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2022-08-29

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Crash again! Bitcoin fell below $20,000, 100,000 people liquidated their positions in one day

2022-04-29

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How do investment gurus spend their darkest moments?

2022-04-18

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@Twelve_E:$41 bn all-cash Bid, 3 KeyPoints on Elon Musk's Ambitious to Twitter

2022-03-08

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Last night and this morning | The Nasdaq fell into a bear market! Energy prices soar, European stocks enter bears

2022-02-10

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Last night and this morning | Don't be afraid of CPI! U.S. stocks continue to explode

2022-02-03

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2022-01-18

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Sources say Nio is expanding offices in California and may be preparing to start sales in the United States

2022-01-18

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Sources say Nio is expanding offices in California and may be preparing to start sales in the United States

2022-01-17

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He XPeng: The whole story of "Dreamer in the Sky" building cars

2022-01-08

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Sister Wood's ARK fund is nearly cut in half, and the big Wall Street banks are also trembling

Go to Tiger App to see more news

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Bitcoin fell below $20,000, 100,000 people liquidated their positions in one day","url":"https://stock-news.laohu8.com/highlight/detail?id=1121676163","media":"每日经济新闻","summary":"最大单笔爆仓高达1099万美元。","content":"<p><div>Since the beginning of this year, the currency circle has experienced \"bursts of thunder\" and continued to stage super storms. On August 27, the price of Bitcoin plummeted, falling nearly US $900 in the day, and the lowest fell to US $19,931, which was a plunge of more than 69% from the highest point of US $64,900 this year on April 14, setting a new low since July 14. Watcher.Guru data shows that in the past 24 hours, the market value of the global cryptocurrency market has shrunk by $70.63 billion. As of press time, Bitcoin was quoted at $20,005.22, down 1.2%. At the same time, the futures contract market continues to explode. Currency world data shows that virtual currency...</p><p><a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">Web link</a></div></p>","source":"mrjjxw","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crash again! Bitcoin fell below $20,000, 100,000 people liquidated their positions in one day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrash again! Bitcoin fell below $20,000, 100,000 people liquidated their positions in one day\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">每日经济新闻</strong><span class=\"h-time small\">2022-08-28 11:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Since the beginning of this year, the currency circle has experienced \"bursts of thunder\" and continued to stage super storms. On August 27, the price of Bitcoin plummeted, falling nearly US $900 in the day, and the lowest fell to US $19,931, which was a plunge of more than 69% from the highest point of US $64,900 this year on April 14, setting a new low since July 14. Watcher.Guru data shows that in the past 24 hours, the market value of the global cryptocurrency market has shrunk by $70.63 billion. As of press time, Bitcoin was quoted at $20,005.22, down 1.2%. At the same time, the futures contract market continues to explode. Currency world data shows that virtual currency...</p><p><a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">每日经济新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/962be253ee7459c393769e9105cb1429","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"source_url":"http://www.nbd.com.cn/articles/2022-08-28/2434508.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121676163","content_text":"今年以来，币圈“雷声阵阵”，持续上演超级风暴。8月27日，比特币价格直线暴跌，日内跌近900美元，最低跌至19931美元，较4月14日的今年以来最高点64900美元，暴跌超69%，刷新7月14日以来新低。Watcher.Guru数据显示，在过去24小时内，全球加密货币市场市值缩水706.3亿美元。截至发稿，比特币报20005.22美元，跌1.2%。同时，期货合约市场爆仓不断。币界数据显示，虚拟货币合约一日内共爆仓近28亿元人民币，波及10万人，其中最大单笔爆仓高达1099万美元。8月26日晚间，美联储主席杰罗姆鲍威尔的8分钟讲话中表示，美国很可能会继续加息。在鲍威尔的评论之后，不仅美股暴跌，整个加密货币也大崩盘。虚拟货币全线崩溃在20000美元点位拉扯一周之后，8月27日，比特币价格急转直下，一日暴跌近900美元，最低跌至19931美元，较4月14日的今年以来最高点64900美元，暴跌超69%。据中国证券报报道，币界数据显示，虚拟货币合约一日内共爆仓近28亿元人民币，波及10万人，其中最大单笔爆仓高达1099万美元。图片来源：币界Glassnode数据显示，比特币交易活跃地址已创下今年以来新低，比特币的交易活跃度走向今年的底部区间，关注的人数逐渐减少。Alternative.me显示，8月27日，恐慌与贪婪指数为28，恐慌程度较昨日略有下降，等级仍为恐慌。最近一周，比特币市场的恐慌情绪格外严重。有业内人士认为，由于最近几个月美国股票和加密货币之间的紧密相关性，表明美联储的态度已经渗透到虚拟货币市场，这是近期比特币遭遇抛售的原因。比特币永续期货市场多头头寸的清算也可能加剧这一趋势。BitMEX前首席执行官Arthur Hayes此前表示，20000美元和1000美元分别代表了比特币和以太坊的价格支撑位，如果被突破，将引发“巨大的抛售压力”。比特币交易所Swan的比特币分析师Sam Callahan也认为，根据此前虚拟货币熊市的经验，比特币可能会从历史高点下跌80%以上。这意味着比特币将跌至13800美元。比特币仍有下行空间2020年12月中旬，价格首次突破2万美元的比特币彻底燃起投资者热情，由此开启了长达一年的暴涨模式，并于2021年11月份一度逼近6.9万美元，创下历史最高价。进入2022年，行情急转直下，比特币价格一路下跌并于6月18日跌破2万美元，击破投资者心理防线，大量的抛售促使比特币价格进一步于6月19日跌破1.8万美元。随后，比特币价格企稳并小幅反弹，在8月中旬反弹至25205高点。据证券日报报道，中国通信工业协会区块链专委会共同主席、火大教育校长于佳宁对记者表示，当下市场处于美联储加息阶段的探底行情中，美国CPI高企，意味着美联储此前的加息政策并没有有效缓解国内通胀压力，未来或许会采取更激进的政策。美联储后续加息次数、基准利率调节、缩表规模还存在很大的未知性。全球金融市场受到挑战，比特币也由此受到影响。“很多主流加密资产价格仍由锚定美元的稳定币来体现，受美元政策和美国市场影响较大，某种程度上可以视作美股等主流交易市场的次级市场，如此次比特币暴跌是受美国经济衰退风险影响，从而传导至加密资产市场。”欧易研究院高级研究员赵伟对记者表示。图片来源：摄图网-501024898“受美联储加息影响，作为波动性较大的加密资产，比特币等虚拟币易受到市场恐慌影响而被抛售。”工信部工互联网区块链重大项目评审专家、北邮科技园元宇宙产业协同创新中心执行主任陈晓华对记者表示，从全球投资市场整体基调行情来看，比特币并未出现明确的回暖信号，价格或进一步下探。于佳宁认为，若美联储采取更严格的加息手段来抑制通胀，后续或进一步下行。据中国证券报报道，对于接下来虚拟货币的走势，Coinbase预计，今年三季度交易量可能更加疲软，每月平均交易用户可能降低至700万-900万区间。多家虚拟货币投资机构近期均宣布大规模裁员，包括虚拟货币借贷平台BlockFi，虚拟货币交易平台Crypto.com、Gemini，总部位于阿根廷的交易平台Buenbit。其中，Buenbit已于5月份解雇45%的员工。业界认为，以比特币为代表的虚拟币市场暴跌并不会对全球经济发展造成冲击。于佳宁表示，一方面，加密资产市场总市值不足万亿美元，体量相对较小，难以影响全球经济发展。另一方面，加密资产市场和传统金融市场联系较为薄弱，其波动蔓延至现实经济的可能性不大。","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060473002,"gmtCreate":1651191059622,"gmtModify":1676534866524,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060473002","repostId":"1176249216","repostType":4,"repost":{"id":"1176249216","kind":"news","weMediaInfo":{"introduction":"预判经济形势，解读公共政策，提供及时信息，推送专业报告。","home_visible":1,"media_name":"泽平宏观","id":"49","head_image":"https://static.tigerbbs.com/947583bee22e443aa795464217837990"},"pubTimestamp":1651127570,"share":"https://ttm.financial/m/news/1176249216?lang=en_US&edition=fundamental","pubTime":"2022-04-28 14:32","market":"us","language":"zh","title":"How do investment gurus spend their darkest moments?","url":"https://stock-news.laohu8.com/highlight/detail?id=1176249216","media":"泽平宏观","summary":"在市场的至暗时刻，我们愿意传递理性、专业和信心。让我们看看那些世界级投资大师如何度过市场的至暗时刻，或许能给大家带来一些启发。","content":"<p><html><head></head><body>Buffett said, \"I am greedy when others panic, and I panic when others are greedy\".</p><p>What goes up is risk, and what goes down is opportunity. Real investors should be more pessimistic about good companies and stocks as they rise, and more optimistic as they fall. Investment is anti-human, so only a few people are destined to succeed. What we need to do is to improve our thinking and cognition. Investment is essentially the realization of cognition.</p><p>Regardless of individual stocks or the broader market, the bottom is not a point, but a range. If you buy early, you may experience the darkest moment, but buying cheap is the last word, and greatness comes through. Value investing is a friend of time.</p><p>In the darkest moments of the market, we are willing to convey rationality, professionalism and confidence.</p><p>Let's take a look at how those world-class investment gurus survive the darkest moments of the market, which may bring you some inspiration.</p><p><b>1. How Buffett spent his darkest moments</b><b>1.1 Don't be afraid of \"Black Monday\", decisively buy the bottom against the trend<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a></b></p><p>The U.S. stock market crashed on Black Monday, October 19, 1987.<b>The Dow Jones Industrial Average fell 508.32 points, or 22.62%. If calculated by market value, nearly 500 billion U.S. dollars evaporated on this day. The GDP of the United States that year was about 4.87 trillion, a single-day drop of more than 1/10 of GDP.</b>The plunge in U.S. stocks triggered a global financial tsunami, and the stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places plummeted one after another.</p><p><b>On this day, Warren Buffett lost $342 million. In a week, Buffett Holdings<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>· Hathaway's stock price plummeted 25%.</b>However, unlike ordinary investors, Buffett, who suffered a big loss, did not jump to sell stocks in a hurry, nor did he ask around for news. According to media reports,<b>All day long, he stayed quietly in the office as usual, making phone calls, reading newspapers and reading the annual reports of listed companies.</b></p><p>At the subsequent Buffett Group shareholders' meeting,<b>Some media asked him what the stock market crash in 1987 meant, and Buffett calmly replied at that time, \"Maybe it has risen too high.\" \"Long-term investment, be a friend of time\", \"Buy excellent companies at a reasonable price\", \"It is meaningless to predict the market, you should pay attention to the company itself\" and so on are all investment creeds put forward by Buffett at that time.</b></p><p>Buffett firmly believes that the stock market crash will pass, the stock market will return to normal, and the stock prices of high-quality companies will eventually reflect their intrinsic value. He strongly believes in his investment philosophy and strives to find companies that offer long-term sustainable competitive advantages.<b>After the stock market plummeted, the calm Buffett began to \"pick up bargains\". That is, in 1988, Buffett bought the good stock that will make him a lot of money in the next few decades-Coca-Cola.</b>Coca-Cola has been one of Buffett's heavyweight stocks since it first bought it in 1988.<b>In 2022, in the face of global financial market instability, Coca-Cola swimmed against the current and its share price hit a record high.</b></p><p><b>1.2 If you wait until the robin calls, you will miss the whole spring</b></p><p><b>When the financial crisis struck in 2008, at the darkest moment when the market was full of panic, Buffett wrote in October of that year<a href=\"https://laohu8.com/S/NYT\">The New York Times</a>\"Published the famous\" I'm Buying America \"</b>：</p><p>\"Both in the United States and elsewhere in the world, financial markets are in chaos. The financial crisis has penetrated into the overall economy, and now this penetration has become a blowout. In the near future, the unemployment rate will rise.<b>Business activity will stagnate and the headlines continue to be scary news. So I started buying US stocks.</b></p><p><b>Why? Because I follow a simple creed: I am afraid when others are greedy, and I am greedy when others are afraid.</b></p><p>Of course, in most cases, fear will spread, and even experienced investors can't resist this fear. Somewhat certainly, however, investors should be wary of over-leveraged entities or enterprises with weak competitive position.<b>But for many competitive companies, there is no need to worry about their long-term prospects. The profits of these companies will be ups and downs, but most big companies will set new profit records in 5, 10 and 20 years.</b></p><p><b>To clarify, I can't predict the short-term changes of the stock market, and I dare not say anything about the rise and fall of stocks in one month or one year. However, there is a situation that is likely to happen. Before the market regains confidence or the economy recovers, the stock market will rise, possibly sharply. If you wait until the robin calls, you will miss the whole spring. \"</b></p><p><b>Five months after the publication of \"I'm Buying America\", the U.S. stock market began a bottom out, ushering in a ten-year bull market. Buffett and his Berkshire once again achieved asset appreciation.</b>In the 12 years from 2009 to the end of 2021, the Dow Jones index rose from a low of 6,440 points to 36,952 points, an increase<b>5.7 times</b>； The S&P 500 rose from a low of 666 points to 4,818 points,<b>An increase of 7.23 times</b>； The Nasdaq index rose from a low of 1,265 points to 16,212 points,<b>An increase of 12.8 times</b>。</p><p><b>1.3 Investment quotes</b></p><p><b>1) You are afraid when others are greedy, and greedy when others are afraid.</b></p><p><b>2) When some large companies have a temporary crisis, or the stock market falls, and profitable trading prices appear, we should not hesitate to buy their stocks.</b></p><p><b>3) A good opportunity is the kind that screams for you to buy. For example, in 2008, asset prices became cheap, so you can't be afraid at this time. In your lifetime investment career, you can encounter this great opportunity of falling gold in the sky about 6 times.</b></p><p>4) The nice thing about investing is that you don't need to swing at every ball thrown. The trick to investing is to sit there and watch the balls thrown one by one, and<b>The one waiting to hit the best position.</b></p><p><b>5）</b>Good companies are subject to market reversals and unreasonable stock prices and fall, and great investment opportunities are coming.<b>I prefer to see the market fall. When it falls sharply, it is easier to buy good goods and make good use of money.</b></p><p><b>6) Invest in businesses rather than stocks. It is foolish to own a stock and expect it to rise tomorrow morning.</b></p><p><b>7) When a powerful large company encounters a huge but resolvable crisis, an excellent investment opportunity quietly comes.</b></p><p><b>2. How Munger spent his darkest moments</b><b>2.1 There are also difficult moments behind brilliant achievements. Investment must be good at \"waiting\". Greatness is achieved by enduring it</b></p><p>Munger is Buffett's golden partner and vice chairman of Berkshire Hathaway. He and Buffett joined forces to create the history of<b>The best investment record-an average annual compound rate of return of more than 20%.</b></p><p><b>There are also difficult moments behind the brilliant investment achievements. Munger lost 31.9% in 1973,</b>In contrast, the Dow Jones Industrial Average fell 13.1%; In 1974, it lost 31.5%, and the Dow Jones index fell 23.1%. Referring to those two years, Munger himself later said: \"It was a difficult experience-1973-1974 was a very unpleasant experience.\"</p><p>But despite this, looking back at that decline, Munger<b>I still believe that most stock prices have fallen to drooling lows in those two years, which is a very good opportunity.</b>He even lamented that he and Buffett might never see these opportunities again. \"We were crushed by the market between 1973 and 1974 because our stocks had to trade at less than half of their real value,\" Munger said.</p><p><b>The right choices made in the most difficult times will eventually pay off.</b>At the end of 1974, 61% of its money was invested in blue-chip stamping companies. In the worst bear market since the Great Depression, blue-chip printing companies brought a lot of pullback/retracement to Munger's portfolio. However, the blue-chip printing company later, as an important asset of the fund, provided a lot of funds for the subsequent acquisitions of See's Candy, Buffalo Evening News and Wesco Financial Company.</p><p><b>The secret of Munger's investment success is not to buy and sell to gain wealth, but to wait. Munger believes that if you want to make a lot of money, you have to be good at waiting. Rather look silly than go with the flow impatiently. Munger's investment wisdom is actually not a profound truth. The difficult thing is conscientious implementation and persistence. The waiting process is anti-human</b>，<b>A lot of people can't do it.</b></p><p><b>One of the most important reasons why Buffett and Munger can become masters is that they understood the core truth at a very young age and persisted in it all their lives.</b>In Munger's view,<b>If you can't take the market downturn of more than 50% two or three times in a century, you're not fit to invest</b>, and compared with those investors who can rationally handle market fluctuations, they can only obtain relatively mediocre investment returns.</p><p>Under the guidance of Munger, Buffett has also iteratively updated his investments over the years. He is no longer obsessed with the early investment concept of \"low-priced cigarette butt stocks\", but broadens his horizons.<b>Invested<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Waiting for a group of technology growth companies, they also look around the world and invest in<a href=\"https://laohu8.com/S/002594\">BYD</a>Waiting for rising Chinese companies.</b></p><p><b>2.2 Investment quotes</b></p><p>1）<b>What Buffett and I did was, we bought things that were promising. Sometimes we have economic tailwinds, sometimes we have headwinds, but no matter what, we keep going</b>。</p><p>2) To invest, you don't need a lot of action, but rather<b>Plenty of patience</b>。</p><p><b>3) If you can't take the market's decline of more than 50% calmly, you are not suitable for investing.</b></p><p>4）<b>Learn to take a loss</b>You need the ability not to go crazy even when you suffer losses and face adversity.</p><p><b>3. How Howard Marks spent his darkest moments</b><b>3.1 Fully understand the \"routines\" of bull and bear markets, go against the trend and do not follow the crowd</b></p><p>Howard Marks is a famous investment guru and American<a href=\"https://laohu8.com/S/OAK\">Oaktree Capital</a>Founder of Management Ltd. When he first entered the industry, an old-timer told him a routine about the bull market. The old-timer said,<b>The bull market is actually very simple, divided into three stages</b>: first stage,<b>A few visionaries come to believe that everything will be better</b>； In the second stage, most investors realize that progress has indeed happened; And when it comes to the third stage,<b>Everyone asserts that everything will always be better-when consensus surpasses common sense, the bull market is over.</b></p><p>Howard Marks discovered the subprime mortgage crisis in 2008<b>A bear market also has three stages:</b>First, a few investors smelled the risk in the frenzy; Then most investors began to feel the deterioration of the situation;<b>In the end, everyone is immersed in pessimism, believing that the situation will only get worse, and the bear market may have seen its bottom.</b></p><p>Max believes that,<b>The key to successful investing is to go against the trend-not follow the crowd. The most interesting thing about investing is its contradiction. The most obvious things that everyone agrees with are often proved to be wrong. Only when most people don't see the value of the investment will the price be lower than the value. The key to success cannot be group judgment</b>, trends and group consensus are the factors that hinder success. Therefore, most investors are trend followers, while prominent investors are the opposite, they<b>Using second-level thinking</b>, avoid the same investment portfolio and carry out<b>Contrarian investment</b>。</p><p><b>3.2 Understand that the market is not completely \"effective\" and look for the perfect moment</b></p><p><b>The core logic that supports Max's courage to operate against the market is his understanding of market effectiveness.</b>The efficient market hypothesis holds that in the stock market with sound relevant laws, high transparency and sufficient competition, all available information has been timely, accurately and fully reflected in the asset price, unless there is market manipulation.<b>In Max's view, efficient market theory is not the whole truth of financial markets. The mainstream market is indeed becoming more and more effective, but its ineffectiveness will always be there.</b>Because people are a complex of rationality and sensibility, most people are driven by greed, fear, jealousy and other emotions that undermine objectivity and lead to major mistakes, so the market price given by people cannot be absolutely fair, that is, it will not always be valid or invalid.</p><p>In 2008, with the collapse of Lehman Brothers, people on Wall Street were panicked, and some even predicted that the entire financial system was about to collapse, and an asset selling frenzy followed.<b>But in the three months after Lehman's bankruptcy, Oaktree bucked the market and spent more than $6 billion to buy senior secured bonds of highly leveraged companies such as utilities at about 50% below their actual face value.</b>Eventually, with the arrival of the economic recovery, most of the bonds taken over were paid at face value within a few months,<b>Oaktree doubled its earnings and became one of the few big winners in the financial crisis.</b></p><p>Invested by Howard Marks<b>The way to success lies in that he is good at going against the trend, not panicking when the crisis comes, and operating against the market through his second-level thinking and understanding of market effectiveness.</b>Successful investments<b>It's not about \"buying good\", but about \"buying good\"</b>, namely<b>Buying below value, waiting for the asset price to move closer to value,</b>It is the true meaning of investment and the most reliable way to make money.</p><p><b>3.3 Investment quotes</b></p><p>1）<b>Excellence in investing requires a second level of thinking, a more complex and insightful way of thinking that is different from ordinary people.</b>What is Second Level Thinking?</p><p><b>The first level of thinking says: The company will have the prospect of sluggish growth and increased inflation. Let's dump the stock. The second level of thinking says: The company's prospects are terrible, but everyone is selling stocks in a panic, so we should buy them.</b></p><p>The first level of thinking says: The profits of this company will fall, sell. The second level of thinking says: The company's profits will fall less than people expect, and there will be unexpected surprises that will boost the stock. Buy in.</p><p>The first level of thinking says: This is a good company, let's buy stocks. The second level of thinking says: This is a good company, but everyone thinks it is a good company, so it is not a good company. The stock is overvalued and overpriced, let's sell the stock.</p><p><b>The first level of thinking is simple and superficial, and almost everyone can do it. The second level of thinking is deep, complex and circuitous.</b></p><p>2）<b>You can't expect to win while doing the same thing as someone else</b>Breaking through the routine is not the goal, but a good way of thinking. When there is a crisis, to make money:<b>First, you must have money, second, you must have the courage, dare to invest this money</b>。 When you have both, this is the formula for success.</p><p>3) To some extent,<b>Trends, group consensus are factors that hinder success</b>, similar investment portfolios are what we want to avoid. Due to the pendulum swing of the market or the periodicity of the market, obtaining<b>The key to ultimate victory lies in contrarian investing.</b></p><p>4）<b>Keep in mind that everything has a cycle. The cycle always wins at the end. Nothing can go in the same direction forever. Trees don't grow to the sky. Very few things go to zero. Insisting on speculating on the future based on today's events is the greatest harm to investors' investment activities.</b></p><p>5）<b>The mood swings in the securities market are similar to pendulum movements.</b>When things are good and prices are high, investors can't wait to buy, leaving all caution behind them. When the surrounding environment is chaotic and assets are cheap to sell, investors completely lose the willingness to take risks and can't wait to sell. Forever.</p><p><b>4. How Dario spent his darkest moments</b><b>4.1 Bridgewater Fund's all-weather strategy emphasizes proactively grasping appropriate market opportunities</b></p><p>Dario is the founder of Bridgewater Fund, the world's largest hedge fund, with an asset management scale of over 200 billion US dollars.</p><p>Dario proposed an \"all-weather strategy\" and emphasized the use of<b>Scientific and economic quantitative models for active asset management</b>, fusion<b>Macroeconomic prediction, asset class selection, portfolio risk management</b>Three major areas, create a complete asset management system. By analyzing the macroeconomic environment, we divide different stages according to the level of economic growth and inflation, find asset classes suitable for each state, and then allocate stocks, commodities and bonds to construct the final investment portfolio.</p><p><b>4.2 Responding to the crisis: Instead of complaining about the danger, seize the opportunity</b></p><p><b>Dalio proved to many investors that instead of complaining passively about the market, it is better to actively respond to risks, adjust investment mentality according to market conditions, and reconstruct investment portfolios. Bridgewater Fund has performed well in many crises.</b></p><p><b>Black Monday 1987</b>, Dario's Bridgewater Fund bucks the trend<b>Earn a high return of 22%.</b></p><p><b>Year 2008</b>, the hedge fund industry as a whole is bleak, and the performance of many funds is very poor. Many prominent financial institutions were at risk, Lehman Brothers collapsed and Bear Stearns was taken over by other financial institutions.<b>Bridgewater bucked the trend and achieved a positive return of 14%.</b></p><p><b>The sovereign debt crisis broke out in Europe in 2010, and the overall performance of the industry was also very bleak, but Bridgewater</b>Outperforming again.<b>Its \"Pure Alpha Fund\", with a scale of US $70 billion, gained 45% of the income in 2010.</b>This year, Bridgewater's overall rate of return also reached a record high.</p><p><b>Crisis can make people grow. Crisis is both danger and opportunity, and there is opportunity in danger. Easier said than done, but Dario really did this, turning danger into opportunity, and gaining high profits in the market turmoil.</b></p><p>In<b>Principles</b>In a book, Dalio shares three things he learned during the market crash:</p><p><b>First, you shouldn't be outrageously overconfident and indulge yourself to be swayed by emotions.</b>No matter how much I know, no matter how diligent I am, I should never be confident in making absolute assertions.</p><p>Second, I realize again that<b>The value of studying history</b>；</p><p>And third,<b>Timing the market is difficult, though for most</b>。</p><p><b>4.3 Investment quotes</b></p><p>1) Committed by investors<b>The biggest mistake is to think that what happened recently is likely to last.</b></p><p><b>2) I'm not immersed in the moment.</b></p><p><b>3）</b>Investors are always prone to making the decision to sell when the market falls. Yielding to fear is not a wise strategy, because it won't be successful. On the contrary, when the market is down, investors need to do the opposite operation:<b>When you stop feeling fear, you may need to sell; When you feel fear, you may need to buy.</b></p><p><b>4）</b>Wise people always focus on solid fundamentals when going through all kinds of ups and downs, and<b>Flirtatious people follow their feelings, react emotionally, rush to hot things, and give up immediately when they are not hot.</b></p><p><b>5. How Graham spent his darkest moments</b><b>5.1 Buy at low prices + risk protection, do not withdraw to deal with the stock market downturn</b></p><p>Benjamin Graham has the reputation of \"The Godfather of Wall Street\". His representative works include \"Securities Analysis\", \"Smart Investor\", etc. He believes that the world is<b>There is no way to get rich overnight, and often the easiest way is the best way.</b>He suggested that investors should hold a correct attitude, believe in common sense judgment and think for themselves.<b>An investor must not only have good enterprise analysis and judgment ability, but also have a rational ability to isolate his thoughts and behaviors from those emotions hovering in the market in order to achieve investment success.</b></p><p>In 1936, Wall Street fell into another downturn, and for most investors, it was about to face another round of severe tests.<b>At this time, Graham did not fall into pessimism like other investors, but made full use of stock investment analysis methods to search for stocks worth investing in.</b>He does not pay attention to predicting the future trend of the securities market or the future prospects of individual stocks based on the past performance of individual stocks, but mainly<b>Take whether the stock market value is lower than its intrinsic value as the judgment criterion</b>, especially those stocks below their liquidation value are the focus of his attention.</p><p><b>Graham bought a large number of penny stocks for Graham Newman during the stock market downturn,</b>Moreover, as before the stock market crash of 1929, Graham took various hedging measures for various investments. This time, he protected his assets more comprehensively.<b>On the one hand, Graham adopts the method of diversifying investment to avoid risks; on the other hand, he invests in preferred shares, uses preferred shares to obtain low-interest financing, and at the same time, he can obtain about half of the dividend, while ordinary shares are not guaranteed to have dividends, so as to achieve the purpose of avoiding risks.</b></p><p>Graham's investment strategies and investment skills not only show the ability to resist the persistent low tide, but also show the ability to make profits in a weak market.<b>When the stock market began to reverse, Graham bought a large number of penny stocks during the stock market downturn, thus reaping huge returns.</b>Between 1936 and 1941, despite the general downward trend of the stock market, Graham Newman's average annual return on investment during this period greatly exceeded the performance of S&P stocks during the same period, which lost an average of 0.6%.</p><p>Looking at the longer timeline,<b>From 1936 to 1956, Graham recorded an average annual return on investment of no less than 14.7%.</b>, can rank among the best long-term yields on Wall Street ever.</p><p><b>5.2 Investment quotes</b></p><p><b>1) The bull market is the main reason why ordinary investors lose money.</b></p><p>2) Buying stocks is part of buying a business.</p><p>3) The market always swings between excessive excitement and excessive pessimism,<b>Smart investors buy from overly pessimistic people and sell to overly excited people.</b></p><p>4) Your own performance can affect investment returns far more than the performance of the security itself.</p><p>5) Haggle over every ounce about stock prices, like shopping in a supermarket, not like buying cosmetics.</p><p><b>6) Rising stocks increase rather than decrease risk, and falling stocks decrease rather than increase risk.</b></p><p>7) In a bull market, it is difficult to see listed companies holding more cash than their stock prices, but<b>There are more opportunities than expected in a bear market, so seize them.</b></p><p>8) The most practical difference between investors and speculators lies in their attitude towards stock market movements: speculators are mainly interested in participating in market fluctuations and making profits from them.<b>Investors' interest is mainly in acquiring and holding the right stocks at the right price.</b></p><p><b>9) The average investor believes that in order to avoid investment risks, it is best to withdraw from the stock market and liquidate positions. But leaving the stock market isn't the best way to deal with a stock market downturn.</b></p><p><b>6. How Peter Lynch spent his darkest moments</b><b>6.1 Refuse to sell-off dominated by fear</b></p><p>Peter Lynch is a preeminent stock investor and securities fund manager. Peter Lynch managed the Magellan Fund for 13 years from 1977 to 1990, creating an investing miracle and myth.<b>Magellan Fund's assets under management grew from $20 million to $14 billion</b>, the fund had more than 1 million holders, making it the mutual fund with the largest amount of asset management in the world at that time.</p><p><b>The Magellan Fund managed by Lynch has a compound annualized rate of return of 29% in 13 years. But on October 19, 1987, the Magellan Fund lost 18% of its net asset value, a loss of up to $2 billion. Under the panic, investors rushed to redeem, resulting in the redemption share of Magellan Fund reaching 1.3 billion in October, while the share bought was only 689 million.</b></p><p><b>In his book \"Peter Lynch's Successful Investment\", he recorded his mental journey during the stock market crash in 1987: \"At that moment, I really wasn't sure whether it was the end of the world, or whether we were about to fall into a serious Great Depression, or maybe things didn't get that bad\". Lynch concluded that this stock market crash taught him many lessons:</b></p><p><b>One is that investors should ignore the ups and downs of the stock market. If you sell stocks in desperation during a stock market crash, your selling price will often be very low.</b></p><p><b>Second, even if you are panicked, you should stay awake.</b>Instead of selling so much at once, you should gradually reduce your holdings, so as to ultimately get a higher investment return than those investors who sell all their stocks due to panic.</p><p><b>Third, in the end, excellent companies will win, while ordinary companies will fail, and investors who invest in these two completely different types of companies will get completely different returns accordingly.</b>And it turns out that this is true.<b>By June 1988, the market had rebounded more than 400 points, a 23% recovery. If it had been sold in October 1987, the loss would have been painful.</b></p><p><b>6.2 Investment quotes</b></p><p>1) The stock market crash is as common as the January snowstorm in Colorado. If you are prepared, it won't affect you much.<b>The stock market crash is actually a great opportunity to buy stocks. At that time, frightened investors sell their stocks and the stock price is naturally very low</b>, you can take the opportunity to pick a lot of cheap stocks.</p><p><b>2) Usually, company performance has nothing to do with stock prices for months or even years. But in the long run, there is 100% correlation between the two.</b>This difference is the key to making money. To<b>Be patient and hold good stocks.</b></p><p><b>3) Everyone has the brain to make money in the stock market. But not everyone has the courage. You should stay away from stocks and funds if it's easy for you to sell stocks when the stock market is panicking.</b></p><p><b>4）</b>When you invest short-term, you can only earn 90%,<b>When you invest for the long term, you can earn ten times.</b></p><p><b>5) The historical law of stock market fluctuations tells us that all big declines will pass and the stock market will always rise higher.</b>Historical experience also shows that<b>The stock market crash is actually a good opportunity to release risks and create investment. You can buy those excellent company stocks at very low prices.</b></p><p>6）<b>Emotions can be a real performance killer,</b>A falling market can easily make you sell in a panic, or a skyrocketing market can easily make you greedily snap up overvalued stocks.</p><p>7) The real reason for the stock market crash, whether from the perspective of historical experience or from statistical indicators such as P/E and Dividend yields, the market at that time had risen too much.</p><p>8) People only remember that during the stock market crash, the stock market plummeted by 1,000 points in two months, half of which fell in one day, but they forget that in the nine months before the stock market crash, the stock market rose. More than 1,000 points.</p><p><b>7. How John Templeton spent his darkest hour</b><b>7.1 The Road to Contrarian Investment</b></p><p>John Templeton, along with George Soros, Peter Lynch and Warren Buffett, is ranked among the four legendary investors in the world, and is called the \"Father of Global Investment\" by Forbes magazine.</p><p>As the most famous contrarian investor of the last century, Templeton's investment method is summarized as,<b>\"Buy at the lows of the Great Depression, sell at the crazy irrational highs, and navigate the two with ease\". He sorts out and seeks countries and industries that have bottomed out but have excellent prospects around the world, and his investment targets are companies that have been ignored by the public.</b>As a contrarian value investor, Templeton believes that stocks that are completely ignored are the most exciting bargains-especially those that investors haven't studied yet.</p><p><b>From zero to one, from one to one hundred, he often takes low in and high out to the extreme, and invests against the trend at the \"maximum pessimistic point\".</b>In 1937, at the height of the Great Depression, Templeton formed his own company, Templeton, Dobbrow & Vance (TDV).<b>In 1939, amid the double terror of the Great Depression and the war, 36-year-old Templeton relied on a loan of $10,000 to buy 104 companies, each with 100 shares.</b>A few years later, the value of the entire portfolio recovered significantly, with the success of 100 companies earning Templeton the first pot of gold.<b>By 1967, his management had exceeded $400 million.</b>Templeton founded the largest and most successful Templeton mutual fund group in the world. Moreover, his fund company never hired salespeople and relied entirely on investment performance to attract customers.<b>In 1992, his assets under management were as high as $22 billion.</b></p><p><b>Sort out and seek countries and industries that have bottomed out but have excellent prospects on a global scale.</b>Between the 1960s and 1970s, Templeton was one of the first American fund managers to invest in Japan. He<b>Buy Japanese stocks at lower prices</b>, seized the opportunity before other investors, and after he bought, Japanese stocks soared all the way.<b>Later, he discovered that Japan's stock market was overvalued</b>, told shareholders in 1988 that Japan's stock market would shrink by 50% or more. At the same time, he found new investment opportunities,<b>Return to the United States.</b></p><p><b>7.2 Investment quotes</b></p><p><b>1) Street blood spattering is the best time to buy.</b></p><p><b>2) A bull market is born in pessimism, grows in doubt, matures in optimism, and dies in excitement.</b></p><p>3) Even if everyone around you is selling, you don't have to follow because<b>The best time to sell is before the stock market crashes, not after.</b></p><p>4) You should review your portfolio,<b>The only reason to sell existing stocks is that there are more attractive stocks,</b>If not, you should continue to hold the shares in hand.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How do investment gurus spend their darkest moments?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow do investment gurus spend their darkest moments?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/49\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/947583bee22e443aa795464217837990);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">泽平宏观 </p>\n<p class=\"h-time smaller\">2022-04-28 14:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Buffett said, \"I am greedy when others panic, and I panic when others are greedy\".</p><p>What goes up is risk, and what goes down is opportunity. Real investors should be more pessimistic about good companies and stocks as they rise, and more optimistic as they fall. Investment is anti-human, so only a few people are destined to succeed. What we need to do is to improve our thinking and cognition. Investment is essentially the realization of cognition.</p><p>Regardless of individual stocks or the broader market, the bottom is not a point, but a range. If you buy early, you may experience the darkest moment, but buying cheap is the last word, and greatness comes through. Value investing is a friend of time.</p><p>In the darkest moments of the market, we are willing to convey rationality, professionalism and confidence.</p><p>Let's take a look at how those world-class investment gurus survive the darkest moments of the market, which may bring you some inspiration.</p><p><b>1. How Buffett spent his darkest moments</b><b>1.1 Don't be afraid of \"Black Monday\", decisively buy the bottom against the trend<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a></b></p><p>The U.S. stock market crashed on Black Monday, October 19, 1987.<b>The Dow Jones Industrial Average fell 508.32 points, or 22.62%. If calculated by market value, nearly 500 billion U.S. dollars evaporated on this day. The GDP of the United States that year was about 4.87 trillion, a single-day drop of more than 1/10 of GDP.</b>The plunge in U.S. stocks triggered a global financial tsunami, and the stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places plummeted one after another.</p><p><b>On this day, Warren Buffett lost $342 million. In a week, Buffett Holdings<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>· Hathaway's stock price plummeted 25%.</b>However, unlike ordinary investors, Buffett, who suffered a big loss, did not jump to sell stocks in a hurry, nor did he ask around for news. According to media reports,<b>All day long, he stayed quietly in the office as usual, making phone calls, reading newspapers and reading the annual reports of listed companies.</b></p><p>At the subsequent Buffett Group shareholders' meeting,<b>Some media asked him what the stock market crash in 1987 meant, and Buffett calmly replied at that time, \"Maybe it has risen too high.\" \"Long-term investment, be a friend of time\", \"Buy excellent companies at a reasonable price\", \"It is meaningless to predict the market, you should pay attention to the company itself\" and so on are all investment creeds put forward by Buffett at that time.</b></p><p>Buffett firmly believes that the stock market crash will pass, the stock market will return to normal, and the stock prices of high-quality companies will eventually reflect their intrinsic value. He strongly believes in his investment philosophy and strives to find companies that offer long-term sustainable competitive advantages.<b>After the stock market plummeted, the calm Buffett began to \"pick up bargains\". That is, in 1988, Buffett bought the good stock that will make him a lot of money in the next few decades-Coca-Cola.</b>Coca-Cola has been one of Buffett's heavyweight stocks since it first bought it in 1988.<b>In 2022, in the face of global financial market instability, Coca-Cola swimmed against the current and its share price hit a record high.</b></p><p><b>1.2 If you wait until the robin calls, you will miss the whole spring</b></p><p><b>When the financial crisis struck in 2008, at the darkest moment when the market was full of panic, Buffett wrote in October of that year<a href=\"https://laohu8.com/S/NYT\">The New York Times</a>\"Published the famous\" I'm Buying America \"</b>：</p><p>\"Both in the United States and elsewhere in the world, financial markets are in chaos. The financial crisis has penetrated into the overall economy, and now this penetration has become a blowout. In the near future, the unemployment rate will rise.<b>Business activity will stagnate and the headlines continue to be scary news. So I started buying US stocks.</b></p><p><b>Why? Because I follow a simple creed: I am afraid when others are greedy, and I am greedy when others are afraid.</b></p><p>Of course, in most cases, fear will spread, and even experienced investors can't resist this fear. Somewhat certainly, however, investors should be wary of over-leveraged entities or enterprises with weak competitive position.<b>But for many competitive companies, there is no need to worry about their long-term prospects. The profits of these companies will be ups and downs, but most big companies will set new profit records in 5, 10 and 20 years.</b></p><p><b>To clarify, I can't predict the short-term changes of the stock market, and I dare not say anything about the rise and fall of stocks in one month or one year. However, there is a situation that is likely to happen. Before the market regains confidence or the economy recovers, the stock market will rise, possibly sharply. If you wait until the robin calls, you will miss the whole spring. \"</b></p><p><b>Five months after the publication of \"I'm Buying America\", the U.S. stock market began a bottom out, ushering in a ten-year bull market. Buffett and his Berkshire once again achieved asset appreciation.</b>In the 12 years from 2009 to the end of 2021, the Dow Jones index rose from a low of 6,440 points to 36,952 points, an increase<b>5.7 times</b>； The S&P 500 rose from a low of 666 points to 4,818 points,<b>An increase of 7.23 times</b>； The Nasdaq index rose from a low of 1,265 points to 16,212 points,<b>An increase of 12.8 times</b>。</p><p><b>1.3 Investment quotes</b></p><p><b>1) You are afraid when others are greedy, and greedy when others are afraid.</b></p><p><b>2) When some large companies have a temporary crisis, or the stock market falls, and profitable trading prices appear, we should not hesitate to buy their stocks.</b></p><p><b>3) A good opportunity is the kind that screams for you to buy. For example, in 2008, asset prices became cheap, so you can't be afraid at this time. In your lifetime investment career, you can encounter this great opportunity of falling gold in the sky about 6 times.</b></p><p>4) The nice thing about investing is that you don't need to swing at every ball thrown. The trick to investing is to sit there and watch the balls thrown one by one, and<b>The one waiting to hit the best position.</b></p><p><b>5）</b>Good companies are subject to market reversals and unreasonable stock prices and fall, and great investment opportunities are coming.<b>I prefer to see the market fall. When it falls sharply, it is easier to buy good goods and make good use of money.</b></p><p><b>6) Invest in businesses rather than stocks. It is foolish to own a stock and expect it to rise tomorrow morning.</b></p><p><b>7) When a powerful large company encounters a huge but resolvable crisis, an excellent investment opportunity quietly comes.</b></p><p><b>2. How Munger spent his darkest moments</b><b>2.1 There are also difficult moments behind brilliant achievements. Investment must be good at \"waiting\". Greatness is achieved by enduring it</b></p><p>Munger is Buffett's golden partner and vice chairman of Berkshire Hathaway. He and Buffett joined forces to create the history of<b>The best investment record-an average annual compound rate of return of more than 20%.</b></p><p><b>There are also difficult moments behind the brilliant investment achievements. Munger lost 31.9% in 1973,</b>In contrast, the Dow Jones Industrial Average fell 13.1%; In 1974, it lost 31.5%, and the Dow Jones index fell 23.1%. Referring to those two years, Munger himself later said: \"It was a difficult experience-1973-1974 was a very unpleasant experience.\"</p><p>But despite this, looking back at that decline, Munger<b>I still believe that most stock prices have fallen to drooling lows in those two years, which is a very good opportunity.</b>He even lamented that he and Buffett might never see these opportunities again. \"We were crushed by the market between 1973 and 1974 because our stocks had to trade at less than half of their real value,\" Munger said.</p><p><b>The right choices made in the most difficult times will eventually pay off.</b>At the end of 1974, 61% of its money was invested in blue-chip stamping companies. In the worst bear market since the Great Depression, blue-chip printing companies brought a lot of pullback/retracement to Munger's portfolio. However, the blue-chip printing company later, as an important asset of the fund, provided a lot of funds for the subsequent acquisitions of See's Candy, Buffalo Evening News and Wesco Financial Company.</p><p><b>The secret of Munger's investment success is not to buy and sell to gain wealth, but to wait. Munger believes that if you want to make a lot of money, you have to be good at waiting. Rather look silly than go with the flow impatiently. Munger's investment wisdom is actually not a profound truth. The difficult thing is conscientious implementation and persistence. The waiting process is anti-human</b>，<b>A lot of people can't do it.</b></p><p><b>One of the most important reasons why Buffett and Munger can become masters is that they understood the core truth at a very young age and persisted in it all their lives.</b>In Munger's view,<b>If you can't take the market downturn of more than 50% two or three times in a century, you're not fit to invest</b>, and compared with those investors who can rationally handle market fluctuations, they can only obtain relatively mediocre investment returns.</p><p>Under the guidance of Munger, Buffett has also iteratively updated his investments over the years. He is no longer obsessed with the early investment concept of \"low-priced cigarette butt stocks\", but broadens his horizons.<b>Invested<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Waiting for a group of technology growth companies, they also look around the world and invest in<a href=\"https://laohu8.com/S/002594\">BYD</a>Waiting for rising Chinese companies.</b></p><p><b>2.2 Investment quotes</b></p><p>1）<b>What Buffett and I did was, we bought things that were promising. Sometimes we have economic tailwinds, sometimes we have headwinds, but no matter what, we keep going</b>。</p><p>2) To invest, you don't need a lot of action, but rather<b>Plenty of patience</b>。</p><p><b>3) If you can't take the market's decline of more than 50% calmly, you are not suitable for investing.