ICLR 2026评审结果震撼出炉：投稿量暴增至近2万篇，却迎来分数大滑坡，平均分从5.12跌至4.2。审稿人吐槽论文质量低下，甚至疑似AI生成，这场学 术盛宴为何变味？ ICLR 2026评审结果公布了！ 这届ICLR论文投稿数量创历史新高。 根据Paper Copilot网站统计，与2025年的11672篇总投稿论文相比，ICLR 2026共有19631篇投稿，数量增加了，但质量却下降了—— ICLR 2025最高分为满分10分，ICLR 2026最高为8.5； ICLR 2025平均分为5.12分，ICLR 2026平均为4.20。 | Statistics Total | | Accept | Poster | Spotlight | Oral | Reject Location | Withdraw | Desk | | Source | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | Reject | | | | ICLR 2026 | 19631 | | | | | | 7 ...

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]