b9\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u304b\u3001\u4f4e\u3044\u65b9\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p>\u4eca\u304b\u3089\u8cb7\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u682a\u304c\u6025\u306b\u4e0b\u304c\u3063\u305f\u3089\u3069\u3046\u601d\u3046\u3060\u308d\u3046\u304b\uff1f\u3000\u3042\u308b\u3044\u306f\u3001\u8cb7\u3044\u59cb\u3081\u306e\u6642\u306b\u682a\u4fa1\u304c\u3069\u3093\u3069\u3093\u4e0b\u304c\u3063\u3066\u3044\u3063\u305f\u3089\u3069\u3046\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\n<p><strong>\u4eba\u3005\u306f\u4f55\u306b\u96c6\u307e\u308b\u304b<\/strong><\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\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>\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u304c\u3053\u306e\u554f\u984c\u3092\u9593\u9055\u3048\u308b\u3002\u3053\u308c\u304b\u3089\u4f55\u5e74\u3082\u682a\u5f0f\u3092\u8cb7\u3046\u3053\u3068\u306b\u306a\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u5f7c\u3089\u306f\u682a\u4fa1\u304c\u9ad8\u3051\u308c\u3070\u5927\u559c\u3073\u3057\u3001\u4f4e\u3051\u308c\u3070\u843d\u3061\u8fbc\u3080\u3002<\/p>\n\n\n\n<p>\u5f7c\u3089\u306f\u81ea\u5206\u304c\u3053\u308c\u304b\u3089\u8cb7\u3046\u3053\u3068\u306b\u306a\u308b\u300c\u30cf\u30f3\u30d0\u30fc\u30ac\u30fc\u300d\u306e\u5024\u6bb5\u304c\u4e0a\u304c\u3063\u3066\u559c\u3093\u3067\u3044\u308b\u3088\u3046\u306a\u3082\u306e\u3060\u3002\u610f\u5473\u304c\u5206\u304b\u3089\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4eba\u3005\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u3044\u308b\u682a\u306b\u7fa4\u304c\u3063\u3066\u3044\u308b\u3002\u305d\u308c\u306f\u5358\u306b\u3001\u81ea\u5206\u306e\u3053\u308c\u304b\u3089\u8cb7\u3046\u3082\u306e\u304c\u9ad8\u304f\u306a\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3060\u3051\u306e\u610f\u5473\u3067\u3057\u304b\u306a\u3044\u306e\u306b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u672c\u5f53\u306e\u3068\u3053\u308d\u306f\u3001\u5b9f\u969b\u306b\u306f\u305d\u306e\u7a0b\u5ea6\u306e\u4e00\u8cab\u6027\u3082\u306a\u3044\u3002\u4f8b\u3048\u3070\u30b4\u30fc\u30eb\u30c9\u306f\u7c73\u56fd\u682a\u3088\u308a\u3082\u3088\u307b\u3069\u4e0a\u304c\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u4eba\u3005\u306f\u7c73\u56fd\u682a\u306b\u306f\u7fa4\u304c\u308b\u304c\u3001\u30b4\u30fc\u30eb\u30c9\u306b\u306f\u8208\u5473\u3092\u793a\u3055\u306a\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-26-gold-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"575\" height=\"548\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-26-gold-chart.png\" alt=\"\" class=\"wp-image-69548\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-26-gold-chart.png 575w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-26-gold-chart-300x286.png 300w\" sizes=\"auto, (max-width: 575px) 100vw, 575px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b4\u30fc\u30eb\u30c9\u306b\u7fa4\u304c\u3063\u3066\u3044\u308b\u306e\u306f\u4e2d\u592e\u9280\u884c\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u7fa4\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u3088\u308a\u3082\u3088\u307b\u3069\u5f37\u3044\u4fa1\u683c\u306e\u4e0a\u6607\u5727\u529b\u306a\u306e\u3060\u304c\u3001\u4eba\u3005\u306f\u672c\u5f53\u306b\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u3044\u308b\u3082\u306e\u306b\u7fa4\u304c\u308d\u3046\u3068\u3059\u308b\u7a0b\u5ea6\u306e\u4e00\u8cab\u6027\u3059\u3089\u6301\u3063\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68119\" data-type=\"post\" data-id=\"68119\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: 