{"id":2338,"date":"2020-01-11T03:03:21","date_gmt":"2020-01-11T03:03:21","guid":{"rendered":"http:\/\/tvtinvest.com\/?p=2338"},"modified":"2020-01-11T03:04:20","modified_gmt":"2020-01-11T03:04:20","slug":"nha-dau-tu-stephen-schwarzman-va-nhung-quan-diem-ve-dau-tu","status":"publish","type":"post","link":"http:\/\/tvtinvest.com\/?p=2338","title":{"rendered":"NH\u00c0 \u0110\u1ea6U T\u01af STEPHEN SCHWARZMAN V\u00c0 NH\u1eeeNG QUAN \u0110I\u1ec2M V\u1ec0 \u0110\u1ea6U T\u01af"},"content":{"rendered":"

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Stephen Schwarzman<\/span> <\/strong>(Sinh ng\u00e0y 14 th\u00e1ng 2 n\u0103ng 1947) t\u1ea1i thung l\u0169ng Huntingdon bang Pennsylvania c\u1ee7a M\u1ef9, \u00d4ng l\u00e0 m\u1ed9t doanh nh\u00e2n, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1ed5i ti\u1ebfng c\u1ee7a M\u1ef9. \u00d4ng l\u00e0 t\u1ef7 ph\u00fa v\u1edbi t\u00e0i s\u1ea3n hi\u1ec7n c\u00f3 l\u00e0 h\u01a1n 17,2 t\u1ef7 \u0111\u00f4 la.<\/span><\/p>\n

N\u0103m 1991 \u00d4ng th\u00e0nh l\u1eadp Blackstone v\u1edbi ch\u1ec9 hai h\u1ed9i vi\u00ean v\u00e0 hai tr\u1ee3 l\u00fd.\u00a0 T\u00ednh t\u1edbi ng\u00e0y 30\/6\/2019, Blakcstone qu\u1ea3n l\u00fd 545 t\u1ef7 USD t\u00e0i s\u1ea3n, v\u1edbi h\u1ec7 th\u1ed1ng 24 v\u0103n ph\u00f2ng tr\u00ean kh\u1eafp th\u1ebf gi\u1edbi c\u00f9ng 2.400 nh\u00e2n vi\u00ean.<\/span><\/p>\n

Trong giai \u0111o\u1ea1n t\u1eeb nh\u1eefng n\u0103m 1990 \u0111\u1ebfn nay, Blackstone c\u00f3 t\u1ef7 su\u1ea5t ho\u00e0n v\u1ed1n n\u1ed9i b\u1ed9 (IRR) \u0111\u1ea1t 15%. C\u00e1c c\u00f4ng ty m\u00e0 Blackstone ki\u1ec3m so\u00e1t hi\u1ec7n \u0111ang s\u1eed d\u1ee5ng kho\u1ea3ng 400.000 nh\u00e2n vi\u00ean, nhi\u1ec1u h\u01a1n c\u1ea3 IBM v\u00e0 t\u01b0\u01a1ng \u0111\u01b0\u01a1ng s\u1ed1 nh\u00e2n vi\u00ean c\u1ee7a chu\u1ed7i si\u00eau th\u1ecb Kroger. K\u1ec3 t\u1eeb khi Blackstone ni\u00eam y\u1ebft c\u1ed5 phi\u1ebfu n\u0103m 2007, h\u00e3ng \u0111\u00e3 t\u1ea1o ra kho\u1ea3ng 41 t\u1ef7 USD cho c\u00e1c c\u1ed5 \u0111\u00f4ng.<\/span><\/p>\n

So v\u1edbi c\u00e1c huy\u1ec1n tho\u1ea1i \u0111\u1ea7u t\u01b0 trong qu\u00e1 kh\u1ee9, nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 thu\u1ed9c th\u1ebf h\u1ec7 m\u1edbi – nh\u01b0 Schwarzman \u2013 \u00f4ng lu\u00f4n chia s\u1ebb v\u1edbi nh\u00e2n vi\u00ean v\u1ec1 hai kinh nghi\u1ec7m x\u01b0\u01a1ng m\u00e1u<\/em><\/strong> c\u1ee7a ch\u00ednh m\u00ecnh trong \u0111\u1ea7u t\u01b0:<\/span><\/p>\n

1. Ch\u1ee7 \u0111\u1ed9ng h\u01a1n trong vi\u1ec7c t\u1ea1o d\u1ef1ng m\u1ed1i quan h\u1ec7 v\u1edbi c\u00e1c ch\u00ednh tr\u1ecb gia, chuy\u00ean gia \u0111\u1ea7u ng\u00e0nh…<\/strong><\/span><\/p>\n

