{"id":987,"date":"2024-10-23T15:59:59","date_gmt":"2024-10-23T06:59:59","guid":{"rendered":"https:\/\/www.eclsm.co.jp\/article\/%e9%95%b7%e9%96%80%e4%b8%b8%e3%80%80%e5%91%a8%e8%88%aa%e8%a8%98%e3%80%8014\/"},"modified":"2024-10-23T15:59:59","modified_gmt":"2024-10-23T06:59:59","slug":"%e9%95%b7%e9%96%80%e4%b8%b8%e3%80%80%e5%91%a8%e8%88%aa%e8%a8%98%e3%80%8014","status":"publish","type":"article","link":"https:\/\/www.eclsm.co.jp\/?article=%e9%95%b7%e9%96%80%e4%b8%b8%e3%80%80%e5%91%a8%e8%88%aa%e8%a8%98%e3%80%8014","title":{"rendered":"\u9577\u9580\u4e38\u3000\u5468\u822a\u8a18\u300014"},"content":{"rendered":"

\u672c\u7a3f\u306f\u6069\u5e2b\u3067\u3042\u308b\u829d\u7530\u5149\u7537\u6c0f\u304c\u79c1\u306b\u8a17\u3055\u308c\u305f\u300c\u90f5\u8239\u6642\u4ee3\u306e\u3053\u3068\u300d\u300c\u6d6a\u4eba\u30fb\u65e9\u7a32\u7530\u5927\u5b66\u6642\u4ee3\u300d\u3068\u3044\u3046\u984c\u540d\u306e\u81ea\u53d9\u4f1d\u306e\u4e00\u90e8\u3067\u3059\u3002\u3069\u3093\u306a\u6642\u3082\u6b63\u7fa9\u3092\u91cd\u3093\u3058\u3001\u81ea\u5206\u3092\u4fe1\u3058\u3066\u4eba\u751f\u3092\u5168\u3046\u3055\u308c\u305f\u829d\u7530\u3055\u3093\u306e\u8db3\u8de1\u3067\u3059\u3002\u53c2\u8003\u306b\u3057\u3066\u9802\u3051\u308c\u3070\u5e78\u3044\u3067\u3059\u3002<\/span><\/p>\n

1<\/span>\uff14<\/span>.<\/span>\u3000\u30dd\u30fc\u30c8\u30d5\u30a9\u30fc\u30ea\u30aa\u7406\u8ad6<\/span><\/p>\n

\u00a0<\/span>\u65e9\u7a32\u7530\u3067\u306e\u5b66\u5712\u751f\u6d3b\u306e\u697d\u3057\u307f\u306e\u4e00\u3064\u306f\u3001\u5404\u7a2e\u306e\u30b9\u30dd\u30fc<\/span> <\/span>\u30c4\u89b3\u6226\u3067\u3042\u308b\u3002\u5927\u5b66\u30e9\u30b0\u30d3\u30fc\u306e\u5bfe\u6297\u6226\u30b0\u30eb\u30fc<\/span> <\/span>\u30d7\u306f\u3001\u660e\u6cbb\u5927\u5b66\u5168\u76db\u6642\u4ee3\u3067\u3042\u308a\u3001\u65e9\u7a32\u7530\u306f<\/span>2<\/span>\u90e8\u306b\u8ee2\u843d\u3059\u308b\u306e\u3067\u306f\u3001\u3068\u8a00\u308f\u308c\u308b\u307b\u3069\u306e\u4f4e\u8ff7\u671f\u306b\u5165\u3063\u3066\u3044\u305f\u3002\u3060\u304c\u3001\u91ce\u7403\u306f\u3001\u5b66\u751f\u91ce\u7403\u306e\u8a9e\u308a\u8349\u3068\u306a\u3063\u3066\u3044\u308b\u662d\u548c<\/span>36<\/span>\u5e74\u306e\u300c\u5b89\u85e4\u306e\u65e9\u6176\u6226<\/span>6<\/span>\u9023\u6295\u300d\u304c\u3042\u3063\u3066\u3001\u5927\u5b66\u5185\u306f\u6cb8\u304d\u306b\u6cb8\u3044\u3066\u3044\u305f\u3002<\/span><\/p>\n

