一生只为那颗星。 以下文章来源于互联网怪盗团 ，作者怪盗团团长裴培 互联网怪盗团 . 本文来自微信公众号： 互联网怪盗团 （ID：TMTphantom） ，作者：怪盗团团长裴培，题图来自： AI生成 张雪峰在各个互联网平台的账号均被禁止关注了。按照其工作人员的说法，"正在反省"——这个说法 很暧昧，信息量可大可小。不过， 出事的只是张雪峰的大号， 其各种小号仍然在直播、发视频，公 司运营似乎也仍然在持续。 所以可能还存在转圜的空间，或许"反省"一阵子又回来了，而不会像某 些其他顶流一样永久消失。当然，这都是目前的猜测。 我不太清楚张雪峰会"反省"多久，但是对他这个人，还是有一点研究的。 我认为他成名的奥秘就在 于：充当了数千万家长乃至广大网友的"嘴替"。 更具体地说，他其实是打着"专业价值"的旗号，为 网友提供情绪价值。让网友在精神上舒服了、"爽到了"，其中一部分人就会爱屋及乌，花大钱去采购 他提供的"专业服务"。 对于张雪峰的言论，我印象最深刻的有两条。第一是他宣称"新闻学专业没前途"，缺乏技术含量、没 有就业前景，不值得填报。第二是他声嘶力竭地劝高三学生"抓住最后三个月时间努力"，"用三个月 的努力换一生 ...

张雪峰在各个互联网平台的账号均被禁止关注了。按照其工作人员的说法，"正在反省"——这个说法很 暧昧，信息量可大可小。不过，出事的只是张雪峰的大号，其各种小号仍然在直播、发视频，公司运营 似乎也仍然在持续。所以可能还存在转圜的空间，或许"反省"一阵子又回来了，而不会像某些其他顶流 一样永久消失。当然，这都是目前的猜测。 我不太清楚张雪峰会"反省"多久，但是对他这个人，还是有一点研究的。我认为他成名的奥秘就在于： 充当了数千万家长乃至广大网友的"嘴替"。更具体地说，他其实是打着"专业价值"的旗号，为网友提供 情绪价值。让网友在精神上舒服了、"爽到了"，其中一部分人就会爱屋及乌，花大钱去采购他提供 的"专业服务"。 对于张雪峰的言论，我印象最深刻的有两条。第一是他宣称"新闻学专业没前途"，缺乏技术含量、没有 就业前景，不值得填报。第二是他声嘶力竭地劝高三学生"抓住最后三个月时间努力"，"用三个月的努 力换一生的回报"。这两个片段都非常具备传播价值，被切片传播了无数次。不过仔细研究一下就会发 现，它们几乎不包含任何专业信息，仅有情绪价值： 早在十几年前，新闻学专业的就业前景就不太好了。一边是新媒体的崛起，另一边是传统 ...

在财富追逐的浪潮中，横财始终是令人心驰神往的"宝藏图"。刘蒋巍将从【信息差、规则缝隙、资源重 组】三大核心维度，系统拆解如何通过合法合规的方式实现非劳动性高额收益（横财），并强调可持续 性原则。这三大策略不仅适用于期货市场，亦可延伸至彩票等概率性领域，为财富增长开辟新路径。 信息差的核心是"我知道而你不知道"，通过提前获取、深度解读或垄断关键信息，在市场未充分反应时 完成价值捕捉。其本质是信息不对称下的认知套利，具体可分为三类： 通过政策文件草稿、专家闭门会议、产业链调研等渠道，提前获取未来事件信息（如政策发布、财报披 露、技术突破），在信息公开前布局。例如，某投资者通过参与行业闭门会议，提前获知某新能源技术 突破，提前买入相关股票，待消息公布后获利丰厚。 跨境电商利用海外商品在国内的稀缺性溢价，或A股与港股之间的估值差套利，均是空间差的典型应 用。例如，某跨境电商通过亚马逊平台采购海外低价商品，在国内电商平台高价销售，实现利润最大 化。 量化基金通过大数据挖掘企业财报中的隐性指标，或价值投资者对行业周期的深度预判，均属于认知差 范畴。例如，某量化基金通过分析卫星图像监测港口集装箱吞吐量，预判贸易活跃度，提前 ...

