专题：资本市场大咖2026新春献词：骏马踏春来 驭势稳行启新程 编者按：辞旧迎新，金马贺岁。值此新春佳节，新浪财经特邀公私募领域数十位领军人物，通过镜头与 文字，为投资者送来马年新春祝福。信心如磐，笃行致远。愿这一声声真挚寄语，伴您策马扬鞭，共赴 投资长路。 重阳投资合伙人、《财富是认知的变现》作者舒泰峰送来新春祝福。他表示，投资理财没有一夜暴富的 捷径，但是有慢慢变富的秘诀，那就是要拥有"四颗心"：耐心、疑心、小心、初心。对应四个思维：长 期思维、逆向思维、风险思维和股权思维。投资是一场逆人性的游戏，财富复利的最大秘密是如何理解 时间：以长时间的默默坚守换取少数精彩时刻的绽放。祝愿广大投资者朋友们平安健康、阖家幸福、马 到功成、业绩长红。 祝福全文如下： 新浪的朋友们大家好，我是重阳投资合伙人舒泰峰。投资理财没有一夜暴富的捷径，但是有慢慢变富的 秘诀，那就是要拥有"四颗心"：耐心、疑心、小心、初心。对应四个思维：长期思维、逆向思维、风险 思维和股权思维。投资是一场逆人性的游戏，财富复利的最大秘密是如何理解时间：以长时间的默默坚 守换取少数精彩时刻的绽放。 这是我在全新升级版《财富是认知的变现》一书中提炼的精 ...

来源：女侠葛乔伊 本文2192字 我身边财富自由的大佬很多。 和他们交往之初，往往第一时间凸显的是短线VS长线的PK。 我讲讲两位最有代表的大佬的故事。 第一位，是我「学长」。 我第一个老东家的企业文化，我一直很喜欢。我们互称学长学姐学弟学妹。 去年在杭州见面，才得知，他创业后短短三四年，年入过亿。 不适合的职业，看几眼就能看透，趁沉没成本不至于轰鸣，及时止损就是大智慧，就要尽早撤离。 我也常常这么说。但是奈何世事乱花迷人眼，人又往往太容易执念，没他贯彻得那么透彻坚决。 他说，不适合，就要立马撤退，买单离场，绝不回头。 而后选定一个，慢慢变富。 离开老东家后，他0-1转型做电商，颇为成功，通关到顶，打出大几十个爆品，横向通关和纵向精专的王者。 可是，那一段转型期的初期，堪称寂寞的时光。没有即时反馈，更谈不上正反馈。 我问为什么能耐得住寂寞？ 他说，我从不追求正反馈，甚至任何反馈。 他说，反馈依然是一场自证，自证最无趣。 他说，我的人生从来我自己做主，我不需要任何人的反馈盖章。 回想起来，他是我们那几批入职的人里，撤退最快的。我问他为什么，他说选对＞努力。 他说，我从来只追求选对做对，预估、验证和实现。我要什么 ...

Core Viewpoint - The article emphasizes the importance of gradual wealth accumulation through compounding interest, arguing that this method is the only reliable way for ordinary people to achieve financial security in their later years [1][5][21] Group 1: Wealth Accumulation - The majority of Warren Buffett's wealth was accumulated after the age of 50, highlighting that time is a crucial factor in wealth growth [2][3] - For an average person, a consistent annual return of 8% over 40 years can lead to significant wealth accumulation, contrasting with Buffett's 20% return which results in much higher wealth at retirement [2][6] - Starting to invest early can lead to substantial differences in wealth by retirement age, emphasizing that the earlier one starts, the greater the potential financial security [6][19] Group 2: Financial Security in Old Age - The article discusses the challenges faced by elderly individuals with insufficient financial resources, leading to a lack of dignity and increased vulnerability [7][8] - It highlights the psychological impact of financial insecurity in old age, where individuals may feel desperate and socially isolated due to their financial situation [7][8] - The narrative suggests that financial behavior in youth significantly impacts one's financial status in old age, stressing the need for prudent financial planning [8][19] Group 3: Value of Wealth - Wealth provides a sense of security, which is essential for enjoying life, even in old age [11][12] - The article outlines three core values of wealth: security, choice, and influence, emphasizing that financial resources enhance personal freedom and decision-making [13][15] - It argues that wealth is not merely for spending but also serves as a tool for influence and opportunity, allowing individuals to navigate life more effectively [15][17] Group 4: Life Philosophy - The concept of "slowly becoming rich" is presented as a life philosophy that aligns with long-term thinking and personal growth [21] - The article posits that true wealth accumulation is a continuous process rather than a single event, advocating for a balanced approach to life and finances [21]

Core Viewpoint - The article emphasizes the importance of finding small business opportunities in emerging sectors that large capital may overlook, especially during economic downturns [3][4]. Group 1: Economic Trends and Investment Opportunities - As the economy slows down, there is a growing interest in new sectors such as the silver economy, artificial intelligence, and health industries [3]. - The article suggests that ordinary individuals can benefit from small businesses with low investment costs, allowing them to create a minimal business loop [3]. Group 2: Wealth Accumulation Philosophy - The article reflects on the anxiety and impatience of the current era, where quick wealth accumulation is often prioritized over long-term growth [5][6]. - It highlights that true wealth accumulation comes from building skills, compounding investments, and validating business models through side ventures [10]. Group 3: Super Membership Program - The upgraded Super Membership program focuses on three core engines: workplace risk resistance, stable investment growth, and new income from side businesses [12][15]. - Each engine is designed to be interconnected, creating a comprehensive wealth growth formula that combines professional skills, investment strategies, and side business opportunities [12][15]. Group 4: Educational Content and Support - The program includes a variety of courses aimed at enhancing workplace skills, exploring side business opportunities, and providing investment knowledge [16][19][22]. - New features include online and offline classes, personalized learning assistants, and updated wealth planning courses to cover all life stages [26][40][39]. Group 5: Future Outlook - The article concludes by emphasizing the importance of making informed choices in an era where effort alone may not yield results, advocating for a focus on professional expertise and market understanding [42][45].

