编辑｜+0 今天 AI 圈最大的热闹莫过于 LeCun 和 哈萨比斯 在推上「吵」了起来。 事情的起因，源于 Yann LeCun 最近的一次「火力全开」。前段时间，一位博主发布了一段 LeCun 的访谈剪辑，LeCun 在播客节目中表示： 「通用智 能」不存在，是彻头彻尾的胡说八道。 播客地址： https://www.youtube.com/watch?v=7u-DXVADyhc 他的观点很犀利：我们之所以会有「通用」的错觉，是因为陷入了幸存者偏差，我们只能意识到那些我们能想象出的问题，却忽略了海量位于人类认知盲区 之外的、我们根本无法构想的任务。人类在棋类等任务上表现差劲，并且动物在许多其他领域胜过我们。 以下是 LeCun 的原话： 根本就不存在所谓的通用智能（general intelligence）。这个概念完全讲不通，因为它实际上是被设计用来指代人类水平的智能的。 但人类智能其实是高度专用化的。好吧，我们确实能很好地应对现实世界，比如导航以及诸如此类的事情。我们也能很好地应对其他人，因 为这是我们进化的结果。但在国际象棋方面，我们却表现得很差。所以，实际上有很多任务我们都做不好，而在这些方面很多 ...

Core Insights - The ICLR 2026 review results reveal a significant increase in submission volume to nearly 20,000 papers, but a notable decline in average scores from 5.12 to 4.20, indicating concerns over paper quality, with some reviewers suggesting AI-generated content [1][12][32]. Submission Statistics - ICLR 2026 received a total of 19,631 submissions, a substantial increase from 11,672 in 2025, marking a historical high for the conference [1]. - The acceptance rate for ICLR 2026 is approximately 3.57%, with only 700 papers accepted [1]. - The highest score for ICLR 2026 was 8.5, compared to a maximum of 10 in 2025, while the average score dropped to 4.20 from 5.12 [1][12]. Reviewer Feedback - Reviewers have expressed frustration over the declining quality of submissions, with only about 9% of papers achieving an average score of 6 or above [15]. - A pattern was noted where higher submission IDs correlated with lower scores, suggesting a potential bias in the review process [24]. - Some reviewers reported spending more time understanding poorly written papers than the authors spent writing them, leading to calls for mechanisms to address frequent resubmissions of low-quality work [32][34]. Conference Context - ICLR 2026 is scheduled to take place from April 23 to 27, 2026, in Rio de Janeiro, Brazil, and is recognized as one of the three major conferences in the machine learning and AI research fields, alongside NeurIPS and ICML [10][11].

Core Insights - Danaher Corporation has demonstrated consistent growth over 30 years, with gross and net profit margins doubling, and a compound annual growth rate of shareholder returns reaching 22% [2] - The company has completed over 400 acquisitions, investing approximately $90 billion, with an internal net return rate of about 21% [6][12] - Danaher emphasizes a disciplined and rational approach to mergers and acquisitions, avoiding overpaying for high-quality targets and not purchasing low-quality assets simply due to low valuations [12] Financial Performance - Key financial metrics from 1991 to 2024 show significant growth in enterprise value to revenue ratio, increasing from 1.8 to 7.5, and enterprise value multiples rising from 11.5 to 22.4 [1] - The price-to-earnings ratio has also increased from 26.5 to 36.8, while gross margins improved from 32% to 60% [1] Management and Strategy - Danaher’s management approach, known as the Danaher Business System (DBS), focuses on deep operational involvement in acquired companies, which is more effective than traditional consulting services [8] - The company’s strategy includes a focus on technology-driven acquisitions, particularly in strategic areas like automation and robotics [18] Comparison with Other Companies - Danaher is compared favorably against diversified groups like General Electric and Honeywell, as well as Berkshire Hathaway, in terms of operational performance and shareholder returns [2][4] - The investment strategies of companies like Midea and Tencent are noted to be more aligned with Danaher’s approach, focusing on synergistic acquisitions rather than mere scale expansion [17] Leadership and Influence - Danaher has produced notable leaders in the industry, with executives from Danaher taking key positions in companies like Wuxi Biologics and Wantai Biological Pharmacy [5][6] - Larry Culp, who led Danaher for 13 years, played a crucial role in rescuing General Electric, showcasing the influence of Danaher’s leadership style [5]