V\u1edbi quan \u0111i\u1ec3m “l\u00e0m \u0103n th\u00ec ph\u1ea3i c\u00f3 quan h\u1ec7<\/em>“, nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ebf h\u1ec7 m\u1edbi nh\u01b0 \u00f4ng ch\u1ee7 c\u1ee7a Blackstone kh\u00f4ng ch\u1ec9 ch\u00fa \u00fd \u0111\u1ebfn b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a doanh nghi\u1ec7p m\u00e0 c\u00f2n c\u1ea3 c\u00e1c m\u1ed1i quan h\u1ec7 ph\u1ee9c t\u1ea1p n\u1eefa.<\/span><\/p>\n

Nhi\u1ec1u ng\u01b0\u1eddi kh\u00e1c th\u00ec cho r\u1eb1ng Schwarzman thu\u1ed9c tr\u01b0\u1eddng ph\u00e1i “th\u1ef1c d\u1ee5ng<\/strong><\/em>“. Ngh\u0129a l\u00e0 t\u00f9y v\u00e0o t\u1eebng ho\u00e0n c\u1ea3nh c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng nh\u1eefng ph\u01b0\u01a1ng ph\u00e1p kh\u00e1c nhau, th\u1eadm ch\u00ed c\u00f3 th\u1ec3 \u0111\u1ed1i l\u1eadp nhau. \u00d4ng kh\u00f4ng b\u1ecb \u00e1m \u1ea3nh v\u00e0 c\u0169ng kh\u00f4ng t\u1ef1 tr\u00f3i bu\u1ed9c m\u00ecnh v\u00e0o m\u1ed9t tri\u1ebft l\u00fd c\u1ee5 th\u1ec3 n\u00e0o c\u1ea3<\/em>.<\/strong><\/span><\/p>\n

Warren Buffett ch\u1eafc ch\u1eafn s\u1ebd kh\u00f4ng bao gi\u1edd l\u01b0\u1edbt s\u00f3ng c\u1ed5 phi\u1ebfu c\u1ee7a m\u00ecnh v\u00e0i l\u1ea7n trong m\u1ed9t n\u0103m hay t\u1eadn d\u1ee5ng c\u00e1c th\u00f4ng tin h\u00e0nh lang \u0111\u1ec3 ki\u1ebfm l\u1eddi nh\u01b0ng Stephen Schwarzman s\u1ebd l\u00e0m nh\u01b0 v\u1eady n\u1ebfu th\u1ea5y vi\u1ec7c \u0111\u00f3 c\u00f3 th\u1ec3 \u0111em l\u1ea1i l\u1ee3i nhu\u1eadn.<\/span><\/p>\n

\u00d4ng c\u0169ng c\u00f3 h\u1ec7 th\u1ed1ng ph\u00e2n t\u00edch \u0111\u1ecbnh l\u01b0\u1ee3ng v\u1edbi c\u00e1c chuy\u00ean gia h\u00e0ng \u0111\u1ea7u th\u1ebf gi\u1edbi nh\u01b0ng \u00f4ng c\u0169ng s\u1eb5n s\u00e0ng v\u1ee9t n\u00f3 qua m\u1ed9t b\u00ean n\u1ebfu nh\u01b0 nh\u1eefng ng\u01b0\u1eddi b\u1ea1n n\u1ed5i ti\u1ebfng c\u1ee7a \u00f4ng nh\u01b0 Donald Trump, Jack Ma, V\u01b0\u01a1ng K\u1ef3 S\u01a1n, Wilbur Ross\u2026 cung c\u1ea5p cho \u00f4ng m\u1ed9t s\u1ed1 th\u00f4ng tin hay g\u1ee3i \u00fd c\u00f3 gi\u00e1 tr\u1ecb v\u1ec1 ch\u00ednh s\u00e1ch c\u1ee7a Ch\u00ednh ph\u1ee7 trong t\u01b0\u01a1ng lai. R\u00f5 r\u00e0ng, d\u01b0\u1edbi g\u00f3c nh\u00ecn n\u00e0y th\u00ec Stephen Schwarzman r\u1ea5t gi\u1ed1ng v\u1edbi m\u1ed9t l\u00e1i bu\u00f4n quy\u1ec1n l\u1ef1c<\/em>.<\/span><\/p>\n