Core Viewpoint - The quantitative investment industry is experiencing significant expansion and competition, with a focus on maintaining stable excess returns amidst increasing market interest [1][8]. Group 1: Company Insights - Youmeili Investment has entered the multi-asset quantitative field early and achieved notable success in the convertible bond sector [2]. - The chairman emphasizes that "slowly becoming rich" is the true wealth strategy, with a focus on stable long-term excess returns as the core logic for success [3][4]. - The company prioritizes low and medium volatility strategies, avoiding trends and focusing on customer experience and absolute returns [3][9]. Group 2: Investment Strategy - Multi-asset and multi-strategy approaches are seen as more scientific investment methods, allowing for better risk management and stable returns [5][21]. - Over the long term, various asset classes like stocks, bonds, and real estate have stable annualized returns, with convertible bonds showing an annualized return of approximately 6% over the past decade, outperforming other equity assets [7][24]. - The company manages nearly 5 billion yuan, with over 2 billion yuan allocated to convertible bonds, which account for more than 50% of its total management scale [26]. Group 3: Market Trends - The quantitative investment sector is still in a favorable cycle, with expectations of entering a "big asset management" era where leading institutions adopt multi-strategy and multi-asset approaches [8][33]. - The chairman notes that the current market environment favors convertible bonds due to their stability and potential for higher returns compared to stocks, especially small-cap stocks [25][27]. Group 4: Risk Management - The company employs strict risk control measures, ensuring that low and medium volatility products are matched with suitable assets or strategies, and utilizes quantitative models for optimal asset selection [23][31]. - The dynamic adjustment of asset proportions is based on the cyclical nature of different assets, aiming for stable long-term returns while managing volatility [20][21]. Group 5: Future Outlook - The company is exploring the integration of AI and quantitative strategies to enhance efficiency and model performance, with a focus on maintaining a strong market presence through stable products [34][35]. - The vision is to grow wealth steadily alongside investors, emphasizing the importance of patience and disciplined execution in investment strategies [41][40].

Core Viewpoint - The article discusses the challenges faced by ordinary investors in the stock market and introduces the concept of "survival rules" for investing, emphasizing the importance of building a solid investment framework and avoiding common pitfalls [1]. Group 1: Author Background - The author, Zhang Juying, is an independent investor and a well-known figure in the investment community, recognized for his influence on platforms like Xueqiu and Sina Weibo [5]. - He has published several books aimed at amateur investors, including "10 Rules for Amateur Investors" and "Slowly Becoming Rich," which reflect his 20 years of practical experience in the A-share market [5]. Group 2: Investment Philosophy - The author advocates for a structured investment approach, focusing on three key mindsets: cash mindset, stock price mindset, and equity mindset, which encourages viewing stock purchases as investments in companies [5]. - The selection of investment sectors is deemed a strategic decision, while choosing individual stocks is considered tactical, with recommended sectors including liquor, home appliances, beauty, health, and pharmaceuticals [5]. Group 3: Stock Selection Criteria - The author outlines five essential criteria for stock selection: longevity, stability, profitability, growth potential, and ethical management [5]. - It is emphasized that high-quality investment targets are rare, and once identified, they should be held for the long term [5]. Group 4: Investment Strategy - A combination of "certainty + flexibility" is suggested to navigate market volatility, advocating for a diversified investment portfolio while concentrating on high-quality stocks [6]. - The book serves as a guide for novice investors to avoid market traps and build a robust investment understanding, while also providing seasoned investors with a roadmap for value investing in the A-share market [6].

Core Viewpoint - The article emphasizes the importance of saving and prudent investment strategies, highlighting that wealth accumulation is a gradual process rather than a pursuit of quick riches [2][5]. Group 1: Importance of Saving - Saving every penny is crucial for building initial capital, as illustrated by Warren Buffett's anecdote about picking up a penny, which he equates to getting closer to a billion [3]. - Buffett's frugality is showcased through his choice to drive an old car instead of spending $20,000 on a new one, demonstrating the power of compound interest over time [3][4]. Group 2: Investment Strategies - The article discusses the concept of a "failure cycle" where overspending leads to debt accumulation, emphasizing the need to avoid high-interest debt, particularly from credit cards [4][5]. - It suggests that individuals should match their consumption with income and avoid irrational borrowing for consumption, which can hinder wealth accumulation [5]. Group 3: The Power of Compound Interest - The article highlights the extraordinary "reproductive power" of money, where initial capital can grow significantly through wise investments, as illustrated by Buffett's investment strategies [6]. - Buffett's successful investments in traditional industries, despite missing out on tech booms, demonstrate that consistent, sound investment in stable companies can yield substantial returns over time [6]. Group 4: Investment in Stable Companies - The article advocates for investing in companies with high cash flow, high dividend yield, and low valuation, as these are more likely to provide reliable returns [7]. - It contrasts the excitement of investing in transformative companies with the reliability of investing in stable, established firms, suggesting that the latter is a more prudent approach for ordinary investors [7].