公募规模创新高，为啥我们还是赚不到钱？

Group 1 - The core point of the article highlights that despite the increasing scale of public funds, which reached 37.02 trillion yuan by the end of November, this does not necessarily translate to profits for individual investors [1][3] - The article emphasizes that while institutions hold 80% of circulating shares, their lack of active trading can lead to losses for retail investors, as seen in the example of a fund that grew in size but resulted in a 20% loss [3][4] - It is noted that many investors focus on superficial metrics like fund size and market trends without understanding the underlying trading intentions of institutions, which can lead to misguided investment decisions [3][9] Group 2 - The article discusses the concept of "false trends" in the stock market, where superficial price movements can mislead investors into making poor decisions [4][6] - It stresses that understanding trading behavior is significantly more valuable than merely observing price trends, as trading actions ultimately dictate market movements [8][9] - The importance of using quantitative data to analyze institutional trading behavior is highlighted, suggesting that this approach can provide clearer insights into market dynamics compared to traditional methods like following news or price charts [8][9]