C\u00e1c nh\u00e2n vi\u00ean c\u1ee7a Stephen Schwarzman c\u0169ng v\u1eady, h\u1ecd kh\u00f4ng ch\u1ec9 l\u00e0 nh\u1eefng ng\u01b0\u1eddi gi\u1ecfi ph\u00e2n t\u00edch c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh m\u00e0 c\u00f2n ph\u1ea3i l\u00e0 nh\u1eefng ng\u01b0\u1eddi kh\u00e9o l\u00e9o v\u00e0 bi\u1ebft c\u00e1ch t\u1ea1o quan h\u1ec7 trong c\u00e1c h\u1ec7 th\u1ed1ng quy\u1ec1n l\u1ef1c.<\/span><\/p>\n

Theo nh\u01b0 \u00f4ng ch\u1ee7 Stephen Schwarzman chia s\u1ebb, “m\u00f4 h\u00ecnh c\u0169 l\u00e0 mua l\u1ea1i c\u00e1c c\u00f4ng ty t\u0103ng tr\u01b0\u1edfng ch\u1eadm, t\u1ea1o th\u00eam \u0111\u00f2n b\u1ea9y v\u00e0 sau \u0111\u00f3 b\u00e1n t\u00e0i s\u1ea3n gi\u1edd \u0111\u00e3 ch\u1ebft r\u1ed3i<\/em>“. T\u1ea7m nh\u00ecn m\u1edbi c\u1ee7a Blackstone l\u00e0 1 doanh nghi\u1ec7p mu\u1ed1n th\u1ed1ng tr\u1ecb th\u1ecb tr\u01b0\u1eddng c\u00e1c t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0 thay th\u1ebf (alternative investment).<\/span><\/p>\n

2. T\u1ef1 tho\u00e1t kh\u1ecfi “b\u1eaby t\u00e2m l\u00ed”<\/em> trong \u0111\u1ea7u t\u01b0<\/strong><\/span><\/p>\n

Nh\u1eefng c\u1ea3m x\u00fac r\u1ea5t \u0111\u1ed7i b\u00ecnh th\u01b0\u1eddng c\u00f3 l\u1ebd l\u1ea1i l\u00e0 k\u1ebb th\u00f9 l\u1edbn nh\u1ea5t c\u1ee7a m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0. Do \u0111\u00f3, ch\u00eca kh\u00f3a \u0111\u1ec3 th\u00e0nh c\u00f4ng trong gi\u1edbi \u0111\u1ea7u t\u01b0, d\u00f9 b\u1ea1n \u0111ang \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n hay l\u01b0\u1edbt s\u00f3ng, l\u00e0 s\u1ef1 k\u1ef7 lu\u1eadt<\/strong><\/em>. M\u1ecdi giao d\u1ecbch ph\u1ea3i n\u1eb1m trong m\u1ed9t k\u1ebf ho\u1ea1ch. B\u1ea1n ph\u1ea3i bi\u1ebft ch\u00ednh x\u00e1c m\u00ecnh s\u1ebd b\u00e1n ch\u1ee9ng kho\u00e1n \u1edf m\u1ee9c gi\u00e1 n\u00e0o, cao hay th\u1ea5p.<\/em><\/strong><\/span><\/p>\n

T\u1ed1t h\u01a1n v\u1eabn n\u00ean \u0111\u1eb7t c\u00e1c l\u1ec7nh d\u1eebng v\u1edbi m\u1ed7i l\u1ec7nh mua, b\u1edfi v\u00ec ngay khi th\u1ecb tr\u01b0\u1eddng b\u1eaft \u0111\u1ea7u bi\u1ebfn \u0111\u1ed9ng, m\u1ecdi th\u1ee9 tr\u1edf n\u00ean kh\u00f3 n\u1eafm b\u1eaft. M\u1ecdi ng\u01b0\u1eddi th\u01b0\u1eddng ngh\u0129 vi\u1ec7c l\u1ef1a ch\u1ecdn \u0111i\u1ec3m r\u01a1i \u0111\u1ec3 v\u00e0o giao d\u1ecbch l\u00e0 kh\u00f3 nh\u01b0ng th\u1ef1c ra x\u00e1c \u0111\u1ecbnh \u0111i\u1ec3m r\u01a1i \u0111\u1ec3 ra kh\u1ecfi giao d\u1ecbch m\u1edbi kh\u00f3 h\u01a1n r\u1ea5t nhi\u1ec1u<\/em>. B\u1ea1n c\u1ee9 t\u01b0\u1edfng vi\u1ec7c ch\u1ed1t l\u00e3i ho\u1eb7c c\u1eaft l\u1ed7 l\u00e0 d\u1ec5, nh\u01b0ng m\u1ed9t khi b\u1ea1n n\u1eafm gi\u1eef m\u1ed9t c\u1ed5 phi\u1ebfu bi\u1ebfn \u0111\u1ed9ng nhanh, n\u1ed7i s\u1ee3 h\u00e3i v\u00e0 l\u00f2ng tham s\u1ebd nhanh ch\u00f3ng l\u00e0m b\u1ea1n thi\u1ebfu s\u00e1ng su\u1ed1t v\u00e0 d\u1ec5 d\u00e0ng thua l\u1ed7.<\/span><\/p>\n

