神译局是36氪旗下编译团队，关注科技、商业、职场、生活等领域，重点介绍国外的新技术、新观点、新风向。 编者按：感觉良好、追求地位的学习，往往是无效的。真正的成长，始于直面"我很愚蠢"的痛苦。文章来自编译。 心态 学习 vs. 假装学习 工具 心态 学习 vs. 假装学习 如果我们总是放任自己，就会永远等到这样或那样的干扰结束，然后才能真正开始干活。唯一能取得巨大成就的，是那些对知识极度渴望，以至 于在条件依然不好的时候仍不懈追求的人。因为你永远也等不到条件好的时候。——C.S. 刘易斯 学习大量真正有用的信息极其重要。这也许是利用时间可做的最重要的一件事，它能改善生活，让你更有能力在世界上有所作为。哪怕你就读于顶尖学府或 从事对认知能力要求很高的工作，也很容易在不知不觉中让大量时间流逝，却没有真正学到很多东西。真正持续的学习需要高度的警觉、自我反省、坚韧的 心态、有效的策略和工具，以及问责体系。 根据我的经验，无论在哪里，人们都非常乐于见到那些真正花了很多时间和心思去学习某件事并进行深入思考的人，而不是那些只学习表面知识、懂得在适 当的时候说出正确"暗号"的人。我感觉有些人身上散发着一种独特的、充满活力的温暖 ...

Core Viewpoint - The accumulation of wealth for ordinary people relies on saving rather than gambling, emphasizing the importance of financial discipline and risk management [2][9]. Group 1: Importance of Saving - Ordinary individuals find it challenging to save money, often succumbing to the temptation of spending as soon as they reach certain savings milestones [3][4]. - The narrative illustrates that having a financial cushion is crucial for facing unexpected life events, such as health emergencies or job loss [14][26]. - The article highlights that saving money provides a sense of security and dignity, allowing individuals to navigate life's uncertainties with confidence [16][25]. Group 2: Real-Life Examples - A story is shared about a high-ranking executive who, despite a good income, faced financial ruin after failing to save adequately, illustrating the risks of overconfidence in financial stability [12][14]. - Another example discusses a person who lived paycheck to paycheck, only to realize the importance of savings after losing their job, leading to a change in financial habits [14][24]. - The experiences of individuals underscore the stark contrast in life outcomes between those who save and those who do not [25][27]. Group 3: Saving Strategies - The article suggests practical saving methods, such as the percentage method (saving 10% of income), the 365 saving method, and the 36-month deposit method, to encourage disciplined saving [28][29]. - Emphasizing the need for a structured approach to saving, it advocates for a mindset shift towards viewing savings as a means to achieve financial freedom rather than merely accumulating numbers [32].

Core Insights - Increasing numbers of young people are becoming addicted to saving money, viewing their savings as a source of satisfaction and motivation for future financial goals [3][5] - The concept of compound interest is gaining traction among young savers, who are shifting from traditional savings accounts to savings insurance products that offer better returns [3][5] - Asset allocation is becoming a crucial strategy for young individuals to maximize their savings and achieve financial security [5][6] Group 1: Saving Behavior - Young individuals are segmenting their savings into different categories such as emergency funds, investment funds, and long-term savings, ensuring each has a specific purpose [3][5] - The trend of using savings insurance products is on the rise, as they provide compound interest benefits that traditional savings accounts do not [3][5][11] - The psychological aspect of saving, where seeing increasing numbers in savings accounts provides a sense of accomplishment, is driving more young people to adopt saving habits [5][15] Group 2: Financial Planning - Young professionals are increasingly using platforms like Alipay to manage their savings and investments, opting for products that offer compound interest [5][8] - Individuals like Lu Yingying are adopting structured saving plans, allocating a portion of their salary to savings insurance, which yields higher returns compared to traditional fixed deposits [8][11] - The importance of financial security is emphasized, with many young people recognizing the need for insurance products to safeguard against future uncertainties [15][19] Group 3: Long-term Financial Security - The trend of purchasing insurance products for long-term savings, such as education funds for children, is becoming common among young families [19][17] - Individuals are increasingly aware of the need to plan for retirement early, with many starting to invest in pension plans to ensure financial stability in later years [21][23] - The concept of leveraging time and compound interest for personal growth and financial security is being embraced, with young people viewing savings as a means to achieve future freedom [25][26]

