Core Viewpoint - The article discusses the performance of deep value fund managers during different market conditions, highlighting their underperformance in the current bull market compared to growth-style fund managers, particularly in sectors like technology and innovation [4][20]. Group 1: Performance Comparison - In the past three years of bear markets, deep value fund managers performed relatively well, with many managing over 10 billion in assets [5]. - As of September 24, 2023, mainstream deep value fund managers like Xu Yan and Jiang Cheng had annual returns below 20%, while the average return of the CSI Active Equity Fund Index reached 34.11% [6][12]. - The article notes that deep value fund managers typically focus on low-valuation, stable companies, which leads to lower returns in bull markets but better performance in bear markets [14][19]. Group 2: Investment Philosophy - Deep value fund managers invest from an owner's perspective, focusing on long-term intrinsic value rather than short-term market fluctuations [16]. - They emphasize "quality and price," seeking high-quality companies that are undervalued due to market sentiment [17]. - Safety margins are crucial in their investment decisions, as they aim to protect against errors and downside risks [17][18]. Group 3: Market Trends and Strategies - The current bull market has favored growth-style funds, particularly those heavily invested in technology, with some achieving over 200% annual returns [7]. - Deep value fund managers often hold significant positions in traditional sectors like finance and real estate, which have underperformed in the current market [14][19]. - The article suggests that deep value funds should be considered for core portfolio allocations, especially for conservative investors [23][24]. Group 4: Selection Criteria - Not all low-valuation stocks represent deep value; some may belong to contrarian or cyclical strategies [29]. - Investors should focus on the stability of deep value fund managers' styles, as many have shifted towards growth or other strategies over time [36][38]. - The article advises that deep value funds can serve as a bottom-layer allocation in a diversified portfolio, balancing risk and return [24][26].

Group 1 - Israel's government approved a ceasefire agreement with Hamas, facilitating the end of the conflict and the release of hostages and humanitarian aid to Gaza [2] - Russian President Putin discussed the investigation into the crash of an Azerbaijani passenger plane, attributing the incident to multiple factors, including technical failures in the Russian defense system [3] - The death of Guan Jinsheng, known as the "father of Chinese securities," was announced, highlighting his significant contributions and controversies in the Chinese securities industry [5] Group 2 - Changan Automobile announced that its joint venture, Avita Technology, has completed the payment of 11.5 billion yuan for a 10% stake in Huawei's subsidiary [6][7] - Microsoft predicts that the data center supply crisis will extend until mid-2026, affecting Azure cloud service subscriptions due to physical space and server shortages [9] - The Chinese government announced export controls on five categories of materials, including rare earths and lithium batteries, effective November 8, to maintain national security [21] Group 3 - The launch of the AI application Sora saw over one million downloads in less than five days, raising concerns about copyright infringement [12] - Tesla is under investigation by U.S. regulators for incidents involving its vehicles violating traffic laws while using its Full Self-Driving system, affecting approximately 2.9 million cars [13][14] - NIO's recent executive departures in its autonomous driving division were addressed, with the company restructuring to enhance its AI capabilities [20]

Core Viewpoint - The article discusses the departure of Yao Shunyu from Anthropic to Google DeepMind, highlighting the increasing anti-China sentiment within Anthropic and the broader implications for the AI industry amid geopolitical tensions [5][6][8]. Group 1: Reasons for Departure - Yao Shunyu cited 40% of his decision to leave Anthropic as a reaction to the company's labeling of China as a "hostile nation," with the remaining 60% attributed to undisclosed internal information [6]. - Anthropic has explicitly excluded Chinese capital and markets from its operations, recently announcing a halt to services for companies with over 50% Chinese ownership [9][10]. Group 2: Anthropic's Business Strategy - Despite its rapid growth, Anthropic's leadership has called for strict controls on technology exports to China, reflecting a defensive posture against perceived threats from Chinese AI advancements [10][12]. - The company has shifted its focus to enterprise-level API sales, particularly in AI programming, following the launch of Claude 3.5 [10]. Group 3: Competitive Landscape - In response to Anthropic's actions, several Chinese tech giants are seizing the opportunity to develop their own AI programming products, such as ByteDance's Trae and Tencent's CodeBuddy, which integrate capabilities from Claude and other leading models [11][16]. - The article notes a "technology cold war" emerging, with Chinese firms like Alibaba and Kimi rapidly enhancing their models to attract users displaced by Anthropic's service restrictions [14][15]. Group 4: Market Dynamics - The competitive environment is intensifying, with various Chinese AI firms offering incentives to attract former Claude users, including free tokens and migration services [16][17]. - The article highlights the potential for a price war among domestic AI providers, as they seek to capture market share in the wake of Anthropic's restrictions [18][19].