\u0110\u1ec3 tr\u00e1nh \u0111\u01b0\u1ee3c c\u00e1i b\u1eaby n\u00e0y, h\u00e3y tr\u1ea3 l\u1eddi m\u1ed9t c\u00e2u h\u1ecfi m\u00e0 nh\u1eefng ng\u01b0\u1eddi th\u00e0nh c\u00f4ng lu\u00f4n t\u1ef1 h\u1ecfi b\u1ea3n th\u00e2n h\u1ecd v\u1ec1 nh\u1eefng kho\u1ea3n \u0111\u1ea7u t\u01b0 h\u1ecd \u0111ang n\u1eafm gi\u1eef<\/em>: “N\u1ebfu ng\u00e0y h\u00f4m nay b\u1ea1n kh\u00f4ng n\u1eafm gi\u1eef m\u00e3 c\u1ed5 phi\u1ebfu hay tr\u00e1i phi\u1ebfu n\u00e0y, th\u00ec li\u1ec7u b\u00e2y gi\u1edd b\u1ea1n c\u00f3 s\u1eb5n s\u00e0ng mua ch\u00fang<\/em><\/strong>?” N\u1ebfu c\u00e2u tr\u1ea3 l\u1eddi l\u00e0 kh\u00f4ng, th\u00ec h\u00e3y b\u00e1n ra. V\u00e0 n\u1ebfu c\u00e2u h\u1ecfi l\u00e0 c\u00f3 th\u00ec ti\u1ebfp t\u1ee5c n\u1eafm gi\u1eef. N\u00f3 ch\u1ec9 \u0111\u01a1n gi\u1ea3n v\u1eady th\u00f4i<\/em>.<\/strong><\/span><\/p>\n

\u00d4ng ch\u1ee7 c\u1ee7a Blackstone lu\u00f4n cho r\u1eb1ng c\u00e1c thi\u00ean t\u00e0i \u0111\u1ea7u t\u01b0 lu\u00f4n ph\u1ea3i c\u00f3 hai t\u00e0i s\u1ea3n quan tr\u1ecdng c\u1ea7n ph\u1ea3i b\u1ea3o v\u1ec7. \u0110\u00f3 l\u00e0 v\u1ed1n v\u00e0 ni\u1ec1m tin. Giao d\u1ecbch m\u00e0 khi\u1ebfn b\u1ea3n th\u00e2n lo l\u1eafng, m\u1ea5t ng\u1ee7, \u0111\u00f3 kh\u00f4ng ph\u1ea3i l\u00e0 giao d\u1ecbch. N\u00f3 s\u1ebd b\u00e0o m\u00f2n s\u1ee9c kh\u1ecfe v\u00e0 ni\u1ec1m tin. C\u00f2n ti\u1ec1n l\u00e0 c\u00f2n hy v\u1ecdng \u2013 \u0111\u1eebng bao gi\u1edd \u0111\u1ec3 thua l\u1ed7 qu\u00e1 n\u1eb7ng n\u1ec1 khi\u1ebfn ta kh\u00f4ng c\u00f2n c\u01a1 h\u1ed9i quay l\u1ea1i th\u1ecb tr\u01b0\u1eddng.<\/em><\/strong><\/span><\/p>\n

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

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

Stephen Schwarzman (Sinh ng\u00e0y 14 th\u00e1ng 2 n\u0103ng 1947) t\u1ea1i thung l\u0169ng Huntingdon bang Pennsylvania c\u1ee7a M\u1ef9, \u00d4ng l\u00e0 m\u1ed9t doanh nh\u00e2n, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1ed5i ti\u1ebfng c\u1ee7a M\u1ef9. \u00d4ng l\u00e0 t\u1ef7 ph\u00fa v\u1edbi t\u00e0i s\u1ea3n hi\u1ec7n c\u00f3 l\u00e0 h\u01a1n 17,2 t\u1ef7 \u0111\u00f4 la. N\u0103m 1991 \u00d4ng th\u00e0nh l\u1eadp Blackstone v\u1edbi ch\u1ec9 hai h\u1ed9i vi\u00ean v\u00e0 hai tr\u1ee3 l\u00fd.\u00a0 T\u00ednh […]<\/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\/2338"}],"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=2338"}],"version-history":[{"count":3,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2338\/revisions"}],"predecessor-version":[{"id":2341,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2338\/revisions\/2341"}],"wp:attachment":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2338"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}