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。 东方港湾董事长但斌、中欧瑞博董事长吴伟志、因诺资产创始人徐书楠、重阳投资合伙人舒泰峰等送来 新春祝福。 但斌表示，展望2026年，它很可能成为AI应用的爆发之年，顶尖科技巨头的竞争将驱动技术以前所未 有的速度迭代，并真正开始改变各行各业，并惠及全球的普通人。对于投资者而言，在当前这样一个时 点，错失一个时代的风险远大于过早担心泡沫的风险。 东方港湾将始终秉承全球视野，坚持长期主义，继续聚焦于那些能够改变未来，拥有宽广护城河的伟大 企业。无论是这个全球的科技巨头，还是中国的科技巨头，我们将始终保持热情，并倾注全部的力量予 以关注。衷心祝愿各位投资者在新的一年里投资顺利，阖家欢乐，万事如意。 中欧瑞博董事长吴伟志指出，展望2026年，市场整体重心仍会上行，进入基本面驱动阶段。景气度持续 向上的行业有望继续走强，缺乏盈利支撑的板块则可能仅仅是顶部震荡。投资需要 ...

Core Viewpoint - The article discusses the challenges and opportunities in the investment landscape during the "VUCA" (Volatility, Uncertainty, Complexity, Ambiguity) era, emphasizing the need for rational decision-making amidst market fluctuations and cognitive biases [2][3]. Summary by Sections Investment Landscape - The years 2021-2025 are characterized as a "post-pandemic" era with trade wars and rapid AI advancements disrupting traditional industries [2]. - Investor sentiment has been low due to significant market fluctuations over the past four years, revealing cognitive biases such as pessimism, anchoring effects, and loss aversion [3]. Book Overview - "Wealth is the Realization of Cognition" has received positive feedback since its release, helping readers navigate turbulent investment periods and achieve returns [4]. - The upgraded version of the book includes an additional 40,000 words of analysis, addressing key global shifts such as the AI equity revolution and the implications of trade policies [5]. Cognitive Traps and Solutions - The book identifies 12 cognitive traps that investors face, such as overconfidence and loss aversion, and provides corresponding strategies to overcome them [13][14]. - Key strategies include using self-awareness to combat overconfidence and adopting long-term thinking to counteract the urge for quick gains [13][14]. Author's Background - The author, Shu Taifeng, combines a humanities background with extensive media experience to present investment philosophies in an accessible manner [25][28]. - The book integrates insights from historical figures like Buffett and Laozi, highlighting the timeless nature of investment wisdom [19][28]. Reader Engagement - The article encourages readers to engage with the book, offering discounts for bulk purchases and membership benefits [7][9].

Core Insights - Morgan Housel's new book "The Art of Money" continues the themes of wealth, human nature, and happiness found in his previous works, focusing on the secrets of compounding wealth and life [2] - The concept of compounding is illustrated through a wealth experiment comparing immediate rewards versus exponential growth, emphasizing the importance of patience and long-term thinking [3][4] Group 1: The Difficulty of Compounding - Compounding can be slow and requires uninterrupted commitment; interruptions can derail the process [4][5] - Early-stage compounding yields minimal visible results, which can lead to discouragement and abandonment of the strategy [5][6] - Human cognition struggles to grasp "tail events," which are rare but impactful occurrences that significantly influence outcomes [6][7] Group 2: The Importance of Early Action - Starting early is crucial for wealth accumulation; even small investments can grow significantly over time [9] - Saving money is framed as a pathway to freedom, allowing individuals to make choices aligned with their true desires [10] - The narrative emphasizes that the true essence of wealth is not material possession but the ability to live life on one's own terms [10]

Core Insights - The article discusses the investment philosophy and strategies shared in the book "Slowly Becoming Rich 2," emphasizing the importance of practical experience in investing [2][3] - The author highlights the significance of value investing and the challenges associated with holding investments long-term, especially during market downturns [3][4] Investment Philosophy - The book draws inspiration from renowned investors like Graham, Buffett, Munger, and Fisher, but stresses that the core investment principles are developed through practical experience [2] - The author introduces an "eight-character mantra" for investing: select wisely, hold on, collect dividends, and accumulate shares, which encapsulates the essence of value investing [3] Investor Education - The book serves as a valuable resource for investor education, advocating for a deeper understanding of value investing to enhance market maturity [3] - It emphasizes the need for investors to have a solid knowledge base and analytical skills before entering the stock market, particularly in assessing company fundamentals such as cash flow and profitability [2][4] Personal Insights - The author shares personal reflections that encourage investors to approach investing with a mindset of continuous learning and rational analysis, treating losses as learning opportunities [4] - The narrative promotes a philosophy of lifelong learning and self-improvement, applicable not only in investing but also in various life scenarios [4]