Core Viewpoint - FAW-Volkswagen has introduced a lifetime warranty policy for certain vehicle models, reflecting its commitment to customer-centric long-termism and altruism in a competitive automotive market [1][10]. Group 1: Warranty Policy - The new policy allows customers to enjoy a lifetime warranty on the vehicles purchased from authorized dealers until December 31 for the models of "Langjing" and "Langxun," and until June 30 for the new "Tayron" series [1]. - This initiative demonstrates FAW-Volkswagen's confidence in product reliability and quality [1][3]. Group 2: Manufacturing Excellence - FAW-Volkswagen's confidence in offering a lifetime warranty stems from 34 years of accumulated strength and commitment to product and service quality [3]. - The company employs advanced manufacturing techniques, including a six-stage forming process and a large 8100-ton press, ensuring precision in stamping parts [3]. - The welding workshop utilizes the German MQB A2 platform with 1268 robots achieving an 85% automation rate, enhancing the strength of welds by 30% compared to standard spot welding [5]. Group 3: Rigorous Testing Standards - Each vehicle undergoes extensive testing, including high-temperature, high-altitude, and high-cold conditions, as well as over 100,000 door opening and closing tests to ensure component safety and reliability [5][7]. - The vehicles are subjected to a total of 1,930,000 km of high-intensity road testing across various conditions to validate durability [7]. Group 4: Service and Brand Development - FAW-Volkswagen emphasizes a shift in mindset from "users" to "customers" and from "products" to "goods," aiming to provide comprehensive value chain services [8]. - The company has launched the "Craftsmanship Service" initiative and the "Heart Journey 2.0" action plan to enhance service quality throughout the vehicle lifecycle [10]. - FAW-Volkswagen has received the China Automotive Golden Wrench Award 18 times, gaining the trust of over 20 million users [11].

2025年5月，94岁的投资传奇沃伦·巴菲特在伯克希尔股东大会上，完成了他人生中可能是最后一次的"投资圣经"演讲。在这场持续6小时的"思想盛宴"中， 不仅揭晓了3700亿美元现金的配置蓝图，更道破了穿越经济周期的生存哲学。 本期特别提炼出10个与投资者相关的核心启示，带您一睹为快。 "美国靠自由贸易崛起，不该用贸易战拆毁"，面对特朗普可能推行的新关税政策，巴菲特用历史数据敲响警钟：1820年美国GDP仅占全球1.8%，通过自由 贸易到2024年占比24%。 这位见证过12任总统更迭的老人提醒：任何短视的贸易保护，都是对自由市场根基的动摇，终将反噬自身繁荣。 伯克希尔持有的五大商社（三菱/三井/伊藤忠/住友/丸红）已成全球投资范本：2020年建仓成本200亿美元，当前市值超260亿，年收股息约8亿美元。巴菲 特罕见透露：当年恨不得投1000亿！同时特别指出："这些百年企业ROE稳定在12%-15%，负债率仅30%，是真正的抗通胀资产。" 对中国投资者的启示：现在正是中国投资者"抄作业"的最佳窗口期。 手握37个茅台市值的现金，他在等什么？"宁可等50年，也不乱投500亿"——3700亿美元现金储备创历史新高的背 ...

"非淡泊无以明志，非宁静无以致远。"在讲求效率的今天，这句话显得尤其"反潮流"。资本市场上，人们似乎都在追逐短期收益的风口与风声。更夸张的 是，有的上市公司明明做的是"长期主义"的口号，却摆出了一副"短线交易员"的姿态，一边讲战略、一边搞套利，把资本运作玩成了"错配艺术"。 2025年开年以来，市场对"长期主义"再度热议。巴菲特在年初致股东信中提到："我们投资的不是一个季度的报表，而是一个时代的积累。"然而我们回到A 股，翻看那些披着"战略重组"外衣的公告，却频频发现背后是急于变现的资本、拉升股价的剧本，和控股股东"减持先行"的套路。 美国更好并购集团（Goheal）近期在研究一系列并购与重组案例时，提出了一个关键词："资本错配"。这种错配不是技术问题，而是一种"价值观上的错 轨"：想讲长期主义的故事，却用短期主义的工具，结果往往南辕北辙，既得不到市场认可，又埋下了信任危机的伏笔。 在美国更好并购集团（Goheal）协助投资者研判并购交易时，常用一个分析工具叫"多层穿透图"。这张图能揭示背后的控制结构与最终受益人，在一些典型 案例中，我们甚至看到，最终控制人是通过三家VIE结构和基金通道"隐身"进来的。这种" ...

