{"id":72772,"date":"2026-06-04T01:41:43","date_gmt":"2026-06-03T16:41:43","guid":{"rendered":"https:\/\/wordpress.realcollector.jp\/blog\/?p=72772"},"modified":"2026-06-04T01:41:43","modified_gmt":"2026-06-03T16:41:43","slug":"%e3%83%86%e3%83%b3%e3%83%90%e3%82%ac%e3%83%bc","status":"publish","type":"post","link":"https:\/\/wordpress.realcollector.jp\/blog\/?p=72772","title":{"rendered":"\u30c6\u30f3\u30d0\u30ac\u30fc"},"content":{"rendered":"<p>\u30c6\u30f3\u30d0\u30ac\u30fc\u3068\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u6709\u540d\u306a\u6295\u8cc7\u5bb6\u30d4\u30fc\u30bf\u30fc\u30fb\u30ea\u30f3\u30c1\uff08Peter Lynch\uff09\u304c\u63d0\u5531\u3057\u305f\u6295\u8cc7\u7528\u8a9e\u3067\u3001\u6295\u8cc7\u3057\u305f\u682a\u5f0f\u306e\u682a\u4fa1\u304c\u53d6\u5f97\u6642\u304b\u308910\u500d\uff08ten bag\uff1d10\u500b\u306e\u888b\uff09\u306b\u4e0a\u6607\u3059\u308b\u9298\u67c4\u3092\u6307\u3057\u307e\u3059\u3002\u30ea\u30f3\u30c1\u306f\u81ea\u8457\u300e\u682a\u3067\u52dd\u3064\u300f\uff08\u539f\u984c\uff1aOne Up on Wall Street\uff09\u306a\u3069\u3067\u3001\u3053\u306e\u300c\u30c6\u30f3\u30d0\u30ac\u30fc\u300d\u3068\u3044\u3046\u6982\u5ff5\u3092\u7d39\u4ecb\u3057\u3001\u500b\u4eba\u6295\u8cc7\u5bb6\u3067\u3082\u9577\u671f\u7684\u306b\u512a\u308c\u305f\u6210\u9577\u4f01\u696d\u3092\u767a\u6398\u3059\u308c\u3070\u3001\u8cc7\u7523\u3092\u5927\u304d\u304f\u5897\u3084\u3059\u30c1\u30e3\u30f3\u30b9\u304c\u3042\u308b\u3068\u8aac\u3044\u3066\u3044\u307e\u3059\u3002\u3053\u3053\u3067\u306f\u3001\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306b\u3082\u5206\u304b\u308a\u3084\u3059\u3044\u3088\u3046\u306b\u3001\u30c6\u30f3\u30d0\u30ac\u30fc\u306e\u6982\u8981\u3001\u610f\u7fa9\u3001\u9054\u6210\u8981\u56e0\u3001\u6ce8\u610f\u70b9\u306a\u3069\u3092500\u5b57\u4ee5\u4e0a\u3067\u89e3\u8aac\u3057\u3001\u3055\u3089\u306b\u30c6\u30f3\u30d0\u30ac\u30fc\u682a\u306b\u898b\u3089\u308c\u308b\u4e3b\u306a\u7279\u5fb4\u3092\u30ea\u30b9\u30c8\u5f62\u5f0f\u3067\u307e\u3068\u3081\u307e\u3059\u3002<\/p>\n<p>\u30c6\u30f3\u30d0\u30ac\u30fc\u306e\u6982\u8981 \u30d4\u30fc\u30bf\u30fc\u30fb\u30ea\u30f3\u30c1\u306f\u30de\u30bc\u30e9\u30f3\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u7387\u3044\u3066\u9ad8\u3044\u904b\u7528\u6210\u7e3e\u3092\u4e0a\u3052\u305f\u540d\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3042\u308a\u3001\u305d\u306e\u6295\u8cc7\u54f2\u5b66\u306e\u4e00\u3064\u304c\u300c\u6210\u9577\u682a\u3092\u6839\u6c17\u3088\u304f\u30db\u30fc\u30eb\u30c9\u3059\u308c\u3070\u3001\u5e02\u5834\u5e73\u5747\u3092\u5927\u304d\u304f\u30a2\u30a6\u30c8\u30d1\u30d5\u30a9\u30fc\u30e0