{"id":2181,"date":"2019-12-28T02:48:07","date_gmt":"2019-12-28T02:48:07","guid":{"rendered":"http:\/\/tvtinvest.com\/?p=2181"},"modified":"2019-12-28T02:50:31","modified_gmt":"2019-12-28T02:50:31","slug":"nha-dau-tu-richard-driehaus-va-nhung-nguyen-tac-dau-tu-hieu-qua","status":"publish","type":"post","link":"http:\/\/tvtinvest.com\/?p=2181","title":{"rendered":"NH\u00c0 \u0110\u1ea6U T\u01af RICHARD DRIEHAUS V\u00c0 NH\u1eeeNG NGUY\u00caN T\u1eaeC \u0110\u1ea6U T\u01af HI\u1ec6U QU\u1ea2"},"content":{"rendered":"

 <\/p>\n

\"[Quy<\/p>\n

Richard Herman Driehaus<\/strong> <\/span>sinh n\u0103m 1942 trong m\u1ed9t gia \u0111\u00ecnh trung l\u01b0u t\u1ea1i n\u01b0\u1edbc M\u1ef9. Cha \u00f4ng l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111am m\u00ea v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Ch\u00ednh v\u00ec l\u1ebd \u0111\u00f3, ngay t\u1eeb khi c\u00f2n nh\u1ecf \u00f4ng \u0111\u00e3 c\u00f3 ni\u1ec1m h\u1ee9ng th\u00fa, y\u00eau th\u00edch \u0111\u1eb7c bi\u1ec7t v\u1edbi vi\u1ec7c l\u1edbn l\u00ean s\u1ebd tr\u1edf th\u00e0nh m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n th\u00e0nh c\u00f4ng.<\/span><\/p>\n

\u00d4ng l\u00e0 m\u1ed9t nh\u00e0 qu\u1ea3n l\u00fd qu\u1ef9, doanh nh\u00e2n v\u00e0 nh\u00e0 t\u1eeb thi\u1ec7n n\u1ed5i ti\u1ebfng ng\u01b0\u1eddi M\u1ef9, l\u00e0 cha \u0111\u1ebb c\u1ee7a ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 theo \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng,<\/em> \u0111\u1ed3ng th\u1eddi c\u0169ng l\u00e0 ng\u01b0\u1eddi s\u00e1ng l\u1eadp, gi\u00e1m \u0111\u1ed1c \u0111\u1ea7u t\u01b0 v\u00e0 ch\u1ee7 t\u1ecbch c\u1ee7a Driehaus Capital Management LLC, c\u00f3 tr\u1ee5 s\u1edf t\u1ea1i Chicago. Tuy n\u1ed5i ti\u1ebfng trong gi\u1edbi \u0111\u1ea7u t\u01b0 nh\u01b0ng \u0111\u1eddi s\u1ed1ng c\u1ee7a \u00f4ng l\u1ea1i r\u1ea5t gi\u1ea3n d\u1ecb v\u00e0 c\u00f3 ph\u1ea7n “b\u00ed \u1ea9n”<\/em>. \u00d4ng \u0111\u1eb7c bi\u1ec7t \u00edt khi nh\u1eadn l\u1eddi tham gia ph\u1ecfng v\u1ea5n tr\u00ean c\u00e1c ph\u01b0\u01a1ng ti\u1ec7n truy\u1ec1n th\u00f4ng.<\/span><\/p>\n

\u00d4ng \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 ng\u01b0\u1eddi c\u00f3 m\u1ed9t t\u1ea7m nh\u00ecn \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n, <\/em>song h\u1ea7u h\u1ebft qu\u00e1 tr\u00ecnh \u0111\u1ea7u t\u01b0 \u00f4ng l\u1ea1i s\u1eed d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c ng\u1eafn h\u1ea1n<\/em>. \u00d4ng \u0111\u1ea7u t\u01b0 d\u1ef1a tr\u00ean nh\u1eefng bi\u1ebfn \u0111\u1ed9ng c\u00f3 \u0111\u1ecbnh h\u01b0\u1edbng c\u1ee7a th\u1ecb tr\u01b0\u1eddng, s\u1eed d\u1ee5ng m\u1ed9t t\u1eadp h\u1ee3p r\u1ea5t r\u1ed9ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p ch\u1ecdn l\u1ef1a lo\u1ea1i ch\u1ee9ng kho\u00e1n v\u00e0 \u0111\u1eb1ng sau \u00f4ng c\u00f2n l\u00e0 \u0111\u1ed9i ng\u0169 c\u00e1c chuy\u00ean gia ph\u00e2n t\u00edch v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0. <\/em>\u00d4ng t\u1eadp trung v\u00e0o c\u00e1c bi\u1ebfn \u0111\u1ed9ng v\u1ec1 ph\u00e2n b\u1ed1 t\u00e0i s\u1ea3n tr\u00ean t\u1ea7m v\u0129 m\u00f4<\/em> v\u00e0 thu l\u1ee3i ch\u1ee7 y\u1ebfu t\u1eeb \u0111\u00f3<\/em>.<\/span><\/p>\n