Group 1 - The article emphasizes the importance of financial literacy and developing a proper money mindset as the first step towards wealth freedom, especially for beginners who feel they have "no money to manage" [4][5][6] - It introduces engaging and easy-to-understand books like "The Rich Dad Poor Dad" and "The Little Money Dog" to help readers build a new understanding of wealth and financial management [5][6] - The article highlights the significance of value investing, founded by Benjamin Graham, which focuses on finding stocks priced below their intrinsic value for long-term gains [8][9] Group 2 - "The Intelligent Investor" is presented as a foundational text in value investing, introducing the concept of "margin of safety" to protect against market volatility [9] - "Warren Buffett's Letters to Shareholders" provides insights into Buffett's investment philosophy, emphasizing the importance of long-term competitive advantages and intrinsic value over short-term price fluctuations [10] - Practical methods for applying value investing principles in stock selection and asset allocation are discussed, including industry analysis and financial metrics [11][12] Group 3 - The article discusses the basics of technical analysis, which helps investors make informed decisions based on historical price and volume data [15][16] - "Japanese Candlestick Charting Techniques" is recommended for understanding market trends and buy/sell signals through candlestick patterns [16] - "Market Trend Analysis" is highlighted as a comprehensive guide to identifying market trends and managing risk through various technical indicators [17][18] Group 4 - The importance of a systematic trading approach is emphasized, with "The Turtle Trading Rules" providing a framework for disciplined trading based on clear entry and exit rules [20] - "The Simplest Thing in Investing" offers localized strategies for the A-share market, focusing on finding undervalued stocks and understanding pricing power [21] Group 5 - The article stresses the psychological aspects of investing, highlighting the need for a rational mindset to navigate market volatility [22][23] - "Poor Charlie's Almanack" is recommended for its insights into multi-disciplinary thinking and investment philosophy [24] - "The Most Important Thing" by Howard Marks emphasizes understanding market cycles and risk management as key components of successful investing [25] Group 6 - The article addresses the impact of human psychology on investment decisions, suggesting strategies to overcome emotional biases [26][27] - "Reminiscences of a Stock Operator" illustrates the influence of fear and greed on trading behavior through the life of Jesse Livermore [27] - "Fooled by Randomness" warns against cognitive biases and emphasizes the importance of risk management in unpredictable markets [28] Group 7 - The article provides a reading strategy for efficiently absorbing investment knowledge during holidays, suggesting a mix of short and long reading sessions [30][31] - It encourages practical application of learned concepts by identifying actionable insights from each book read [34][35] - The importance of verifying investment theories against current market conditions is highlighted to avoid blind adherence to strategies [36]

Group 1 - Singapore has become a key destination for enterprises and individuals looking to expand internationally, with foreign direct investment (FDI) reaching a record high of $143.4 billion in 2024 [1] - Numerous prominent Chinese companies, including Alibaba, Tencent, ByteDance, and Ant Group, have established a presence in Singapore to access the ASEAN market of nearly 700 million people [1] - The number of family offices in Singapore has surged by over 40% within a year, surpassing 2,000, attracting global billionaires such as Ray Dalio, Sergey Brin, and Mukesh Ambani [1] Group 2 - Singapore is recognized as a leading hub in financial technology and digital assets, providing unique value in global asset allocation [2] - A global research trip to Singapore is organized to explore the advantages of Singapore in global asset allocation and to understand the latest trends in financial technology and digital assets [2] - The trip includes visits to major financial institutions and fintech companies, as well as interviews with key players in the industry [2] Group 3 - On August 1, a global wealth management summit hosted by Noah Holdings will feature insights from renowned financial experts, including Nassim Taleb and Jim Rogers [3] - The summit aims to provide a comprehensive examination of the financial market through discussions and networking opportunities with industry leaders [3]

Group 1 - Singapore is increasingly chosen by businesses and individuals as a key gateway for international expansion, particularly into the ASEAN market with a population of nearly 700 million [1] - In 2024, Singapore's foreign direct investment (FDI) is projected to reach a record high of $143.4 billion, ranking second globally only to the United States [1] - Major Chinese companies such as Alibaba, Tencent, ByteDance, Ant Group, and Huawei Cloud have established a presence in Singapore [1] Group 2 - The number of family offices in Singapore has surged by over 40% within a year, surpassing 2,000, attracting global billionaires like Ray Dalio, Sergey Brin, and Mukesh Ambani [1] - Singapore is recognized as a leading hub for fintech and digital assets, providing unique value in global asset allocation [2] - A global research trip to Singapore is organized to explore its financial institutions and gain insights from prominent figures in finance, including Nassim Taleb and Jim Rogers [2]