{"id":2664,"date":"2020-03-26T08:14:16","date_gmt":"2020-03-26T08:14:16","guid":{"rendered":"http:\/\/tvtinvest.com\/?p=2664"},"modified":"2020-03-26T08:16:30","modified_gmt":"2020-03-26T08:16:30","slug":"nha-dau-tu-francois-rochon-va-nhung-loi-khuyen-dau-tu","status":"publish","type":"post","link":"http:\/\/tvtinvest.com\/?p=2664","title":{"rendered":"NH\u00c0 \u0110\u1ea6U T\u01af FRANCOIS ROCHON V\u00c0 NH\u1eeeNG L\u1edcI KHUY\u00caN \u0110\u1ea6U T\u01af"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft\" src=\"https:\/\/investing.vn\/home\/wp-content\/uploads\/2019\/12\/8-nguy%C3%AAn-t%E1%BA%AFc-%C4%91%E1%BA%A7u-t%C6%B0-c%E1%BB%A7a-b%E1%BA%ADc-th%E1%BA%A7y-Francois-Rochon.1.jpg\" alt=\"8 nguy\u00ean t\u1eafc \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1eadc th\u1ea7y Francois Rochon\" width=\"309\" height=\"174\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\"><strong>Francois Rochon<\/strong> l\u00e0 m\u1ed9t doanh nh\u00e2n, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 nh\u00e0 t\u1eeb thi\u1ec7n n\u1ed5i ti\u1ebfng th\u1ebf gi\u1edbi. \u00d4ng \u0111\u01b0\u1ee3c gi\u1edbi t\u00e0i ch\u00ednh bi\u1ebft t\u1edbi l\u00e0 qu\u1ea3n l\u00fd qu\u1ef9 Giverny Capital n\u1ed5i ti\u1ebfng t\u1ea1i \u0111\u1ea5t n\u01b0\u1edbc bi\u1ec3u t\u01b0\u1ee3ng l\u00e1 phong &#8211; Canada. \u00d4ng sinh ra, l\u1edbn l\u00ean t\u1ea1i m\u1ed9t ng\u00f4i l\u00e0ng ngo\u1ea1i \u00f4. T\u1edbi n\u0103m 18 tu\u1ed5i, \u00f4ng l\u1ef1a ch\u1ecdn ng\u00e0nh k\u0129 s\u01b0 \u0111i\u1ec7n t\u1ea1i tr\u01b0\u1eddng \u0111\u1ea1i h\u1ecdc \u00c9cole Polytechnique t\u1ea1i th\u00e0nh ph\u1ed1 Montreal.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">Sau khi t\u1ed1t nghi\u1ec7p \u0111\u1ea1i h\u1ecdc, \u00f4ng v\u1eeba h\u1ecdc l\u00ean ti\u1ebfp th\u1ea1c s\u0129 nghi\u00ean c\u1ee9u \u0111\u1ed3ng th\u1eddi \u0111i l\u00e0m k\u1ef9 s\u01b0 m\u1ea1ng cho INRS-Telecom v\u00e0 Teleglobe Canada. \u0110\u00e2y ch\u00ednh l\u00e0 2 c\u00f4ng ty vi\u1ec5n th\u00f4ng n\u1ed5i ti\u1ebfng t\u1ea1i Canada thu\u1edf b\u1ea5y gi\u1edd. Theo \u0111u\u1ed5i \u0111am m\u00ea v\u1edbi ng\u00e0nh k\u0129 thu\u1eadt su\u1ed1t c\u1ea3 qu\u00e3ng tu\u1ed5i tr\u1ebb, vi\u1ec7c t\u1edbi v\u1edbi \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng nh\u01b0 m\u1ed9t c\u01a1 duy\u00ean khi m\u1ed9t ng\u01b0\u1eddi b\u1ea1n th\u00e2n c\u1ee7a \u00f4ng \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n v\u00e0 qua m\u1ed9t cu\u1ed9c tr\u00f2 chuy\u1ec7n ng\u1eabu h\u1ee9ng, \u00f4ng th\u1ea5y th\u00edch th\u00fa v\u00e0 quy\u1ebft \u0111\u1ecbnh t\u1eadp trung v\u00e0o t\u00ecm hi\u1ec3u v\u1ec1 th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh \u2013 ch\u1ee9ng kho\u00e1n.