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	<title>〈長期投資基本觀念 〉彙整頁面 - 葛八的長期投資：「複利機器百倍股」</title>
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	<link>https://www.valuecompounder.com/category/long-term-investing-in-compounders/</link>
	<description>筆名：「葛巴蒙」，大家都叫我「葛八」！</description>
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	<title>〈長期投資基本觀念 〉彙整頁面 - 葛八的長期投資：「複利機器百倍股」</title>
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	<item>
		<title>Margin of safety 安全邊際</title>
		<link>https://www.valuecompounder.com/margin-of-safety-%e5%ae%89%e5%85%a8%e9%82%8a%e9%9a%9b/</link>
					<comments>https://www.valuecompounder.com/margin-of-safety-%e5%ae%89%e5%85%a8%e9%82%8a%e9%9a%9b/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Tue, 28 Apr 2026 12:47:14 +0000</pubDate>
				<category><![CDATA[內在價值]]></category>
		<category><![CDATA[長期投資基本觀念]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=5452</guid>

					<description><![CDATA[<p>有關估值技術的文章中，葛八介紹了用來估內在價值的啟動數據是 &#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/margin-of-safety-%e5%ae%89%e5%85%a8%e9%82%8a%e9%9a%9b/">Margin of safety 安全邊際</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
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			</item>
		<item>
		<title>Growth Trap 成長股陷阱</title>
		<link>https://www.valuecompounder.com/growth-trap-%e6%88%90%e9%95%b7%e8%82%a1%e9%99%b7%e9%98%b1/</link>
					<comments>https://www.valuecompounder.com/growth-trap-%e6%88%90%e9%95%b7%e8%82%a1%e9%99%b7%e9%98%b1/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Mon, 06 Apr 2026 12:04:29 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=5377</guid>

					<description><![CDATA[<p>（本文中的 「growth trap 成長股陷阱」等同「qu&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/growth-trap-%e6%88%90%e9%95%b7%e8%82%a1%e9%99%b7%e9%98%b1/">Growth Trap 成長股陷阱</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>投資人看競爭優勢</title>
		<link>https://www.valuecompounder.com/%e6%8a%95%e8%b3%87%e4%ba%ba%e7%9c%8b%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2/</link>
					<comments>https://www.valuecompounder.com/%e6%8a%95%e8%b3%87%e4%ba%ba%e7%9c%8b%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Wed, 17 Dec 2025 05:25:36 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=4996</guid>

					<description><![CDATA[<p>波特的五力分析，大家都耳熟能詳。身為一個經營者，為求公司的生&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/%e6%8a%95%e8%b3%87%e4%ba%ba%e7%9c%8b%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2/">投資人看競爭優勢</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
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			</item>
		<item>
		<title>持久(V.)⋅競爭優勢</title>
		<link>https://www.valuecompounder.com/%e6%8c%81%e4%b9%85v-%e2%8b%85%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2-2/</link>
					<comments>https://www.valuecompounder.com/%e6%8c%81%e4%b9%85v-%e2%8b%85%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2-2/#comments</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Thu, 03 Oct 2024 10:19:21 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<category><![CDATA[持久競爭優勢]]></category>
		<category><![CDATA[護城河]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=3965</guid>

					<description><![CDATA[<p>持續上一篇，這篇是葛八談論「競爭」的第三篇，首先葛八要對標題&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/%e6%8c%81%e4%b9%85v-%e2%8b%85%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2-2/">持久(V.)⋅競爭優勢</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
]]></description>
		
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			<slash:comments>3</slash:comments>
		
		
			</item>
		<item>
		<title>競爭優勢 competitive advantage</title>
		<link>https://www.valuecompounder.com/%e6%8c%81%e4%b9%85v-%e2%8b%85%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2/</link>
					<comments>https://www.valuecompounder.com/%e6%8c%81%e4%b9%85v-%e2%8b%85%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Mon, 30 Sep 2024 08:23:32 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<category><![CDATA[持久競爭優勢]]></category>
		<category><![CDATA[護城河]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=3893</guid>

					<description><![CDATA[<p>在進入本文之前，針對本文標題，葛八想要先說文解字一番。 競爭&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/%e6%8c%81%e4%b9%85v-%e2%8b%85%e7%ab%b6%e7%88%ad%e5%84%aa%e5%8b%a2/">競爭優勢 competitive advantage</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>最好的競爭就是：？</title>
		<link>https://www.valuecompounder.com/%e6%9c%80%e5%a5%bd%e7%9a%84%e7%ab%b6%e7%88%ad%e5%b0%b1%e6%98%af%ef%bc%9a%ef%bc%9f/</link>
					<comments>https://www.valuecompounder.com/%e6%9c%80%e5%a5%bd%e7%9a%84%e7%ab%b6%e7%88%ad%e5%b0%b1%e6%98%af%ef%bc%9a%ef%bc%9f/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Fri, 27 Sep 2024 15:07:05 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=3850</guid>

