{"id":69660,"date":"2025-08-29T20:00:00","date_gmt":"2025-08-29T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=69660"},"modified":"2025-08-29T15:39:36","modified_gmt":"2025-08-29T06:39:36","slug":"%e3%83%90%e3%83%95%e3%82%a7%e3%83%83%e3%83%88%e6%b0%8f%e3%80%81%e6%97%a5%e6%9c%ac%e3%81%ae%e5%95%86%e7%a4%be%e6%a0%aa%e3%82%92%e8%b2%b7%e3%81%84%e5%a2%97%e3%81%97%e3%80%81%e3%82%a4%e3%83%b3%e3%83%95","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/69660","title":{"rendered":"\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u3001\u65e5\u672c\u306e\u5546\u793e\u682a\u3092\u8cb7\u3044\u5897\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u3068\u5186\u5b89\u60aa\u5316\u3092\u5f15\u304d\u7d9a\u304d\u4e88\u60f3\u304b"},"content":{"rendered":"\n<p>\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c\u7387\u3044\u308bBerkshire Hathaway\u304c\u30b3\u30ed\u30ca\u4ee5\u5f8c\u3001\u65e5\u672c\u306e\u5546\u793e\u682a\u3092\u5927\u304d\u304f\u8cb7\u3063\u3066\u3044\u308b\u3053\u3068\u306f\u77e5\u3089\u308c\u3066\u3044\u308b\u304c\u3001\u4e09\u83f1\u5546\u4e8b\u306b\u3088\u308c\u3070\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u4e09\u83f1\u5546\u4e8b\u682a\u3092\u8cb7\u3044\u5897\u3057\u3001\u8b70\u6c7a\u6a29\u6bd4\u7387\u304c10%\u3092\u8d85\u3048\u305f\u3068\u3044\u3046\u3002<\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c\u5f15\u304d\u7d9a\u304d\u65e5\u672c\u306e\u5546\u793e\u682a\u3092\u8cb7\u3044\u3068\u898b\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u3068\u5546\u793e\u682a<\/strong><\/p>\n\n\n\n<p>\u77e5\u3063\u3066\u3044\u308b\u4eba\u3082\u591a\u3044\u3060\u308d\u3046\u304c\u3001\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u65e5\u672c\u306e5\u5927\u5546\u793e\u682a\u306b\u591a\u984d\u306e\u6295\u8cc7\u3092\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5546\u793e\u682a\u306f\u539f\u6cb9\u3001\u5929\u7136\u30ac\u30b9\u3001\u91d1\u5c5e\u3001\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u751f\u7523\u3084\u8ca9\u58f2\u306b\u304b\u304b\u308f\u3063\u3066\u304a\u308a\u3001\u5546\u793e\u682a\u306e\u8cb7\u3044\u306f\u660e\u3089\u304b\u306a\u30a4\u30f3\u30d5\u30ec\u30c8\u30ec\u30fc\u30c9\u3060\u304c\u3001\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c\u5546\u793e\u682a\u3078\u306e\u6295\u8cc7\u3092\u59cb\u3081\u305f2020\u5e748\u6708\u306b\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u306e\u8a71\u3092\u3057\u3066\u3044\u308b\u4eba\u306a\u3069\u307b\u3068\u3093\u3069\u3044\u306a\u304b\u3063\u305f\u3002\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u305d\u306e\u6642\u671f\u306b5\u5927\u5546\u793e\u306e\u682a\u5f0f\u30925%\u5206\u8cfc\u5165\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u540c\u3058\u6642\u671f\u306b\u306fBridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u6b74\u53f2\u4e0a\u306e\u8987\u6a29\u56fd\u5bb6\u304c\u30a4\u30f3\u30d5\u30ec\u3067\u8870\u9000\u3057\u305f\u4e8b\u5b9f\u306b\u30d5\u30a9\u30fc\u30ab\u30b9\u3057\u305f\u8457\u66f8\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\u3092\u66f8\u304d\u59cb\u3081\u3066\u3044\u308b\u304c\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u3067\u4e16\u754c\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u3053\u306e\u6642\u671f\u306b\u771f\u5263\u306b\u8003\u3048\u3066\u3044\u305f\u306e\u306f\u3053\u306e2\u4eba\u3050\u3089\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u3053\u3053\u3067\u306f2020\u5e7410\u6708\u306b\u521d\u3081\u3066\u30a4\u30f3\u30d5\u30ec\u306b\u89e6\u308c\u3066\u3044\u308b\u304c\u3001\u4eba\u3005\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u9a12\u304e\u59cb\u3081\u308b\u306e\u306f\u305d\u306e2\u5e74\u5f8c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11801\" data-type=\"post\" data-id=\"11801\">\u91d1\u878d\u5e02\u5834\u306b\u30a4\u30f3\u30d5\u30ec\u306e\u5146\u3057: \u91d1\u3001\u539f\u6cb9\u3001\u7a40\u7269\u4fa1\u683c\u304c\u9ad8\u9a30 (2020\/10\/14)<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u5546\u793e\u682a\u8cb7\u3044\u5897\u3057<\/strong><\/p>\n\n\n\n<p>\u305d\u306e\u5f8c\u30012021\u5e74\u304b\u30892022\u5e74\u306b\u304b\u3051\u3066\u7269\u4fa1\u306f\u4e16\u754c\u7684\u306b\u9ad8\u9a30\u3057\u3001\u305d\u306e\u5f8c\u53ce\u307e\u3063\u305f\u3002\u305d\u306e\u69d8\u5b50\u306f\u3001\u4f8b\u3048\u3070\u30b3\u30ed\u30ca\u5f8c\u306e\u539f\u6cb9\u4fa1\u683c\u306e\u63a8\u79fb\u3092\u898b\u308c\u3070\u5206\u304b\u308b\u3060\u308d\u3046\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\/2025-8-29-wti-crude-oil-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"571\" height=\"552\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-29-wti-crude-oil-chart.png\" alt=\"\" class=\"wp-image-69672\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-29-wti-crude-oil-chart.png 571w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-29-wti-crude-oil-chart-300x290.png 300w\" sizes=\"auto, (max-width: 571px) 100vw, 571px\" \/><\/a><\/figure>\n\n\n\n<p>\u7269\u4fa1\u3082\u307b\u307c\u3053\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002\u3060\u304c\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u305d\u306e\u5f8c\u3082\u65e5\u672c\u306e\u5546\u793e\u682a\u3092\u5f90\u3005\u306b\u8cb7\u3044\u5897\u3057\u3001\u4eca\u6708\u3064\u3044\u306b\u4e09\u83f1\u5546\u4e8b\u306e\u4fdd\u6709\u6bd4\u7387\u304c10%\u3092\u8d85\u3048\u305f\u3068\u3044\u3046\u3002<\/p>\n\n\n\n<p>\u73fe\u72b6\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u3042\u308b\u7a0b\u5ea6\u53ce\u307e\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c\u5546\u793e\u682a\u3092\u8cb7\u3044\u7d9a\u3051\u3066\u3044\u308b\u7406\u7531\u306b\u306f\u3001\u6050\u3089\u304f2\u3064\u306e\u3053\u3068\u304c\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u30a4\u30f3\u30d5\u30ec\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>\u307e\u305a\u7b2c\u4e00\u306b\u3001\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u76f8\u5834\u304c\u307e\u3060\u7d42\u308f\u3063\u3066\u3044\u306a\u3044\u3068\u601d\u3063\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002\u30a8\u30cd\u30eb\u30ae\u30fc\u8cc7\u6e90\u3084\u91d1\u5c5e\u3001\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u9298\u67c4\u306f\u3001\u3084\u306f\u308a\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3089\u306a\u3051\u308c\u3070\u9ad8\u5024\u306b\u306a\u3089\u306a\u3044\u3002\u30c7\u30d5\u30ec\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u72b6\u6cc1\u3067\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c\u5546\u793e\u682a\u3092\u8cb7\u3044\u5897\u3059\u3068\u306f\u8003\u3048\u304c\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u9577\u671f\u6295\u8cc7\u3068\u306f\u3044\u3048\u3001\u5546\u793e\u682a\u3092\u8cb7\u3044\u5897\u3059\u306b\u3042\u305f\u3063\u3066\u3001\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u5404\u56fd\u306e\u91d1\u878d\u653f\u7b56\uff08\u7279\u306b\u30a2\u30e1\u30ea\u30ab\u3068\u65e5\u672c\uff09\u3092\u6ce8\u610f\u6df1\u304f\u898