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">K\u1ec3 t\u1eeb n\u0103m 1990, ngo\u00e0i vi\u1ec7c l\u00e0m ch\u00ednh, \u00f4ng b\u1eaft \u0111\u1ea7u nghi\u00eam t\u00fac h\u1ecfi h\u1ecdc v\u00e0 b\u01b0\u1edbc \u0111\u1ea7u \u0111\u1ebfn v\u1edbi ch\u1ee9ng kho\u00e1n. <em>N\u0103m 1993, \u00f4ng quy\u1ebft \u0111\u1ecbnh xin th\u00f4i vi\u1ec7c t\u1ea1i c\u00f4ng ty vi\u1ec5n th\u00f4ng v\u00e0 ch\u00ednh th\u1ee9c b\u01b0\u1edbc v\u00e0o con \u0111\u01b0\u1eddng c\u1ee7a m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p<\/em>. \u00d4ng xin vi\u1ec7c t\u1ea1i m\u1ed9t qu\u1ef9 \u0111\u1ea7u t\u01b0 c\u1ee7a Canada v\u00e0 ch\u1ec9 trong<em> 3 n\u0103m sau \u0111\u00f3, v\u1edbi v\u1ed1n ki\u1ebfn th\u1ee9c th\u1ef1c t\u1ebf t\u00edch l\u0169y c\u0169ng nh\u01b0 s\u1ef1 nh\u1ea1y b\u00e9n v\u1edbi th\u1ecb tr\u01b0\u1eddng, Rochon \u0111\u00e3 quy\u1ebft \u0111\u1ecbnh m\u1edf c\u00f4ng ty qu\u1ea3n l\u00ed qu\u1ef9 v\u1edbi t\u00ean g\u1ecdi Giverny Capital.<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">Giverny Capital ch\u1ee7 y\u1ebfu cung c\u1ea5p d\u1ecbch v\u1ee5 t\u01b0 v\u1ea5n \u0111\u1ea7u t\u01b0 v\u00e0 qu\u1ea3n l\u00fd \u0111\u1ea7u t\u01b0 cho kh\u00e1ch h\u00e0ng d\u1ef1a tr\u00ean tri\u1ebft l\u00fd \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng l\u00e0 t\u00ecm ki\u1ebfm v\u00e0 s\u1edf h\u1eefu c\u00e1c c\u00f4ng ty xu\u1ea5t s\u1eafc trong th\u1eddi gian d\u00e0i h\u1ea1n.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">\u0110\u1ed1i v\u1edbi Rochon,\u00a0<\/span><em style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">chi\u1ebfn l\u01b0\u1ee3c m\u00e0 \u00f4ng theo \u0111u\u1ed5i su\u1ed1t cu\u1ed9c \u0111\u1eddi \u0111\u1ea7u t\u01b0 v\u00e0 l\u00e0m vi\u1ec7c c\u1ee7a m\u00ecnh ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 &#8220;<strong>N\u1ebfu b\u1ea1n l\u00e0m t\u1ed1t c\u00e1c c\u00f4ng \u0111o\u1ea1n khi mua, th\u00ec th\u1eddi gian b\u00e1n l\u00e0\u2026 kh\u00f4ng bao gi\u1edd<\/strong>&#8220;<\/em><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">Trong su\u1ed1t qu\u00e1 tr\u00ecnh \u0111\u1ea7u t\u01b0, <em>\u00f4ng c\u0169ng chia s\u1ebb ch\u1ee7 y\u1ebfu \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty c\u00f3 v\u1ed1n ho\u00e1 l\u1edbn v\u00e0 v\u1eeba, tuy nhi\u00ean ph\u1ea3i l\u00e0 c\u00f4ng ty c\u00f3 ti\u1ec1m n\u0103ng m\u00e0 \u00f4ng c\u00f3 th\u1ec3 ph\u00e2n t\u00edch \u0111\u01b0\u1ee3c<\/em>. Trong su\u1ed1t giai \u0111o\u1ea1n \u0111i\u1ec1u h\u00e0nh qu\u1ef9 \u0111\u1ea7u t\u01b0 k\u1ec3 t\u1eeb n\u0103m 1996, qu\u1ef9 c\u1ee7a \u00f4ng lu\u00f4n \u0111\u1ea1t t\u1ec9 su\u1ea5t sinh <strong><em>l\u1eddi \u0111\u1ec1u \u0111\u1eb7n x\u1ea5p x\u1ec9 23 % m\u1ed7i n\u0103m.