以下文章来源于刺猬公社 ，作者刺猬公社编辑部 本文来自微信公众号： 刺猬公社 （ID：ciweigongshe） ，作者：毛巾，编辑：园长，题图来自：视 觉中国 又是一年繁忙的出游季，在国庆黄金周全民出行大潮下，鲜有人注意到国内的旅行攻略鼻祖——穷游 网，在上个月悄悄"诈尸"了。 9月，穷游网宣布旗下出行APP"穷游行程助手"回归，一时间引发不少资深老用户的关注。很多十几 年前的老穷游er们，在看到行程助手再次复活后，纷纷在穷游网官方公众号的推文下留言，表达对长 旅行攻略的怀念。当年被穷游锦囊帮助过的人们也开始在评论区彼此认亲，仿佛那个一人一背包一攻 略走天下的年代，从来没有远去过。 刺猬公社 . 互联网内容行业观察与研究 图源穷游网公众号评论区 与公众号相比，穷游网的小红书账号则略显冷清，同样的消息发布近一个月，只有寥寥几十个收藏和 点赞。一个是颇为"古典老派"的行程助手，一个是当下最多旅行攻略发布的内容平台，二者放在一起 总显得有些格格不入，也向广大用户和旅行爱好者们提出一个问题—— 在这个讲究打卡和出片的轻 旅行时代，我们真的还需要一份细致的日程表和攻略吗？ 落后了N个版本的"上古化石" 在应用商店找到 ...

以下文章来源于江宁知府 ，作者印闲生 江宁知府 . 你将已经踏上旧时的归途 本文来自微信公众号： 江宁知府 ，作者：印闲生，题图来自：视觉中国 过去几个月里，越南进行了轰轰烈烈的全国机构大调整。 具体动作包括把现有的63个省市合并成34个，撤销县级行政单位，把现有的10035个乡级行政区合并 成3000多个，最终实施"省-乡"两个层级的地方行政管理模式 （或称"中央-省-乡"三级行政模式） 。 这些调整进行得如何，越南方面又有哪些心得呢？ 这是多年审慎研究的成果，体现了越南党和国家突破性创新的决心和战略眼光，旨在精简组织机构、 节约财政预算、强化地方分权，同时为形成大规模、具有地区和国际竞争力的新增长极创造条件。 先引用一篇越南官媒的文章，有删改： "在摆脱战争、实现国家完全统一50年后，越南正迎来一场新的伟大革命——省级行政区划合并与行 政机构精简，旨在推动民族稳健前行。 省级行政区划合并与行政机构精简并非我们党新主张，而是早在8年前，即越共十二届中央委员会于 2017年10月25日颁布《关于继续革新和构建精简高效的政治体系若干问题》决议中所提倡的。 （笔者注：苏林这套班子的政治影响力尚未完全巩固，在机构改 ...

以下文章来源于差评X.PIN ，作者世超 差评X.PIN . Debug The World，关注科技、数码、汽车、产经、游戏，传播能改变世界的科技互联网信息。 本文来自微信公众号： 差评X.PIN ，作者：刺猬，编辑：莽山烙铁头，原文标题：《没有源代码， 他用5年时间把红警2给重写了。》，题图来自：AI生成 差友们，我要说一个离谱的事。 有这么一款游戏，过了二十多年，还有一堆人像磕了药一样天天玩。 它就是红警 2。 你别不信。 但问题来了，当你突然想来一把红警，回味下童年时——抱歉，你一定会被劝退。 你网上搜到的那些红警安装包，虽然能玩，但很容易遇到问题。你要调好兼容性，解决一个个报错弹 窗，才能勉强进入游戏。 你可能想问，有没有电脑小白能玩上的版本？ 有是有。 咱们编辑部就有好几个老哥，每天中午不看小姐姐也不刷差评君，就逮着红警视频下饭，完了周末还 上对战平台 PK。 在各大媒体平台，也有很多专门制作红警视频的 UP 主，粉丝高达几十万甚至百万。 看到这，可能有差友回忆被勾起来了，脑子里已经框好几十辆光棱坦克准备 All in。 一些红警玩家会和你说，去下一个对战平台，再注册一个账号，接下验证码，完事了去 ...

Group 1 - The article discusses the changing perception of entrepreneurship, emphasizing that AI is making it more accessible for individuals without traditional resources or backgrounds to start their own ventures [2] - It highlights that AI enables people to perform tasks such as coding, design, market analysis, and content generation, thus lowering the barriers to entrepreneurship [2] - The narrative suggests that the traditional dichotomy of "stability" versus "risk" in career choices is evolving, allowing for more diverse paths and identities in the professional landscape [2] Group 2 - The article invites readers to share their thoughts and experiences regarding entrepreneurship before the age of 30, particularly in the context of leveraging AI for innovation [3] - It promotes an upcoming event, the F & M Innovation Festival, where entrepreneurs and AI pioneers will gather to discuss transforming ideas into projects [3] - The article encourages active participation by offering exclusive rewards for the most engaged users in the comments section [3]