b\u5b88\u3063\u3066\u3044\u308b\u306f\u305a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u91d1\u878d\u7de9\u548c\u306b\u7a4d\u6975\u7684\u306a\u4eba\u7269\u3092Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u65b0\u8b70\u9577\u306b\u636e\u3048\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68361\" data-type=\"post\" data-id=\"68361\">\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306b3%\u306e\u5229\u4e0b\u3052\u3092\u8981\u6c42\u3001\u30c9\u30eb\u4e0b\u843d\u3092\u5f8c\u62bc\u3057<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68740\" data-type=\"post\" data-id=\"68740\">\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u5f8c\u4efb\u306f\u5e74\u5185\u306b\u767a\u8868\u3055\u308c\u3001\u91d1\u878d\u7de9\u548c\u3092\u78ba\u5b9f\u306b\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305f\u3001\u65e5\u672c\u3067\u3082\u8d85\u9577\u671f\u56fd\u50b5\u306e\u4e0b\u843d\u304c\u6b62\u307e\u3089\u305a\u3001\u65e5\u9280\u306f\u91cf\u7684\u7de9\u548c\u306e\u7e2e\u5c0f\u306e\u30da\u30fc\u30b9\u3092\u843d\u3068\u3055\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3082\u65e5\u672c\u3082\u56fd\u50b5\u306e\u8cb7\u3044\u652f\u3048\u306e\u305f\u3081\u306b\u4e2d\u592e\u9280\u884c\u306b\u7de9\u548c\u3092\u3055\u305b\u305f\u3044\u306e\u3067\u3042\u308b\u3002\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u3053\u3046\u3057\u305f\u72b6\u6cc1\u3092\u898b\u3066\u30012020\u5e74\u306b\u59cb\u3081\u305f\u30a4\u30f3\u30d5\u30ec\u30c8\u30ec\u30fc\u30c9\u3092\u7d99\u7d9a\u3057\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u5186\u5b89\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>\u307e\u305f\u3001\u3053\u306e\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u5546\u793e\u682a\u8cb7\u3044\u306b\u306f\u3082\u30461\u3064\u306e\u5074\u9762\u304c\u3042\u308b\u3002\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u5546\u793e\u682a\u3092\u8cb7\u3046\u8cc7\u91d1\u3092\u5186\u5efa\u3066\u3067\u501f\u7528\u3057\u3066\u8abf\u9054\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3082\u3061\u308d\u3093\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306b\u5546\u793e\u682a\u3092\u8cb7\u3046\u304a\u91d1\u304c\u306a\u304b\u3063\u305f\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u3042\u3048\u3066\u65e5\u672c\u5186\u3067\u501f\u91d1\u3092\u3057\u3066\u5546\u793e\u682a\u3092\u8cb7\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u65e5\u672c\u5186\u3092\u501f\u308a\u3066\u6295\u8cc7\u3092\u884c\u306a\u3046\u5834\u5408\u3001\u307e\u305a\u306f\u5186\u3092\u8ab0\u304b\u304b\u3089\u501f\u308a\u3066\u3001\u305d\u308c\u3092\u5e02\u5834\u3067\u58f2\u3063\u3066\u4ee3\u308f\u308a\u306b\u5546\u793e\u682a\u3092\u53d7\u3051\u53d6\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u306e\u300c\u501f\u308a\u305f\u3082\u306e\u3092\u58f2\u308b\u300d\u624b\u7d9a\u304d\u306f\u3001\u307e\u3055\u306b\u7a7a\u58f2\u308a\u306e\u624b\u7d9a\u304d\u3068\u540c\u3058\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u5546\u793e\u682a\u3092\u8cb7\u3046\u3068\u540c\u6642\u306b\u540c\u984d\u306e\u65e5\u672c\u5186\u3092\u7a7a\u58f2\u308a\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3042\u308a\u3001\u3064\u307e\u308a\u3053\u306e\u5186\u306e\u501f\u7528\u306f\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c\u5186\u306e\u4e0b\u843d\u306b\u5099\u3048\u308b\u70ba\u66ff\u30d8\u30c3\u30b8\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u70ba\u66ff\u30d8\u30c3\u30b8\u306b\u3088\u3063\