<\/em><\/strong> B\u00ean c\u1ea1nh \u0111\u00f3 l\u1ee3i nhu\u1eadn b\u00ecnh qu\u00e2n h\u00e0ng n\u0103m c\u0169ng <em>\u0111\u1ea1t m\u1ee9c h\u01a1n 15% trong 20 n\u0103m k\u1ec3 t\u1eeb 1996<\/em>.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">\u0110\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c nh\u1eefng th\u00e0nh t\u00edch \u0111\u00f3, nh\u1eefng l\u1eddi khuy\u00ean c\u1ee5 th\u1ec3 trong \u0111\u1ea7u t\u01b0 m\u00e0 \u00f4ng chia s\u1ebb nh\u01b0 sau:<\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\"><strong>1. Coi \u0111\u1ea7u t\u01b0 gi\u1ed1ng nh\u01b0 ch\u0103m s\u00f3c v\u01b0\u1eddn c\u00e2y \u0103n qu\u1ea3<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">Rochon c\u00f3 quan ni\u1ec7m &#8220;<strong><em>m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 gi\u1ed1ng nh\u01b0 m\u1ed9t v\u01b0\u1eddn c\u00e2y \u0103n qu\u1ea3<\/em><\/strong>&#8221; v\u00e0 \u00f4ng th\u01b0\u1eddng <em>l\u1ef1a ch\u1ecdn c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng cao, \u0111ang b\u1ecb th\u1ecb tr\u01b0\u1eddng \u0111\u1ecbnh gi\u00e1 th\u1ea5p v\u00e0 s\u1eb5n s\u00e0ng n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu \u0111\u00f3 t\u1eeb 3-5 n\u0103m<\/em>. V\u00e0 t\u1ea5t nhi\u00ean, <em>k\u1ef3 v\u1ecdng r\u1eb1ng t\u1ea5t c\u1ea3 c\u00e1c c\u00e2y trong v\u01b0\u1eddn \u0111\u1ec1u cho qu\u1ea3 \u0111\u1ec1u \u0111\u1eb7n m\u1ed7i n\u0103m l\u00e0 \u0111i\u1ec1u kh\u00e1 phi l\u00fd<\/em>.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\"><span style=\"font-family: times new roman, times, serif;\"><span style=\"font-size: 20px;\">V\u1edbi \u00f4ng, <\/span><\/span><em style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">m\u1ed9t v\u1ee5 m\u00f9a th\u00e0nh c\u00f4ng, c\u00f3 th\u1ec3 ph\u1ea3i ch\u1edd \u0111\u1ee3i t\u1eeb 3-5 n\u0103m<\/em><span style=\"font-family: times new roman, times, serif;\"><span style=\"font-size: 20px;\">. Khi \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t c\u00f4ng ty, <\/span><\/span><em><span style=\"font-family: times new roman, times, serif;\"><span style=\"font-size: 20px;\">\u00f4ng th\u00edch nh\u1eefng c\u00f4ng ty kh\u00f4ng c\u00f3 ho\u1eb7c c\u00f3 \u00edt