Qu\u1ef9 Richard H. Driehau do \u00f4ng s\u00e1ng l\u1eadp v\u00e0 \u0111\u1ee9ng \u0111\u1ea7u, nh\u1edd c\u00e1ch th\u1ee9c nghi\u00ean c\u1ee9u c\u1ea9n th\u1eadn trong \u0111\u1ea7u t\u01b0 n\u00e0y m\u00e0 c\u00e1c kh\u00e1ch h\u00e0ng ch\u1ecbu kh\u00f3 nghe nh\u1eefng l\u1eddi t\u01b0 v\u1ea5n t\u1eeb \u00f4ng \u0111\u00e3 t\u1eebng \u0111\u1ea1t t\u1ef7 l\u1ec7 sinh l\u1edbi g\u1ea5p hai l\u1ea7n ch\u1ec9 s\u1ed1 S&P 500, 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. Phong c\u00e1ch \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng ch\u1ee7 y\u1ebfu t\u1eadp trung v\u00e0o nh\u00f3m c\u1ed5 phi\u1ebfu Mid v\u00e0 Small Cap ti\u1ec1m n\u0103ng<\/em>. Trong su\u1ed1t giai \u0111o\u1ea1n t\u1eeb n\u0103m 1980 \u2013 1992, qu\u1ef9 c\u1ee7a \u00f4ng lu\u00f4n \u0111\u1ea1t t\u1ec9 su\u1ea5t sinh l\u1eddi 30% m\u1ed7i n\u0103m. B\u00ean c\u1ea1nh \u0111\u00f3 l\u1ee3i nhu\u1eadn h\u00e0ng n\u0103m c\u0169ng \u0111\u1ea1t m\u1ee9c h\u01a1n 35% trong 12 n\u0103m k\u1ec3 t\u1eeb 1990.<\/span><\/p>\n

Nguy\u00ean t\u1eafc \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng ch\u1ec9 g\u00f3i g\u1ecdn trong nh\u1eefng \u0111i\u1ec1u c\u01a1 b\u1ea3n d\u01b0\u1edbi \u0111\u00e2y:<\/span><\/p>\n

1. X\u00e1c \u0111\u1ecbnh \u0111\u1eb7c t\u00ednh c\u1ee7a v\u1ed1n \u0111\u1ea7u t\u01b0<\/em><\/strong><\/span><\/p>\n

Y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh l\u1edbn t\u1edbi th\u00e0nh c\u00f4ng. Theo \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n x\u00e1c \u0111\u1ecbnh r\u00f5 \u0111\u1eb7c t\u00ednh ngu\u1ed3n v\u1ed1n c\u1ee7a m\u00ecnh: nhi\u1ec1u hay \u00edt, ng\u1eafn hay d\u00e0i, c\u00f3 d\u00f9ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh kh\u00f4ng, n\u1ebfu d\u00f9ng th\u00ec ch\u1ecdn vay t\u1eeb c\u00f4ng ty ch\u1ee9ng kho\u00e1n hay vay v\u1ed1n ng\u01b0\u1eddi quen?\u2026 T\u1eeb \u0111\u00f3 m\u00e0 v\u1ea1ch ra k\u1ebf ho\u1ea1ch \u0111\u1ea7u t\u01b0 v\u00e0 th\u1ef1c hi\u1ec7n.<\/em><\/strong><\/span><\/p>\n

