大家好，我是银行螺丝钉，欢迎来到这期的螺丝钉带你读书。 「螺丝钉带你读书」也陪伴大家度过了三百多期，为大家讲解了很多有趣、经典的书籍和故事，比如《三十几岁，财务自由》、《如何读一本 书》、《战胜拖延症》等等。 还为大家详细介绍了几位投资大师：股神巴菲特、他的好搭档查理·芒格和指数基金之父约翰·博格。分享了他们的人生经历、投资生涯和投资的 理念。 大家可以点击下面链接查看部分螺丝钉带你读书合集： 《 世界读书日，螺丝钉送你121本私藏经典好书 》 巴菲特的价值投资理念 这一期螺丝钉带你读书，咱们介绍的，是一本2025年底，新出的投资书籍，《投资的护城河》。 这本书是晨星公司，围绕巴菲特的护城河投资理念，做的相应讲解。 这本书，可以跟上一期，螺丝钉介绍的《 柏基投资之道 》做一个对比。 他们分别代表了，投资中的两种不同投资风格，以及投资企业的不同生命周期。 价值投资很少投资早期企业 之前咱们介绍过企业的生命周期。 企业从上市开始，会经历： 高速增长。 增长速度快。 缓，但可以通过裁员降薪、提高效率的方式，盈利高速增长。 估值、高分红的特征。 · 深度成长：IPO成功，企业获得大笔资金，收入开始 · 成长：企业拥有 ...

Core Insights - The articles emphasize the importance of investment as a means to achieve financial freedom and personal growth, highlighting the challenges and opportunities within the investment landscape [1][2][4]. Group 1: Investment Literature - Investment books serve as valuable guides, providing insights into market complexities and sharing practical experiences [2][3]. - They help cultivate a sound investment mindset, teaching readers to remain calm amidst market fluctuations and to identify opportunities in uncertainty [4][5]. Group 2: Recommended Books - "The Way: Investment Q&A with Duan Yongping" offers insights from Duan Yongping's experiences, covering investment wisdom and personal philosophies [6][7][8]. - "The Intelligent Investor" by Benjamin Graham is regarded as a foundational text in value investing, emphasizing rational decision-making and the concept of "margin of safety" [11][12][13]. - "Wealth Depends on K-Waves" by Zhou Jintao provides a macroeconomic perspective on wealth accumulation, linking individual fortunes to economic cycles [17][18][19]. - "The Investment Moat" by Heather Brilint teaches investors how to identify companies with sustainable competitive advantages, focusing on long-term value rather than short-term market trends [21][22][24]. - "Reminiscences of a Stock Operator" by Edwin Lefevre narrates the life of Jesse Livermore, illustrating the psychological aspects of trading and the importance of self-awareness in investment decisions [28][30][31].