u3066\u3001\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u65e5\u672c\u5186\u304c\u4e0b\u304c\u3063\u305f\u5834\u5408\u306b\u3082\u3053\u306e\u65e5\u672c\u682a\u30dd\u30b8\u30b7\u30e7\u30f3\u3067\u640d\u5931\u3092\u88ab\u308b\u3053\u3068\u304c\u306a\u3044\u3002\u3080\u3057\u308d\u3001\u5186\u5b89\u306b\u3088\u3063\u3066\u5546\u793e\u682a\u304c\u4e0a\u304c\u3063\u305f\u5834\u5408\u3001\u305d\u306e\u5229\u76ca\u3092\u305d\u306e\u307e\u307e\u624b\u306b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n\n\n\n<p>\u30a8\u30cd\u30eb\u30ae\u30fc\u8cc7\u6e90\u3084\u91d1\u5c5e\u3001\u8fb2\u4f5c\u7269\u306a\u3069\u3092\u751f\u7523\u3059\u308b\u5546\u793e\u682a\u3092\u5186\u3092\u7a7a\u58f2\u308a\u3057\u306a\u304c\u3089\u4fdd\u6709\u3059\u308b\u3053\u3068\u306f\u3001\u305d\u308c\u3089\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u9298\u67c4\u306b\u5bfe\u3059\u308b\u65e5\u672c\u5186\u306e\u4e0b\u843d\u306b\u8ced\u3051\u3066\u3044\u308b\u3082\u540c\u7136\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306e\u65e5\u672c\u5186\u306b\u5bfe\u3059\u308b\u76f8\u5834\u89b3\u306f\u660e\u78ba\u3067\u3042\u308b\u3002\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u3053\u306e\u5546\u793e\u8cb7\u3044\u3068\u65e5\u672c\u5186\u58f2\u308a\u306e\u7d44\u307f\u5408\u308f\u305b\u306b\u3064\u3044\u3066\u3001\u4eca\u5e74\u306e\u682a\u4e3b\u7dcf\u4f1a\u3067\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u305f\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<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3053\u306e\u65e5\u672c\u682a\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3064\u3044\u3066\u306f\u70ba\u66ff\u30d8\u30c3\u30b8\u304c\u3067\u304d\u305f\u3002\u3053\u308c\u3089\u306e\u9298\u67c4\u306f50\u5e74\u3084100\u5e74\u4fdd\u6709\u3059\u308b\u4e88\u5b9a\u3067\u3001\u65e5\u672c\u5186\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u9298\u67c4\u3060\u304b\u3089\u3060\u3002\u3069\u3046\u306a\u308b\u304b\u7c21\u5358\u306b\u4e88\u60f3\u3067\u304d\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u65e5\u672c\u5186\u306e50\u5e74\u5f8c\u306e\u59ff\u306f\u300c\u7c21\u5358\u306b\u4e88\u60f3\u3067\u304d\u308b\u300d\u305d\u3046\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u3053\u306e\u682a\u4e3b\u7dcf\u4f1a\u3067\u6b21\u306e\u3088\u3046\u306b\u3082\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u653f\u5e9c\u304c\u901a\u8ca8\u306e\u4fa1\u5024\u3092\u4e0b\u843d\u3055\u305b\u3088\u3046\u3068\u3059\u308b\u50be\u5411\u306f\u3001\u5236\u5ea6\u306a\u3069\u306b\u3088\u3063\u3066\u9632\u3050\u3053\u3068\u304c\u3067\u304d\u306a\u3044\u3002\u3069\u3093\u306a\u72ec\u88c1\u8005\u3067\u3082\u653f\u6cbb\u5bb6\u3067\u3082\u9023\u308c\u3066\u304f\u308b\u3053\u3068\u306f\u3067\u304d\u308b\u304c\u3001\u7d50\u5c40\u306f\u901a\u8ca8\u3092\u5f31\u3081\u308b\u5727\u529b\u304c\u304b\u304b\u308b\u3002<\/p>\n\n\n\n<p>\u7d4c\u6e08\u5b66\u306a\u308a\u4f55\u306a\u308a\u3092\u5b66\u3093\u3060\u3068\u3053\u308d\u3067\u3001\u8ab0\u304b\u304c\u901a\u8ca8\u306e\u652f\u914d\u6a29\u3092\u63e1\u308c\u3070\u3001\u7d19\u5e63\u3092\u5370\u5237\u3057\u3001\u4f55\u4e16\u7d00\u3082\u524d\u306b\u884c\u308f\u308c\u305f\u3088\u3046\u306b\u901a\u8ca8\u306e\u4fa1\u5024\u3092\u4e0b\u3052\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u653f\u6cbb\u5bb6\u306e\u672c\u8cea\u3089\u3057\u3044\u3002\u653f\u6cbb\u5bb6\u304c\u90aa\u60aa\u306a\u4eba\u9593\u3060\u3068\u304b\u8a00\u3044\u305f\u3044\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