{"id":10806,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm5\/"},"modified":"2026-09-22T07:04:40","modified_gmt":"2026-09-21T22:04:40","slug":"cfa-l1-pc-lm5","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm5\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L1 Portfolio Construction LM5\u3011The Behavioral Biases of Individuals \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u8a8d\u77e5\u7684\u8aa4\u308a\u30fb\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u30fb\u4ee3\u8868\u7684\u306a\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u30fb\u5e02\u5834\u30a2\u30ce\u30de\u30ea\u30fc"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 5\u300cThe Behavioral Biases of Individuals\uff08\u500b\u4eba\u306e\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\uff09\u300d\u306f\u3001\u8a8d\u77e5\u7684\u8aa4\u308a\u3068\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u306e\u9055\u3044\u3001\u4ee3\u8868\u7684\u306a\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3068\u305d\u308c\u304c\u610f\u601d\u6c7a\u5b9a\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3001\u305d\u3057\u3066\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u304c\u4f1d\u7d71\u7684\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u306f\u8aac\u660e\u3057\u306b\u304f\u3044\u5e02\u5834\u306e\u7279\u5fb4\u3092\u3069\u3046\u751f\u3080\u304b\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM5\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM5\u306b\u306f3\u3064\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u8a8d\u77e5\u7684\u8aa4\u308a\u3068\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u3092\u6bd4\u8f03\u30fb\u5bfe\u6bd4\u3059\u308b<\/span><span class=\"en\">compare and contrast cognitive errors and emotional biases<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u4e00\u822c\u306b\u8a8d\u3081\u3089\u308c\u3066\u3044\u308b\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3068\u3001\u305d\u308c\u3089\u304c\u91d1\u878d\u4e0a\u306e\u610f\u601d\u6c7a\u5b9a\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8ad6\u3058\u308b<\/span><span class=\"en\">discuss commonly recognized behavioral biases and their implications for financial decision making<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u6295\u8cc7\u5bb6\u306e\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u304c\u3001\u4f1d\u7d71\u7684\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u306f\u8aac\u660e\u3067\u304d\u306a\u3044\u53ef\u80fd\u6027\u306e\u3042\u308b\u5e02\u5834\u306e\u7279\u5fb4\u3092\u3069\u306e\u3088\u3046\u306b\u751f\u307f\u51fa\u3057\u5f97\u308b\u304b\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe how behavioral biases of investors can lead to market characteristics that may not be explained by traditional finance<\/span><\/li>\n<\/ol>\n<h2>LM5\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u500b\u4eba\u306f\u5e38\u306b\u5408\u7406\u7684\u306b\u884c\u52d5\u3057\u3001\u5229\u7528\u53ef\u80fd\u306a\u3059\u3079\u3066\u306e\u60c5\u5831\u3092\u8003\u616e\u3057\u3066\u610f\u601d\u6c7a\u5b9a\u3059\u308b\u3068\u306f\u9650\u3089\u305a\u3001\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3066\u6700\u9069\u3067\u306a\u3044\u5224\u65ad\u3092\u3059\u308b\u3053\u3068\u304c\u3042\u308b<\/li>\n<li>\