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3<\/span>\u5e74\u306b\u306a\u308b\u3068\u3001\u30bc\u30df\u30ca\u30fc\u30eb\u5165\u4f1a\u5e0c\u671b\u306e\u5b66\u751f\u306f\u3001\u5e0c\u671b\u30bc\u30df\u306e\u6559\u6388\u306e\u9762\u63a5\u3092\u53d7\u3051\u3066\u3001\u305d\u306e\u4e00\u54e1\u3068\u306a\u308b\u3002\u79c1\u306f\u3001\u91d1\u878d\u8ad6\u30bc\u30df\u3092\u4e3b\u5bb0\u3059\u308b\u300c\u671b\u6708\u6559\u6388\u300d\u306e\u9762\u63a5\u3092\u53d7\u3051\u305f\u304c\u3001\u6559\u6388\u306e\u300c<\/span>2<\/span>\u5e74\u9593\u4f55\u3092\u52c9\u5f37\u3057\u3066\u304d\u305f\u304b\u300d\u306e\u554f\u3044\u306b\u3001\u79c1\u306f\u300c\u30de\u30eb\u30af\u30b9\u3092<\/span>\u9f67<\/span><\/span>(<\/rp>\u304b\u3058<\/rt>)<\/rp><\/ruby>\u308a\u307e\u3057\u305f\u3002<\/span><\/span><\/span>\u300d\u3068\u7b54\u3048\u305f\u3002\u3059\u308b\u3068\u3001\u6559\u6388\u306f\u61ae\u7136\u3068\u3057\u3066\u300c\u79c1\u306f\u8fd1\u7d4c\u5b66\u8005\u3060\u300d\u3068\u8a00\u3063\u305f\u3002\u79c1\u306f\u3001\u3072\u3068\u547c\u5438\u304a\u3044\u3066<\/span> <\/span>\u300c\u30de\u30eb\u30af\u30b9\u3092\u793e\u4f1a\u54f2\u5b66\u3068\u3057\u3066\u52c9\u5f37\u3057\u3066\u304d\u305f\u306e\u3067\u3001\u3053\u306e\u5148\u306e\u8fd1\u4ee3\u7d4c\u6e08\u5b66\u306e\u52c9\u5f37\u306b\u306a\u3093\u3089\u652f\u969c\u3092\u304d\u305f\u3059\u3082\u306e\u3067\u306f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u300d\u3068\u53cd\u8ad6\u3057\u305f\u3002\u6559\u6388\u306f\u3001\u82e6\u866b\u3092\u5699\u307f\u306a\u304c\u3089\u66ab\u304f\u8003\u3048\u3066\u3001\u6e0b\u3005\u5165\u4f1a\u3092\u8a8d\u3081\u3066\u304f\u308c\u305f\u3002<\/span><\/p>\n

\u3060\u304c\u3001\u521d\u9854\u5408\u308f\u305b\u306e\u5e2d\u3067\u3001\u6559\u6388\u306f\u6700\u65b0\u306e\u91d1\u878d\u8ad6\u3067\u3042\u308b\u300c<\/span> Portfolio<\/span>\u300d\u306e\u539f\u66f8\u3000<\/span> \u2018\u2019 Money in a theory of Finance by John G. Gurley and Edward S. Saw \u2019\u2019<\/span><\/span>\u3000\u3092\u6559\u6750\u306b\u3059\u308b\u3068\u8a00\u308f\u308c\u305f\u3002\u79c1\u306f\u3001\u3053\u306e\u30bc\u30df\u3067\u8fd1\u4ee3\u7d4c\u6e08\u5b66\u306e\u54f2\u5b66\u3092\u5b66\u3076\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u305f\u3002\u3057\u304b\u3057\u3001\u6559\u6388\u306f\u3044\u304d\u306a\u308a\u5f53\u6642\u306e\u91d1\u878d\u95a2\u4fc2\u8005\u306e\u9593\u306b\u62e1\u304c\u308a\u59cb\u3081\u305f\u30dd\u30fc\u30c8\u30d5\u30a9\u30fc\u30ea\u30aa\u7406\u8ad6\u3092\u53d6\u308a\u4e0a\u3052\u308b\u3068\u3044\u3046\u3002\u305d\u3057\u3066\u3001\u6211\u3005\u3092\u6238\u60d1\u308f\u305b\u305f\u306e\u306f\u3001\u6559\u6388\u304c\u3001\u30ac\u30ec\u30fc\u30b7\u30e7\u30a6\u306e\u539f\u66f8\u3092\u3044\u307e\u3060\u8aad\u307f\u7d42\u3048\u3066\u3044\u306a\u3044\u3053\u3068\u3067\u3042\u3063\u305f\u3002<\/span><\/p>\n