\u3067\u304d\u308b\u300d\u3068\u3044\u3046\u3082\u306e\u3067\u3059\u3002\u30ea\u30f3\u30c1\u306f10\u500d\u306b\u5024\u4e0a\u304c\u308a\u3059\u308b\u9298\u67c4\u3092\u300c\u30c6\u30f3\u30d0\u30ac\u30fc\u300d\u3068\u540d\u4ed8\u3051\u3001\u9650\u3089\u308c\u305f\u6570\u306f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u727d\u5f15\u3059\u308b\u91cd\u8981\u306a\u5b58\u5728\u306b\u306a\u308b\u3068\u6307\u6458\u3057\u307e\u3057\u305f\u3002\u65e5\u672c\u56fd\u5185\u3067\u3082\u3001\u305f\u3068\u3048\u3070\u30b3\u30f3\u30d4\u30e5\u30fc\u30bf\u95a2\u9023\u3084\u30d0\u30a4\u30aa\u95a2\u9023\u4f01\u696d\u3001\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u30b5\u30fc\u30d3\u30b9\u4f01\u696d\u306a\u3069\u3001\u6570\u5e74\u306710\u500d\u8fd1\u3044\u4e0a\u6607\u3092\u6f14\u3058\u305f\u9298\u67c4\u304c\u5b9f\u969b\u306b\u51fa\u73fe\u3057\u3066\u304a\u308a\u3001\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u304c\u3053\u306e\u6982\u5ff5\u306b\u6ce8\u76ee\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c6\u30f3\u30d0\u30ac\u30fc\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306e\u8981\u56e0\u306f\u591a\u5c90\u306b\u308f\u305f\u308a\u307e\u3059\u304c\u3001\u5171\u901a\u3057\u3066\u8a00\u3048\u308b\u306e\u306f\u300c\u7d99\u7d9a\u7684\u306a\u58f2\u4e0a\u30fb\u5229\u76ca\u6210\u9577\u300d\u300c\u512a\u308c\u305f\u7d4c\u55b6\u9663\u300d\u300c\u5f37\u56fa\u306a\u7af6\u4e89\u512a\u4f4d\uff08Moat\uff09\u300d\u300c\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306e\u62e1\u5f35\u6027\u300d\u300c\u5e02\u5834\u74b0\u5883\u306e\u8ffd\u3044\u98a8\u300d\u3068\u3044\u3046\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002\u4e00\u65b9\u3067\u3001\u6210\u9577\u671f\u5f85\u5148\u884c\u3067\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u304c\u6975\u7aef\u306b\u9ad8\u9a30\u3057\u3066\u3044\u308b\u5834\u5408\u3084\u3001\u6210\u9577\u304c\u920d\u5316\u3059\u308b\u3068\u4e00\u6c17\u306b\u4e0b\u843d\u30ea\u30b9\u30af\u3082\u3042\u308b\u305f\u3081\u3001\u6ce8\u610f\u6df1\u3044\u9298\u67c4\u9078\u5225\u3068\u9069\u5207\u306a\u58f2\u8cb7\u30bf\u30a4\u30df\u30f3\u30b0\u5224\u65ad\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u30c6\u30f3\u30d0\u30ac\u30fc\u306f\u8ab0\u3067\u3082\u5fc5\u305a\u898b\u3064\u3051\u3089\u308c\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u696d\u7e3e\u3084\u5e02\u5834\u30b7\u30a7\u30a2\u3001\u7d4c\u55b6\u6226\u7565\u3092\u4e39\u5ff5\u306b\u5206\u6790\u3057\u3001\u9577\u671f\u6295\u8cc7\u306e\u8996\u70b9\u3067\u7c98\u308a\u5f37\u304f\u30db\u30fc\u30eb\u30c9\u3059\u308b\u3053\u3068\u3067\u300110\u500d\u682a\u3092\u5c04\u6b62\u3081