{"image_url":null,"version":"1.0","provider_name":"Hatena Blog","author_url":"https://blog.hatena.ne.jp/kyorosukeke/","description":"\u554f\u984c\u306e\u6240\u5728 Benjamin Graham\u306e\u683c\u8a00\u300c\u682a\u5f0f\u5e02\u5834\u306f\u77ed\u671f\u7684\u306b\u306f\u4eba\u6c17\u6295\u7968\u3001\u9577\u671f\u7684\u306b\u306f\u8a08\u91cf\u5668\u3068\u306a\u308b\u300d\u306f\u6295\u8cc7\u5bb6\u306e\u9593\u3067\u5e83\u304f\u77e5\u3089\u308c\u308b\u304c\u3001\u305d\u306e\u30e1\u30ab\u30cb\u30ba\u30e0\u306b\u3064\u3044\u3066\u306e\u53b3\u5bc6\u306a\u8003\u5bdf\u306f\u9650\u5b9a\u7684\u3067\u3042\u308b\u3002\u672c\u7a3f\u3067\u306f\u3001\u8a55\u4fa1\u500d\u7387\u306e\u69cb\u9020\u7684\u5236\u7d04\u3068\u6642\u9593\u306b\u3088\u308b\u5909\u52d5\u7387\u306e\u5e0c\u91c8\u3068\u3044\u3046\u4e8c\u3064\u306e\u8996\u70b9\u304b\u3089\u3001\u3053\u306e\u73fe\u8c61\u306e\u6570\u7406\u7684\u57fa\u76e4\u3092\u63d0\u793a\u3059\u308b\u3002 \u30dc\u30c3\u30af\u30b9\u570f\u4eee\u8aac\uff1a\u8a55\u4fa1\u306e\u69cb\u9020\u7684\u5236\u7d04 \u682a\u4fa1\u8a55\u4fa1\u306f\u4efb\u610f\u306e\u6c34\u6e96\u306b\u767a\u6563\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u4e00\u5b9a\u306e\u7bc4\u56f2\u5185\u3067\u5909\u52d5\u3059\u308b\u3002\u3053\u306e\u7bc4\u56f2\u3092\u898f\u5b9a\u3059\u308b\u306e\u306f\u3001\u4f01\u696d\u306e\u5b9f\u614b\u7684\u696d\u7e3e\u6307\u6a19\uff08\u5178\u578b\u7684\u306b\u306fEPS\uff09\u3068\u305d\u308c\u306b\u5bfe\u3059\u308b\u5e02\u5834\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u3067\u3042\u308b\u3002\u6570\u5f0f\u3067\u8868\u73fe\u3059\u308c\u3070\u3001\u682a\u4fa1(P_t)\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u5206\u89e3\u3067\u304d\u308b\uff1a [P_t = \\text{EPS}_t \\\u2026","categories":[],"type":"rich","provider_url":"https://hatena.blog","blog_url":"https://kyorosukeke.hatenablog.com/","width":"100%","url":"https://kyorosukeke.hatenablog.com/entry/2026/01/31/151622","height":"190","html":"<iframe src=\"https://hatenablog-parts.com/embed?url=https%3A%2F%2Fkyorosukeke.hatenablog.com%2Fentry%2F2026%2F01%2F31%2F151622\" title=\"\u682a\u5f0f\u8a55\u4fa1\u306b\u304a\u3051\u308b\u6642\u9593\u3068\u5909\u52d5\u7387\u306e\u6570\u7406\u7684\u8003\u5bdf\uff1a\u4eba\u6c17\u6295\u7968\u304b\u3089\u8a08\u91cf\u5668\u3078\u306e\u53ce\u675f\u30e1\u30ab\u30cb\u30ba\u30e0 - \u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33\" class=\"embed-card embed-blogcard\" scrolling=\"no\" frameborder=\"0\" style=\"display: block; width: 100%; height: 190px; max-width: 500px; margin: 10px 0px;\"></iframe>","title":"\u682a\u5f0f\u8a55\u4fa1\u306b\u304a\u3051\u308b\u6642\u9593\u3068\u5909\u52d5\u7387\u306e\u6570\u7406\u7684\u8003\u5bdf\uff1a\u4eba\u6c17\u6295\u7968\u304b\u3089\u8a08\u91cf\u5668\u3078\u306e\u53ce\u675f\u30e1\u30ab\u30cb\u30ba\u30e0","published":"2026-01-31 15:16:22","author_name":"kyorosukeke","blog_title":"\u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33"}