</b></p><p>4）<b>Learn to take a loss</b>You need the ability not to go crazy even when you suffer losses and face adversity.</p><p><b>3. How Howard Marks spent his darkest moments</b><b>3.1 Fully understand the \"routines\" of bull and bear markets, go against the trend and do not follow the crowd</b></p><p>Howard Marks is a famous investment guru and American<a href=\"https://laohu8.com/S/OAK\">Oaktree Capital</a>Founder of Management Ltd. When he first entered the industry, an old-timer told him a routine about the bull market. The old-timer said,<b>The bull market is actually very simple, divided into three stages</b>: first stage,<b>A few visionaries come to believe that everything will be better</b>； In the second stage, most investors realize that progress has indeed happened; And when it comes to the third stage,<b>Everyone asserts that everything will always be better-when consensus surpasses common sense, the bull market is over.</b></p><p>Howard Marks discovered the subprime mortgage crisis in 2008<b>A bear market also has three stages:</b>First, a few investors smelled the risk in the frenzy; Then most investors began to feel the deterioration of the situation;<b>In the end, everyone is immersed in pessimism, believing that the situation will only get worse, and the bear market may have seen its bottom.</b></p><p>Max believes that,<b>The key to successful investing is to go against the trend-not follow the crowd. The most interesting thing about investing is its contradiction. The most obvious things that everyone agrees with are often proved to be wrong. Only when most people don't see the value of the investment will the price be lower than the value. The key to success cannot be group judgment</b>, trends and group consensus are the factors that hinder success. Therefore, most investors are trend followers, while prominent investors are the opposite, they<b>Using second-level thinking</b>, avoid the same investment portfolio and carry out<b>Contrarian investment</b>。</p><p><b>3.2 Understand that the market is not completely \"effective\" and look for the perfect moment</b></p><p><b>The core logic that supports Max's courage to operate against the market is his understanding of market effectiveness.</b>The efficient market hypothesis holds that in the stock market with sound relevant laws, high transparency and sufficient competition, all available information has been timely, accurately and fully reflected in the asset price, unless there is market manipulation.<b>In Max's view, efficient market theory is not the whole truth of financial markets. The mainstream market is indeed becoming more and more effective, but its ineffectiveness will always be there.</b>Because people are a complex of rationality and sensibility, most people are driven by greed, fear, jealousy and other emotions that undermine objectivity and lead to major mistakes, so the market price given by people cannot be absolutely fair, that is, it will not always be valid or invalid.</p><p>In 2008, with the collapse of Lehman Brothers, people on Wall Street were panicked, and some even predicted that the entire financial system was about to collapse, and an asset selling frenzy followed.<b>But in the three months after Lehman's bankruptcy, Oaktree bucked the market and spent more than $6 billion to buy senior secured bonds of highly leveraged companies such as utilities at about 50% below their actual face value.</b>Eventually, with the arrival of the economic recovery, most of the bonds taken over were paid at face value within a few months,<b>Oaktree doubled its earnings and became one of the few big winners in the financial crisis.</b></p><p>Invested by Howard Marks<b>The way to success lies in that he is good at going against the trend, not panicking when the crisis comes, and operating against the market through his second-level thinking and understanding of market effectiveness.</b>Successful investments<b>It's not about \"buying good\", but about \"buying good\"</b>, namely<b>Buying below value, waiting for the asset price to move closer to value,</b>It is the true meaning of investment and the most reliable way to make money.</p><p><b>3.3 Investment quotes</b></p><p>1）<b>Excellence in investing requires a second level of thinking, a more complex and insightful way of thinking that is different from ordinary people.</b>What is Second Level Thinking?</p><p><b>The first level of thinking says: The company will have the prospect of sluggish growth and increased inflation. Let's dump the stock. The second level of thinking says: The company's prospects are terrible, but everyone is selling stocks in a panic, so we should buy them.</b></p><p>The first level of thinking says: The profits of this company will fall, sell. The second level of thinking says: The company's profits will fall less than people expect, and there will be unexpected surprises that will boost the stock. Buy in.</p><p>The first level of thinking says: This is a good company, let's buy stocks. The second level of thinking says: This is a good company, but everyone thinks it is a good company, so it is not a good company. The stock is overvalued and overpriced, let's sell the stock.</p><p><b>The first level of thinking is simple and superficial, and almost everyone can do it. The second level of thinking is deep, complex and circuitous.</b></p><p>2）<b>You can't expect to win while doing the same thing as someone else</b>Breaking through the routine is not the goal, but a good way of thinking. When there is a crisis, to make money:<b>First, you must have money, second, you must have the courage, dare to invest this money</b>。 When you have both, this is the formula for success.</p><p>3) To some extent,<b>Trends, group consensus are factors that hinder success</b>, similar investment portfolios are what we want to avoid. Due to the pendulum swing of the market or the periodicity of the market, obtaining<b>The key to ultimate victory lies in contrarian investing.</b></p><p>4）<b>Keep in mind that everything has a cycle. The cycle always wins at the end. Nothing can go in the same direction forever. Trees don't grow to the sky. Very few things go to zero. Insisting on speculating on the future based on today's events is the greatest harm to investors' investment activities.</b></p><p>5）<b>The mood swings in the securities market are similar to pendulum movements.</b>When things are good and prices are high, investors can't wait to buy, leaving all caution behind them. When the surrounding environment is chaotic and assets are cheap to sell, investors completely lose the willingness to take risks and can't wait to sell. Forever.</p><p><b>4. How Dario spent his darkest moments</b><b>4.1 Bridgewater Fund's all-weather strategy emphasizes proactively grasping appropriate market opportunities</b></p><p>Dario is the founder of Bridgewater Fund, the world's largest hedge fund, with an asset management scale of over 200 billion US dollars.</p><p>Dario proposed an \"all-weather strategy\" and emphasized the use of<b>Scientific and economic quantitative models for active asset management</b>, fusion<b>Macroeconomic prediction, asset class selection, portfolio risk management</b>Three major areas, create a complete asset management system. By analyzing the macroeconomic environment, we divide different stages according to the level of economic growth and inflation, find asset classes suitable for each state, and then allocate stocks, commodities and bonds to construct the final investment portfolio.</p><p><b>4.2 Responding to the crisis: Instead of complaining about the danger, seize the opportunity</b></p><p><b>Dalio proved to many investors that instead of complaining passively about the market, it is better to actively respond to risks, adjust investment mentality according to market conditions, and reconstruct investment portfolios. Bridgewater Fund has performed well in many crises.</b></p><p><b>Black Monday 1987</b>, Dario's Bridgewater Fund bucks the trend<b>Earn a high return of 22%.</b></p><p><b>Year 2008</b>, the hedge fund industry as a whole is bleak, and the performance of many funds is very poor. Many prominent financial institutions were at risk, Lehman Brothers collapsed and Bear Stearns was taken over by other financial institutions.<b>Bridgewater bucked the trend and achieved a positive return of 14%.</b></p><p><b>The sovereign debt crisis broke out in Europe in 2010, and the overall performance of the industry was also very bleak, but Bridgewater</b>Outperforming again.<b>Its \"Pure Alpha Fund\", with a scale of US $70 billion, gained 45% of the income in 2010.</b>This year, Bridgewater's overall rate of return also reached a record high.</p><p><b>Crisis can make people grow. Crisis is both danger and opportunity, and there is opportunity in danger. Easier said than done, but Dario really did this, turning danger into opportunity, and gaining high profits in the market turmoil.</b></p><p>In<b>Principles</b>In a book, Dalio shares three things he learned during the market crash:</p><p><b>First, you shouldn't be outrageously overconfident and indulge yourself to be swayed by emotions.</b>No matter how much I know, no matter how diligent I am, I should never be confident in making absolute assertions.</p><p>Second, I realize again that<b>The value of studying history</b>；</p><p>And third,<b>Timing the market is difficult, though for most</b>。</p><p><b>4.3 Investment quotes</b></p><p>1) Committed by investors<b>The biggest mistake is to think that what happened recently is likely to last.</b></p><p><b>2) I'm not immersed in the moment.</b></p><p><b>3）</b>Investors are always prone to making the decision to sell when the market falls. Yielding to fear is not a wise strategy, because it won't be successful. On the contrary, when the market is down, investors need to do the opposite operation:<b>When you stop feeling fear, you may need to sell; When you feel fear, you may need to buy.</b></p><p><b>4）</b>Wise people always focus on solid fundamentals when going through all kinds of ups and downs, and<b>Flirtatious people follow their feelings, react emotionally, rush to hot things, and give up immediately when they are not hot.</b></p><p><b>5. How Graham spent his darkest moments</b><b>5.1 Buy at low prices + risk protection, do not withdraw to deal with the stock market downturn</b></p><p>Benjamin Graham has the reputation of \"The Godfather of Wall Street\". His representative works include \"Securities Analysis\", \"Smart Investor\", etc. He believes that the world is<b>There is no way to get rich overnight, and often the easiest way is the best way.</b>He suggested that investors should hold a correct attitude, believe in common sense judgment and think for themselves.<b>An investor must not only have good enterprise analysis and judgment ability, but also have a rational ability to isolate his thoughts and behaviors from those emotions hovering in the market in order to achieve investment success.</b></p><p>In 1936, Wall Street fell into another downturn, and for most investors, it was about to face another round of severe tests.<b>At this time, Graham did not fall into pessimism like other investors, but made full use of stock investment analysis methods to search for stocks worth investing in.</b>He does not pay attention to predicting the future trend of the securities market or the future prospects of individual stocks based on the past performance of individual stocks, but mainly<b>Take whether the stock market value is lower than its intrinsic value as the judgment criterion</b>, especially those stocks below their liquidation value are the focus of his attention.</p><p><b>Graham bought a large number of penny stocks for Graham Newman during the stock market downturn,</b>Moreover, as before the stock market crash of 1929, Graham took various hedging measures for various investments. This time, he protected his assets more comprehensively.<b>On the one hand, Graham adopts the method of diversifying investment to avoid risks; on the other hand, he invests in preferred shares, uses preferred shares to obtain low-interest financing, and at the same time, he can obtain about half of the dividend, while ordinary shares are not guaranteed to have dividends, so as to achieve the purpose of avoiding risks.</b></p><p>Graham's investment strategies and investment skills not only show the ability to resist the persistent low tide, but also show the ability to make profits in a weak market.<b>When the stock market began to reverse, Graham bought a large number of penny stocks during the stock market downturn, thus reaping huge returns.</b>Between 1936 and 1941, despite the general downward trend of the stock market, Graham Newman's average annual return on investment during this period greatly exceeded the performance of S&P stocks during the same period, which lost an average of 0.6%.</p><p>Looking at the longer timeline,<b>From 1936 to 1956, Graham recorded an average annual return on investment of no less than 14.7%.</b>, can rank among the best long-term yields on Wall Street ever.</p><p><b>5.2 Investment quotes</b></p><p><b>1) The bull market is the main reason why ordinary investors lose money.</b></p><p>2) Buying stocks is part of buying a business.</p><p>3) The market always swings between excessive excitement and excessive pessimism,<b>Smart investors buy from overly pessimistic people and sell to overly excited people.</b></p><p>4) Your own performance can affect investment returns far more than the performance of the security itself.</p><p>5) Haggle over every ounce about stock prices, like shopping in a supermarket, not like buying cosmetics.</p><p><b>6) Rising stocks increase rather than decrease risk, and falling stocks decrease rather than increase risk.</b></p><p>7) In a bull market, it is difficult to see listed companies holding more cash than their stock prices, but<b>There are more opportunities than expected in a bear market, so seize them.</b></p><p>8) The most practical difference between investors and speculators lies in their attitude towards stock market movements: speculators are mainly interested in participating in market fluctuations and making profits from them.<b>Investors' interest is mainly in acquiring and holding the right stocks at the right price.</b></p><p><b>9) The average investor believes that in order to avoid investment risks, it is best to withdraw from the stock market and liquidate positions. But leaving the stock market isn't the best way to deal with a stock market downturn.</b></p><p><b>6. How Peter Lynch spent his darkest moments</b><b>6.1 Refuse to sell-off dominated by fear</b></p><p>Peter Lynch is a preeminent stock investor and securities fund manager. Peter Lynch managed the Magellan Fund for 13 years from 1977 to 1990, creating an investing miracle and myth.<b>Magellan Fund's assets under management grew from $20 million to $14 billion</b>, the fund had more than 1 million holders, making it the mutual fund with the largest amount of asset management in the world at that time.</p><p><b>The Magellan Fund managed by Lynch has a compound annualized rate of return of 29% in 13 years. But on October 19, 1987, the Magellan Fund lost 18% of its net asset value, a loss of up to $2 billion. Under the panic, investors rushed to redeem, resulting in the redemption share of Magellan Fund reaching 1.3 billion in October, while the share bought was only 689 million.</b></p><p><b>In his book \"Peter Lynch's Successful Investment\", he recorded his mental journey during the stock market crash in 1987: \"At that moment, I really wasn't sure whether it was the end of the world, or whether we were about to fall into a serious Great Depression, or maybe things didn't get that bad\". Lynch concluded that this stock market crash taught him many lessons:</b></p><p><b>One is that investors should ignore the ups and downs of the stock market. If you sell stocks in desperation during a stock market crash, your selling price will often be very low.</b></p><p><b>Second, even if you are panicked, you should stay awake.</b>Instead of selling so much at once, you should gradually reduce your holdings, so as to ultimately get a higher investment return than those investors who sell all their stocks due to panic.</p><p><b>Third, in the end, excellent companies will win, while ordinary companies will fail, and investors who invest in these two completely different types of companies will get completely different returns accordingly.</b>And it turns out that this is true.<b>By June 1988, the market had rebounded more than 400 points, a 23% recovery. If it had been sold in October 1987, the loss would have been painful.</b></p><p><b>6.2 Investment quotes</b></p><p>1) The stock market crash is as common as the January snowstorm in Colorado. If you are prepared, it won't affect you much.<b>The stock market crash is actually a great opportunity to buy stocks. At that time, frightened investors sell their stocks and the stock price is naturally very low</b>, you can take the opportunity to pick a lot of cheap stocks.</p><p><b>2) Usually, company performance has nothing to do with stock prices for months or even years. But in the long run, there is 100% correlation between the two.</b>This difference is the key to making money. To<b>Be patient and hold good stocks.</b></p><p><b>3) Everyone has the brain to make money in the stock market. But not everyone has the courage. You should stay away from stocks and funds if it's easy for you to sell stocks when the stock market is panicking.</b></p><p><b>4）</b>When you invest short-term, you can only earn 90%,<b>When you invest for the long term, you can earn ten times.</b></p><p><b>5) The historical law of stock market fluctuations tells us that all big declines will pass and the stock market will always rise higher.</b>Historical experience also shows that<b>The stock market crash is actually a good opportunity to release risks and create investment. You can buy those excellent company stocks at very low prices.</b></p><p>6）<b>Emotions can be a real performance killer,</b>A falling market can easily make you sell in a panic, or a skyrocketing market can easily make you greedily snap up overvalued stocks.</p><p>7) The real reason for the stock market crash, whether from the perspective of historical experience or from statistical indicators such as P/E and Dividend yields, the market at that time had risen too much.</p><p>8) People only remember that during the stock market crash, the stock market plummeted by 1,000 points in two months, half of which fell in one day, but they forget that in the nine months before the stock market crash, the stock market rose. More than 1,000 points.</p><p><b>7. How John Templeton spent his darkest hour</b><b>7.1 The Road to Contrarian Investment</b></p><p>John Templeton, along with George Soros, Peter Lynch and Warren Buffett, is ranked among the four legendary investors in the world, and is called the \"Father of Global Investment\" by Forbes magazine.</p><p>As the most famous contrarian investor of the last century, Templeton's investment method is summarized as,<b>\"Buy at the lows of the Great Depression, sell at the crazy irrational highs, and navigate the two with ease\". He sorts out and seeks countries and industries that have bottomed out but have excellent prospects around the world, and his investment targets are companies that have been ignored by the public.</b>As a contrarian value investor, Templeton believes that stocks that are completely ignored are the most exciting bargains-especially those that investors haven't studied yet.</p><p><b>From zero to one, from one to one hundred, he often takes low in and high out to the extreme, and invests against the trend at the \"maximum pessimistic point\".</b>In 1937, at the height of the Great Depression, Templeton formed his own company, Templeton, Dobbrow & Vance (TDV).<b>In 1939, amid the double terror of the Great Depression and the war, 36-year-old Templeton relied on a loan of $10,000 to buy 104 companies, each with 100 shares.</b>A few years later, the value of the entire portfolio recovered significantly, with the success of 100 companies earning Templeton the first pot of gold.<b>By 1967, his management had exceeded $400 million.</b>Templeton founded the largest and most successful Templeton mutual fund group in the world. Moreover, his fund company never hired salespeople and relied entirely on investment performance to attract customers.<b>In 1992, his assets under management were as high as $22 billion.</b></p><p><b>Sort out and seek countries and industries that have bottomed out but have excellent prospects on a global scale.</b>Between the 1960s and 1970s, Templeton was one of the first American fund managers to invest in Japan. He<b>Buy Japanese stocks at lower prices</b>, seized the opportunity before other investors, and after he bought, Japanese stocks soared all the way.<b>Later, he discovered that Japan's stock market was overvalued</b>, told shareholders in 1988 that Japan's stock market would shrink by 50% or more. At the same time, he found new investment opportunities,<b>Return to the United States.</b></p><p><b>7.2 Investment quotes</b></p><p><b>1) Street blood spattering is the best time to buy.</b></p><p><b>2) A bull market is born in pessimism, grows in doubt, matures in optimism, and dies in excitement.</b></p><p>3) Even if everyone around you is selling, you don't have to follow because<b>The best time to sell is before the stock market crashes, not after.</b></p><p>4) You should review your portfolio,<b>The only reason to sell existing stocks is that there are more attractive stocks,</b>If not, you should continue to hold the shares in hand.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cde2e4fc86b629e1a7a7708ea53eb694","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176249216","content_text":"巴菲特说：“在别人恐慌时我贪婪，在别人贪婪时我恐慌”。涨上去的是风险，跌下来的是机会。真正的投资者对于好公司好股票应该越涨越悲观，越跌越乐观。投资是反人性的，所以注定只有少数人能够成功。我们所需要做的是提升自己的思维和认知，投资本质上是认知的变现。无论个股还是大盘，底部不是一个点，而是一个区间。如果买的早了，你可能会经历至暗时刻，但是，买的便宜是硬道理，伟大都是熬出来的。价值投资是做时间的朋友。在市场的至暗时刻，我们愿意传递理性、专业和信心。让我们看看那些世界级投资大师如何度过市场的至暗时刻，或许能给大家带来一些启发。1、巴菲特如何度过至暗时刻1.1  不惧“黑色星期一”，果断逆势抄底可口可乐1987年10月19日，黑色星期一，美国股市崩盘。道琼斯工业指数下跌了508.32点，跌幅达22.62%。如果用市值来算，这一天蒸发了近5000亿美元，美国当年GDP约4.87万亿，单日下跌超GDP的1/10。美股暴跌引发了全球性的金融海啸，伦敦、法兰克福、东京、悉尼、香港、新加坡等地股市，接连出现暴跌。这天股神巴菲特损失了3.42亿美元。一周的时间，巴菲特控股的伯克希尔·哈撒韦公司股价便暴跌了25％。不过与普通投资者不同，大亏后的巴菲特没有急得跳脚抛售股票，也没有四处打听消息。据媒体报道，整整一天，他和往常一样安静呆在办公室里，打电话，看报纸，看上市公司的年报。在之后召开的巴菲特集团股东大会上，有媒体提问他1987年这次股灾崩盘意味着什么，巴菲特当时平静回答“也许它上涨得过高了吧。”“长期投资、做时间的朋友”、“以合理的价格买进优秀的公司”、“预测市场没有意义，应该关注公司本身”等等都是巴菲特彼时提出的的投资信条。巴菲特坚信股灾会过去，股市会恢复正常，优质公司的股价最终会反映其内在价值。他坚信自己的投资理念，努力寻找那些具有长期持续竞争优势的公司。在股市暴跌后，平静的巴菲特开始“捡便宜”。也就是在1988年，巴菲特买入了未来几十年让他赚得盆满钵满的好股票——可口可乐。从1988年初次买入后，可口可乐一直作为巴菲特的重仓股之一。2022年，面对全球金融市场不稳定，可口可乐逆流而上，股价创下历史性新高。1.2  如果你等到知更鸟叫时，你将错过整个春天2008年金融危机来袭，在市场充满恐慌情绪的至暗时刻，巴菲特于当年10月在《纽约时报》发表了著名的《我在买入美国》：“无论是在美国还是在世界其他地方，金融市场都陷入了混乱。金融危机已经渗透到总体经济中，现在这种渗透变为井喷式爆发，近期，失业率还将上升。商业活动将停滞不前，头条新闻继续是令人害怕的消息。因此我开始购买美国股票。为什么？因为我奉行一条简单的信条：即他人贪婪时我恐惧，他人恐惧时我贪婪。当然，在多数情况下恐惧会蔓延，即使是经验丰富的投资者也无法抗拒这种恐惧感。不过有点是肯定的，投资者应对竞争地位弱的、但杠杆过度的实体或企业保持警惕。但对于很多竞争力强的公司，没有必要担心他们的长期前景。这些公司的利润也会时好时坏，但多数大公司在5、10、20年后都将创下新的利润记录。要澄清一点，我无法预计股市的短期变动，对于股票1个月或1年内的涨跌情况我不敢妄言。然而有个情况很可能会出现，在市场恢复信心或经济复苏前，股市会上涨而且可能是大涨。如果你等到知更鸟叫时，你将错过整个春天。”《我在买入美国》发表5个月后，美股开始触底反弹，迎来了长达十年的牛市，巴菲特和他的伯克希尔再次实现资产增值。从2009年开始到2021年末的12年内，道琼斯指数从最低6440点上涨到36952点，涨幅5.7倍；标普500指数从最低666点上涨到4818点，涨幅7.23倍；纳斯达克指数从最低1265点上涨到16212点，涨幅12.8倍。1.3  投资名言1）当别人贪婪时你恐惧，当别人恐惧时你贪婪。2）当一些大企业暂时出现危机，或股市下跌，并出现有利可图的交易价格时，我们就应该毫不犹豫买进它们的股票。3）好机会是那种尖叫着要你买入的。比如2008年，资产价格便宜了，这时候就不能怕。在你们一辈子的投资生涯之中，这种天上掉金子的大好机会，大概能遇到 6 次。4）投资的好处在于你不需要对每个扔过来的球挥棒。投资诀窍就是坐在那里看着一个个扔来的球，并且等待打到最佳位置的那个。5）好企业受制于市场逆转、股价不合理而下跌，大好的投资机会即将来临。我更愿意看到市场下跌，大跌的时候更容易买到好货，更容易把钱用好。6）投资企业而不是股票。拥有一只股票，期待它明天早晨就上涨是十分愚蠢的。7）当一家有实力的大公司遇到一次巨大但可以化解的危机时，一个绝好的投资机会就悄然来临。2、芒格如何度过至暗时刻2.1 辉煌成绩背后亦有艰辛时刻，投资要善于“等待”，伟大都是熬出来的芒格是巴菲特的黄金搭档，伯克希尔·哈撒韦公司的副主席。他和巴菲特联手创造了有史以来最优秀的投资纪录——年均20%以上的复合收益率。辉煌投资成绩的背后亦有艰辛时刻。芒格在1973年损失了31.9％，相比之下，道琼斯工业指数下跌了13.1％；在1974年损失了31.5％，道琼斯指数下跌23.1％。提起那两年，芒格自己后来也说：“这是一段艰难的经历——1973年至1974年是一个非常不愉快的经历。”但尽管如此，回过头再看那场下跌，芒格依然认为，那两年大多数股票价格都已经跌到令人流口水的低位，是一个非常好的机会，他甚至曾感慨，自己和巴菲特可能再也看不到这些机会了。芒格说：“我们在1973年到1974年间被市场碾压了，是因为我们的股票不得不在低于他们真正价值的一半以下的价格交易。”在最艰难时刻作出的正确选择，终会为你带来回报。1974年底，其61％的资金投资于蓝筹印花公司。在大萧条以来最糟糕的熊市里，蓝筹印花公司给芒格的投资组合带来了较大程度的回撤。然而，后来蓝筹印花公司作为基金的重要的资产，为之后收购喜诗糖果、布法罗晚报和韦斯科金融公司等提供了大量的资金。芒格投资成功的秘诀不在于买进卖出获得财富，而在于等待。芒格认为，如果你想赚大钱，你必须善于等待。宁愿看起来很傻，也不愿意没有耐心地随波逐流。芒格的投资智慧，其实并不是什么高深的道理，难的是认真执行和坚持，等待的过程是反人性的，很多人是做不到的。巴菲特和芒格能够成为大师的最重要原因之一，就是他们在很年轻的时候就明白了核心的道理，并且用一生的时间坚持下去。在芒格看来，如果你对于在一个世纪内发生两三次或者更多次，市场超过50%下跌不能泰然处之，你就不适合做投资，并且和那些具有能理性处理市场波动的投资者相比，也只能获得相对平庸的投资收益。在芒格的引导下，巴菲特也对自己的投资历年进行迭代更新，不再是执着于早期的“低价烟蒂股”投资理念，而是开拓视野，投资了苹果等一批科技成长公司，也放眼全球，投资了比亚迪等崛起中的中国公司。2.2 投资名言1）巴菲特和我所做的是，我们买了有前景的东西。有时我们遇到经济的顺风，有时我们遇到逆风，但不管怎样，我们都在继续前行。2）要进行投资，你需要的不是大量的行动，而是大量的耐心。3）如果你对于市场超过50%下跌不能泰然处之，你就不适合做投资。4）学会承受损失，你需要即使遭受损失和身处逆境也不会疯掉的能力。3、霍华德·马克斯如何度过至暗时刻3.1  充分认知牛熊市“套路”，逆势而行、不从众霍华德·马克斯是著名投资大师、美国橡树资本管理有限公司创始人。刚入行的时候，有个老前辈和他讲了一个关于牛市的套路。老前辈说，牛市其实非常简单，一共分成三个阶段：第一阶段，少数有远见的人开始相信一切会更好；第二阶段，大多数投资者意识到进步的确已经发生；而当到了第三阶段，人人断言一切永远会更好——当共识超越常识，牛市就到了终点。霍华德·马克斯在2008年次贷危机是发现了熊市同样有三个阶段：先是少数投资者在狂热中嗅到了风险；然后大多数投资者开始感受到了形势的恶化；最后所有人都沉浸在悲观之中，相信形势只会更糟，熊市可能就见到了底部。马克斯认为，成功投资的关键在于逆势而行——不从众。投资最有趣的事情是它的矛盾性，最显而易见、人人赞同的事，往往被证明是错误的。只有当多数人看不到投资价值的时候，价格才会低于价值。成功的关键不可能是群体的判断，趋势与群体共识是阻碍成功的因素。因此，大多数投资者是趋势跟踪者，而杰出的投资者恰恰相反，他们使用第二层次思维，避开雷同的投资组合，进行逆向投资。3.2 参悟市场并非完全“有效”，寻找绝佳时刻支撑马克斯敢于逆市操作的核心逻辑，是他对市场有效性的参悟。有效市场假说认为，在相关法律健全、透明度高、竞争充分的股票市场，一切可获得的的信息已经及时、准确、充分地反映在资产价格当中，除非存在市场操纵。在马克斯看来，有效市场理论并非金融市场的全部真相，主流市场的确变得愈发有效，但无效性永远都在。因为，人是理性感性的综合体，大多数人都会受贪婪、恐惧、妒忌及其他破坏客观性、导致重大失误的情绪所驱动，所以人给出的市场价格不可能绝对公允，也就是不会一直有效或无效。2008年，随着雷曼兄弟轰然倒下，华尔街人心惶惶，甚至有人预测整个金融体系即将崩溃，资产抛售狂潮随之而来。但在雷曼兄弟破产后的三个月里，橡树资本逆市斥资60多亿美元，以低于实际面值约50%的价格收购了公用事业公司等高杠杆公司的优先担保债券。最终，随着经济复苏的到来，接盘的大多数债券在几个月内都按面值偿付，橡树取得了翻倍收益，成为此次金融危机中为数不多的大赢家。霍华德·马克斯投资的成功之道在于他善于逆势而为，不在危机来临时恐慌，通过自己的第二层思维、对市场有效性的参悟进行逆市操作。成功的投资不在于“买好的”，而在于“买得好”，即以低于价值的价格买进，等待资产价格向价值靠拢，才是投资真谛，最可靠的赚钱方法。3.3  投资名言1）卓越投资需要第二层次思维，一种不同于常人的更复杂、更具洞察力的思维方式。什么是第二层次思维？第一层次思维说：公司会出现增长低迷、通货膨胀加重的前景。让我们抛掉股票吧。第二层次思维说：公司前景糟糕透顶，但是所有人都在恐慌中抛售股票，我们应该买进。第一层次思维说：这家公司的利润会下跌，卖出。第二层次思维说：这家公司的利润下跌得会比人们预期的少，会有意想不到的惊喜而拉升股票。买进。第一层次思维说：这是一家好公司，让我们买进股票吧。第二层次思维说：这是一家好公司，但是人人都认为它是一家好公司，因此它不是一家好公司。股票的估价和定价都过高，让我们卖出股票吧。第一层次思维单纯而肤浅，几乎人人都能做到。第二层次思维深邃、复杂而迂回。2）你不可能在和他人做着相同事情的时候期待胜出，突破常规不是目的，但是一种不错的思维方式。当发生危机时，要想赚钱：第一得有钱，第二得有种，敢投资这笔钱。当两者都具备，这就是成功的公式。3）某种程度上来说，趋势、群体共识是阻碍成功的因素，雷同的投资组合是我们要避开的。由于市场的钟摆式摆动或市场的周期性，所以取得最终胜利的关键在于逆向投资。4）牢记万物皆有周期。周期永远胜在最后。任何东西都不可能朝同一个方向永远发展下去。树木不会长到天上。很少有东西会归零。坚持以今天的事件推测未来是对投资者的投资活动最大的危害。5）证券市场的情绪波动类似于钟摆运动。当形势良好、价格高企时，投资者迫不及待地买进，把所有谨慎都拋诸脑后。当周围环境一片混乱、资产廉价待沽时，投资者又完全丧失了承担风险的意愿，迫不及待地卖出。永远如此。4、达里奥如何度过至暗时刻4.1  桥水基金全天候策略，强调主动把握合适市场机会达里奥是全球最大对冲基金桥水基金创始人，资产管理规模超2千亿美元。达里奥提出“全天候策略”，强调运用科学经济量化模型进行主动资产管理，融合宏观经济预判、资产类别选择、组合风险管理三大领域，创建一套完整的资产管理体系。通过对宏观经济环境进行分析，根据经济增长和通胀水平划分不同阶段，寻找适合每一个状态的资产类别，进而配置股票、商品、债券，构建最终的投资组合。4.2  应对危机：与其抱怨危险，不如把握机遇达里奥向众多投资人证明，与其消极抱怨市场，不如积极风险应对，根据市场状态调整投资心态，重构投资组合，桥水基金凭此在多次危机中表现优异。1987年黑色星期一，达里奥的桥水基金逆势挣得22%的高收益。2008年，对冲基金行业整体惨淡，很多基金的表现都非常地差。许多著名金融机构面临风险，雷曼兄弟倒闭，贝尔斯登也被其他金融机构接管。桥水却逆势获得14%的正收益。2010年欧洲爆发主权债务危机，行业整体表现也非常惨淡，但是桥水再次表现优异。旗下“纯粹阿尔法基金”，规模700亿美元，在2010年获得了45%的收益，这一年桥水的整体回报率也达到了历史新高。危机可以使人成长，危机既是危险也是机遇，危险之中蕴藏着机会。知易行难，但是达里奥是真正做到了这一点，化危险为机会，在市场动荡中获取了高额的收益。在《原则》一书中，达里奥分享了他在市场崩盘中学到的三件事情：第一，不应该离谱地过度自信，并放纵自己被情绪左右。无论我知道多少东西，无论我多么勤奋，我都不应该自信地做出绝对的断言。第二，我再次领会到研究历史的价值；第三，要把握市场的时机，虽然对大多数人来说相当困难。4.3 投资名言1）投资者犯的最大错误是，认为最近发生的事情可能会持续下去。2）我不会沉浸在当下。3）投资者在市场出现下跌时，总是容易做出抛售的决定。屈从恐惧并不是个明智的策略，因为这样做并不会取得成功。相反，在市场走跌时，投资者需要进行反向操作：当你不再感到恐惧时，你可能需要卖出；当你感到恐惧时，你也许需要买进。4）明智的人在经历各种沉浮时都始终盯稳健的基本面，而轻浮的人跟着感觉走，做出情绪化的反应，对于热门的东西一拥而上，不热的时候又马上放弃。5、格雷厄姆如何度过至暗时刻5.1  低价买入+风险防护，不以撤离应对股市低迷本杰明·格雷厄姆有“华尔街教父”的美誉。代表作品有《证券分析》、《聪明的投资者》等。他认为世上本没有一夜暴富的方法，往往最简单的方法就是最好的方法。他建议投资者应该持有正确的态度，相信常识的判断，为自己着想。一个投资者必须既具备良好的企业分析判断能力，又具备一种能把自己的思想行为和那些在市场上盘旋的情绪隔绝开来的理性能力，才能取得投资成功。1936年，华尔街再度陷入低迷，对于大多数投资者而言，即将面对又一轮的严峻考验。此时格雷厄姆并未像其他投资者一样陷入一片悲观之中，而是充分运用股票投资分析方法去搜寻值得投资的股票。他不重视以个股过去的表现来预测证券市场的未来走势或个股未来的展望，而主要以股票市值是否低于其内在价值作为判断标准，特别是那些低于其清算价值的股票更是他关注的重点。格雷厄姆在股市低迷期为格雷厄姆纽曼公司购入大量的低价股，而且格雷厄姆像1929年股市大崩溃之前一样，对各项投资均采取了各种避险措施，这次他将资产保护得更周全。格雷厄姆一方面采取分散投资的方法规避风险，另一方面是投资于优先股，利用优先股再获得低利率的融资，同时又可获得约半成的股利，而普通股并不保证有股利，从而达到规避风险的目的。格雷厄姆的这些投资策略和投资技巧既表现出了对持续低潮的抗跌能力，又表现出了在弱市中的获利能力。在股市开始反转时，格雷厄姆在股市低迷期购入大量低价股，由此获得了巨大的回报。在1936年至1941年之间，虽然股市总体来讲呈下跌趋势，但格雷厄姆纽曼公司在此期间的年平均投资回报率大大超过了同时期的标普股票表现，同时期的标普股票平均亏损0.6%。拉长时间线来看，格雷厄姆从1936年到1956年，记录的投资收益率，年均不低于14.7％，可以跻身于华尔街有史以来最佳的长期收益率之列。5.2  投资名言1）牛市是普通投资者亏损的主要原因。2）买股票是买一宗生意的一部分。3）市场总是在过度兴奋和过度悲观间摇摆，智慧的投资者是从过度悲观的人那里买来，卖给过度兴奋的人。4）你自己的表现远比证券的表现本身更能影响投资收益。5）对股票价格要斤斤计较，要像超市购物，不要像买化妆品。6）上涨的股票风险增加而不是减少，下跌的股票风险减少而不是增加。7）在牛市时很难见到上市公司手持现金超过股价，但熊市时这种机会比想象的要多，要抓住。8）投资者与投机者最实际的区别在于他们对股市运动的态度上：投机者的兴趣主要在参与市场波动并从中谋取利润，投资者的兴趣主要在以适当的价格取得和持有适当的股票。9）一般的投资者认为，为了规避投资风险，最好是从股市上撤离，斩仓出局。但撤离股市并不是股市低迷时期的最好应对方法。6、彼得·林奇如何度过至暗时刻6.1  拒绝被恐惧支配的抛售彼得·林奇是一位卓越的股票投资家和证券基金经理。从1977年到1990年，彼得·林奇管理麦哲伦基金13年，创造了一个投资奇迹和神话。麦哲伦基金管理的资产规模由2000万美元成长至140亿美元，基金的持有人超过100万人，是当时全球资产管理金额最大的共同基金。林奇管理的麦哲伦基金，13年里年化复合收益率高达29%。但1987年10月19日这天，麦哲伦基金的资产净值损失了18%，损失高达20亿美元。恐慌之下，投资者争相赎回，导致麦哲伦基金的赎回份额在10月高达13亿，而买入的份额仅有6.89亿。他在《彼得·林奇的成功投资》一书中，记录了1987年股灾时的心路历程：“在那一时刻，我真的不能确定，到底是到了世界末日，还是我们即将陷入一场严重的经济大萧条，又或者是事情并没有变得那么糟糕”。林奇总结说，这场股灾让自己汲取了很多教训：一是投资者应该忽视股票市场的起起落落。如果你在股市暴跌中绝望地卖出股票，那么你的卖出价格往往会非常之低。二是即使很恐慌，也应该保持清醒，不应该一下抛售那么多，而是应该逐步减持，这样才能最终获得比那些由于恐慌而将股票全部抛出的投资人更高的投资回报。三是最终优秀的公司将会胜利，而普通公司将会失败，投资于这两类完全不同的公司的投资者也将会相应得到完全不同的回报。事实也证明确实如此。到1988年6月时，市场已经反弹了400多点，回升了23%。如果在1987年10月时卖出，损失可谓惨痛。6.2  投资名言1）股市的崩盘，犹如科罗拉多州1月暴风雪一样寻常。如果你有所准备，就不会对你造成多大影响。股市大跌其实是一个买入股票的大好机会，那时惊恐万分的投资者们纷纷抛售股票，股价自然很低了，你就可以趁机挑选很多便宜的股票。2）通常，在几个月甚至几年内公司业绩与股票价格无关。但长期而言，两者之间100％相关。这个差别是赚钱的关键，要耐心并持有好股票。3）每个人都有头脑在股市赚钱。但是并不是每个人都有这样的胆魄。如果你很容易在股市恐慌的时候抛售股票，你应该远离股市和基金。4）当你投资短期的时候，你只能赚到90%，当你投资长期时，你可以赚十倍。5）股市波动的历史规律告诉我们，所有的大跌都会过去，股市永远会涨得更高。历史经验还表明，股市大跌其实是释放风险，创造投资的一次好机会，能以很低的价格买入那些很优秀的公司股票。6）情绪可能是一个真正的业绩杀手，市场下跌容易让你在恐慌中抛售，或者市场暴涨容易让你贪婪地抢购高估的股票。7）股灾发生的真实原因，无论从历史经验来看，还是从市盈率、股息收益率等统计指标来看，当时的市场都涨得太过头了。8）人们只记住了股灾的时候股市在两个月的时间里猛跌了1000点，其中一半还是在一天之内跌掉的，却忘记了股灾发生之前的9个月里，股市上涨了不止1000点。7、约翰·邓普顿如何度过至暗时刻7.1 逆向投资之路约翰·邓普顿与乔治·索罗斯、彼得·林奇、沃伦·巴菲特并列全球四大传奇投资人，被美国《福布斯》杂志称为“全球投资之父”。作为上个世纪最著名的逆向投资者，邓普顿的投资方法被总结为，“在大萧条的低点买入，在疯狂非理性的高点抛出，并在这两者间游刃有余”。他在全球范围内梳理、寻求已经触底但又具有优秀远景的国家以及行业，投资标的都是被大众忽略的企业。作为逆向价值投资者，邓普顿相信，完全被忽视的股票是最让人心动的便宜货——尤其是那些投资者们都尚未研究的股票。从零到一，从一到一百，他经常把低进高出发挥到极致，在“最大悲观点”时进行逆势投资。1937年，是大萧条最低迷的时候，邓普顿成立了自己的公司——Templeton，Dobbrow & Vance（TDV）。1939年，在大萧条与战争的双重恐怖气氛中，36岁的邓普顿依靠1万美元的借款购买了104家公司，各100股股票。几年后，整个投资组合的价值大幅回升，其中100家公司的成功为邓普顿赚得第一桶金。到1967年，他的管理规模已经超过4亿美元。邓普顿创立了全球最大最成功的邓普顿共同基金集团，而且，他的基金公司从不雇用销售人员，完全依靠投资表现来吸引顾客。1992年，他管理的资产已经高达220亿美元。全球范围内梳理、寻求已经触底但又具有优秀远景的国家以及行业。20世纪60年代到70年代，邓普顿是第一批到日本投资的美国基金经理之一。他以较低的价格买进日本股票，抢在其他投资者之前抓住了机会，在他买进后，日本股市一路蹿升。后来，他发觉日本的股市被高估了，在1988年就对股东们说，日本的股市将会缩水50%，甚至更多。与此同时他又发现了新的投资机会，重投美国。7.2  投资名言1）街头溅血是买入的最佳时机。2）牛市在悲观中诞生，在怀疑中成长，在乐观中成熟，在兴奋中死亡。3）即使周围的人都在抛售，你也不用跟随，因为卖出的最好时机是在股市崩溃之前，而并非之后。4）你应该检视自己的投资组合，卖出现有股票的惟一理由，是有更具吸引力的股票，如没有，便应该继续持有手上的股票。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081647965,"gmtCreate":1650242474557,"gmtModify":1676534676041,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081647965","repostId":"9089053500","repostType":1,"repost":{"id":9089053500,"gmtCreate":1649936713317,"gmtModify":1676534610528,"author":{"id":"4100909900193040","authorId":"4100909900193040","name":"Twelve_E","avatar":"https://community-static.tradeup.com/news/2fc13d808672bcbe487503280e3db596","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100909900193040","idStr":"4100909900193040"},"themes":[],"title":"$41 bn all-cash Bid, 3 KeyPoints on Elon Musk's Ambitious to Twitter","htmlText":"It is a pity that Musk is not qualified to run for the US president, because he was born in South Africa. Joking Here. On April 14th, Elon Musk offers to buy 100% of&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/TWTR\">$Twitter(TWTR)$</a>&nbsp; for $54.20 per share in an all-cash deal. Elon Musk Letter to Chairman: \"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over","listText":"It is a pity that Musk is not qualified to run for the US president, because he was born in South Africa. Joking Here. On April 14th, Elon Musk offers to buy 100% of&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/TWTR\">$Twitter(TWTR)$</a>&nbsp; for $54.20 per share in an all-cash deal. Elon Musk Letter to Chairman: \"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over","text":"It is a pity that Musk is not qualified to run for the US president, because he was born in South Africa. Joking Here. On April 14th, Elon Musk offers to buy 100% of $Twitter(TWTR)$ for $54.20 per share in an all-cash deal. Elon Musk Letter to Chairman: \"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over","images":[{"img":"https://community-static.tradeup.com/news/b624b594ed9b17845d8f97c38489ac52","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/662063105c5ebc19ad66e96d120b2dad","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/b5396091f773bef1e52f490c7c83b437","width":"632","height":"331"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089053500","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1889,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038909631,"gmtCreate":1646705025841,"gmtModify":1676534153056,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038909631","repostId":"1198510306","repostType":2,"repost":{"id":"1198510306","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646696733,"share":"https://ttm.financial/m/news/1198510306?lang=en_US&edition=fundamental","pubTime":"2022-03-08 07:45","market":"hk","language":"zh","title":"Last night and this morning | The Nasdaq fell into a bear market! Energy prices soar, European stocks enter bears","url":"https://stock-news.laohu8.com/highlight/detail?id=1198510306","media":"老虎资讯综合","summary":"摘要：①美股周一大幅收跌，标普跌近3%，纳指跌超3%跌入熊市；②商品期货再度大涨，伦镍一度暴涨近80%；③第三轮俄乌谈判无实质结果，停火磋商将继续进行；④、欧盟计划今年将对俄罗斯天然气的依赖程度降低近","content":"<p><html><head></head><body>Summary: ① U.S. stocks closed sharply lower on Monday, with the S&P falling nearly 3%, and the Nasdaq falling more than 3% and falling into a bear market; ② Commodity futures rose sharply again, and Lunni once soared by nearly 80%; ③ The third round of Russia-Ukraine negotiations has no substantive results, and ceasefire negotiations will continue; ④. The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year. Overseas Market</p><p>1. Closing: Conflict situations and inflation concerns put pressure on U.S. stocks to close lower, the Dow Jones Industrial Average fell 800 points</p><p>U.S. stocks closed sharply lower on Monday, with the S&P falling nearly 3%, the biggest drop in more than a year, the Dow falling nearly 800 points, and the Nasdaq falling more than 3%, falling into a bear market, all hitting one-year lows. The Dow fell 2.37%, the Nasdaq fell 3.62%, and the S&P 500 fell 2.95%.</p><p>2. Popular Chinese concept stocks mostly closed lower on Monday<a href=\"https://laohu8.com/S/NIU\">Mavericks Electric</a>Fell nearly 17%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Down more than 8%</p><p>Most of the popular Chinese concept stocks closed lower on Monday, Mavericks Electric fell nearly 17%, and the financial report showed that Q4 net profit fell 18% year-on-year;<a href=\"https://laohu8.com/S/LAIX\">Fluent theory</a>Fell more than 17%, Bilibili fell more than 8%; New energy vehicle stocks fell,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell nearly 8%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 5%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars fell more than 2%.</p><p><a href=\"https://laohu8.com/S/SPI\">Solar Impulse</a>Up more than 28%,<a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>It rose more than 21%, and Together Education rose more than 10%.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Youdao rose more than 8%,<a href=\"https://laohu8.com/S/WIMI\">WIMI holography</a>Up more than 6%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Rose more than 4%,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Up more than 3%.</p><p>3. The United States may boycott Russian crude oil. U.S. WTI crude oil closed up 3.2%</p><p>Crude oil futures prices were supported as countries such as the United States and Britain considered banning imports of Russian oil. West Texas Intermediate crude oil (WTI) for April delivery rose $3.72, or 3.2%, to settle at $119.40 a barrel on the New York Mercantile Exchange. On a front-month contract basis, this is the highest close since September 2008, according to FactSet data. WTI crude oil rose by 26.30% last week.</p><p>4. Brent was once close to $140, the possibility of a Russian oil embargo raised crisis concerns</p><p>Oil prices experienced their largest one-day volatility on record, soaring to nearly $140 earlier before falling back as the United States said it was considering banning imports of Russian crude oil, exacerbating the possibility of tight supply.</p><p>Brent oil prices fell back to around $121. Such oil price levels are exacerbating fears of a major inflationary shock to the global economy. The Biden administration is considering whether to ban Russian oil imports at least initially without the involvement of European allies, people familiar with the matter said. Germany said it had no plans to suspend Russian energy imports, adding to market volatility.</p><p>5. Gold futures closed up 1.5% on Monday and once broke through the $2,000 mark during the session</p><p>Gold futures closed higher on Monday and posted their highest close since August 2020. The conflict between Russia and Ukraine has escalated again, raising risk aversion and pushing gold futures prices to break through the $2,000 per ounce mark on Monday.</p><p>The price of gold futures for April delivery on the New York Mercantile Exchange rose by $29.30, or 1.5%, to close at $1,995.90 an ounce, and once rose to $2,007.50 an ounce during the session.</p><p>6. European stocks fall into bear market amid surging energy prices</p><p>European stocks fell to their lowest levels in a year, with the DAX and eurozone STOXX 50 closing in a bear market as soaring oil prices raised fears that high inflation would hurt economic growth.</p><p>The DAX closed down 2% to its lowest level since November 2020, with a cumulative decline of 21% from a record high in January. The eurozone STOXX 50 index closed down 1.2%, also closing in a bear market.</p><p>7. European natural gas prices soared 79%, market chaos pushed prices to a new record</p><p>Europe's benchmark natural gas futures soared 79% to the equivalent of more than $600 a barrel of crude oil, and the market experienced the most chaotic trading situation ever. The surge could trigger a massive margin call, prompting companies to buy exchange contracts to avoid paying cash, which in turn causes futures prices to spike further.</p><p>Related to the situation between Russia and Ukraine</p><p>1. The third round of Russia-Ukraine negotiations has no substantive results and ceasefire negotiations will continue</p><p>After the third round of Russia-Ukraine negotiations, a member of the Ukrainian delegation said that consultations with Russia on a ceasefire and cessation of hostilities will continue, and there are still no substantive results on related issues so far. Podolyak, an adviser to the Ukrainian President's Office, also said that the third round of talks between Russia and Ukraine failed to achieve results that could substantially improve the situation.</p><p>Mezinsky, head of the Russian delegation, said that Russia hopes that the humanitarian corridor will start operating tomorrow, and Ukraine has guaranteed this. Russia's expected goal of talks with Ukraine in Brest Oblast has not been achieved.</p><p>2. The impact of the Russia-Ukraine war has appeared on food shelves in many countries, and worries about the global food crisis have risen</p><p>The impact of Russia's military operation in Ukraine on global crop markets is already felt on store shelves.</p><p>Amid concerns about soaring sunflower oil prices, there was a rush to buy during the weekend in Turkey, and a video of people vying for lower-priced sunflower oil in a store caused heated discussion; Some supermarket chain websites are out of stock</p><p>In Egypt, the world's largest wheat importer, the price of some unsubsidized bread has risen sharply in the past week due to higher costs; In the greater Cairo area, a pack of five-slice flour bread costs about 7.5 Egyptian pounds ($0.48), compared with 5 Egyptian pounds a week ago.</p><p>3. The conflict between Ukraine and Russia subverts the global shipping industry and shipping rates may increase by two to three times</p><p>The war between Ukraine and Russia has the potential to upend the global shipping industry recovering from the novel coronavirus pneumonia epidemic. Maersk (AMKBY.US) and Mediterranean Shipping, the largest ocean container groups, have suspended business bookings to and from Russia as sanctions begin to have an impact on trade.</p><p>Glenn Kopke of FourKites, a supply chain consulting firm, said that the shipping rate may even increase by two or three times from the current price of $10,000 per 40-foot container.</p><p>International macro</p><p>1. The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year</p><p>The European Commission is charting a path to ending its dependence on Russian gas, which could reduce import demand by nearly 80% this year, according to two officials familiar with the matter. In an effort to weaken the Kremlin's bargaining chips, the European Commission revised its energy strategy after Russian President Vladimir Putin launched military operations against Ukraine. The plan, due to be presented on Tuesday, includes finding new sources of natural gas and improving energy efficiency, with the goal of weaning off Russia well before 2030, an official said.</p><p>2. Members of the U.S. Senate and House of Representatives reached an agreement on the outline of a bill to sanction Russia</p><p>Four top leaders of the U.S. Senate and House of Representatives issued a statement saying that they have reached an agreement on the outline of a bill to sanction Russia, saying that they will jointly draft a bill to suspend normal trade relations with Russia and Belarus and authorize the Biden administration to raise tariffs for both countries.</p><p>3. Russian gold was shut out of the London market and the certification qualifications of all gold smelters were suspended</p><p>The London Bullion Market Association said on Monday that it suspended all six Russian gold and silver smelting enterprises as fine deliverers after the United States, European Union and Britain imposed sanctions on Russia. Products manufactured by these businesses prior to the suspension of eligibility will still be accepted.</p><p>4. British Prime Minister says Britain will \"gradually\" get rid of its dependence on Russian oil and natural gas</p><p>British Prime Minister Boris Johnson said that in the face of tensions between Russia and Ukraine, Britain will \"gradually\" get rid of its dependence on Russian oil and gas. He also called on Western countries to work together to ensure energy alternatives.</p><p>After meeting with Canadian Prime Minister Trudeau and Dutch Prime Minister Rutte that day, Johnson said that the UK will formulate a new energy supply strategy in the next few days, and pointed out that the UK is considering using more of its own fossil fuels. But he also stressed that Britain has not given up its commitment to reduce carbon emissions.</p><p>5. The issue of food is imminent. The EU may consider relaxing the import ban on genetically modified grains and herbicide-related crops</p><p>With the world's major crude oil and grain producing areas involved in turmoil, the European Union, which adheres to high standards on the import of rations, has also begun to worry about the problem of food.</p><p>The European Union may consider temporarily lifting the ban on the import of genetically modified grains from the United States and South America to help farmers get through this chaotic time, according to the media quoted Spanish Minister of Agriculture Luis Planas on Monday. Spain and France have also proposed exemptions for use of herbicides<a href=\"https://laohu8.com/S/000061\">Agricultural products</a>Imports, mainly to increase stocks and find alternative supply channels for important grains, mainly corn, which are also the main sources of animal feed.</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1133636608\" target=\"_blank\">Uber raises first-quarter results forecast: consumers are eager to get back to travel</a></p><p>Uber reportedly raised its first-quarter 2022 performance forecast as travel demand affected by the epidemic rebounded faster than expected. In premarket trading on March 7, Uber's stock price rose about 2% at one point. Shares of rival Lyft, meanwhile, also rose more than 2%.</p><p>Uber said in a filing with the U.S. Securities and Exchange Commission (SEC) that it now expects adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the first quarter of this year to be between US $130 million and US $150 million, higher than the previous expectation of between US $100 million and US $130 million.</p><p>2、<a href=\"https://ttm.financial/NW/1185303476\" target=\"_blank\">Intel's autonomous driving business unit Mobileye secretly files IPO application</a></p><p>According to reports, Intel Corporation announced on March 7 that Mobileye, its self-driving car business unit, has secretly submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), and plans to initially public offering (IPO) Mobileye's new shares. At present, the number and price of new shares have not yet been determined. The IPO date will take place after the SEC completes the evaluation process, and the specific time will also depend on market and other conditions.</p><p>3、<a href=\"https://ttm.financial/NW/2217544945\" target=\"_blank\">Tesla bulls: Berlin's \"Gigafactory\" approved, the stock's biggest suspense cleared</a></p><p>Dan Ives, a well-known Tesla bull and an analyst at investment bank Wedbush, said in a report to investors on March 6 that the approval of production at the Berlin \"Gigafactory\" is crucial to Tesla.</p><p>Ives wrote, \"Tesla stock'maximum suspense 'has been removed after German authorities said Tesla could start production at its new factory in Berlin.\"</p><p>4、<a href=\"https://ttm.financial/NW/2217448301\" target=\"_blank\">Wedbush: Spring conference is about to be held, giving Apple an \"outperform\" rating</a></p><p>Apple will hold the 2022 Spring Conference at 10 a.m. local time on March 8 (2 a.m. Beijing time on March 9). It is widely expected to launch a new iPhone SE with 5G capabilities, as well as new iPad Air and Mac using its M-series chips. Wedbush Securities believes that all of the above products will become \"popular products\" for Apple. Wedbush analyst Dan Ives gave Apple an \"outperform\" rating and a target price of $200.</p><p>5、<a href=\"https://ttm.financial/NW/2217415574\" target=\"_blank\">Coal giant Peabody once plummeted more than 24% and was forced to add large margins when coal prices soared</a></p><p>On Monday, March 7, Peabody Energy, the world's largest private coal company, once plummeted by more than 24% in the U.S. stock market, falling sharply from the nearly three-year high since mid-May 2019 set last Friday, nearly erasing all gains in the month.</p><p>This is mainly due to the company's announcement stating that, with<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>A financing arrangement was reached in which the latter provided a $150 million unsecured multiple-drawable credit facility to support the \"potential liquidity needs in the near term\" of Peabody, whose coal mines are mainly located in the United States and Australia.</p><p>6、<a href=\"https://ttm.financial/NW/2217541424\" target=\"_blank\">Refuse to follow suit! Uniqlo founder says he will continue to operate business in Russia</a></p><p>After the conflict between Russia and Ukraine escalated, while Western countries imposed sanctions on Russia, large European and American companies also withdrew from the country. Although waves of companies have chosen to withdraw from the Russian market, some companies have refused to follow suit and insisted on continuing to operate their businesses in Russia.</p><p>7、<a href=\"https://ttm.financial/NW/2217344063\" target=\"_blank\">Buffett talks about increasing holdings of Occidental Petroleum: Invested $4.5 billion in five days, buy as much as you can</a></p><p><a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Chairman Warren Buffett revealed his recent big increase in holdings in an interview Monday<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>The story of the company's shares, saying that he spent $4.5 billion on last Friday's trading day and bought 91.2 million shares, which are worth more than $5 billion based on the current stock price.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning | The Nasdaq fell into a bear market! Energy prices soar, European stocks enter bears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLast night and this morning | The Nasdaq fell into a bear market! Energy prices soar, European stocks enter bears\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-03-08 07:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Summary: ① U.S. stocks closed sharply lower on Monday, with the S&P falling nearly 3%, and the Nasdaq falling more than 3% and falling into a bear market; ② Commodity futures rose sharply again, and Lunni once soared by nearly 80%; ③ The third round of Russia-Ukraine negotiations has no substantive results, and ceasefire negotiations will continue; ④. The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year. Overseas Market</p><p>1. Closing: Conflict situations and inflation concerns put pressure on U.S. stocks to close lower, the Dow Jones Industrial Average fell 800 points</p><p>U.S. stocks closed sharply lower on Monday, with the S&P falling nearly 3%, the biggest drop in more than a year, the Dow falling nearly 800 points, and the Nasdaq falling more than 3%, falling into a bear market, all hitting one-year lows. The Dow fell 2.37%, the Nasdaq fell 3.62%, and the S&P 500 fell 2.95%.