\u308b\u30c1\u30e3\u30f3\u30b9\u306f\u5341\u5206\u306b\u3042\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u4e00\u5ea6\u30c6\u30f3\u30d0\u30ac\u30fc\u3092\u9054\u6210\u3057\u305f\u9298\u67c4\u3067\u3082\u3001\u305d\u306e\u5f8c\u3055\u3089\u306b\u6570\u500d\u3068\u306a\u308b\u30b1\u30fc\u30b9\u3082\u5c11\u306a\u304f\u306a\u3044\u305f\u3081\u3001\u4e0a\u6607\u9014\u4e2d\u3067\u7126\u3063\u3066\u58f2\u5374\u305b\u305a\u3001\u4f01\u696d\u306e\u6210\u9577\u30b9\u30c8\u30fc\u30ea\u30fc\u3092\u4fe1\u3058\u3066\u4fdd\u6709\u3057\u7d9a\u3051\u308b\u5fcd\u8010\u529b\u3082\u5927\u5207\u3067\u3059\u3002<\/p>\n<p>\u3010\u30c6\u30f3\u30d0\u30ac\u30fc\u682a\u306b\u898b\u3089\u308c\u308b\u4e3b\u306a\u7279\u5fb4\uff085\u9805\u76ee\u4ee5\u4e0a\uff09\u3011 1. \u7d99\u7d9a\u7684\u306a\u58f2\u4e0a\u9ad8\u30fb\u55b6\u696d\u5229\u76ca\u306e\u4e8c\u6841\u4ee5\u4e0a\u306e\u6210\u9577 2. \u696d\u754c\u5185\u3067\u306e\u72ec\u81ea\u6280\u8853\u3084\u30d6\u30e9\u30f3\u30c9\u529b\u306b\u3088\u308b\u5f37\u56fa\u306a\u7af6\u4e89\u512a\u4f4d\u6027\uff08\u53c2\u5165\u969c\u58c1\uff09 3. \u7d4c\u55b6\u8005\u3084\u7d4c\u55b6\u9663\u306e\u8cc7\u672c\u52b9\u7387\u3078\u306e\u3053\u3060\u308f\u308a\uff08ROE\u30fbROIC\u304c\u9ad8\u3044\uff09 4. \u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5b89\u5b9a\u7684\u304b\u3064\u5341\u5206\u306a\u5275\u51fa 5. \u65b0\u898f\u5e02\u5834\u958b\u62d3\u3084\u30b0\u30ed\u30fc\u30d0\u30eb\u5c55\u958b\u306a\u3069\u3001\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306e\u62e1\u5f35\u6027 6. \u682a\u4fa1\u53ce\u76ca\u7387\uff08PER\uff09\u304c\u6210\u9577\u898b\u901a\u3057\u306b\u6bd4\u3057\u3066\u9069\u5ea6\u306b\u5272\u5b89\u307e\u305f\u306f\u5408\u7406\u7684 7. \u6295\u8cc7\u5bb6\u5411\u3051IR\u3084\u60c5\u5831\u958b\u793a\u304c\u5145\u5b9f\u3057\u3001\u900f\u660e\u6027\u304c\u9ad8\u3044<\/p>\n<p>\u3010\u4e3b\u306a\u53c2\u8003\u6587\u732e\u30fb\u8cc7\u6599\uff08\u65e5\u672c\u8a9e\uff09\u3011 1. \u30a6\u30a3\u30ad\u30da\u30c7\u30a3\u30a2\u300c\u30c6\u30f3\u30d0\u30ac\u30fc\u300d <a href=\"https:\/\/ja.wikipedia.org\/wiki\/%E3%83%86%E3%83%B3%E3%83%90%E3%82%AC%E3%83%BC\">https:\/\/ja.wikipedia.org\/wiki\/\u30c6\u30f3\u30d0\u30ac\u30fc<\/a> 2. \u30de\u30cd\u30c3\u30af\u30b9\u8a3c\u5238\u300c\u30d4\u30fc\u30bf\u30fc\u30fb\u30ea\u30f3\u30c1\u306e\u6295\u8cc7\u624b\u6cd5\u3068\u30c6\u30f3\u30d0\u30ac\u30fc\u9298\u67c4\u306e\u898b\u3064\u3051\u65b9\u300d <a href=\"https:\/\/info.monex.co.jp\/archives\/22676\">https:\/\/info.monex.co.jp\/archives\/22676<\/a> 3. ZUU online\u300c\u30d4\u30fc\u30bf\u30fc\u30fb\u30ea\u30f3\u30c1\u306e\u300e\u30c6\u30f3\u30d0\u30ac\u30fc\u6226\u7565\u300f\u3092\u5fb9\u5e95\u89e3\u8aac\uff01\u300d <a href=\"https:\/\/zuuonline.com\/archives\/231512\">https:\/\/zuuonline.com\/archives\/231512<\/a> 4. \u6771\u6d0b\u7d4c\u6e08\u30aa\u30f3\u30e9\u30a4\u30f3\u300c\u30c6\u30f3\u30d0\u30ac\u30fc\u3092\u751f\u3080\u6210\u9577\u682a\u306e\u6761\u4ef6\u3068\u306f\uff1f\u300d <a href=\"https:\/\/toyokeizai.net\/articles\/-\/285614\">https:\/\/toyokeizai.net\/articles\/-\/285614<\/a> 5. Kabutan\uff08\u682a\u63a2\uff09\u300c\u30c6\u30f3\u30d0\u30ac\u30fc\u3092\u72d9\u3046\uff0110\u500d\u682a\u5019\u88dc\u9298\u67c4\u7279\u96c6\u300d <a href=\"https:\/\/kabutan.jp\/news\/marketnews\/?b=n202104260122\">https:\/\/kabutan.jp\/news\/marketnews\/?b=n202104260122<\/a> 6. \u65e5\u7d4c\u96fb\u5b50\u7248\u300c\u6210\u9577\u682a\u6295\u8cc7\u3067\u30c6\u30f3\u30d0\u30ac\u30fc\u3092\u76ee\u6307\u3059\u30dd\u30a4\u30f3\u30c8\u300d <a href=\"https:\/\/www.nikkei.com\/tokyo-market\/tenbagger\/\">https:\/\/www.nikkei.com\/tokyo-market\/tenbagger\/<\/a> 7. \u30e2\u30fc\u30cb\u30f3\u30b0\u30b9\u30bf\u30fc\u300c\u30c6\u30f3\u30d0\u30ac\u30fc\u9298\u67c4\u306e\u898b\u6975\u3081\u65b9\u3068\u30ea\u30b9\u30af\u7ba1\u7406\u300d <a href=\"https:\/\/www.morningstar.co.jp\/feature\/202001-1.html\">https:\/\/www.morningstar.co.jp\/feature\/202001-1.html<\/a><\/p>\n<p>\u4ee5\u4e0a\u304c\u300c\u30c6\u30f3\u30d0\u30ac\u30fc\u300d\u306e\u6982\u8981\u8aac\u660e\u3001\u7279\u5fb4\u30ea\u30b9\u30c8\u3001\u53c2\u8003\u6587\u732e\u4e00\u89a7\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u3092\u53c2\u8003\u306b\u3001\u81ea\u3089\u306e\u6295\u8cc7\u6226\u7565\u306b\u53d6\u308a\u5165\u308c\u300110\u500d\u682a\u3092\u76ee\u6307\u3057\u305f\u9577\u671f\u6295\u8cc7\u3092\u691c\u8a0e\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p><a href=\"https:\/\/wordpress.realcollector.jp\/blog\/wp-content\/uploads\/2026\/06\/current_stablediffusion_api_response-44.png\" rel=\"attachment wp-att-72773\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"72773\" data-permalink=\"https:\/\/wordpress.realcollector.jp\/blog\/?attachment_id=72773\" data-orig-file=\"https:\/\/wordpress.realcollector.jp\/blog\/wp-content\/uploads\/2026\/06\/current_stablediffusion_api_response-44.png\" data-orig-size=\"512,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;alt&quot;:&quot;&quot;}\" data-image-title=\"current_stablediffusion_api_response\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/wordpress.realcollector.jp\/blog\/wp-content\/uploads\/2026\/06\/current_stablediffusion_api_response-44-300x300.png\" 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