n\u1ee3. Ngo\u00e0i ra, ban gi\u00e1m \u0111\u1ed1c c\u0169ng ph\u1ea3i n\u1eafm gi\u1eef m\u1ed9t l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu nh\u1ea5t \u0111\u1ecbnh\u00a0\u0111\u1ec3 \u0111\u1ea3m b\u1ea3o r\u1eb1ng l\u1ee3i \u00edch c\u1ee7a ban gi\u00e1m \u0111\u1ed1c s\u1ebd g\u1eafn li\u1ec1n v\u1edbi l\u1ee3i \u00edch c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng kh\u00e1c.<\/span><\/span><\/em><\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\"><strong>2. H\u00e3y mua m\u1eb7t h\u00e0ng t\u1ed1t nh\u1ea5t thay v\u00ec m\u1eb7t h\u00e0ng r\u1ebb nh\u1ea5t<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">S\u1ed1 \u0111\u00f4ng nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec1u ngh\u0129 r\u1eb1ng t\u1ed1t nh\u1ea5t l\u00e0 n\u00ean mua l\u01b0\u1ee3ng l\u1edbn c\u1ed5 phi\u1ebfu gi\u00e1 th\u1ea5p thay v\u00ec s\u1ed1 l\u01b0\u1ee3ng nh\u1ecf c\u1ed5 phi\u1ebfu gi\u00e1 cao; \u0111i\u1ec1u n\u00e0y mang \u0111\u1ebfn c\u1ea3m gi\u00e1c r\u1eb1ng h\u1ecd \u0111ang mua \u0111\u01b0\u1ee3c nhi\u1ec1u h\u01a1n v\u1edbi s\u1ed1 ti\u1ec1n c\u1ee7a m\u00ecnh. Tuy nhi\u00ean \u0111\u00e2y l\u1ea1i l\u00e0 m\u1ed9t suy ngh\u0129 ho\u00e0n to\u00e0n sai l\u1ea7m. T\u1ed1t nh\u1ea5t l\u00e0 b\u1ea1n n\u00ean mua 30 ho\u1eb7c 50 c\u1ed5 ph\u1ea7n c\u00f3 gi\u00e1 cao c\u1ee7a nh\u1eefng c\u00f4ng ty \u0111ang th\u1ec3 hi\u1ec7n th\u00e0nh t\u00edch t\u1ed1t. <strong><em>H\u00e3y suy ngh\u0129 theo s\u1ed1 ti\u1ec1n m\u00e0 b\u1ea1n \u0111\u1ea7u t\u01b0 thay v\u00ec s\u1ed1 c\u1ed5 ph\u1ea7n b\u1ea1n c\u00f3 th\u1ec3 mua.<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\"><strong><em>H\u00e3y mua m\u1eb7t h\u00e0ng t\u1ed1t nh\u1ea5t c\u00f3 th\u1ec3, ch\u1ee9 kh\u00f4ng ph\u1ea3i m\u1eb7t h\u00e0ng r\u1ebb nh\u1ea5t<\/em><\/strong>. Nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng c\u01b0\u1ee1ng l\u1ea1i n\u1ed5i tr\u01b0\u1edbc nh\u1eefng c\u1ed5 phi\u1ebfu gi\u00e1 r\u1ebb nh\u01b0ng <em>\u0111a s\u1ed1 c\u00e1c c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c b\u00e1n \u1edf m\u1ee9c gi\u00e1 th\u1ea5p \u0111\u1ec1u c\u00f3 l\u00fd do gi\u1ea3i th\u00edch cho s\u1ef1 r\u1ebb m\u1ea1t c\u1ee7a ch\u00fang. Ho\u1eb7c l\u00e0 ch\u00fang \u0111\u00e3 t\u1ecf ra k\u00e9m c\u1ecfi trong qu\u00e1 kh\u1ee9 ho\u1eb7c l\u00e0 ch\u00fang \u0111ang g\u1eb7p r\u1eafc r\u1ed1i ngay trong hi\u1ec7n t\u1ea1i<\/em>.