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class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u682a\u4fa1\u304c\u4e0a\u304c\u3063\u3066\u559c\u3076\u3079\u304d\u306a\u306e\u306f\u3001\u3053\u308c\u304b\u3089\u682a\u5f0f\u3092\u58f2\u308b\u3064\u3082\u308a\u306e\u4eba\u3060\u3051\u3060\u3002\u3053\u308c\u304b\u3089\u682a\u5f0f\u3092\u8cb7\u3046\u3064\u3082\u308a\u306e\u4eba\u306f\u682a\u4fa1\u304c\u4e0b\u843d\u3057\u3066\u3044\u308b\u306e\u3092\u559c\u3076\u3079\u304d\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u30b3\u30ed\u30f3\u30d3\u30a2\u5927\u5b66\u306b\u304a\u3051\u308b\u5e2b\u3067\u3042\u308b\u30d9\u30f3\u30b8\u30e3\u30df\u30f3\u30fb\u30b0\u30ec\u30a2\u30e0\u6c0f\u306e\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/45zOfsd\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u8ce2\u660e\u306a\u308b\u6295\u8cc7\u5bb6<\/a>\u300f\u306b\u306f\u6b21\u306e\u3088\u3046\u306b\u66f8\u304b\u308c\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>\u672c\u7269\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3001\u682a\u4fa1\u306e\u5909\u52d5\u306f1\u3064\u306e\u610f\u5473\u3057\u304b\u6301\u305f\u306a\u3044\u3002\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u6642\u306f\u8ce2\u304f\u8cb7\u3046\u30c1\u30e3\u30f3\u30b9\u3067\u3042\u308a\u3001\u5927\u304d\u304f\u4e0a\u304c\u3063\u305f\u6642\u306f\u8ce2\u304f\u58f2\u308b\u30c1\u30e3\u30f3\u30b9\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u3051\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u3053\u306e\u672c\u3092\u3053\u308c\u307e\u3067\u306b\u66f8\u304b\u308c\u305f\u6700\u9ad8\u306e\u6295\u8cc7\u306e\u66f8\u3068\u547c\u3093\u3067\u3044\u308b\u3002\u6709\u540d\u306a\u53e4\u5178\u3060\u304c\u672a\u8aad\u306e\u4eba\u3082\u591a\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3002\u5c11\u306a\u304f\u3068\u3082\u4e00\u5ea6\u306f\u8aad\u3093\u3067\u304a\u304f\u3079\u304d\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/amzn.to\/45zOfsd\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/7192YH2nouL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/45zOfsd\" target=\"_blank\" rel=\"noreferrer noopener\">\u8ce2\u660e\u306a\u308b\u6295\u8cc7\u5bb6<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8abf\u3079\u3082\u306e\u3092\u3057\u3066\u3044\u305f\u3068\u3053\u308d\u3001Berkshire Hathaway\u306e\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e1997\u5e74\u306e\u682a\u4e3b\u3078\u306e\u624b\u7d19\u306b\u9762\u767d\u3044\u8a18\u8ff0\u3092\u898b\u3064\u3051\u305f\u306e\u3067\u3001\u3053\u3053\u306b\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":[40],"tags":[207],"class_list":["post-69516","post","type-post","status-publish","format-standard","hentry","category-trading-strategies","tag-warren-baffett"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69516","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=69516"}],"version-history":[{"count":38,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69516\/revisions"}],"predecessor-version":[{"id":69555,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69516\/revisions\/69555"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=69516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=69516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=69516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}