Core Insights - The book "大道至简：大师投资说" emphasizes a return to the essence of investing, focusing on value investment principles and localized strategies for navigating market volatility [3][4][10] Group 1: Value Investment Principles - The core of value investing is understanding that stocks represent a part of a business, and investors should analyze companies as they would their own businesses [4][10] - Long-termism is highlighted as a fundamental principle, requiring investors to maintain faith in the long-term growth potential of companies despite short-term market fluctuations [4][10] Group 2: Investment Framework - The author introduces a "three-dimensional perspective" for stock research, which includes industrial, financial, and risk perspectives [6] - The "86 system" focuses on qualitative analysis, emphasizing the selection of companies with clear business models, sustainable performance, and trustworthy management [6] - The "39 system" builds on the 86 system, advocating for contrarian investment strategies during market extremes [6] Group 3: Market Dynamics and A-Share Insights - The book addresses the high volatility of the A-share market, arguing that despite its challenges, value investing remains viable [9][10] - Historical data shows that high-quality companies like 贵州茅台 and 伊利股份 have provided substantial long-term returns, countering the notion of the A-share market being ineffective [9] Group 4: Overcoming Behavioral Challenges - The author identifies human nature as a significant barrier to successful value investing, with many investors losing direction due to short-term market movements [10][11] - Emphasizing the importance of independent thinking and emotional management, the book outlines key traits of successful value investors, including patience and decisiveness [11]

Core Insights - The article discusses the transformative impact of AI, particularly ChatGPT, on business and entrepreneurship, highlighting the importance of strategic thinking and problem-solving models in leveraging AI for growth [2][4][70]. Group 1: Discovering Problems - Many AI experiments fail not due to technical limitations but because of incorrect problem identification [8]. - The Johari Window model helps in understanding boundaries and expectations, revealing opportunities in the "AI doesn't know" quadrant [9][10]. - Emphasizing the need to respect the "I don't know" quadrant to avoid repeated investments based on false assumptions [12]. Group 2: Problem Decomposition - The Pyramid Principle and MECE framework are essential for structured problem decomposition, ensuring clarity and comprehensive coverage [28][30]. - The principle of Occam's Razor suggests prioritizing the simplest solution to avoid over-engineering [34][36]. - First Principles thinking encourages breaking down problems to their core elements for innovative solutions [39][41]. Group 3: Validation and Iteration - The MVP (Minimum Viable Product) approach advocates for quickly launching prototypes to gather user feedback and iterate based on data [49][51]. - Iterative thinking involves a cycle of prompt, output, review, and refinement to achieve optimal results [54][56]. - ROI (Return on Investment) awareness is crucial for understanding costs and benefits, emphasizing the importance of time and opportunity costs in decision-making [64][66].

Group 1 - The article discusses the challenges and lessons learned from a failed overseas assignment, highlighting the narrow mindset driven by financial goals [2][3] - The author emphasizes the detrimental effects of focusing solely on immediate financial objectives, leading to a decline in overall life quality [4][7] - The high cost of living in Spain is mentioned, illustrating the financial strain experienced during the assignment [8][64] Group 2 - Health issues arose during the assignment, particularly knee pain exacerbated by inadequate footwear and lack of proper exercise [12][13] - The reliance on alcohol as a coping mechanism for pain and stress is discussed, indicating a significant impact on mental health [17][19] - The article notes the physical and emotional toll of the pandemic, which further complicated the author's well-being [20][21] Group 3 - Workplace dissatisfaction is highlighted as a key factor in the failure of the overseas experience, despite achieving promotions and salary increases [23][24] - The lack of support from leadership and feelings of isolation within the team contributed to a decline in morale [28][30] - The article describes the challenges faced in adapting to a new work environment, including conflicting directives from management [31][32] Group 4 - The transition to a new role within the European e-commerce team presented additional challenges, including budget constraints and resource allocation issues [35][36] - The article discusses the negative impact of a toxic work culture and micromanagement on employee performance and morale [40][41] - The author reflects on the importance of separating personal responsibility from organizational failures [46][47] Group 5 - The article concludes with insights on the dual nature of overseas assignments, outlining both the benefits and drawbacks [60][73] - Key advantages include higher earnings, faster savings, and enhanced professional networks, while challenges encompass communication barriers and cultural adjustments [74][75][81] - The author emphasizes the need for a balanced perspective on the opportunities and risks associated with international assignments [54][82]