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\"><strong><em>Ch\u1ec9 n\u00ean \u0111\u00e1nh \u0111\u1ed5i tham gia khi ch\u00fang ta th\u1ef1c s\u1ef1 bi\u1ebft r\u00f5 c\u00e2u chuy\u1ec7n s\u1eafp t\u1edbi \u0111\u00e2y c\u1ee7a doanh nghi\u1ec7p hay m\u1ed9t th\u00f4ng tin \u0111\u1eb7c bi\u1ec7t n\u00e0o \u0111\u00f3 c\u00f3 \u0111\u1ed9 tin c\u1eady cao<\/em><\/strong>. <em>H\u00e3y suy ngh\u0129 \u0111\u01a1n gi\u1ea3n r\u1eb1ng c\u1ed5 phi\u1ebfu c\u0169ng nh\u01b0 m\u1ecdi th\u1ee9 h\u00e0ng h\u00f3a kh\u00e1c, <strong>\u0111\u1ec1u theo quy lu\u1eadt ti\u1ec1n n\u00e0o c\u1ee7a \u1ea5y v\u00e0 d\u0129 nhi\u00ean m\u1eb7t h\u00e0ng t\u1ed1t nh\u1ea5t kh\u00f4ng bao gi\u1edd c\u00f3 m\u1ee9c gi\u00e1 r\u1ebb nh\u1ea5t<\/strong><\/em><strong>.<\/strong><\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\"><strong>3. \u0110\u1ea7u t\u01b0 trong v\u00f2ng tr\u00f2n n\u0103ng l\u1ef1c c\u1ee7a b\u1ea3n th\u00e2n<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">Khi l\u1ef1a ch\u1ecdn c\u1ed5 phi\u1ebfu \u00f4ng <strong><em>ch\u1ec9 l\u1ef1a ch\u1ecdn trong\u00a0v\u00f2ng tr\u00f2n n\u0103ng l\u1ef1c\u00a0c\u1ee7a b\u1ea3n th\u00e2n<\/em><\/strong>. \u0110i\u1ec1u quan tr\u1ecdng kh\u00f4ng ph\u1ea3i l\u00e0 v\u00f2ng tr\u00f2n n\u0103ng l\u1ef1c \u0111\u00f3 nh\u1ecf hay l\u1edbn m\u00e0 <strong><em>bi\u1ebft gi\u1edbi h\u1ea1n c\u1ee7a v\u00f2ng tr\u00f2n n\u0103ng l\u1ef1c c\u1ee7a m\u00ecnh v\u00e0 b\u1ea1n ch\u1ec9 \u0111i trong \u0111\u00f3.<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">B\u01b0\u1edbc ra kh\u1ecfi v\u00f2ng tr\u00f2n n\u0103ng l\u1ef1c, b\u1ea1n d\u1ec5 d\u00e0ng \u0111\u01b0a ra nh\u1eefng quy\u1ebft \u0111\u1ecbnh thua l\u1ed7 v\u00e0 sai l\u1ea7m. Tr\u00ean th\u1ecb tr\u01b0\u1eddng, <em>\u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn cao h\u01a1n ng\u01b0\u1eddi kh\u00e1c, b\u1ea1n ph\u1ea3i c\u00f3 ki\u1ebfn th\u1ee9c t\u1ed1t h\u01a1n v\u1ec1 doanh nghi\u1ec7p m\u00e0 b\u1ea1n \u0111\u1ea7u t\u01b0<\/em>. \u0110\u1ec3 th\u00e0nh c\u00f4ng, <em>b\u1ea1n ch\u1ec9 n\u00ean ch\u0103m ch\u0103m v\u00e0o c\u00e1c c\u00f4ng ty m\u00e0 b\u1ea1n c\u00f3 th\u1ec3 hi\u1ec3u v\u00e0 \u0111\u00e1nh gi\u00e1 t\u1ed1t<\/em>. Ho\u1eb7c l\u00e0 thu\u1ea7n ph\u01b0\u01a1ng ph\u00e1p c\u01a1 b\u1ea3n, ho\u1eb7c l\u00e0 thu\u1ea7n k\u0129 thu\u1eadt, <strong><em>h\u00e3y l\u1ef1a ch\u1ecdn c\u1ed5 phi\u1ebfu trong t\u1ea7m hi\u1ec3u bi\u1ebft c\u1ee7a b\u1ea3n th\u00e2n.