</p><p>2. Popular Chinese concept stocks mostly closed lower on Monday<a href=\"https://laohu8.com/S/NIU\">Mavericks Electric</a>Fell nearly 17%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Down more than 8%</p><p>Most of the popular Chinese concept stocks closed lower on Monday, Mavericks Electric fell nearly 17%, and the financial report showed that Q4 net profit fell 18% year-on-year;<a href=\"https://laohu8.com/S/LAIX\">Fluent theory</a>Fell more than 17%, Bilibili fell more than 8%; New energy vehicle stocks fell,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell nearly 8%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 5%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars fell more than 2%.</p><p><a href=\"https://laohu8.com/S/SPI\">Solar Impulse</a>Up more than 28%,<a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>It rose more than 21%, and Together Education rose more than 10%.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Youdao rose more than 8%,<a href=\"https://laohu8.com/S/WIMI\">WIMI holography</a>Up more than 6%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Rose more than 4%,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Up more than 3%.</p><p>3. The United States may boycott Russian crude oil. U.S. WTI crude oil closed up 3.2%</p><p>Crude oil futures prices were supported as countries such as the United States and Britain considered banning imports of Russian oil. West Texas Intermediate crude oil (WTI) for April delivery rose $3.72, or 3.2%, to settle at $119.40 a barrel on the New York Mercantile Exchange. On a front-month contract basis, this is the highest close since September 2008, according to FactSet data. WTI crude oil rose by 26.30% last week.</p><p>4. Brent was once close to $140, the possibility of a Russian oil embargo raised crisis concerns</p><p>Oil prices experienced their largest one-day volatility on record, soaring to nearly $140 earlier before falling back as the United States said it was considering banning imports of Russian crude oil, exacerbating the possibility of tight supply.</p><p>Brent oil prices fell back to around $121. Such oil price levels are exacerbating fears of a major inflationary shock to the global economy. The Biden administration is considering whether to ban Russian oil imports at least initially without the involvement of European allies, people familiar with the matter said. Germany said it had no plans to suspend Russian energy imports, adding to market volatility.</p><p>5. Gold futures closed up 1.5% on Monday and once broke through the $2,000 mark during the session</p><p>Gold futures closed higher on Monday and posted their highest close since August 2020. The conflict between Russia and Ukraine has escalated again, raising risk aversion and pushing gold futures prices to break through the $2,000 per ounce mark on Monday.</p><p>The price of gold futures for April delivery on the New York Mercantile Exchange rose by $29.30, or 1.5%, to close at $1,995.90 an ounce, and once rose to $2,007.50 an ounce during the session.</p><p>6. European stocks fall into bear market amid surging energy prices</p><p>European stocks fell to their lowest levels in a year, with the DAX and eurozone STOXX 50 closing in a bear market as soaring oil prices raised fears that high inflation would hurt economic growth.</p><p>The DAX closed down 2% to its lowest level since November 2020, with a cumulative decline of 21% from a record high in January. The eurozone STOXX 50 index closed down 1.2%, also closing in a bear market.</p><p>7. European natural gas prices soared 79%, market chaos pushed prices to a new record</p><p>Europe's benchmark natural gas futures soared 79% to the equivalent of more than $600 a barrel of crude oil, and the market experienced the most chaotic trading situation ever. The surge could trigger a massive margin call, prompting companies to buy exchange contracts to avoid paying cash, which in turn causes futures prices to spike further.</p><p>Related to the situation between Russia and Ukraine</p><p>1. The third round of Russia-Ukraine negotiations has no substantive results and ceasefire negotiations will continue</p><p>After the third round of Russia-Ukraine negotiations, a member of the Ukrainian delegation said that consultations with Russia on a ceasefire and cessation of hostilities will continue, and there are still no substantive results on related issues so far. Podolyak, an adviser to the Ukrainian President's Office, also said that the third round of talks between Russia and Ukraine failed to achieve results that could substantially improve the situation.</p><p>Mezinsky, head of the Russian delegation, said that Russia hopes that the humanitarian corridor will start operating tomorrow, and Ukraine has guaranteed this. Russia's expected goal of talks with Ukraine in Brest Oblast has not been achieved.</p><p>2. The impact of the Russia-Ukraine war has appeared on food shelves in many countries, and worries about the global food crisis have risen</p><p>The impact of Russia's military operation in Ukraine on global crop markets is already felt on store shelves.</p><p>Amid concerns about soaring sunflower oil prices, there was a rush to buy during the weekend in Turkey, and a video of people vying for lower-priced sunflower oil in a store caused heated discussion; Some supermarket chain websites are out of stock</p><p>In Egypt, the world's largest wheat importer, the price of some unsubsidized bread has risen sharply in the past week due to higher costs; In the greater Cairo area, a pack of five-slice flour bread costs about 7.5 Egyptian pounds ($0.48), compared with 5 Egyptian pounds a week ago.</p><p>3. The conflict between Ukraine and Russia subverts the global shipping industry and shipping rates may increase by two to three times</p><p>The war between Ukraine and Russia has the potential to upend the global shipping industry recovering from the novel coronavirus pneumonia epidemic. Maersk (AMKBY.US) and Mediterranean Shipping, the largest ocean container groups, have suspended business bookings to and from Russia as sanctions begin to have an impact on trade.</p><p>Glenn Kopke of FourKites, a supply chain consulting firm, said that the shipping rate may even increase by two or three times from the current price of $10,000 per 40-foot container.</p><p>International macro</p><p>1. The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year</p><p>The European Commission is charting a path to ending its dependence on Russian gas, which could reduce import demand by nearly 80% this year, according to two officials familiar with the matter. In an effort to weaken the Kremlin's bargaining chips, the European Commission revised its energy strategy after Russian President Vladimir Putin launched military operations against Ukraine. The plan, due to be presented on Tuesday, includes finding new sources of natural gas and improving energy efficiency, with the goal of weaning off Russia well before 2030, an official said.</p><p>2. Members of the U.S. Senate and House of Representatives reached an agreement on the outline of a bill to sanction Russia</p><p>Four top leaders of the U.S. Senate and House of Representatives issued a statement saying that they have reached an agreement on the outline of a bill to sanction Russia, saying that they will jointly draft a bill to suspend normal trade relations with Russia and Belarus and authorize the Biden administration to raise tariffs for both countries.</p><p>3. Russian gold was shut out of the London market and the certification qualifications of all gold smelters were suspended</p><p>The London Bullion Market Association said on Monday that it suspended all six Russian gold and silver smelting enterprises as fine deliverers after the United States, European Union and Britain imposed sanctions on Russia. Products manufactured by these businesses prior to the suspension of eligibility will still be accepted.</p><p>4. British Prime Minister says Britain will \"gradually\" get rid of its dependence on Russian oil and natural gas</p><p>British Prime Minister Boris Johnson said that in the face of tensions between Russia and Ukraine, Britain will \"gradually\" get rid of its dependence on Russian oil and gas. He also called on Western countries to work together to ensure energy alternatives.</p><p>After meeting with Canadian Prime Minister Trudeau and Dutch Prime Minister Rutte that day, Johnson said that the UK will formulate a new energy supply strategy in the next few days, and pointed out that the UK is considering using more of its own fossil fuels. But he also stressed that Britain has not given up its commitment to reduce carbon emissions.</p><p>5. The issue of food is imminent. The EU may consider relaxing the import ban on genetically modified grains and herbicide-related crops</p><p>With the world's major crude oil and grain producing areas involved in turmoil, the European Union, which adheres to high standards on the import of rations, has also begun to worry about the problem of food.</p><p>The European Union may consider temporarily lifting the ban on the import of genetically modified grains from the United States and South America to help farmers get through this chaotic time, according to the media quoted Spanish Minister of Agriculture Luis Planas on Monday. Spain and France have also proposed exemptions for use of herbicides<a href=\"https://laohu8.com/S/000061\">Agricultural products</a>Imports, mainly to increase stocks and find alternative supply channels for important grains, mainly corn, which are also the main sources of animal feed.</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1133636608\" target=\"_blank\">Uber raises first-quarter results forecast: consumers are eager to get back to travel</a></p><p>Uber reportedly raised its first-quarter 2022 performance forecast as travel demand affected by the epidemic rebounded faster than expected. In premarket trading on March 7, Uber's stock price rose about 2% at one point. Shares of rival Lyft, meanwhile, also rose more than 2%.</p><p>Uber said in a filing with the U.S. Securities and Exchange Commission (SEC) that it now expects adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the first quarter of this year to be between US $130 million and US $150 million, higher than the previous expectation of between US $100 million and US $130 million.</p><p>2、<a href=\"https://ttm.financial/NW/1185303476\" target=\"_blank\">Intel's autonomous driving business unit Mobileye secretly files IPO application</a></p><p>According to reports, Intel Corporation announced on March 7 that Mobileye, its self-driving car business unit, has secretly submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), and plans to initially public offering (IPO) Mobileye's new shares. At present, the number and price of new shares have not yet been determined. The IPO date will take place after the SEC completes the evaluation process, and the specific time will also depend on market and other conditions.</p><p>3、<a href=\"https://ttm.financial/NW/2217544945\" target=\"_blank\">Tesla bulls: Berlin's \"Gigafactory\" approved, the stock's biggest suspense cleared</a></p><p>Dan Ives, a well-known Tesla bull and an analyst at investment bank Wedbush, said in a report to investors on March 6 that the approval of production at the Berlin \"Gigafactory\" is crucial to Tesla.</p><p>Ives wrote, \"Tesla stock'maximum suspense 'has been removed after German authorities said Tesla could start production at its new factory in Berlin.\"</p><p>4、<a href=\"https://ttm.financial/NW/2217448301\" target=\"_blank\">Wedbush: Spring conference is about to be held, giving Apple an \"outperform\" rating</a></p><p>Apple will hold the 2022 Spring Conference at 10 a.m. local time on March 8 (2 a.m. Beijing time on March 9). It is widely expected to launch a new iPhone SE with 5G capabilities, as well as new iPad Air and Mac using its M-series chips. Wedbush Securities believes that all of the above products will become \"popular products\" for Apple. Wedbush analyst Dan Ives gave Apple an \"outperform\" rating and a target price of $200.</p><p>5、<a href=\"https://ttm.financial/NW/2217415574\" target=\"_blank\">Coal giant Peabody once plummeted more than 24% and was forced to add large margins when coal prices soared</a></p><p>On Monday, March 7, Peabody Energy, the world's largest private coal company, once plummeted by more than 24% in the U.S. stock market, falling sharply from the nearly three-year high since mid-May 2019 set last Friday, nearly erasing all gains in the month.</p><p>This is mainly due to the company's announcement stating that, with<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>A financing arrangement was reached in which the latter provided a $150 million unsecured multiple-drawable credit facility to support the \"potential liquidity needs in the near term\" of Peabody, whose coal mines are mainly located in the United States and Australia.</p><p>6、<a href=\"https://ttm.financial/NW/2217541424\" target=\"_blank\">Refuse to follow suit! Uniqlo founder says he will continue to operate business in Russia</a></p><p>After the conflict between Russia and Ukraine escalated, while Western countries imposed sanctions on Russia, large European and American companies also withdrew from the country. Although waves of companies have chosen to withdraw from the Russian market, some companies have refused to follow suit and insisted on continuing to operate their businesses in Russia.</p><p>7、<a href=\"https://ttm.financial/NW/2217344063\" target=\"_blank\">Buffett talks about increasing holdings of Occidental Petroleum: Invested $4.5 billion in five days, buy as much as you can</a></p><p><a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Chairman Warren Buffett revealed his recent big increase in holdings in an interview Monday<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>The story of the company's shares, saying that he spent $4.5 billion on last Friday's trading day and bought 91.2 million shares, which are worth more than $5 billion based on the current stock price.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"PSQ":"做空纳斯达克100指数ETF-ProShares",".DJI":"道琼斯","03086":"华夏纳指","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite","BK4550":"红杉资本持仓","BK4561":"索罗斯持仓","QID":"两倍做空纳斯达克指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","BK4534":"瑞士信贷持仓",".SPX":"S&P 500 Index"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198510306","content_text":"摘要：①美股周一大幅收跌，标普跌近3%，纳指跌超3%跌入熊市；②商品期货再度大涨，伦镍一度暴涨近80%；③第三轮俄乌谈判无实质结果，停火磋商将继续进行；④、欧盟计划今年将对俄罗斯天然气的依赖程度降低近80%。海外市场1、收盘：冲突局势与通胀忧虑施压 美股收跌道指下挫800点美股周一大幅收跌，标普跌近3%创逾一年最大跌幅，道指跌近800点，纳指跌超3%、跌入熊市，均创一年新低。道指跌2.37%，纳指跌3.62%，标普500指数跌2.95%。2、热门中概股周一收盘大多走低 小牛电动跌近17% 哔哩哔哩跌超8%热门中概股周一收盘大多走低，小牛电动跌近17%，财报显示Q4净利润同比下降18%；流利说跌超17%，哔哩哔哩跌超8%；新能源汽车股走低，小鹏汽车跌近8%，理想汽车跌超5%，蔚来汽车跌超2%。阳光动力涨超28%，开心汽车涨超21%，一起教育涨超10%，网易有道涨超8%，微美全息涨超6%，好未来涨超4%，高途涨超3%。3、美或抵制俄国原油 美国WTI原油收高3.2%由于美英等国考虑禁止进口俄罗斯石油，原油期货价格得到支撑。纽约商品交易所4月交割的西德克萨斯中质原油（WTI）上涨3.72美元，涨幅为3.2%，收于每桶119.40美元。FactSet数据显示，按照近月合约计算，这是自2008年9月以来的最高收盘价。上周WTI原油累计上涨26.30%。4、布伦特一度接近140美元 俄罗斯石油禁运的可能性引发危机担忧石油价格创有史以来最大单日波幅，早前一度飙升至近140美元的水平，之后回落，因美国表示正在考虑禁止进口俄罗斯原油，加剧了供应紧张的可能性。布伦特油价回落至121美元左右。这样的油价水平正在加剧全球经济遭遇重大通胀冲击的担忧。知情人士称，拜登政府正在考虑至少在初期是否在欧洲盟友不参与的情况下禁止进口俄罗斯石油。德国表示，没有暂停进口俄罗斯能源的计划，加剧了市场的波动。5、黄金期货周一收高1.5% 盘中一度突破2000美元关口黄金期货周一收高并创2020年8月以来的最高收盘价。俄乌冲突再度升级，令避险情绪高涨，推动周一黄金期货价格一度突破每盎司2000美元关口。纽约商品交易所4月交割的黄金期货价格上涨29.30美元，涨幅1.5%，收于每盎司1995.90美元，盘中一度上涨至每盎司2007.50美元。6、欧洲股市在能源价格飙升之际跌入熊市欧洲股市跌至一年来的最低水平，DAX指数和欧元区斯托克50指数收盘进入熊市，因为油价飙升引发了高通胀将损伤经济增长的担忧。DAX指数收盘下跌2％，至2020年11月以来的最低水平，从1月份的创纪录高位累计下跌21％。欧元区斯托克50指数收盘下跌1.2％，也收于熊市。7、欧洲天然气价格飙升79% 市场一片混乱推动价格刷新纪录欧洲基准天然气期货飙升79%，达到相当于每桶原油超过600美元，市场出现了有史以来最为混乱的交易状况。飙升可能引发大规模的追加保证金，促使企业购买交易所合约以避免支付现金，进而导致期货价格进一步飙升。俄乌局势相关1、第三轮俄乌谈判无实质结果 停火磋商将继续进行第三轮俄乌谈判结束后，乌克兰代表团的一名成员表示，与俄罗斯关于停火和停止敌对行动的磋商将继续进行，相关问题到目前仍没有实质性结果。乌克兰总统办公室顾问波多利亚克也表示，俄乌第三轮会谈没取得能实质改善局势的结果。俄罗斯代表团团长梅津斯基则表示，俄方希望人道主义走廊从明天开始运行，乌克兰方面对此给予了保证。俄罗斯对与乌克兰在布列斯特州会谈的预期目标未能实现。2、俄乌战争的影响已在多国食品货架上显现 全球粮食危机忧虑升温俄罗斯在乌克兰开展军事行动给全球农作物市场带来的冲击已在商店货架上显现。由于担心葵花籽油价格飙升，土耳其周末期间出现抢购，民众在一家商店争抢较低价葵花籽油的视频引起热议；部分连锁超市网站缺货在全球最大的小麦进口国埃及，由于成本走高，过去一周部分未受补贴的面包价格大幅上涨；在大开罗地区，一包五片面饼的售价约为7.5埃及镑（0.48美元），而一周前为5埃及镑。3、乌俄冲突颠覆全球航运业 海运费率或将上涨两至三倍乌俄战争有可能颠覆正从新冠肺炎疫情中复苏的全球航运业。随着制裁开始对贸易产生影响，最大的海运集装箱集团马士基（AMKBY.US）和Mediterranean Shipping已经暂停了往返俄罗斯的业务预订。供应链咨询公司FourKites的格伦•克普克表示，海运费率甚至可能从目前每40英尺集装箱1万美元的价格上涨两到三倍。国际宏观1、欧盟计划今年将对俄罗斯天然气的依赖程度降低近80%据两位知情官员透露，欧盟委员会正在规划结束对俄罗斯天然气依赖的路径，这可能导致今年进口需求减少近80%。为削弱克里姆林宫方面的筹码，欧盟委员会在俄罗斯总统普京发动对乌克兰的军事行动后修改能源战略。一位官员表示，这份计划将于周二提交，内容包括寻找新的天然气来源和提高能源效率，目标是远早于2030年摆脱对俄罗斯的依赖。2、美国参众两院议员就制裁俄罗斯的法案大纲达成协议美国参议院和众议院四位高层领导人发表声明，已就制裁俄罗斯的法案大纲达成协议，表示将共同起草法案，暂停与俄罗斯和白俄罗斯的正常贸易关系，并授权拜登政府提高面向两国的关税。3、俄罗斯黄金被伦敦市场拒之门外 所有黄金冶炼商的认证资格均被暂停伦敦金银市场协会周一表示，在美国、欧盟和英国对俄罗斯实施制裁后，该协会暂停了所有六家俄罗斯金银冶炼企业的优良交货商资格。这些企业在资格暂停之前生产的产品仍将被接受。4、英首相表示英国将“逐步”摆脱对俄罗斯石油和天然气的依赖英国首相鲍里斯·约翰逊表示，面对俄乌两国之间的紧张局势，英国将要“逐步”摆脱对俄罗斯石油和天然气的依赖。他同时呼吁西方各国要共同努力确保能源替代方案。约翰逊当天在与加拿大总理特鲁多和荷兰首相吕特会晤之后表示，英国将在未来几天制定新的能源供应战略，并指出英国正在考虑使用更多自己的化石燃料。但他同时强调，英国并没有放弃减少碳排放的承诺。5、吃饭问题迫在眉睫 欧盟或考虑放宽转基因谷物和涉除草剂作物进口禁令随着全球主要原油和粮食产地卷入动荡，在口粮进口问题上坚持高标准的欧盟也开始担忧起吃饭问题。据媒体周一援引西班牙农业大臣路易斯·普拉纳斯(Luis Planas)称，欧盟可能会考虑临时取消从美国和南美进口转基因谷物的禁令，帮助农民度过眼下这段混乱的时光。西班牙和法国也已经提议豁免使用过除草剂的农产品进口，主要是为了增加库存以及寻找以玉米为主的重要谷物替代供应渠道，这些产品也是动物饲料的主要来源。公司新闻1、Uber调高第一季度业绩预期：消费者渴望重新出行据报道，Uber上调了2022年第一季度业绩预期，原因是疫情影响的出行需求的反弹速度快于预期。3月7日盘前交易中，Uber股价一度上涨约 2%。与此同时，竞争对手Lyft的股价也上涨了2%以上。Uber在提交给美国证券交易委员会（SEC）的文件中称，现预计，今年第一季度调整后的EBITDA（息税折旧及摊销前利润） 将在1.3亿美元至1.5亿美元之间，高于之前预期的1亿美元至1.3亿美元之间。2、英特尔自动驾驶业务部门Mobileye秘密提交IPO申请据报道，英特尔公司3月7日宣布，旗下自动驾驶汽车业务部门Mobileye已向美国证券交易委员会（SEC）秘密提交Form S-1注册声明草案，拟首次公开发行（IPO）Mobileye新股。目前，新股发售数量和价格尚未确定。IPO日期将在SEC完成评估程序后进行，具体时间还要取决于市场和其他条件。3、特斯拉大多头：柏林“超级工厂”获批 该股最大悬念被清除特斯拉知名大多头、投行Wedbush分析师Dan Ives于3月6日在给投资者的一份报告中表示，柏林“超级工厂”获批生产对特斯拉来说至关重要。Ives写道，“在德国当局表示特斯拉可以在柏林的新工厂开始生产后，特斯拉股票‘最大悬念’已经被消除。”4、Wedbush：春季发布会即将召开 予苹果“跑赢大盘”评级苹果将于当地时间3月8日上午10点（北京时间3月9日凌晨2点）举办2022年春季发布会。市场普遍预计它将推出具有5G功能的新款iPhone SE，以及使用其M系列芯片的新iPad Air和Mac。Wedbush Securities认为，以上所有产品将成为苹果的“受欢迎产品”。Wedbush分析师Dan Ives予苹果“跑赢大盘”评级，目标价为200美元。5、煤炭巨头皮博迪一度暴跌超24%，被迫在煤价飙升时追加大额保证金3月7日周一，全球最大的私营煤炭公司皮博迪能源在美股市场一度暴跌超24%，从上周五所创的2019年5月中旬以来近三年高位大幅回落，接近抹去月内全部涨幅。这主要是由于公司发布公告称，与高盛达成一项融资安排，后者提供1.5亿美元的无担保可多次提取信贷额度，以支持煤矿主要位于美国和澳大利亚的皮博迪公司“近期内潜在的流动性需求”。6、拒绝跟风！优衣库创始人称将继续在俄经营业务俄乌冲突升级以后，西方国家对俄罗斯采取制裁措施的同时，欧美大型企业也纷纷从该国撤离。尽管一波又一波的公司选择退出俄罗斯市场，但也有公司拒绝跟风，坚持继续运营在俄罗斯的业务。7、巴菲特谈增持西方石油：五天投了45亿美元，能买多少买多少伯克希尔哈撒韦公司董事长沃伦-巴菲特在周一的一次采访中披露了他最近大手笔增持西方石油公司股份的经过，称他在上周五个交易日内豪掷45亿美元，买入了9120万股，按当前股价计算价值超过了50亿美元。","news_type":1,"symbols_score_info":{"MNQmain":0.9,"QLD":0.9,".DJI":0.9,"PSQ":0.9,"03086":0.9,"SQQQ":0.9,"NQmain":0.9,"QQQ":0.9,"QID":0.9,".SPX":0.9,".IXIC":0.9,"TQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":2961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096732943,"gmtCreate":1644458339571,"gmtModify":1676533929312,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096732943","repostId":"1130668023","repostType":2,"repost":{"id":"1130668023","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644451115,"share":"https://ttm.financial/m/news/1130668023?lang=en_US&edition=fundamental","pubTime":"2022-02-10 07:58","market":"hk","language":"zh","title":"Last night and this morning | Don't be afraid of CPI! U.S. stocks continue to explode","url":"https://stock-news.laohu8.com/highlight/detail?id=1130668023","media":"老虎资讯综合","summary":"摘要：①欧美股市集体收涨，纳指涨2.08%，中概股普涨；②黄金创两周来最高收盘价；③伦铝进一步逼近历史高位；④美通胀数据呼之欲出，或成美联储是否加息50个基点的线索。海外市场1、欧美股市集体收涨！科技","content":"<p><html><head></head><body>Abstract: ① European and American stock markets collectively closed higher, the Nasdaq rose 2.08%, and Chinese concept stocks generally rose; ② Gold hit its highest closing price in two weeks; ③ Lun Aluminum further approaches historical highs; ④ U.S. inflation data is about to come out, or it may be a clue to whether the Fed will rate hike by 50 basis points. Overseas Market</p><p>1. European and American stock markets collectively closed up! Technology stocks are strong, the Nasdaq rose more than 2%</p><p>The three major U.S. stock indexes collectively closed higher. The sell-off in U.S. bonds paused, and the 10-year U.S. bond yield, which approached 2% on Tuesday, paused from a more than two-year high, easing some pressure on technology stocks and making the market battered in recent weeks by concerns about tightening monetary policy. Breathe.</p><p>As of the close, the Dow closed up 0.86%, the Nasdaq rose 2.08%, and the S&P 500 rose 1.45%.</p><p>Most large technology stocks in the U.S. stock market rose, and Meta's stock price rose 5.4%, the largest one-day increase since April 29, 2021.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And Netflix rose more than 2%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 1.6%,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Up 0.83%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Closed up nearly 1.1%, with only<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell slightly by 0.14%.</p><p>2. Popular Chinese concept stocks closed up on Wednesday, new energy vehicle stocks and education stocks rose sharply</p><p><a href=\"https://laohu8.com/S/DDL\">Dingdong Maicai</a>Rose nearly 22%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Rose more than 13%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 6%,<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Rose more than 4%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>, Ctrip rose nearly 4%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/BEST\">Best Group</a>Up more than 2%.</p><p>In the Education Unit,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Rose more than 12%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Rose more than 4%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Up nearly 3%; Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Rose more than 9%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars rose more than 5%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up nearly 4%.</p><p>3. European stocks collectively closed higher, and major stock indexes all rose by more than 1%.</p><p>Germany's DAX30 index rose 1.59%, France's CAC40 index rose 1.46%,<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 1.12%, Spain's IBEX35 index rose 1.96%, Italy's FTSE MIB index rose 2.66%, and Europe's Stoxx 50 index rose 1.82%.</p><p>4. Gold futures closed up 0.5% on Wednesday, hitting the highest closing price in two weeks</p><p>Gold posted gains for the fourth straight session as a fall in the dollar and U.S. Treasury Bond yields boosted the appeal of the safe-haven metal.</p><p>Adam Koos, president of Libertas Wealth Management Group, said the U.S. dollar clearly has long-term and short-term links to inflation, and its volatility can explain the volatility of metal prices. He pointed out that investors are waiting for the U.S. consumer price index (CPI) report to be released on Thursday.</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $8.70, or 0.5%, to close at $1,836.60 an ounce, the highest closing price since January 26.</p><p>5. U.S. WTI crude oil futures closed up 0.3% on Wednesday</p><p>Michael Hewson, chief market analyst at CMC Markets UK, said the resumption of indirect negotiations between the United States and Iran could \"lead to near-term weakness in crude oil prices\", but the two countries are \"still a long way from any agreement that may bring new crude oil supplies.\"</p><p>West Texas Intermediate crude oil (WTI) futures for March delivery on the New York Mercantile Exchange rose 30 cents, or 0.3%, to settle at $89.66 a barrel, reaching an intraday high of $90.58 a barrel. WTI crude oil futures closed down 2.2% on Tuesday.</p><p>6. Central bank policymakers try to dispel aggressive rate hike bets that multinational bonds are rising</p><p>The Italian 10-year Treasury Bond yield ended its seventh consecutive day of rising trend, and the German bond yield of the same maturity once fell by 5 basis points, which is poised to end the longest winning streak on record.</p><p>Francois Villeroy de Galhau, governor of the Bank of France, said investors may have overreacted as they believe there is a hawkish turn in the European Central Bank.</p><p>Huw Pill, chief economist of the Bank of England, called for reasonable monetary policy measures and expressed concern about taking unusually aggressive measures to tighten measures. Since then, the British 2-year Treasury Bond-the bond most sensitive to policy changes-has held on to its gains.</p><p>Yields fell 3 basis points to 1.30%, pulling back from a more than 10-year high hit on Tuesday.</p><p>7. Lun Aluminum further approaches historical highs and Lun Copper breaks through the US $10,000 mark</p><p>Industrial metals rose across the board. Lun aluminum maintained its continuous gains, further approaching the historical high set in 2008. However, the gains were slightly inferior to Lun copper, which rose nearly 3% and broke through the US $10,000 mark for the first time in four weeks.</p><p>Gold futures, supported by a fall in the U.S. dollar and U.S. bond yields, rose four consecutive days to a three-week high.</p><p>International macro</p><p>1. Federal Reserve Mester: Support rate hike at a faster speed than the last cycle</p><p>Cleveland Fed President Loretta Mester said it would be appropriate to expect a faster rate hike because inflation has risen significantly and the labor market is much tighter than in 2015.</p><p>\"Inflation remains facing upside risks,\" but the number and pace of the Fed's rate hike will \"depend on how the economic situation develops,\" Mester said in a prepared speech at a video seminar hosted by the European Economic and Financial Center. She reiterated her support for the March rate hike.</p><p>2. Federal Reserve Bostic: There may be more than three rate hike this year, but it depends on how the economy responds</p><p>Atlanta Fed President Raphael Bostic said on Wednesday that he expects three to four rate hike this year, but stressed that the Fed has not locked in specific plans.</p><p>Bostic's rate hike view is less aggressive than the market expects. \"On the rate hike side, I now expect three this year,\" he said. \"I'm kind of leaning towards four times, but also to see how the economy will react as we take the first policy steps in the first half of this year.\"</p><p>3. Heavy inflation data is about to come out or reveal clues about whether the Fed may rate hike by 50 basis points</p><p>One of the most important data released before the Federal Reserve's March meeting will be the January Consumer Price Index (CPI) released on Thursday. Federal Reserve Chairman Jerome Powell has already hinted that the March meeting will kick-start rate hike.</p><p>CPI is expected to rise 7.2% year-on-year in January, the largest increase since 1982. That could prompt the Fed to consider a 50 basis point rate hike for the first time since 2000, rather than the customary practice of adding 25 basis points.</p><p>4. U.S. lawmakers say they have reached a framework agreement on the 2022 spending bill</p><p>Key Republicans and Democrats in the U.S. Congress have taken an important step in the direction of providing year-round funding for the federal government.</p><p>They reached an agreement on a broad framework, so that it can add details in the coming weeks, and then pass a fiscal spending package that may reach $1.5 trillion.</p><p>5. Not only senior Fed officials, U.S. congressmen are expected to vote on the ban on stock buying and selling within this year</p><p>Do you still remember the new trading regulations of the Federal Reserve that banned the buying and selling of individual stocks and bonds for \"its own people\" after a series of \"stock speculation\" storms by senior Federal Reserve officials last year? Perhaps in the near future, stock trading by U.S. congressmen and relatives may also become a ban.</p><p>According to CNBC news on Wednesday, as House Speaker Pelosi's attitude changes and Senate Majority Leader Schumer expresses support for the ban, substantial progress is expected on the bill to ban U.S. lawmakers and relatives from trading in stocks.</p><p>6. Bank reserves may drop by up to $500 billion in the \"early\" stage of the Fed's quantitative tightening</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It is pointed out that as the Fed begins quantitative tightening, liquidity withdrawal may first be reflected in allowing banks to reduce excess reserves, and reserves are expected to decline faster than the use of the Fed's overnight reverse repurchase tool.</p><p>Mark Cabana and Katie Craig wrote in their Feb. 9 report that the process has already begun and that bank reserves could be reduced by $250-500 billion in the early days of quantitative tightening.</p><p>7. U.S. used car prices hit a new high, but the tightest period of supply chain may be over</p><p>America's largest cars<a href=\"https://laohu8.com/S/300959\">Online and Offline</a>The Manheim Used Vehicle Value Index (Manheim Used Vehicle Value Index) owned by (O2O) trading platform Cox Automotive was basically flat as early as January this year compared with December last year, with a month-on-month increase of only 0.04%.</p><p>This index tracks the wholesale price at which U.S. auto dealers buy used cars for sale, as well as the types of used cars purchased by dealers and miles traveled. According to the analysis, the latest data sends a heavy signal that the price of used cars in the United States, which has surged in the past year, is leveling off.</p><p>8. The Bank of England's chief economist hints that the central bank will not sell British debt soon</p><p>Bank of England chief economist Huw Pill doused expectations that the central bank would soon start selling British Treasury Bond once interest rates hit 1%.</p><p>Speaking to the Society of Professional Economists on Wednesday, Pill said: \"The 1% rate is not a trigger point. It's just a consideration.\"</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1104459137\" target=\"_blank\">ARM is most likely to go public on Nasdaq: Will deal a major blow to London</a></p><p>Analysts say this will have a negative impact on the British government and<a href=\"https://laohu8.com/S/LSE.UK\">London Stock Exchange</a>Deal a major blow.</p><p>Yesterday,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>(NVIDIA) and SoftBank Group jointly announced that the two parties have decided to terminate the previously reached acquisition of ARM. After the deal was cancelled, SoftBank plans to take ARM public by March 2023. SoftBank CEO Masayoshi Son said today that ARM may be listed on Nasdaq in the United States, not in the UK.</p><p>Masayoshi Son said: \"Regarding the ARM listing location, the United States is the market we are considering, most likely Nasdaq. But no matter where it is, the United States is the ARM listing location we are looking forward to.\"</p><p>2、<a href=\"https://ttm.financial/NW/2210552817\" target=\"_blank\">Third time this month! Tesla recalls another 26,681 vehicles</a></p><p>Tesla said it has not found any casualties or accidents related to this recall, but the NHTSA said that in some cases, Tesla vehicles may reduce the visibility of the windshield, which will increase the risk of vehicle collisions.</p><p>There aren't many options left for investors. First, investors should pay attention to the recall data, and rightfully so. In addition to this, investors should also get a better understanding of the overall quality of the vehicle. Good or bad quality is enough to change market share and stock price in the long run. Fortunately, tracking the quality of vehicles is not impossible.</p><p>3、<a href=\"https://ttm.financial/NW/2210155121\" target=\"_blank\">Samsung releases new Galaxy S22 series products, which will be launched globally on the 25th</a></p><p>The Galaxy S22 series still consists of three models, namely S22, S22 + and S22 Ultra. The S22 and S22 + use 6.1-inch and 6.6-inch straight screen designs respectively, while the S22 Ultra uses a 6.8-inch curved screen with 2K ultra-high resolution. The S22 Ultra is the first product in the S series to have a built-in stylus \"S Pen\", following the design of the Note series.</p><p>4、<a href=\"https://ttm.financial/NW/2210055927\" target=\"_blank\">Intel CEO: Tight chip supply is expected to continue throughout 2023</a></p><p>Intel (INTC.O) CEO Pat Gelsinger said the company expects chip supply to remain tight until at least the end of 2023, and the supply situation will not improve until 2025-2030, when wafer factory output of Intel and other manufacturers will increase, to meet growing demand and upgrading to technology.</p><p>5、<a href=\"https://ttm.financial/NW/2210639695\" target=\"_blank\">Centennial Disney's revenue rose 34% year-on-year, shares surged 8% after-hours</a></p><p>The financial report shows that, boosted by Disney's theme park and resort business, Disney's first-quarter revenue was $21.82 billion, higher than analysts' expectations of $20.91 billion. Its streaming service Disney + added nearly 12 million subscribers to 129.8 million, also ahead of analyst expectations of 125.75 million.</p><p>6、<a href=\"https://laohu8.com/NW/2210563013\" target=\"_blank\">Uber's Q4 financial report exceeded expectations, and its stock price rose more than 5% after hours</a></p><p>After the U.S. stock market closed on February 9 (Wednesday), Eastern Time,<a href=\"https://laohu8.com/S/UBER\">Uber</a>Announced fourth quarter and full year results for 2021. The financial report shows that Uber's Q4 revenue was US $5.778 billion, a year-on-year increase of 83% from US $3.165 billion in the same period last year, and the market expected US $5.357 billion; The net profit attributable to the company was US $892 million, compared with a loss of US $968 million in the same period last year, and the market expected a loss of US $682 million; Diluted earnings per share were US $0.44, compared with a loss of US $0.54 in the same period last year, and market expectations for a loss of US $0.36.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning | Don't be afraid of CPI! U.S. stocks continue to explode</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLast night and this morning | Don't be afraid of CPI! U.S. stocks continue to explode\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-02-10 07:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Abstract: ① European and American stock markets collectively closed higher, the Nasdaq rose 2.08%, and Chinese concept stocks generally rose; ② Gold hit its highest closing price in two weeks; ③ Lun Aluminum further approaches historical highs; ④ U.S. inflation data is about to come out, or it may be a clue to whether the Fed will rate hike by 50 basis points. Overseas Market</p><p>1. European and American stock markets collectively closed up! Technology stocks are strong, the Nasdaq rose more than 2%</p><p>The three major U.S. stock indexes collectively closed higher. The sell-off in U.S. bonds paused, and the 10-year U.S. bond yield, which approached 2% on Tuesday, paused from a more than two-year high, easing some pressure on technology stocks and making the market battered in recent weeks by concerns about tightening monetary policy. Breathe.</p><p>As of the close, the Dow closed up 0.86%, the Nasdaq rose 2.08%, and the S&P 500 rose 1.45%.</p><p>Most large technology stocks in the U.S. stock market rose, and Meta's stock price rose 5.4%, the largest one-day increase since April 29, 2021.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And Netflix rose more than 2%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 1.6%,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Up 0.83%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Closed up nearly 1.1%, with only<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell slightly by 0.14%.</p><p>2. Popular Chinese concept stocks closed up on Wednesday, new energy vehicle stocks and education stocks rose sharply</p><p><a href=\"https://laohu8.com/S/DDL\">Dingdong Maicai</a>Rose nearly 22%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Rose more than 13%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 6%,<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Rose more than 4%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>, Ctrip rose nearly 4%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/BEST\">Best Group</a>Up more than 2%.</p><p>In the Education Unit,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Rose more than 12%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Rose more than 4%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Up nearly 3%; Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Rose more than 9%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars rose more than 5%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up nearly 4%.</p><p>3. European stocks collectively closed higher, and major stock indexes all rose by more than 1%.</p><p>Germany's DAX30 index rose 1.59%, France's CAC40 index rose 1.46%,<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 1.12%, Spain's IBEX35 index rose 1.96%, Italy's FTSE MIB index rose 2.66%, and Europe's Stoxx 50 index rose 1.82%.</p><p>4. Gold futures closed up 0.5% on Wednesday, hitting the highest closing price in two weeks</p><p>Gold posted gains for the fourth straight session as a fall in the dollar and U.S. Treasury Bond yields boosted the appeal of the safe-haven metal.</p><p>Adam Koos, president of Libertas Wealth Management Group, said the U.S. dollar clearly has long-term and short-term links to inflation, and its volatility can explain the volatility of metal prices. He pointed out that investors are waiting for the U.S. consumer price index (CPI) report to be released on Thursday.</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $8.70, or 0.5%, to close at $1,836.60 an ounce, the highest closing price since January 26.</p><p>5. U.S. WTI crude oil futures closed up 0.3% on Wednesday</p><p>Michael Hewson, chief market analyst at CMC Markets UK, said the resumption of indirect negotiations between the United States and Iran could \"lead to near-term weakness in crude oil prices\", but the two countries are \"still a long way from any agreement that may bring new crude oil supplies.\"</p><p>West Texas Intermediate crude oil (WTI) futures for March delivery on the New York Mercantile Exchange rose 30 cents, or 0.3%, to settle at $89.66 a barrel, reaching an intraday high of $90.58 a barrel. WTI crude oil futures closed down 2.2% on Tuesday.</p><p>6. Central bank policymakers try to dispel aggressive rate hike bets that multinational bonds are rising</p><p>The Italian 10-year Treasury Bond yield ended its seventh consecutive day of rising trend, and the German bond yield of the same maturity once fell by 5 basis points, which is poised to end the longest winning streak on record.</p><p>Francois Villeroy de Galhau, governor of the Bank of France, said investors may have overreacted as they believe there is a hawkish turn in the European Central Bank.</p><p>Huw Pill, chief economist of the Bank of England, called for reasonable monetary policy measures and expressed concern about taking unusually aggressive measures to tighten measures. Since then, the British 2-year Treasury Bond-the bond most sensitive to policy changes-has held on to its gains.</p><p>Yields fell 3 basis points to 1.30%, pulling back from a more than 10-year high hit on Tuesday.</p><p>7. Lun Aluminum further approaches historical highs and Lun Copper breaks through the US $10,000 mark</p><p>Industrial metals rose across the board. Lun aluminum maintained its continuous gains, further approaching the historical high set in 2008. However, the gains were slightly inferior to Lun copper, which rose nearly 3% and broke through the US $10,000 mark for the first time in four weeks.</p><p>Gold futures, supported by a fall in the U.S. dollar and U.S. bond yields, rose four consecutive days to a three-week high.</p><p>International macro</p><p>1. Federal Reserve Mester: Support rate hike at a faster speed than the last cycle</p><p>Cleveland Fed President Loretta Mester said it would be appropriate to expect a faster rate hike because inflation has risen significantly and the labor market is much tighter than in 2015.</p><p>\"Inflation remains facing upside risks,\" but the number and pace of the Fed's rate hike will \"depend on how the economic situation develops,\" Mester said in a prepared speech at a video seminar hosted by the European Economic and Financial Center. She reiterated her support for the March rate hike.</p><p>2. Federal Reserve Bostic: There may be more than three rate hike this year, but it depends on how the economy responds</p><p>Atlanta Fed President Raphael Bostic said on Wednesday that he expects three to four rate hike this year, but stressed that the Fed has not locked in specific plans.</p><p>Bostic's rate hike view is less aggressive than the market expects. \"On the rate hike side, I now expect three this year,\" he said. \"I'm kind of leaning towards four times, but also to see how the economy will react as we take the first policy steps in the first half of this year.\"</p><p>3. Heavy inflation data is about to come out or reveal clues about whether the Fed may rate hike by 50 basis points</p><p>One of the most important data released before the Federal Reserve's March meeting will be the January Consumer Price Index (CPI) released on Thursday. Federal Reserve Chairman Jerome Powell has already hinted that the March meeting will kick-start rate hike.</p><p>CPI is expected to rise 7.2% year-on-year in January, the largest increase since 1982. That could prompt the Fed to consider a 50 basis point rate hike for the first time since 2000, rather than the customary practice of adding 25 basis points.</p><p>4. U.S. lawmakers say they have reached a framework agreement on the 2022 spending bill</p><p>Key Republicans and Democrats in the U.S. Congress have taken an important step in the direction of providing year-round funding for the federal government.</p><p>They reached an agreement on a broad framework, so that it can add details in the coming weeks, and then pass a fiscal spending package that may reach $1.5 trillion.</p><p>5. Not only senior Fed officials, U.S. congressmen are expected to vote on the ban on stock buying and selling within this year</p><p>Do you still remember the new trading regulations of the Federal Reserve that banned the buying and selling of individual stocks and bonds for \"its own people\" after a series of \"stock speculation\" storms by senior Federal Reserve officials last year? Perhaps in the near future, stock trading by U.S. congressmen and relatives may also become a ban.</p><p>According to CNBC news on Wednesday, as House Speaker Pelosi's attitude changes and Senate Majority Leader Schumer expresses support for the ban, substantial progress is expected on the bill to ban U.S. lawmakers and relatives from trading in stocks.</p><p>6. Bank reserves may drop by up to $500 billion in the \"early\" stage of the Fed's quantitative tightening</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It is pointed out that as the Fed begins quantitative tightening, liquidity withdrawal may first be reflected in allowing banks to reduce excess reserves, and reserves are expected to decline faster than the use of the Fed's overnight reverse repurchase tool.</p><p>Mark Cabana and Katie Craig wrote in their Feb. 9 report that the process has already begun and that bank reserves could be reduced by $250-500 billion in the early days of quantitative tightening.</p><p>7. U.S. used car prices hit a new high, but the tightest period of supply chain may be over</p><p>America's largest cars<a href=\"https://laohu8.com/S/300959\">Online and Offline</a>The Manheim Used Vehicle Value Index (Manheim Used Vehicle Value Index) owned by (O2O) trading platform Cox Automotive was basically flat as early as January this year compared with December last year, with a month-on-month increase of only 0.04%.</p><p>This index tracks the wholesale price at which U.S. auto dealers buy used cars for sale, as well as the types of used cars purchased by dealers and miles traveled. According to the analysis, the latest data sends a heavy signal that the price of used cars in the United States, which has surged in the past year, is leveling off.</p><p>8. The Bank of England's chief economist hints that the central bank will not sell British debt soon</p><p>Bank of England chief economist Huw Pill doused expectations that the central bank would soon start selling British Treasury Bond once interest rates hit 1%.</p><p>Speaking to the Society of Professional Economists on Wednesday, Pill said: \"The 1% rate is not a trigger point. It's just a consideration.\"</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1104459137\" target=\"_blank\">ARM is most likely to go public on Nasdaq: Will deal a major blow to London</a></p><p>Analysts say this will have a negative impact on the British government and<a href=\"https://laohu8.com/S/LSE.UK\">London Stock Exchange</a>Deal a major blow.</p><p>Yesterday,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>(NVIDIA) and SoftBank Group jointly announced that the two parties have decided to terminate the previously reached acquisition of ARM. After the deal was cancelled, SoftBank plans to take ARM public by March 2023. SoftBank CEO Masayoshi Son said today that ARM may be listed on Nasdaq in the United States, not in the UK.</p><p>Masayoshi Son said: \"Regarding the ARM listing location, the United States is the market we are considering, most likely Nasdaq. But no matter where it is, the United States is the ARM listing location we are looking forward to.\"</p><p>2、<a href=\"https://ttm.financial/NW/2210552817\" target=\"_blank\">Third time this month! Tesla recalls another 26,681 vehicles</a></p><p>Tesla said it has not found any casualties or accidents related to this recall, but the NHTSA said that in some cases, Tesla vehicles may reduce the visibility of the windshield, which will increase the risk of vehicle collisions.</p><p>There aren't many options left for investors. First, investors should pay attention to the recall data, and rightfully so. In addition to this, investors should also get a better understanding of the overall quality of the vehicle. Good or bad quality is enough to change market share and stock price in the long run. Fortunately, tracking the quality of vehicles is not impossible.</p><p>3、<a href=\"https://ttm.financial/NW/2210155121\" target=\"_blank\">Samsung releases new Galaxy S22 series products, which will be launched globally on the 25th</a></p><p>The Galaxy S22 series still consists of three models, namely S22, S22 + and S22 Ultra. The S22 and S22 + use 6.1-inch and 6.6-inch straight screen designs respectively, while the S22 Ultra uses a 6.8-inch curved screen with 2K ultra-high resolution. The S22 Ultra is the first product in the S series to have a built-in stylus \"S Pen\", following the design of the Note series.</p><p>4、<a href=\"https://ttm.financial/NW/2210055927\" target=\"_blank\">Intel CEO: Tight chip supply is expected to continue throughout 2023</a></p><p>Intel (INTC.O) CEO Pat Gelsinger said the company expects chip supply to remain tight until at least the end of 2023, and the supply situation will not improve until 2025-2030, when wafer factory output of Intel and other manufacturers will increase, to meet growing demand and upgrading to technology.</p><p>5、<a href=\"https://ttm.financial/NW/2210639695\" target=\"_blank\">Centennial Disney's revenue rose 34% year-on-year, shares surged 8% after-hours</a></p><p>The financial report shows that, boosted by Disney's theme park and resort business, Disney's first-quarter revenue was $21.82 billion, higher than analysts' expectations of $20.91 billion. Its streaming service Disney + added nearly 12 million subscribers to 129.8 million, also ahead of analyst expectations of 125.75 million.</p><p>6、<a href=\"https://laohu8.com/NW/2210563013\" target=\"_blank\">Uber's Q4 financial report exceeded expectations, and its stock price rose more than 5% after hours</a></p><p>After the U.S. stock market closed on February 9 (Wednesday), Eastern Time,<a href=\"https://laohu8.com/S/UBER\">Uber</a>Announced fourth quarter and full year results for 2021. The financial report shows that Uber's Q4 revenue was US $5.778 billion, a year-on-year increase of 83% from US $3.165 billion in the same period last year, and the market expected US $5.357 billion; The net profit attributable to the company was US $892 million, compared with a loss of US $968 million in the same period last year, and the market expected a loss of US $682 million; Diluted earnings per share were US $0.44, compared with a loss of US $0.54 in the same period last year, and market expectations for a loss of US $0.36.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130668023","content_text":"摘要：①欧美股市集体收涨，纳指涨2.08%，中概股普涨；②黄金创两周来最高收盘价；③伦铝进一步逼近历史高位；④美通胀数据呼之欲出，或成美联储是否加息50个基点的线索。海外市场1、欧美股市集体收涨！科技股强势纳指涨超2%美股三大指数集体收涨。美债抛售潮暂歇，周二逼近2%的10年期美债收益率暂别两年多来高位，这缓解了科技股的部分压力，令近几周因担心货币政策收紧而遭受重创的市场得以喘息。截至收盘，道指收涨0.86%，纳指涨2.08%，标普500指数涨1.45%。美股大型科技股多数上涨，Meta的股价上涨5.4%，创下2021年4月29日以来最大单日涨幅，微软和奈飞涨超2%，谷歌母公司Alphabet上涨了1.6%，苹果上涨0.83%，特斯拉收涨近1.1%，只有亚马逊微跌0.14%。2、热门中概股周三收盘普涨 新能源汽车股、教育股大涨叮咚买菜涨近22%，爱奇艺涨超13%，哔哩哔哩涨超6%，搜狐、网易涨超4%，京东、携程涨近4%，百度、百世集团涨超2%。教育股中，高途涨超12%，新东方涨超4%，好未来涨近3%；新能源汽车股中，小鹏汽车涨超9%，蔚来汽车涨超5%，理想汽车涨近4%。3、欧股集体收涨 主要股指均涨超1%德国DAX30指数涨1.59%，法国CAC40指数涨1.46%，英国富时100指数涨1.12%，西班牙IBEX35指数涨1.96%，意大利富时MIB指数涨2.66%，欧洲斯托克50指数涨1.82%。4、周三黄金期货收高0.5% 创两周来最高收盘价随着美元和美国国债收益率回落提振了避险金属的吸引力，金价连续第四个交易日录得涨幅。Libertas财富管理集团总裁Adam Koos表示，美元显然与通胀有长期和短期的联系，其波动可以解释金属价格的波动。他指出投资者正在等待周四将公布的美国消费者物价指数（CPI）报告。纽约商品交易所4月交割的黄金期货价格上涨8.70美元，涨幅0.5%，收于每盎司1836.60美元，创1月26日以来的最高收盘价。5、美国WTI原油期货周三收高0.3%CMC Markets UK首席市场分析师Michael Hewson表示，美国和伊朗恢复间接谈判可能“导致近期原油价格疲软”，但两国“距离任何可能带来新的原油供应的协议还有很长的路要走。”纽约商品交易所3月交割的西德克萨斯中质原油（WTI）期货价格上涨30美分，涨幅0.3%，收于每桶89.66美元，盘中最高达到每桶90.58美元。周二WTI原油期货收跌2.2%。6、央行决策者试图打消激进的加息押注 多国债券纷纷上扬意大利10年期国债收益率结束了连续第七天走高的态势，同期限德债收益率一度下跌5个基点，势将结束有记录以来最长连涨。法国央行行长Francois Villeroy de Galhau表示，投资者们认为欧洲央行出现鹰派转向，他们可能反应过度了。英国央行首席经济学家Huw Pill呼吁货币政策措施要有理有度，对于采取异常激进的举措来收紧措施表达了担忧，此后英国2年期国债--对于政策变化最为敏感的债券--守住了涨势。