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u306f\u8a8d\u77e5\u7684\u8aa4\u308a\u3068\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u306b\u5206\u985e\u3055\u308c\u308b\u304c\u30011\u3064\u306e\u30d0\u30a4\u30a2\u30b9\u304c\u4e21\u65b9\u306e\u5074\u9762\u3092\u6301\u3061\u3001\u3069\u3061\u3089\u304b\u304c\u512a\u52e2\u3068\u306a\u308b\u5834\u5408\u3082\u3042\u308b<\/li>\n<li>\u8a8d\u77e5\u7684\u8aa4\u308a\u306f\u7d71\u8a08\u30fb\u60c5\u5831\u51e6\u7406\u30fb\u8a18\u61b6\u306e\u8aa4\u308a\u306a\u3069\u63a8\u8ad6\u306e\u8aa4\u308a\u304b\u3089\u751f\u3058\u3001\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u306f\u885d\u52d5\u3084\u76f4\u611f\u306a\u3069\u611f\u60c5\u306b\u5f71\u97ff\u3055\u308c\u305f\u63a8\u8ad6\u304b\u3089\u751f\u3058\u308b<\/li>\n<li>\u8a8d\u77e5\u7684\u8aa4\u308a\u306f\u63a8\u8ad6\u306e\u8aa4\u308a\u306a\u306e\u3067\u4fee\u6b63\u3057\u3084\u3059\u304f\u3001\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u306f\u611f\u60c5\u306b\u6839\u3056\u3059\u305f\u3081\u4fee\u6b63\u3057\u306b\u304f\u3044\u3002\u30d0\u30a4\u30a2\u30b9\u3092\u8efd\u6e1b\uff08moderate\uff09\u3059\u308b\u304b\u3001\u53d7\u3051\u5165\u308c\u3066\u9069\u5fdc\uff08adapt\uff09\u3059\u308b\u304b\u3092\u9078\u3076<\/li>\n<li>\u8a8d\u77e5\u7684\u8aa4\u308a\u306f\u3001\u4fe1\u5ff5\u3078\u306e\u56fa\u57f7\u30d0\u30a4\u30a2\u30b9\uff08\u4fdd\u5b88\u6027\u3001\u78ba\u8a3c\u3001\u4ee3\u8868\u6027\u3001\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306e\u932f\u899a\u3001\u5f8c\u77e5\u6075\uff09\u3068\u60c5\u5831\u51e6\u7406\u30d0\u30a4\u30a2\u30b9\uff08\u30a2\u30f3\u30ab\u30ea\u30f3\u30b0\u3068\u8abf\u6574\u3001\u5fc3\u306e\u4f1a\u8a08\u3001\u30d5\u30ec\u30fc\u30df\u30f3\u30b0\u3001\u5229\u7528\u53ef\u80fd\u6027\uff09\u306b\u5206\u3051\u3089\u308c\u308b<\/li>\n<li>\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u306b\u306f\u3001\u640d\u5931\u56de\u907f\u3001\u81ea\u4fe1\u904e\u5270\u3001\u81ea\u5df1\u6291\u5236\u3001\u73fe\u72b6\u7dad\u6301\u3001\u4fdd\u6709\u52b9\u679c\u3001\u5f8c\u6094\u56de\u907f\u304c\u3042\u308b<\/li>\n<li>\u30d0\u30a4\u30a2\u30b9\u3092\u7406\u89e3\u3057\u898b\u3064\u3051\u308b\u3053\u3068\u304c\u3001\u91d1\u878d\u4e0a\u306e\u610f\u601d\u6c7a\u5b9a\u3078\u306e\u5f71\u97ff\u3092\u514b\u670d\u3059\u308b\u7b2c\u4e00\u6b69<\/li>\n<li>\u884c\u52d5\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306f\u3001\u5e02\u5834\u306e\u52b9\u7387\u6027\u304b\u3089\u306e\u898b\u304b\u3051\u4e0a\u306e\u4e56\u96e2\uff08\u5e02\u5834\u30a2\u30ce\u30de\u30ea\u30fc\uff09\u306e\u4e00\u90e8\u3092\u8aac\u660e\u3067\u304d\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u8a8d\u77e5\u7684\u8aa4\u308a\u3068\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9<\/h3>\n<p><strong>\u8a8d\u77e5\u7684\u8aa4\u308a<\/strong>\u306f\u3001\u7d71\u8a08\u30fb\u60c5\u5831\u51e6\u7406\u30fb\u8a18\u61b6\u306e\u8aa4\u308a\u3068\u3044\u3063\u305f<strong>\u63a8\u8ad6\u306e\u8aa4\u308a<\/strong>\u304b\u3089\u751f\u3058\u3001\u60c5\u5831\u3084\u6559\u80b2\u3067\u4fee\u6b63\u3057\u3084\u3059\u3044\u30d0\u30a4\u30a2\u30b9\u3067\u3059\u3002<strong>\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9<\/strong>\u306f\u885d\u52d5\u3084\u76f4\u611f\u306a\u3069<strong>\u611f\u60c5<\/strong>\u304b\u3089\u751f\u3058\u3001\u4fee\u6b63\u3057\u306b\u304f\u3044\u305f\u3081\u3001\u53d7\u3051