					<description><![CDATA[<p>如果談到競爭/競爭優勢/護城河，大概大家都會對 Pat Do&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/%e6%9c%80%e5%a5%bd%e7%9a%84%e7%ab%b6%e7%88%ad%e5%b0%b1%e6%98%af%ef%bc%9a%ef%bc%9f/">最好的競爭就是：？</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>Key variables 關鍵指標</title>
		<link>https://www.valuecompounder.com/key-variables-%e9%97%9c%e9%8d%b5%e6%8c%87%e6%a8%99/</link>
					<comments>https://www.valuecompounder.com/key-variables-%e9%97%9c%e9%8d%b5%e6%8c%87%e6%a8%99/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Sat, 17 Feb 2024 08:32:20 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=3778</guid>

					<description><![CDATA[<p>在閱讀年報、試著了解一家公司的時候，常常困擾葛八的一件事是：&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/key-variables-%e9%97%9c%e9%8d%b5%e6%8c%87%e6%a8%99/">Key variables 關鍵指標</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>閱讀年報 Reading annual reports</title>
		<link>https://www.valuecompounder.com/%e4%ba%86%e8%a7%a3%e5%85%ac%e5%8f%b8-%e2%8b%85-%e9%96%b1%e8%ae%80%e5%b9%b4%e5%a0%b1/</link>
					<comments>https://www.valuecompounder.com/%e4%ba%86%e8%a7%a3%e5%85%ac%e5%8f%b8-%e2%8b%85-%e9%96%b1%e8%ae%80%e5%b9%b4%e5%a0%b1/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Wed, 06 Dec 2023 09:24:26 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=3543</guid>

					<description><![CDATA[<p>葛八想要用這篇文章分享 Warren Buffett 怎麼閱&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/%e4%ba%86%e8%a7%a3%e5%85%ac%e5%8f%b8-%e2%8b%85-%e9%96%b1%e8%ae%80%e5%b9%b4%e5%a0%b1/">閱讀年報 Reading annual reports</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
]]></description>
		
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		<title>他/她在執行價值投資嗎（二）？雷區篇</title>
		<link>https://www.valuecompounder.com/%e4%bb%96-%e5%a5%b9%e5%9c%a8%e5%9f%b7%e8%a1%8c%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e5%97%8e%ef%bc%88%e4%ba%8c%ef%bc%89%ef%bc%9f%e9%9b%b7%e5%8d%80%e7%af%87/</link>
					<comments>https://www.valuecompounder.com/%e4%bb%96-%e5%a5%b9%e5%9c%a8%e5%9f%b7%e8%a1%8c%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e5%97%8e%ef%bc%88%e4%ba%8c%ef%bc%89%ef%bc%9f%e9%9b%b7%e5%8d%80%e7%af%87/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Wed, 15 Nov 2023 16:30:08 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=3450</guid>

					<description><![CDATA[<p>上一篇，葛八用各種特徵、原則、定義來正面表述價值投資，然而似&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/%e4%bb%96-%e5%a5%b9%e5%9c%a8%e5%9f%b7%e8%a1%8c%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e5%97%8e%ef%bc%88%e4%ba%8c%ef%bc%89%ef%bc%9f%e9%9b%b7%e5%8d%80%e7%af%87/">他/她在執行價值投資嗎（二）？雷區篇</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
]]></description>
		
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		<item>
		<title>他/她在執行價值投資嗎（一）？釋義篇</title>
		<link>https://www.valuecompounder.com/%e4%bb%96-%e5%a5%b9%e5%9c%a8%e5%9f%b7%e8%a1%8c%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e5%97%8e%ef%bc%9f/</link>
					<comments>https://www.valuecompounder.com/%e4%bb%96-%e5%a5%b9%e5%9c%a8%e5%9f%b7%e8%a1%8c%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e5%97%8e%ef%bc%9f/#respond</comments>
		
		<dc:creator><![CDATA[葛八]]></dc:creator>
		<pubDate>Mon, 30 Oct 2023 06:43:04 +0000</pubDate>
				<category><![CDATA[長期投資基本觀念]]></category>
		<category><![CDATA[value investing]]></category>
		<category><![CDATA[價值投資]]></category>
		<guid isPermaLink="false">https://www.valuecompounder.com/?p=3381</guid>

					<description><![CDATA[<p>本來葛八在整理資料，準備寫有關 Warren Buffett&#8230;</p>
<p>〈<a href="https://www.valuecompounder.com/%e4%bb%96-%e5%a5%b9%e5%9c%a8%e5%9f%b7%e8%a1%8c%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87%e5%97%8e%ef%bc%9f/">他/她在執行價值投資嗎（一）？釋義篇</a>〉這篇文章最早發佈於《<a href="https://www.valuecompounder.com">葛八的長期投資：「複利機器百倍股」</a>》。</p>
]]></description>
		
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