\u0110\u01b0\u01a1ng nhi\u00ean, n\u1ebfu ngu\u1ed3n v\u1ed1n l\u00e0 d\u00e0i h\u1ea1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ch\u1ee7 \u0111\u1ed9ng \u0111\u1ea7u t\u01b0 v\u00e0 kh\u00f4ng b\u1ecb v\u1ee1 k\u1ebf ho\u1ea1ch gi\u1eefa ch\u1eebng do b\u1ecb r\u00fat v\u1ed1n s\u1edbm h\u01a1n k\u1ebf ho\u1ea1ch, t\u1ee9c \u00edt r\u1ee7i ro h\u01a1n ngu\u1ed3n v\u1ed1n ng\u1eafn h\u1ea1n. C\u00f2n quy m\u00f4 v\u1ed1n l\u1edbn hay nh\u1ecf \u0111\u1ec1u c\u00f3 nh\u1eefng l\u1ee3i th\u1ebf ri\u00eang.<\/span><\/p>\n

2. \u0110\u1eebng bao gi\u1edd \u0111\u00e1nh b\u1ea1c<\/em><\/strong><\/span><\/p>\n

C\u00f3 \u0111\u1ebfn 95% nh\u00e0 \u0111\u1ea7u t\u01b0 lu\u00f4n lu\u00f4n mua c\u1ed5 phi\u1ebfu \u1edf m\u1ee9c gi\u00e1 cao nh\u1ea5t. L\u00fd do \u0111\u01a1n gi\u1ea3n b\u1edfi h\u1ecd kh\u00f4ng bi\u1ebft ch\u1ecdn th\u1eddi \u0111i\u1ec3m n\u00e0o \u0111\u1ec3 mua m\u00e0 ch\u1ec9 mua d\u1ef1a tr\u00ean tin b\u00e1o hay nh\u1eefng tin \u0111\u1ed3n \u0111\u01b0\u1ee3c “r\u00f2 r\u1ec9”<\/em>. Ch\u1ec9 c\u00f3 5% nh\u00e0 \u0111\u1ea7u t\u01b0 bi\u1ebft c\u00e1ch ch\u1ecdn l\u00fac mua \u1edf gi\u00e1 th\u1ea5p<\/em>. V\u00ec v\u1eady, c\u00f3 \u0111\u1ebfn 95% ng\u01b0\u1eddi b\u1ecb l\u1ed7 v\u00e0 ch\u1ec9 c\u00f3 5% ng\u01b0\u1eddi ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn. \u0110\u1ea7u t\u01b0 \u0111\u00fang th\u00ec l\u00e0m gi\u00e0u<\/em>, \u0111\u1ea7u t\u01b0 ki\u1ec3u \u0111\u00e1nh b\u1ea1c ch\u1eafc ch\u1eafn s\u1ebd b\u1ecb ch\u00e1y t\u00fai.<\/em><\/span><\/p>\n

3. L\u00e0m ch\u1ee7 ph\u00e2n t\u00edch c\u1ee7a ch\u00ednh m\u00ecnh<\/strong><\/span><\/p>\n

Khi \u0111\u01b0\u1ee3c nghe nh\u1eefng tin \u0111\u1ed3n “n\u1ed9i gi\u00e1n”, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1ef1 h\u1ecfi 4 c\u00e2u h\u1ecfi sau tr\u01b0\u1edbc khi \u0111\u1ea7u t\u01b0<\/em><\/strong>:<\/span><\/p>\n

– \u0110\u00e3 c\u00f3 bao nhi\u00eau ng\u01b0\u1eddi \u0111\u01b0\u1ee3c\u00a0nghe tin n\u00e0y tr\u01b0\u1edbc khi \u0111\u1ebfn tai b\u1ea1n<\/em>. N\u1ebfu nhi\u1ec1u ng\u01b0\u1eddi bi\u1ebft tr\u01b0\u1edbc b\u1ea1n th\u00ec tin n\u00e0y \u0111\u00e3 qu\u00e1 tr\u1ec5 v\u00e0 gi\u00e1 \u0111\u00e3 l\u00ean cao r\u1ed3i.<\/span><\/p>\n

– Tin n\u00e0y \u0111\u00e3 lan truy\u1ec1n bao l\u00e2u tr\u01b0\u1edbc khi \u0111\u1ebfn tai b\u1ea1n? M\u1ea5y ng\u00e0y r\u1ed3i<\/em>?<\/span><\/p>\n

– Ai m\u00e1ch tin n\u00e0y cho b\u1ea1n? Ng\u01b0\u1eddi trong ban qu\u1ea3n tr\u1ecb c\u00f4ng ty? Hay ch\u1ec9 l\u00e0 b\u1ea1n b\u00e8<\/em>?<\/span><\/p>\n