\u5165\u308c\u3066\u9069\u5fdc\u3059\u308b\u5bfe\u5fdc\u304c\u4e2d\u5fc3\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u8a8d\u77e5\u7684\u8aa4\u308a\uff1a\u4fe1\u5ff5\u3078\u306e\u56fa\u57f7\u30d0\u30a4\u30a2\u30b9\u3068\u60c5\u5831\u51e6\u7406\u30d0\u30a4\u30a2\u30b9\u306e2\u7a2e\u985e<\/li>\n<li>\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\uff1a\u611f\u60c5\u30fb\u885d\u52d5\u30fb\u76f4\u611f\u306b\u57fa\u3065\u304f<\/li>\n<li>\u8a8d\u77e5\u7684\u8aa4\u308a\u306f\u8efd\u6e1b\uff08moderate\uff09\u3057\u3084\u3059\u3044<\/li>\n<li>\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u306f\u9069\u5fdc\uff08adapt\uff09\u3067\u5bfe\u51e6\u3059\u308b\u3053\u3068\u304c\u591a\u3044<\/li>\n<li>1\u3064\u306e\u30d0\u30a4\u30a2\u30b9\u304c\u4e21\u65b9\u306e\u8981\u7d20\u3092\u6301\u3064\u3053\u3068\u3082\u3042\u308b<\/li>\n<\/ul>\n<h3>LOS 2\uff1a\u4ee3\u8868\u7684\u306a\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3068\u610f\u601d\u6c7a\u5b9a\u3078\u306e\u5f71\u97ff<\/h3>\n<p>\u8a8d\u77e5\u7684\u8aa4\u308a\u306b\u306f<strong>\u4fdd\u5b88\u6027<\/strong>\u3001<strong>\u78ba\u8a3c<\/strong>\u3001<strong>\u4ee3\u8868\u6027<\/strong>\u3001<strong>\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306e\u932f\u899a<\/strong>\u3001<strong>\u5f8c\u77e5\u6075<\/strong>\u3001<strong>\u30a2\u30f3\u30ab\u30ea\u30f3\u30b0<\/strong>\u3001<strong>\u5fc3\u306e\u4f1a\u8a08<\/strong>\u3001<strong>\u30d5\u30ec\u30fc\u30df\u30f3\u30b0<\/strong>\u3001<strong>\u5229\u7528\u53ef\u80fd\u6027<\/strong>\u304c\u3042\u308a\u3001\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u306b\u306f<strong>\u640d\u5931\u56de\u907f<\/strong>\u3001<strong>\u81ea\u4fe1\u904e\u5270<\/strong>\u3001<strong>\u81ea\u5df1\u6291\u5236<\/strong>\u3001<strong>\u73fe\u72b6\u7dad\u6301<\/strong>\u3001<strong>\u4fdd\u6709\u52b9\u679c<\/strong>\u3001<strong>\u5f8c\u6094\u56de\u907f<\/strong>\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u4fdd\u5b88\u6027\uff1a\u65b0\u3057\u3044\u60c5\u5831\u306b\u5bfe\u3057\u3066\u898b\u65b9\u3092\u5341\u5206\u306b\u66f4\u65b0\u3057\u306a\u3044\u3001\u78ba\u8a3c\uff1a\u81ea\u5206\u306e\u8003\u3048\u3092\u652f\u6301\u3059\u308b\u60c5\u5831\u3060\u3051\u3092\u91cd\u8996<\/li>\n<li>\u4ee3\u8868\u6027\uff1a\u5c11\u6570\u306e\u7279\u5fb4\u304b\u3089\u985e\u578b\u306b\u5f53\u3066\u306f\u3081\u308b\uff08\u57fa\u6e96\u7387\u306e\u7121\u8996\u3001\u30b5\u30f3\u30d7\u30eb\u30fb\u30b5\u30a4\u30ba\u306e\u7121\u8996\uff09<\/li>\n<li>\u30a2\u30f3\u30ab\u30ea\u30f3\u30b0\uff1a\u6700\u521d\u306e\u6570\u5024\u306b\u5f15\u304d\u305a\u3089\u308c\u308b\u3001\u5fc3\u306e\u4f1a\u8a08\uff1a\u304a\u91d1\u3092\u5225\u3005\u306e\u52d8\u5b9a\u3067\u6271\u3046\u3001\u30d5\u30ec\u30fc\u30df\u30f3\u30b0\uff1a\u63d0\u793a\u306e\u4ed5\u65b9\u3067\u5224\u65ad\u304c\u5909\u308f\u308b<\/li>\n<li>\u640d\u5931\u56de\u907f\uff1a\u640d\u5931\u3092\u540c\u984d\u306e\u5229\u76ca\u3088\u308a\u91cd\u304f\u611f\u3058\u3001\u542b\u307f\u640d\u3092\u62b1\u3048\u5229\u76ca\u3092\u65e9\u304f\u78ba\u5b9a\u3059\u308b\uff08\u30c7\u30a3\u30b9\u30dd\u30b8\u30b7\u30e7\u30f3\u52b9\u679c\uff09<\/li>\n<li>\u81ea\u4fe1\u904e\u5270\uff1a\u81ea\u5206\u306e\u80fd\u529b\u3084\u60c5\u5831\u306e\u7cbe\u5ea6\u3092\u904e\u5927\u8a55\u4fa1\u3057\u3001\u904e\u5270\u58f2\u8cb7\u3084\u5206\u6563\u4e0d\u8db3\u306b<\/li>\n<li>\u73fe\u72b6\u7dad\u6301\u30fb\u4fdd\u6709\u52b9\u679c\u30fb\u5f8c\u6094\u56de\u907f\uff1a\u5909\u5316\u3092\u907f\u3051\u3001\u4fdd\u6709\u8cc7\u7523\u3092\u9ad8\u304f\u8a55\u4fa1\u3057\u3001\u5224\u65ad\u30df\u30b9\u306b\u3088\u308b\u5f8c\u6094\u3092\u6050\u308c\u308b<\/li>\n<\/ul>\n<h3>LOS 