Group 1 - The article highlights the importance of intuition and knowledge in the learning process, emphasizing that the conflict between the two presents valuable learning opportunities [1] - It discusses the significance of reading as a means to encounter profound thoughts and engage in self-reflection, ultimately leading to a clearer understanding of the world [1] - A curated book list for the fall of 2025 is presented, featuring ten selected titles across various fields such as economics, finance, and humanities, aimed at enhancing critical thinking [1] Group 2 - The article notes that the current decade is a pivotal turning point, with AI becoming central to the strategic competition between China and the U.S., framed by the concept of "technological revolution - institutional competition - order reconstruction" [2] - It mentions the shift from physical trading floors to algorithm-driven electronic trading systems, highlighting the historical significance of this transformation in trading practices [2] - The article introduces new works that explore the psychological aspects of money management and the impact of high-frequency trading on market efficiency [2] Group 3 - The book "Seeking a Path" by Zhou Qiren discusses the challenges faced by enterprises and individuals in a rapidly changing global landscape, providing insights into potential growth opportunities [4] - "Cities, Clusters, and Spatial Equilibrium" by Edward Glaeser presents a comprehensive overview of urban economics, addressing key concepts such as spatial equilibrium and the mechanisms of urban growth [6] - "AI Storm" by Liu Dian examines the intense competition between China and the U.S. over AI technologies, proposing a theory of "resilient power" to navigate beyond zero-sum games [8] Group 4 - "Speed Trading" by Donald MacKenzie chronicles the rise of high-frequency trading since the 1990s, analyzing its effects on market efficiency and the competitive landscape of trading [10] - "The Power of Critical Thinking" by Liang Yufeng et al. emphasizes the importance of critical thinking in value investing, addressing common misconceptions and providing practical investment guidance [12] - "The Danaher Model" by Yang Yi and Chen Chaowei dissects the success strategies of Danaher Group, focusing on its operational excellence and strategic acquisition capabilities [14] Group 5 - "The Art of Money" by Morgan Housel explores the relationship between money, human behavior, and happiness, offering insights into how this relationship influences decision-making [16] - "Breaking the Urban-Rural Dual Structure" by Cai Fang addresses the challenges of China's urban-rural divide, providing policy recommendations for integrated development [18] - "The Joy of 11th Century China" by Yu Wensuo analyzes the concept of happiness in Chinese thought and literature, particularly during the Song Dynasty [20]

Group 1 - The article discusses the significance of reading and the process of refining intuition through knowledge, emphasizing the importance of critical thinking in understanding complex ideas [1] - It highlights a curated book list for the autumn of 2025, focusing on titles that encourage readers to challenge their intuitions and deepen their understanding in various fields such as economics, finance, and humanities [1] Group 2 - The article presents a framework by Liu Dian that analyzes the ongoing technological competition between China and the U.S., focusing on AI as a central theme [2] - It mentions the shift from traditional trading floors to algorithm-driven electronic trading systems, indicating a significant transformation in financial markets [2] - The article references notable books that explore the psychological aspects of money and the impact of high-frequency trading on market dynamics [2][9] Group 3 - The book by Zhou Qiren discusses the challenges faced by businesses and individuals in a rapidly changing global landscape, providing insights into potential growth opportunities [3] - Edward Glaeser’s work on urban economics presents a comprehensive view of urban development, addressing key concepts such as spatial equilibrium and agglomeration economies [5] Group 4 - Liu Dian's book on AI explores the competitive dynamics between the U.S. and China, focusing on the implications of data, computing power, and algorithms [7] - The book "The Art of Money" by Morgan Housel delves into the relationship between money, human behavior, and decision-making, offering insights into financial literacy [15] Group 5 - The book "Breaking the Urban-Rural Dual Structure" by Cai Fang addresses the challenges of rural development in China and proposes policy recommendations for urban-rural integration [17] - The work "The Joy of Possession in 11th Century China" examines historical perspectives on happiness and ownership, reflecting on cultural and literary themes [19]

Core Viewpoint - The article emphasizes the importance of building a scientific cognitive system for investors, especially in the context of a recovering stock market and rising investment enthusiasm. It highlights that successful investing is not just about chasing numbers but involves a deeper understanding and recognition of market dynamics [1]. Group 1 - The upcoming live session will feature Shitai Feng, a partner at Chongyang Investment, and Dr. Liang Yufeng, the author of "The Power of Critical Thinking," who has extensive experience in market research [1]. - The stock market has recently shown signs of recovery, with indices reaching a ten-year high, reigniting investor enthusiasm [1]. - The article quotes a classic investment saying: "You cannot earn money beyond your cognition," stressing the need for a solid cognitive framework to avoid losses from luck-based gains [1]. Group 2 - Dr. Liang's book provides a comprehensive and accessible breakdown of investment principles, serving as a practical guide for investors to establish a robust investment philosophy [1]. - The discussion will focus on how investors can construct their cognitive frameworks, maintain composure amidst market excitement, and avoid common investment pitfalls [1].