– Tin \u0111\u00f3 li\u1ec7u c\u00f3 \u0111\u00fang kh\u00f4ng?<\/em> Th\u00f4ng th\u01b0\u1eddng, tin n\u1ed9i gi\u00e1n th\u00ec kh\u00f4ng \u0111\u01b0\u1ee3c ti\u1ebft l\u1ed9.<\/span><\/p>\n

4. H\u00e3y b\u00e1n c\u1ecf phi\u1ebfu ngay c\u1ea3 khi thua l\u1ed7<\/strong><\/span><\/p>\n

\u0110\u00e2y l\u00e0 \u0111i\u1ec1u n\u00f3i d\u1ec5 h\u01a1n l\u00e0m. B\u00e1n c\u1ed5 phi\u1ebfu khi thua l\u1ed7 l\u00e0 m\u1ed9t quy\u1ebft \u0111\u1ecbnh kh\u00f3 kh\u0103n<\/em>. Th\u00e2m t\u00e2m b\u1ea1n lu\u00f4n mang \u00fd ngh\u0129: “\u0111\u1eebng b\u00e1n, gi\u00e1 c\u1ed5 phi\u1ebfu xu\u1ed1ng r\u1ed3i s\u1ebd l\u00ean l\u1ea1i th\u00f4i”. Tuy nhi\u00ean, tr\u00ean th\u1ef1c t\u1ebf, c\u00e0ng n\u1eafm gi\u1eef th\u00ec gi\u00e1 c\u00e0ng gi\u1ea3m s\u00e2u h\u01a1n v\u00e0 cu\u1ed1i c\u00f9ng g\u00e2y ra nh\u1eefng t\u1ed5n th\u1ea5t n\u1eb7ng n\u1ec1.<\/span><\/p>\n

5. \u0110\u1eebng ch\u1ec9 t\u1eadp trung v\u00e0o ki\u1ebfm l\u1ee3i nhu\u1eadn<\/em><\/strong><\/span><\/p>\n

L\u00e0m sao \u0111\u1ec3 b\u1ea3o to\u00e0n v\u1ed1n l\u00e0 \u0111i\u1ec1u quan tr\u1ecdng h\u01a1n nhi\u1ec1u<\/em>. Kh\u00f4ng n\u00ean c\u1ed1 g\u1eafng \u0111\u1ea1t 100% l\u1ee3i nhu\u1eadn v\u00e0 t\u1ed1t h\u01a1n h\u1ebft l\u00e0 thu \u0111\u01b0\u1ee3c 60% l\u1ee3i nhu\u1eadn d\u1ef1 tr\u00f9 nh\u01b0ng b\u1ea3o \u0111\u1ea3m an to\u00e0n v\u1ed1n. \u0110\u1ed1i v\u1edbi \u00f4ng, “Kh\u00f4ng s\u1ee3 mua cao \u2013 Ch\u1ec9 c\u1ea7n b\u00e1n ph\u1ea3i cao h\u01a1n th\u1ebf<\/em><\/strong>“. Mu\u1ed1n l\u00e0m \u0111\u01b0\u1ee3c \u0111i\u1ec1u \u0111\u00f3, quan tr\u1ecdng l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i th\u1ef1c s\u1ef1 hi\u1ec3u v\u1ec1 y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n c\u1ee7a doanh nghi\u1ec7p, k\u1ebft h\u1ee3p k\u0129 thu\u1eadt \u0111i\u1ec3m mua – b\u00e1n v\u00e0 \u0111\u1ea3m b\u1ea3o \u0111\u01b0\u1ee3c t\u1ec9 l\u1ec7 an to\u00e0n v\u1ed1n khi quy\u1ebft \u0111\u1ecbnh nh\u1ea5n enter l\u1ec7nh.<\/em><\/span><\/p>\n

Quan t\u00e2m t\u1edbi nh\u1eefng doanh nghi\u1ec7p c\u00f3 t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n s\u1eed d\u1ee5ng c\u00e0ng cao, doanh nghi\u1ec7p c\u00e0ng c\u00f3 l\u1ee3i th\u1ebf<\/em><\/span><\/p>\n

