随着投资者在美国政府资金僵局后寻求规避潜在市场冲击，金价的飙升显得尤为紧迫。美联储货币政策 宽松周期的开启，也为无息资产黄金带来利好。在此背景下，投资者纷纷涌入黄金ETF，9月黄金ETF 录得逾三年来最大单月资金流入。 盛宝资本市场策略师Charu Chanana表示："黄金突破4000美元关口，背后不只是恐慌情绪，更关键的是 资产重新配置需求。当前经济数据发布暂停，降息预期临近，实际收益率不断走低，而重仓人工智能板 块的股票估值已显过高。各大央行为本轮涨势奠定了基础，如今散户投资者与ETF资金正推动黄金开启 下一阶段上涨。" 智通财经APP获悉，现货黄金价格首次突破每盎司4000美元大关。对美国经济状况及政府停摆的担忧， 为这场火热的涨势注入了新的动力。 周三，金价一度上涨逾0.4%，至每盎司4014.41美元。对黄金而言，这是一个里程碑时刻——就在两年 前，其价格还低于每盎司2000美元，而如今，其回报率已远超本世纪以来的股市表现。 面对全球贸易不确定性、美联储独立性受疑以及美国财政稳定性等问题，金价今年已飙升逾50%。与此 同时，地缘政治紧张局势推升了避险资产需求，各大央行也持续以较高速度增持黄金。 麦 ...

Core Viewpoint - The article discusses the concept of "don't invest in what you don't understand," challenging its validity and suggesting that many investors may overestimate their understanding of investments [2][4]. Group 1: Understanding Investment - The author argues that the phrase "don't invest in what you don't understand" can hinder individuals from entering the investment world, as everyone starts from a place of ignorance [4]. - It is noted that even successful investors like Warren Buffett do not apply this principle rigidly, as they focus on areas where they have sufficient knowledge and profitability [4]. - The article emphasizes that many individuals mistakenly believe they understand investments, leading to poor decision-making and financial losses [6][12]. Group 2: Survivor Bias - The author highlights the issue of survivor bias, where successful investors' stories are celebrated while failures are often ignored, leading to a skewed perception of investment success [14][16]. - The article points out that those who have failed in investments, such as cryptocurrency or business ventures, often remain silent about their losses, contributing to a misleading narrative [17]. Group 3: Risk Diversification - The author advocates for risk diversification as a valid investment strategy, suggesting that understanding the principles of asset allocation can mitigate risks even if one does not fully comprehend every asset class [19][23]. - It is mentioned that diversification can be a response to the lack of deep understanding of individual investments, allowing for a more balanced approach to risk management [23]. Group 4: Self-Assessment in Investment - The article raises the question of self-awareness among investors, suggesting that many may overestimate their abilities and should consider whether they are truly equipped to compete in crowded markets [25]. - The author reflects on the importance of recognizing one's limitations and opting for diversified strategies to achieve stable, long-term returns rather than chasing high-risk opportunities [26].