{"id":1935,"date":"2019-12-14T03:51:35","date_gmt":"2019-12-14T03:51:35","guid":{"rendered":"http:\/\/tvtinvest.com\/?p=1935"},"modified":"2020-12-11T01:16:04","modified_gmt":"2020-12-11T01:16:04","slug":"ban-da-biet-gi-ve-nha-dau-tu-thomas-rowe-price","status":"publish","type":"post","link":"http:\/\/tvtinvest.com\/?p=1935","title":{"rendered":"B\u1ea0N \u0110\u00c3 BI\u1ebeT G\u00cc V\u1ec0 NH\u00c0 \u0110\u1ea6U T\u01af THOMAS ROWE PRICE?"},"content":{"rendered":"

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THOMAS ROWE PRICE\u2013 Thu\u1ed9c tr\u01b0\u1eddng ph\u00e1i \u0111\u1ea7u t\u01b0 t\u0103ng tr\u01b0\u1edfng, v\u1edbi c\u00e2u n\u00f3i n\u1ed5i ti\u1ebfng: Thay \u0111\u1ed5i l\u00e0 \u0111i\u1ec1u duy nh\u1ea5t ch\u1eafc ch\u1eafn c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0<\/em><\/strong><\/span><\/p>\n

Thomas Rowe Price sinh ng\u00e0y 16 th\u00e1ng 3 n\u0103m 1898 \u1edf Glyndon, Maryland trong m\u1ed9t gia \u0111\u00ecnh c\u00f3 truy\u1ec1n th\u1ed1ng l\u00e0m ng\u00e0nh y. Cha v\u00e0 m\u1eb9 c\u1ee7a \u00f4ng \u0111\u1ec1u l\u00e0m trong l\u0129nh v\u1ef1c y h\u1ecdc v\u00e0 h\u00f3a ch\u1ea5t. Th\u1eddi ni\u00ean thi\u1ebfu gia \u0111\u00ecnh \u00f4ng c\u0169ng \u0111\u1ecbnh h\u01b0\u1edbng \u0111i theo ng\u00e0nh y h\u1ecdc ho\u1eb7c h\u00f3a ch\u1ea5t \u0111\u01b0\u01a1ng th\u1eddi. Nh\u01b0ng trong cu\u1ed9c s\u1ed1ng nhi\u1ec1u \u0111\u01b0a \u0111\u1ea9y \u0111\u00e3 \u0111\u01b0a \u00f4ng \u0111\u1ebfn v\u1edbi c\u00f4ng vi\u1ec7c \u0111\u1ea7u t\u01b0 v\u1edbi nhi\u1ec1u th\u00e0nh c\u00f4ng l\u1edbn.<\/span><\/p>\n

\u00a0\u0110\u1ebfn cu\u1ed1i n\u0103m 2018, T. Rowe Price qu\u1ea3n l\u00fd kh\u1ed1i t\u00e0i s\u1ea3n tr\u1ecb gi\u00e1 h\u01a1n 1.000 t\u1ef7 USD.<\/span><\/p>\n

C\u00f3 th\u1ec3 n\u00f3i Thomas Rowe Price \u0111\u00e3 d\u00e0nh ph\u1ea7n l\u1edbn s\u1ef1 nghi\u1ec7p c\u1ee7a m\u00ecnh nghi\u00ean c\u1ee9u m\u00f4 h\u00ecnh t\u0103ng tr\u01b0\u1edfng trong nh\u1eefng n\u0103m th\u00e1ng \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng.<\/span><\/p>\n

