投资小红书-第262期 过面尘土、伤痕累累，但我们依然且必须相信时 坚定而持续的股市财富效应是我国经济转型非常重要的方面，目前我国的消费占比仍然较少。坚定而持 续的财富效应目前只能在股市看到，而2021年前面的20年，房地产作为居民财富保值增值几乎是唯一的 载体，这种情况大概率正在退出历史舞台。 不知不觉中，一批中国公司正在变成全球性的公司，来自境外收入的占比正在大幅上升。 今年以来，黄金、有色、钢铁等上游周期性行业暴涨，在汪忠远看来，这些公司的暴涨不只是资源品涨 价所致，而是很多优秀的矿业公司正在成为全球性公司，它们的市值也从区域性龙头公司向全球性龙头 公司看齐。 资瑞兴董事长汪忠远表示："我从业30多年，职业生涯和财富与股市攸关，有那么多好公司在几十年来 从小长到大，这是我们赖以生存的根本，虽然它也有很多毛病，但现在越来越多高净值客户都觉得股市 是相对最公平的资产。从机制来说，我们也中了很强的'卵巢彩票'。" 凯文·凯利多次在公开预测中提到，中国将成为"酷中国"。如果中国真变成很酷国家，那么中国文化将 横扫全球，那时很多代表"软实力"的消费类公司就会成为全球性的大市值公司。事实上，我们当前已经 看到很多矿 ...

坚定而持续的股市财富效应是我国经济转型非常重要的方面，目前我国的消费占比仍然较少。坚定而 持续的财富效应目前只能在股市看到，而2021年前面的20年，房地产作为居民财富保值增值几乎是 唯一的载体，这种情况大概率正在退出历史舞台。 资瑞兴董事长汪忠远表示："我从业30多年，职业生涯和财富与股市攸关，有那么多好公司在几十年来 从小长到大，这是我们赖以生存的根本，虽然它也有很多毛病，但现在越来越多高净值客户都觉得股市 是相对最公平的资产。从机制来说，我们也中了很强的'卵巢彩票'。" 凯文·凯利多次在公开预测中提到，中国将成为"酷中国"。如果中国真变成很酷国家，那么中国文化将横 扫全球，那时很多代表"软实力"的消费类公司就会成为全球性的大市值公司。事实上，我们当前已经看 到很多矿业公司、电力设备公司、交通工具公司等"硬实力"公司正在成为全球性公司。 哈佛大学有个预测，00后们的预期寿命至少50%都在百岁以上。我们这批70年代很多人的寿命可能都 在90岁以上，那么我们的财富规划其实是一个非常重要的事情。 "假设在2015年10月时有个先知跟我说：'汪忠远，你现在出来创设个私募产品，现在上证指数3500 点，未来10年也 ...

Core Viewpoint - Warren Buffett is a unique figure in the investment world, and his retirement as CEO of Berkshire Hathaway in May 2025 marks the end of an era. His success is attributed to three main factors: himself, the timing of his career, and the unique investment system he created [2][10]. Group 1: The Individual - Buffett's extraordinary intelligence and lifelong dedication to the stock market set him apart. He sacrificed normal social and family life for his investment pursuits, demonstrating an unparalleled commitment [2][4]. - His deep immersion in financial reports and investment literature has led to an extensive understanding of various investment patterns, having read over 100,000 financial statements throughout his career [4][5]. - Buffett's remarkable memory allows him to recall detailed information from books and reports, making him a "human artificial intelligence" capable of quickly identifying key investment insights [4][5]. Group 2: The Timing - Buffett's success is partly due to his birth in 1930 in Omaha, Nebraska, which positioned him to take advantage of the investment opportunities available during his formative years [5][6]. - He began his career at a time when large institutional investments and index funds were not prevalent, allowing him to thrive in less competitive market segments [6][8]. - His early investments in overlooked companies yielded impressive returns, achieving an average annual return of 25.3% from 1957 to 1968, compared to the S&P 500's 10.5% during the same period [8][9]. Group 3: The System - Buffett established a unique investment platform through Berkshire Hathaway, which operates as a holding company that can invest in a wide range of assets without the constraints of traditional investment funds [10][11]. - Unlike most investment funds, Berkshire Hathaway does not charge management fees or performance incentives, allowing for a more stable investment approach [10][11]. - The internal funding structure of Berkshire Hathaway provides Buffett with the flexibility to pursue valuable investment opportunities without the pressure of external capital inflows or outflows, creating a long-term structural advantage [11][12].