关税战硝烟四起，从达尔文那里回看投资的本质 文/ 重阳投资合伙人舒泰峰 4月2日，特朗普向全球发起关税大战，一时间硝烟四起，搅得资本市场剧烈波动，投资者人心惶惶。 然而，冷静下来就不难发现，其实这正是投资的重要必修课之一——你永远不知道哪里会飞出一 只"黑天鹅"。不用追溯太久，仅仅回想过去5年，我们就经历了许多类似的"黑天鹅"事件：新冠疫 情、俄乌战争、美联储暴力加息等等，每一次都引起资本市场的急剧波动和投资者心理上的巨大冲 击，每一次似乎都"过不去了"，然而股市神奇的地方在于，每一次我们又都跨过了沟沟坎坎，找到了 新的生机。当然，不可否认在这个过程中也有不少个体由于没有系好安全带而悲剧性地被甩出轨道。 市场的这种神奇之处背后的秘密是什么？如何能在黑天鹅的冲击下立于不败之地？笔者在拙作《财富 是认知的变现》之中曾经总结过投资需要具备的12个认知武器，在这几年的市场震荡中，笔者又经过 反复琢磨提炼，觉得其中最重要的是四个思维：复利思维、逆向思维、风险思维和股权思维。如果对 应为心法的话就是四颗心：耐心、疑心、小心和初心。具备了这四种思维或四个心，或许能够帮助我 们更加从容看待"黑天鹅"事件带来的纷扰。 正好最近 ...

Core Viewpoint - The article emphasizes the importance of understanding investment principles in the face of unpredictable events, referred to as "black swan" events, and highlights four key investment mindsets: compound interest thinking, contrarian thinking, risk thinking, and equity thinking [2][3]. Group 1: Compound Interest Thinking - The story of the Manchester peppered moth illustrates how species adapt to environmental changes, emphasizing the power of compound interest over time. For instance, an initial investment of 100,000 yuan at a 20% annual return can grow to approximately 23.74 million yuan over 30 years [6][10]. - The article notes that many investors fail to harness the benefits of compound interest due to a lack of understanding of its gradual accumulation, which can lead to significant wealth over time [9][10]. Group 2: Contrarian Thinking - The life cycle of the periodical cicada, which waits 17 years to emerge and reproduce, serves as a metaphor for the investment strategy of patience and waiting for the right opportunities, contrasting with the impulsive nature of many investors [11][14]. - Successful investors often adopt a "sit and wait" approach, as exemplified by notable figures like Buffett and Munger, who emphasize the importance of long-term holding rather than frequent trading [13][15]. Group 3: Risk Thinking - The behavior of male deer during mating season illustrates the concept of minimizing risks in competition. They engage in ritualistic displays to avoid serious injury, reflecting the need to balance competitive actions with self-preservation [17][21]. - The article categorizes investment errors into two types: Type I errors (taking unnecessary risks) and Type II errors (being overly cautious). It suggests that successful investors prefer to avoid Type I errors, even if it means missing out on some opportunities [22][23]. Group 4: Equity Thinking - The green frog and the fiddler crab demonstrate the concept of signaling in the animal kingdom, where individuals may present misleading signals to gain advantages. This parallels the investment world, where discerning genuine signals from noise is crucial [25][29]. - The article stresses the importance of historical performance data as a reliable indicator of a company's potential, aligning with value investing principles that prioritize long-term fundamentals over speculative signals [30][31].