\u00d4ng cho r\u1eb1ng: “M\u1ecdi doanh nghi\u1ec7p \u0111\u1ec1u do con ng\u01b0\u1eddi t\u1ea1o n\u00ean. \u0110\u00f3 l\u00e0 th\u00e0nh qu\u1ea3 c\u1ee7a c\u00e1c c\u00e1 nh\u00e2n, do v\u1eady n\u00f3 ph\u1ea3n \u00e1nh t\u00ednh c\u00e1ch, tri\u1ebft l\u00fd kinh doanh c\u1ee7a nh\u1eefng ng\u01b0\u1eddi s\u00e1ng l\u1eadp n\u00ean c\u00f4ng ty, c\u0169ng nh\u01b0 nh\u1eefng ng\u01b0\u1eddi ch\u00e8o l\u00e1i c\u00f4ng ty v\u01b0\u1ee3t qua c\u00e1c kh\u00f3 kh\u0103n trong qu\u00e1 tr\u00ecnh t\u1ed3n t\u1ea1i. N\u1ebfu b\u1ea1n mu\u1ed1n hi\u1ec3u b\u1ea5t k\u1ef3 m\u1ed9t c\u00f4ng ty n\u00e0o, \u0111i\u1ec1u quan tr\u1ecdng l\u00e0 b\u1ea1n c\u1ea7n ph\u1ea3i hi\u1ec3u v\u1ec1 n\u1ec1n t\u1ea3ng c\u1ee7a nh\u1eefng con ng\u01b0\u1eddi \u0111\u00e3 l\u1eadp n\u00ean c\u00f4ng ty \u0111\u00f3 v\u00e0 l\u00e3nh \u0111\u1ea1o n\u00f3 trong qu\u00e1 kh\u1ee9, c\u0169ng nh\u01b0 hy v\u1ecdng v\u00e0 tham v\u1ecdng c\u1ee7a nh\u1eefng ng\u01b0\u1eddi \u0111ang v\u1ea1ch ra t\u01b0\u01a1ng lai cho n\u00f3<\/em>“.<\/span><\/p>\n

C\u00f3 th\u1ec3 n\u00f3i r\u1eb1ng tri\u1ebft l\u00fd qu\u1ea3n l\u00fd \u0111\u1ea7u t\u01b0 c\u1ee7a Thomas Rowe Price d\u1ef1a tr\u00ean k\u1ef7 lu\u1eadt \u0111\u1ea7u t\u01b0, s\u1ef1 ki\u00ean \u0111\u1ecbnh trong qu\u00e1 tr\u00ecnh v\u00e0\u00a0ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 gi\u1eef nguy\u00ean gi\u00e1 tr\u1ecb trong hi\u1ec7n t\u1ea1i. \u00d4ng \u0111i ti\u00ean phong trong ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu t\u0103ng tr\u01b0\u1edfng b\u1eb1ng c\u00e1ch t\u1eadp trung v\u00e0o nh\u1eefng c\u00f4ng ty \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd t\u1ed1t trong nh\u1eefng l\u0129nh v\u1ef1c c\u00f3 kh\u1ea3 n\u0103ng sinh l\u1ee3i cao h\u01a1n\u00a0l\u1ea1m ph\u00e1t\u00a0c\u1ee7a to\u00e0n b\u1ed9 n\u1ec1n kinh t\u1ebf.<\/span><\/p>\n

Qu\u1ef9 \u0111\u1ea7u t\u01b0 do \u00f4ng s\u00e1ng l\u1eadp v\u00e0 \u0111\u1ee9ng \u0111\u1ea7u, nh\u1edd ph\u01b0\u01a1ng th\u1ee9c \u0111\u1ea7u t\u01b0 t\u0103ng tr\u01b0\u1edfng \u0111\u00e3 t\u1eebng \u0111\u1ea1t t\u1ef7 l\u1ec7 sinh l\u1eddi trung b\u00ecnh 28%\/n\u0103m, b\u1ea5t ch\u1ea5p c\u1ea3 nh\u1eefng giai \u0111o\u1ea1n c\u1ee7a kh\u00f3 kh\u0103n nh\u1ea5t c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9<\/em>. V\u00e0 t\u1ea5t nhi\u00ean, nguy\u00ean t\u1eafc \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng ch\u1ec9 g\u00f3i g\u1ecdn trong v\u00e0i \u0111i\u1ec1u c\u01a1 b\u1ea3n d\u01b0\u1edbi \u0111\u00e2y:<\/span><\/p>\n