u3060\u304c\u3001\u901a\u8ca8\u3092\u9577\u671f\u7684\u306b\u7121\u4fa1\u5024\u306b\u3059\u308b\u3053\u3068\u304c\u653f\u5e9c\u306b\u3068\u3063\u3066\u81ea\u7136\u306a\u3053\u3068\u3067\u3042\u308b\u3088\u3046\u3060\u3002\u305d\u3057\u3066\u305d\u308c\u306f\u91cd\u5927\u306a\u7d50\u679c\u3092\u3082\u305f\u3089\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306b\u3068\u3063\u3066\u3001\u3053\u306e\u5546\u793e\u682a\u306e\u8cb7\u3044\u3068\u65e5\u672c\u5186\u306e\u58f2\u308a\u306f\u3001\u7d19\u5e63\u5370\u5237\u3068\u30a4\u30f3\u30d5\u30ec\u304b\u3089\u5229\u76ca\u3092\u5f97\u308b\u624b\u6bb5\u3067\u3042\u308b\u3089\u3057\u3044\u3002<\/p>\n\n\n\n<p>\u7d19\u5e63\u5370\u5237\u306e\u679c\u3066\u306b\u65e5\u672c\u3068\u30a2\u30e1\u30ea\u30ab\u306f\u3069\u3046\u306a\u308b\u306e\u304b\u3002\u305d\u308c\u306f\u307e\u3055\u306b\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\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\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u3053\u306e\u672c\u3067\u3001\u6b74\u53f2\u4e0a\u306e\u5927\u56fd\u304c\u30a4\u30f3\u30d5\u30ec\u3067\u7834\u7dbb\u3057\u305f\u4e8b\u4f8b\u3092\u4ea4\u3048\u3066\u5148\u9032\u56fd\u306e\u3053\u308c\u304b\u3089\u3092\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u3082\u30c0\u30ea\u30aa\u6c0f\u3068\u540c\u3058\u672a\u6765\u3092\u898b\u3066\u3044\u308b\u3089\u3057\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68443\" data-type=\"post\" data-id=\"68443\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u30c9\u30eb\u4e0b\u843d\u306b\u8ced\u3051\u308b\u3079\u304d\u3001\u91d1\u878d\u7de9\u548c\u3067\u30c9\u30eb\u5b89\u3068\u30a4\u30f3\u30d5\u30ec\u306f\u6fc0\u5316\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><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><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u304c\u7387\u3044\u308bBerkshire Hathaway\u304c\u30b3\u30ed\u30ca\u4ee5\u5f8c\u3001\u65e5\u672c\u306e\u5546\u793e\u682a\u3092\u5927\u304d\u304f\u8cb7\u3063\u3066\u3044\u308b\u3053\u3068\u306f\u77e5\u3089\u308c\u3066\u3044\u308b\u304c\u3001\u4e09\u83f1\u5546\u4e8b\u306b\u3088\u308c\u3070\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u4e09\u83f1\u5546\u4e8b\u682a\u3092\u8cb7\u3044\u5897\u3057\u3001\u8b70\u6c7a\u6a29\u6bd4\u7387\u304c10%\u3092\u8d85\u3048\u305f\u3068\u3044\u3046\u3002 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/69660\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u3001\u65e5\u672c\u306e\u5546\u793e\u682a\u3092\u8cb7\u3044\u5897\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u3068\u5186\u5b89\u60aa\u5316\u3092\u5f15\u304d\u7d9a\u304d\u4e88\u60f3\u304b<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,19],"tags":[207],"class_list":["post-69660","post","type-post","status-publish","format-standard","hentry","category-usdjpy","category-foreign-exchange-market","tag-warren-baffett"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69660","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=69660"}],"version-history":[{"count":48,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69660\/revisions"}],"predecessor-version":[{"id":69709,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69660\/revisions\/69709"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=69660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=69660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=69660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}