收益率下跌3个基点，至1.30%，从周二触及的逾10年高点回落。7、伦铝进一步逼近历史高位 伦铜突破1万美元关口工业金属全线上涨，伦铝保持连日涨势，进一步逼近2008年所创的历史高位，但涨势稍逊伦铜，伦铜涨近3%、四周来首度突破1万美元关口。得到美元和美债收益率回落支持的黄金期货连涨四日，创三周新高。国际宏观1、美联储Mester：支持用比上次周期更快的速度加息克利夫兰联储行长Loretta Mester表示，预计以更快的速度加息将是合适之举，因为跟2015年相比，通胀率显著上升而且劳动力市场偏紧得多。“通胀仍面临上行风险，”但美联储的加息次数和速度将“取决于经济形势发展，”Mester在欧洲经济金融中心主办的视频研讨会上发表事先准备好的演讲称。她重申支持3月加息。2、美联储Bostic：今年可能加息三次以上 但要看经济如何反应美国亚特兰大联储主席Raphael Bostic周三表示，他预计今年将加息三到四次，但强调美联储并未锁定具体计划。Bostic的加息观点不如市场预期的激进。“在加息方面，我现在预计今年有三次，”他说。“我有点倾向于四次，但在我们在今年上半年迈出政策第一步时，还要看看经济会如何反应。”3、重磅通胀数据呼之欲出 或透露美联储是否可能加息50个基点的线索在美联储3月会议前出炉的最重要的数据之一，将是周四发布的1月消费者价格指数（CPI）。美联储主席杰罗姆·鲍威尔已经暗示3月会议将启动加息。1月CPI预计同比上涨7.2%，将是1982年以来最大涨幅。这可能会促使美联储考虑自2000年以来首次加息50个基点，而不是加25个基点的惯例做法。4、美国国会议员称就2022年支出法案达成了框架协议美国国会关键的共和党人和民主党人朝着为联邦政府提供全年资金的方向迈出了重要一步。他们就一个广泛的框架达成协议，从而使其可以在未来几周补充细节，进而通过规模可能达到1.5万亿美元的一揽子财政支出计划。5、不仅仅是美联储高官，美国国会议员买卖股票禁令有望在年内表决还记得去年一连串美联储高官“炒股”风波后美联储针对“自己人”禁止买卖个股和债券的交易新规么？可能在不久的将来，美国国会议员及亲属炒股或将同样成为禁令。据CNBC周三消息称，随着众议院议长佩洛西的态度转变以及参议院多数派领袖舒默对禁令表达支持后，有关禁止美国议员及亲属炒股的议案有望出现实质性进展。6、美联储量化紧缩“早期”阶段银行准备金最高或下降5000亿美元美国银行指出，随着美联储开始量化紧缩，流动性回笼可能首先体现在允许银行减少超额准备金，准备金下降的速度料快于美联储隔夜逆回购工具使用量降速。Mark Cabana和Katie Craig在2月9日的报告中写道，这个过程已经开始，在量化紧缩的早期，银行准备金可能会减少2500-5000亿美元。7、美国二手车价格再创新高，但供应链最紧张时期可能已经过去美国最大汽车线上线下（O2O）交易平台Cox Automotive旗下的曼海姆二手车价值指数（Manheim Used Vehicle Value Index）早今年1月较去年12月基本持平，环比仅上涨0.04%。这一指数追踪美国汽车经销商购买待售二手车的批发价格，以及经销商购买的二手车类型和行驶里程。分析称，最新数据发出了一个重磅信号，即过去一年激增的美国二手车价格正趋于平稳。8、英国央行首席经济学家暗示央行不会很快抛售英债英国央行首席经济学家Huw Pill浇灭了市场对一旦利率达到1%，央行将很快开始抛售英国国债的预期。Pill在周三对Society of Professional Economists发表讲话称：“1%的利率不是触发点。只是一个考虑的因素。”公司新闻1、ARM最可能在纳斯达克上市：将对伦敦造成重大打击分析人士称，这将对英国政府和伦敦证券交易所造成重大打击。昨日，英伟达（NVIDIA）和软银集团联合宣布，双方已决定终止之前达成的收购ARM交易。交易被取消后，软银计划在2023年3月之前让ARM上市。而软银CEO孙正义今日表示，ARM可能在美国纳斯达克上市，而非英国本土。孙正义说：“关于ARM上市地点，美国是我们正在考虑的市场，最有可能的是纳斯达克。但无论在哪里，美国都是我们期待的ARM上市地。”2、本月内第三次！特斯拉又召回了26681辆汽车特斯拉表示，目前还没有发现与此次召回有关的任何伤亡或事故，但NHTSA表示，在某些情况下，特斯拉汽车可能会降低挡风玻璃的可见度，将会增加车辆发生碰撞的风险。留给投资者的选择并不多。首先，投资者应该关注召回数据，这是理所当然的。除此之外，投资者还应该更好地了解车辆的整体质量。从长远来看，质量好坏足以改变市场份额和股价。所幸对车辆质量的追踪并不是无计可施。3、三星发布Galaxy S22系列新品，25日将在全球上市Galaxy S22系列依旧是三款机型，分别是S22、S22+及S22 Ultra。S22和S22+分别采用6.1英寸和6.6英寸直屏设计，S22 Ultra采用6.8英寸曲面屏，采用2K超高分辨率。S22 Ultra是S系列首款内置手写笔“S Pen”的产品，沿袭Note系列设计。4、英特尔CEO：预计芯片供应紧张情况会持续2023年全年英特尔（INTC.O）首席执行官Pat Gelsinger表示，公司预计芯片供应至少到2023年末都将保持紧张，2025-2030年供应形势才会有所好转，届时英特尔和其他制造商的晶圆工厂产量将增加，满足不断增长的需求和向技术的更新换代。5、百年迪士尼营收同比增长34%，盘后股价飙升8%财报显示，受到迪斯尼主题公园和度假区业务的提振，迪士尼第一财季营收为218.2亿美元，高于分析师预期的209.1亿美元。其流媒体服务Disney+订阅用户数新增近1200万用户至1.298亿，同样高于分析师预期1.2575亿。6、优步Q4财报超预期，盘后股价涨逾5%美东时间2月9日（周三）美股盘后，优步公布2021年第四季度及全年业绩。财报显示，优步Q4营收57.78亿美元，较上年同期31.65亿美元同比增长83%，市场预期53.57亿美元；归属于公司净利润8.92亿美元，上年同期亏损9.68亿美元，市场预期亏损6.82亿美元；摊薄每股收益为0.44美元，上年同期亏损为0.54美元，市场预期亏损0.36美元。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9091601815,"gmtCreate":1643847395671,"gmtModify":1676533862494,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091601815","repostId":"2208936459","repostType":2,"isVote":1,"tweetType":1,"viewCount":1932,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004909056,"gmtCreate":1642465876690,"gmtModify":1676533712838,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004909056","repostId":"1176644706","repostType":4,"repost":{"id":"1176644706","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642433272,"share":"https://ttm.financial/m/news/1176644706?lang=en_US&edition=fundamental","pubTime":"2022-01-17 23:27","market":"us","language":"zh","title":"Sources say Nio is expanding offices in California and may be preparing to start sales in the United States","url":"https://stock-news.laohu8.com/highlight/detail?id=1176644706","media":"老虎资讯综合","summary":"新的美国总部将支持蔚来汽车的研究和数字开发、测试、组装、仓储和运营。","content":"<p><html><head></head><body>It is reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The American subsidiary of Automobile recently signed a ten-year office building lease in San Jose, California, doubling the floor space of its headquarters compared with the current level, with the expanded office space of nearly 18,580 square meters.</p><p>The lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support research and digital development, testing, assembly, warehousing and operations of Nio vehicles, according to the Mercury News investigation. It was previously reported that Nio North America opened recruitment postings for 46 positions on LinkedIn, including the head of user infrastructure construction and preparation.</p><p><img src=\"https://static.tigerbbs.com/6c3ad3a29ec10b9d0e9777301dc4e23b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sources say Nio is expanding offices in California and may be preparing to start sales in the United States</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSources say Nio is expanding offices in California and may be preparing to start sales in the United States\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-01-17 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>It is reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The American subsidiary of Automobile recently signed a ten-year office building lease in San Jose, California, doubling the floor space of its headquarters compared with the current level, with the expanded office space of nearly 18,580 square meters.</p><p>The lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support research and digital development, testing, assembly, warehousing and operations of Nio vehicles, according to the Mercury News investigation. It was previously reported that Nio North America opened recruitment postings for 46 positions on LinkedIn, including the head of user infrastructure construction and preparation.</p><p><img src=\"https://static.tigerbbs.com/6c3ad3a29ec10b9d0e9777301dc4e23b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3380231cb191ca9bea37a0c70765537d","relate_stocks":{"NIO":"蔚来"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176644706","content_text":"据悉，蔚来汽车美国子公司最近签署了一份为期十年的加利福尼亚州圣何塞办公楼租约，将其总部的占地面积相比当前翻了一番，扩租后的办公室将近18,580平米。Mercury News的调查显示，该租约由房地产公司高力（Colliers）促成，该公司指出，新的美国总部将支持蔚来汽车的研究和数字开发、测试、组装、仓储和运营。此前报道称，蔚来北美在LinkedIn上开放了对46个职位的招聘信息，包括用户基础设施建设和准备负责人。","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004900734,"gmtCreate":1642465864220,"gmtModify":1676533712821,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004900734","repostId":"1176644706","repostType":4,"repost":{"id":"1176644706","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642433272,"share":"https://ttm.financial/m/news/1176644706?lang=en_US&edition=fundamental","pubTime":"2022-01-17 23:27","market":"us","language":"zh","title":"Sources say Nio is expanding offices in California and may be preparing to start sales in the United States","url":"https://stock-news.laohu8.com/highlight/detail?id=1176644706","media":"老虎资讯综合","summary":"新的美国总部将支持蔚来汽车的研究和数字开发、测试、组装、仓储和运营。","content":"<p><html><head></head><body>It is reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The American subsidiary of Automobile recently signed a ten-year office building lease in San Jose, California, doubling the floor space of its headquarters compared with the current level, with the expanded office space of nearly 18,580 square meters.</p><p>The lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support research and digital development, testing, assembly, warehousing and operations of Nio vehicles, according to the Mercury News investigation. It was previously reported that Nio North America opened recruitment postings for 46 positions on LinkedIn, including the head of user infrastructure construction and preparation.</p><p><img src=\"https://static.tigerbbs.com/6c3ad3a29ec10b9d0e9777301dc4e23b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sources say Nio is expanding offices in California and may be preparing to start sales in the United States</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSources say Nio is expanding offices in California and may be preparing to start sales in the United States\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-01-17 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>It is reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The American subsidiary of Automobile recently signed a ten-year office building lease in San Jose, California, doubling the floor space of its headquarters compared with the current level, with the expanded office space of nearly 18,580 square meters.</p><p>The lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support research and digital development, testing, assembly, warehousing and operations of Nio vehicles, according to the Mercury News investigation. It was previously reported that Nio North America opened recruitment postings for 46 positions on LinkedIn, including the head of user infrastructure construction and preparation.</p><p><img src=\"https://static.tigerbbs.com/6c3ad3a29ec10b9d0e9777301dc4e23b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3380231cb191ca9bea37a0c70765537d","relate_stocks":{"NIO":"蔚来"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176644706","content_text":"据悉，蔚来汽车美国子公司最近签署了一份为期十年的加利福尼亚州圣何塞办公楼租约，将其总部的占地面积相比当前翻了一番，扩租后的办公室将近18,580平米。Mercury News的调查显示，该租约由房地产公司高力（Colliers）促成，该公司指出，新的美国总部将支持蔚来汽车的研究和数字开发、测试、组装、仓储和运营。此前报道称，蔚来北美在LinkedIn上开放了对46个职位的招聘信息，包括用户基础设施建设和准备负责人。","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005431588,"gmtCreate":1642379159368,"gmtModify":1676533705487,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005431588","repostId":"1105926115","repostType":4,"repost":{"id":"1105926115","kind":"news","weMediaInfo":{"introduction":"解密财经，透视真相。为您传递第一手新鲜财经深度报道。","home_visible":1,"media_name":"棱镜","id":"91","head_image":"https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8"},"pubTimestamp":1642304577,"share":"https://ttm.financial/m/news/1105926115?lang=en_US&edition=fundamental","pubTime":"2022-01-16 11:42","market":"us","language":"zh","title":"He XPeng: The whole story of \"Dreamer in the Sky\" building cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1105926115","media":"棱镜","summary":"跻身国内顶级企业家群，何小鹏还是没有学会迎合观众期待值去“讲故事”。2021年年底，何小鹏在接受腾讯新闻《财约你》专访时，大多数时间都沉浸在自己所畅想的出行世界中。在专访的最后，《财约你》向他提出了几","content":"<p><html><head></head><body>Being among the top entrepreneurs in China, He XPeng still hasn't learned to \"tell stories\" to cater to the audience's expectations.</p><p>At the end of 2021, He XPeng was accepting<a href=\"https://laohu8.com/S/00700\">Tencent</a>During the exclusive interview with the news \"Wealth About You\", I spent most of my time immersed in the travel world I imagined. At the end of the exclusive interview, \"Cai Yue You\" asked him several quick questions, and he got stuck in the quick answer, even though the questions were relatively relaxed and pleasant.</p><p>\"Join<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Four years, when was your happiest moment? \" \"Wealth appointment with you\" asked.</p><p>\"I can't remember,\" He XPeng replied.</p><p>\"Among the post-80s entrepreneurs, which one do you like best, Wang Xing, Zhang Yiming and Huang Zheng?\" \"Cai Yue You\" asked again.</p><p>\"It's hard to say.\" After thinking for a second, He XPeng still didn't give an answer.</p><p>This is his usual style. On the one hand, XPeng Motors launched a high-profile \"aircraft\" and laid out its products in the air, making the outside world feel that the head of this new car-making force is frivolous and flamboyant; On the other hand, in the four years of building cars, He XPeng has never got rid of the traces of the personality of a product manager. He is introverted and cautious, and those who are uncertain would rather avoid it than talk nonsense.</p><p>2021 is a year for XPeng vehicles to counterattack, with deliveries reaching 98,155 vehicles, surpassing<a href=\"https://laohu8.com/S/NIO\">Nio</a>And ideal, the \"Wei Xiaoli\" pattern of new car-making forces that have been stable for many years has become \"Xiao Weili\".</p><p>However, with the entry of Huawei and Xiaomi and the strong efforts of traditional car companies,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The automobile industry is on the rise again. Who can go more steadily and further in this battlefield? An important factor is the character and pattern of the founder.</p><p>\"Many of the genes of an enterprise come from the genes of the founder. If the founder saves, the enterprise will also save.\" He XPeng said, \"I am from a technical background, pursuing technological innovation and product differences, and I am pragmatic. I hope these can become a symbol, mind and culture, and go global.\"</p><p>Using his own name as a brand makes He XPeng deeply tied to XPeng Automobile, and both glory and humiliation. He XPeng told \"Cai You\" that this represents his attitude and responsibility.</p><p>In August and November 2021, \"Financial Ask You\" held two in-depth dialogues with He XPeng in Beijing and Guangzhou, trying to dig into his deep personality traits and business logic.</p><p><img src=\"https://static.tigerbbs.com/53642452f6c22de755e1e8657036e330\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/></p><p><b>Second-time adventurer</b></p><p>In his bones, XPeng He is a tossing and adventurous person, which is in sharp contrast to his shy appearance and low-key hairstyle.</p><p>He XPeng, who was born in an ordinary family in Huangshi, Hubei Province, had not been out of the province before the college entrance examination and had not eaten<a href=\"https://laohu8.com/S/MCD\">McDonald's</a>Not to mention taking a plane. At that time, he had a belief that it was better to travel thousands of miles than to read thousands of books. When filling in his volunteers in the college entrance examination, his only goal was to go to school outside the province, especially in developed cities like Beishangguang, to see the outside world. He was eventually admitted to South China University of Technology in Guangzhou.</p><p>Now, He XPeng has extended this concept to the education of children. As long as their lives and health are not seriously threatened, children can take risks and explore something.</p><p>When one of his sons was two years old, he was particularly naughty, full of curiosity about pressure cookers, and his little hands always wanted to touch them. Generally, parents will stop it immediately, but He XPeng has a different way to deal with it. He grabbed his son's hand and carefully let him touch it. As a result, his son was burned and cried, and he never dared to touch the pressure cooker again.</p><p>These personality traits were also highlighted in his entrepreneurial process.</p><p>In June 2014, UC browser founded by He XPeng was sold at a high price of US $4 billion<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The acquisition brought him huge wealth. US $4 billion was also the highest merger and acquisition price of China's Internet at that time.</p><p>Subsequently, He XPeng joined Ali and successively served as the president of Ali Mobile Business Group, the chairman of Ali Games, and the president of Tudou. Many people think that He XPeng will be a rich man with peace of mind, and there will be no such product manager in the entrepreneurial world. But in the year of \"cashing out\", He XPeng began to plan to re-start new energy vehicles, and invested in XPeng vehicles, which were also called \"Orange Travel Zhidong\" at that time.</p><p>\"When I first saw smart electric vehicles, I immediately thought of the jump from the Symbian era or JAVA era to the smart era.\" He XPeng said.</p><p>The UC browser founded by He XPeng spans the two eras of Symbian and Intelligence. This experience makes him naturally sensitive to the new changes in the traditional industry of automobiles. He felt that when this jump just happened, people in the industry were often reluctant to believe this change because they were vested interests.</p><p>It was also during the sleeping period of this kind of industry that he felt that he had a chance to tear a hole.</p><p>\"People from the Internet industry are particularly daring to think, which is a characteristic of our long-term work.\" He XPeng said.</p><p>In 2015, He XPeng went to an auto show. At that time, what left a deep impression on him was that 75 new cars were released in one day at that auto show, which made him deeply feel that the cruelty of competition in the automobile industry is far greater than that in the Internet industry.</p><p>\"Imagine, if the Internet industry releases 75 UC browsers a day, will there be pressure? The competition of automobiles is global competition, technological competition, brand and word-of-mouth competition.\" He XPeng said.</p><p>This makes He XPeng, who is born to love adventure, more determined to \"go into the water\".</p><p><b>\"Talk to people with your head up\"</b></p><p>At that time, the success of UC browser, why did XPeng accumulate a lot of contacts and wealth, and when he decided to devote himself to smart cars, how to divert these resources to new projects and convince the old guys that he could still bear hardships and start a business? He XPeng urgently needed to solve the problem. His answer is, first all in himself.</p><p>\"My friends say that if you dare to all in, then we can support you,\" He XPeng said. \"If I didn't go all out, work nine to five every day, and spend my money on financial management, how can others believe me?\"</p><p>After joining the entrepreneurship of smart cars, learning from traditional cars has become an important job for him. He often tells colleagues and friends about a mistake that ordinary people tend to make: using limited information and correct logic, drawing wrong conclusions. The reason for this is that the information obtained is incomplete, which he thinks is a very terrible thing.</p><p>\"In the old field, you may already be a doctoral student, but in the new field, you are still in kindergarten. Would you like to squat down and talk to others with your head tilted up?\" XPeng He said.</p><p>He XPeng has always looked up at the automobile industry. He believes that mobile phones are already a great combination of software and hardware, but a four-or five-meter-long car is a more complex combination of software and hardware with larger imagination space.</p><p>When he decided to devote himself wholeheartedly to XPeng Automobile, his early partner, Yu Yongfu, the current CEO of Alibaba Local Life, and chairman of AutoNavi Group, once gave him a suggestion, and it was the only suggestion-let him find someone who can check and balance himself. Because He XPeng has too many ideas, but not all of them are correct.</p><p>Nowadays, there are many people in XPeng Motors' top management who can check and balance him, and their management structure has also attracted much attention from the outside world. In an exclusive interview with \"Caiyue You\", He XPeng also talked about the checks and balances and cooperation of management for the first time.</p><p>At present, there are four people standing at the top of XPeng's automobile power: He XPeng, Xia Heng, Gu Hongdi, and He Tao. He XPeng is from the Internet industry, Xia Heng and He Tao are from the automotive technology field, and Gu Hongdi is from the financial field. All four of them are very young. He XPeng and Gu Hongdi are born in the 1970s, while Xia Heng and He Tao are born in the 1980s.</p><p>He XPeng bluntly said that in the first year and a half of their cooperation, there were many challenges. Facing the same thing, the four people had different strategies and solutions because they came from different fields.</p><p>For example, at that time, someone suggested setting up a forum within the company to allow employees to post and make suggestions at will. This is a common thing in Internet companies, and He XPeng thought it was enough to do it.</p><p>But this is a \"shouldn't\" thing in the automobile industry. Unlike Internet companies, car companies have a large number of partners and suppliers, and there are many types of jobs. The sharp questions raised by the employees on the forum not only fail to promote the solution of the problem, but sometimes lead to misunderstanding because the information sources are too diverse, which makes the solution of the problem stagnate.</p><p>As a result, the four had a heated argument over the matter. Since then, they have adjusted the forum to solve some important and intense issues through other channels, instead of letting ten or twenty thousand people have invalid discussions in the forum.</p><p>\"Many times, the founders of enterprises are too familiar with an industry, or the perspective is too unified. Right is the same right, and wrong may be the same wrong.\" He XPeng said. \"Balance can make enterprises reach an organic and compromising point.\"</p><p><b>Say no to \"involution\"</b></p><p>2020 is the peak period of He XPeng's second venture. In August of this year, XPeng Motor landed on the New York Stock Exchange, with a market value of US $14.9 billion that day. This is a highlight moment that he couldn't match when he founded UC Browser.</p><p>Today, the stock price of XPeng Motor has tripled, and He XPeng's net worth has risen. According to real-time data from Forbes, he is now worth US $8 billion, surpassing Nio Motor Li Bin's US $4.8 billion, becoming the richest man of the new Chinese car-making force.</p><p><img src=\"https://static.tigerbbs.com/7d75beebe9dfbb968a731155d3840ae8\" tg-width=\"877\" tg-height=\"1904\" referrerpolicy=\"no-referrer\"/></p><p>However, after its listing, the pace of XPeng Motors has not slowed down. The release of P7 and P5 allowed them to own family cars and coupes in the price range of 200,000-400,000, while the appearance of G9 at last year's guangzhou auto show completed the gap of medium and large SUV models. They have also taken an important step in internationalization, taking Norway as the bridgehead and opening up the European market; Aerial vehicles were also developed to prepare for the \"air battle\" a few years later.</p><p>\"For us, listing can get more support from the capital market, which allows us to do some medium and long-term thinking.\" He XPeng said.</p><p>He XPeng is a long-termist. When he explained the name \"XPeng\" to \"Cai Yue You\", he said that \"small\" represents an initial intention and always young. When it comes to enterprise management, he will always remind himself to move forward, without big enterprise diseases and being unable to satisfy the status quo; \"Peng\" is a big bird, which can be turned into \"Kun\" and fly very high and far.</p><p>All along, the outside world has been quite criticizing the name \"XPeng\". Some people think that the name is rather earthy, while others think that it is too arrogant to name vehicles with their own names. After all, world-renowned car companies such as Honda and Mercedes-Benz will use the founder's name. He XPeng laughed to \"Wealth About You\": \"You will feel dirty when you read the first 100 times, but you won't read it for the 101st time.\"</p><p>He XPeng also has an expectation that in another 10 or 20 years, brands named after Chinese names will go global.</p><p>He XPeng has always been full of respect for Toyota, because they have trained a large number of engineers who can work in Toyota all their lives. This is particularly precious among today's Chinese start-ups. In an exclusive interview with \"Caiyue You\", He XPeng also bluntly stated that he hopes to create a lifelong service environment and mechanism for employees. For this reason, they have formulated a set of option incentive policies, hoping that employees will look further.</p><p>\"In the past 20 or 30 years, Chinese cars have grown a lot, but to be honest, Autobots are very hard. Before the new car-making forces came in, the treatment of Autobots was relatively low.\" He XPeng said.</p><p>At the same time, He XPeng also expects the company to continue to toss and innovate, such as letting employees change to different positions and engage in different jobs, which will give employees more opportunities so that they can work in the company for a long time.</p><p>He XPeng doesn't like the word \"involution\". Previously, the age of 35 was an insurmountable hurdle for many employees of Internet companies, and the news of dismissing employees over the age of 35 frequently caused heated discussions.</p><p>He XPeng said that he welcomed middle and senior talents over 35 years old to XPeng Motors. At present, XPeng also has employees over 60 years old. He believes that the automobile industry needs experienced and technically capable people, and these people are often older.</p><p>\"I don't pay much attention to whether the body is young, we pay attention to whether the mind is young,\" said XPeng He</p><p>Today's XPeng Automobile has gone through seven years. Compared with those well-known century-old car companies, it is still just a boy. However, their employees have exceeded 10,000, and in the next three years, XPeng plans to expand its employee scale to 50,000.</p><p>A question that He XPeng often thinks about is, if he is asked to be a screw, can the company be stronger? He believes that when an enterprise is small, it attaches importance to people. When an enterprise becomes big, it should attach importance to organization and system. Everyone, including him, is a part of the organizational system.</p><p><b>Product Manager Building Car Road</b></p><p>In 2021, the entry of Xiaomi and Huawei will make the smart car track full of unknowns.</p><p>Before Lei Jun decided to make a car, he made a long phone call to He XPeng, and exchanged views on the method of cutting in, capital situation, industry changes, etc.</p><p>He XPeng recognized Lei Jun's thinking and encouraged Lei Jun to build cars together. He believes that for many companies, the window for car manufacturing has been closed, but for companies like Huawei and Xiaomi, the window is still open, mainly because the accumulation of these companies over the years can be quickly converted into value.</p><p>For example, the technological accumulation of these companies can allow them to skip the pure electric vehicle link and directly enter the competition of smart cars. Before producing smart cars, XPeng had explored pure electric vehicles for a long time and gone through detours.</p><p>In He XPeng's consciousness, elitism is a concept that cannot be bypassed. In addition to his high admiration for elite companies such as Xiaomi and Huawei, the concept of product design is also full of elitism.</p><p>Years of product manager career have made him firmly believe that an ultimate product is unlikely to be completed by too many people, because different people will have different demands. If these different demands are finally balanced, then the product will be difficult to achieve the ultimate. The height of a product depends more on the talent height of the product manager.</p><p>He also believes that excellent product ideas come from views on the future, but many product managers will fall into the dilemma of blind people touching elephants and design based on existing consciousness. He believes that excellent product managers should have the ability to think by leaps and bounds.</p><p>In September 2020, the flying car released by XPeng Motors at the Beijing Auto Show was very \"leapfrog\", which once caused ridicule from the outside world-before the competition on the ground was over, they were thinking about \"air combat\".</p><p>At the press conference on November 18, 2021, He XPeng once again publicly announced that he has recruited many talents in the flight industry, clarified the overall framework of mass-produced flying cars in 2024, and hoped to build a flying car in a few years. A great flying car.</p><p>As a matter of fact, He XPeng, who loves to \"fly\", is still on the \"ground\" more often. During the two entrepreneurial processes, he needs to solve various problems.</p><p>Nowadays, \"chip shortage\" is a major problem facing the automobile industry. On November 18, after accepting an exclusive interview with \"Caiyue You\", He XPeng went to a conference about chips.</p><p>In 2021, the delivery volume of XPeng vehicles will surpass that of Nio, and it will monopolize the delivery rankings of new car-making forces. This is partly due to their management of the supply chain, which is less affected by the \"chip shortage\" impact. Nio Motors, on the other hand, was once suspended due to chip problems.</p><p>\"We have discussed it internally many times. In the short term, the problem of chip shortage will be difficult to solve. We expect this problem to be solved in three or four quarters.\" He XPeng said.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>He XPeng: The whole story of \"Dreamer in the Sky\" building cars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHe XPeng: The whole story of \"Dreamer in the Sky\" building cars\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/91\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">棱镜 </p>\n<p class=\"h-time smaller\">2022-01-16 11:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Being among the top entrepreneurs in China, He XPeng still hasn't learned to \"tell stories\" to cater to the audience's expectations.</p><p>At the end of 2021, He XPeng was accepting<a href=\"https://laohu8.com/S/00700\">Tencent</a>During the exclusive interview with the news \"Wealth About You\", I spent most of my time immersed in the travel world I imagined. At the end of the exclusive interview, \"Cai Yue You\" asked him several quick questions, and he got stuck in the quick answer, even though the questions were relatively relaxed and pleasant.</p><p>\"Join<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Four years, when was your happiest moment? \" \"Wealth appointment with you\" asked.</p><p>\"I can't remember,\" He XPeng replied.</p><p>\"Among the post-80s entrepreneurs, which one do you like best, Wang Xing, Zhang Yiming and Huang Zheng?\" \"Cai Yue You\" asked again.</p><p>\"It's hard to say.\" After thinking for a second, He XPeng still didn't give an answer.</p><p>This is his usual style. On the one hand, XPeng Motors launched a high-profile \"aircraft\" and laid out its products in the air, making the outside world feel that the head of this new car-making force is frivolous and flamboyant; On the other hand, in the four years of building cars, He XPeng has never got rid of the traces of the personality of a product manager. He is introverted and cautious, and those who are uncertain would rather avoid it than talk nonsense.</p><p>2021 is a year for XPeng vehicles to counterattack, with deliveries reaching 98,155 vehicles, surpassing<a href=\"https://laohu8.com/S/NIO\">Nio</a>And ideal, the \"Wei Xiaoli\" pattern of new car-making forces that have been stable for many years has become \"Xiao Weili\".</p><p>However, with the entry of Huawei and Xiaomi and the strong efforts of traditional car companies,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The automobile industry is on the rise again. Who can go more steadily and further in this battlefield? An important factor is the character and pattern of the founder.</p><p>\"Many of the genes of an enterprise come from the genes of the founder. If the founder saves, the enterprise will also save.\" He XPeng said, \"I am from a technical background, pursuing technological innovation and product differences, and I am pragmatic. I hope these can become a symbol, mind and culture, and go global.\"</p><p>Using his own name as a brand makes He XPeng deeply tied to XPeng Automobile, and both glory and humiliation. He XPeng told \"Cai You\" that this represents his attitude and responsibility.</p><p>In August and November 2021, \"Financial Ask You\" held two in-depth dialogues with He XPeng in Beijing and Guangzhou, trying to dig into his deep personality traits and business logic.</p><p><img src=\"https://static.tigerbbs.com/53642452f6c22de755e1e8657036e330\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/></p><p><b>Second-time adventurer</b></p><p>In his bones, XPeng He is a tossing and adventurous person, which is in sharp contrast to his shy appearance and low-key hairstyle.</p><p>He XPeng, who was born in an ordinary family in Huangshi, Hubei Province, had not been out of the province before the college entrance examination and had not eaten<a href=\"https://laohu8.com/S/MCD\">McDonald's</a>Not to mention taking a plane. At that time, he had a belief that it was better to travel thousands of miles than to read thousands of books. When filling in his volunteers in the college entrance examination, his only goal was to go to school outside the province, especially in developed cities like Beishangguang, to see the outside world. He was eventually admitted to South China University of Technology in Guangzhou.</p><p>Now, He XPeng has extended this concept to the education of children. As long as their lives and health are not seriously threatened, children can take risks and explore something.</p><p>When one of his sons was two years old, he was particularly naughty, full of curiosity about pressure cookers, and his little hands always wanted to touch them. Generally, parents will stop it immediately, but He XPeng has a different way to deal with it. He grabbed his son's hand and carefully let him touch it. As a result, his son was burned and cried, and he never dared to touch the pressure cooker again.</p><p>These personality traits were also highlighted in his entrepreneurial process.</p><p>In June 2014, UC browser founded by He XPeng was sold at a high price of US $4 billion<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The acquisition brought him huge wealth. US $4 billion was also the highest merger and acquisition price of China's Internet at that time.</p><p>Subsequently, He XPeng joined Ali and successively served as the president of Ali Mobile Business Group, the chairman of Ali Games, and the president of Tudou. Many people think that He XPeng will be a rich man with peace of mind, and there will be no such product manager in the entrepreneurial world. But in the year of \"cashing out\", He XPeng began to plan to re-start new energy vehicles, and invested in XPeng vehicles, which were also called \"Orange Travel Zhidong\" at that time.</p><p>\"When I first saw smart electric vehicles, I immediately thought of the jump from the Symbian era or JAVA era to the smart era.\" He XPeng said.</p><p>The UC browser founded by He XPeng spans the two eras of Symbian and Intelligence. This experience makes him naturally sensitive to the new changes in the traditional industry of automobiles. He felt that when this jump just happened, people in the industry were often reluctant to believe this change because they were vested interests.</p><p>It was also during the sleeping period of this kind of industry that he felt that he had a chance to tear a hole.</p><p>\"People from the Internet industry are particularly daring to think, which is a characteristic of our long-term work.\" He XPeng said.</p><p>In 2015, He XPeng went to an auto show. At that time, what left a deep impression on him was that 75 new cars were released in one day at that auto show, which made him deeply feel that the cruelty of competition in the automobile industry is far greater than that in the Internet industry.</p><p>\"Imagine, if the Internet industry releases 75 UC browsers a day, will there be pressure? The competition of automobiles is global competition, technological competition, brand and word-of-mouth competition.\" He XPeng said.</p><p>This makes He XPeng, who is born to love adventure, more determined to \"go into the water\".</p><p><b>\"Talk to people with your head up\"</b></p><p>At that time, the success of UC browser, why did XPeng accumulate a lot of contacts and wealth, and when he decided to devote himself to smart cars, how to divert these resources to new projects and convince the old guys that he could still bear hardships and start a business? He XPeng urgently needed to solve the problem. His answer is, first all in himself.</p><p>\"My friends say that if you dare to all in, then we can support you,\" He XPeng said. \"If I didn't go all out, work nine to five every day, and spend my money on financial management, how can others believe me?\"</p><p>After joining the entrepreneurship of smart cars, learning from traditional cars has become an important job for him. He often tells colleagues and friends about a mistake that ordinary people tend to make: using limited information and correct logic, drawing wrong conclusions. The reason for this is that the information obtained is incomplete, which he thinks is a very terrible thing.</p><p>\"In the old field, you may already be a doctoral student, but in the new field, you are still in kindergarten. Would you like to squat down and talk to others with your head tilted up?\" XPeng He said.</p><p>He XPeng has always looked up at the automobile industry. He believes that mobile phones are already a great combination of software and hardware, but a four-or five-meter-long car is a more complex combination of software and hardware with larger imagination space.</p><p>When he decided to devote himself wholeheartedly to XPeng Automobile, his early partner, Yu Yongfu, the current CEO of Alibaba Local Life, and chairman of AutoNavi Group, once gave him a suggestion, and it was the only suggestion-let him find someone who can check and balance himself. Because He XPeng has too many ideas, but not all of them are correct.</p><p>Nowadays, there are many people in XPeng Motors' top management who can check and balance him, and their management structure has also attracted much attention from the outside world. In an exclusive interview with \"Caiyue You\", He XPeng also talked about the checks and balances and cooperation of management for the first time.</p><p>At present, there are four people standing at the top of XPeng's automobile power: He XPeng, Xia Heng, Gu Hongdi, and He Tao. He XPeng is from the Internet industry, Xia Heng and He Tao are from the automotive technology field, and Gu Hongdi is from the financial field. All four of them are very young. He XPeng and Gu Hongdi are born in the 1970s, while Xia Heng and He Tao are born in the 1980s.</p><p>He XPeng bluntly said that in the first year and a half of their cooperation, there were many challenges. Facing the same thing, the four people had different strategies and solutions because they came from different fields.</p><p>For example, at that time, someone suggested setting up a forum within the company to allow employees to post and make suggestions at will. This is a common thing in Internet companies, and He XPeng thought it was enough to do it.</p><p>But this is a \"shouldn't\" thing in the automobile industry. Unlike Internet companies, car companies have a large number of partners and suppliers, and there are many types of jobs. The sharp questions raised by the employees on the forum not only fail to promote the solution of the problem, but sometimes lead to misunderstanding because the information sources are too diverse, which makes the solution of the problem stagnate.</p><p>As a result, the four had a heated argument over the matter. Since then, they have adjusted the forum to solve some important and intense issues through other channels, instead of letting ten or twenty thousand people have invalid discussions in the forum.</p><p>\"Many times, the founders of enterprises are too familiar with an industry, or the perspective is too unified. Right is the same right, and wrong may be the same wrong.\" He XPeng said. \"Balance can make enterprises reach an organic and compromising point.\"</p><p><b>Say no to \"involution\"</b></p><p>2020 is the peak period of He XPeng's second venture. In August of this year, XPeng Motor landed on the New York Stock Exchange, with a market value of US $14.9 billion that day. This is a highlight moment that he couldn't match when he founded UC Browser.</p><p>Today, the stock price of XPeng Motor has tripled, and He XPeng's net worth has risen. According to real-time data from Forbes, he is now worth US $8 billion, surpassing Nio Motor Li Bin's US $4.8 billion, becoming the richest man of the new Chinese car-making force.</p><p><img src=\"https://static.tigerbbs.com/7d75beebe9dfbb968a731155d3840ae8\" tg-width=\"877\" tg-height=\"1904\" referrerpolicy=\"no-referrer\"/></p><p>However, after its listing, the pace of XPeng Motors has not slowed down. The release of P7 and P5 allowed them to own family cars and coupes in the price range of 200,000-400,000, while the appearance of G9 at last year's guangzhou auto show completed the gap of medium and large SUV models. They have also taken an important step in internationalization, taking Norway as the bridgehead and opening up the European market; Aerial vehicles were also developed to prepare for the \"air battle\" a few years later.</p><p>\"For us, listing can get more support from the capital market, which allows us to do some medium and long-term thinking.\" He XPeng said.</p><p>He XPeng is a long-termist. When he explained the name \"XPeng\" to \"Cai Yue You\", he said that \"small\" represents an initial intention and always young. When it comes to enterprise management, he will always remind himself to move forward, without big enterprise diseases and being unable to satisfy the status quo; \"Peng\" is a big bird, which can be turned into \"Kun\" and fly very high and far.</p><p>All along, the outside world has been quite criticizing the name \"XPeng\". Some people think that the name is rather earthy, while others think that it is too arrogant to name vehicles with their own names. After all, world-renowned car companies such as Honda and Mercedes-Benz will use the founder's name. He XPeng laughed to \"Wealth About You\": \"You will feel dirty when you read the first 100 times, but you won't read it for the 101st time.\"</p><p>He XPeng also has an expectation that in another 10 or 20 years, brands named after Chinese names will go global.</p><p>He XPeng has always been full of respect for Toyota, because they have trained a large number of engineers who can work in Toyota all their lives. This is particularly precious among today's Chinese start-ups. In an exclusive interview with \"Caiyue You\", He XPeng also bluntly stated that he hopes to create a lifelong service environment and mechanism for employees. For this reason, they have formulated a set of option incentive policies, hoping that employees will look further.</p><p>\"In the past 20 or 30 years, Chinese cars have grown a lot, but to be honest, Autobots are very hard. Before the new car-making forces came in, the treatment of Autobots was relatively low.\" He XPeng said.</p><p>At the same time, He XPeng also expects the company to continue to toss and innovate, such as letting employees change to different positions and engage in different jobs, which will give employees more opportunities so that they can work in the company for a long time.</p><p>He XPeng doesn't like the word \"involution\". Previously, the age of 35 was an insurmountable hurdle for many employees of Internet companies, and the news of dismissing employees over the age of 35 frequently caused heated discussions.</p><p>He XPeng said that he welcomed middle and senior talents over 35 years old to XPeng Motors. At present, XPeng also has employees over 60 years old. He believes that the automobile industry needs experienced and technically capable people, and these people are often older.</p><p>\"I don't pay much attention to whether the body is young, we pay attention to whether the mind is young,\" said XPeng He</p><p>Today's XPeng Automobile has gone through seven years. Compared with those well-known century-old car companies, it is still just a boy. However, their employees have exceeded 10,000, and in the next three years, XPeng plans to expand its employee scale to 50,000.</p><p>A question that He XPeng often thinks about is, if he is asked to be a screw, can the company be stronger? He believes that when an enterprise is small, it attaches importance to people. When an enterprise becomes big, it should attach importance to organization and system. Everyone, including him, is a part of the organizational system.</p><p><b>Product Manager Building Car Road</b></p><p>In 2021, the entry of Xiaomi and Huawei will make the smart car track full of unknowns.</p><p>Before Lei Jun decided to make a car, he made a long phone call to He XPeng, and exchanged views on the method of cutting in, capital situation, industry changes, etc.</p><p>He XPeng recognized Lei Jun's thinking and encouraged Lei Jun to build cars together. He believes that for many companies, the window for car manufacturing has been closed, but for companies like Huawei and Xiaomi, the window is still open, mainly because the accumulation of these companies over the years can be quickly converted into value.</p><p>For example, the technological accumulation of these companies can allow them to skip the pure electric vehicle link and directly enter the competition of smart cars. Before producing smart cars, XPeng had explored pure electric vehicles for a long time and gone through detours.</p><p>In He XPeng's consciousness, elitism is a concept that cannot be bypassed. In addition to his high admiration for elite companies such as Xiaomi and Huawei, the concept of product design is also full of elitism.</p><p>Years of product manager career have made him firmly believe that an ultimate product is unlikely to be completed by too many people, because different people will have different demands. If these different demands are finally balanced, then the product will be difficult to achieve the ultimate. The height of a product depends more on the talent height of the product manager.</p><p>He also believes that excellent product ideas come from views on the future, but many product managers will fall into the dilemma of blind people touching elephants and design based on existing consciousness. He believes that excellent product managers should have the ability to think by leaps and bounds.</p><p>In September 2020, the flying car released by XPeng Motors at the Beijing Auto Show was very \"leapfrog\", which once caused ridicule from the outside world-before the competition on the ground was over, they were thinking about \"air combat\".</p><p>At the press conference on November 18, 2021, He XPeng once again publicly announced that he has recruited many talents in the flight industry, clarified the overall framework of mass-produced flying cars in 2024, and hoped to build a flying car in a few years. A great flying car.</p><p>As a matter of fact, He XPeng, who loves to \"fly\", is still on the \"ground\" more often. During the two entrepreneurial processes, he needs to solve various problems.</p><p>Nowadays, \"chip shortage\" is a major problem facing the automobile industry. On November 18, after accepting an exclusive interview with \"Caiyue You\", He XPeng went to a conference about chips.</p><p>In 2021, the delivery volume of XPeng vehicles will surpass that of Nio, and it will monopolize the delivery rankings of new car-making forces. This is partly due to their management of the supply chain, which is less affected by the \"chip shortage\" impact. Nio Motors, on the other hand, was once suspended due to chip problems.</p><p>\"We have discussed it internally many times. In the short term, the problem of chip shortage will be difficult to solve. We expect this problem to be solved in three or four quarters.\" He XPeng said.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3e9d0f16131bea4ece2670f7550b214b","relate_stocks":{"XPEV":"小鹏汽车","BK1539":"汽车股","BK1575":"同股不同权","09868":"小鹏汽车-W","BK4551":"寇图资本持仓","BK4099":"汽车制造商","BK4526":"热门中概股","BK1588":"回港中概股","BK1119":"汽车制造商","BK1587":"次新股","BK4505":"高瓴资本持仓","BK4555":"新能源车"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105926115","content_text":"跻身国内顶级企业家群，何小鹏还是没有学会迎合观众期待值去“讲故事”。2021年年底，何小鹏在接受腾讯新闻《财约你》专访时，大多数时间都沉浸在自己所畅想的出行世界中。在专访的最后，《财约你》向他提出了几个快问题，他在速答时出现了卡壳，即便问题都比较轻松愉快。“加入小鹏汽车四年，你最快乐的时刻是什么时候？”《财约你》问。“想不起来了。”何小鹏答。“80后创业者中，王兴、张一鸣、黄铮你最喜欢哪一个？”《财约你》再问。“不好说。”想了一秒钟，何小鹏依然没有给出答案。这是他一贯的风格。一方面，小鹏汽车高调推出“飞行器”，将产品布局在空中，让外界觉得这家造车新势力的掌门人轻狂、张扬；另一方面，造车4年，何小鹏始终没有摆脱产品经理的性格痕迹，内敛、谨慎，拿不准的宁可回避也不乱说。2021年是小鹏汽车逆袭的一年，交付量达到98155辆，超越了蔚来和理想，造车新势力稳固多年的“蔚小理”格局变成了“小蔚理”。不过，随着华为、小米的入局，传统车企的强势发力，智能汽车这个行业硝烟再起，谁能在这个战场里走得更稳、更远，一个重要的因素就是创始人的性格和格局。“一个企业的基因，很多是来自创始人身上的基因，如果创始人节约，那企业也会节约。”何小鹏说，“我是技术出身，追求技术上的创新、产品上的差异，也比较务实，我希望这些能够成为一种符号、心智和文化，走向全球。”用自己的名字做品牌让何小鹏与小鹏汽车深度捆绑，一荣俱荣，一辱俱辱。何小鹏向《财约你》表示，这代表了他的态度和责任。2021年的8月和11月，《财约你》在北京、广州两次深度对话何小鹏，试图挖掘他内心深处的性格特征和商业逻辑。二次创业的冒险家骨子里，何小鹏就是一个爱折腾、爱冒险的人，这与他腼腆的长相、低调的发型形成鲜明对比。出生于湖北黄石一个普通家庭的何小鹏，高考前没有出过省，没有吃过麦当劳，更没有坐过飞机。当时，他有一个信念，读万卷书不如行万里路，在高考填报志愿时，唯一的目标就是去省外上学，尤其是北上广这样的发达城市，去看看外面的世界。最终他被位于广州的华南理工大学录取。如今，何小鹏把这种理念延伸到对孩子的教育上，只要生命健康不被严重威胁，孩子们就可以去冒险探索一些事情。他的一个儿子在两岁时，特别调皮，对高压锅充满了好奇心，小手总是想去摸一下。一般的家长会马上制止，但何小鹏却有不同的处理方法。他抓着儿子的手，小心翼翼地让儿子摸了一下，结果儿子被烫哭了，再也不敢去摸高压锅了。这些性格特征在他的创业过程中也被彰显无遗。2014年6月，何小鹏创办的UC浏览器以40亿美元的高价被阿里巴巴收购，为他带来了巨额财富。40亿美元也是当时中国互联网最高的并购价。随后，何小鹏加入阿里，先后担任阿里移动事业群总裁、阿里游戏董事长、土豆总裁，很多人都认为何小鹏将会安心地做一个富豪，创业江湖中将不会再有这个产品经理的身影。但就在“套现”当年，何小鹏开始谋划新能源汽车的再创业，并投资了当时还叫“橙行智动”的小鹏汽车。“当我第一次看到智能电动车的时候，我马上想到的是从塞班时代或JAVA时代向智能时代的跳跃。”何小鹏说。何小鹏创办的UC浏览器正是跨越了塞班和智能两个时代，这经历让他对汽车这种个传统行业的新变化有着天然的敏感。他觉得，在这种跳跃刚刚发生时，行业里的人由于是既得利益者，往往不愿意相信这种变化。也正是在这种行业的沉睡期，让他觉得自己有机会可以撕开一个口子。“互联网行业出来的人，都特别敢想，这是我们长期工作形成的一个特点。”何小鹏说。2015年，何小鹏曾经去参加了一次车展。当时，给他留下深刻印象的是，那次车展一天发布了75款新车，这让他深感汽车行业竞争的残酷要远远大于互联网行业。“试想，如果互联网行业一天发布75个UC浏览器，会不会有压力？汽车的竞争是全球的竞争、科技的竞争、品牌和口碑的竞争。”何小鹏说。这让天生爱冒险的何小鹏更有“下水”一试的决心。“仰着头跟人说话”彼时，UC浏览器的成功为何小鹏积攒了大量的人脉和财富，决定投身智能汽车时，如何将这些资源引流到新项目上，让老伙计们相信他依然能够吃苦创业，是何小鹏急需解决的问题。他的答案是，首先自己all in。“朋友们说，既然你敢all in，那我们就可以支持你。”何小鹏说，“如果我没有全力以赴，每天朝九晚五，把自己的钱拿去理财，那别人怎么会相信我。”在投身智能汽车的创业之后，向传统汽车学习，成为了他的一个重要工作。他经常向同事、朋友讲述一个普通人容易犯的错误：用有限的信息，在正确的逻辑下，得出错误的结论。之所以这样，就是因为获得的信息不全面，他认为这是一件非常可怕的事情。“在原来的领域，你可能已经是博士生了，但是在新领域，你还是在上幼儿园，那你愿不愿意蹲下来，仰着头跟别人说话呢？”何小鹏说。何小鹏一直仰视着汽车这个行业，他认为，手机已经是一个了不起的软硬件结合体，但四五米长的汽车，是一个想象空间更大、更复杂的软硬件结合体。而在决定全身心投入到小鹏汽车时，他早期的合伙人、现任阿里本地生活CEO、高德集团董事长俞永福曾给了他一个建议，并且是唯一的建议——让他找一个可以制衡自己的人。因为何小鹏的想法太多，但不一定都正确。如今，小鹏汽车高层内部就有不少可以制衡他的人，他们的管理架构也备受外界关注。在接受《财约你》专访时，何小鹏也首次讲述了管理层的制衡和合作。目前，站在小鹏汽车权力顶层的有四个人：何小鹏、夏珩、顾宏地、何涛。何小鹏来自互联网行业，夏珩、何涛来自汽车技术领域，顾宏地则来自金融领域。