{"id":1236,"date":"2026-03-14T01:45:53","date_gmt":"2026-03-13T17:45:53","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=1236"},"modified":"2026-03-14T01:45:53","modified_gmt":"2026-03-13T17:45:53","slug":"%e3%80%8a%e5%a4%a7%e5%8d%96%e7%a9%ba%e3%80%8b%e6%9c%ac%e5%b0%8a-michael-burry-%e8%ad%a6%e5%91%8a%ef%bc%9a%e6%af%94%e7%89%b9%e5%b8%81%e5%b4%a9%e8%b7%8c%e5%bc%95%e7%88%86%e9%bb%84%e9%87%91%e3%80%81","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=1236","title":{"rendered":"\u300a\u5927\u5356\u7a7a\u300b\u672c\u5c0a Michael Burry \u8b66\u544a\uff1a\u6bd4\u7279\u5e01\u5d29\u8dcc\u5f15\u7206\u9ec4\u91d1\u3001\u767d\u94f6\u903e 10 \u4ebf\u7f8e\u5143\u629b\u552e\u6f6e"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"\u300a\u5927\u5356\u7a7a\u300b\u672c\u5c0a Michael Burry \u8b66\u544a\uff1a\u6bd4\u7279\u5e01\u5d29\u8dcc\u5f15\u7206\u9ec4\u91d1\u3001\u767d\u94f6\u903e 10 \u4ebf\u7f8e\u5143\u629b\u552e\u6f6e\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2026\/02\/1x-1-2-750x375.webp\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2026\/02\/1x-1-2-750x375.webp 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2026\/02\/1x-1-2-360x180.webp 360w, https:\/\/blockcast.it\/wp-content\/uploads\/2026\/02\/1x-1-2-1140x570.webp 1140w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u300a\u5927\u5356\u7a7a\u300b\u672c\u5c0a Michael Burry \u8b66\u544a\uff1a\u6bd4\u7279\u5e01\u5d29\u8dcc\u5f15\u7206\u9ec4\u91d1\u3001\u767d\u94f6\u903e 10 \u4ebf\u7f8e\u5143\u629b\u552e\u6f6e\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p>\u66fe\u7ecf\u7cbe\u51c6\u9884\u8a00 2008 \u5e74\u91d1\u878d\u6d77\u5578\u3001\u7535\u5f71\u300a\u5927\u5356\u7a7a\u300b\uff08The Big Short\uff09\u672c\u5c0a \u2014\u2014 \u8d1d\u745e\uff08Michael Burry\uff09\u8b66\u544a\uff0c\u6bd4\u7279\u5e01\u8fd1\u671f\u7684\u8df3\u6c34\u5f0f\u4e0b\u8dcc\uff0c\u6b63\u5728\u91d1\u878d\u5e02\u573a\u5f15\u53d1\u5267\u70c8\u7684\u8fde\u9501\u6548\u5e94\uff0c\u751a\u81f3\u8fde\u9ec4\u91d1\u3001\u767d\u94f6\u4e5f\u96be\u9003\u4e00\u52ab\uff0c\u6ca6\u4e3a\u673a\u6784\u6295\u8d44\u4eba\u7684\u300c\u63d0\u6b3e\u673a\u300d\u3002<\/p>\n<p>Michael Burry \u5468\u4e00\u5728 Substack \u53d1\u6587\u6307\u51fa\uff0c\u968f\u8457\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u91cd\u632b\uff0c\u8bb8\u591a\u673a\u6784\u6295\u8d44\u4eba\u3001\u4f01\u4e1a\u8d22\u52a1\u4e3b\u7ba1\u4e3a\u4e86\u586b\u8865\u4e8f\u635f\u6216\u5e94\u5bf9\u6d41\u52a8\u6027\u9700\u6c42\uff0c\u53ef\u80fd\u88ab\u8feb\u629b\u552e\u624b\u4e2d\u5176\u4ed6\u7684\u83b7\u5229\u8d44\u4ea7\uff0c\u8fdb\u800c\u5f15\u53d1\u8fde\u9501\u5f0f\u7684\u53bb\u6760\u6746\u6548\u5e94\u3002\u4ed6\u5199\u9053\uff1a<\/p>\n<div