Group 1 - The frequent departure of high-profile fund managers, such as Yang Siliang from Baoying Fund to Yifangda, highlights a trend of talent loss in the public fund industry [2] - The A-share market operates differently from foreign markets, often reacting to news ahead of time, leading to challenges for retail investors who may miss opportunities [2][3] - The white wine sector experienced a significant drop, with an average decline of over 6% across 20 trading days, which many attributed to sudden negative news, but institutional withdrawal was already evident [3][5] Group 2 - Data analysis shows that institutional funds became less active after a rebound in the white wine sector, indicating that early warning signs were present [5] - The case of Nuotai Bio, which saw a significant price increase after being labeled as a "ST" stock, illustrates that institutional investors often position themselves ahead of market reactions [7] - The importance of understanding real trading behavior over merely following news is emphasized, with quantitative data serving as a valuable tool to uncover market truths [7][8] Group 3 - In an era of information overload, the ability to filter and interpret information is crucial, with quantitative data acting as an effective filter to identify valuable insights [8] - Establishing a personal investment methodology and utilizing tools that reveal market realities is essential for ordinary investors [7][8]

Core Viewpoint - The article discusses the phenomenon of information disparity in the AI era, highlighting how different groups of people experience technology and information access in vastly different ways, leading to a sense of alienation and misunderstanding among them [27][34][42]. Group 1: Product and Market Insights - DeepSeek is a product that claims to be easy to use without local deployment, priced at 9.9 yuan, and has reportedly attracted over 1,000 buyers [2][6][33]. - The product's reviews are overwhelmingly positive, with users praising its performance and value, indicating a strong demand for accessible AI tools [15][16][20]. Group 2: User Experience and Demographics - The article illustrates the experience of a typical user, a recent graduate struggling to access AI tools due to high costs and technical barriers, who finds hope in the affordable DeepSeek offering [21][24][26]. - It emphasizes the emotional journey of users who feel they have discovered a valuable resource that allows them to engage with advanced technology without the usual financial burden [26][38]. Group 3: Information Disparity - The narrative describes three distinct groups in the information landscape: creators and definers of information, followers and consumers, and those isolated from information due to barriers [29][30][32]. - The existence of products like DeepSeek reflects a significant information gap, where many individuals are unaware of the free resources available to them, leading to exploitation by those who capitalize on this disparity [33][34][42].

Core Insights - The "721 Law" in the stock market indicates that out of 10 individual investors, 7 lose money, 2 break even, and only 1 makes a profit, highlighting the significant disparity between retail and institutional investors [1][10] - In 2024, individual investors accounted for 82% of trading volume in the A-share market but only realized less than 15% of profits, while institutional investors, making up 18% of trading volume, captured 85% of the profits [1][4] - The market operates as a resource redistribution platform, where differences in capital, information, and cognition place retail investors at a disadvantage from the outset [1][8] Trading Dynamics - A case study of a leading new energy stock showed that a private equity fund and three institutions used 12 accounts to buy 2 billion shares over three months, driving the price from 50 to 80 yuan, while retail investors increased their buying from an average of 500 million to 2 billion yuan daily [1] - When the stock reached 85 yuan, institutions began to sell off their holdings, resulting in retail investors absorbing 73% of the total buying during that period, leading to a significant loss when the price fell back to 60 yuan [1][2] Information Disparity - Institutions leverage their advantages through coordinated trading strategies, allowing them to manipulate stock prices and profit from retail investors' reactions [2][5] - Research indicates that institutions are typically 42 days ahead of retail investors in knowing about significant positive developments and 28 days ahead regarding negative news, allowing them to act before retail investors are informed [5][7] Cognitive Differences - Institutions utilize comprehensive investment frameworks based on quantitative metrics, while retail investors often rely on emotional responses and short-term price movements [7][8] - A study revealed that 65% of retail investors' buying decisions are influenced by short-term price increases, while 72% of institutional decisions are based on long-term industry outlooks [7][8] Survival Strategies for Retail Investors - Retail investors are advised to adopt a long-term perspective to counteract short-term market fluctuations, focusing on stable companies with strong cash flows [10] - Implementing contrarian strategies during market extremes can help retail investors avoid losses, as institutions often reduce positions during market highs and accumulate during lows [10] - Diversification across sectors and stocks is crucial for managing risk, contrasting with the tendency of retail investors to concentrate their investments [10][11]