L\u00fd lu\u1eadn c\u1ee7a \u00f4ng l\u00e0 tr\u00ean quan \u0111i\u1ec3m nh\u00e0 \u0111\u1ea7u t\u01b0, h\u1ecd mong mu\u1ed1n thu l\u1ea1i \u0111\u01b0\u1ee3c nhi\u1ec1u ti\u1ec1n nh\u1ea5t c\u00f3 th\u1ec3 t\u1eeb \u0111\u1ed3ng v\u1ed1n b\u1ecf v\u00e0o doanh nghi\u1ec7p. \u0110i\u1ec1u n\u00e0y \u0111\u00f2i h\u1ecfi doanh nghi\u1ec7p ph\u1ea3i c\u00f3 kh\u1ea3 n\u0103ng s\u1eed d\u1ee5ng v\u1ed1n hi\u1ec7u qu\u1ea3, v\u00e0 \u0111i\u1ec1u n\u00e0y th\u1ec3 hi\u1ec7n b\u1edfi ch\u1ec9 s\u1ed1 ROCE<\/em>. Trong \u0111\u00f3:<\/span><\/p>\n

ROCE = L\u1ee3i nhu\u1eadn\/ V\u1ed1n s\u1eed d\u1ee5ng, v\u1edbi V\u1ed1n s\u1eed d\u1ee5ng = T\u1ed5ng T\u00e0i S\u1ea3n \u2013 N\u1ee3 ng\u1eafn h\u1ea1n (c\u00e1ch t\u00ednh \u0111\u01a1n gi\u1ea3n nh\u1ea5t). Theo \u00f4ng, c\u00f3 2 \u0111i\u1ec1u c\u1ea7n l\u01b0u \u00fd khi s\u1eed d\u1ee5ng ch\u1ec9 s\u1ed1 ROCE nh\u01b0:<\/span><\/p>\n

Th\u1ee9 nh\u1ea5t, 1 doanh nghi\u1ec7p c\u00f3 ROCE cao trong m\u1ed9t n\u0103m c\u00f3 th\u1ec3 ch\u1ec9 l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a l\u1ee3i nhu\u1eadn \u0111\u1ed9t bi\u1ebfn c\u1ee7a doanh nghi\u1ec7p trong n\u0103m \u0111\u00f3. Do \u0111\u00f3, \u0111i\u1ec1u c\u1ea7n quan t\u00e2m \u1edf \u0111\u00e2y l\u00e0 li\u1ec7u m\u1ee9c l\u1ee3i nhu\u1eadn cao \u0111\u00f3 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c duy tr\u00ec trong nh\u1eefng n\u0103m ti\u1ebfp theo<\/em>.<\/span><\/p>\n

Th\u1ee9 hai, \u0111\u00f3 l\u00e0 1 c\u00f4ng ty c\u00f3 ROCE cao, nh\u01b0ng ch\u01b0a ch\u1eafc \u0111\u00e3 c\u00f3 kh\u1ea3 n\u0103ng ti\u1ebfp t\u1ee5c t\u00e1i \u0111\u1ea7u t\u01b0 ph\u1ea7n ti\u1ec1n sinh l\u1ee3i \u1edf c\u00f9ng m\u1ed9t m\u1ee9c ROCE nh\u01b0 v\u1eady<\/em>. M\u1ed9t doanh nghi\u1ec7p l\u00fd t\u01b0\u1edfng, theo Driehaus, s\u1ebd c\u00f3 kh\u1ea3 n\u0103ng duy tr\u00ec \u0111i\u1ec1u n\u00e0y trong nhi\u1ec1u n\u0103m. \u0110i\u1ec1u n\u00e0y c\u00f3 \u0111\u01b0\u1ee3c ch\u1ee7 y\u1ebfu nh\u1edd v\u00e0o l\u1ee3i th\u1ebf c\u1ea1nh tranh c\u1ee7a m\u00f4 h\u00ecnh kinh doanh \u0111\u00f3.<\/em><\/span><\/p>\n

S\u01afU T\u1ea6M<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  Richard Herman Driehaus sinh n\u0103m 1942 trong m\u1ed9t gia \u0111\u00ecnh trung l\u01b0u t\u1ea1i n\u01b0\u1edbc M\u1ef9. Cha \u00f4ng l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111am m\u00ea v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Ch\u00ednh v\u00ec l\u1ebd \u0111\u00f3, ngay t\u1eeb khi c\u00f2n nh\u1ecf \u00f4ng \u0111\u00e3 c\u00f3 ni\u1ec1m h\u1ee9ng th\u00fa, y\u00eau th\u00edch \u0111\u1eb7c bi\u1ec7t v\u1edbi vi\u1ec7c l\u1edbn l\u00ean s\u1ebd tr\u1edf th\u00e0nh m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 […]<\/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\/2181"}],"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=2181"}],"version-history":[{"count":4,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2181\/revisions"}],"predecessor-version":[{"id":2185,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2181\/revisions\/2185"}],"wp:attachment":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2181"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}