Core Viewpoint - The article emphasizes the importance of controlling drawdowns in investment funds to achieve long-term success, suggesting that lower volatility often correlates with higher returns [4][7][17]. Fund Performance Analysis - From January 1, 2020, to November 20, 2025, the median return of Chinese equity mutual funds was approximately 44.78%, with an annualized compound return of about 6.45% and a median drawdown of 45.12% [5][6]. - Funds with severe drawdowns (60-80%) accounted for 12.53% of the total, with an average return of 26.8%. In contrast, funds with smaller drawdowns (15-30%) represented 10.25% and achieved an average return of 72.25% [6][7]. - The data indicates that 81.28% of funds experienced drawdowns greater than 30%, with over 50.38% facing drawdowns exceeding 45% [6]. Drawdown and Return Relationship - There is an inverse relationship between drawdown magnitude and average return; larger drawdowns lead to lower average returns. For instance, a drawdown of over 30% requires a rebound of 43% to break even [7][8]. - Funds with drawdowns between 15% and 30% achieved the highest average returns, while those with minimal drawdowns (0-15%) had lower average returns [7]. Investor Behavior and Market Dynamics - Investors often struggle to profit from highly volatile funds due to emotional reactions, leading to premature buying and selling decisions [8][10]. - The case of "Wooden Sister" (Cathie Wood) illustrates how significant volatility can lead to substantial losses for latecomers who buy at market peaks [8][10]. Investment Philosophy - The article draws parallels between investment strategies and philosophical teachings from "Tao Te Ching," advocating for moderation and the avoidance of excessive greed [17][20]. - It highlights that enduring volatility is essential for long-term investment success, as evidenced by successful investment firms that manage to withstand significant drawdowns [15][16]. Conclusion - The key takeaway is that achieving a balance between risk and return is crucial in investment, and understanding the costs associated with pursuing higher returns is essential for long-term success [22][23].

大家好我是大鱼 在奥斯汀的街头 第一辆“无人” Model Y 真的开上路了 没有司机 没有安全员 只有FSD在 操控方向盘 这不只是 一次测试 而是一场产业 天秤的倾斜时刻 Waymo 领先的优势 正在被Tesla的 成本速度反超 究竟谁会 率先让Robotaxi 成为现实？ 大家不要错过 今天的精彩内容 OK let's go 第一部分 无人Robotaxi 上街了？ 特斯拉在 Austin街头 有大动作！ 一辆Model Y 里头空荡荡的 没有驾驶 没有安全员 就靠FSD 无监督驾驶滑行 这画面 太科幻了吧？ 但我们也不能 只看表面 下面就来聊聊 背后的 硬仗和隐忧 先来扒扒 事实层面 Robotaxi Tracker 数据显示 特斯拉在Austin 有31辆活跃车 湾区125辆 总舰队达到 了156辆 成长曲线很稳 每小时 可用率93% 总里程已经 突破55万英 里马斯克 刚刚 也在X上亲口确认 Robotaxi的 测试已经上路 重要的是车内无人 纯FSD扛大梁 Electrek报导 这是从6月 Austin商业服务 启动后的 重大转折 当时还有 安全员在 前座盯着 现在呢？ Musk预测 三周内 将 ...

Core Viewpoint - Elon Musk warns that American Airlines could lose customers if its in-flight internet service does not meet expectations, particularly in light of competition from Starlink and Amazon's satellite internet service [1][2][4]. Group 1: Customer Retention Concerns - Musk emphasized that American Airlines risks losing a significant number of customers if their connectivity solution fails [2]. - Influencer Sawyer Merritt echoed Musk's concerns, highlighting that American Airlines may be making a mistake by considering Amazon's satellite service, which has significantly fewer satellites in orbit compared to Starlink [3]. Group 2: Competitive Landscape - American Airlines is reportedly exploring a deal with Amazon's satellite internet service provider, Leo, as indicated by CEO Robert Isom, who mentioned that there are alternatives to Starlink [4]. - In contrast, Starlink has secured a deal with United Airlines, which will enhance its onboard WiFi services and offer free access to MileagePlus members [5]. Group 3: Future Developments - SpaceX is potentially looking to expand Starlink's offerings into mobile telecommunications, as indicated by recent trademark filings for "STARLINK MOBILE" [6]. - Additionally, SpaceX is preparing for an IPO next year, targeting a valuation of $1.5 trillion, which was hinted at during Tesla's annual shareholder meeting [7].

As I look back on the past 12 months in the automotive world, the Year of the Supercar could rightfully be considered 2025, since it now seems there may be no limit to the number of cars Bugatti, Pagani, Koenigsegg, Lamborghini and Luxury cars in general played heavily in 2025. The average price of a new car in the segment reached record heights — above $50,000 — in the US as demand for such vehicles continues to grow. Manual transmissions powered by internal combustion saw high appeal among wealthy consum ...

Billionaire entrepreneur and Tesla Inc. (NASDAQ:TSLA) CEO, Elon Musk’s one-word response to a post on X is shedding light on the sheer size and scale of China’s economy, while also busting assumptions regarding the East Asian giant’s reliance on the United States. China’s Massive Domestic MarketOn Sunday, Musk responded to a post by energy executive Jesse Peltan on X, regarding the size of China’s domestic market, with a one-word response, “Yup.”Peltan said, “Exports are only 20% of China's GDP,” which curr ...

RT Tesla Owners Silicon Valley (@teslaownersSV)BREAKING: Grok surges past Gemini to claim #1 on OpenRouter’s monthly leaderboard!xAI’s Grok models processed nearly 8 trillion tokens last month — almost double Gemini’s ~4.4 trillion.This isn’t just a win; it’s massive scale dominance driven by developer preference and real-world usage.Grok is powering the future at lightspeed 🚀 ...

TSLAQ https://t.co/EDGtSk18Pa ...

Kid Rock praises Elon Musk"Not only for everything he stands for and the sh*t he says...Elon is f*cking awesome..."https://t.co/IJjHnChohh ...

新闻荐读 特斯拉首席执行官埃隆・马斯克（Elon Musk）于周日证实，公司已在得克萨斯州奥斯汀启动无人驾驶 Robotaxi 路 测，测试车辆内未配备任何乘员。 马斯克表示，Robotaxi不仅是一项服务，更是"个人交通的终极形式"，能让出行更安全、高效、便宜。Robotaxi将 为特斯拉带来巨大收益，是"万亿美元级机会"。 据媒体此前报道，当地时间6月22日，马斯克在社交平台上宣布"推出自动驾驶出租车"。他表示，这是十年辛勤工 作的成果，特斯拉AI芯片和软件团队都是在特斯拉内部从零开始组建的。 和之前宣传的无人驾驶不同，每辆车都在前排配备了安全员。 马斯克在社交媒体上表示，特斯拉自动驾驶出租车服务将固定收取4.20美元的统一费用。他强调，公司在安全方 面"格外谨慎"，特斯拉将配备专业团队实施远程监控干预，保障试运营的安全性。 两辆特斯拉 Model Y Robotaxi 被目击在奥斯汀公共道路上行驶，车内空无一人。 马斯克还表示，Robotaxi车队可实现高利用率（每车每周运行超40小时），毛利率可能高达70%—80%，远超传统 汽车业务。马斯克称，特斯拉的目标是让无人驾驶车辆比人类驾驶安全10倍以上。他 ...

RT Tesla Club Austria (@TeslaClubAT)Watching @MrColionNoir go from “meh” to “take my money” after his first Cybertruck spin with @woodhaus2 is gold. That acceleration, steer-by-wire, FSD wizardry, and bulletproof vibes? Game over for skeptics. ...