1. Hi\u1ec3u th\u1eadt r\u00f5 v\u1ec1 c\u00f4ng ty<\/em><\/strong><\/span><\/p>\n

Price ch\u1ec9 \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng c\u00f4ng ty m\u00e0 \u00f4ng hi\u1ec3u r\u1ea5t r\u00f5 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a n\u00f3<\/em><\/strong>. V\u00e0 \u00f4ng nghi\u00eang v\u1ec1 nh\u1eefng c\u00f4ng ty c\u00f3 h\u1ec7 th\u1ed1ng ho\u1ea1t \u0111\u1ed9ng \u0111\u01a1n gi\u1ea3n, d\u1ec3 hi\u1ec5u<\/strong><\/em>. \u00d4ng \u0111\u1eb7c bi\u1ec7t quan t\u00e2m \u0111\u1ebfn n\u0103ng l\u1ef1c v\u00e0 \u0111\u1ea1o \u0111\u1ee9c c\u1ee7a ban l\u00e3nh \u0111\u1ea1o, c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd c\u1ee7a c\u00f4ng ty<\/em>. N\u1ebfu kh\u00f4ng tin t\u01b0\u1edfng v\u00e0o ban qu\u1ea3n l\u00fd, th\u00ec \u00f4ng nh\u1ea5t \u0111\u1ecbnh kh\u00f4ng \u0111\u1ea7u t\u01b0, d\u00f9 con s\u1ed1 l\u1ee3i nhu\u1eadn hay nh\u1eefng ch\u1ec9 s\u1ed1 kh\u00e1c trong hi\u1ec7n t\u1ea1i kh\u00e1 h\u1ea5p d\u1eabn.<\/em><\/span><\/p>\n

2. Ti\u1ec1n \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n<\/em><\/strong><\/span><\/p>\n

Theo Price, khi \u0111\u1ea7u t\u01b0 ch\u00fang ta kh\u00f4ng mua c\u1ed5 phi\u1ebfu m\u00e0 mua quy\u1ec1n s\u1edf h\u1eefu c\u00f4ng ty, v\u00e0 \u0111\u01b0\u1ee3c h\u01b0\u1edfng nh\u1eefng g\u00ec c\u00f4ng ty \u0111\u00f3 \u0111em l\u1ea1i trong t\u01b0\u01a1ng lai<\/em>. N\u1ebfu ch\u1ecdn \u0111\u00fang c\u00f4ng ty t\u1ed1t, l\u1ee3i nhu\u1eadn cao, ch\u00fang ta s\u1ebd s\u1edf h\u1eefu nh\u1eefng m\u00e1y in ti\u1ec1n v\u1edbi s\u1ed1 ti\u1ec1n n\u00e0y ng\u00e0y c\u00e0ng l\u1edbn. \u0110\u1ec3 h\u01b0\u1edfng \u0111\u01b0\u1ee3c th\u00e0nh qu\u1ea3 tuy\u1ec7t v\u1eddi n\u00e0y, \u0111i\u1ec1u \u0111\u1ea7u ti\u00ean v\u00e0 quan tr\u1ecdng l\u00e0 kho\u1ea3n ti\u1ec1n \u0111\u1ea7u t\u01b0 theo chi\u1ebfn l\u01b0\u1ee3c n\u00e0y ph\u1ea3i l\u00e0 ti\u1ec1n d\u00e0i h\u1ea1n.<\/span><\/p>\n

