本报讯(记者袁传玺)天眼查App显示，近日，联通网络安全股权投资基金(广州)合伙企业(有限合伙)成 立，执行事务合伙人为联通新沃创业投资管理(上海)有限公司，出资额10亿元，经营范围为以自有资金 从事投资活动。合伙人信息显示，该基金由中国联通（600050）旗下联通战新私募股权投资基金(武汉) 合伙企业(有限合伙)、联通创新创业投资有限公司、联通新沃创业投资管理(上海)有限公司及上海国泰 君安创新股权投资母基金中心(有限合伙)等共同出资。 ...

A portfolio that emphasizes capital gains has two main disadvantages. First, it tends to be higher volatility and higher risk compared to income investing. Second, selling assets draws down on your portfolio's principal. While you can reinvest some of your money, this still reduces your portfolio's overall value.In most cases, capital gains and income have different profiles. When you emphasize capital gains, your main advantage is the opportunity for growth. In most cases, you will make more money by selli ...

Group 1 - The company, Kai Ming Investment (00768.HK), announced that as of September 30, 2025, its unaudited consolidated net asset value per share is approximately HKD 0.079 [1]

天眼查App显示，近日，湖州南浔屹远股权投资合伙企业（有限合伙）成立，执行事务合伙人为刘志 斌，出资额6300万人民币，经营范围为股权投资、创业投资。合伙人信息显示，该合伙企业由上海恒旭 创领私募基金管理有限公司、湖州南浔产业振兴母基金股权投资合伙企业（有限合伙）共同出资。 天眼查App显示，近日，湖州南浔屹远股权投资合伙企业（有限合伙）成立，执行事务合伙人为刘志 斌，出资额6300万人民币，经营范围为股权投资、创业投资。 ...

将投中网设为"星标⭐"，第一时间收获最新推送 化容错包容,为早期资本的友展宫造了良好主壤。自 前，成都高新区已构建覆盖"资助—种子—天使—创投 一产投一并购"的全生命周期投资服务体系,深入实 施"应投尽投"行动计划。特别是在早期资本环节,成 都高新区规划5年投入15亿元成果转化资助资金、30亿 元种子基金、100亿元天使母基金,同时设立10亿元中 试平台建设基金、天使直投基金和参与基金等创投基 金,形成了从科研成果孵化、初创企业培育到产业化发 展的系统支撑。截至目前，成都高新区已出资组建160 支基金，总规模超过3400亿元，建成中西部产业园区规 模最大的产业基金集群，为科技成果转化和新质生产力 发展注入了强劲动力。 值此之际，由成都高新区科技创新局、成都高新区 财政国资局和成都高新科技创新投资发展集团有限公司 主办的"2025中国成都天使投资生态大会"将于10月 17日在四川·成都举办。本次大会将汇聚政府领导、行 业专家、顶尖投资机构、成功企业家、明星创业者等共 聚一堂,探索如何以早期资本和耐心资本助力科技成果 转化，加速新质生产力发展，共创繁荣未来。 会 议 亮点 SUMMIT HIGHI IGHT 成都 ...

Group 1 - A new investment fund named Jiangsu Yangtze River Delta Integration Demonstration Zone Investment Fund Partnership (Limited Partnership) has been established with a capital contribution of 500 million yuan [1] - The fund's business scope includes venture capital (limited to investments in unlisted companies) and equity investment [1] - The fund is jointly funded by Shanghai Qingpu Investment Co., Ltd. and Suzhou Wujiang Oriental State-owned Capital Investment and Operation Co., Ltd. among others [1]

Core Viewpoint - The 37th Shanghai International Entrepreneurs Consultation Meeting highlighted the transformative potential of AI, which could contribute up to 15% of global GDP growth over the next decade, positioning Shanghai as a key player in the AI landscape [1] Group 1: AI Development and Opportunities - AI is seen as a revolution comparable to the industrial revolution, with the potential to elevate Shanghai's value chain and develop knowledge-intensive services [1] - Shanghai should adopt a city-level planning approach for AI industry development, focusing on infrastructure and cross-industry integration to reshape various sectors [1] - The success of AI relies on three key elements: talent, data, and computing power, necessitating Shanghai to attract and retain top global talent [2] Group 2: Data and Sustainability - The rapid development of AI raises concerns about energy consumption, with countries that can meet rising energy demands gaining an advantage in the AI race [2] - There is a significant potential for synergy between AI and sustainable development, with recommendations for Shanghai to invest in green technologies and promote sustainable consumption [2] - The importance of high-quality data for industrial AI models is emphasized, necessitating the establishment of a trustworthy ecosystem for data sharing and compliance [3] Group 3: Financial and Insurance Sector Insights - Shanghai should enhance the efficiency of its financial system to allocate capital towards innovation and small enterprises, while developing long-term capital sources like pensions and insurance [4] - The insurance industry is viewed as a crucial driver for growth and resilience, with suggestions to leverage Shanghai's insurance strength to create innovative products and support Chinese enterprises [5] - There is a call for the integration of health data across sectors and the exploration of combining wealth management with health insurance to enhance accessibility and sustainability [5]