3\uff1a\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3068\u5e02\u5834\u306e\u7279\u5fb4<\/h3>\n<p>\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u306f\u3001<strong>\u30e2\u30e1\u30f3\u30bf\u30e0\uff08\u30c8\u30ec\u30f3\u30c9\u8ffd\u968f\uff09<\/strong>\u3001<strong>\u30d0\u30d6\u30eb\u3068\u66b4\u843d<\/strong>\u3001<strong>\u30d0\u30ea\u30e5\u30fc\u682a\u3068\u30b0\u30ed\u30fc\u30b9\u682a\u306e\u30ea\u30bf\u30fc\u30f3\u5dee<\/strong>\u306a\u3069\u3001\u4f1d\u7d71\u7684\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306e\u52b9\u7387\u7684\u5e02\u5834\u4eee\u8aac\u3067\u306f\u8aac\u660e\u3057\u306b\u304f\u3044\u5e02\u5834\u306e\u7279\u5fb4\u3092\u751f\u307f\u51fa\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30e2\u30e1\u30f3\u30bf\u30e0\uff1a\u30cf\u30fc\u30c7\u30a3\u30f3\u30b0\u3001\u5229\u7528\u53ef\u80fd\u6027\u3001\u5f8c\u6094\u56de\u907f\u306a\u3069\u306b\u3088\u308b\u4fa1\u683c\u30c8\u30ec\u30f3\u30c9\u306e\u7d99\u7d9a<\/li>\n<li>\u30d0\u30d6\u30eb\u3068\u66b4\u843d\uff1a\u81ea\u4fe1\u904e\u5270\u3001\u78ba\u8a3c\u30d0\u30a4\u30a2\u30b9\u3001\u640d\u5931\u56de\u907f\u306a\u3069\u304c\u95a2\u4e0e<\/li>\n<li>\u30d0\u30ea\u30e5\u30fc\u682a\u3068\u30b0\u30ed\u30fc\u30b9\u682a\uff1a\u4ee3\u8868\u6027\u30d0\u30a4\u30a2\u30b9\u3084\u611f\u60c5\u306b\u3088\u308b\u8a55\u4fa1\u306e\u6b6a\u307f<\/li>\n<li>\u30cf\u30ed\u30fc\u52b9\u679c\u3001\u30db\u30fc\u30e0\u30fb\u30d0\u30a4\u30a2\u30b9\uff08\u81ea\u56fd\u8cc7\u7523\u3078\u306e\u504f\u308a\uff09<\/li>\n<li>\u884c\u52d5\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306f\u5e02\u5834\u30a2\u30ce\u30de\u30ea\u30fc\u306e\u4e00\u90e8\u3092\u8aac\u660e\u3057\u5f97\u308b<\/li>\n<\/ul>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/present1\/\" target=\"_blank\" rel=\"noopener\">Level 1 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm4\/\">LM4 Basics of Portfolio Planning and Construction\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8a08\u753b\u3068\u69cb\u7bc9\u306e\u57fa\u790e\uff09<\/a><br \/>\n\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm6\/\">LM6 Introduction to Risk Management\uff08\u30ea\u30b9\u30af\u7ba1\u7406\u5165\u9580\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l1-pc\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 1 Portfolio Construction\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 1 Portfolio Construction LM5\u300cThe Behavioral Biases of Individuals\uff08\u500b\u4eba\u306e\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[98],"tags":[],"class_list":["post-10806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level1-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=10806"}],"version-history":[{"count":1,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10806\/revisions"}],"predecessor-version":[{"id":10979,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10806\/revisions\/10979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11152"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}