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\u305d\u3057\u3066\u79c1\u9054\u30bc\u30df\u751f\u9054\u306f\u3001\u6b86\u3069\u4e0d\u5728\u306e\u6559\u6388\u306e\u90e8\u5c4b\u3067\u3001\u4eca\u307e\u3067\u805e\u3044\u305f\u3053\u3068\u306e\u306a\u3044\u7d4c\u6e08\u7528\u8a9e\u3092\u8f9e\u66f8\u3092\u5f15\u304d\u5f15\u304d\u3057\u306a\u304c\u3089\u306a\u3093\u3068\u304b\u8aad\u307f\u9032\u3093\u3067\u3044\u3063\u305f\u304c\u3001\u590f\u4f11\u307f\u306e\u76f4\u524d\u9803\u304b\u3089\u5c31\u8077\u6d3b\u52d5\u306e\u70ba\u304b\u3001\u9031<\/span> <\/span>\u4e00\u306e\u30bc\u30df\u306b\u3082\u5b66\u751f\u306f\u3001\u4e00\u4eba\u6b20\u3051\u4e8c\u4eba\u6b20\u3051\u3001\u6700\u5f8c\u306f\u5409\u7530\u5b9a\u5409\u541b\u3068\u79c1\u306e<\/span>2<\/span>\u540d\u3060\u3051\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u3002\u4eca\u601d\u3046\u3068\u3053\u306e\u8ad6\u6587\u306f\u3001<\/span>2<\/span>\u3001<\/span>3<\/span>\u5e74\u304b\u3051\u3066\u793e\u4f1a\u3092\u5b9f\u4f53\u9a13\u3059\u308c\u3070\u96e3\u306a\u304f\u7406\u89e3\u3067\u304d\u308b\u4ee3\u7269\u3060\u308d\u3046\u304c\u3001<\/span>2<\/span>\u4eba\u3060\u3051\u3067\u8aad\u3080\u30dd\u30fc\u30c8\u30d5\u30a9\u30fc\u30ea\u30aa\u8ad6\u306f\u3068\u306b\u304b\u304f\u5473\u6c17\u306a\u304b\u3063\u305f\u3002\u3060\u304c\u3001\u3053\u306e\u30bc\u30df\u306f\u3001\u79c1\u306b\u5409\u7530\u541b\u3068\u3044\u3046\u5f97\u304c\u305f\u3044\u53cb\u3092\u4e0e\u3048\u3066\u304f\u308c\u305f\u3002\u305d\u306e\u5f8c\u3001\u5f7c\u306f\u3001\u4e09\u83f1\u9280\u884c\u306b\u5165\u793e\u3057\u3001\u9577\u3044\u6d77\u5916\u52e4\u52d9\u3092\u7d42\u3048\u3066\u5b9a\u5e74\u9000\u8077\u3068\u306a\u3063\u305f\u304c\u3001\u5e78\u3044\u306b\u3082\u5f7c\u306e\u5bb6\u306f\u6211\u304c\u5bb6\u306b\u8fd1\u304f\u3001\u6642\u6298\u4e92\u3044\u306b\u8a98\u3044\u5408\u3063\u3066\u306f\u3001\u4e0a\u5927\u5ca1\u5468\u8fba\u306e\u5c45\u9152\u5c4b\u3067\u3001\u4e00\u732e\u50be\u3051\u306a\u304c\u3089\u65e7\u4ea4\u3092\u6e29\u3081\u3066\u3044\u308b\u3002\u6050\u3089\u304f\u751f\u6daf\u4ed8\u304d\u5408\u3046\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/span><\/p>\n