Group 1: AI and Economic Impact - AI is expected to contribute up to 15% of global GDP growth over the next decade, comparable to an industrial revolution [1] - Shanghai is positioned to elevate its value chain and develop knowledge-intensive services through AI, but requires systematic planning and cross-industry integration [1][2] - The success of AI in Shanghai depends on attracting top global talent, leveraging private data, and efficiently allocating capital [1][2] Group 2: Supply Chain and Innovation - Shanghai is recognized as having the world's strongest and most robust supply chain, making it a key player in global AI innovation [2] - The trend of "innovation in China, deployment worldwide" is becoming more pronounced, with China emerging as a global AI factory [2] - The availability of a large middle-income consumer base in China is conducive to embracing new technologies [2] Group 3: Energy and Sustainability - The significant energy consumption associated with AI development is a critical concern, with countries meeting energy demands likely to gain an advantage in the AI race [2] - There is a potential for AI to align with sustainable development, providing Shanghai with a model for both national and global growth [2] - Investment in green technologies, such as data centers and chip design optimization, is recommended to position Shanghai as a leader in sustainable AI [2] Group 4: Data Privacy and Sharing - The importance of high-quality data for industrial AI models is emphasized, necessitating the creation of a trustworthy ecosystem for data sharing [3] - Cross-border data sharing is crucial for innovation and should be encouraged to enhance the value application of data [3] - Simplifying compliance processes for cross-border data flow is suggested to foster a more open innovation ecosystem [3] Group 5: Financial System and Capital Allocation - Enhancing the efficiency of capital allocation in Shanghai's financial system is essential for directing resources towards innovation and SMEs [4] - The insurance industry is seen as a vital driver for growth and resilience, with recommendations to leverage Shanghai's insurance capabilities for broader risk coverage [4][5] - There is a call to innovate insurance products to support Chinese enterprises in international markets and to integrate health data across sectors [5]

Core Insights - The article explores the journey of Charlie Munger from a lawyer to a successful investor, highlighting the unconventional thinking that led to significant investment success [4][5][6][7][8][11]. Group 1: Munger's Early Life and Career - Munger faced numerous challenges in his early life, including wartime experiences and personal tragedies, which shaped his analytical mindset and emotional resilience [5][6]. - His transition to investment began after establishing a stable family life, leading him to explore opportunities beyond his legal career [5][6]. Group 2: Investment Philosophy Evolution - Munger's first investment experience was with a small transformer company, which taught him the importance of quality over price in investment decisions [6][8]. - The pivotal moment in Munger's investment philosophy came with the acquisition of See's Candies in 1972, which shifted his focus from seeking cheap stocks to investing in high-quality companies with strong competitive advantages [8][9][10]. Group 3: Key Investment Principles - Munger emphasizes "reverse thinking," where he anticipates potential failures before making investment decisions, allowing him to avoid significant losses [11][12]. - He advocates for concentrated investing, arguing that deep understanding of a few companies is safer than spreading investments too thin [12]. - Munger's investment strategy includes a focus on opportunity cost, prioritizing investments in truly exceptional companies and exercising patience [12][13]. Group 4: Long-term Success Metrics - Munger's investment approach has contributed to Berkshire Hathaway achieving a remarkable 19.2% annual compound growth rate over 51 years, demonstrating the effectiveness of his principles [11][13]. - The combination of correct investment philosophy, strict execution discipline, and continuous learning has been crucial to Munger's sustained success [13].

Core Viewpoint - The article emphasizes the importance of systematic planning for AI development in Shanghai, highlighting its potential to significantly contribute to global GDP and transform various industries through innovation and collaboration [3][4]. Group 1: AI Development and Economic Impact - AI is viewed as a transformative force comparable to the industrial revolution, with the potential to contribute up to 15% to global GDP over the next decade [3]. - Shanghai is encouraged to adopt a city-level planning approach for AI development, integrating it as infrastructure rather than limited pilot projects, and fostering cross-industry collaboration [3]. - The success of AI in Shanghai relies on three key elements: talent, data, and computing power, necessitating efforts to attract and retain top global talent [3][4]. Group 2: Data Sharing and Privacy - The rapid advancement of AI raises concerns regarding data privacy and sharing, which need to be addressed to build a trustworthy ecosystem [6][7]. - Cross-border data sharing is deemed essential for maximizing the value of data, with suggestions to simplify compliance processes and foster an open innovation ecosystem [7][8]. Group 3: Capital Allocation and Financial Systems - There is a call for improving capital allocation efficiency within Shanghai's financial system, directing savings towards innovation and small to medium enterprises [9][10]. - The insurance industry is highlighted as a crucial driver for growth and resilience, with recommendations to leverage Shanghai's insurance capabilities to create a comprehensive risk protection system [10].