Group 1: Market Dynamics - The essence of the stock market is the flow of funds, where increased buying leads to rising prices and increased selling leads to falling prices [2] - Key indicators for understanding fund movements include trading volume, the "Dragon and Tiger List," and fund flow indicators [4][5][6] - Trading volume serves as a real signal of market activity, with significant increases indicating potential actions by major funds [4] Group 2: Company Evaluation - Evaluating companies should focus on net profit as a key indicator of true profitability, rather than just revenue growth [8] - Cash flow is crucial for assessing a company's financial health, with high cash flow relative to net profit indicating better quality earnings [9] - Industry leaders often possess stronger pricing power and stability, making them safer investment choices [10] Group 3: Information Management - Retail investors often operate at the bottom of the information chain, making it essential to establish reliable information sources [12] - Awareness of "lagging information" is critical, as institutional investors may have insights long before public announcements [13] - Filtering information through common sense can help mitigate the risks associated with misinformation [16] Group 4: Investment Strategy - The stock market is a battleground of funds, value, and information, requiring a shift from short-term speculation to a more analytical approach [17] - Understanding the interplay of fund dynamics, value discovery, and information management is vital for successful investing [17]

Group 1 - The recent surge in fund issuance data shows that in August, 102 billion was raised, with equity funds accounting for over 60%, and a 44.83% week-on-week increase in the first week of September [1][3] - The A-share market is characterized by a lag in news signals, where funds often position themselves before new fund launches, leading to price increases prior to public announcements [3][4] - The current market dynamics indicate that while some view the new fund data as an opportunity, others perceive it as a risk, highlighting the contrasting interpretations of market signals [6][9] Group 2 - The data from the recent fund issuance indicates that while stock-type funds raised a total of 471 million, the top-performing fund was a bond fund, suggesting a trend of large funds diversifying their investments [9][10] - The focus for private equity fund managers has shifted from launching new products to adjusting existing portfolios, emphasizing the importance of data processing capabilities over mere access to information [9][10] - The market is currently experiencing fluctuations around the 3800 level, prompting a need for investors to prioritize data analysis over news consumption and to be cautious about traditional trading strategies [10][11]

Core Viewpoint - The article emphasizes that true information advantage is not merely about possessing unique information but rather about the cognitive models, structural positions, and execution capabilities that transform information into actionable insights [6][31]. Group 1: Information Advantage Framework - The essence of information advantage can be summarized as: Information Advantage = Model Difference × Position Difference × Execution Difference [7]. - Model Difference: The cognitive model acts as the ultimate decoder, where the same information can yield different meanings based on the individual's knowledge and experience [9][10]. - Position Difference: Being an information "router" rather than a "storage tank" is crucial, as high-quality information is not evenly distributed and is often concentrated in specific network nodes [11]. - Execution Difference: The ability to convert insights into action is vital, as delays in execution can lead to missed opportunities [12][13]. Group 2: Misconceptions about Information Advantage - Misconception 1: Information is viewed as an objective "brick" that can be picked up by anyone. In reality, the value of information is highly subjective and depends on the recipient's cognitive model [15][19]. - Misconception 2: The core of information advantage is selling "secrets" and "scarcity." However, the focus has shifted to the efficiency of information processing due to technological advancements [20][21]. - Misconception 3: Information advantage is merely about "transporting" and "copying" information. The true value lies in creating unique cognitive frameworks that provide deeper insights [25][26][28]. Group 3: Practical Implications - The article suggests that individuals should focus on building their own cognitive models, structural positions, and execution systems to gain a reliable and lasting advantage in the information age [33].

Group 1 - The core concept of "information asymmetry" is rooted in the ability to leverage unique insights and knowledge to gain a competitive advantage in financial markets [4][10][54] - The historical example of the Rothschild family illustrates how early access to critical information can lead to significant wealth accumulation [2][3][54] - In the current era, the focus should shift from merely acquiring information to understanding how to interpret and act on it effectively [8][11][57] Group 2 - The three pillars of information advantage are: cognitive model (model difference), structural position (location difference), and execution speed (execution difference) [14][20][40] - Cognitive models shape how individuals interpret information, leading to varying degrees of value derived from the same data [15][26][28] - Structural position determines the quality and timeliness of information access, influencing one's ability to act on insights [17][19][40] Group 3 - The misconception that information is a fixed asset overlooks the subjective nature of its value, which is influenced by the recipient's cognitive model [24][25][26] - The shift in knowledge economy emphasizes the importance of processing efficiency over mere access to information, highlighting the value of information processing services [32][33][39] - The distinction between simple information transfer and deeper cognitive insights is crucial, as the latter provides a more sustainable competitive edge [41][50][52] Group 4 - The evolution of information asymmetry indicates that the ability to abstract and create unique cognitive frameworks is becoming increasingly valuable [44][45][53] - The success of individuals in the knowledge economy relies on their capacity to transform raw data into actionable insights through effective cognitive models [58][59] - The article emphasizes that the most reliable and enduring advantages stem from the ability to distill public information into private insights, a skill that remains uniquely human [59][60]