\u8aad\u5f8c\u3001\u91d1\u878d\u304c\u3001\u7d4c\u6e08\u306e\u8840\u6db2\u3067\u3042\u308b\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u3044\u304c\u3001<\/span> Portfolio <\/span>\u8ad6\u306e\u884c\u304d\u3064\u304f\u3068\u3053\u308d\u306f\u3001\u8cc7\u672c\u5bb6\u306e\u5229\u76ca\u306e\u6700\u5927\u5316\u306e\u305f\u3081\u306e\u91d1\u878d\u5546\u54c1\u9078\u8003\u306e\u6280\u8853\u8ad6\u3067\u3042\u308a\u3001\u307e\u304b\u308a\u9593\u9055\u3048\u308c\u3070<\/span> <\/span>\u4e00\u90e8\u306e\u8cc7\u672c\u5bb6\u72ec\u308a\u52dd\u3061\u306e\u512a\u52dd\u52a3\u6557\u306e\u6b66\u5668\u3068\u306a\u308a\u3001\u5b9f\u4f53\u7d4c\u6e08\u3092\u53f0\u7121\u3057\u306b\u3057\u3066\u3057\u307e\u3044\u304b\u306d\u306a\u3044\u7406\u8ad6\u3060\u3068\u79c1\u306f\u601d\u3063\u305f<\/span> <\/span><\/p>\n

\u8fd1\u4ee3\u7d4c\u6e08\u5b66\u3092\u5b66\u3076\u306b\u5f53\u305f\u3063\u3066\u3001\u79c1\u306f\u305d\u308c\u3092\u6210\u7acb\u3055\u305b\u3066\u3044\u308b\u54f2\u5b66\u3084\u7406\u5ff5\u3092\u77e5\u308d\u3046\u3068\u5fd7\u3092\u305f\u3066\u305f\u304c\u3001<\/span>Gurley and Saw <\/span>\u306e\u8457\u66f8\u304b\u3089\u306f\u3001\u305d\u306e\u6b20\u7247\u3059\u3089\u898b\u51fa\u305b\u306a\u304b\u3063\u305f\u3002\uff08\u79c1\u304c\u3001<\/span>40<\/span>\u5e74\u524d\u306b\u5b66\u3093\u3060<\/span>Portfolio <\/span>\u3068\u3044\u3046\u8cc7\u7523\u306e\u6700\u9069\u914d\u5206\u8ad6\u306f\u3001\u4eca\u3084\u602a\u3057\u3044\u91d1\u878d\u5de5\u5b66\u3092\u99c6\u4f7f\u3059\u308b\u30c7\u30ea\u30d0\u30c6\u30a3\u30d7\u3068\u5171\u306b\u5229\u76ca\u306e\u307f\u3092\u8ffd\u6c42\u3059\u308b<\/span> Fund <\/span>\u3092\u63f4\u8b77\u3059\u308b\u7406\u8ad6\u3068\u6210\u308a\u679c\u3066\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u6d41\u308c\u306f\u7d4c\u6e08\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u5316\u3092\u63a8\u3057\u9032\u3057\u3081\u3001\u9032\u51fa\u56fd\u306e\u4f01\u696d\u518d\u751f\u3092\u8fd1\u4ee3\u5316\u306e\u540d\u76ee\u306e\u4e0b\u306b\u3001\u6587\u5316\u306e\u753b\u4e00\u5316\u3092\u63a8\u3057\u9032\u3081\u3066\u3044\u308b\u304c\u3001\u305d\u306e\u6f6e\u6d41\u306f\u3001\u304d\u3063\u3068\u5927\u304d\u306a\u554f\u984c\u306b\u767a\u5c55\u3059\u308b\u306b\u9055\u3044\u306a\u3044\u3002\u79c1\u306f\u3001\u91d1\u878d\u8ad6\u30bc\u30df\u3092\u9078\u8003\u3057\u305f\u3053\u3068\u3092\u6094\u3044\u3066\u3044\u308b\u3002<\/span><\/p>\n

\uff08\u6b21\u56de\u306b\u3064\u3065\u304f\uff09<\/span><\/p>\n

\n
\n<\/i>
\n2<\/span>\n<\/div>\n<\/div>\n","protected":false},"author":1,"featured_media":988,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","article_type":[14],"class_list":["post-987","article","type-article","status-publish","has-post-thumbnail","hentry","article_type-latest-share"],"_links":{"self":[{"href":"https:\/\/www.eclsm.co.jp\/index.php?rest_route=\/wp\/v2\/article\/987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eclsm.co.jp\/index.php?rest_route=\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.eclsm.co.jp\/index.php?rest_route=\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"https:\/\/www.eclsm.co.jp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eclsm.co.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eclsm.co.jp\/index.php?rest_route=\/wp\/v2\/media\/988"}],"wp:attachment":[{"href":"https:\/\/www.eclsm.co.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=987"}],"wp:term":[{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/www.eclsm.co.jp\/index.php?rest_route=%2Fwp%2Fv2%2Farticle_type&post=987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}