四个人都很年轻，何小鹏、顾宏地是70后，夏珩、何涛则是80后。何小鹏直言，在他们合作的前一年半中，挑战很多，面对同一件事情，由于来自不同的领域，四人的策略、解决方案也不同。比如当时，有人建议在公司内部设立一个论坛，允许员工随意发帖，提建议，这在互联网公司里是一件常见的事情，何小鹏就觉得这件事做就行了。但这在汽车行业里是一件“不应该”的事情。与互联网公司不同，车企有大量的合作伙伴、供应商，岗位的类型也很多。论坛上的员工们提出的尖锐问题，不但不能促进问题的解决，有时还会因为信息来源过于多元造成误解，从而使得问题解决方案停滞不前。于是，四人在这件事上进行了激烈的争吵。此后，他们对论坛进行了调整，对于一些重要的、激烈的问题通过其他渠道进行解决，而不是在论坛里让一两万人进行无效讨论。“很多时候，企业创始人对一个行业太熟悉了，或者角度太统一，对是一样的对，错也可能是一样的错。”何小鹏说，“平衡能使企业达到一个有机、妥协的点。”对“内卷”说不2020年是何小鹏二次创业的高峰期。这一年的8月，小鹏汽车登陆纽交所，当天市值就高达149亿美金。这是他在创办UC浏览器时都比不上的高光时刻。如今，小鹏汽车的股价涨了三倍，何小鹏身家水涨船高。根据福布斯实时数据，他如今的身价达到80亿美元，超过了蔚来汽车李斌48亿美元，成为了中国造车新势力的首富。不过，上市之后，小鹏汽车的脚步没有放慢，P7、P5的发布让他们在20万-40万的价格区间拥有了家用轿车、轿跑，而G9在去年广州车展的亮相则补全了中大型SUV车型的空白。他们在国际化上也迈出了重要一步，以挪威为桥头堡，开拓了欧洲市场；还研制了空中飞行器，为几年后的“空战”做准备。“上市对于我们来说，可以获得资本市场更多的支持，这让我们能够做一些中长线的思考。”何小鹏说。何小鹏是一个长期主义者，他在向《财约你》解释“小鹏”这个名字的时候说，“小”代表一种初心，代表永远年轻，放在企业管理上，就会时刻提醒自己要向前，不能有大企业病，不能满足现状；“鹏”则是一种大鸟，可以化成“鲲”，飞得很高、很远。而一直以来，外界都对“小鹏”这个名字颇有非议，有觉得名字比较土的，也有认为用自己的名字来命名车辆太狂妄的，毕竟本田、奔驰这些世界知名车企才会用创始人名字。何小鹏则向《财约你》笑谈：“你读前100遍的时候会有土的感觉，但是第101遍就不会。”何小鹏也有个期待，就是再过10年、20年，用中国名字命名的品牌会走向世界。何小鹏一直都对丰田这家企业充满敬意，因为他们培养了大量的、可以一生都在丰田工作的工程师。这在今天的中国创业企业当中显得尤为珍贵。在接受《财约你》专访时，何小鹏也直言，希望能够为员工创造一个终生服务的环境和机制，为此他们制定了一套期权激励政策，就是希望员工们将目光放得更远。“过去二三十年，中国的汽车成长了很多，但说实话，汽车人是挺辛苦的，在造车新势力没有进来之前，汽车人的待遇也比较低。”何小鹏说。同时，何小鹏也期待公司能够继续折腾、创新，比如让员工换到不同的岗位，从事不同的工作，这会让员工获得更多的机会，从而能够在公司长时间干下去。何小鹏不喜欢“内卷”这个词。在此前，35岁曾是很多互联网公司员工难以逾越的坎，辞退35岁以上员工的新闻也频频引发热议。何小鹏则表示，他欢迎35岁以上的中高级段位的人才来到小鹏汽车，目前小鹏也有60岁以上的员工。他认为，汽车这个行业需要那些有经验的、技术实力强的人，而这些人的年龄往往都比较大。“我不太关注身体是否年轻，我们关注的是心态是否年轻。”何小鹏说如今的小鹏汽车已经走过了7个年头，与那些知名的百年车企相比，还只是个毛头小子。不过，他们的员工已经超过了万人，未来三年，小鹏还计划将员工规模扩大到5万人。何小鹏经常思考的一个问题是，如果让他做一个螺丝钉，公司是否还能做得更强？他认为，当企业很小的时候，重视的是人，当企业做大的时候，就要重视组织和体系，包括他在内，每个人都是组织体系的一部分。产品经理造车路2021年，小米、华为的入局，让智能汽车的赛道充满未知数。雷军在决定做汽车之前，曾经给何小鹏打过一个很长时间的电话，交流了切入的方法、资本的情况、行业的变革等。何小鹏对雷军的思考很认可，并鼓励雷军一起造车。他认为，对于很多企业来说，造车的窗口已经关闭，但对于华为、小米这样的企业来说，窗口仍然敞开着，主要是因为这些企业多年的积累可以迅速转换成价值。比如，这些企业在技术上的积累，可以让他们跳过纯电动车这个环节，直接进入到智能汽车的竞争中。而小鹏汽车在生产智能汽车之前，曾探索了很久纯电动车，走过了弯路。在何小鹏的意识中，精英主义是一个绕不过去的概念。他除了对小米、华为这样的精英企业倍加推崇之外，在产品设计的理念上也充满了精英主义的影子。多年的产品经理生涯，让他坚信，一个极致的产品不太可能由太多的人共同参与完成，因为不同的人会有不同的诉求，如果最后平衡了这些不同的诉求，那么产品就很难达到极致。一个产品的高度更依赖产品经理的天赋高度。他还认为，优秀的产品理念来自于对未来的看法，但是很多产品经理会陷入到盲人摸象的困境之中，基于已有的意识去设计。他认为，优秀的产品经理应该有跳跃性的思考能力。2020年9月，小鹏汽车在北京车展发布的飞行汽车器就很有“跳跃性”，这一度引起了外界对他们的嘲讽——地面上的竞争还没打完，就想着“空战”了。在2021年11月18日的发布会上，何小鹏再次公开对外宣布，已经招募了很多飞行行业的人才，明确将在2024年量产飞行汽车的整体框架，并希望用几年的时间打造一款很棒的飞行汽车。事实上，爱“飞翔”的何小鹏更多时候还是在“地上”，两次创业过程中，他需要解决各种各样的难题。时下，“芯片荒”是汽车行业面临的一大难题。11月18日，在接受《财约你》专访完之后，何小鹏就去参加了一个有关芯片的会议。在2021年，小鹏汽车的交付量超过了蔚来，独占造车新势力的交付排行榜榜首，这在一定程度上正是得益于他们对供应链的管理，较少受到“芯片荒”的影响。而蔚来汽车，则一度因为芯片问题，陷入停产状态。“我们内部讨论过很多次，短期内，芯片荒的问题很难解决，我们期待三四个季度后，这个问题能够得到解决吧。”何小鹏说。","news_type":1,"symbols_score_info":{"09868":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":2252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006160112,"gmtCreate":1641645042267,"gmtModify":1676533636860,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"htmlText":"😥","listText":"😥","text":"😥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006160112","repostId":"2201921034","repostType":4,"repost":{"id":"2201921034","kind":"highlight","pubTimestamp":1641600682,"share":"https://ttm.financial/m/news/2201921034?lang=en_US&edition=fundamental","pubTime":"2022-01-08 08:11","market":"hk","language":"zh","title":"Sister Wood's ARK fund is nearly cut in half, and the big Wall Street banks are also trembling","url":"https://stock-news.laohu8.com/highlight/detail?id=2201921034","media":"华尔街见闻","summary":"美联储放鹰后，木头姐ARK系列基金在表现一路下滑，其旗舰基金ARKK跌破52周低点，而华尔街投行挂钩ARK基金的结构性票据也无法置身事外，去年产生的至少50个与ARK相关的票据由于其与衍生产品分层，使得它们难以退出。","content":"<p><html><head></head><body>As the Federal Reserve's \"hawkish\" advanced rate hike expectations, causing U.S. bond yields to jump, investors' subsequent increase in interest rate expectations directly damaged high-valued stocks represented by technology stocks.</p><p>The rising Treasury Bond yield has made ARKK feel the pressure further. The 10-year Treasury Bond yield has gained 3 basis points today and 22 basis points for the week. At the beginning of 2022, Sister Wood's flagship fund<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK) had its worst start to the year in history, falling 7% in one day on Wednesday. As of the publication, ARKK has fallen by 12.24% since the beginning of the year, far exceeding the 5.3% decline of the Nasdaq 100 Index during the same period.</p><p><img src=\"https://static.tigerbbs.com/3ffb1d8d9fa141043bc72ccca4011163\" tg-width=\"839\" tg-height=\"469\" referrerpolicy=\"no-referrer\"/></p><p>All 8 ETFs owned by Sister Mumou have also fallen in trading days since 2022. On the fifth trading day of the beginning of the year, only the Israel Innovation Technology Fund (IZRL) did not fall. As of the publication, the increase reached 0.1%.</p><p><img src=\"https://static.tigerbbs.com/1d8281478946ed37be758ae5c7157afd\" tg-width=\"743\" tg-height=\"599\" referrerpolicy=\"no-referrer\"/></p><p>Not only was Sister Wood in the \"storm center\", but the \"storm\" also spread to Wall Street, because from<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Large investment banks to Goldman Sachs Group have been issuing structured notes directly linked to Wood Sister ARK series on-market funds.</p><p>The so-called Structured Notes is an investment tool that combines \"fixed-income products\" and \"derivative financial products\". Most of the principal is invested in fixed-income products through banks and other issuing institutions, and the remaining few are used to engage in the operation of derivative financial products, so as to achieve the purpose of ensuring the principal and asset appreciation.</p><p>Highly leveraged notes can provide huge upside returns but also painful downside losses, which is where 2021 and now heading into 2022 are headed. As long as ARK keeps rising, the banks that launch these products get big fees and benefits; However, once ARK falls, these notes become liabilities.</p><p>According to Bloomberg estimates, as of the beginning of last year, there were at least 50 structured notes related to ARK, worth more than $100 million, by<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>, Citigroup,<a href=\"https://laohu8.com/S/0HB5.UK\">BNP Paribas</a>Wait for the bank to issue it.</p><p>Due to the large leverage and difficulty in exiting structured bills, investors may face huge losses. While there is still a lot of time before the notes officially mature, investors in these products will all face principal losses based on recent movements.</p><p>Todd Rosenbluth, head of ETF and mutual fund research at CFRA, said:</p><p>Faithful investors in ARK's strategy want 2022 to be more like 2020 rather than a replica of 2021. Past performance success does not mean future results, and investors need to decide whether the possible rate of return in an environment of rising interest rates is worth their current risks. The European leveraged note, which was launched just last month and used to amplify ARK's return, fell as much as 17% during the week. The instruments set up to track ARK's returns have fallen, and those set up to achieve ARK's inverse performance have started the year the right way.</p><p>Funds that use ARK for reverse exposure trading as introduced in an earlier article on Wall Street News have been listed on exchanges one after another. Taking the Short Innovation ETF (SARK) under Tuttle Capital Management as an example, the cumulative increase year-to-date has reached 12.81%.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sister Wood's ARK fund is nearly cut in half, and the big Wall Street banks are also trembling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSister Wood's ARK fund is nearly cut in half, and the big Wall Street banks are also trembling\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-01-08 08:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>As the Federal Reserve's \"hawkish\" advanced rate hike expectations, causing U.S. bond yields to jump, investors' subsequent increase in interest rate expectations directly damaged high-valued stocks represented by technology stocks.</p><p>The rising Treasury Bond yield has made ARKK feel the pressure further. The 10-year Treasury Bond yield has gained 3 basis points today and 22 basis points for the week. At the beginning of 2022, Sister Wood's flagship fund<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK) had its worst start to the year in history, falling 7% in one day on Wednesday. As of the publication, ARKK has fallen by 12.24% since the beginning of the year, far exceeding the 5.3% decline of the Nasdaq 100 Index during the same period.</p><p><img src=\"https://static.tigerbbs.com/3ffb1d8d9fa141043bc72ccca4011163\" tg-width=\"839\" tg-height=\"469\" referrerpolicy=\"no-referrer\"/></p><p>All 8 ETFs owned by Sister Mumou have also fallen in trading days since 2022. On the fifth trading day of the beginning of the year, only the Israel Innovation Technology Fund (IZRL) did not fall. As of the publication, the increase reached 0.1%.</p><p><img src=\"https://static.tigerbbs.com/1d8281478946ed37be758ae5c7157afd\" tg-width=\"743\" tg-height=\"599\" referrerpolicy=\"no-referrer\"/></p><p>Not only was Sister Wood in the \"storm center\", but the \"storm\" also spread to Wall Street, because from<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Large investment banks to Goldman Sachs Group have been issuing structured notes directly linked to Wood Sister ARK series on-market funds.</p><p>The so-called Structured Notes is an investment tool that combines \"fixed-income products\" and \"derivative financial products\". Most of the principal is invested in fixed-income products through banks and other issuing institutions, and the remaining few are used to engage in the operation of derivative financial products, so as to achieve the purpose of ensuring the principal and asset appreciation.</p><p>Highly leveraged notes can provide huge upside returns but also painful downside losses, which is where 2021 and now heading into 2022 are headed. As long as ARK keeps rising, the banks that launch these products get big fees and benefits; However, once ARK falls, these notes become liabilities.</p><p>According to Bloomberg estimates, as of the beginning of last year, there were at least 50 structured notes related to ARK, worth more than $100 million, by<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>, Citigroup,<a href=\"https://laohu8.com/S/0HB5.UK\">BNP Paribas</a>Wait for the bank to issue it.</p><p>Due to the large leverage and difficulty in exiting structured bills, investors may face huge losses. While there is still a lot of time before the notes officially mature, investors in these products will all face principal losses based on recent movements.</p><p>Todd Rosenbluth, head of ETF and mutual fund research at CFRA, said:</p><p>Faithful investors in ARK's strategy want 2022 to be more like 2020 rather than a replica of 2021. Past performance success does not mean future results, and investors need to decide whether the possible rate of return in an environment of rising interest rates is worth their current risks. The European leveraged note, which was launched just last month and used to amplify ARK's return, fell as much as 17% during the week. The instruments set up to track ARK's returns have fallen, and those set up to achieve ARK's inverse performance have started the year the right way.</p><p>Funds that use ARK for reverse exposure trading as introduced in an earlier article on Wall Street News have been listed on exchanges one after another. Taking the Short Innovation ETF (SARK) under Tuttle Capital Management as an example, the cumulative increase year-to-date has reached 12.81%.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3649169\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0fb0479ff67cd3a760cdce353bcb60ed","relate_stocks":{"ARKK":"ARK Innovation ETF","BK4544":"ARK ETF合集"},"source_url":"https://wallstreetcn.com/articles/3649169","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2201921034","content_text":"随着美联储“放鹰”提前了加息预期，致使美债收益率跃升，投资者随之上调的利率预期直接损害了以科技股为代表的高估值股票。持续上升的国债收益率，让ARKK进一步感受到了压力。10年期国债收益率今天已上涨3个基点，本周上涨22个基点。2022年开年，木头姐的旗舰基金ARK Innovation ETF（ARKK）创史上最糟开年表现，本周三一天就跌了7%。截止发文，ARKK开年来累计下跌12.24%，远超同期纳斯达克100指数的跌幅5.3%。木头姐旗下8只ETF在2022年以来的交易日中也悉数下跌，在开年第五个交易日盘中，只有以色列创新技术基金（IZRL）没有下跌，截止发文，涨幅达0.1%。不光木头姐在“风暴中心”，“风暴”还波及到华尔街，因为从摩根大通到高盛集团的大型投资银行一直在发行与木头姐ARK系列场内基金直接挂钩的结构性票据。所谓结构性票据Structured Notes，就是一种结合“固定收益型产品”及“衍生性金融产品”的投资工具，通过银行等发行机构将大部分的本金投资于固定收益产品，利用剩余少数的本金从事衍生性金融产品的操作，同时达到保障本金与资产增值的目的。高杠杆票据可以提供巨大的上行回报，但也会带来惨痛的下行损失，这就是2021年和现在进入2022年的方向。只要ARK持续上涨，推出这些产品的银行就能获得大笔费用和收益；然而，一旦ARK下跌，这些票据就会变成负债。根据彭博社估计，截至去年年初，至少有50种与ARK相关的结构性票据，价值超过1亿美元，由摩根士丹利、花旗集团、法国巴黎银行等银行发行。由于结构性票据较大的杠杆和难以退出的特点，投资者或将面临超大的损失。虽然距离票据正式到期还有很多时间，但根据最近的走势，这些产品的投资者都将面临本金损失。CFRA的ETF和共同基金研究主管Todd Rosenbluth表示：ARK策略的忠实投资者希望2022年能更像2020年，而不是2021年的翻版。过去的业绩成功并不代表未来的结果，投资者需要决定在利率上升的环境中，可能来带的回报率是否值得他们承受如今的风险。就在上个月推出的被用来放大ARK的回报欧洲杠杆票据，在本周内盘中跌幅高达17%。为追踪ARK的回报而设立的工具已经下跌，而那些为实现ARK的反向表现而设立的工具则以正确的方式开始了今年的工作。华尔街见闻稍早前文章介绍过的以ARK进行反向敞口交易的基金陆续在交易所上市，以Tuttle Capital Management旗下的Short Innovation ETF（SARK）为例，年初至今累计涨幅达12.81%。","news_type":1,"symbols_score_info":{"ARKK":1}},"isVote":1,"tweetType":1,"viewCount":2662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9096732943,"gmtCreate":1644458339571,"gmtModify":1676533929312,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096732943","repostId":"1130668023","repostType":2,"repost":{"id":"1130668023","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644451115,"share":"https://ttm.financial/m/news/1130668023?lang=en_US&edition=fundamental","pubTime":"2022-02-10 07:58","market":"hk","language":"zh","title":"Last night and this morning | Don't be afraid of CPI! U.S. stocks continue to explode","url":"https://stock-news.laohu8.com/highlight/detail?id=1130668023","media":"老虎资讯综合","summary":"摘要：①欧美股市集体收涨，纳指涨2.08%，中概股普涨；②黄金创两周来最高收盘价；③伦铝进一步逼近历史高位；④美通胀数据呼之欲出，或成美联储是否加息50个基点的线索。海外市场1、欧美股市集体收涨！科技","content":"<p><html><head></head><body>Abstract: ① European and American stock markets collectively closed higher, the Nasdaq rose 2.08%, and Chinese concept stocks generally rose; ② Gold hit its highest closing price in two weeks; ③ Lun Aluminum further approaches historical highs; ④ U.S. inflation data is about to come out, or it may be a clue to whether the Fed will rate hike by 50 basis points. Overseas Market</p><p>1. European and American stock markets collectively closed up! Technology stocks are strong, the Nasdaq rose more than 2%</p><p>The three major U.S. stock indexes collectively closed higher. The sell-off in U.S. bonds paused, and the 10-year U.S. bond yield, which approached 2% on Tuesday, paused from a more than two-year high, easing some pressure on technology stocks and making the market battered in recent weeks by concerns about tightening monetary policy. Breathe.</p><p>As of the close, the Dow closed up 0.86%, the Nasdaq rose 2.08%, and the S&P 500 rose 1.45%.</p><p>Most large technology stocks in the U.S. stock market rose, and Meta's stock price rose 5.4%, the largest one-day increase since April 29, 2021.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And Netflix rose more than 2%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 1.6%,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Up 0.83%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Closed up nearly 1.1%, with only<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell slightly by 0.14%.</p><p>2. Popular Chinese concept stocks closed up on Wednesday, new energy vehicle stocks and education stocks rose sharply</p><p><a href=\"https://laohu8.com/S/DDL\">Dingdong Maicai</a>Rose nearly 22%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Rose more than 13%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 6%,<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Rose more than 4%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>, Ctrip rose nearly 4%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/BEST\">Best Group</a>Up more than 2%.</p><p>In the Education Unit,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Rose more than 12%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Rose more than 4%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Up nearly 3%; Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Rose more than 9%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars rose more than 5%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up nearly 4%.</p><p>3. European stocks collectively closed higher, and major stock indexes all rose by more than 1%.</p><p>Germany's DAX30 index rose 1.59%, France's CAC40 index rose 1.46%,<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 1.12%, Spain's IBEX35 index rose 1.96%, Italy's FTSE MIB index rose 2.66%, and Europe's Stoxx 50 index rose 1.82%.</p><p>4. Gold futures closed up 0.5% on Wednesday, hitting the highest closing price in two weeks</p><p>Gold posted gains for the fourth straight session as a fall in the dollar and U.S. Treasury Bond yields boosted the appeal of the safe-haven metal.</p><p>Adam Koos, president of Libertas Wealth Management Group, said the U.S. dollar clearly has long-term and short-term links to inflation, and its volatility can explain the volatility of metal prices. He pointed out that investors are waiting for the U.S. consumer price index (CPI) report to be released on Thursday.</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $8.70, or 0.5%, to close at $1,836.60 an ounce, the highest closing price since January 26.</p><p>5. U.S. WTI crude oil futures closed up 0.3% on Wednesday</p><p>Michael Hewson, chief market analyst at CMC Markets UK, said the resumption of indirect negotiations between the United States and Iran could \"lead to near-term weakness in crude oil prices\", but the two countries are \"still a long way from any agreement that may bring new crude oil supplies.\"</p><p>West Texas Intermediate crude oil (WTI) futures for March delivery on the New York Mercantile Exchange rose 30 cents, or 0.3%, to settle at $89.66 a barrel, reaching an intraday high of $90.58 a barrel. WTI crude oil futures closed down 2.2% on Tuesday.</p><p>6. Central bank policymakers try to dispel aggressive rate hike bets that multinational bonds are rising</p><p>The Italian 10-year Treasury Bond yield ended its seventh consecutive day of rising trend, and the German bond yield of the same maturity once fell by 5 basis points, which is poised to end the longest winning streak on record.</p><p>Francois Villeroy de Galhau, governor of the Bank of France, said investors may have overreacted as they believe there is a hawkish turn in the European Central Bank.</p><p>Huw Pill, chief economist of the Bank of England, called for reasonable monetary policy measures and expressed concern about taking unusually aggressive measures to tighten measures. Since then, the British 2-year Treasury Bond-the bond most sensitive to policy changes-has held on to its gains.</p><p>Yields fell 3 basis points to 1.30%, pulling back from a more than 10-year high hit on Tuesday.</p><p>7. Lun Aluminum further approaches historical highs and Lun Copper breaks through the US $10,000 mark</p><p>Industrial metals rose across the board. Lun aluminum maintained its continuous gains, further approaching the historical high set in 2008. However, the gains were slightly inferior to Lun copper, which rose nearly 3% and broke through the US $10,000 mark for the first time in four weeks.</p><p>Gold futures, supported by a fall in the U.S. dollar and U.S. bond yields, rose four consecutive days to a three-week high.</p><p>International macro</p><p>1. Federal Reserve Mester: Support rate hike at a faster speed than the last cycle</p><p>Cleveland Fed President Loretta Mester said it would be appropriate to expect a faster rate hike because inflation has risen significantly and the labor market is much tighter than in 2015.</p><p>\"Inflation remains facing upside risks,\" but the number and pace of the Fed's rate hike will \"depend on how the economic situation develops,\" Mester said in a prepared speech at a video seminar hosted by the European Economic and Financial Center. She reiterated her support for the March rate hike.</p><p>2. Federal Reserve Bostic: There may be more than three rate hike this year, but it depends on how the economy responds</p><p>Atlanta Fed President Raphael Bostic said on Wednesday that he expects three to four rate hike this year, but stressed that the Fed has not locked in specific plans.</p><p>Bostic's rate hike view is less aggressive than the market expects. \"On the rate hike side, I now expect three this year,\" he said. \"I'm kind of leaning towards four times, but also to see how the economy will react as we take the first policy steps in the first half of this year.\"</p><p>3. Heavy inflation data is about to come out or reveal clues about whether the Fed may rate hike by 50 basis points</p><p>One of the most important data released before the Federal Reserve's March meeting will be the January Consumer Price Index (CPI) released on Thursday. Federal Reserve Chairman Jerome Powell has already hinted that the March meeting will kick-start rate hike.</p><p>CPI is expected to rise 7.2% year-on-year in January, the largest increase since 1982. That could prompt the Fed to consider a 50 basis point rate hike for the first time since 2000, rather than the customary practice of adding 25 basis points.</p><p>4. U.S. lawmakers say they have reached a framework agreement on the 2022 spending bill</p><p>Key Republicans and Democrats in the U.S. Congress have taken an important step in the direction of providing year-round funding for the federal government.</p><p>They reached an agreement on a broad framework, so that it can add details in the coming weeks, and then pass a fiscal spending package that may reach $1.5 trillion.</p><p>5. Not only senior Fed officials, U.S. congressmen are expected to vote on the ban on stock buying and selling within this year</p><p>Do you still remember the new trading regulations of the Federal Reserve that banned the buying and selling of individual stocks and bonds for \"its own people\" after a series of \"stock speculation\" storms by senior Federal Reserve officials last year? Perhaps in the near future, stock trading by U.S. congressmen and relatives may also become a ban.</p><p>According to CNBC news on Wednesday, as House Speaker Pelosi's attitude changes and Senate Majority Leader Schumer expresses support for the ban, substantial progress is expected on the bill to ban U.S. lawmakers and relatives from trading in stocks.</p><p>6. Bank reserves may drop by up to $500 billion in the \"early\" stage of the Fed's quantitative tightening</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It is pointed out that as the Fed begins quantitative tightening, liquidity withdrawal may first be reflected in allowing banks to reduce excess reserves, and reserves are expected to decline faster than the use of the Fed's overnight reverse repurchase tool.</p><p>Mark Cabana and Katie Craig wrote in their Feb. 9 report that the process has already begun and that bank reserves could be reduced by $250-500 billion in the early days of quantitative tightening.</p><p>7. U.S. used car prices hit a new high, but the tightest period of supply chain may be over</p><p>America's largest cars<a href=\"https://laohu8.com/S/300959\">Online and Offline</a>The Manheim Used Vehicle Value Index (Manheim Used Vehicle Value Index) owned by (O2O) trading platform Cox Automotive was basically flat as early as January this year compared with December last year, with a month-on-month increase of only 0.04%.</p><p>This index tracks the wholesale price at which U.S. auto dealers buy used cars for sale, as well as the types of used cars purchased by dealers and miles traveled. According to the analysis, the latest data sends a heavy signal that the price of used cars in the United States, which has surged in the past year, is leveling off.</p><p>8. The Bank of England's chief economist hints that the central bank will not sell British debt soon</p><p>Bank of England chief economist Huw Pill doused expectations that the central bank would soon start selling British Treasury Bond once interest rates hit 1%.</p><p>Speaking to the Society of Professional Economists on Wednesday, Pill said: \"The 1% rate is not a trigger point. It's just a consideration.\"</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1104459137\" target=\"_blank\">ARM is most likely to go public on Nasdaq: Will deal a major blow to London</a></p><p>Analysts say this will have a negative impact on the British government and<a href=\"https://laohu8.com/S/LSE.UK\">London Stock Exchange</a>Deal a major blow.</p><p>Yesterday,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>(NVIDIA) and SoftBank Group jointly announced that the two parties have decided to terminate the previously reached acquisition of ARM. After the deal was cancelled, SoftBank plans to take ARM public by March 2023. SoftBank CEO Masayoshi Son said today that ARM may be listed on Nasdaq in the United States, not in the UK.</p><p>Masayoshi Son said: \"Regarding the ARM listing location, the United States is the market we are considering, most likely Nasdaq. But no matter where it is, the United States is the ARM listing location we are looking forward to.\"</p><p>2、<a href=\"https://ttm.financial/NW/2210552817\" target=\"_blank\">Third time this month! Tesla recalls another 26,681 vehicles</a></p><p>Tesla said it has not found any casualties or accidents related to this recall, but the NHTSA said that in some cases, Tesla vehicles may reduce the visibility of the windshield, which will increase the risk of vehicle collisions.</p><p>There aren't many options left for investors. First, investors should pay attention to the recall data, and rightfully so. In addition to this, investors should also get a better understanding of the overall quality of the vehicle. Good or bad quality is enough to change market share and stock price in the long run. Fortunately, tracking the quality of vehicles is not impossible.</p><p>3、<a href=\"https://ttm.financial/NW/2210155121\" target=\"_blank\">Samsung releases new Galaxy S22 series products, which will be launched globally on the 25th</a></p><p>The Galaxy S22 series still consists of three models, namely S22, S22 + and S22 Ultra. The S22 and S22 + use 6.1-inch and 6.6-inch straight screen designs respectively, while the S22 Ultra uses a 6.8-inch curved screen with 2K ultra-high resolution. The S22 Ultra is the first product in the S series to have a built-in stylus \"S Pen\", following the design of the Note series.</p><p>4、<a href=\"https://ttm.financial/NW/2210055927\" target=\"_blank\">Intel CEO: Tight chip supply is expected to continue throughout 2023</a></p><p>Intel (INTC.O) CEO Pat Gelsinger said the company expects chip supply to remain tight until at least the end of 2023, and the supply situation will not improve until 2025-2030, when wafer factory output of Intel and other manufacturers will increase, to meet growing demand and upgrading to technology.</p><p>5、<a href=\"https://ttm.financial/NW/2210639695\" target=\"_blank\">Centennial Disney's revenue rose 34% year-on-year, shares surged 8% after-hours</a></p><p>The financial report shows that, boosted by Disney's theme park and resort business, Disney's first-quarter revenue was $21.82 billion, higher than analysts' expectations of $20.91 billion. Its streaming service Disney + added nearly 12 million subscribers to 129.8 million, also ahead of analyst expectations of 125.75 million.</p><p>6、<a href=\"https://laohu8.com/NW/2210563013\" target=\"_blank\">Uber's Q4 financial report exceeded expectations, and its stock price rose more than 5% after hours</a></p><p>After the U.S. stock market closed on February 9 (Wednesday), Eastern Time,<a href=\"https://laohu8.com/S/UBER\">Uber</a>Announced fourth quarter and full year results for 2021. The financial report shows that Uber's Q4 revenue was US $5.778 billion, a year-on-year increase of 83% from US $3.165 billion in the same period last year, and the market expected US $5.357 billion; The net profit attributable to the company was US $892 million, compared with a loss of US $968 million in the same period last year, and the market expected a loss of US $682 million; Diluted earnings per share were US $0.44, compared with a loss of US $0.54 in the same period last year, and market expectations for a loss of US $0.36.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning | Don't be afraid of CPI! U.S. stocks continue to explode</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLast night and this morning | Don't be afraid of CPI! U.S. stocks continue to explode\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-02-10 07:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Abstract: ① European and American stock markets collectively closed higher, the Nasdaq rose 2.08%, and Chinese concept stocks generally rose; ② Gold hit its highest closing price in two weeks; ③ Lun Aluminum further approaches historical highs; ④ U.S. inflation data is about to come out, or it may be a clue to whether the Fed will rate hike by 50 basis points. Overseas Market</p><p>1. European and American stock markets collectively closed up! Technology stocks are strong, the Nasdaq rose more than 2%</p><p>The three major U.S. stock indexes collectively closed higher. The sell-off in U.S. bonds paused, and the 10-year U.S. bond yield, which approached 2% on Tuesday, paused from a more than two-year high, easing some pressure on technology stocks and making the market battered in recent weeks by concerns about tightening monetary policy. Breathe.</p><p>As of the close, the Dow closed up 0.86%, the Nasdaq rose 2.08%, and the S&P 500 rose 1.45%.</p><p>Most large technology stocks in the U.S. stock market rose, and Meta's stock price rose 5.4%, the largest one-day increase since April 29, 2021.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And Netflix rose more than 2%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 1.6%,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Up 0.83%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Closed up nearly 1.1%, with only<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell slightly by 0.14%.</p><p>2. Popular Chinese concept stocks closed up on Wednesday, new energy vehicle stocks and education stocks rose sharply</p><p><a href=\"https://laohu8.com/S/DDL\">Dingdong Maicai</a>Rose nearly 22%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Rose more than 13%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 6%,<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Rose more than 4%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>, Ctrip rose nearly 4%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/BEST\">Best Group</a>Up more than 2%.</p><p>In the Education Unit,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Rose more than 12%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Rose more than 4%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Up nearly 3%; Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Rose more than 9%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars rose more than 5%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up nearly 4%.</p><p>3. European stocks collectively closed higher, and major stock indexes all rose by more than 1%.</p><p>Germany's DAX30 index rose 1.59%, France's CAC40 index rose 1.46%,<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 1.12%, Spain's IBEX35 index rose 1.96%, Italy's FTSE MIB index rose 2.66%, and Europe's Stoxx 50 index rose 1.82%.</p><p>4. Gold futures closed up 0.5% on Wednesday, hitting the highest closing price in two weeks</p><p>Gold posted gains for the fourth straight session as a fall in the dollar and U.S. Treasury Bond yields boosted the appeal of the safe-haven metal.</p><p>Adam Koos, president of Libertas Wealth Management Group, said the U.S. dollar clearly has long-term and short-term links to inflation, and its volatility can explain the volatility of metal prices. He pointed out that investors are waiting for the U.S. consumer price index (CPI) report to be released on Thursday.</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $8.70, or 0.5%, to close at $1,836.60 an ounce, the highest closing price since January 26.</p><p>5. U.S. WTI crude oil futures closed up 0.3% on Wednesday</p><p>Michael Hewson, chief market analyst at CMC Markets UK, said the resumption of indirect negotiations between the United States and Iran could \"lead to near-term weakness in crude oil prices\", but the two countries are \"still a long way from any agreement that may bring new crude oil supplies.\"</p><p>West Texas Intermediate crude oil (WTI) futures for March delivery on the New York Mercantile Exchange rose 30 cents, or 0.3%, to settle at $89.66 a barrel, reaching an intraday high of $90.58 a barrel. WTI crude oil futures closed down 2.2% on Tuesday.</p><p>6. Central bank policymakers try to dispel aggressive rate hike bets that multinational bonds are rising</p><p>The Italian 10-year Treasury Bond yield ended its seventh consecutive day of rising trend, and the German bond yield of the same maturity once fell by 5 basis points, which is poised to end the longest winning streak on record.</p><p>Francois Villeroy de Galhau, governor of the Bank of France, said investors may have overreacted as they believe there is a hawkish turn in the European Central Bank.</p><p>Huw Pill, chief economist of the Bank of England, called for reasonable monetary policy measures and expressed concern about taking unusually aggressive measures to tighten measures. Since then, the British 2-year Treasury Bond-the bond most sensitive to policy changes-has held on to its gains.</p><p>Yields fell 3 basis points to 1.30%, pulling back from a more than 10-year high hit on Tuesday.</p><p>7. Lun Aluminum further approaches historical highs and Lun Copper breaks through the US $10,000 mark</p><p>Industrial metals rose across the board. Lun aluminum maintained its continuous gains, further approaching the historical high set in 2008. However, the gains were slightly inferior to Lun copper, which rose nearly 3% and broke through the US $10,000 mark for the first time in four weeks.</p><p>Gold futures, supported by a fall in the U.S. dollar and U.S. bond yields, rose four consecutive days to a three-week high.</p><p>International macro</p><p>1. Federal Reserve Mester: Support rate hike at a faster speed than the last cycle</p><p>Cleveland Fed President Loretta Mester said it would be appropriate to expect a faster rate hike because inflation has risen significantly and the labor market is much tighter than in 2015.</p><p>\"Inflation remains facing upside risks,\" but the number and pace of the Fed's rate hike will \"depend on how the economic situation develops,\" Mester said in a prepared speech at a video seminar hosted by the European Economic and Financial Center. She reiterated her support for the March rate hike.</p><p>2. Federal Reserve Bostic: There may be more than three rate hike this year, but it depends on how the economy responds</p><p>Atlanta Fed President Raphael Bostic said on Wednesday that he expects three to four rate hike this year, but stressed that the Fed has not locked in specific plans.</p><p>Bostic's rate hike view is less aggressive than the market expects. \"On the rate hike side, I now expect three this year,\" he said. \"I'm kind of leaning towards four times, but also to see how the economy will react as we take the first policy steps in the first half of this year.\"</p><p>3. Heavy inflation data is about to come out or reveal clues about whether the Fed may rate hike by 50 basis points</p><p>One of the most important data released before the Federal Reserve's March meeting will be the January Consumer Price Index (CPI) released on Thursday. Federal Reserve Chairman Jerome Powell has already hinted that the March meeting will kick-start rate hike.</p><p>CPI is expected to rise 7.2% year-on-year in January, the largest increase since 1982. That could prompt the Fed to consider a 50 basis point rate hike for the first time since 2000, rather than the customary practice of adding 25 basis points.</p><p>4. U.S. lawmakers say they have reached a framework agreement on the 2022 spending bill</p><p>Key Republicans and Democrats in the U.S. Congress have taken an important step in the direction of providing year-round funding for the federal government.</p><p>They reached an agreement on a broad framework, so that it can add details in the coming weeks, and then pass a fiscal spending package that may reach $1.5 trillion.</p><p>5. Not only senior Fed officials, U.S. congressmen are expected to vote on the ban on stock buying and selling within this year</p><p>Do you still remember the new trading regulations of the Federal Reserve that banned the buying and selling of individual stocks and bonds for \"its own people\" after a series of \"stock speculation\" storms by senior Federal Reserve officials last year? Perhaps in the near future, stock trading by U.S. congressmen and relatives may also become a ban.</p><p>According to CNBC news on Wednesday, as House Speaker Pelosi's attitude changes and Senate Majority Leader Schumer expresses support for the ban, substantial progress is expected on the bill to ban U.S. lawmakers and relatives from trading in stocks.</p><p>6. Bank reserves may drop by up to $500 billion in the \"early\" stage of the Fed's quantitative tightening</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It is pointed out that as the Fed begins quantitative tightening, liquidity withdrawal may first be reflected in allowing banks to reduce excess reserves, and reserves are expected to decline faster than the use of the Fed's overnight reverse repurchase tool.</p><p>Mark Cabana and Katie Craig wrote in their Feb. 9 report that the process has already begun and that bank reserves could be reduced by $250-500 billion in the early days of quantitative tightening.</p><p>7. U.S. used car prices hit a new high, but the tightest period of supply chain may be over</p><p>America's largest cars<a href=\"https://laohu8.com/S/300959\">Online and Offline</a>The Manheim Used Vehicle Value Index (Manheim Used Vehicle Value Index) owned by (O2O) trading platform Cox Automotive was basically flat as early as January this year compared with December last year, with a month-on-month increase of only 0.04%.</p><p>This index tracks the wholesale price at which U.S. auto dealers buy used cars for sale, as well as the types of used cars purchased by dealers and miles traveled. According to the analysis, the latest data sends a heavy signal that the price of used cars in the United States, which has surged in the past year, is leveling off.</p><p>8. The Bank of England's chief economist hints that the central bank will not sell British debt soon</p><p>Bank of England chief economist Huw Pill doused expectations that the central bank would soon start selling British Treasury Bond once interest rates hit 1%.</p><p>Speaking to the Society of Professional Economists on Wednesday, Pill said: \"The 1% rate is not a trigger point. It's just a consideration.\"</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1104459137\" target=\"_blank\">ARM is most likely to go public on Nasdaq: Will deal a major blow to London</a></p><p>Analysts say this will have a negative impact on the British government and<a href=\"https://laohu8.com/S/LSE.UK\">London Stock Exchange</a>Deal a major blow.</p><p>Yesterday,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>(NVIDIA) and SoftBank Group jointly announced that the two parties have decided to terminate the previously reached acquisition of ARM. After the deal was cancelled, SoftBank plans to take ARM public by March 2023. SoftBank CEO Masayoshi Son said today that ARM may be listed on Nasdaq in the United States, not in the UK.</p><p>Masayoshi Son said: \"Regarding the ARM listing location, the United States is the market we are considering, most likely Nasdaq. But no matter where it is, the United States is the ARM listing location we are looking forward to.\"</p><p>2、<a href=\"https://ttm.financial/NW/2210552817\" target=\"_blank\">Third time this month! Tesla recalls another 26,681 vehicles</a></p><p>Tesla said it has not found any casualties or accidents related to this recall, but the NHTSA said that in some cases, Tesla vehicles may reduce the visibility of the windshield, which will increase the risk of vehicle collisions.</p><p>There aren't many options left for investors. First, investors should pay attention to the recall data, and rightfully so. In addition to this, investors should also get a better understanding of the overall quality of the vehicle. Good or bad quality is enough to change market share and stock price in the long run. Fortunately, tracking the quality of vehicles is not impossible.</p><p>3、<a href=\"https://ttm.financial/NW/2210155121\" target=\"_blank\">Samsung releases new Galaxy S22 series products, which will be launched globally on the 25th</a></p><p>The Galaxy S22 series still consists of three models, namely S22, S22 + and S22 Ultra. The S22 and S22 + use 6.1-inch and 6.6-inch straight screen designs respectively, while the S22 Ultra uses a 6.8-inch curved screen with 2K ultra-high resolution. The S22 Ultra is the first product in the S series to have a built-in stylus \"S Pen\", following the design of the Note series.</p><p>4、<a href=\"https://ttm.financial/NW/2210055927\" target=\"_blank\">Intel CEO: Tight chip supply is expected to continue throughout 2023</a></p><p>Intel (INTC.O) CEO Pat Gelsinger said the company expects chip supply to remain tight until at least the end of 2023, and the supply situation will not improve until 2025-2030, when wafer factory output of Intel and other manufacturers will increase, to meet growing demand and upgrading to technology.</p><p>5、<a href=\"https://ttm.financial/NW/2210639695\" target=\"_blank\">Centennial Disney's revenue rose 34% year-on-year, shares surged 8% after-hours</a></p><p>The financial report shows that, boosted by Disney's theme park and resort business, Disney's first-quarter revenue was $21.82 billion, higher than analysts' expectations of $20.91 billion. Its streaming service Disney + added nearly 12 million subscribers to 129.8 million, also ahead of analyst expectations of 125.75 million.</p><p>6、<a href=\"https://laohu8.com/NW/2210563013\" target=\"_blank\">Uber's Q4 financial report exceeded expectations, and its stock price rose more than 5% after hours</a></p><p>After the U.S. stock market closed on February 9 (Wednesday), Eastern Time,<a href=\"https://laohu8.com/S/UBER\">Uber</a>Announced fourth quarter and full year results for 2021. The financial report shows that Uber's Q4 revenue was US $5.778 billion, a year-on-year increase of 83% from US $3.165 billion in the same period last year, and the market expected US $5.357 billion; The net profit attributable to the company was US $892 million, compared with a loss of US $968 million in the same period last year, and the market expected a loss of US $682 million; Diluted earnings per share were US $0.44, compared with a loss of US $0.54 in the same period last year, and market expectations for a loss of US $0.36.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130668023","content_text":"摘要：①欧美股市集体收涨，纳指涨2.08%，中概股普涨；②黄金创两周来最高收盘价；③伦铝进一步逼近历史高位；④美通胀数据呼之欲出，或成美联储是否加息50个基点的线索。海外市场1、欧美股市集体收涨！科技股强势纳指涨超2%美股三大指数集体收涨。美债抛售潮暂歇，周二逼近2%的10年期美债收益率暂别两年多来高位，这缓解了科技股的部分压力，令近几周因担心货币政策收紧而遭受重创的市场得以喘息。截至收盘，道指收涨0.86%，纳指涨2.08%，标普500指数涨1.45%。美股大型科技股多数上涨，Meta的股价上涨5.4%，创下2021年4月29日以来最大单日涨幅，微软和奈飞涨超2%，谷歌母公司Alphabet上涨了1.6%，苹果上涨0.83%，特斯拉收涨近1.1%，只有亚马逊微跌0.14%。2、热门中概股周三收盘普涨 新能源汽车股、教育股大涨叮咚买菜涨近22%，爱奇艺涨超13%，哔哩哔哩涨超6%，搜狐、网易涨超4%，京东、携程涨近4%，百度、百世集团涨超2%。教育股中，高途涨超12%，新东方涨超4%，好未来涨近3%；新能源汽车股中，小鹏汽车涨超9%，蔚来汽车涨超5%，理想汽车涨近4%。3、欧股集体收涨 主要股指均涨超1%德国DAX30指数涨1.59%，法国CAC40指数涨1.46%，英国富时100指数涨1.12%，西班牙IBEX35指数涨1.96%，意大利富时MIB指数涨2.66%，欧洲斯托克50指数涨1.82%。4、周三黄金期货收高0.5% 创两周来最高收盘价随着美元和美国国债收益率回落提振了避险金属的吸引力，金价连续第四个交易日录得涨幅。Libertas财富管理集团总裁Adam Koos表示，美元显然与通胀有长期和短期的联系，其波动可以解释金属价格的波动。他指出投资者正在等待周四将公布的美国消费者物价指数（CPI）报告。纽约商品交易所4月交割的黄金期货价格上涨8.70美元，涨幅0.5%，收于每盎司1836.60美元，创1月26日以来的最高收盘价。5、美国WTI原油期货周三收高0.3%CMC Markets UK首席市场分析师Michael Hewson表示，美国和伊朗恢复间接谈判可能“导致近期原油价格疲软”，但两国“距离任何可能带来新的原油供应的协议还有很长的路要走。”纽约商品交易所3月交割的西德克萨斯中质原油（WTI）期货价格上涨30美分，涨幅0.3%，收于每桶89.66美元，盘中最高达到每桶90.58美元。周二WTI原油期货收跌2.2%。6、央行决策者试图打消激进的加息押注 多国债券纷纷上扬意大利10年期国债收益率结束了连续第七天走高的态势，同期限德债收益率一度下跌5个基点，势将结束有记录以来最长连涨。法国央行行长Francois Villeroy de Galhau表示，投资者们认为欧洲央行出现鹰派转向，他们可能反应过度了。英国央行首席经济学家Huw Pill呼吁货币政策措施要有理有度，对于采取异常激进的举措来收紧措施表达了担忧，此后英国2年期国债--对于政策变化最为敏感的债券--守住了涨势。收益率下跌3个基点，至1.30%，从周二触及的逾10年高点回落。7、伦铝进一步逼近历史高位 伦铜突破1万美元关口工业金属全线上涨，伦铝保持连日涨势，进一步逼近2008年所创的历史高位，但涨势稍逊伦铜，伦铜涨近3%、四周来首度突破1万美元关口。得到美元和美债收益率回落支持的黄金期货连涨四日，创三周新高。国际宏观1、美联储Mester：支持用比上次周期更快的速度加息克利夫兰联储行长Loretta Mester表示，预计以更快的速度加息将是合适之举，因为跟2015年相比，通胀率显著上升而且劳动力市场偏紧得多。“通胀仍面临上行风险，”但美联储的加息次数和速度将“取决于经济形势发展，”Mester在欧洲经济金融中心主办的视频研讨会上发表事先准备好的演讲称。她重申支持3月加息。2、美联储Bostic：今年可能加息三次以上 但要看经济如何反应美国亚特兰大联储主席Raphael Bostic周三表示，他预计今年将加息三到四次，但强调美联储并未锁定具体计划。Bostic的加息观点不如市场预期的激进。“在加息方面，我现在预计今年有三次，”他说。“我有点倾向于四次，但在我们在今年上半年迈出政策第一步时，还要看看经济会如何反应。”3、重磅通胀数据呼之欲出 或透露美联储是否可能加息50个基点的线索在美联储3月会议前出炉的最重要的数据之一，将是周四发布的1月消费者价格指数（CPI）。美联储主席杰罗姆·鲍威尔已经暗示3月会议将启动加息。1月CPI预计同比上涨7.2%，将是1982年以来最大涨幅。这可能会促使美联储考虑自2000年以来首次加息50个基点，而不是加25个基点的惯例做法。4、美国国会议员称就2022年支出法案达成了框架协议美国国会关键的共和党人和民主党人朝着为联邦政府提供全年资金的方向迈出了重要一步。他们就一个广泛的框架达成协议，从而使其可以在未来几周补充细节，进而通过规模可能达到1.5万亿美元的一揽子财政支出计划。5、不仅仅是美联储高官，美国国会议员买卖股票禁令有望在年内表决还记得去年一连串美联储高官“炒股”风波后美联储针对“自己人”禁止买卖个股和债券的交易新规么？可能在不久的将来，美国国会议员及亲属炒股或将同样成为禁令。据CNBC周三消息称，随着众议院议长佩洛西的态度转变以及参议院多数派领袖舒默对禁令表达支持后，有关禁止美国议员及亲属炒股的议案有望出现实质性进展。6、美联储量化紧缩“早期”阶段银行准备金最高或下降5000亿美元美国银行指出，随着美联储开始量化紧缩，流动性回笼可能首先体现在允许银行减少超额准备金，准备金下降的速度料快于美联储隔夜逆回购工具使用量降速。Mark Cabana和Katie Craig在2月9日的报告中写道，这个过程已经开始，在量化紧缩的早期，银行准备金可能会减少2500-5000亿美元。7、美国二手车价格再创新高，但供应链最紧张时期可能已经过去美国最大汽车线上线下（O2O）交易平台Cox Automotive旗下的曼海姆二手车价值指数（Manheim Used Vehicle Value Index）早今年1月较去年12月基本持平，环比仅上涨0.04%。这一指数追踪美国汽车经销商购买待售二手车的批发价格，以及经销商购买的二手车类型和行驶里程。分析称，最新数据发出了一个重磅信号，即过去一年激增的美国二手车价格正趋于平稳。8、英国央行首席经济学家暗示央行不会很快抛售英债英国央行首席经济学家Huw Pill浇灭了市场对一旦利率达到1%，央行将很快开始抛售英国国债的预期。Pill在周三对Society of Professional Economists发表讲话称：“1%的利率不是触发点。只是一个考虑的因素。”公司新闻1、ARM最可能在纳斯达克上市：将对伦敦造成重大打击分析人士称，这将对英国政府和伦敦证券交易所造成重大打击。昨日，英伟达（NVIDIA）和软银集团联合宣布，双方已决定终止之前达成的收购ARM交易。交易被取消后，软银计划在2023年3月之前让ARM上市。而软银CEO孙正义今日表示，ARM可能在美国纳斯达克上市，而非英国本土。孙正义说：“关于ARM上市地点，美国是我们正在考虑的市场，最有可能的是纳斯达克。但无论在哪里，美国都是我们期待的ARM上市地。”2、本月内第三次！特斯拉又召回了26681辆汽车特斯拉表示，目前还没有发现与此次召回有关的任何伤亡或事故，但NHTSA表示，在某些情况下，特斯拉汽车可能会降低挡风玻璃的可见度，将会增加车辆发生碰撞的风险。留给投资者的选择并不多。首先，投资者应该关注召回数据，这是理所当然的。除此之外，投资者还应该更好地了解车辆的整体质量。从长远来看，质量好坏足以改变市场份额和股价。所幸对车辆质量的追踪并不是无计可施。3、三星发布Galaxy S22系列新品，25日将在全球上市Galaxy S22系列依旧是三款机型，分别是S22、S22+及S22 Ultra。S22和S22+分别采用6.1英寸和6.6英寸直屏设计，S22 Ultra采用6.8英寸曲面屏，采用2K超高分辨率。S22 Ultra是S系列首款内置手写笔“S Pen”的产品，沿袭Note系列设计。4、英特尔CEO：预计芯片供应紧张情况会持续2023年全年英特尔（INTC.O）首席执行官Pat Gelsinger表示，公司预计芯片供应至少到2023年末都将保持紧张，2025-2030年供应形势才会有所好转，届时英特尔和其他制造商的晶圆工厂产量将增加，满足不断增长的需求和向技术的更新换代。5、百年迪士尼营收同比增长34%，盘后股价飙升8%财报显示，受到迪斯尼主题公园和度假区业务的提振，迪士尼第一财季营收为218.2亿美元，高于分析师预期的209.1亿美元。其流媒体服务Disney+订阅用户数新增近1200万用户至1.298亿，同样高于分析师预期1.2575亿。6、优步Q4财报超预期，盘后股价涨逾5%美东时间2月9日（周三）美股盘后，优步公布2021年第四季度及全年业绩。财报显示，优步Q4营收57.78亿美元，较上年同期31.65亿美元同比增长83%，市场预期53.57亿美元；归属于公司净利润8.92亿美元，上年同期亏损9.68亿美元，市场预期亏损6.82亿美元；摊薄每股收益为0.44美元，上年同期亏损为0.54美元，市场预期亏损0.36美元。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9091601815,"gmtCreate":1643847395671,"gmtModify":1676533862494,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091601815","repostId":"2208936459","repostType":2,"isVote":1,"tweetType":1,"viewCount":1932,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038909631,"gmtCreate":1646705025841,"gmtModify":1676534153056,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038909631","repostId":"1198510306","repostType":2,"repost":{"id":"1198510306","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646696733,"share":"https://ttm.financial/m/news/1198510306?lang=en_US&edition=fundamental","pubTime":"2022-03-08 07:45","market":"hk","language":"zh","title":"Last night and this morning | The Nasdaq fell into a bear market! Energy prices soar, European stocks enter bears","url":"https://stock-news.laohu8.com/highlight/detail?id=1198510306","media":"老虎资讯综合","summary":"摘要：①美股周一大幅收跌，标普跌近3%，纳指跌超3%跌入熊市；②商品期货再度大涨，伦镍一度暴涨近80%；③第三轮俄乌谈判无实质结果，停火磋商将继续进行；④、欧盟计划今年将对俄罗斯天然气的依赖程度降低近","content":"<p><html><head></head><body>Summary: ① U.S. stocks closed sharply lower on Monday, with the S&P falling nearly 3%, and the Nasdaq falling more than 3% and falling into a bear market; ② Commodity futures rose sharply again, and Lunni once soared by nearly 80%; ③ The third round of Russia-Ukraine negotiations has no substantive results, and ceasefire negotiations will continue; ④. The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year. Overseas Market</p><p>1. Closing: Conflict situations and inflation concerns put pressure on U.S. stocks to close lower, the Dow Jones Industrial Average fell 800 points</p><p>U.S. stocks closed sharply lower on Monday, with the S&P falling nearly 3%, the biggest drop in more than a year, the Dow falling nearly 800 points, and the Nasdaq falling more than 3%, falling into a bear market, all hitting one-year lows. The Dow fell 2.37%, the Nasdaq fell 3.62%, and the S&P 500 fell 2.95%.</p><p>2. Popular Chinese concept stocks mostly closed lower on Monday<a href=\"https://laohu8.com/S/NIU\">Mavericks Electric</a>Fell nearly 17%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Down more than 8%</p><p>Most of the popular Chinese concept stocks closed lower on Monday, Mavericks Electric fell nearly 17%, and the financial report showed that Q4 net profit fell 18% year-on-year;<a href=\"https://laohu8.com/S/LAIX\">Fluent theory</a>Fell more than 17%, Bilibili fell more than 8%; New energy vehicle stocks fell,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell nearly 8%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 5%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars fell more than 2%.</p><p><a href=\"https://laohu8.com/S/SPI\">Solar Impulse</a>Up more than 28%,<a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>It rose more than 21%, and Together Education rose more than 10%.