以下文章来源于食通社Foodthink ，作者Yvonne 食通社Foodthink . 一个关于可持续食物的知识和信息平台，集结国内外研究者和实践者，共同传播和倡导更加可持续的农 业和食物系统。 本文来自微信公众号： 食通社Foodthink （ID：foodthinkchina） ，编辑：小丹，作者：Yvonne， 原文标题：《科技、农药与飞手："技术革命"的另一面》，题图来自：视觉中国 天刚蒙蒙亮，杨哥的无人机已经在稻田里工作有一段时间了。这位无人机飞手掌握着远近2000多亩 农作物的"生杀大权"，他戴着只露出两只眼睛的宽檐帽子，操作的遥控器上记录着飞行的航线和设定 参数。 7月份正是水稻田集中喷药的时节，杀虫药、封闭药、营养药，都需要无人机喷洒。无人机升空时， 四个旋翼会瞬间高速旋转，发出巨大的"嗡鸣声"，随之吹起一大股尘土，垂直上升到预设高度再开始 沿着预设的航线自动飞行，速度均匀，轨迹笔直。 与小巧的拍照无人机相比，农业无人机更大，重达30多公斤，负载能力也更强，通常带有喷洒或者 播种装置。作业时，无人机水箱中装配的农药经过机身下方的喷头喷出，药液雾化后形成一片均匀的 雾帘，给这片浅绿色的稻田披上 ...

Core Viewpoint - The article discusses the phenomenon of "Chicken Chop Brother" in Jingdezhen, highlighting the intersection of internet celebrity culture and local tourism, as well as the pressures and responsibilities that come with sudden fame [3][4][6]. Group 1: The Rise of "Chicken Chop Brother" - "Chicken Chop Brother," a 48-year-old man, became a viral sensation during the National Day holiday, attracting long queues of customers willing to wait for hours for his chicken chop [3][4]. - His success is attributed to a combination of his humorous personality, consistent pricing over nine years, and a focus on providing emotional value to customers, particularly students [6][7]. - The phenomenon reflects a broader trend in short video platforms where ordinary individuals can achieve sudden fame through algorithm-driven exposure [6][7]. Group 2: Impact on Local Tourism - The local government quickly recognized the potential of "Chicken Chop Brother" as a tourism ambassador, appointing him as the "Cultural Tourism Promotion Officer" for Jingdezhen [3][4]. - His popularity has led to increased foot traffic and sales for local vendors, with some reports indicating that surrounding vendors' incomes doubled due to the influx of tourists [7][10]. - However, the rapid commercialization and management of the situation have raised concerns about the authenticity of the local experience, with some locals expressing a desire for the attention to shift elsewhere [13][14]. Group 3: Challenges of Internet Celebrities - The article highlights the transient nature of internet fame, noting that many viral figures, like "Chicken Chop Brother," may struggle to maintain their status and the expectations placed upon them [10][11]. - The pressure to balance being a relatable street vendor with the responsibilities of a public figure can lead to burnout and a loss of the original charm that attracted followers [11][12]. - The phenomenon of "fast fame" often results in a quick decline, as seen with other internet celebrities who have faded from public interest shortly after their peak [10][12]. Group 4: Long-term Implications for Cities - The article argues that while internet celebrities can bring immediate attention and traffic to a city, sustainable tourism requires deeper cultural engagement and genuine hospitality [14][15]. - Cities should focus on enhancing the overall visitor experience rather than relying solely on viral figures, as the latter can lead to a superficial understanding of local culture [15][16]. - The long-term appeal of a city lies in its cultural richness and the sincerity with which it treats both residents and visitors, rather than in fleeting trends [16].

以下文章来源于投中网 ，作者蒲凡 投中网 . 投中网是领先的创新经济信息服务平台，拥有立体化传播矩阵，为创新经济人群提供深入、独到的智识 和洞见，在私募股权投资行业和创新商业领域拥有权威影响力。官网：www.chinaventure.com.cn 最有诱惑性的答案，大概就是买比特币了。十年以来，比特币虽然起起伏伏不断经历着"牛市——熊 市"的轮转，但也总能兜兜转转回到一条高昂向上的曲线，一枚比特币的价格从300美元涨到了最近 的11万美元左右，在全球市场所有资产类别中堪称"最靓的仔"。 然而，这个答案在操作性上有两个非常直观的问题。首先比特币不是贵金属也不是什么等价证券，本 质上它是一段算出来的代码。想要获得比特币，就需要足够的算力和足够的电力 （也就是"挖矿"） ，对于普通人来说成本实在是有点高。其次，加密货币这个资产类别始终游走在法律监管边缘，也在 很长一段时间内没有真实的落地场景，价格波动频繁且巨大。在这个前提下，即使能找到持有比特币 的卖家，双方都应该用什么货币、什么方式来定价交易呢？ 所以有机会穿越回10年前去投资比特币——哪怕是现在去投资比特币，你会发现大部分人都遵循着 这样的流程：先在交易所里， ...