上周末，公募基金行业迎来了一份分量极重的文件——《基金管理公司绩效考核管理指引（征求意见 稿）》。 临近年末，"钱怎么分"本就是触动打工人神经的敏感话题，再加上这份文件里一些非常具体的规定，瞬 间引发了整个行业的讨论。 其中，杀伤力最大的一条是，明确规定基金经理" 过去三年产品业绩低于业绩比较基准超过10%且基金 利润率为负的，其绩效薪酬应当较上一年明显下降，降幅不得少于30% "。 这条"降薪标准"的打击面有多广？ 根据《财经杂志》的统计，仅以 2023 年以来的三年时间为考量，公募有近千名主动权益基金经理业绩 跑输基准超过 10%，其中不乏张坤、葛兰、赵诣、刘格菘、刘彦春、胡昕炜等一批规模较大、名声较 响的公募主观多头大将[1]。 因此，《征求意见稿》一出，公募基金也再度陷入投研人才流失的担忧之中。毕竟外面还有一个能 收"2%管理费+20%业绩报酬"的私募场子，"公转私"过去二十年里，也都是一条熙熙攘攘的变现之 道。 然而，放在 2025 年，这样的思维定式似乎正在经受财富管理行业的残酷洗礼。 最核心的变量，自然是量化私募。 从十年前的"另类配置"变成了如今高净值人群的"核心底仓"，量化在过去三年走到了真 ...

Core Insights - The article emphasizes the importance of learning how to learn in a rapidly changing world where skills become obsolete quickly [1][8] - Traditional education focuses on memorization rather than teaching individuals how to think and design their own learning paths [1][8] Group 1: Modern Learning Paradox - Understanding how the brain learns is increasingly important, as it operates in two distinct modes that work together to help acquire new knowledge [2] - The abundance of information can hinder learning, making it difficult to filter valuable content [2] - Artificial intelligence is reshaping learning dynamics, reducing the importance of memorizing facts and increasing the need for asking the right questions and evaluating AI-generated answers [2] Group 2: Learning Strategies - "Learning how to learn" can be distilled into three core practices that yield cumulative effects over time [3][6] - The three practices are experimentation, metacognition, and iteration, which help individuals actively engage in their learning process [6] - Experimentation involves designing small experiments to gather data on what methods work best for the individual [6] - Metacognition is the practice of observing one's own thought processes to understand how to handle uncertainty [6] - Iteration allows for adjustments after each experiment, leading to a continuous growth cycle [6] Group 3: Focus and Divergence - Focus mode refers to the active concentration state, while divergent mode allows for free-flowing thoughts [7] - Both modes are essential for effective learning and creativity [7] Group 4: Conclusion - In a world where knowledge evolves faster than individuals can keep up, the most valuable skill is not what one knows, but how one learns [8] - Maintaining curiosity and purpose through experimentation, reflection, and adjustment is crucial for personal growth [8]