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Youdao rose more than 8%,<a href=\"https://laohu8.com/S/WIMI\">WIMI holography</a>Up more than 6%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Rose more than 4%,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Up more than 3%.</p><p>3. The United States may boycott Russian crude oil. U.S. WTI crude oil closed up 3.2%</p><p>Crude oil futures prices were supported as countries such as the United States and Britain considered banning imports of Russian oil. West Texas Intermediate crude oil (WTI) for April delivery rose $3.72, or 3.2%, to settle at $119.40 a barrel on the New York Mercantile Exchange. On a front-month contract basis, this is the highest close since September 2008, according to FactSet data. WTI crude oil rose by 26.30% last week.</p><p>4. Brent was once close to $140, the possibility of a Russian oil embargo raised crisis concerns</p><p>Oil prices experienced their largest one-day volatility on record, soaring to nearly $140 earlier before falling back as the United States said it was considering banning imports of Russian crude oil, exacerbating the possibility of tight supply.</p><p>Brent oil prices fell back to around $121. Such oil price levels are exacerbating fears of a major inflationary shock to the global economy. The Biden administration is considering whether to ban Russian oil imports at least initially without the involvement of European allies, people familiar with the matter said. Germany said it had no plans to suspend Russian energy imports, adding to market volatility.</p><p>5. Gold futures closed up 1.5% on Monday and once broke through the $2,000 mark during the session</p><p>Gold futures closed higher on Monday and posted their highest close since August 2020. The conflict between Russia and Ukraine has escalated again, raising risk aversion and pushing gold futures prices to break through the $2,000 per ounce mark on Monday.</p><p>The price of gold futures for April delivery on the New York Mercantile Exchange rose by $29.30, or 1.5%, to close at $1,995.90 an ounce, and once rose to $2,007.50 an ounce during the session.</p><p>6. European stocks fall into bear market amid surging energy prices</p><p>European stocks fell to their lowest levels in a year, with the DAX and eurozone STOXX 50 closing in a bear market as soaring oil prices raised fears that high inflation would hurt economic growth.</p><p>The DAX closed down 2% to its lowest level since November 2020, with a cumulative decline of 21% from a record high in January. The eurozone STOXX 50 index closed down 1.2%, also closing in a bear market.</p><p>7. European natural gas prices soared 79%, market chaos pushed prices to a new record</p><p>Europe's benchmark natural gas futures soared 79% to the equivalent of more than $600 a barrel of crude oil, and the market experienced the most chaotic trading situation ever. The surge could trigger a massive margin call, prompting companies to buy exchange contracts to avoid paying cash, which in turn causes futures prices to spike further.</p><p>Related to the situation between Russia and Ukraine</p><p>1. The third round of Russia-Ukraine negotiations has no substantive results and ceasefire negotiations will continue</p><p>After the third round of Russia-Ukraine negotiations, a member of the Ukrainian delegation said that consultations with Russia on a ceasefire and cessation of hostilities will continue, and there are still no substantive results on related issues so far. Podolyak, an adviser to the Ukrainian President's Office, also said that the third round of talks between Russia and Ukraine failed to achieve results that could substantially improve the situation.</p><p>Mezinsky, head of the Russian delegation, said that Russia hopes that the humanitarian corridor will start operating tomorrow, and Ukraine has guaranteed this. Russia's expected goal of talks with Ukraine in Brest Oblast has not been achieved.</p><p>2. The impact of the Russia-Ukraine war has appeared on food shelves in many countries, and worries about the global food crisis have risen</p><p>The impact of Russia's military operation in Ukraine on global crop markets is already felt on store shelves.</p><p>Amid concerns about soaring sunflower oil prices, there was a rush to buy during the weekend in Turkey, and a video of people vying for lower-priced sunflower oil in a store caused heated discussion; Some supermarket chain websites are out of stock</p><p>In Egypt, the world's largest wheat importer, the price of some unsubsidized bread has risen sharply in the past week due to higher costs; In the greater Cairo area, a pack of five-slice flour bread costs about 7.5 Egyptian pounds ($0.48), compared with 5 Egyptian pounds a week ago.</p><p>3. The conflict between Ukraine and Russia subverts the global shipping industry and shipping rates may increase by two to three times</p><p>The war between Ukraine and Russia has the potential to upend the global shipping industry recovering from the novel coronavirus pneumonia epidemic. Maersk (AMKBY.US) and Mediterranean Shipping, the largest ocean container groups, have suspended business bookings to and from Russia as sanctions begin to have an impact on trade.</p><p>Glenn Kopke of FourKites, a supply chain consulting firm, said that the shipping rate may even increase by two or three times from the current price of $10,000 per 40-foot container.</p><p>International macro</p><p>1. The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year</p><p>The European Commission is charting a path to ending its dependence on Russian gas, which could reduce import demand by nearly 80% this year, according to two officials familiar with the matter. In an effort to weaken the Kremlin's bargaining chips, the European Commission revised its energy strategy after Russian President Vladimir Putin launched military operations against Ukraine. The plan, due to be presented on Tuesday, includes finding new sources of natural gas and improving energy efficiency, with the goal of weaning off Russia well before 2030, an official said.</p><p>2. Members of the U.S. Senate and House of Representatives reached an agreement on the outline of a bill to sanction Russia</p><p>Four top leaders of the U.S. Senate and House of Representatives issued a statement saying that they have reached an agreement on the outline of a bill to sanction Russia, saying that they will jointly draft a bill to suspend normal trade relations with Russia and Belarus and authorize the Biden administration to raise tariffs for both countries.</p><p>3. Russian gold was shut out of the London market and the certification qualifications of all gold smelters were suspended</p><p>The London Bullion Market Association said on Monday that it suspended all six Russian gold and silver smelting enterprises as fine deliverers after the United States, European Union and Britain imposed sanctions on Russia. Products manufactured by these businesses prior to the suspension of eligibility will still be accepted.</p><p>4. British Prime Minister says Britain will \"gradually\" get rid of its dependence on Russian oil and natural gas</p><p>British Prime Minister Boris Johnson said that in the face of tensions between Russia and Ukraine, Britain will \"gradually\" get rid of its dependence on Russian oil and gas. He also called on Western countries to work together to ensure energy alternatives.</p><p>After meeting with Canadian Prime Minister Trudeau and Dutch Prime Minister Rutte that day, Johnson said that the UK will formulate a new energy supply strategy in the next few days, and pointed out that the UK is considering using more of its own fossil fuels. But he also stressed that Britain has not given up its commitment to reduce carbon emissions.</p><p>5. The issue of food is imminent. The EU may consider relaxing the import ban on genetically modified grains and herbicide-related crops</p><p>With the world's major crude oil and grain producing areas involved in turmoil, the European Union, which adheres to high standards on the import of rations, has also begun to worry about the problem of food.</p><p>The European Union may consider temporarily lifting the ban on the import of genetically modified grains from the United States and South America to help farmers get through this chaotic time, according to the media quoted Spanish Minister of Agriculture Luis Planas on Monday. Spain and France have also proposed exemptions for use of herbicides<a href=\"https://laohu8.com/S/000061\">Agricultural products</a>Imports, mainly to increase stocks and find alternative supply channels for important grains, mainly corn, which are also the main sources of animal feed.</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1133636608\" target=\"_blank\">Uber raises first-quarter results forecast: consumers are eager to get back to travel</a></p><p>Uber reportedly raised its first-quarter 2022 performance forecast as travel demand affected by the epidemic rebounded faster than expected. In premarket trading on March 7, Uber's stock price rose about 2% at one point. Shares of rival Lyft, meanwhile, also rose more than 2%.</p><p>Uber said in a filing with the U.S. Securities and Exchange Commission (SEC) that it now expects adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the first quarter of this year to be between US $130 million and US $150 million, higher than the previous expectation of between US $100 million and US $130 million.</p><p>2、<a href=\"https://ttm.financial/NW/1185303476\" target=\"_blank\">Intel's autonomous driving business unit Mobileye secretly files IPO application</a></p><p>According to reports, Intel Corporation announced on March 7 that Mobileye, its self-driving car business unit, has secretly submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), and plans to initially public offering (IPO) Mobileye's new shares. At present, the number and price of new shares have not yet been determined. The IPO date will take place after the SEC completes the evaluation process, and the specific time will also depend on market and other conditions.</p><p>3、<a href=\"https://ttm.financial/NW/2217544945\" target=\"_blank\">Tesla bulls: Berlin's \"Gigafactory\" approved, the stock's biggest suspense cleared</a></p><p>Dan Ives, a well-known Tesla bull and an analyst at investment bank Wedbush, said in a report to investors on March 6 that the approval of production at the Berlin \"Gigafactory\" is crucial to Tesla.</p><p>Ives wrote, \"Tesla stock'maximum suspense 'has been removed after German authorities said Tesla could start production at its new factory in Berlin.\"</p><p>4、<a href=\"https://ttm.financial/NW/2217448301\" target=\"_blank\">Wedbush: Spring conference is about to be held, giving Apple an \"outperform\" rating</a></p><p>Apple will hold the 2022 Spring Conference at 10 a.m. local time on March 8 (2 a.m. Beijing time on March 9). It is widely expected to launch a new iPhone SE with 5G capabilities, as well as new iPad Air and Mac using its M-series chips. Wedbush Securities believes that all of the above products will become \"popular products\" for Apple. Wedbush analyst Dan Ives gave Apple an \"outperform\" rating and a target price of $200.</p><p>5、<a href=\"https://ttm.financial/NW/2217415574\" target=\"_blank\">Coal giant Peabody once plummeted more than 24% and was forced to add large margins when coal prices soared</a></p><p>On Monday, March 7, Peabody Energy, the world's largest private coal company, once plummeted by more than 24% in the U.S. stock market, falling sharply from the nearly three-year high since mid-May 2019 set last Friday, nearly erasing all gains in the month.</p><p>This is mainly due to the company's announcement stating that, with<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>A financing arrangement was reached in which the latter provided a $150 million unsecured multiple-drawable credit facility to support the \"potential liquidity needs in the near term\" of Peabody, whose coal mines are mainly located in the United States and Australia.</p><p>6、<a href=\"https://ttm.financial/NW/2217541424\" target=\"_blank\">Refuse to follow suit! Uniqlo founder says he will continue to operate business in Russia</a></p><p>After the conflict between Russia and Ukraine escalated, while Western countries imposed sanctions on Russia, large European and American companies also withdrew from the country. Although waves of companies have chosen to withdraw from the Russian market, some companies have refused to follow suit and insisted on continuing to operate their businesses in Russia.</p><p>7、<a href=\"https://ttm.financial/NW/2217344063\" target=\"_blank\">Buffett talks about increasing holdings of Occidental Petroleum: Invested $4.5 billion in five days, buy as much as you can</a></p><p><a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Chairman Warren Buffett revealed his recent big increase in holdings in an interview Monday<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>The story of the company's shares, saying that he spent $4.5 billion on last Friday's trading day and bought 91.2 million shares, which are worth more than $5 billion based on the current stock price.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning | The Nasdaq fell into a bear market! Energy prices soar, European stocks enter bears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLast night and this morning | The Nasdaq fell into a bear market! Energy prices soar, European stocks enter bears\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-03-08 07:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Summary: ① U.S. stocks closed sharply lower on Monday, with the S&P falling nearly 3%, and the Nasdaq falling more than 3% and falling into a bear market; ② Commodity futures rose sharply again, and Lunni once soared by nearly 80%; ③ The third round of Russia-Ukraine negotiations has no substantive results, and ceasefire negotiations will continue; ④. The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year. Overseas Market</p><p>1. Closing: Conflict situations and inflation concerns put pressure on U.S. stocks to close lower, the Dow Jones Industrial Average fell 800 points</p><p>U.S. stocks closed sharply lower on Monday, with the S&P falling nearly 3%, the biggest drop in more than a year, the Dow falling nearly 800 points, and the Nasdaq falling more than 3%, falling into a bear market, all hitting one-year lows. The Dow fell 2.37%, the Nasdaq fell 3.62%, and the S&P 500 fell 2.95%.</p><p>2. Popular Chinese concept stocks mostly closed lower on Monday<a href=\"https://laohu8.com/S/NIU\">Mavericks Electric</a>Fell nearly 17%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Down more than 8%</p><p>Most of the popular Chinese concept stocks closed lower on Monday, Mavericks Electric fell nearly 17%, and the financial report showed that Q4 net profit fell 18% year-on-year;<a href=\"https://laohu8.com/S/LAIX\">Fluent theory</a>Fell more than 17%, Bilibili fell more than 8%; New energy vehicle stocks fell,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell nearly 8%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 5%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars fell more than 2%.</p><p><a href=\"https://laohu8.com/S/SPI\">Solar Impulse</a>Up more than 28%,<a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>It rose more than 21%, and Together Education rose more than 10%.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Youdao rose more than 8%,<a href=\"https://laohu8.com/S/WIMI\">WIMI holography</a>Up more than 6%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Rose more than 4%,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Up more than 3%.</p><p>3. The United States may boycott Russian crude oil. U.S. WTI crude oil closed up 3.2%</p><p>Crude oil futures prices were supported as countries such as the United States and Britain considered banning imports of Russian oil. West Texas Intermediate crude oil (WTI) for April delivery rose $3.72, or 3.2%, to settle at $119.40 a barrel on the New York Mercantile Exchange. On a front-month contract basis, this is the highest close since September 2008, according to FactSet data. WTI crude oil rose by 26.30% last week.</p><p>4. Brent was once close to $140, the possibility of a Russian oil embargo raised crisis concerns</p><p>Oil prices experienced their largest one-day volatility on record, soaring to nearly $140 earlier before falling back as the United States said it was considering banning imports of Russian crude oil, exacerbating the possibility of tight supply.</p><p>Brent oil prices fell back to around $121. Such oil price levels are exacerbating fears of a major inflationary shock to the global economy. The Biden administration is considering whether to ban Russian oil imports at least initially without the involvement of European allies, people familiar with the matter said. Germany said it had no plans to suspend Russian energy imports, adding to market volatility.</p><p>5. Gold futures closed up 1.5% on Monday and once broke through the $2,000 mark during the session</p><p>Gold futures closed higher on Monday and posted their highest close since August 2020. The conflict between Russia and Ukraine has escalated again, raising risk aversion and pushing gold futures prices to break through the $2,000 per ounce mark on Monday.</p><p>The price of gold futures for April delivery on the New York Mercantile Exchange rose by $29.30, or 1.5%, to close at $1,995.90 an ounce, and once rose to $2,007.50 an ounce during the session.</p><p>6. European stocks fall into bear market amid surging energy prices</p><p>European stocks fell to their lowest levels in a year, with the DAX and eurozone STOXX 50 closing in a bear market as soaring oil prices raised fears that high inflation would hurt economic growth.</p><p>The DAX closed down 2% to its lowest level since November 2020, with a cumulative decline of 21% from a record high in January. The eurozone STOXX 50 index closed down 1.2%, also closing in a bear market.</p><p>7. European natural gas prices soared 79%, market chaos pushed prices to a new record</p><p>Europe's benchmark natural gas futures soared 79% to the equivalent of more than $600 a barrel of crude oil, and the market experienced the most chaotic trading situation ever. The surge could trigger a massive margin call, prompting companies to buy exchange contracts to avoid paying cash, which in turn causes futures prices to spike further.</p><p>Related to the situation between Russia and Ukraine</p><p>1. The third round of Russia-Ukraine negotiations has no substantive results and ceasefire negotiations will continue</p><p>After the third round of Russia-Ukraine negotiations, a member of the Ukrainian delegation said that consultations with Russia on a ceasefire and cessation of hostilities will continue, and there are still no substantive results on related issues so far. Podolyak, an adviser to the Ukrainian President's Office, also said that the third round of talks between Russia and Ukraine failed to achieve results that could substantially improve the situation.</p><p>Mezinsky, head of the Russian delegation, said that Russia hopes that the humanitarian corridor will start operating tomorrow, and Ukraine has guaranteed this. Russia's expected goal of talks with Ukraine in Brest Oblast has not been achieved.</p><p>2. The impact of the Russia-Ukraine war has appeared on food shelves in many countries, and worries about the global food crisis have risen</p><p>The impact of Russia's military operation in Ukraine on global crop markets is already felt on store shelves.</p><p>Amid concerns about soaring sunflower oil prices, there was a rush to buy during the weekend in Turkey, and a video of people vying for lower-priced sunflower oil in a store caused heated discussion; Some supermarket chain websites are out of stock</p><p>In Egypt, the world's largest wheat importer, the price of some unsubsidized bread has risen sharply in the past week due to higher costs; In the greater Cairo area, a pack of five-slice flour bread costs about 7.5 Egyptian pounds ($0.48), compared with 5 Egyptian pounds a week ago.</p><p>3. The conflict between Ukraine and Russia subverts the global shipping industry and shipping rates may increase by two to three times</p><p>The war between Ukraine and Russia has the potential to upend the global shipping industry recovering from the novel coronavirus pneumonia epidemic. Maersk (AMKBY.US) and Mediterranean Shipping, the largest ocean container groups, have suspended business bookings to and from Russia as sanctions begin to have an impact on trade.</p><p>Glenn Kopke of FourKites, a supply chain consulting firm, said that the shipping rate may even increase by two or three times from the current price of $10,000 per 40-foot container.</p><p>International macro</p><p>1. The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year</p><p>The European Commission is charting a path to ending its dependence on Russian gas, which could reduce import demand by nearly 80% this year, according to two officials familiar with the matter. In an effort to weaken the Kremlin's bargaining chips, the European Commission revised its energy strategy after Russian President Vladimir Putin launched military operations against Ukraine. The plan, due to be presented on Tuesday, includes finding new sources of natural gas and improving energy efficiency, with the goal of weaning off Russia well before 2030, an official said.</p><p>2. Members of the U.S. Senate and House of Representatives reached an agreement on the outline of a bill to sanction Russia</p><p>Four top leaders of the U.S. Senate and House of Representatives issued a statement saying that they have reached an agreement on the outline of a bill to sanction Russia, saying that they will jointly draft a bill to suspend normal trade relations with Russia and Belarus and authorize the Biden administration to raise tariffs for both countries.</p><p>3. Russian gold was shut out of the London market and the certification qualifications of all gold smelters were suspended</p><p>The London Bullion Market Association said on Monday that it suspended all six Russian gold and silver smelting enterprises as fine deliverers after the United States, European Union and Britain imposed sanctions on Russia. Products manufactured by these businesses prior to the suspension of eligibility will still be accepted.</p><p>4. British Prime Minister says Britain will \"gradually\" get rid of its dependence on Russian oil and natural gas</p><p>British Prime Minister Boris Johnson said that in the face of tensions between Russia and Ukraine, Britain will \"gradually\" get rid of its dependence on Russian oil and gas. He also called on Western countries to work together to ensure energy alternatives.</p><p>After meeting with Canadian Prime Minister Trudeau and Dutch Prime Minister Rutte that day, Johnson said that the UK will formulate a new energy supply strategy in the next few days, and pointed out that the UK is considering using more of its own fossil fuels. But he also stressed that Britain has not given up its commitment to reduce carbon emissions.</p><p>5. The issue of food is imminent. The EU may consider relaxing the import ban on genetically modified grains and herbicide-related crops</p><p>With the world's major crude oil and grain producing areas involved in turmoil, the European Union, which adheres to high standards on the import of rations, has also begun to worry about the problem of food.</p><p>The European Union may consider temporarily lifting the ban on the import of genetically modified grains from the United States and South America to help farmers get through this chaotic time, according to the media quoted Spanish Minister of Agriculture Luis Planas on Monday. Spain and France have also proposed exemptions for use of herbicides<a href=\"https://laohu8.com/S/000061\">Agricultural products</a>Imports, mainly to increase stocks and find alternative supply channels for important grains, mainly corn, which are also the main sources of animal feed.</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1133636608\" target=\"_blank\">Uber raises first-quarter results forecast: consumers are eager to get back to travel</a></p><p>Uber reportedly raised its first-quarter 2022 performance forecast as travel demand affected by the epidemic rebounded faster than expected. In premarket trading on March 7, Uber's stock price rose about 2% at one point. Shares of rival Lyft, meanwhile, also rose more than 2%.</p><p>Uber said in a filing with the U.S. Securities and Exchange Commission (SEC) that it now expects adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the first quarter of this year to be between US $130 million and US $150 million, higher than the previous expectation of between US $100 million and US $130 million.</p><p>2、<a href=\"https://ttm.financial/NW/1185303476\" target=\"_blank\">Intel's autonomous driving business unit Mobileye secretly files IPO application</a></p><p>According to reports, Intel Corporation announced on March 7 that Mobileye, its self-driving car business unit, has secretly submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), and plans to initially public offering (IPO) Mobileye's new shares. At present, the number and price of new shares have not yet been determined. The IPO date will take place after the SEC completes the evaluation process, and the specific time will also depend on market and other conditions.</p><p>3、<a href=\"https://ttm.financial/NW/2217544945\" target=\"_blank\">Tesla bulls: Berlin's \"Gigafactory\" approved, the stock's biggest suspense cleared</a></p><p>Dan Ives, a well-known Tesla bull and an analyst at investment bank Wedbush, said in a report to investors on March 6 that the approval of production at the Berlin \"Gigafactory\" is crucial to Tesla.</p><p>Ives wrote, \"Tesla stock'maximum suspense 'has been removed after German authorities said Tesla could start production at its new factory in Berlin.\"</p><p>4、<a href=\"https://ttm.financial/NW/2217448301\" target=\"_blank\">Wedbush: Spring conference is about to be held, giving Apple an \"outperform\" rating</a></p><p>Apple will hold the 2022 Spring Conference at 10 a.m. local time on March 8 (2 a.m. Beijing time on March 9). It is widely expected to launch a new iPhone SE with 5G capabilities, as well as new iPad Air and Mac using its M-series chips. Wedbush Securities believes that all of the above products will become \"popular products\" for Apple. Wedbush analyst Dan Ives gave Apple an \"outperform\" rating and a target price of $200.</p><p>5、<a href=\"https://ttm.financial/NW/2217415574\" target=\"_blank\">Coal giant Peabody once plummeted more than 24% and was forced to add large margins when coal prices soared</a></p><p>On Monday, March 7, Peabody Energy, the world's largest private coal company, once plummeted by more than 24% in the U.S. stock market, falling sharply from the nearly three-year high since mid-May 2019 set last Friday, nearly erasing all gains in the month.</p><p>This is mainly due to the company's announcement stating that, with<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>A financing arrangement was reached in which the latter provided a $150 million unsecured multiple-drawable credit facility to support the \"potential liquidity needs in the near term\" of Peabody, whose coal mines are mainly located in the United States and Australia.</p><p>6、<a href=\"https://ttm.financial/NW/2217541424\" target=\"_blank\">Refuse to follow suit! Uniqlo founder says he will continue to operate business in Russia</a></p><p>After the conflict between Russia and Ukraine escalated, while Western countries imposed sanctions on Russia, large European and American companies also withdrew from the country. Although waves of companies have chosen to withdraw from the Russian market, some companies have refused to follow suit and insisted on continuing to operate their businesses in Russia.</p><p>7、<a href=\"https://ttm.financial/NW/2217344063\" target=\"_blank\">Buffett talks about increasing holdings of Occidental Petroleum: Invested $4.5 billion in five days, buy as much as you can</a></p><p><a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Chairman Warren Buffett revealed his recent big increase in holdings in an interview Monday<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>The story of the company's shares, saying that he spent $4.5 billion on last Friday's trading day and bought 91.2 million shares, which are worth more than $5 billion based on the current stock price.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"PSQ":"做空纳斯达克100指数ETF-ProShares",".DJI":"道琼斯","03086":"华夏纳指","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite","BK4550":"红杉资本持仓","BK4561":"索罗斯持仓","QID":"两倍做空纳斯达克指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","BK4534":"瑞士信贷持仓",".SPX":"S&P 500 Index"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198510306","content_text":"摘要：①美股周一大幅收跌，标普跌近3%，纳指跌超3%跌入熊市；②商品期货再度大涨，伦镍一度暴涨近80%；③第三轮俄乌谈判无实质结果，停火磋商将继续进行；④、欧盟计划今年将对俄罗斯天然气的依赖程度降低近80%。海外市场1、收盘：冲突局势与通胀忧虑施压 美股收跌道指下挫800点美股周一大幅收跌，标普跌近3%创逾一年最大跌幅，道指跌近800点，纳指跌超3%、跌入熊市，均创一年新低。道指跌2.37%，纳指跌3.62%，标普500指数跌2.95%。2、热门中概股周一收盘大多走低 小牛电动跌近17% 哔哩哔哩跌超8%热门中概股周一收盘大多走低，小牛电动跌近17%，财报显示Q4净利润同比下降18%；流利说跌超17%，哔哩哔哩跌超8%；新能源汽车股走低，小鹏汽车跌近8%，理想汽车跌超5%，蔚来汽车跌超2%。阳光动力涨超28%，开心汽车涨超21%，一起教育涨超10%，网易有道涨超8%，微美全息涨超6%，好未来涨超4%，高途涨超3%。3、美或抵制俄国原油 美国WTI原油收高3.2%由于美英等国考虑禁止进口俄罗斯石油，原油期货价格得到支撑。纽约商品交易所4月交割的西德克萨斯中质原油（WTI）上涨3.72美元，涨幅为3.2%，收于每桶119.40美元。FactSet数据显示，按照近月合约计算，这是自2008年9月以来的最高收盘价。上周WTI原油累计上涨26.30%。4、布伦特一度接近140美元 俄罗斯石油禁运的可能性引发危机担忧石油价格创有史以来最大单日波幅，早前一度飙升至近140美元的水平，之后回落，因美国表示正在考虑禁止进口俄罗斯原油，加剧了供应紧张的可能性。布伦特油价回落至121美元左右。这样的油价水平正在加剧全球经济遭遇重大通胀冲击的担忧。知情人士称，拜登政府正在考虑至少在初期是否在欧洲盟友不参与的情况下禁止进口俄罗斯石油。德国表示，没有暂停进口俄罗斯能源的计划，加剧了市场的波动。5、黄金期货周一收高1.5% 盘中一度突破2000美元关口黄金期货周一收高并创2020年8月以来的最高收盘价。俄乌冲突再度升级，令避险情绪高涨，推动周一黄金期货价格一度突破每盎司2000美元关口。纽约商品交易所4月交割的黄金期货价格上涨29.30美元，涨幅1.5%，收于每盎司1995.90美元，盘中一度上涨至每盎司2007.50美元。6、欧洲股市在能源价格飙升之际跌入熊市欧洲股市跌至一年来的最低水平，DAX指数和欧元区斯托克50指数收盘进入熊市，因为油价飙升引发了高通胀将损伤经济增长的担忧。DAX指数收盘下跌2％，至2020年11月以来的最低水平，从1月份的创纪录高位累计下跌21％。欧元区斯托克50指数收盘下跌1.2％，也收于熊市。7、欧洲天然气价格飙升79% 市场一片混乱推动价格刷新纪录欧洲基准天然气期货飙升79%，达到相当于每桶原油超过600美元，市场出现了有史以来最为混乱的交易状况。飙升可能引发大规模的追加保证金，促使企业购买交易所合约以避免支付现金，进而导致期货价格进一步飙升。俄乌局势相关1、第三轮俄乌谈判无实质结果 停火磋商将继续进行第三轮俄乌谈判结束后，乌克兰代表团的一名成员表示，与俄罗斯关于停火和停止敌对行动的磋商将继续进行，相关问题到目前仍没有实质性结果。乌克兰总统办公室顾问波多利亚克也表示，俄乌第三轮会谈没取得能实质改善局势的结果。俄罗斯代表团团长梅津斯基则表示，俄方希望人道主义走廊从明天开始运行，乌克兰方面对此给予了保证。俄罗斯对与乌克兰在布列斯特州会谈的预期目标未能实现。2、俄乌战争的影响已在多国食品货架上显现 全球粮食危机忧虑升温俄罗斯在乌克兰开展军事行动给全球农作物市场带来的冲击已在商店货架上显现。由于担心葵花籽油价格飙升，土耳其周末期间出现抢购，民众在一家商店争抢较低价葵花籽油的视频引起热议；部分连锁超市网站缺货在全球最大的小麦进口国埃及，由于成本走高，过去一周部分未受补贴的面包价格大幅上涨；在大开罗地区，一包五片面饼的售价约为7.5埃及镑（0.48美元），而一周前为5埃及镑。3、乌俄冲突颠覆全球航运业 海运费率或将上涨两至三倍乌俄战争有可能颠覆正从新冠肺炎疫情中复苏的全球航运业。随着制裁开始对贸易产生影响，最大的海运集装箱集团马士基（AMKBY.US）和Mediterranean Shipping已经暂停了往返俄罗斯的业务预订。供应链咨询公司FourKites的格伦•克普克表示，海运费率甚至可能从目前每40英尺集装箱1万美元的价格上涨两到三倍。国际宏观1、欧盟计划今年将对俄罗斯天然气的依赖程度降低近80%据两位知情官员透露，欧盟委员会正在规划结束对俄罗斯天然气依赖的路径，这可能导致今年进口需求减少近80%。为削弱克里姆林宫方面的筹码，欧盟委员会在俄罗斯总统普京发动对乌克兰的军事行动后修改能源战略。一位官员表示，这份计划将于周二提交，内容包括寻找新的天然气来源和提高能源效率，目标是远早于2030年摆脱对俄罗斯的依赖。2、美国参众两院议员就制裁俄罗斯的法案大纲达成协议美国参议院和众议院四位高层领导人发表声明，已就制裁俄罗斯的法案大纲达成协议，表示将共同起草法案，暂停与俄罗斯和白俄罗斯的正常贸易关系，并授权拜登政府提高面向两国的关税。3、俄罗斯黄金被伦敦市场拒之门外 所有黄金冶炼商的认证资格均被暂停伦敦金银市场协会周一表示，在美国、欧盟和英国对俄罗斯实施制裁后，该协会暂停了所有六家俄罗斯金银冶炼企业的优良交货商资格。这些企业在资格暂停之前生产的产品仍将被接受。4、英首相表示英国将“逐步”摆脱对俄罗斯石油和天然气的依赖英国首相鲍里斯·约翰逊表示，面对俄乌两国之间的紧张局势，英国将要“逐步”摆脱对俄罗斯石油和天然气的依赖。他同时呼吁西方各国要共同努力确保能源替代方案。约翰逊当天在与加拿大总理特鲁多和荷兰首相吕特会晤之后表示，英国将在未来几天制定新的能源供应战略，并指出英国正在考虑使用更多自己的化石燃料。但他同时强调，英国并没有放弃减少碳排放的承诺。5、吃饭问题迫在眉睫 欧盟或考虑放宽转基因谷物和涉除草剂作物进口禁令随着全球主要原油和粮食产地卷入动荡，在口粮进口问题上坚持高标准的欧盟也开始担忧起吃饭问题。据媒体周一援引西班牙农业大臣路易斯·普拉纳斯(Luis Planas)称，欧盟可能会考虑临时取消从美国和南美进口转基因谷物的禁令，帮助农民度过眼下这段混乱的时光。西班牙和法国也已经提议豁免使用过除草剂的农产品进口，主要是为了增加库存以及寻找以玉米为主的重要谷物替代供应渠道，这些产品也是动物饲料的主要来源。公司新闻1、Uber调高第一季度业绩预期：消费者渴望重新出行据报道，Uber上调了2022年第一季度业绩预期，原因是疫情影响的出行需求的反弹速度快于预期。3月7日盘前交易中，Uber股价一度上涨约 2%。与此同时，竞争对手Lyft的股价也上涨了2%以上。Uber在提交给美国证券交易委员会（SEC）的文件中称，现预计，今年第一季度调整后的EBITDA（息税折旧及摊销前利润） 将在1.3亿美元至1.5亿美元之间，高于之前预期的1亿美元至1.3亿美元之间。2、英特尔自动驾驶业务部门Mobileye秘密提交IPO申请据报道，英特尔公司3月7日宣布，旗下自动驾驶汽车业务部门Mobileye已向美国证券交易委员会（SEC）秘密提交Form S-1注册声明草案，拟首次公开发行（IPO）Mobileye新股。目前，新股发售数量和价格尚未确定。IPO日期将在SEC完成评估程序后进行，具体时间还要取决于市场和其他条件。3、特斯拉大多头：柏林“超级工厂”获批 该股最大悬念被清除特斯拉知名大多头、投行Wedbush分析师Dan Ives于3月6日在给投资者的一份报告中表示，柏林“超级工厂”获批生产对特斯拉来说至关重要。Ives写道，“在德国当局表示特斯拉可以在柏林的新工厂开始生产后，特斯拉股票‘最大悬念’已经被消除。”4、Wedbush：春季发布会即将召开 予苹果“跑赢大盘”评级苹果将于当地时间3月8日上午10点（北京时间3月9日凌晨2点）举办2022年春季发布会。市场普遍预计它将推出具有5G功能的新款iPhone SE，以及使用其M系列芯片的新iPad Air和Mac。Wedbush Securities认为，以上所有产品将成为苹果的“受欢迎产品”。Wedbush分析师Dan Ives予苹果“跑赢大盘”评级，目标价为200美元。5、煤炭巨头皮博迪一度暴跌超24%，被迫在煤价飙升时追加大额保证金3月7日周一，全球最大的私营煤炭公司皮博迪能源在美股市场一度暴跌超24%，从上周五所创的2019年5月中旬以来近三年高位大幅回落，接近抹去月内全部涨幅。这主要是由于公司发布公告称，与高盛达成一项融资安排，后者提供1.5亿美元的无担保可多次提取信贷额度，以支持煤矿主要位于美国和澳大利亚的皮博迪公司“近期内潜在的流动性需求”。6、拒绝跟风！优衣库创始人称将继续在俄经营业务俄乌冲突升级以后，西方国家对俄罗斯采取制裁措施的同时，欧美大型企业也纷纷从该国撤离。尽管一波又一波的公司选择退出俄罗斯市场，但也有公司拒绝跟风，坚持继续运营在俄罗斯的业务。7、巴菲特谈增持西方石油：五天投了45亿美元，能买多少买多少伯克希尔哈撒韦公司董事长沃伦-巴菲特在周一的一次采访中披露了他最近大手笔增持西方石油公司股份的经过，称他在上周五个交易日内豪掷45亿美元，买入了9120万股，按当前股价计算价值超过了50亿美元。","news_type":1,"symbols_score_info":{"MNQmain":0.9,"QLD":0.9,".DJI":0.9,"PSQ":0.9,"03086":0.9,"SQQQ":0.9,"NQmain":0.9,"QQQ":0.9,"QID":0.9,".SPX":0.9,".IXIC":0.9,"TQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":2961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004909056,"gmtCreate":1642465876690,"gmtModify":1676533712838,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004909056","repostId":"1176644706","repostType":4,"repost":{"id":"1176644706","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642433272,"share":"https://ttm.financial/m/news/1176644706?lang=en_US&edition=fundamental","pubTime":"2022-01-17 23:27","market":"us","language":"zh","title":"Sources say Nio is expanding offices in California and may be preparing to start sales in the United States","url":"https://stock-news.laohu8.com/highlight/detail?id=1176644706","media":"老虎资讯综合","summary":"新的美国总部将支持蔚来汽车的研究和数字开发、测试、组装、仓储和运营。","content":"<p><html><head></head><body>It is reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The American subsidiary of Automobile recently signed a ten-year office building lease in San Jose, California, doubling the floor space of its headquarters compared with the current level, with the expanded office space of nearly 18,580 square meters.</p><p>The lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support research and digital development, testing, assembly, warehousing and operations of Nio vehicles, according to the Mercury News investigation. It was previously reported that Nio North America opened recruitment postings for 46 positions on LinkedIn, including the head of user infrastructure construction and preparation.</p><p><img src=\"https://static.tigerbbs.com/6c3ad3a29ec10b9d0e9777301dc4e23b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sources say Nio is expanding offices in California and may be preparing to start sales in the United States</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSources say Nio is expanding offices in California and may be preparing to start sales in the United States\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-01-17 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>It is reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The American subsidiary of Automobile recently signed a ten-year office building lease in San Jose, California, doubling the floor space of its headquarters compared with the current level, with the expanded office space of nearly 18,580 square meters.</p><p>The lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support research and digital development, testing, assembly, warehousing and operations of Nio vehicles, according to the Mercury News investigation. It was previously reported that Nio North America opened recruitment postings for 46 positions on LinkedIn, including the head of user infrastructure construction and preparation.</p><p><img src=\"https://static.tigerbbs.com/6c3ad3a29ec10b9d0e9777301dc4e23b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3380231cb191ca9bea37a0c70765537d","relate_stocks":{"NIO":"蔚来"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176644706","content_text":"据悉，蔚来汽车美国子公司最近签署了一份为期十年的加利福尼亚州圣何塞办公楼租约，将其总部的占地面积相比当前翻了一番，扩租后的办公室将近18,580平米。Mercury News的调查显示，该租约由房地产公司高力（Colliers）促成，该公司指出，新的美国总部将支持蔚来汽车的研究和数字开发、测试、组装、仓储和运营。此前报道称，蔚来北美在LinkedIn上开放了对46个职位的招聘信息，包括用户基础设施建设和准备负责人。","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004900734,"gmtCreate":1642465864220,"gmtModify":1676533712821,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004900734","repostId":"1176644706","repostType":4,"repost":{"id":"1176644706","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642433272,"share":"https://ttm.financial/m/news/1176644706?lang=en_US&edition=fundamental","pubTime":"2022-01-17 23:27","market":"us","language":"zh","title":"Sources say Nio is expanding offices in California and may be preparing to start sales in the United States","url":"https://stock-news.laohu8.com/highlight/detail?id=1176644706","media":"老虎资讯综合","summary":"新的美国总部将支持蔚来汽车的研究和数字开发、测试、组装、仓储和运营。","content":"<p><html><head></head><body>It is reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The American subsidiary of Automobile recently signed a ten-year office building lease in San Jose, California, doubling the floor space of its headquarters compared with the current level, with the expanded office space of nearly 18,580 square meters.</p><p>The lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support research and digital development, testing, assembly, warehousing and operations of Nio vehicles, according to the Mercury News investigation. It was previously reported that Nio North America opened recruitment postings for 46 positions on LinkedIn, including the head of user infrastructure construction and preparation.</p><p><img src=\"https://static.tigerbbs.com/6c3ad3a29ec10b9d0e9777301dc4e23b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sources say Nio is expanding offices in California and may be preparing to start sales in the United States</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSources say Nio is expanding offices in California and may be preparing to start sales in the United States\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-01-17 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>It is reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The American subsidiary of Automobile recently signed a ten-year office building lease in San Jose, California, doubling the floor space of its headquarters compared with the current level, with the expanded office space of nearly 18,580 square meters.</p><p>The lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support research and digital development, testing, assembly, warehousing and operations of Nio vehicles, according to the Mercury News investigation. It was previously reported that Nio North America opened recruitment postings for 46 positions on LinkedIn, including the head of user infrastructure construction and preparation.</p><p><img src=\"https://static.tigerbbs.com/6c3ad3a29ec10b9d0e9777301dc4e23b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3380231cb191ca9bea37a0c70765537d","relate_stocks":{"NIO":"蔚来"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176644706","content_text":"据悉，蔚来汽车美国子公司最近签署了一份为期十年的加利福尼亚州圣何塞办公楼租约，将其总部的占地面积相比当前翻了一番，扩租后的办公室将近18,580平米。Mercury News的调查显示，该租约由房地产公司高力（Colliers）促成，该公司指出，新的美国总部将支持蔚来汽车的研究和数字开发、测试、组装、仓储和运营。此前报道称，蔚来北美在LinkedIn上开放了对46个职位的招聘信息，包括用户基础设施建设和准备负责人。","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997909890,"gmtCreate":1661730964412,"gmtModify":1676536567353,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997909890","repostId":"1121676163","repostType":4,"repost":{"id":"1121676163","kind":"news","pubTimestamp":1661656248,"share":"https://ttm.financial/m/news/1121676163?lang=en_US&edition=fundamental","pubTime":"2022-08-28 11:10","market":"other","language":"zh","title":"Crash again! Bitcoin fell below $20,000, 100,000 people liquidated their positions in one day","url":"https://stock-news.laohu8.com/highlight/detail?id=1121676163","media":"每日经济新闻","summary":"最大单笔爆仓高达1099万美元。","content":"<p><div>Since the beginning of this year, the currency circle has experienced \"bursts of thunder\" and continued to stage super storms. On August 27, the price of Bitcoin plummeted, falling nearly US $900 in the day, and the lowest fell to US $19,931, which was a plunge of more than 69% from the highest point of US $64,900 this year on April 14, setting a new low since July 14. Watcher.Guru data shows that in the past 24 hours, the market value of the global cryptocurrency market has shrunk by $70.63 billion. As of press time, Bitcoin was quoted at $20,005.22, down 1.2%. At the same time, the futures contract market continues to explode. Currency world data shows that virtual currency...</p><p><a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">Web link</a></div></p>","source":"mrjjxw","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crash again! Bitcoin fell below $20,000, 100,000 people liquidated their positions in one day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrash again! Bitcoin fell below $20,000, 100,000 people liquidated their positions in one day\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">每日经济新闻</strong><span class=\"h-time small\">2022-08-28 11:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Since the beginning of this year, the currency circle has experienced \"bursts of thunder\" and continued to stage super storms. On August 27, the price of Bitcoin plummeted, falling nearly US $900 in the day, and the lowest fell to US $19,931, which was a plunge of more than 69% from the highest point of US $64,900 this year on April 14, setting a new low since July 14. Watcher.Guru data shows that in the past 24 hours, the market value of the global cryptocurrency market has shrunk by $70.63 billion. As of press time, Bitcoin was quoted at $20,005.22, down 1.2%. At the same time, the futures contract market continues to explode. Currency world data shows that virtual currency...</p><p><a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">每日经济新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/962be253ee7459c393769e9105cb1429","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"source_url":"http://www.nbd.com.cn/articles/2022-08-28/2434508.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121676163","content_text":"今年以来，币圈“雷声阵阵”，持续上演超级风暴。8月27日，比特币价格直线暴跌，日内跌近900美元，最低跌至19931美元，较4月14日的今年以来最高点64900美元，暴跌超69%，刷新7月14日以来新低。Watcher.Guru数据显示，在过去24小时内，全球加密货币市场市值缩水706.3亿美元。截至发稿，比特币报20005.22美元，跌1.2%。同时，期货合约市场爆仓不断。币界数据显示，虚拟货币合约一日内共爆仓近28亿元人民币，波及10万人，其中最大单笔爆仓高达1099万美元。8月26日晚间，美联储主席杰罗姆鲍威尔的8分钟讲话中表示，美国很可能会继续加息。在鲍威尔的评论之后，不仅美股暴跌，整个加密货币也大崩盘。虚拟货币全线崩溃在20000美元点位拉扯一周之后，8月27日，比特币价格急转直下，一日暴跌近900美元，最低跌至19931美元，较4月14日的今年以来最高点64900美元，暴跌超69%。据中国证券报报道，币界数据显示，虚拟货币合约一日内共爆仓近28亿元人民币，波及10万人，其中最大单笔爆仓高达1099万美元。图片来源：币界Glassnode数据显示，比特币交易活跃地址已创下今年以来新低，比特币的交易活跃度走向今年的底部区间，关注的人数逐渐减少。Alternative.me显示，8月27日，恐慌与贪婪指数为28，恐慌程度较昨日略有下降，等级仍为恐慌。最近一周，比特币市场的恐慌情绪格外严重。有业内人士认为，由于最近几个月美国股票和加密货币之间的紧密相关性，表明美联储的态度已经渗透到虚拟货币市场，这是近期比特币遭遇抛售的原因。比特币永续期货市场多头头寸的清算也可能加剧这一趋势。BitMEX前首席执行官Arthur Hayes此前表示，20000美元和1000美元分别代表了比特币和以太坊的价格支撑位，如果被突破，将引发“巨大的抛售压力”。比特币交易所Swan的比特币分析师Sam Callahan也认为，根据此前虚拟货币熊市的经验，比特币可能会从历史高点下跌80%以上。这意味着比特币将跌至13800美元。比特币仍有下行空间2020年12月中旬，价格首次突破2万美元的比特币彻底燃起投资者热情，由此开启了长达一年的暴涨模式，并于2021年11月份一度逼近6.9万美元，创下历史最高价。进入2022年，行情急转直下，比特币价格一路下跌并于6月18日跌破2万美元，击破投资者心理防线，大量的抛售促使比特币价格进一步于6月19日跌破1.8万美元。随后，比特币价格企稳并小幅反弹，在8月中旬反弹至25205高点。据证券日报报道，中国通信工业协会区块链专委会共同主席、火大教育校长于佳宁对记者表示，当下市场处于美联储加息阶段的探底行情中，美国CPI高企，意味着美联储此前的加息政策并没有有效缓解国内通胀压力，未来或许会采取更激进的政策。美联储后续加息次数、基准利率调节、缩表规模还存在很大的未知性。全球金融市场受到挑战，比特币也由此受到影响。“很多主流加密资产价格仍由锚定美元的稳定币来体现，受美元政策和美国市场影响较大，某种程度上可以视作美股等主流交易市场的次级市场，如此次比特币暴跌是受美国经济衰退风险影响，从而传导至加密资产市场。”欧易研究院高级研究员赵伟对记者表示。图片来源：摄图网-501024898“受美联储加息影响，作为波动性较大的加密资产，比特币等虚拟币易受到市场恐慌影响而被抛售。”工信部工互联网区块链重大项目评审专家、北邮科技园元宇宙产业协同创新中心执行主任陈晓华对记者表示，从全球投资市场整体基调行情来看，比特币并未出现明确的回暖信号，价格或进一步下探。于佳宁认为，若美联储采取更严格的加息手段来抑制通胀，后续或进一步下行。据中国证券报报道，对于接下来虚拟货币的走势，Coinbase预计，今年三季度交易量可能更加疲软，每月平均交易用户可能降低至700万-900万区间。多家虚拟货币投资机构近期均宣布大规模裁员，包括虚拟货币借贷平台BlockFi，虚拟货币交易平台Crypto.com、Gemini，总部位于阿根廷的交易平台Buenbit。其中，Buenbit已于5月份解雇45%的员工。业界认为，以比特币为代表的虚拟币市场暴跌并不会对全球经济发展造成冲击。于佳宁表示，一方面，加密资产市场总市值不足万亿美元，体量相对较小，难以影响全球经济发展。另一方面，加密资产市场和传统金融市场联系较为薄弱，其波动蔓延至现实经济的可能性不大。","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060473002,"gmtCreate":1651191059622,"gmtModify":1676534866524,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060473002","repostId":"1176249216","repostType":4,"repost":{"id":"1176249216","kind":"news","weMediaInfo":{"introduction":"预判经济形势，解读公共政策，提供及时信息，推送专业报告。","home_visible":1,"media_name":"泽平宏观","id":"49","head_image":"https://static.tigerbbs.com/947583bee22e443aa795464217837990"},"pubTimestamp":1651127570,"share":"https://ttm.financial/m/news/1176249216?lang=en_US&edition=fundamental","pubTime":"2022-04-28 14:32","market":"us","language":"zh","title":"How do investment gurus spend their darkest moments?","url":"https://stock-news.laohu8.com/highlight/detail?id=1176249216","media":"泽平宏观","summary":"在市场的至暗时刻，我们愿意传递理性、专业和信心。让我们看看那些世界级投资大师如何度过市场的至暗时刻，或许能给大家带来一些启发。","content":"<p><html><head></head><body>Buffett said, \"I am greedy when others panic, and I panic when others are greedy\".</p><p>What goes up is risk, and what goes down is opportunity. Real investors should be more pessimistic about good companies and stocks as they rise, and more optimistic as they fall. Investment is anti-human, so only a few people are destined to succeed. What we need to do is to improve our thinking and cognition. Investment is essentially the realization of cognition.</p><p>Regardless of individual stocks or the broader market, the bottom is not a point, but a range. If you buy early, you may experience the darkest moment, but buying cheap is the last word, and greatness comes through. Value investing is a friend of time.</p><p>In the darkest moments of the market, we are willing to convey rationality, professionalism and confidence.</p><p>Let's take a look at how those world-class investment gurus survive the darkest moments of the market, which may bring you some inspiration.</p><p><b>1. How Buffett spent his darkest moments</b><b>1.1 Don't be afraid of \"Black Monday\", decisively buy the bottom against the trend<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a></b></p><p>The U.S. stock market crashed on Black Monday, October 19, 1987.<b>The Dow Jones Industrial Average fell 508.32 points, or 22.62%. If calculated by market value, nearly 500 billion U.S. dollars evaporated on this day. The GDP of the United States that year was about 4.87 trillion, a single-day drop of more than 1/10 of GDP.</b>The plunge in U.S. stocks triggered a global financial tsunami, and the stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places plummeted one after another.</p><p><b>On this day, Warren Buffett lost $342 million. In a week, Buffett Holdings<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>· Hathaway's stock price plummeted 25%.</b>However, unlike ordinary investors, Buffett, who suffered a big loss, did not jump to sell stocks in a hurry, nor did he ask around for news. According to media reports,<b>All day long, he stayed quietly in the office as usual, making phone calls, reading newspapers and reading the annual reports of listed companies.</b></p><p>At the subsequent Buffett Group shareholders' meeting,<b>Some media asked him what the stock market crash in 1987 meant, and Buffett calmly replied at that time, \"Maybe it has risen too high.\" \"Long-term investment, be a friend of time\", \"Buy excellent companies at a reasonable price\", \"It is meaningless to predict the market, you should pay attention to the company itself\" and so on are all investment creeds put forward by Buffett at that time.</b></p><p>Buffett firmly believes that the stock market crash will pass, the stock market will return to normal, and the stock prices of high-quality companies will eventually reflect their intrinsic value. He strongly believes in his investment philosophy and strives to find companies that offer long-term sustainable competitive advantages.<b>After the stock market plummeted, the calm Buffett began to \"pick up bargains\". That is, in 1988, Buffett bought the good stock that will make him a lot of money in the next few decades-Coca-Cola.</b>Coca-Cola has been one of Buffett's heavyweight stocks since it first bought it in 1988.<b>In 2022, in the face of global financial market instability, Coca-Cola swimmed against the current and its share price hit a record high.</b></p><p><b>1.2 If you wait until the robin calls, you will miss the whole spring</b></p><p><b>When the financial crisis struck in 2008, at the darkest moment when the market was full of panic, Buffett wrote in October of that year<a href=\"https://laohu8.com/S/NYT\">The New York Times</a>\"Published the famous\" I'm Buying America \"</b>：</p><p>\"Both in the United States and elsewhere in the world, financial markets are in chaos. The financial crisis has penetrated into the overall economy, and now this penetration has become a blowout. In the near future, the unemployment rate will rise.<b>Business activity will stagnate and the headlines continue to be scary news. So I started buying US stocks.</b></p><p><b>Why? Because I follow a simple creed: I am afraid when others are greedy, and I am greedy when others are afraid.</b></p><p>Of course, in most cases, fear will spread, and even experienced investors can't resist this fear. Somewhat certainly, however, investors should be wary of over-leveraged entities or enterprises with weak competitive position.<b>But for many competitive companies, there is no need to worry about their long-term prospects. The profits of these companies will be ups and downs, but most big companies will set new profit records in 5, 10 and 20 years.