class=\"block-in-article-banner-1\" id=\"block-887695034\">\n<div style=\"margin-left: auto;margin-right: auto;text-align: center\" id=\"block-2346990385\" data-block-trackid=\"132335\" data-block-trackbid=\"1\" class=\"block-target\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/bn-dec-300.png\"  width=\"300\" height=\"300\" style=\"max-width: 100%;height: auto\" title=\"\u300a\u5927\u5356\u7a7a\u300b\u672c\u5c0a Michael Burry \u8b66\u544a\uff1a\u6bd4\u7279\u5e01\u5d29\u8dcc\u5f15\u7206\u9ec4\u91d1\u3001\u767d\u94f6\u903e 10 \u4ebf\u7f8e\u5143\u629b\u552e\u6f6e\u63d2\u56fe1\" alt=\"\u300a\u5927\u5356\u7a7a\u300b\u672c\u5c0a Michael Burry \u8b66\u544a\uff1a\u6bd4\u7279\u5e01\u5d29\u8dcc\u5f15\u7206\u9ec4\u91d1\u3001\u767d\u94f6\u903e 10 \u4ebf\u7f8e\u5143\u629b\u552e\u6f6e\u63d2\u56fe1\" \/><\/div>\n<\/div>\n<blockquote>\n<p><strong>\u7531\u4e8e\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u4e0b\u8dcc\uff0c\u4f3c\u4e4e\u6709\u9ad8\u8fbe 10 \u4ebf\u7f8e\u5143\u7684\u8d35\u91d1\u5c5e\u5728\u6708\u5e95\u88ab\u629b\u552e\u3002<\/strong><\/p>\n<\/blockquote>\n<p>Michael Burry \u8ba4\u4e3a\uff0c\u4eca\u5e74 1 \u6708\u5e95\u9ec4\u91d1\u3001\u767d\u94f6\u540c\u6b65\u8d70\u8dcc\uff0c\u4e3b\u8981\u7531\u6295\u673a\u5ba2\u3001\u4f01\u4e1a\u8d22\u52a1\u4e3b\u7ba1\u96c6\u4f53\u629b\u552e\u9020\u6210\u3002\u5f53\u6bd4\u7279\u5e01\u90e8\u4f4d\u4e8f\u635f\u6269\u5927\uff0c\u4ed6\u4eec\u6025\u4e8e\u629b\u552e\u624b\u4e2d\u4ecd\u6709\u83b7\u5229\u7684\u4ee3\u5e01\u5316\u9ec4\u91d1\u3001\u767d\u94f6\u671f\u8d27\u4ee5\u964d\u4f4e\u98ce\u9669\uff0c\u800c\u8fd9\u79cd\u300c\u5356\u5f3a\u8865\u5f31\u300d\u7684\u64cd\u4f5c\uff0c\u76f4\u63a5\u62d6\u7d2f\u4e86\u8d35\u91d1\u5c5e\u7684\u8868\u73b0\u3002<\/p>\n<p>\u6bd4\u7279\u5e01\u4eca\uff084\uff09\u65e5\u51cc\u6668\u4e00\u5ea6\u8dcc\u7834 7.3 \u4e07\u7f8e\u5143\uff0c\u8f83\u8fd1\u671f\u9ad8\u70b9\u56de\u6863 40% \u3002 Michael Burry \u8868\u793a\uff0c\u8fd9\u6ce2\u4fee\u6b63\u66b4\u9732\u4e86\u52a0\u5bc6\u8d27\u5e01\u57fa\u7840\u7684\u8106\u5f31\u6027\uff0c\u5e76\u5bf9\u6301\u6709\u5927\u91cf\u6bd4\u7279\u5e01\u7684\u516c\u53f8\u6784\u6210\u5a01\u80c1\uff0c\u4f8b\u5982 Strategy\uff08MSTR\uff09\u3002<\/p>\n<p>Michael Burry \u5bf9\u6bd4\u7279\u5e01\u540e\u5e02\u7684\u770b\u6cd5\u6781\u5ea6\u60b2\u89c2\u3002\u4ed6\u8bf4\uff1a<\/p>\n<blockquote>\n<p><strong>\u4ece\u57fa\u672c\u4f7f\u7528\u9700\u6c42\u6765\u770b\uff0c\u6211\u770b\u4e0d\u5230\u4efb\u4f55\u7406\u7531\uff0c\u80fd\u8ba9\u6bd4\u7279\u5e01\u8dcc\u52bf\u653e\u7f13\u751a\u81f3\u6b62\u8dcc\u3002<\/strong><\/p>\n<\/blockquote>\n<p>\u4ed6\u8b66\u544a\u79f0\uff0c\u82e5\u6bd4\u7279\u5e01\u4ef7\u683c\u8fdb\u4e00\u6b65\u8dcc\u81f3 5 \u4e07\u7f8e\u5143\u5173\u5361\uff0c\u4e0d\u4ec5\u77ff\u4e1a\u516c\u53f8\u6050\u9762\u4e34\u5927\u89c4\u6a21\u7834\u4ea7\u98ce\u9669\uff0c\u5c31\u8fde\u4ee3\u5e01\u5316\u8d35\u91d1\u5c5e\u671f\u8d27\u5e02\u573a\uff0c\u4e5f\u53ef\u80fd\u4f1a\u5f7b\u5e95\u5d29\u76d8\uff0c\u6ca6\u4e3a\u300c\u6ca1\u6709\u4e70\u5bb6\u63a5\u76d8\u7684\u9ed1\u6d1e\u300d\u3002<\/p>\n<p>\u5bf9\u4e8e\u6bd4\u7279\u5e01\u4f5c\u4e3a\u300c\u6570\u4f4d\u907f\u9669\u8d44\u4ea7\u300d\u3001\u300c\u9ec4\u91d1\u66ff\u4ee3\u54c1\u300d\u7684\u53d9\u4e8b\uff0cMichael Burry \u66f4\u662f\u55e4\u4e4b\u4ee5\u9f3b\u3002\u4ed6\u8ba4\u4e3a\uff0c\u300c\u4f01\u4e1a\u50a8\u5907\u8d44\u4ea7\u5e76\u975e\u6c38\u4e45\u7684\u62a4\u8eab\u7b26\u300d\uff0c\u5e02\u573a\u666e\u904d\u5bc4\u671b\u4e8e\u4f01\u4e1a\u4e0e\u673a\u6784\u8fdb\u573a\u3001\u5c06\u6bd4\u7279\u5e01\u7eb3\u5165\u8d44\u4ea7\u8d1f\u503a\u8868\uff0c\u80fd\u4e3a\u4ef7\u683c\u63d0\u4f9b\u957f\u671f\u652f\u6491\uff0c\u8fd9\u79cd\u60f3\u6cd5\u672c\u8eab\u5c31\u7ad9\u4e0d\u4f4f\u811a\u3002<\/p>\n<p>\u5728\u4ed6\u770b\u6765\uff0c\u5148\u524d\u6bd4\u7279\u5e01\u7684\u725b\u5e02\u5b8c\u5168\u662f\u9760\u73b0\u8d27 ETF \u3001\u673a\u6784\u4e70\u76d8\u5806\u53e0\u51fa\u6765\u7684\uff0c\u4f46\u8fd9\u4e9b\u90fd\u53ea\u662f\u6682\u65f6\u6027\u7684\u8d44\u91d1\u72c2\u6b22\uff0c\u800c\u975e\u771f\u6b63\u88ab\u5e7f\u6cdb\u91c7\u7528\u3002 Michael Burry \u8ba4\u4e3a\uff0c\u6bd4\u7279\u5e01\u81f3\u4eca\u4ecd\u662f\u6295\u673a\u5546\u54c1\uff0c\u7f3a\u4e4f\u5185\u5728\u4ef7\u503c\u951a\u5b9a\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u66fe\u7ecf\u7cbe\u51c6\u9884\u8a00 2008 \u5e74\u91d1\u878d\u6d77\u5578\u3001\u7535\u5f71\u300a\u5927\u5356\u7a7a\u300b\uff08The Big Short\uff09\u672c\u5c0a \u2014\u2014 \u8d1d\u745e\uff08Michae [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1237,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1236"}],"version-history":[{"count":1,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1236\/revisions"}],"predecessor-version":[{"id":7198,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1236\/revisions\/7198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/1237"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}