C\u00f3 m\u1ed9t s\u1ed1 nh\u00e0 \u0111\u1ea7u t\u01b0, ban \u0111\u1ea7u c\u0169ng t\u00ednh \u0111\u1ea7u t\u01b0 “d\u00e0i h\u01a1i”, nh\u01b0ng khi th\u1ea5y gi\u00e1 c\u1ed5 phi\u1ebfu t\u0103ng m\u1ea1nh so v\u1edbi gi\u00e1 mua \u0111\u00e3 b\u00e1n ra \u0111\u1ec3 thu l\u1ee3i nhu\u1eadn v\u00e0 b\u1ecb l\u00f4i cu\u1ed1n v\u00e0o nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n. Theo \u00f4ng , \u0111\u00e3 \u0111\u1ebfn l\u00fac nh\u00e0 \u0111\u1ea7u t\u01b0 chia ti\u1ec1n c\u1ee7a m\u00ecnh \u0111\u1ec3 \u0111\u1ea7u t\u01b0 theo 2 \u2013 3 tr\u01b0\u1eddng ph\u00e1i kh\u00e1c nhau v\u00e0 ki\u00ean \u0111\u1ecbnh v\u1edbi t\u1eebng tr\u01b0\u1eddng ph\u00e1i \u0111\u00e3 ch\u1ecdn<\/em>. N\u1ebfu qu\u00e1 linh ho\u1ea1t th\u00ec ch\u00fang ta s\u1ebd kh\u00f4ng bao gi\u1edd c\u00f3 danh m\u1ee5c \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb d\u00e0i h\u1ea1n.<\/span><\/p>\n

3. T\u00ecm ki\u1ebfm c\u00e1c c\u00f4ng ty t\u0103ng tr\u01b0\u1edfng kh\u00f4ng qu\u00e1 cao<\/em><\/strong><\/span><\/p>\n

Price lu\u00f4n t\u00ecm c\u00e1c c\u00f4ng ty c\u00f3 t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng trung b\u00ecnh \u0111\u1ea1t 8-10%, b\u1edfi \u00f4ng mu\u1ed1n ch\u1eafc r\u1eb1ng \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 c\u00f4ng ty t\u1ed3i. Nh\u01b0ng \u00f4ng l\u1ea1i kh\u00f4ng th\u00edch c\u00e1c c\u00f4ng ty c\u00f3 t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng qu\u00e1 cao (tr\u00ean 20%), b\u1edfi khi c\u00f3 s\u1ef1 gi\u1ea3m s\u00fat v\u1ec1 l\u1ee3i nhu\u1eadn th\u00ec gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty s\u1ebd gi\u1ea3m r\u1ea5t m\u1ea1nh. \u00d4ng cho r\u1eb1ng, c\u00f9ng t\u00ecnh tr\u1ea1ng tr\u00ean, gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty c\u00f3 t\u1ef7 s\u1ed1 P\/E th\u1ea5p ch\u1ec9 gi\u1ea3m nh\u1eb9 v\u00e0 m\u1ee9c thua l\u1ed7 l\u00e0 kh\u00f4ng \u0111\u00e1ng k\u1ec3.<\/span><\/p>\n

4. Nghi\u00ean c\u1ee9u k\u0129 nh\u1eefng ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh quan tr\u1ecdng<\/em><\/strong><\/span><\/p>\n

Price \u0111\u00e3 t\u1eebng n\u00f3i: “\u0110\u1ec3 l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00e0nh c\u00f4ng \u0111i theo c\u01a1 b\u1ea3n, c\u00e1c b\u1ea1n h\u00e3y d\u00e0nh th\u1eddi gian \u0111\u1ecdc h\u00e0ng tr\u0103m, h\u00e0ng tr\u0103m b\u00e1o c\u00e1o th\u01b0\u1eddng ni\u00ean c\u1ee7a c\u00e1c c\u00f4ng ty<\/em>“. \u0110\u00e2y l\u00e0 \u0111i\u1ec3m t\u1ea1o ra s\u1ef1 kh\u00e1c bi\u1ec7t l\u1edbn gi\u1eefa \u00f4ng v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c. Khi \u0111\u1ecdc c\u00e1c b\u00e1o c\u00e1o, Price \u0111\u1eb7c bi\u1ec7t quan t\u00e2m \u0111\u1ebfn nh\u1eefng ch\u1ec9 s\u1ed1, nh\u1eefng v\u1ea5n \u0111\u1ec1 sau:<\/span><\/p>\n