</b></p><p><b>To clarify, I can't predict the short-term changes of the stock market, and I dare not say anything about the rise and fall of stocks in one month or one year. However, there is a situation that is likely to happen. Before the market regains confidence or the economy recovers, the stock market will rise, possibly sharply. If you wait until the robin calls, you will miss the whole spring. \"</b></p><p><b>Five months after the publication of \"I'm Buying America\", the U.S. stock market began a bottom out, ushering in a ten-year bull market. Buffett and his Berkshire once again achieved asset appreciation.</b>In the 12 years from 2009 to the end of 2021, the Dow Jones index rose from a low of 6,440 points to 36,952 points, an increase<b>5.7 times</b>； The S&P 500 rose from a low of 666 points to 4,818 points,<b>An increase of 7.23 times</b>； The Nasdaq index rose from a low of 1,265 points to 16,212 points,<b>An increase of 12.8 times</b>。</p><p><b>1.3 Investment quotes</b></p><p><b>1) You are afraid when others are greedy, and greedy when others are afraid.</b></p><p><b>2) When some large companies have a temporary crisis, or the stock market falls, and profitable trading prices appear, we should not hesitate to buy their stocks.</b></p><p><b>3) A good opportunity is the kind that screams for you to buy. For example, in 2008, asset prices became cheap, so you can't be afraid at this time. In your lifetime investment career, you can encounter this great opportunity of falling gold in the sky about 6 times.</b></p><p>4) The nice thing about investing is that you don't need to swing at every ball thrown. The trick to investing is to sit there and watch the balls thrown one by one, and<b>The one waiting to hit the best position.</b></p><p><b>5）</b>Good companies are subject to market reversals and unreasonable stock prices and fall, and great investment opportunities are coming.<b>I prefer to see the market fall. When it falls sharply, it is easier to buy good goods and make good use of money.</b></p><p><b>6) Invest in businesses rather than stocks. It is foolish to own a stock and expect it to rise tomorrow morning.</b></p><p><b>7) When a powerful large company encounters a huge but resolvable crisis, an excellent investment opportunity quietly comes.</b></p><p><b>2. How Munger spent his darkest moments</b><b>2.1 There are also difficult moments behind brilliant achievements. Investment must be good at \"waiting\". Greatness is achieved by enduring it</b></p><p>Munger is Buffett's golden partner and vice chairman of Berkshire Hathaway. He and Buffett joined forces to create the history of<b>The best investment record-an average annual compound rate of return of more than 20%.</b></p><p><b>There are also difficult moments behind the brilliant investment achievements. Munger lost 31.9% in 1973,</b>In contrast, the Dow Jones Industrial Average fell 13.1%; In 1974, it lost 31.5%, and the Dow Jones index fell 23.1%. Referring to those two years, Munger himself later said: \"It was a difficult experience-1973-1974 was a very unpleasant experience.\"</p><p>But despite this, looking back at that decline, Munger<b>I still believe that most stock prices have fallen to drooling lows in those two years, which is a very good opportunity.</b>He even lamented that he and Buffett might never see these opportunities again. \"We were crushed by the market between 1973 and 1974 because our stocks had to trade at less than half of their real value,\" Munger said.</p><p><b>The right choices made in the most difficult times will eventually pay off.</b>At the end of 1974, 61% of its money was invested in blue-chip stamping companies. In the worst bear market since the Great Depression, blue-chip printing companies brought a lot of pullback/retracement to Munger's portfolio. However, the blue-chip printing company later, as an important asset of the fund, provided a lot of funds for the subsequent acquisitions of See's Candy, Buffalo Evening News and Wesco Financial Company.</p><p><b>The secret of Munger's investment success is not to buy and sell to gain wealth, but to wait. Munger believes that if you want to make a lot of money, you have to be good at waiting. Rather look silly than go with the flow impatiently. Munger's investment wisdom is actually not a profound truth. The difficult thing is conscientious implementation and persistence. The waiting process is anti-human</b>，<b>A lot of people can't do it.</b></p><p><b>One of the most important reasons why Buffett and Munger can become masters is that they understood the core truth at a very young age and persisted in it all their lives.</b>In Munger's view,<b>If you can't take the market downturn of more than 50% two or three times in a century, you're not fit to invest</b>, and compared with those investors who can rationally handle market fluctuations, they can only obtain relatively mediocre investment returns.</p><p>Under the guidance of Munger, Buffett has also iteratively updated his investments over the years. He is no longer obsessed with the early investment concept of \"low-priced cigarette butt stocks\", but broadens his horizons.<b>Invested<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Waiting for a group of technology growth companies, they also look around the world and invest in<a href=\"https://laohu8.com/S/002594\">BYD</a>Waiting for rising Chinese companies.</b></p><p><b>2.2 Investment quotes</b></p><p>1）<b>What Buffett and I did was, we bought things that were promising. Sometimes we have economic tailwinds, sometimes we have headwinds, but no matter what, we keep going</b>。</p><p>2) To invest, you don't need a lot of action, but rather<b>Plenty of patience</b>。</p><p><b>3) If you can't take the market's decline of more than 50% calmly, you are not suitable for investing.</b></p><p>4）<b>Learn to take a loss</b>You need the ability not to go crazy even when you suffer losses and face adversity.</p><p><b>3. How Howard Marks spent his darkest moments</b><b>3.1 Fully understand the \"routines\" of bull and bear markets, go against the trend and do not follow the crowd</b></p><p>Howard Marks is a famous investment guru and American<a href=\"https://laohu8.com/S/OAK\">Oaktree Capital</a>Founder of Management Ltd. When he first entered the industry, an old-timer told him a routine about the bull market. The old-timer said,<b>The bull market is actually very simple, divided into three stages</b>: first stage,<b>A few visionaries come to believe that everything will be better</b>； In the second stage, most investors realize that progress has indeed happened; And when it comes to the third stage,<b>Everyone asserts that everything will always be better-when consensus surpasses common sense, the bull market is over.</b></p><p>Howard Marks discovered the subprime mortgage crisis in 2008<b>A bear market also has three stages:</b>First, a few investors smelled the risk in the frenzy; Then most investors began to feel the deterioration of the situation;<b>In the end, everyone is immersed in pessimism, believing that the situation will only get worse, and the bear market may have seen its bottom.</b></p><p>Max believes that,<b>The key to successful investing is to go against the trend-not follow the crowd. The most interesting thing about investing is its contradiction. The most obvious things that everyone agrees with are often proved to be wrong. Only when most people don't see the value of the investment will the price be lower than the value. The key to success cannot be group judgment</b>, trends and group consensus are the factors that hinder success. Therefore, most investors are trend followers, while prominent investors are the opposite, they<b>Using second-level thinking</b>, avoid the same investment portfolio and carry out<b>Contrarian investment</b>。</p><p><b>3.2 Understand that the market is not completely \"effective\" and look for the perfect moment</b></p><p><b>The core logic that supports Max's courage to operate against the market is his understanding of market effectiveness.</b>The efficient market hypothesis holds that in the stock market with sound relevant laws, high transparency and sufficient competition, all available information has been timely, accurately and fully reflected in the asset price, unless there is market manipulation.<b>In Max's view, efficient market theory is not the whole truth of financial markets. The mainstream market is indeed becoming more and more effective, but its ineffectiveness will always be there.</b>Because people are a complex of rationality and sensibility, most people are driven by greed, fear, jealousy and other emotions that undermine objectivity and lead to major mistakes, so the market price given by people cannot be absolutely fair, that is, it will not always be valid or invalid.</p><p>In 2008, with the collapse of Lehman Brothers, people on Wall Street were panicked, and some even predicted that the entire financial system was about to collapse, and an asset selling frenzy followed.<b>But in the three months after Lehman's bankruptcy, Oaktree bucked the market and spent more than $6 billion to buy senior secured bonds of highly leveraged companies such as utilities at about 50% below their actual face value.</b>Eventually, with the arrival of the economic recovery, most of the bonds taken over were paid at face value within a few months,<b>Oaktree doubled its earnings and became one of the few big winners in the financial crisis.</b></p><p>Invested by Howard Marks<b>The way to success lies in that he is good at going against the trend, not panicking when the crisis comes, and operating against the market through his second-level thinking and understanding of market effectiveness.</b>Successful investments<b>It's not about \"buying good\", but about \"buying good\"</b>, namely<b>Buying below value, waiting for the asset price to move closer to value,</b>It is the true meaning of investment and the most reliable way to make money.</p><p><b>3.3 Investment quotes</b></p><p>1）<b>Excellence in investing requires a second level of thinking, a more complex and insightful way of thinking that is different from ordinary people.</b>What is Second Level Thinking?</p><p><b>The first level of thinking says: The company will have the prospect of sluggish growth and increased inflation. Let's dump the stock. The second level of thinking says: The company's prospects are terrible, but everyone is selling stocks in a panic, so we should buy them.</b></p><p>The first level of thinking says: The profits of this company will fall, sell. The second level of thinking says: The company's profits will fall less than people expect, and there will be unexpected surprises that will boost the stock. Buy in.</p><p>The first level of thinking says: This is a good company, let's buy stocks. The second level of thinking says: This is a good company, but everyone thinks it is a good company, so it is not a good company. The stock is overvalued and overpriced, let's sell the stock.</p><p><b>The first level of thinking is simple and superficial, and almost everyone can do it. The second level of thinking is deep, complex and circuitous.</b></p><p>2）<b>You can't expect to win while doing the same thing as someone else</b>Breaking through the routine is not the goal, but a good way of thinking. When there is a crisis, to make money:<b>First, you must have money, second, you must have the courage, dare to invest this money</b>。 When you have both, this is the formula for success.</p><p>3) To some extent,<b>Trends, group consensus are factors that hinder success</b>, similar investment portfolios are what we want to avoid. Due to the pendulum swing of the market or the periodicity of the market, obtaining<b>The key to ultimate victory lies in contrarian investing.</b></p><p>4）<b>Keep in mind that everything has a cycle. The cycle always wins at the end. Nothing can go in the same direction forever. Trees don't grow to the sky. Very few things go to zero. Insisting on speculating on the future based on today's events is the greatest harm to investors' investment activities.</b></p><p>5）<b>The mood swings in the securities market are similar to pendulum movements.</b>When things are good and prices are high, investors can't wait to buy, leaving all caution behind them. When the surrounding environment is chaotic and assets are cheap to sell, investors completely lose the willingness to take risks and can't wait to sell. Forever.</p><p><b>4. How Dario spent his darkest moments</b><b>4.1 Bridgewater Fund's all-weather strategy emphasizes proactively grasping appropriate market opportunities</b></p><p>Dario is the founder of Bridgewater Fund, the world's largest hedge fund, with an asset management scale of over 200 billion US dollars.</p><p>Dario proposed an \"all-weather strategy\" and emphasized the use of<b>Scientific and economic quantitative models for active asset management</b>, fusion<b>Macroeconomic prediction, asset class selection, portfolio risk management</b>Three major areas, create a complete asset management system. By analyzing the macroeconomic environment, we divide different stages according to the level of economic growth and inflation, find asset classes suitable for each state, and then allocate stocks, commodities and bonds to construct the final investment portfolio.</p><p><b>4.2 Responding to the crisis: Instead of complaining about the danger, seize the opportunity</b></p><p><b>Dalio proved to many investors that instead of complaining passively about the market, it is better to actively respond to risks, adjust investment mentality according to market conditions, and reconstruct investment portfolios. Bridgewater Fund has performed well in many crises.</b></p><p><b>Black Monday 1987</b>, Dario's Bridgewater Fund bucks the trend<b>Earn a high return of 22%.</b></p><p><b>Year 2008</b>, the hedge fund industry as a whole is bleak, and the performance of many funds is very poor. Many prominent financial institutions were at risk, Lehman Brothers collapsed and Bear Stearns was taken over by other financial institutions.<b>Bridgewater bucked the trend and achieved a positive return of 14%.</b></p><p><b>The sovereign debt crisis broke out in Europe in 2010, and the overall performance of the industry was also very bleak, but Bridgewater</b>Outperforming again.<b>Its \"Pure Alpha Fund\", with a scale of US $70 billion, gained 45% of the income in 2010.</b>This year, Bridgewater's overall rate of return also reached a record high.</p><p><b>Crisis can make people grow. Crisis is both danger and opportunity, and there is opportunity in danger. Easier said than done, but Dario really did this, turning danger into opportunity, and gaining high profits in the market turmoil.</b></p><p>In<b>Principles</b>In a book, Dalio shares three things he learned during the market crash:</p><p><b>First, you shouldn't be outrageously overconfident and indulge yourself to be swayed by emotions.</b>No matter how much I know, no matter how diligent I am, I should never be confident in making absolute assertions.</p><p>Second, I realize again that<b>The value of studying history</b>；</p><p>And third,<b>Timing the market is difficult, though for most</b>。</p><p><b>4.3 Investment quotes</b></p><p>1) Committed by investors<b>The biggest mistake is to think that what happened recently is likely to last.</b></p><p><b>2) I'm not immersed in the moment.</b></p><p><b>3）</b>Investors are always prone to making the decision to sell when the market falls. Yielding to fear is not a wise strategy, because it won't be successful. On the contrary, when the market is down, investors need to do the opposite operation:<b>When you stop feeling fear, you may need to sell; When you feel fear, you may need to buy.</b></p><p><b>4）</b>Wise people always focus on solid fundamentals when going through all kinds of ups and downs, and<b>Flirtatious people follow their feelings, react emotionally, rush to hot things, and give up immediately when they are not hot.</b></p><p><b>5. How Graham spent his darkest moments</b><b>5.1 Buy at low prices + risk protection, do not withdraw to deal with the stock market downturn</b></p><p>Benjamin Graham has the reputation of \"The Godfather of Wall Street\". His representative works include \"Securities Analysis\", \"Smart Investor\", etc. He believes that the world is<b>There is no way to get rich overnight, and often the easiest way is the best way.</b>He suggested that investors should hold a correct attitude, believe in common sense judgment and think for themselves.<b>An investor must not only have good enterprise analysis and judgment ability, but also have a rational ability to isolate his thoughts and behaviors from those emotions hovering in the market in order to achieve investment success.</b></p><p>In 1936, Wall Street fell into another downturn, and for most investors, it was about to face another round of severe tests.<b>At this time, Graham did not fall into pessimism like other investors, but made full use of stock investment analysis methods to search for stocks worth investing in.</b>He does not pay attention to predicting the future trend of the securities market or the future prospects of individual stocks based on the past performance of individual stocks, but mainly<b>Take whether the stock market value is lower than its intrinsic value as the judgment criterion</b>, especially those stocks below their liquidation value are the focus of his attention.</p><p><b>Graham bought a large number of penny stocks for Graham Newman during the stock market downturn,</b>Moreover, as before the stock market crash of 1929, Graham took various hedging measures for various investments. This time, he protected his assets more comprehensively.<b>On the one hand, Graham adopts the method of diversifying investment to avoid risks; on the other hand, he invests in preferred shares, uses preferred shares to obtain low-interest financing, and at the same time, he can obtain about half of the dividend, while ordinary shares are not guaranteed to have dividends, so as to achieve the purpose of avoiding risks.</b></p><p>Graham's investment strategies and investment skills not only show the ability to resist the persistent low tide, but also show the ability to make profits in a weak market.<b>When the stock market began to reverse, Graham bought a large number of penny stocks during the stock market downturn, thus reaping huge returns.</b>Between 1936 and 1941, despite the general downward trend of the stock market, Graham Newman's average annual return on investment during this period greatly exceeded the performance of S&P stocks during the same period, which lost an average of 0.6%.</p><p>Looking at the longer timeline,<b>From 1936 to 1956, Graham recorded an average annual return on investment of no less than 14.7%.</b>, can rank among the best long-term yields on Wall Street ever.</p><p><b>5.2 Investment quotes</b></p><p><b>1) The bull market is the main reason why ordinary investors lose money.</b></p><p>2) Buying stocks is part of buying a business.</p><p>3) The market always swings between excessive excitement and excessive pessimism,<b>Smart investors buy from overly pessimistic people and sell to overly excited people.</b></p><p>4) Your own performance can affect investment returns far more than the performance of the security itself.</p><p>5) Haggle over every ounce about stock prices, like shopping in a supermarket, not like buying cosmetics.</p><p><b>6) Rising stocks increase rather than decrease risk, and falling stocks decrease rather than increase risk.</b></p><p>7) In a bull market, it is difficult to see listed companies holding more cash than their stock prices, but<b>There are more opportunities than expected in a bear market, so seize them.</b></p><p>8) The most practical difference between investors and speculators lies in their attitude towards stock market movements: speculators are mainly interested in participating in market fluctuations and making profits from them.<b>Investors' interest is mainly in acquiring and holding the right stocks at the right price.</b></p><p><b>9) The average investor believes that in order to avoid investment risks, it is best to withdraw from the stock market and liquidate positions. But leaving the stock market isn't the best way to deal with a stock market downturn.</b></p><p><b>6. How Peter Lynch spent his darkest moments</b><b>6.1 Refuse to sell-off dominated by fear</b></p><p>Peter Lynch is a preeminent stock investor and securities fund manager. Peter Lynch managed the Magellan Fund for 13 years from 1977 to 1990, creating an investing miracle and myth.<b>Magellan Fund's assets under management grew from $20 million to $14 billion</b>, the fund had more than 1 million holders, making it the mutual fund with the largest amount of asset management in the world at that time.</p><p><b>The Magellan Fund managed by Lynch has a compound annualized rate of return of 29% in 13 years. But on October 19, 1987, the Magellan Fund lost 18% of its net asset value, a loss of up to $2 billion. Under the panic, investors rushed to redeem, resulting in the redemption share of Magellan Fund reaching 1.3 billion in October, while the share bought was only 689 million.</b></p><p><b>In his book \"Peter Lynch's Successful Investment\", he recorded his mental journey during the stock market crash in 1987: \"At that moment, I really wasn't sure whether it was the end of the world, or whether we were about to fall into a serious Great Depression, or maybe things didn't get that bad\". Lynch concluded that this stock market crash taught him many lessons:</b></p><p><b>One is that investors should ignore the ups and downs of the stock market. If you sell stocks in desperation during a stock market crash, your selling price will often be very low.</b></p><p><b>Second, even if you are panicked, you should stay awake.</b>Instead of selling so much at once, you should gradually reduce your holdings, so as to ultimately get a higher investment return than those investors who sell all their stocks due to panic.</p><p><b>Third, in the end, excellent companies will win, while ordinary companies will fail, and investors who invest in these two completely different types of companies will get completely different returns accordingly.</b>And it turns out that this is true.<b>By June 1988, the market had rebounded more than 400 points, a 23% recovery. If it had been sold in October 1987, the loss would have been painful.</b></p><p><b>6.2 Investment quotes</b></p><p>1) The stock market crash is as common as the January snowstorm in Colorado. If you are prepared, it won't affect you much.<b>The stock market crash is actually a great opportunity to buy stocks. At that time, frightened investors sell their stocks and the stock price is naturally very low</b>, you can take the opportunity to pick a lot of cheap stocks.</p><p><b>2) Usually, company performance has nothing to do with stock prices for months or even years. But in the long run, there is 100% correlation between the two.</b>This difference is the key to making money. To<b>Be patient and hold good stocks.</b></p><p><b>3) Everyone has the brain to make money in the stock market. But not everyone has the courage. You should stay away from stocks and funds if it's easy for you to sell stocks when the stock market is panicking.</b></p><p><b>4）</b>When you invest short-term, you can only earn 90%,<b>When you invest for the long term, you can earn ten times.</b></p><p><b>5) The historical law of stock market fluctuations tells us that all big declines will pass and the stock market will always rise higher.</b>Historical experience also shows that<b>The stock market crash is actually a good opportunity to release risks and create investment. You can buy those excellent company stocks at very low prices.</b></p><p>6）<b>Emotions can be a real performance killer,</b>A falling market can easily make you sell in a panic, or a skyrocketing market can easily make you greedily snap up overvalued stocks.</p><p>7) The real reason for the stock market crash, whether from the perspective of historical experience or from statistical indicators such as P/E and Dividend yields, the market at that time had risen too much.</p><p>8) People only remember that during the stock market crash, the stock market plummeted by 1,000 points in two months, half of which fell in one day, but they forget that in the nine months before the stock market crash, the stock market rose. More than 1,000 points.</p><p><b>7. How John Templeton spent his darkest hour</b><b>7.1 The Road to Contrarian Investment</b></p><p>John Templeton, along with George Soros, Peter Lynch and Warren Buffett, is ranked among the four legendary investors in the world, and is called the \"Father of Global Investment\" by Forbes magazine.</p><p>As the most famous contrarian investor of the last century, Templeton's investment method is summarized as,<b>\"Buy at the lows of the Great Depression, sell at the crazy irrational highs, and navigate the two with ease\". He sorts out and seeks countries and industries that have bottomed out but have excellent prospects around the world, and his investment targets are companies that have been ignored by the public.</b>As a contrarian value investor, Templeton believes that stocks that are completely ignored are the most exciting bargains-especially those that investors haven't studied yet.</p><p><b>From zero to one, from one to one hundred, he often takes low in and high out to the extreme, and invests against the trend at the \"maximum pessimistic point\".</b>In 1937, at the height of the Great Depression, Templeton formed his own company, Templeton, Dobbrow & Vance (TDV).<b>In 1939, amid the double terror of the Great Depression and the war, 36-year-old Templeton relied on a loan of $10,000 to buy 104 companies, each with 100 shares.</b>A few years later, the value of the entire portfolio recovered significantly, with the success of 100 companies earning Templeton the first pot of gold.<b>By 1967, his management had exceeded $400 million.</b>Templeton founded the largest and most successful Templeton mutual fund group in the world. Moreover, his fund company never hired salespeople and relied entirely on investment performance to attract customers.<b>In 1992, his assets under management were as high as $22 billion.</b></p><p><b>Sort out and seek countries and industries that have bottomed out but have excellent prospects on a global scale.</b>Between the 1960s and 1970s, Templeton was one of the first American fund managers to invest in Japan. He<b>Buy Japanese stocks at lower prices</b>, seized the opportunity before other investors, and after he bought, Japanese stocks soared all the way.<b>Later, he discovered that Japan's stock market was overvalued</b>, told shareholders in 1988 that Japan's stock market would shrink by 50% or more. At the same time, he found new investment opportunities,<b>Return to the United States.</b></p><p><b>7.2 Investment quotes</b></p><p><b>1) Street blood spattering is the best time to buy.</b></p><p><b>2) A bull market is born in pessimism, grows in doubt, matures in optimism, and dies in excitement.</b></p><p>3) Even if everyone around you is selling, you don't have to follow because<b>The best time to sell is before the stock market crashes, not after.</b></p><p>4) You should review your portfolio,<b>The only reason to sell existing stocks is that there are more attractive stocks,</b>If not, you should continue to hold the shares in hand.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How do investment gurus spend their darkest moments?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow do investment gurus spend their darkest moments?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/49\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/947583bee22e443aa795464217837990);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">泽平宏观 </p>\n<p class=\"h-time smaller\">2022-04-28 14:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Buffett said, \"I am greedy when others panic, and I panic when others are greedy\".</p><p>What goes up is risk, and what goes down is opportunity. Real investors should be more pessimistic about good companies and stocks as they rise, and more optimistic as they fall. Investment is anti-human, so only a few people are destined to succeed. What we need to do is to improve our thinking and cognition. Investment is essentially the realization of cognition.</p><p>Regardless of individual stocks or the broader market, the bottom is not a point, but a range. If you buy early, you may experience the darkest moment, but buying cheap is the last word, and greatness comes through. Value investing is a friend of time.</p><p>In the darkest moments of the market, we are willing to convey rationality, professionalism and confidence.</p><p>Let's take a look at how those world-class investment gurus survive the darkest moments of the market, which may bring you some inspiration.</p><p><b>1. How Buffett spent his darkest moments</b><b>1.1 Don't be afraid of \"Black Monday\", decisively buy the bottom against the trend<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a></b></p><p>The U.S. stock market crashed on Black Monday, October 19, 1987.<b>The Dow Jones Industrial Average fell 508.32 points, or 22.62%. If calculated by market value, nearly 500 billion U.S. dollars evaporated on this day. The GDP of the United States that year was about 4.87 trillion, a single-day drop of more than 1/10 of GDP.</b>The plunge in U.S. stocks triggered a global financial tsunami, and the stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places plummeted one after another.</p><p><b>On this day, Warren Buffett lost $342 million. In a week, Buffett Holdings<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>· Hathaway's stock price plummeted 25%.</b>However, unlike ordinary investors, Buffett, who suffered a big loss, did not jump to sell stocks in a hurry, nor did he ask around for news. According to media reports,<b>All day long, he stayed quietly in the office as usual, making phone calls, reading newspapers and reading the annual reports of listed companies.</b></p><p>At the subsequent Buffett Group shareholders' meeting,<b>Some media asked him what the stock market crash in 1987 meant, and Buffett calmly replied at that time, \"Maybe it has risen too high.\" \"Long-term investment, be a friend of time\", \"Buy excellent companies at a reasonable price\", \"It is meaningless to predict the market, you should pay attention to the company itself\" and so on are all investment creeds put forward by Buffett at that time.</b></p><p>Buffett firmly believes that the stock market crash will pass, the stock market will return to normal, and the stock prices of high-quality companies will eventually reflect their intrinsic value. He strongly believes in his investment philosophy and strives to find companies that offer long-term sustainable competitive advantages.<b>After the stock market plummeted, the calm Buffett began to \"pick up bargains\". That is, in 1988, Buffett bought the good stock that will make him a lot of money in the next few decades-Coca-Cola.</b>Coca-Cola has been one of Buffett's heavyweight stocks since it first bought it in 1988.<b>In 2022, in the face of global financial market instability, Coca-Cola swimmed against the current and its share price hit a record high.</b></p><p><b>1.2 If you wait until the robin calls, you will miss the whole spring</b></p><p><b>When the financial crisis struck in 2008, at the darkest moment when the market was full of panic, Buffett wrote in October of that year<a href=\"https://laohu8.com/S/NYT\">The New York Times</a>\"Published the famous\" I'm Buying America \"</b>：</p><p>\"Both in the United States and elsewhere in the world, financial markets are in chaos. The financial crisis has penetrated into the overall economy, and now this penetration has become a blowout. In the near future, the unemployment rate will rise.<b>Business activity will stagnate and the headlines continue to be scary news. So I started buying US stocks.</b></p><p><b>Why? Because I follow a simple creed: I am afraid when others are greedy, and I am greedy when others are afraid.</b></p><p>Of course, in most cases, fear will spread, and even experienced investors can't resist this fear. Somewhat certainly, however, investors should be wary of over-leveraged entities or enterprises with weak competitive position.<b>But for many competitive companies, there is no need to worry about their long-term prospects. The profits of these companies will be ups and downs, but most big companies will set new profit records in 5, 10 and 20 years.</b></p><p><b>To clarify, I can't predict the short-term changes of the stock market, and I dare not say anything about the rise and fall of stocks in one month or one year. However, there is a situation that is likely to happen. Before the market regains confidence or the economy recovers, the stock market will rise, possibly sharply. If you wait until the robin calls, you will miss the whole spring. \"</b></p><p><b>Five months after the publication of \"I'm Buying America\", the U.S. stock market began a bottom out, ushering in a ten-year bull market. Buffett and his Berkshire once again achieved asset appreciation.</b>In the 12 years from 2009 to the end of 2021, the Dow Jones index rose from a low of 6,440 points to 36,952 points, an increase<b>5.7 times</b>； The S&P 500 rose from a low of 666 points to 4,818 points,<b>An increase of 7.23 times</b>； The Nasdaq index rose from a low of 1,265 points to 16,212 points,<b>An increase of 12.8 times</b>。</p><p><b>1.3 Investment quotes</b></p><p><b>1) You are afraid when others are greedy, and greedy when others are afraid.</b></p><p><b>2) When some large companies have a temporary crisis, or the stock market falls, and profitable trading prices appear, we should not hesitate to buy their stocks.</b></p><p><b>3) A good opportunity is the kind that screams for you to buy. For example, in 2008, asset prices became cheap, so you can't be afraid at this time. In your lifetime investment career, you can encounter this great opportunity of falling gold in the sky about 6 times.</b></p><p>4) The nice thing about investing is that you don't need to swing at every ball thrown. The trick to investing is to sit there and watch the balls thrown one by one, and<b>The one waiting to hit the best position.</b></p><p><b>5）</b>Good companies are subject to market reversals and unreasonable stock prices and fall, and great investment opportunities are coming.<b>I prefer to see the market fall. When it falls sharply, it is easier to buy good goods and make good use of money.</b></p><p><b>6) Invest in businesses rather than stocks. It is foolish to own a stock and expect it to rise tomorrow morning.</b></p><p><b>7) When a powerful large company encounters a huge but resolvable crisis, an excellent investment opportunity quietly comes.</b></p><p><b>2. How Munger spent his darkest moments</b><b>2.1 There are also difficult moments behind brilliant achievements. Investment must be good at \"waiting\". Greatness is achieved by enduring it</b></p><p>Munger is Buffett's golden partner and vice chairman of Berkshire Hathaway. He and Buffett joined forces to create the history of<b>The best investment record-an average annual compound rate of return of more than 20%.</b></p><p><b>There are also difficult moments behind the brilliant investment achievements. Munger lost 31.9% in 1973,</b>In contrast, the Dow Jones Industrial Average fell 13.1%; In 1974, it lost 31.5%, and the Dow Jones index fell 23.1%. Referring to those two years, Munger himself later said: \"It was a difficult experience-1973-1974 was a very unpleasant experience.\"</p><p>But despite this, looking back at that decline, Munger<b>I still believe that most stock prices have fallen to drooling lows in those two years, which is a very good opportunity.</b>He even lamented that he and Buffett might never see these opportunities again. \"We were crushed by the market between 1973 and 1974 because our stocks had to trade at less than half of their real value,\" Munger said.</p><p><b>The right choices made in the most difficult times will eventually pay off.</b>At the end of 1974, 61% of its money was invested in blue-chip stamping companies. In the worst bear market since the Great Depression, blue-chip printing companies brought a lot of pullback/retracement to Munger's portfolio. However, the blue-chip printing company later, as an important asset of the fund, provided a lot of funds for the subsequent acquisitions of See's Candy, Buffalo Evening News and Wesco Financial Company.</p><p><b>The secret of Munger's investment success is not to buy and sell to gain wealth, but to wait. Munger believes that if you want to make a lot of money, you have to be good at waiting. Rather look silly than go with the flow impatiently. Munger's investment wisdom is actually not a profound truth. The difficult thing is conscientious implementation and persistence. The waiting process is anti-human</b>，<b>A lot of people can't do it.</b></p><p><b>One of the most important reasons why Buffett and Munger can become masters is that they understood the core truth at a very young age and persisted in it all their lives.</b>In Munger's view,<b>If you can't take the market downturn of more than 50% two or three times in a century, you're not fit to invest</b>, and compared with those investors who can rationally handle market fluctuations, they can only obtain relatively mediocre investment returns.</p><p>Under the guidance of Munger, Buffett has also iteratively updated his investments over the years. He is no longer obsessed with the early investment concept of \"low-priced cigarette butt stocks\", but broadens his horizons.<b>Invested<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Waiting for a group of technology growth companies, they also look around the world and invest in<a href=\"https://laohu8.com/S/002594\">BYD</a>Waiting for rising Chinese companies.</b></p><p><b>2.2 Investment quotes</b></p><p>1）<b>What Buffett and I did was, we bought things that were promising. Sometimes we have economic tailwinds, sometimes we have headwinds, but no matter what, we keep going</b>。</p><p>2) To invest, you don't need a lot of action, but rather<b>Plenty of patience</b>。</p><p><b>3) If you can't take the market's decline of more than 50% calmly, you are not suitable for investing.</b></p><p>4）<b>Learn to take a loss</b>You need the ability not to go crazy even when you suffer losses and face adversity.</p><p><b>3. How Howard Marks spent his darkest moments</b><b>3.1 Fully understand the \"routines\" of bull and bear markets, go against the trend and do not follow the crowd</b></p><p>Howard Marks is a famous investment guru and American<a href=\"https://laohu8.com/S/OAK\">Oaktree Capital</a>Founder of Management Ltd. When he first entered the industry, an old-timer told him a routine about the bull market. The old-timer said,<b>The bull market is actually very simple, divided into three stages</b>: first stage,<b>A few visionaries come to believe that everything will be better</b>； In the second stage, most investors realize that progress has indeed happened; And when it comes to the third stage,<b>Everyone asserts that everything will always be better-when consensus surpasses common sense, the bull market is over.</b></p><p>Howard Marks discovered the subprime mortgage crisis in 2008<b>A bear market also has three stages:</b>First, a few investors smelled the risk in the frenzy; Then most investors began to feel the deterioration of the situation;<b>In the end, everyone is immersed in pessimism, believing that the situation will only get worse, and the bear market may have seen its bottom.</b></p><p>Max believes that,<b>The key to successful investing is to go against the trend-not follow the crowd. The most interesting thing about investing is its contradiction. The most obvious things that everyone agrees with are often proved to be wrong. Only when most people don't see the value of the investment will the price be lower than the value. The key to success cannot be group judgment</b>, trends and group consensus are the factors that hinder success. Therefore, most investors are trend followers, while prominent investors are the opposite, they<b>Using second-level thinking</b>, avoid the same investment portfolio and carry out<b>Contrarian investment</b>。</p><p><b>3.2 Understand that the market is not completely \"effective\" and look for the perfect moment</b></p><p><b>The core logic that supports Max's courage to operate against the market is his understanding of market effectiveness.</b>The efficient market hypothesis holds that in the stock market with sound relevant laws, high transparency and sufficient competition, all available information has been timely, accurately and fully reflected in the asset price, unless there is market manipulation.<b>In Max's view, efficient market theory is not the whole truth of financial markets. The mainstream market is indeed becoming more and more effective, but its ineffectiveness will always be there.</b>Because people are a complex of rationality and sensibility, most people are driven by greed, fear, jealousy and other emotions that undermine objectivity and lead to major mistakes, so the market price given by people cannot be absolutely fair, that is, it will not always be valid or invalid.</p><p>In 2008, with the collapse of Lehman Brothers, people on Wall Street were panicked, and some even predicted that the entire financial system was about to collapse, and an asset selling frenzy followed.<b>But in the three months after Lehman's bankruptcy, Oaktree bucked the market and spent more than $6 billion to buy senior secured bonds of highly leveraged companies such as utilities at about 50% below their actual face value.</b>Eventually, with the arrival of the economic recovery, most of the bonds taken over were paid at face value within a few months,<b>Oaktree doubled its earnings and became one of the few big winners in the financial crisis.</b></p><p>Invested by Howard Marks<b>The way to success lies in that he is good at going against the trend, not panicking when the crisis comes, and operating against the market through his second-level thinking and understanding of market effectiveness.</b>Successful investments<b>It's not about \"buying good\", but about \"buying good\"</b>, namely<b>Buying below value, waiting for the asset price to move closer to value,</b>It is the true meaning of investment and the most reliable way to make money.</p><p><b>3.3 Investment quotes</b></p><p>1）<b>Excellence in investing requires a second level of thinking, a more complex and insightful way of thinking that is different from ordinary people.</b>What is Second Level Thinking?</p><p><b>The first level of thinking says: The company will have the prospect of sluggish growth and increased inflation. Let's dump the stock. The second level of thinking says: The company's prospects are terrible, but everyone is selling stocks in a panic, so we should buy them.</b></p><p>The first level of thinking says: The profits of this company will fall, sell. The second level of thinking says: The company's profits will fall less than people expect, and there will be unexpected surprises that will boost the stock. Buy in.</p><p>The first level of thinking says: This is a good company, let's buy stocks. The second level of thinking says: This is a good company, but everyone thinks it is a good company, so it is not a good company. The stock is overvalued and overpriced, let's sell the stock.</p><p><b>The first level of thinking is simple and superficial, and almost everyone can do it. The second level of thinking is deep, complex and circuitous.</b></p><p>2）<b>You can't expect to win while doing the same thing as someone else</b>Breaking through the routine is not the goal, but a good way of thinking. When there is a crisis, to make money:<b>First, you must have money, second, you must have the courage, dare to invest this money</b>。 When you have both, this is the formula for success.</p><p>3) To some extent,<b>Trends, group consensus are factors that hinder success</b>, similar investment portfolios are what we want to avoid. Due to the pendulum swing of the market or the periodicity of the market, obtaining<b>The key to ultimate victory lies in contrarian investing.</b></p><p>4）<b>Keep in mind that everything has a cycle. The cycle always wins at the end. Nothing can go in the same direction forever. Trees don't grow to the sky. Very few things go to zero. Insisting on speculating on the future based on today's events is the greatest harm to investors' investment activities.</b></p><p>5）<b>The mood swings in the securities market are similar to pendulum movements.</b>When things are good and prices are high, investors can't wait to buy, leaving all caution behind them. When the surrounding environment is chaotic and assets are cheap to sell, investors completely lose the willingness to take risks and can't wait to sell. Forever.</p><p><b>4. How Dario spent his darkest moments</b><b>4.1 Bridgewater Fund's all-weather strategy emphasizes proactively grasping appropriate market opportunities</b></p><p>Dario is the founder of Bridgewater Fund, the world's largest hedge fund, with an asset management scale of over 200 billion US dollars.</p><p>Dario proposed an \"all-weather strategy\" and emphasized the use of<b>Scientific and economic quantitative models for active asset management</b>, fusion<b>Macroeconomic prediction, asset class selection, portfolio risk management</b>Three major areas, create a complete asset management system. By analyzing the macroeconomic environment, we divide different stages according to the level of economic growth and inflation, find asset classes suitable for each state, and then allocate stocks, commodities and bonds to construct the final investment portfolio.</p><p><b>4.2 Responding to the crisis: Instead of complaining about the danger, seize the opportunity</b></p><p><b>Dalio proved to many investors that instead of complaining passively about the market, it is better to actively respond to risks, adjust investment mentality according to market conditions, and reconstruct investment portfolios. Bridgewater Fund has performed well in many crises.</b></p><p><b>Black Monday 1987</b>, Dario's Bridgewater Fund bucks the trend<b>Earn a high return of 22%.</b></p><p><b>Year 2008</b>, the hedge fund industry as a whole is bleak, and the performance of many funds is very poor. Many prominent financial institutions were at risk, Lehman Brothers collapsed and Bear Stearns was taken over by other financial institutions.<b>Bridgewater bucked the trend and achieved a positive return of 14%.</b></p><p><b>The sovereign debt crisis broke out in Europe in 2010, and the overall performance of the industry was also very bleak, but Bridgewater</b>Outperforming again.<b>Its \"Pure Alpha Fund\", with a scale of US $70 billion, gained 45% of the income in 2010.</b>This year, Bridgewater's overall rate of return also reached a record high.</p><p><b>Crisis can make people grow. Crisis is both danger and opportunity, and there is opportunity in danger. Easier said than done, but Dario really did this, turning danger into opportunity, and gaining high profits in the market turmoil.</b></p><p>In<b>Principles</b>In a book, Dalio shares three things he learned during the market crash:</p><p><b>First, you shouldn't be outrageously overconfident and indulge yourself to be swayed by emotions.</b>No matter how much I know, no matter how diligent I am, I should never be confident in making absolute assertions.</p><p>Second, I realize again that<b>The value of studying history</b>；</p><p>And third,<b>Timing the market is difficult, though for most</b>。</p><p><b>4.3 Investment quotes</b></p><p>1) Committed by investors<b>The biggest mistake is to think that what happened recently is likely to last.</b></p><p><b>2) I'm not immersed in the moment.</b></p><p><b>3）</b>Investors are always prone to making the decision to sell when the market falls. Yielding to fear is not a wise strategy, because it won't be successful. On the contrary, when the market is down, investors need to do the opposite operation:<b>When you stop feeling fear, you may need to sell; When you feel fear, you may need to buy.</b></p><p><b>4）</b>Wise people always focus on solid fundamentals when going through all kinds of ups and downs, and<b>Flirtatious people follow their feelings, react emotionally, rush to hot things, and give up immediately when they are not hot.</b></p><p><b>5. How Graham spent his darkest moments</b><b>5.1 Buy at low prices + risk protection, do not withdraw to deal with the stock market downturn</b></p><p>Benjamin Graham has the reputation of \"The Godfather of Wall Street\". His representative works include \"Securities Analysis\", \"Smart Investor\", etc. He believes that the world is<b>There is no way to get rich overnight, and often the easiest way is the best way.</b>He suggested that investors should hold a correct attitude, believe in common sense judgment and think for themselves.<b>An investor must not only have good enterprise analysis and judgment ability, but also have a rational ability to isolate his thoughts and behaviors from those emotions hovering in the market in order to achieve investment success.</b></p><p>In 1936, Wall Street fell into another downturn, and for most investors, it was about to face another round of severe tests.<b>At this time, Graham did not fall into pessimism like other investors, but made full use of stock investment analysis methods to search for stocks worth investing in.</b>He does not pay attention to predicting the future trend of the securities market or the future prospects of individual stocks based on the past performance of individual stocks, but mainly<b>Take whether the stock market value is lower than its intrinsic value as the judgment criterion</b>, especially those stocks below their liquidation value are the focus of his attention.