Core Insights - The chairman and CEO of XPeng Motors, He Xiaopeng, emphasizes the importance of learning basic investment principles from personal finance, such as never shorting stocks and avoiding high leverage [1] - He compares setting investment rules to installing brakes in a car, highlighting the need to establish a lower limit for investments while still exploring reasonable upper limits and middle ground [1] - The discussion reflects the notion that investment is a long-term learning process, indicating a strategic approach to financial management within the automotive industry [1]

他写过逾80封致股东的信； 他60次在伯克希尔股东会上滔滔不绝； 他几十年如一日，重复讲述简单的投资原则。 他的语言，人人都能听懂， 可几十年来，没有人能真正做到。 转载开白， 请联系小编微信【fanxiaocom】，添加备注 "转载+新媒体名+姓名" ，按顺序邀请加入媒体转载群 商务合作， 请添加聪明牛牛【微信congmingtzz1/ 手机13262200706 】，添加备注 "合作+机构名+姓名 " 具体 商议 如果方法已经摆在那儿， 为什么没有人能复制巴菲特？ 喜欢就点击 在 看 ，让微信记住你的 兴趣 看完记得 点击视频右下角头像 ， 关注【聪明投资者视频号】 ，带你看投资智慧的浓缩精华。 ...

Core Insights - Ray Dalio, founder of Bridgewater Associates, has sold all his remaining shares and stepped down from the board, marking his retirement after a legendary investment career [1][8] - Bridgewater has repurchased Dalio's shares and issued new stock to the Brunei sovereign wealth fund, giving it nearly 20% ownership of the firm [1] - Dalio warns of a 65% probability of a global debt crisis in the next five years, which could severely impact the dominance of the US dollar [1][10] Performance - Dalio founded Bridgewater in 1975, and under his leadership, it became the world's largest hedge fund, achieving significant returns during major financial crises [1][2] - The flagship fund, Pure Alpha, saw a cumulative return of only 5.9% over five years ending in 2024, but improved to 11.3% in 2024 and 17% in the first half of 2025 [3][10] Controversies - Dalio's debt theory has faced criticism, particularly regarding his approach to macroeconomic analysis, which some argue is overly simplistic [4][5] - Critics suggest that his understanding of macroeconomics as a machine fails to account for the complexities and unpredictability of economic behavior [6] Legacy - Dalio has emphasized four key principles for success at Bridgewater: the importance of people and culture, learning from mistakes, the value of transparency, and the equation "Pain + Reflection = Progress" [8][9] - He expresses confidence in the next generation of leaders at Bridgewater to continue its legacy of success [8]

Core Insights - Patience is crucial in investing, but swift action is necessary when exceptional opportunities arise [1] - Buffett recalled an incident from 1966 where he received a call about a company generating $2 million annually being sold at a very low price, emphasizing the fleeting nature of such opportunities [1]