Group 1 - The 2025 Shanghai Book Fair and "Book Fragrance China" have concluded, showcasing a blend of reading and diverse business models under the theme of "integrated publishing" [1] - The "Everyone Creates, Everyone Reads" initiative was launched during the event, featuring the "Angel Looks Back Home+" national creation plan and the MOOK trial publication "100 Dreams of Chinese People" [2] - The project aims to explore new models of integrated publishing and build a national creation ecosystem to disseminate and preserve everyday Chinese stories [6] Group 2 - Various activities during the Shanghai Book Fair focused on the dialogue between ordinary people and the chaotic times, emphasizing the importance of cultural engagement [6] - The event included discussions on artificial intelligence's impact on urban governance and industry, highlighting key scenarios such as autonomous driving and urban planning [8] - Cultural sharing sessions featured traditional Chinese wisdom through the lens of the 24 solar terms, emphasizing its relevance to ecological development and cultural transmission [10] Group 3 - The book sharing event for the sequel of the popular series "A Little Reunion" addressed contemporary challenges faced by young people, including the clash between ideals and reality, and generational communication issues [11]

《思辨的力量》 8月16日，第一财经将联合中信出版社为图书《思辨的力量》举办题为"思辨价值投资，思辨机会与风 险"的新书分享会。 本书源于第一财经《价值三人行》数百期电视节目的内容精华，集中展示了对中国资本市场的长期观察 和深度思考、对价值投资理念和方法论的辩证分析。 同时，《思辨的力量》也是第一财经全新推出的"壹评级——专业股票评价体系"的理论基础之一。 本书联名作者之一、上海壹评信息总经理梁宇峰将携资深投资人凌鹏一起，围绕新书创作背景和理念展 开对话，深度剖析中国资本市场未来十年的财富机遇与风险。 时 间 : 8月16日 14:00-16:00 地 点： 中信书店·跳岛声音书店 新书分享会 （南京西路1168号中信泰富广场LG层） ...

Core Insights - The article discusses the upcoming book launch event for "The Power of Critical Thinking," which focuses on value investing and the analysis of opportunities and risks in the Chinese capital market [2]. Event Details - The book launch event will take place on August 16, from 14:00 to 16:00 [3]. - The location of the event is at the CITIC Bookstore, located at Nanjing West Road 1168, CITIC Pacific Plaza, LG level [4]. Book Overview - "The Power of Critical Thinking" is based on the essence of hundreds of episodes from the First Financial program "Value Trio," showcasing long-term observations and deep reflections on the Chinese capital market [2]. - The book serves as a theoretical foundation for the newly launched "Yipin Rating - Professional Stock Evaluation System" by First Financial [2]. - Co-author Liang Yufeng, General Manager of Shanghai Yiping Information, will engage in a dialogue with senior investor Ling Peng to analyze the wealth opportunities and risks in the Chinese capital market over the next decade [2].

这两位以读书、写书为乐，致力于阅读推广的学者，将于8月15日现身"纸上行旅——第一财经年中人 文书单发布暨主题沙龙"，在活动现场，他们将与读者一起走近今年出版的人文好书。 第一财经年度人文图书项目始于2017年，持续致力于发掘、传播人文好书。依托《第一财经·阅读周 刊》的全年报道，每年年底，一份鲜活多元的人文书单在评委会的多轮遴选之后呈现给读者。 积聚8年经验，如今，人文书单走到线下，在阅读这条悠远的路上，与更多的朋友面对面相遇、畅谈。 一份书单，闪耀着文字与纸张构筑的思想光芒，它们连缀起来，是希望、信念，也是路径。 复旦大学政治学系的包刚升教授，直播课干货多多，深入浅出地解读了几十本中外政治学、社会科 学、历史学的经典著作，搭建起专业研究与大众求知之间的桥梁。复旦大学新闻学院的马凌教授，是 豆瓣上的热门书评人，阅书无数且撰写过很多高赞书评的她，出版了《多年爱书已成精》一书，谈阅 读、文学与艺术。 这个8月，上海书展如期而至，阅读的盛会，也是交流的绝佳契机。在上海书展主办方的大力支持下， 8月15日晚7点，在上海书展主场之一——上海展览中心旁的友谊会堂友谊厅，第一财经首次将人文图 书项目带到线下。此次发布的2 ...

Core Viewpoint - The article discusses the launch of "Yi Rating," a professional stock evaluation system by Shanghai Media Group's First Financial, aimed at enhancing pricing efficiency in China's capital market [1][2]. Group 1: Overview of Yi Rating - "Yi Rating" encompasses various dimensions of stock evaluation, including business model rating, operational performance rating, in-depth research rating, trading aspect rating, and risk rating, utilizing nearly 30 indicators [2]. - The methodology combines quantitative analysis of financial data with qualitative analysis of industry and company fundamentals, focusing on long-term investment value [2]. Group 2: Initial Launch and Future Plans - In September, "Yi Rating" will release multiple stock rating lists and the first batch of in-depth research evaluation reports for listed companies [3]. - Prior to this, on July 11, "Yi Rating" introduced three pilot products aimed at enhancing professional investment research services, solidifying the theoretical foundation of the evaluation system, and promoting rational, value, and long-term investment concepts [3]. Group 3: Strategic Vision and Development - First Financial aims to continuously iterate and upgrade its methodology, accumulate market research data, and leverage its professional stock evaluation system to connect investors, regulatory bodies, and financial institutions for the healthy development of China's capital market [3]. - In 2024, First Financial has established a "Leading Financial Platform Navigation Special Plan," outlining a strategy of "one platform, two pillars, three ecosystems, and N products," with "Yi Rating" being the first step in the rating business sector [3].