前言： 2025年，以一副猝不及防的形态出现，国防、科技、文化、国际政治领域的变化让人目不暇接。回望过去几年， 我们共同经历了一场前所未有的全球性震荡。疫情、战争、经济衰退、地缘政治……这些关键词充斥着我们的视 野，也深刻地改变着世界的运行规则。然而，危机往往与机遇并存，动荡中也孕育着新的希望。 2025年，作为投资人，我们比任何人都更深刻地感受到时代浪潮的冲击，更能深切的感受到春江水暖。站在产业 前端，立在创新前沿，投资人对于已经到来的2025有着什么样的期冀和见解？ 我们邀请了多位顶尖投资人，将以他们敏锐的洞察力和独到的见解，为我们勾勒出一幅未来经济、投资的路线 图。 此文为融中特别策划·《投资人:快答2025》系列报道第十五篇。 作为创投圈的明星投资人，吴世春的投资哲学是，在不确定性中寻找"确定性切口"，用长期主义对冲短期波动。 2025，Deepseek的爆火引发全球热议，在吴世春看来，其本质正是技术迭代与场景需求共振的结果。 2026，梅花创投投资、陪跑的企业超过600多家，最基本投资逻辑包括了"人 - 事 - 时 - 值" 合一，不仅要看项目的 市场潜力和行业趋势，更要重视创始人的个人魅力和团队的 ...

Group 1 - The core idea emphasizes the importance of emotional stability in investment, as highlighted by Warren Buffett, who believes that temperament is more crucial than intelligence in making sound investment decisions [1][9] - Emotional stability helps investors remain rational during market fluctuations, avoiding decisions driven by fear or greed [1][4] - The article discusses various aspects of emotional stability, including biological mechanisms, psychological resilience, and the impact of social contagion on decision-making [2][3][4] Group 2 - The concept of probability thinking is introduced, stressing that good decisions can lead to bad outcomes due to randomness, and vice versa, thus focusing on the decision-making process rather than just the results [8] - The article highlights that discipline and emotional control are more important than high intelligence in successful investing, as stated by both Buffett and Charlie Munger [9] - It also addresses behavioral traps and cognitive biases that can hinder rational decision-making, suggesting that awareness and training can help investors manage these psychological weaknesses [10] Group 3 - The importance of filtering information to focus on significant signals rather than noise is discussed, particularly in the context of the overwhelming information available in the digital age [13][14] - Long-term thinking is presented as a powerful strategy to mitigate short-term emotional disturbances, with an emphasis on the benefits of patience and compounding [15] - Risk management strategies are recommended, such as maintaining sufficient cash reserves to avoid forced selling during market volatility [16] Group 4 - The article outlines ten principles for achieving emotional stability, including practicing mindfulness, keeping an emotional diary, and simplifying daily decisions to reduce mental fatigue [29][33][34] - It emphasizes the need for positive cognitive restructuring to combat negative self-talk and encourages viewing challenges through a long-term lens [45][46] - The conclusion suggests that emotional fluctuations are natural and can be harnessed positively, advocating for a balanced approach to emotions in decision-making [49]

你还记得上一次被种草后冲动消费的经历吗？ 在消费选择越来越多的当下， 真正值得买的东西似乎越来越少 。在社交媒体的种草狂欢、直播间 的"上头"抢购和层出不穷的概念营销下，我们一度相信"新"的就是"好"的、"贵"的就是"好"的、"火 爆"的就是"好"的。 本以为是"早买早享受"，但实际上总是"下单就后悔"。 在日本社会学家三浦展提出的"第四消费时代"里，人们的消费心态正在悄悄转变： 不再盲目追新，不 再为炫耀买单，开始更看重实际价值、使用体验与长期陪伴感。 在社交媒体上，我们常常会看到这样的帖子，"衣柜只需5条裤子""50样物品过一生"， 似乎买少一点 买好一点的"长期主义"成为一种共识 。 消费的收缩，不是凑合，而是更精准地理解自身的需求，更清醒、更有意识地去选择，去回归那些真 正值得信赖、能陪我们走得更久的简单好物。 所以这一次，"后浪研究所" 联合 "潮生TIDE"发起一场" 全民抄作业 " 行动 ， 和百万读者一起寻找最 值得消费者信赖的100个经典好物，我们叫它 "百万之选 BEST100" 。 我们搭建了一个实时更新的共享表格，邀请你： - 提名 耐用、实用的 "钉子户好物" - 分享 被你列入 " ...