<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\"><strong>4. Bi\u1ebft khi n\u00e0o c\u1ea7n b\u00e1n<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">Rochon \u0111\u00e3 t\u1eebng n\u00f3i:\u00a0&#8220;<strong><em>N\u1ebfu b\u1ea1n l\u00e0m t\u1ed1t c\u00e1c c\u00f4ng \u0111o\u1ea1n khi mua, th\u00ec th\u1eddi gian b\u00e1n l\u00e0\u2026 kh\u00f4ng bao gi\u1edd<\/em><\/strong>&#8220;. C\u00f3 th\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u01b0\u1eddng v\u1ed1n lu\u00f4n mu\u1ed1n t\u00ecm l\u00ed do \u0111\u1ec3 ngh\u0129 t\u1ed1t cho doanh nghi\u1ec7p m\u00e0 m\u00ecnh l\u1ef1a ch\u1ecdn \u0111\u1ea7u t\u01b0, tuy nhi\u00ean kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o th\u1ef1c t\u1ebf c\u0169ng \u0111\u00fang.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 20px;\">Do \u0111\u00f3 \u00f4ng khuy\u00ean v\u1edbi m\u1ed7i <strong><em>nh\u00e0 \u0111\u1ea7u t\u01b0 khi quy\u1ebft \u0111\u1ecbnh b\u00e1n c\u1ed5 phi\u1ebfu th\u00ec l\u00fd do b\u00e1n c\u0169ng n\u00ean h\u00e0i h\u00f2a v\u1edbi l\u00fd do mua, nh\u1eefng l\u00fd do mua kh\u00f4ng c\u00f2n gi\u00e1 tr\u1ecb th\u00ec n\u00ean c\u00e2n nh\u1eafc b\u00e1n<\/em><\/strong>. N\u00f3i c\u00e1ch kh\u00e1c, <em>khi m\u1eafc sai l\u1ea7m trong ph\u00e2n t\u00edch hay tri\u1ec3n v\u1ecdng kinh doanh x\u1ea5u \u0111i th\u00ec \u0111\u00f3 l\u00e0 th\u1eddi \u0111i\u1ec3m \u0111\u1ec3 b\u00e1n. M\u1ed9t \u0111i\u1ec1u n\u1eefa \u0111\u1ec3 b\u00e1n \u0111\u1ed1i v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 ngu\u1ed3n v\u1ed1n gi\u1edbi h\u1ea1n, l\u00e0 b\u00e1n \u0111\u1ec3 mua nh\u1eefng c\u01a1 h\u1ed9i kh\u00e1c t\u1ed1t h\u01a1n<\/em>.<\/span><\/p>\n<p style=\"text-align: right;\">S\u01afU T\u1ea6M<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Francois Rochon l\u00e0 m\u1ed9t doanh nh\u00e2n, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 nh\u00e0 t\u1eeb thi\u1ec7n n\u1ed5i ti\u1ebfng th\u1ebf gi\u1edbi. \u00d4ng \u0111\u01b0\u1ee3c gi\u1edbi t\u00e0i ch\u00ednh bi\u1ebft t\u1edbi l\u00e0 qu\u1ea3n l\u00fd qu\u1ef9 Giverny Capital n\u1ed5i ti\u1ebfng t\u1ea1i \u0111\u1ea5t n\u01b0\u1edbc bi\u1ec3u t\u01b0\u1ee3ng l\u00e1 phong &#8211; Canada. \u00d4ng sinh ra, l\u1edbn l\u00ean t\u1ea1i m\u1ed9t ng\u00f4i l\u00e0ng ngo\u1ea1i \u00f4. T\u1edbi n\u0103m 18 tu\u1ed5i, \u00f4ng l\u1ef1a ch\u1ecdn ng\u00e0nh [&#8230;]<\/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\/2664"}],"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=2664"}],"version-history":[{"count":3,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2664\/revisions"}],"predecessor-version":[{"id":2667,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2664\/revisions\/2667"}],"wp:attachment":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2664"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}