\u2013 T\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng trong qu\u00e1 kh\u1ee9 v\u00e0 hi\u1ec7n t\u1ea1i<\/em>: \u0110\u00e2y l\u00e0 m\u1ed9t trong nh\u1eefng c\u01a1 s\u1edf \u0111\u1ec3 d\u1ef1 \u0111o\u00e1n s\u1ef1 t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00f4ng ty trong t\u01b0\u01a1ng lai<\/em>.<\/span><\/p>\n

\u2013 T\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn\/v\u1ed1n \u0111\u1ea7u t\u01b0<\/em>: \u00d4ng \u0111\u1eb7c bi\u1ec7t quan t\u00e2m \u0111\u1ebfn ch\u1ec9 s\u1ed1 n\u00e0y v\u00e0 \u00f4ng ch\u1ec9 \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng c\u00f4ng ty t\u1ea1o ra m\u1ee9c l\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n \u0111\u1ea7u t\u01b0 cao.<\/span><\/p>\n

\u2013 T\u1ef7 s\u1ed1 n\u1ee3\/v\u1ed1n; l\u1ee3i nhu\u1eadn\/n\u1ee3<\/em>: Gi\u1ea3 s\u1eed l\u1ee3i nhu\u1eadn kh\u00f4ng \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c k\u1ef3 v\u1ecdng, c\u00f4ng ty c\u00f3 kh\u1ea3 n\u0103ng tr\u1ea3 \u0111\u01b0\u1ee3c nh\u1eefng m\u00f3n n\u1ee3 \u0111\u1ebfn h\u1ea1n kh\u00f4ng?<\/span><\/p>\n

\u2013 T\u00e1i \u0111\u1ea7u t\u01b0<\/em>: Price r\u1ea5t quan t\u00e2m \u0111\u1ebfn vi\u1ec7c t\u00e1i \u0111\u1ea7u t\u01b0. Theo \u00f4ng, n\u1ebfu c\u00f4ng ty kinh doanh hi\u1ec7u qu\u1ea3, \u0111\u1ea1t t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn\/v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu cao th\u00ec c\u00f4ng ty n\u00ean gi\u1eef ph\u1ea7n l\u1edbn l\u1ee3i nhu\u1eadn l\u1ea1i \u0111\u1ec3 t\u00e1i \u0111\u1ea7u t\u01b0, thay v\u00ec \u0111em chia c\u1ed5 t\u1ee9c h\u1ebft<\/em>. Khi \u0111\u00f3, c\u00f4ng ty s\u1ebd tr\u1edf th\u00e0nh m\u1ed9t “m\u00e1y in ti\u1ec1n” v\u1edbi t\u1ed1c \u0111\u1ed9 ng\u00e0y c\u00e0ng cao nh\u1edd hi\u1ec7u \u1ee9ng tuy\u1ec7t v\u1eddi c\u1ee7a l\u00e3i su\u1ea5t k\u00e9p.<\/span><\/p>\n

S\u01afU T\u1ea6M<\/p>\n","protected":false},"excerpt":{"rendered":"

THOMAS ROWE PRICE\u2013 Thu\u1ed9c tr\u01b0\u1eddng ph\u00e1i \u0111\u1ea7u t\u01b0 t\u0103ng tr\u01b0\u1edfng, v\u1edbi c\u00e2u n\u00f3i n\u1ed5i ti\u1ebfng: Thay \u0111\u1ed5i l\u00e0 \u0111i\u1ec1u duy nh\u1ea5t ch\u1eafc ch\u1eafn c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 Thomas Rowe Price sinh ng\u00e0y 16 th\u00e1ng 3 n\u0103m 1898 \u1edf Glyndon, Maryland trong m\u1ed9t gia \u0111\u00ecnh c\u00f3 truy\u1ec1n th\u1ed1ng l\u00e0m ng\u00e0nh y. Cha v\u00e0 m\u1eb9 c\u1ee7a \u00f4ng \u0111\u1ec1u l\u00e0m trong l\u0129nh v\u1ef1c […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[],"_links":{"self":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/1935"}],"collection":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1935"}],"version-history":[{"count":6,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/1935\/revisions"}],"predecessor-version":[{"id":3283,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/1935\/revisions\/3283"}],"wp:attachment":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1935"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}