Core Insights - The company successfully held a wealth line business promotion and development seminar on February 15-16 to address the changing market environment and clarify its business direction for 2025 [1][3] - The seminar focused on key themes such as wealth management, professional trading, investment advisory, institutional diversification, and team management, with departments sharing annual work plans and strategic deployments [3][4] - The company emphasized the "2+2" business strategy and outlined five consensus points: long-termism, innovative breakthroughs, steady progress, fair competition, and value co-creation [3][4] Business Development - The seminar provided a platform for representatives from various branches to share innovative practices and successful experiences, fostering a collaborative environment for new ideas and directions [3] - The company’s General Manager highlighted the importance of focusing on specialized businesses, building strong teams, and adhering to compliance in operations [4] - A compliance training session was organized post-seminar to reinforce risk awareness and compliance management responsibilities among branch leaders [4] Future Outlook - The company aims to channel the insights gained from the seminar into actionable strategies to enhance business development [4][5] - There is a collective commitment among participants to contribute to the growth of the wealth line with renewed enthusiasm and confidence for the upcoming year [5]

处于行业深度调整期的白酒行业，随着A股20家白酒企业2024年年报以及2025年一季报披露的收 官，给市场递交了一份"增长承压"的成绩单。 几 乎 所 有 的 白 酒 企 业 ， 都 以 " 产 业 波 动 加 大 、 存 量 竞 争 加 剧 、 市 场 集 中 加 快 、 结 构 分 化 加 剧"来描述这个被视为"白酒行业最为艰难的一年"。此前召开的第十四届中国白酒T9峰会上， 国内头部白酒企业就此展开过一次深度探讨，大家的共识是：面对市场从"增量竞争"转向"存 量博弈"的形势转变，"价值重构"才是白酒这个经典产业接下来的主战场。 以 洋 河 股 份 为 例 ， 作 为 行 业 黄 金 十 年 期 间 强 势 回 归 的 中 国 名 酒 ， 曾 以 管 理 与 创 新 " 两 架 马 车"齐头并进的打法，短短数年之间便从一家历史包袱沉重的老名酒一跃成为国内头部酒企之 一，打造了让外界叹为观止的洋河样本。面对行业变化，这家公司如今又以何种心态与行动 去继续书写自己的故事，于观察整个行业而言，都有着极强的参考意义。 行业承压，"主动降速" 展现头部韧性 来自于国家统计局的数据显示，白酒产能从2 0 1 6年高峰 ...

掌声一直持续，以至于巴菲特劝大家"喝杯可乐冷静一下"。 实际上，巴菲特早就透露退休的计划，并且在至少四年前、他90岁那年宣布了接班人选。但此番正式宣布，除了他的孩子，其他人都不知情，包括接班人 阿贝尔。 掌声究竟为何雷动？只是因为伯克希尔受益斐然、不负股东期望？是因为巴菲特是世界上最成功、最富有的人之一？是因为他是"奥马哈先知""股神"？他 收购时，伯克希尔被政府免税多年，是一家苟延残喘的纺织公司。他退位时，伯克希尔已经是一家多元化的投资控股公司，是"万亿美元俱乐部"中唯一一 家非科技企业。 除了卸任CEO的消息之外，巴菲特在活动上进行了数个小时的讲话与答股东提问。和往年一样，仔细汇报伯克希尔这一年的经营状况、喝可乐、讲关于人 生的至理名言。 尽管铺垫了很久，沃伦·巴菲特（Warren Buffett）卸任CEO的消息，还是让人们感到突然。 当地时间5月3日，在美国内布拉斯加州奥马哈，一年一度的伯克希尔-哈撒韦公司年度股东大会上，94岁的巴菲特坐在桌后，对台下宣布了决定：卸任伯 克希尔的CEO职位，年底交棒给负责非保险业务的副董事长格雷格·阿贝尔。 "这就是今天的新闻亮点，"巴菲特说，"谢谢你们到场。" 人们 ...

Group 1 - The article discusses the struggles of middle-aged employees in East Asia, particularly focusing on the character Choi Ban-seok from the drama "Until Crazy," who faces job insecurity and internal company politics after being reassigned to the HR department [2][4][5] - The narrative highlights the emotional and psychological challenges faced by middle-aged workers, including feelings of helplessness and the impact of personal relationships on their professional lives [7][8][9] - The story concludes with a message of resilience, as the main characters find new opportunities and personal growth despite the adversities they face in the workplace [6] Group 2 - The article contrasts different career paths, emphasizing the importance of long-term value in job selection, particularly for those who have excelled in traditional education systems [11][19] - It suggests that individuals should prioritize jobs that offer long-term benefits over immediate financial gains, as the latter may lead to dissatisfaction and instability in the future [13][19] - The discussion also touches on the societal pressures regarding marriage and career choices, indicating that external conditions should not overshadow personal values and character when making life decisions [20][23][24] Group 3 - The article reflects on the unpredictability of life and the importance of accepting change, suggesting that stability is an illusion and that individuals must be prepared for uncertainties [29][30][31] - It emphasizes the need for a mindset that embraces the transient nature of life while also advocating for proactive efforts to build a meaningful and resilient future [34][35]