</p><p><b>Graham bought a large number of penny stocks for Graham Newman during the stock market downturn,</b>Moreover, as before the stock market crash of 1929, Graham took various hedging measures for various investments. This time, he protected his assets more comprehensively.<b>On the one hand, Graham adopts the method of diversifying investment to avoid risks; on the other hand, he invests in preferred shares, uses preferred shares to obtain low-interest financing, and at the same time, he can obtain about half of the dividend, while ordinary shares are not guaranteed to have dividends, so as to achieve the purpose of avoiding risks.</b></p><p>Graham's investment strategies and investment skills not only show the ability to resist the persistent low tide, but also show the ability to make profits in a weak market.<b>When the stock market began to reverse, Graham bought a large number of penny stocks during the stock market downturn, thus reaping huge returns.</b>Between 1936 and 1941, despite the general downward trend of the stock market, Graham Newman's average annual return on investment during this period greatly exceeded the performance of S&P stocks during the same period, which lost an average of 0.6%.</p><p>Looking at the longer timeline,<b>From 1936 to 1956, Graham recorded an average annual return on investment of no less than 14.7%.</b>, can rank among the best long-term yields on Wall Street ever.</p><p><b>5.2 Investment quotes</b></p><p><b>1) The bull market is the main reason why ordinary investors lose money.</b></p><p>2) Buying stocks is part of buying a business.</p><p>3) The market always swings between excessive excitement and excessive pessimism,<b>Smart investors buy from overly pessimistic people and sell to overly excited people.</b></p><p>4) Your own performance can affect investment returns far more than the performance of the security itself.</p><p>5) Haggle over every ounce about stock prices, like shopping in a supermarket, not like buying cosmetics.</p><p><b>6) Rising stocks increase rather than decrease risk, and falling stocks decrease rather than increase risk.</b></p><p>7) In a bull market, it is difficult to see listed companies holding more cash than their stock prices, but<b>There are more opportunities than expected in a bear market, so seize them.</b></p><p>8) The most practical difference between investors and speculators lies in their attitude towards stock market movements: speculators are mainly interested in participating in market fluctuations and making profits from them.<b>Investors' interest is mainly in acquiring and holding the right stocks at the right price.</b></p><p><b>9) The average investor believes that in order to avoid investment risks, it is best to withdraw from the stock market and liquidate positions. But leaving the stock market isn't the best way to deal with a stock market downturn.</b></p><p><b>6. How Peter Lynch spent his darkest moments</b><b>6.1 Refuse to sell-off dominated by fear</b></p><p>Peter Lynch is a preeminent stock investor and securities fund manager. Peter Lynch managed the Magellan Fund for 13 years from 1977 to 1990, creating an investing miracle and myth.<b>Magellan Fund's assets under management grew from $20 million to $14 billion</b>, the fund had more than 1 million holders, making it the mutual fund with the largest amount of asset management in the world at that time.</p><p><b>The Magellan Fund managed by Lynch has a compound annualized rate of return of 29% in 13 years. But on October 19, 1987, the Magellan Fund lost 18% of its net asset value, a loss of up to $2 billion. Under the panic, investors rushed to redeem, resulting in the redemption share of Magellan Fund reaching 1.3 billion in October, while the share bought was only 689 million.</b></p><p><b>In his book \"Peter Lynch's Successful Investment\", he recorded his mental journey during the stock market crash in 1987: \"At that moment, I really wasn't sure whether it was the end of the world, or whether we were about to fall into a serious Great Depression, or maybe things didn't get that bad\". Lynch concluded that this stock market crash taught him many lessons:</b></p><p><b>One is that investors should ignore the ups and downs of the stock market. If you sell stocks in desperation during a stock market crash, your selling price will often be very low.</b></p><p><b>Second, even if you are panicked, you should stay awake.</b>Instead of selling so much at once, you should gradually reduce your holdings, so as to ultimately get a higher investment return than those investors who sell all their stocks due to panic.</p><p><b>Third, in the end, excellent companies will win, while ordinary companies will fail, and investors who invest in these two completely different types of companies will get completely different returns accordingly.</b>And it turns out that this is true.<b>By June 1988, the market had rebounded more than 400 points, a 23% recovery. If it had been sold in October 1987, the loss would have been painful.</b></p><p><b>6.2 Investment quotes</b></p><p>1) The stock market crash is as common as the January snowstorm in Colorado. If you are prepared, it won't affect you much.<b>The stock market crash is actually a great opportunity to buy stocks. At that time, frightened investors sell their stocks and the stock price is naturally very low</b>, you can take the opportunity to pick a lot of cheap stocks.</p><p><b>2) Usually, company performance has nothing to do with stock prices for months or even years. But in the long run, there is 100% correlation between the two.</b>This difference is the key to making money. To<b>Be patient and hold good stocks.</b></p><p><b>3) Everyone has the brain to make money in the stock market. But not everyone has the courage. You should stay away from stocks and funds if it's easy for you to sell stocks when the stock market is panicking.</b></p><p><b>4）</b>When you invest short-term, you can only earn 90%,<b>When you invest for the long term, you can earn ten times.</b></p><p><b>5) The historical law of stock market fluctuations tells us that all big declines will pass and the stock market will always rise higher.</b>Historical experience also shows that<b>The stock market crash is actually a good opportunity to release risks and create investment. You can buy those excellent company stocks at very low prices.</b></p><p>6）<b>Emotions can be a real performance killer,</b>A falling market can easily make you sell in a panic, or a skyrocketing market can easily make you greedily snap up overvalued stocks.</p><p>7) The real reason for the stock market crash, whether from the perspective of historical experience or from statistical indicators such as P/E and Dividend yields, the market at that time had risen too much.</p><p>8) People only remember that during the stock market crash, the stock market plummeted by 1,000 points in two months, half of which fell in one day, but they forget that in the nine months before the stock market crash, the stock market rose. More than 1,000 points.</p><p><b>7. How John Templeton spent his darkest hour</b><b>7.1 The Road to Contrarian Investment</b></p><p>John Templeton, along with George Soros, Peter Lynch and Warren Buffett, is ranked among the four legendary investors in the world, and is called the \"Father of Global Investment\" by Forbes magazine.</p><p>As the most famous contrarian investor of the last century, Templeton's investment method is summarized as,<b>\"Buy at the lows of the Great Depression, sell at the crazy irrational highs, and navigate the two with ease\". He sorts out and seeks countries and industries that have bottomed out but have excellent prospects around the world, and his investment targets are companies that have been ignored by the public.</b>As a contrarian value investor, Templeton believes that stocks that are completely ignored are the most exciting bargains-especially those that investors haven't studied yet.</p><p><b>From zero to one, from one to one hundred, he often takes low in and high out to the extreme, and invests against the trend at the \"maximum pessimistic point\".</b>In 1937, at the height of the Great Depression, Templeton formed his own company, Templeton, Dobbrow & Vance (TDV).<b>In 1939, amid the double terror of the Great Depression and the war, 36-year-old Templeton relied on a loan of $10,000 to buy 104 companies, each with 100 shares.</b>A few years later, the value of the entire portfolio recovered significantly, with the success of 100 companies earning Templeton the first pot of gold.<b>By 1967, his management had exceeded $400 million.</b>Templeton founded the largest and most successful Templeton mutual fund group in the world. Moreover, his fund company never hired salespeople and relied entirely on investment performance to attract customers.<b>In 1992, his assets under management were as high as $22 billion.</b></p><p><b>Sort out and seek countries and industries that have bottomed out but have excellent prospects on a global scale.</b>Between the 1960s and 1970s, Templeton was one of the first American fund managers to invest in Japan. He<b>Buy Japanese stocks at lower prices</b>, seized the opportunity before other investors, and after he bought, Japanese stocks soared all the way.<b>Later, he discovered that Japan's stock market was overvalued</b>, told shareholders in 1988 that Japan's stock market would shrink by 50% or more. At the same time, he found new investment opportunities,<b>Return to the United States.</b></p><p><b>7.2 Investment quotes</b></p><p><b>1) Street blood spattering is the best time to buy.</b></p><p><b>2) A bull market is born in pessimism, grows in doubt, matures in optimism, and dies in excitement.</b></p><p>3) Even if everyone around you is selling, you don't have to follow because<b>The best time to sell is before the stock market crashes, not after.</b></p><p>4) You should review your portfolio,<b>The only reason to sell existing stocks is that there are more attractive stocks,</b>If not, you should continue to hold the shares in hand.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cde2e4fc86b629e1a7a7708ea53eb694","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176249216","content_text":"巴菲特说：“在别人恐慌时我贪婪，在别人贪婪时我恐慌”。涨上去的是风险，跌下来的是机会。真正的投资者对于好公司好股票应该越涨越悲观，越跌越乐观。投资是反人性的，所以注定只有少数人能够成功。我们所需要做的是提升自己的思维和认知，投资本质上是认知的变现。无论个股还是大盘，底部不是一个点，而是一个区间。如果买的早了，你可能会经历至暗时刻，但是，买的便宜是硬道理，伟大都是熬出来的。价值投资是做时间的朋友。在市场的至暗时刻，我们愿意传递理性、专业和信心。让我们看看那些世界级投资大师如何度过市场的至暗时刻，或许能给大家带来一些启发。1、巴菲特如何度过至暗时刻1.1  不惧“黑色星期一”，果断逆势抄底可口可乐1987年10月19日，黑色星期一，美国股市崩盘。道琼斯工业指数下跌了508.32点，跌幅达22.62%。如果用市值来算，这一天蒸发了近5000亿美元，美国当年GDP约4.87万亿，单日下跌超GDP的1/10。美股暴跌引发了全球性的金融海啸，伦敦、法兰克福、东京、悉尼、香港、新加坡等地股市，接连出现暴跌。这天股神巴菲特损失了3.42亿美元。一周的时间，巴菲特控股的伯克希尔·哈撒韦公司股价便暴跌了25％。不过与普通投资者不同，大亏后的巴菲特没有急得跳脚抛售股票，也没有四处打听消息。据媒体报道，整整一天，他和往常一样安静呆在办公室里，打电话，看报纸，看上市公司的年报。在之后召开的巴菲特集团股东大会上，有媒体提问他1987年这次股灾崩盘意味着什么，巴菲特当时平静回答“也许它上涨得过高了吧。”“长期投资、做时间的朋友”、“以合理的价格买进优秀的公司”、“预测市场没有意义，应该关注公司本身”等等都是巴菲特彼时提出的的投资信条。巴菲特坚信股灾会过去，股市会恢复正常，优质公司的股价最终会反映其内在价值。他坚信自己的投资理念，努力寻找那些具有长期持续竞争优势的公司。在股市暴跌后，平静的巴菲特开始“捡便宜”。也就是在1988年，巴菲特买入了未来几十年让他赚得盆满钵满的好股票——可口可乐。从1988年初次买入后，可口可乐一直作为巴菲特的重仓股之一。2022年，面对全球金融市场不稳定，可口可乐逆流而上，股价创下历史性新高。1.2  如果你等到知更鸟叫时，你将错过整个春天2008年金融危机来袭，在市场充满恐慌情绪的至暗时刻，巴菲特于当年10月在《纽约时报》发表了著名的《我在买入美国》：“无论是在美国还是在世界其他地方，金融市场都陷入了混乱。金融危机已经渗透到总体经济中，现在这种渗透变为井喷式爆发，近期，失业率还将上升。商业活动将停滞不前，头条新闻继续是令人害怕的消息。因此我开始购买美国股票。为什么？因为我奉行一条简单的信条：即他人贪婪时我恐惧，他人恐惧时我贪婪。当然，在多数情况下恐惧会蔓延，即使是经验丰富的投资者也无法抗拒这种恐惧感。不过有点是肯定的，投资者应对竞争地位弱的、但杠杆过度的实体或企业保持警惕。但对于很多竞争力强的公司，没有必要担心他们的长期前景。这些公司的利润也会时好时坏，但多数大公司在5、10、20年后都将创下新的利润记录。要澄清一点，我无法预计股市的短期变动，对于股票1个月或1年内的涨跌情况我不敢妄言。然而有个情况很可能会出现，在市场恢复信心或经济复苏前，股市会上涨而且可能是大涨。如果你等到知更鸟叫时，你将错过整个春天。”《我在买入美国》发表5个月后，美股开始触底反弹，迎来了长达十年的牛市，巴菲特和他的伯克希尔再次实现资产增值。从2009年开始到2021年末的12年内，道琼斯指数从最低6440点上涨到36952点，涨幅5.7倍；标普500指数从最低666点上涨到4818点，涨幅7.23倍；纳斯达克指数从最低1265点上涨到16212点，涨幅12.8倍。1.3  投资名言1）当别人贪婪时你恐惧，当别人恐惧时你贪婪。2）当一些大企业暂时出现危机，或股市下跌，并出现有利可图的交易价格时，我们就应该毫不犹豫买进它们的股票。3）好机会是那种尖叫着要你买入的。比如2008年，资产价格便宜了，这时候就不能怕。在你们一辈子的投资生涯之中，这种天上掉金子的大好机会，大概能遇到 6 次。4）投资的好处在于你不需要对每个扔过来的球挥棒。投资诀窍就是坐在那里看着一个个扔来的球，并且等待打到最佳位置的那个。5）好企业受制于市场逆转、股价不合理而下跌，大好的投资机会即将来临。我更愿意看到市场下跌，大跌的时候更容易买到好货，更容易把钱用好。6）投资企业而不是股票。拥有一只股票，期待它明天早晨就上涨是十分愚蠢的。7）当一家有实力的大公司遇到一次巨大但可以化解的危机时，一个绝好的投资机会就悄然来临。2、芒格如何度过至暗时刻2.1 辉煌成绩背后亦有艰辛时刻，投资要善于“等待”，伟大都是熬出来的芒格是巴菲特的黄金搭档，伯克希尔·哈撒韦公司的副主席。他和巴菲特联手创造了有史以来最优秀的投资纪录——年均20%以上的复合收益率。辉煌投资成绩的背后亦有艰辛时刻。芒格在1973年损失了31.9％，相比之下，道琼斯工业指数下跌了13.1％；在1974年损失了31.5％，道琼斯指数下跌23.1％。提起那两年，芒格自己后来也说：“这是一段艰难的经历——1973年至1974年是一个非常不愉快的经历。”但尽管如此，回过头再看那场下跌，芒格依然认为，那两年大多数股票价格都已经跌到令人流口水的低位，是一个非常好的机会，他甚至曾感慨，自己和巴菲特可能再也看不到这些机会了。芒格说：“我们在1973年到1974年间被市场碾压了，是因为我们的股票不得不在低于他们真正价值的一半以下的价格交易。”在最艰难时刻作出的正确选择，终会为你带来回报。1974年底，其61％的资金投资于蓝筹印花公司。在大萧条以来最糟糕的熊市里，蓝筹印花公司给芒格的投资组合带来了较大程度的回撤。然而，后来蓝筹印花公司作为基金的重要的资产，为之后收购喜诗糖果、布法罗晚报和韦斯科金融公司等提供了大量的资金。芒格投资成功的秘诀不在于买进卖出获得财富，而在于等待。芒格认为，如果你想赚大钱，你必须善于等待。宁愿看起来很傻，也不愿意没有耐心地随波逐流。芒格的投资智慧，其实并不是什么高深的道理，难的是认真执行和坚持，等待的过程是反人性的，很多人是做不到的。巴菲特和芒格能够成为大师的最重要原因之一，就是他们在很年轻的时候就明白了核心的道理，并且用一生的时间坚持下去。在芒格看来，如果你对于在一个世纪内发生两三次或者更多次，市场超过50%下跌不能泰然处之，你就不适合做投资，并且和那些具有能理性处理市场波动的投资者相比，也只能获得相对平庸的投资收益。在芒格的引导下，巴菲特也对自己的投资历年进行迭代更新，不再是执着于早期的“低价烟蒂股”投资理念，而是开拓视野，投资了苹果等一批科技成长公司，也放眼全球，投资了比亚迪等崛起中的中国公司。2.2 投资名言1）巴菲特和我所做的是，我们买了有前景的东西。有时我们遇到经济的顺风，有时我们遇到逆风，但不管怎样，我们都在继续前行。2）要进行投资，你需要的不是大量的行动，而是大量的耐心。3）如果你对于市场超过50%下跌不能泰然处之，你就不适合做投资。4）学会承受损失，你需要即使遭受损失和身处逆境也不会疯掉的能力。3、霍华德·马克斯如何度过至暗时刻3.1  充分认知牛熊市“套路”，逆势而行、不从众霍华德·马克斯是著名投资大师、美国橡树资本管理有限公司创始人。刚入行的时候，有个老前辈和他讲了一个关于牛市的套路。老前辈说，牛市其实非常简单，一共分成三个阶段：第一阶段，少数有远见的人开始相信一切会更好；第二阶段，大多数投资者意识到进步的确已经发生；而当到了第三阶段，人人断言一切永远会更好——当共识超越常识，牛市就到了终点。霍华德·马克斯在2008年次贷危机是发现了熊市同样有三个阶段：先是少数投资者在狂热中嗅到了风险；然后大多数投资者开始感受到了形势的恶化；最后所有人都沉浸在悲观之中，相信形势只会更糟，熊市可能就见到了底部。马克斯认为，成功投资的关键在于逆势而行——不从众。投资最有趣的事情是它的矛盾性，最显而易见、人人赞同的事，往往被证明是错误的。只有当多数人看不到投资价值的时候，价格才会低于价值。成功的关键不可能是群体的判断，趋势与群体共识是阻碍成功的因素。因此，大多数投资者是趋势跟踪者，而杰出的投资者恰恰相反，他们使用第二层次思维，避开雷同的投资组合，进行逆向投资。3.2 参悟市场并非完全“有效”，寻找绝佳时刻支撑马克斯敢于逆市操作的核心逻辑，是他对市场有效性的参悟。有效市场假说认为，在相关法律健全、透明度高、竞争充分的股票市场，一切可获得的的信息已经及时、准确、充分地反映在资产价格当中，除非存在市场操纵。在马克斯看来，有效市场理论并非金融市场的全部真相，主流市场的确变得愈发有效，但无效性永远都在。因为，人是理性感性的综合体，大多数人都会受贪婪、恐惧、妒忌及其他破坏客观性、导致重大失误的情绪所驱动，所以人给出的市场价格不可能绝对公允，也就是不会一直有效或无效。2008年，随着雷曼兄弟轰然倒下，华尔街人心惶惶，甚至有人预测整个金融体系即将崩溃，资产抛售狂潮随之而来。但在雷曼兄弟破产后的三个月里，橡树资本逆市斥资60多亿美元，以低于实际面值约50%的价格收购了公用事业公司等高杠杆公司的优先担保债券。最终，随着经济复苏的到来，接盘的大多数债券在几个月内都按面值偿付，橡树取得了翻倍收益，成为此次金融危机中为数不多的大赢家。霍华德·马克斯投资的成功之道在于他善于逆势而为，不在危机来临时恐慌，通过自己的第二层思维、对市场有效性的参悟进行逆市操作。成功的投资不在于“买好的”，而在于“买得好”，即以低于价值的价格买进，等待资产价格向价值靠拢，才是投资真谛，最可靠的赚钱方法。3.3  投资名言1）卓越投资需要第二层次思维，一种不同于常人的更复杂、更具洞察力的思维方式。什么是第二层次思维？第一层次思维说：公司会出现增长低迷、通货膨胀加重的前景。让我们抛掉股票吧。第二层次思维说：公司前景糟糕透顶，但是所有人都在恐慌中抛售股票，我们应该买进。第一层次思维说：这家公司的利润会下跌，卖出。第二层次思维说：这家公司的利润下跌得会比人们预期的少，会有意想不到的惊喜而拉升股票。买进。第一层次思维说：这是一家好公司，让我们买进股票吧。第二层次思维说：这是一家好公司，但是人人都认为它是一家好公司，因此它不是一家好公司。股票的估价和定价都过高，让我们卖出股票吧。第一层次思维单纯而肤浅，几乎人人都能做到。第二层次思维深邃、复杂而迂回。2）你不可能在和他人做着相同事情的时候期待胜出，突破常规不是目的，但是一种不错的思维方式。当发生危机时，要想赚钱：第一得有钱，第二得有种，敢投资这笔钱。当两者都具备，这就是成功的公式。3）某种程度上来说，趋势、群体共识是阻碍成功的因素，雷同的投资组合是我们要避开的。由于市场的钟摆式摆动或市场的周期性，所以取得最终胜利的关键在于逆向投资。4）牢记万物皆有周期。周期永远胜在最后。任何东西都不可能朝同一个方向永远发展下去。树木不会长到天上。很少有东西会归零。坚持以今天的事件推测未来是对投资者的投资活动最大的危害。5）证券市场的情绪波动类似于钟摆运动。当形势良好、价格高企时，投资者迫不及待地买进，把所有谨慎都拋诸脑后。当周围环境一片混乱、资产廉价待沽时，投资者又完全丧失了承担风险的意愿，迫不及待地卖出。永远如此。4、达里奥如何度过至暗时刻4.1  桥水基金全天候策略，强调主动把握合适市场机会达里奥是全球最大对冲基金桥水基金创始人，资产管理规模超2千亿美元。达里奥提出“全天候策略”，强调运用科学经济量化模型进行主动资产管理，融合宏观经济预判、资产类别选择、组合风险管理三大领域，创建一套完整的资产管理体系。通过对宏观经济环境进行分析，根据经济增长和通胀水平划分不同阶段，寻找适合每一个状态的资产类别，进而配置股票、商品、债券，构建最终的投资组合。4.2  应对危机：与其抱怨危险，不如把握机遇达里奥向众多投资人证明，与其消极抱怨市场，不如积极风险应对，根据市场状态调整投资心态，重构投资组合，桥水基金凭此在多次危机中表现优异。1987年黑色星期一，达里奥的桥水基金逆势挣得22%的高收益。2008年，对冲基金行业整体惨淡，很多基金的表现都非常地差。许多著名金融机构面临风险，雷曼兄弟倒闭，贝尔斯登也被其他金融机构接管。桥水却逆势获得14%的正收益。2010年欧洲爆发主权债务危机，行业整体表现也非常惨淡，但是桥水再次表现优异。旗下“纯粹阿尔法基金”，规模700亿美元，在2010年获得了45%的收益，这一年桥水的整体回报率也达到了历史新高。危机可以使人成长，危机既是危险也是机遇，危险之中蕴藏着机会。知易行难，但是达里奥是真正做到了这一点，化危险为机会，在市场动荡中获取了高额的收益。在《原则》一书中，达里奥分享了他在市场崩盘中学到的三件事情：第一，不应该离谱地过度自信，并放纵自己被情绪左右。无论我知道多少东西，无论我多么勤奋，我都不应该自信地做出绝对的断言。第二，我再次领会到研究历史的价值；第三，要把握市场的时机，虽然对大多数人来说相当困难。4.3 投资名言1）投资者犯的最大错误是，认为最近发生的事情可能会持续下去。2）我不会沉浸在当下。3）投资者在市场出现下跌时，总是容易做出抛售的决定。屈从恐惧并不是个明智的策略，因为这样做并不会取得成功。相反，在市场走跌时，投资者需要进行反向操作：当你不再感到恐惧时，你可能需要卖出；当你感到恐惧时，你也许需要买进。4）明智的人在经历各种沉浮时都始终盯稳健的基本面，而轻浮的人跟着感觉走，做出情绪化的反应，对于热门的东西一拥而上，不热的时候又马上放弃。5、格雷厄姆如何度过至暗时刻5.1  低价买入+风险防护，不以撤离应对股市低迷本杰明·格雷厄姆有“华尔街教父”的美誉。代表作品有《证券分析》、《聪明的投资者》等。他认为世上本没有一夜暴富的方法，往往最简单的方法就是最好的方法。他建议投资者应该持有正确的态度，相信常识的判断，为自己着想。一个投资者必须既具备良好的企业分析判断能力，又具备一种能把自己的思想行为和那些在市场上盘旋的情绪隔绝开来的理性能力，才能取得投资成功。1936年，华尔街再度陷入低迷，对于大多数投资者而言，即将面对又一轮的严峻考验。此时格雷厄姆并未像其他投资者一样陷入一片悲观之中，而是充分运用股票投资分析方法去搜寻值得投资的股票。他不重视以个股过去的表现来预测证券市场的未来走势或个股未来的展望，而主要以股票市值是否低于其内在价值作为判断标准，特别是那些低于其清算价值的股票更是他关注的重点。格雷厄姆在股市低迷期为格雷厄姆纽曼公司购入大量的低价股，而且格雷厄姆像1929年股市大崩溃之前一样，对各项投资均采取了各种避险措施，这次他将资产保护得更周全。格雷厄姆一方面采取分散投资的方法规避风险，另一方面是投资于优先股，利用优先股再获得低利率的融资，同时又可获得约半成的股利，而普通股并不保证有股利，从而达到规避风险的目的。格雷厄姆的这些投资策略和投资技巧既表现出了对持续低潮的抗跌能力，又表现出了在弱市中的获利能力。在股市开始反转时，格雷厄姆在股市低迷期购入大量低价股，由此获得了巨大的回报。在1936年至1941年之间，虽然股市总体来讲呈下跌趋势，但格雷厄姆纽曼公司在此期间的年平均投资回报率大大超过了同时期的标普股票表现，同时期的标普股票平均亏损0.6%。拉长时间线来看，格雷厄姆从1936年到1956年，记录的投资收益率，年均不低于14.7％，可以跻身于华尔街有史以来最佳的长期收益率之列。5.2  投资名言1）牛市是普通投资者亏损的主要原因。2）买股票是买一宗生意的一部分。3）市场总是在过度兴奋和过度悲观间摇摆，智慧的投资者是从过度悲观的人那里买来，卖给过度兴奋的人。4）你自己的表现远比证券的表现本身更能影响投资收益。5）对股票价格要斤斤计较，要像超市购物，不要像买化妆品。6）上涨的股票风险增加而不是减少，下跌的股票风险减少而不是增加。7）在牛市时很难见到上市公司手持现金超过股价，但熊市时这种机会比想象的要多，要抓住。8）投资者与投机者最实际的区别在于他们对股市运动的态度上：投机者的兴趣主要在参与市场波动并从中谋取利润，投资者的兴趣主要在以适当的价格取得和持有适当的股票。9）一般的投资者认为，为了规避投资风险，最好是从股市上撤离，斩仓出局。但撤离股市并不是股市低迷时期的最好应对方法。6、彼得·林奇如何度过至暗时刻6.1  拒绝被恐惧支配的抛售彼得·林奇是一位卓越的股票投资家和证券基金经理。从1977年到1990年，彼得·林奇管理麦哲伦基金13年，创造了一个投资奇迹和神话。麦哲伦基金管理的资产规模由2000万美元成长至140亿美元，基金的持有人超过100万人，是当时全球资产管理金额最大的共同基金。林奇管理的麦哲伦基金，13年里年化复合收益率高达29%。但1987年10月19日这天，麦哲伦基金的资产净值损失了18%，损失高达20亿美元。恐慌之下，投资者争相赎回，导致麦哲伦基金的赎回份额在10月高达13亿，而买入的份额仅有6.89亿。他在《彼得·林奇的成功投资》一书中，记录了1987年股灾时的心路历程：“在那一时刻，我真的不能确定，到底是到了世界末日，还是我们即将陷入一场严重的经济大萧条，又或者是事情并没有变得那么糟糕”。林奇总结说，这场股灾让自己汲取了很多教训：一是投资者应该忽视股票市场的起起落落。如果你在股市暴跌中绝望地卖出股票，那么你的卖出价格往往会非常之低。二是即使很恐慌，也应该保持清醒，不应该一下抛售那么多，而是应该逐步减持，这样才能最终获得比那些由于恐慌而将股票全部抛出的投资人更高的投资回报。三是最终优秀的公司将会胜利，而普通公司将会失败，投资于这两类完全不同的公司的投资者也将会相应得到完全不同的回报。事实也证明确实如此。到1988年6月时，市场已经反弹了400多点，回升了23%。如果在1987年10月时卖出，损失可谓惨痛。6.2  投资名言1）股市的崩盘，犹如科罗拉多州1月暴风雪一样寻常。如果你有所准备，就不会对你造成多大影响。股市大跌其实是一个买入股票的大好机会，那时惊恐万分的投资者们纷纷抛售股票，股价自然很低了，你就可以趁机挑选很多便宜的股票。2）通常，在几个月甚至几年内公司业绩与股票价格无关。但长期而言，两者之间100％相关。这个差别是赚钱的关键，要耐心并持有好股票。3）每个人都有头脑在股市赚钱。但是并不是每个人都有这样的胆魄。如果你很容易在股市恐慌的时候抛售股票，你应该远离股市和基金。4）当你投资短期的时候，你只能赚到90%，当你投资长期时，你可以赚十倍。5）股市波动的历史规律告诉我们，所有的大跌都会过去，股市永远会涨得更高。历史经验还表明，股市大跌其实是释放风险，创造投资的一次好机会，能以很低的价格买入那些很优秀的公司股票。6）情绪可能是一个真正的业绩杀手，市场下跌容易让你在恐慌中抛售，或者市场暴涨容易让你贪婪地抢购高估的股票。7）股灾发生的真实原因，无论从历史经验来看，还是从市盈率、股息收益率等统计指标来看，当时的市场都涨得太过头了。8）人们只记住了股灾的时候股市在两个月的时间里猛跌了1000点，其中一半还是在一天之内跌掉的，却忘记了股灾发生之前的9个月里，股市上涨了不止1000点。7、约翰·邓普顿如何度过至暗时刻7.1 逆向投资之路约翰·邓普顿与乔治·索罗斯、彼得·林奇、沃伦·巴菲特并列全球四大传奇投资人，被美国《福布斯》杂志称为“全球投资之父”。作为上个世纪最著名的逆向投资者，邓普顿的投资方法被总结为，“在大萧条的低点买入，在疯狂非理性的高点抛出，并在这两者间游刃有余”。他在全球范围内梳理、寻求已经触底但又具有优秀远景的国家以及行业，投资标的都是被大众忽略的企业。作为逆向价值投资者，邓普顿相信，完全被忽视的股票是最让人心动的便宜货——尤其是那些投资者们都尚未研究的股票。从零到一，从一到一百，他经常把低进高出发挥到极致，在“最大悲观点”时进行逆势投资。1937年，是大萧条最低迷的时候，邓普顿成立了自己的公司——Templeton，Dobbrow & Vance（TDV）。1939年，在大萧条与战争的双重恐怖气氛中，36岁的邓普顿依靠1万美元的借款购买了104家公司，各100股股票。几年后，整个投资组合的价值大幅回升，其中100家公司的成功为邓普顿赚得第一桶金。到1967年，他的管理规模已经超过4亿美元。邓普顿创立了全球最大最成功的邓普顿共同基金集团，而且，他的基金公司从不雇用销售人员，完全依靠投资表现来吸引顾客。1992年，他管理的资产已经高达220亿美元。全球范围内梳理、寻求已经触底但又具有优秀远景的国家以及行业。20世纪60年代到70年代，邓普顿是第一批到日本投资的美国基金经理之一。他以较低的价格买进日本股票，抢在其他投资者之前抓住了机会，在他买进后，日本股市一路蹿升。后来，他发觉日本的股市被高估了，在1988年就对股东们说，日本的股市将会缩水50%，甚至更多。与此同时他又发现了新的投资机会，重投美国。7.2  投资名言1）街头溅血是买入的最佳时机。2）牛市在悲观中诞生，在怀疑中成长，在乐观中成熟，在兴奋中死亡。3）即使周围的人都在抛售，你也不用跟随，因为卖出的最好时机是在股市崩溃之前，而并非之后。4）你应该检视自己的投资组合，卖出现有股票的惟一理由，是有更具吸引力的股票，如没有，便应该继续持有手上的股票。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081647965,"gmtCreate":1650242474557,"gmtModify":1676534676041,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081647965","repostId":"9089053500","repostType":1,"repost":{"id":9089053500,"gmtCreate":1649936713317,"gmtModify":1676534610528,"author":{"id":"4100909900193040","authorId":"4100909900193040","name":"Twelve_E","avatar":"https://community-static.tradeup.com/news/2fc13d808672bcbe487503280e3db596","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100909900193040","authorIdStr":"4100909900193040"},"themes":[],"title":"$41 bn all-cash Bid, 3 KeyPoints on Elon Musk's Ambitious to Twitter","htmlText":"It is a pity that Musk is not qualified to run for the US president, because he was born in South Africa. Joking Here. On April 14th, Elon Musk offers to buy 100% of&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/TWTR\">$Twitter(TWTR)$</a>&nbsp; for $54.20 per share in an all-cash deal. Elon Musk Letter to Chairman: \"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over","listText":"It is a pity that Musk is not qualified to run for the US president, because he was born in South Africa. Joking Here. On April 14th, Elon Musk offers to buy 100% of&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/TWTR\">$Twitter(TWTR)$</a>&nbsp; for $54.20 per share in an all-cash deal. Elon Musk Letter to Chairman: \"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over","text":"It is a pity that Musk is not qualified to run for the US president, because he was born in South Africa. Joking Here. On April 14th, Elon Musk offers to buy 100% of $Twitter(TWTR)$ for $54.20 per share in an all-cash deal. Elon Musk Letter to Chairman: \"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over","images":[{"img":"https://community-static.tradeup.com/news/b624b594ed9b17845d8f97c38489ac52","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/662063105c5ebc19ad66e96d120b2dad","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/b5396091f773bef1e52f490c7c83b437","width":"632","height":"331"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089053500","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1889,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005431588,"gmtCreate":1642379159368,"gmtModify":1676533705487,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005431588","repostId":"1105926115","repostType":4,"repost":{"id":"1105926115","kind":"news","weMediaInfo":{"introduction":"解密财经，透视真相。为您传递第一手新鲜财经深度报道。","home_visible":1,"media_name":"棱镜","id":"91","head_image":"https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8"},"pubTimestamp":1642304577,"share":"https://ttm.financial/m/news/1105926115?lang=en_US&edition=fundamental","pubTime":"2022-01-16 11:42","market":"us","language":"zh","title":"He XPeng: The whole story of \"Dreamer in the Sky\" building cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1105926115","media":"棱镜","summary":"跻身国内顶级企业家群，何小鹏还是没有学会迎合观众期待值去“讲故事”。2021年年底，何小鹏在接受腾讯新闻《财约你》专访时，大多数时间都沉浸在自己所畅想的出行世界中。在专访的最后，《财约你》向他提出了几","content":"<p><html><head></head><body>Being among the top entrepreneurs in China, He XPeng still hasn't learned to \"tell stories\" to cater to the audience's expectations.</p><p>At the end of 2021, He XPeng was accepting<a href=\"https://laohu8.com/S/00700\">Tencent</a>During the exclusive interview with the news \"Wealth About You\", I spent most of my time immersed in the travel world I imagined. At the end of the exclusive interview, \"Cai Yue You\" asked him several quick questions, and he got stuck in the quick answer, even though the questions were relatively relaxed and pleasant.</p><p>\"Join<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Four years, when was your happiest moment? \" \"Wealth appointment with you\" asked.</p><p>\"I can't remember,\" He XPeng replied.</p><p>\"Among the post-80s entrepreneurs, which one do you like best, Wang Xing, Zhang Yiming and Huang Zheng?\" \"Cai Yue You\" asked again.</p><p>\"It's hard to say.\" After thinking for a second, He XPeng still didn't give an answer.</p><p>This is his usual style. On the one hand, XPeng Motors launched a high-profile \"aircraft\" and laid out its products in the air, making the outside world feel that the head of this new car-making force is frivolous and flamboyant; On the other hand, in the four years of building cars, He XPeng has never got rid of the traces of the personality of a product manager. He is introverted and cautious, and those who are uncertain would rather avoid it than talk nonsense.</p><p>2021 is a year for XPeng vehicles to counterattack, with deliveries reaching 98,155 vehicles, surpassing<a href=\"https://laohu8.com/S/NIO\">Nio</a>And ideal, the \"Wei Xiaoli\" pattern of new car-making forces that have been stable for many years has become \"Xiao Weili\".</p><p>However, with the entry of Huawei and Xiaomi and the strong efforts of traditional car companies,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The automobile industry is on the rise again. Who can go more steadily and further in this battlefield? An important factor is the character and pattern of the founder.</p><p>\"Many of the genes of an enterprise come from the genes of the founder. If the founder saves, the enterprise will also save.\" He XPeng said, \"I am from a technical background, pursuing technological innovation and product differences, and I am pragmatic. I hope these can become a symbol, mind and culture, and go global.\"</p><p>Using his own name as a brand makes He XPeng deeply tied to XPeng Automobile, and both glory and humiliation. He XPeng told \"Cai You\" that this represents his attitude and responsibility.</p><p>In August and November 2021, \"Financial Ask You\" held two in-depth dialogues with He XPeng in Beijing and Guangzhou, trying to dig into his deep personality traits and business logic.</p><p><img src=\"https://static.tigerbbs.com/53642452f6c22de755e1e8657036e330\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/></p><p><b>Second-time adventurer</b></p><p>In his bones, XPeng He is a tossing and adventurous person, which is in sharp contrast to his shy appearance and low-key hairstyle.</p><p>He XPeng, who was born in an ordinary family in Huangshi, Hubei Province, had not been out of the province before the college entrance examination and had not eaten<a href=\"https://laohu8.com/S/MCD\">McDonald's</a>Not to mention taking a plane. At that time, he had a belief that it was better to travel thousands of miles than to read thousands of books. When filling in his volunteers in the college entrance examination, his only goal was to go to school outside the province, especially in developed cities like Beishangguang, to see the outside world. He was eventually admitted to South China University of Technology in Guangzhou.</p><p>Now, He XPeng has extended this concept to the education of children. As long as their lives and health are not seriously threatened, children can take risks and explore something.</p><p>When one of his sons was two years old, he was particularly naughty, full of curiosity about pressure cookers, and his little hands always wanted to touch them. Generally, parents will stop it immediately, but He XPeng has a different way to deal with it. He grabbed his son's hand and carefully let him touch it. As a result, his son was burned and cried, and he never dared to touch the pressure cooker again.</p><p>These personality traits were also highlighted in his entrepreneurial process.</p><p>In June 2014, UC browser founded by He XPeng was sold at a high price of US $4 billion<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The acquisition brought him huge wealth. US $4 billion was also the highest merger and acquisition price of China's Internet at that time.</p><p>Subsequently, He XPeng joined Ali and successively served as the president of Ali Mobile Business Group, the chairman of Ali Games, and the president of Tudou. Many people think that He XPeng will be a rich man with peace of mind, and there will be no such product manager in the entrepreneurial world. But in the year of \"cashing out\", He XPeng began to plan to re-start new energy vehicles, and invested in XPeng vehicles, which were also called \"Orange Travel Zhidong\" at that time.</p><p>\"When I first saw smart electric vehicles, I immediately thought of the jump from the Symbian era or JAVA era to the smart era.\" He XPeng said.</p><p>The UC browser founded by He XPeng spans the two eras of Symbian and Intelligence. This experience makes him naturally sensitive to the new changes in the traditional industry of automobiles. He felt that when this jump just happened, people in the industry were often reluctant to believe this change because they were vested interests.</p><p>It was also during the sleeping period of this kind of industry that he felt that he had a chance to tear a hole.</p><p>\"People from the Internet industry are particularly daring to think, which is a characteristic of our long-term work.\" He XPeng said.</p><p>In 2015, He XPeng went to an auto show. At that time, what left a deep impression on him was that 75 new cars were released in one day at that auto show, which made him deeply feel that the cruelty of competition in the automobile industry is far greater than that in the Internet industry.</p><p>\"Imagine, if the Internet industry releases 75 UC browsers a day, will there be pressure? The competition of automobiles is global competition, technological competition, brand and word-of-mouth competition.\" He XPeng said.</p><p>This makes He XPeng, who is born to love adventure, more determined to \"go into the water\".</p><p><b>\"Talk to people with your head up\"</b></p><p>At that time, the success of UC browser, why did XPeng accumulate a lot of contacts and wealth, and when he decided to devote himself to smart cars, how to divert these resources to new projects and convince the old guys that he could still bear hardships and start a business? He XPeng urgently needed to solve the problem. His answer is, first all in himself.</p><p>\"My friends say that if you dare to all in, then we can support you,\" He XPeng said. \"If I didn't go all out, work nine to five every day, and spend my money on financial management, how can others believe me?\"</p><p>After joining the entrepreneurship of smart cars, learning from traditional cars has become an important job for him. He often tells colleagues and friends about a mistake that ordinary people tend to make: using limited information and correct logic, drawing wrong conclusions. The reason for this is that the information obtained is incomplete, which he thinks is a very terrible thing.</p><p>\"In the old field, you may already be a doctoral student, but in the new field, you are still in kindergarten. Would you like to squat down and talk to others with your head tilted up?\" XPeng He said.</p><p>He XPeng has always looked up at the automobile industry. He believes that mobile phones are already a great combination of software and hardware, but a four-or five-meter-long car is a more complex combination of software and hardware with larger imagination space.</p><p>When he decided to devote himself wholeheartedly to XPeng Automobile, his early partner, Yu Yongfu, the current CEO of Alibaba Local Life, and chairman of AutoNavi Group, once gave him a suggestion, and it was the only suggestion-let him find someone who can check and balance himself. Because He XPeng has too many ideas, but not all of them are correct.</p><p>Nowadays, there are many people in XPeng Motors' top management who can check and balance him, and their management structure has also attracted much attention from the outside world. In an exclusive interview with \"Caiyue You\", He XPeng also talked about the checks and balances and cooperation of management for the first time.</p><p>At present, there are four people standing at the top of XPeng's automobile power: He XPeng, Xia Heng, Gu Hongdi, and He Tao. He XPeng is from the Internet industry, Xia Heng and He Tao are from the automotive technology field, and Gu Hongdi is from the financial field. All four of them are very young. He XPeng and Gu Hongdi are born in the 1970s, while Xia Heng and He Tao are born in the 1980s.</p><p>He XPeng bluntly said that in the first year and a half of their cooperation, there were many challenges. Facing the same thing, the four people had different strategies and solutions because they came from different fields.</p><p>For example, at that time, someone suggested setting up a forum within the company to allow employees to post and make suggestions at will. This is a common thing in Internet companies, and He XPeng thought it was enough to do it.</p><p>But this is a \"shouldn't\" thing in the automobile industry. Unlike Internet companies, car companies have a large number of partners and suppliers, and there are many types of jobs. The sharp questions raised by the employees on the forum not only fail to promote the solution of the problem, but sometimes lead to misunderstanding because the information sources are too diverse, which makes the solution of the problem stagnate.</p><p>As a result, the four had a heated argument over the matter. Since then, they have adjusted the forum to solve some important and intense issues through other channels, instead of letting ten or twenty thousand people have invalid discussions in the forum.</p><p>\"Many times, the founders of enterprises are too familiar with an industry, or the perspective is too unified. Right is the same right, and wrong may be the same wrong.\" He XPeng said. \"Balance can make enterprises reach an organic and compromising point.\"</p><p><b>Say no to \"involution\"</b></p><p>2020 is the peak period of He XPeng's second venture. In August of this year, XPeng Motor landed on the New York Stock Exchange, with a market value of US $14.9 billion that day. This is a highlight moment that he couldn't match when he founded UC Browser.</p><p>Today, the stock price of XPeng Motor has tripled, and He XPeng's net worth has risen. According to real-time data from Forbes, he is now worth US $8 billion, surpassing Nio Motor Li Bin's US $4.8 billion, becoming the richest man of the new Chinese car-making force.</p><p><img src=\"https://static.tigerbbs.com/7d75beebe9dfbb968a731155d3840ae8\" tg-width=\"877\" tg-height=\"1904\" referrerpolicy=\"no-referrer\"/></p><p>However, after its listing, the pace of XPeng Motors has not slowed down. The release of P7 and P5 allowed them to own family cars and coupes in the price range of 200,000-400,000, while the appearance of G9 at last year's guangzhou auto show completed the gap of medium and large SUV models. They have also taken an important step in internationalization, taking Norway as the bridgehead and opening up the European market; Aerial vehicles were also developed to prepare for the \"air battle\" a few years later.</p><p>\"For us, listing can get more support from the capital market, which allows us to do some medium and long-term thinking.\" He XPeng said.</p><p>He XPeng is a long-termist. When he explained the name \"XPeng\" to \"Cai Yue You\", he said that \"small\" represents an initial intention and always young. When it comes to enterprise management, he will always remind himself to move forward, without big enterprise diseases and being unable to satisfy the status quo; \"Peng\" is a big bird, which can be turned into \"Kun\" and fly very high and far.</p><p>All along, the outside world has been quite criticizing the name \"XPeng\". Some people think that the name is rather earthy, while others think that it is too arrogant to name vehicles with their own names. After all, world-renowned car companies such as Honda and Mercedes-Benz will use the founder's name. He XPeng laughed to \"Wealth About You\": \"You will feel dirty when you read the first 100 times, but you won't read it for the 101st time.\"</p><p>He XPeng also has an expectation that in another 10 or 20 years, brands named after Chinese names will go global.</p><p>He XPeng has always been full of respect for Toyota, because they have trained a large number of engineers who can work in Toyota all their lives. This is particularly precious among today's Chinese start-ups. In an exclusive interview with \"Caiyue You\", He XPeng also bluntly stated that he hopes to create a lifelong service environment and mechanism for employees. For this reason, they have formulated a set of option incentive policies, hoping that employees will look further.</p><p>\"In the past 20 or 30 years, Chinese cars have grown a lot, but to be honest, Autobots are very hard. Before the new car-making forces came in, the treatment of Autobots was relatively low.\" He XPeng said.</p><p>At the same time, He XPeng also expects the company to continue to toss and innovate, such as letting employees change to different positions and engage in different jobs, which will give employees more opportunities so that they can work in the company for a long time.</p><p>He XPeng doesn't like the word \"involution\". Previously, the age of 35 was an insurmountable hurdle for many employees of Internet companies, and the news of dismissing employees over the age of 35 frequently caused heated discussions.</p><p>He XPeng said that he welcomed middle and senior talents over 35 years old to XPeng Motors. At present, XPeng also has employees over 60 years old. He believes that the automobile industry needs experienced and technically capable people, and these people are often older.</p><p>\"I don't pay much attention to whether the body is young, we pay attention to whether the mind is young,\" said XPeng He</p><p>Today's XPeng Automobile has gone through seven years. Compared with those well-known century-old car companies, it is still just a boy. However, their employees have exceeded 10,000, and in the next three years, XPeng plans to expand its employee scale to 50,000.</p><p>A question that He XPeng often thinks about is, if he is asked to be a screw, can the company be stronger? He believes that when an enterprise is small, it attaches importance to people. When an enterprise becomes big, it should attach importance to organization and system. Everyone, including him, is a part of the organizational system.</p><p><b>Product Manager Building Car Road</b></p><p>In 2021, the entry of Xiaomi and Huawei will make the smart car track full of unknowns.</p><p>Before Lei Jun decided to make a car, he made a long phone call to He XPeng, and exchanged views on the method of cutting in, capital situation, industry changes, etc.</p><p>He XPeng recognized Lei Jun's thinking and encouraged Lei Jun to build cars together. He believes that for many companies, the window for car manufacturing has been closed, but for companies like Huawei and Xiaomi, the window is still open, mainly because the accumulation of these companies over the years can be quickly converted into value.</p><p>For example, the technological accumulation of these companies can allow them to skip the pure electric vehicle link and directly enter the competition of smart cars. Before producing smart cars, XPeng had explored pure electric vehicles for a long time and gone through detours.</p><p>In He XPeng's consciousness, elitism is a concept that cannot be bypassed. In addition to his high admiration for elite companies such as Xiaomi and Huawei, the concept of product design is also full of elitism.</p><p>Years of product manager career have made him firmly believe that an ultimate product is unlikely to be completed by too many people, because different people will have different demands. If these different demands are finally balanced, then the product will be difficult to achieve the ultimate. The height of a product depends more on the talent height of the product manager.</p><p>He also believes that excellent product ideas come from views on the future, but many product managers will fall into the dilemma of blind people touching elephants and design based on existing consciousness. He believes that excellent product managers should have the ability to think by leaps and bounds.</p><p>In September 2020, the flying car released by XPeng Motors at the Beijing Auto Show was very \"leapfrog\", which once caused ridicule from the outside world-before the competition on the ground was over, they were thinking about \"air combat\".</p><p>At the press conference on November 18, 2021, He XPeng once again publicly announced that he has recruited many talents in the flight industry, clarified the overall framework of mass-produced flying cars in 2024, and hoped to build a flying car in a few years. A great flying car.</p><p>As a matter of fact, He XPeng, who loves to \"fly\", is still on the \"ground\" more often. During the two entrepreneurial processes, he needs to solve various problems.</p><p>Nowadays, \"chip shortage\" is a major problem facing the automobile industry. On November 18, after accepting an exclusive interview with \"Caiyue You\", He XPeng went to a conference about chips.</p><p>In 2021, the delivery volume of XPeng vehicles will surpass that of Nio, and it will monopolize the delivery rankings of new car-making forces. This is partly due to their management of the supply chain, which is less affected by the \"chip shortage\" impact. Nio Motors, on the other hand, was once suspended due to chip problems.</p><p>\"We have discussed it internally many times. In the short term, the problem of chip shortage will be difficult to solve. We expect this problem to be solved in three or four quarters.\" He XPeng said.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>He XPeng: The whole story of \"Dreamer in the Sky\" building cars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHe XPeng: The whole story of \"Dreamer in the Sky\" building cars\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/91\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">棱镜 </p>\n<p class=\"h-time smaller\">2022-01-16 11:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Being among the top entrepreneurs in China, He XPeng still hasn't learned to \"tell stories\" to cater to the audience's expectations.</p><p>At the end of 2021, He XPeng was accepting<a href=\"https://laohu8.com/S/00700\">Tencent</a>During the exclusive interview with the news \"Wealth About You\", I spent most of my time immersed in the travel world I imagined. At the end of the exclusive interview, \"Cai Yue You\" asked him several quick questions, and he got stuck in the quick answer, even though the questions were relatively relaxed and pleasant.</p><p>\"Join<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Four years, when was your happiest moment? \" \"Wealth appointment with you\" asked.</p><p>\"I can't remember,\" He XPeng replied.</p><p>\"Among the post-80s entrepreneurs, which one do you like best, Wang Xing, Zhang Yiming and Huang Zheng?\" \"Cai Yue You\" asked again.</p><p>\"It's hard to say.\" After thinking for a second, He XPeng still didn't give an answer.</p><p>This is his usual style. On the one hand, XPeng Motors launched a high-profile \"aircraft\" and laid out its products in the air, making the outside world feel that the head of this new car-making force is frivolous and flamboyant; On the other hand, in the four years of building cars, He XPeng has never got rid of the traces of the personality of a product manager. He is introverted and cautious, and those who are uncertain would rather avoid it than talk nonsense.</p><p>2021 is a year for XPeng vehicles to counterattack, with deliveries reaching 98,155 vehicles, surpassing<a href=\"https://laohu8.com/S/NIO\">Nio</a>And ideal, the \"Wei Xiaoli\" pattern of new car-making forces that have been stable for many years has become \"Xiao Weili\".</p><p>However, with the entry of Huawei and Xiaomi and the strong efforts of traditional car companies,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The automobile industry is on the rise again. Who can go more steadily and further in this battlefield? An important factor is the character and pattern of the founder.</p><p>\"Many of the genes of an enterprise come from the genes of the founder. If the founder saves, the enterprise will also save.\" He XPeng said, \"I am from a technical background, pursuing technological innovation and product differences, and I am pragmatic. I hope these can become a symbol, mind and culture, and go global.\"</p><p>Using his own name as a brand makes He XPeng deeply tied to XPeng Automobile, and both glory and humiliation. He XPeng told \"Cai You\" that this represents his attitude and responsibility.</p><p>In August and November 2021, \"Financial Ask You\" held two in-depth dialogues with He XPeng in Beijing and Guangzhou, trying to dig into his deep personality traits and business logic.</p><p><img src=\"https://static.tigerbbs.com/53642452f6c22de755e1e8657036e330\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/></p><p><b>Second-time adventurer</b></p><p>In his bones, XPeng He is a tossing and adventurous person, which is in sharp contrast to his shy appearance and low-key hairstyle.</p><p>He XPeng, who was born in an ordinary family in Huangshi, Hubei Province, had not been out of the province before the college entrance examination and had not eaten<a href=\"https://laohu8.com/S/MCD\">McDonald's</a>Not to mention taking a plane. At that time, he had a belief that it was better to travel thousands of miles than to read thousands of books. When filling in his volunteers in the college entrance examination, his only goal was to go to school outside the province, especially in developed cities like Beishangguang, to see the outside world. He was eventually admitted to South China University of Technology in Guangzhou.</p><p>Now, He XPeng has extended this concept to the education of children. As long as their lives and health are not seriously threatened, children can take risks and explore something.</p><p>When one of his sons was two years old, he was particularly naughty, full of curiosity about pressure cookers, and his little hands always wanted to touch them. Generally, parents will stop it immediately, but He XPeng has a different way to deal with it. He grabbed his son's hand and carefully let him touch it. As a result, his son was burned and cried, and he never dared to touch the pressure cooker again.</p><p>These personality traits were also highlighted in his entrepreneurial process.</p><p>In June 2014, UC browser founded by He XPeng was sold at a high price of US $4 billion<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The acquisition brought him huge wealth. US $4 billion was also the highest merger and acquisition price of China's Internet at that time.</p><p>Subsequently, He XPeng joined Ali and successively served as the president of Ali Mobile Business Group, the chairman of Ali Games, and the president of Tudou. Many people think that He XPeng will be a rich man with peace of mind, and there will be no such product manager in the entrepreneurial world. But in the year of \"cashing out\", He XPeng began to plan to re-start new energy vehicles, and invested in XPeng vehicles, which were also called \"Orange Travel Zhidong\" at that time.</p><p>\"When I first saw smart electric vehicles, I immediately thought of the jump from the Symbian era or JAVA era to the smart era.\" He XPeng said.</p><p>The UC browser founded by He XPeng spans the two eras of Symbian and Intelligence. This experience makes him naturally sensitive to the new changes in the traditional industry of automobiles. He felt that when this jump just happened, people in the industry were often reluctant to believe this change because they were vested interests.</p><p>It was also during the sleeping period of this kind of industry that he felt that he had a chance to tear a hole.</p><p>\"People from the Internet industry are particularly daring to think, which is a characteristic of our long-term work.\" He XPeng said.</p><p>In 2015, He XPeng went to an auto show. At that time, what left a deep impression on him was that 75 new cars were released in one day at that auto show, which made him deeply feel that the cruelty of competition in the automobile industry is far greater than that in the Internet industry.</p><p>\"Imagine, if the Internet industry releases 75 UC browsers a day, will there be pressure? The competition of automobiles is global competition, technological competition, brand and word-of-mouth competition.\" He XPeng said.</p><p>This makes He XPeng, who is born to love adventure, more determined to \"go into the water\".</p><p><b>\"Talk to people with your head up\"</b></p><p>At that time, the success of UC browser, why did XPeng accumulate a lot of contacts and wealth, and when he decided to devote himself to smart cars, how to divert these resources to new projects and convince the old guys that he could still bear hardships and start a business? He XPeng urgently needed to solve the problem. His answer is, first all in himself.</p><p>\"My friends say that if you dare to all in, then we can support you,\" He XPeng said. \"If I didn't go all out, work nine to five every day, and spend my money on financial management, how can others believe me?\"</p><p>After joining the entrepreneurship of smart cars, learning from traditional cars has become an important job for him. He often tells colleagues and friends about a mistake that ordinary people tend to make: using limited information and correct logic, drawing wrong conclusions. The reason for this is that the information obtained is incomplete, which he thinks is a very terrible thing.</p><p>\"In the old field, you may already be a doctoral student, but in the new field, you are still in kindergarten. Would you like to squat down and talk to others with your head tilted up?\" XPeng He said.</p><p>He XPeng has always looked up at the automobile industry. He believes that mobile phones are already a great combination of software and hardware, but a four-or five-meter-long car is a more complex combination of software and hardware with larger imagination space.</p><p>When he decided to devote himself wholeheartedly to XPeng Automobile, his early partner, Yu Yongfu, the current CEO of Alibaba Local Life, and chairman of AutoNavi Group, once gave him a suggestion, and it was the only suggestion-let him find someone who can check and balance himself. Because He XPeng has too many ideas, but not all of them are correct.</p><p>Nowadays, there are many people in XPeng Motors' top management who can check and balance him, and their management structure has also attracted much attention from the outside world. In an exclusive interview with \"Caiyue You\", He XPeng also talked about the checks and balances and cooperation of management for the first time.</p><p>At present, there are four people standing at the top of XPeng's automobile power: He XPeng, Xia Heng, Gu Hongdi, and He Tao. He XPeng is from the Internet industry, Xia Heng and He Tao are from the automotive technology field, and Gu Hongdi is from the financial field. All four of them are very young. He XPeng and Gu Hongdi are born in the 1970s, while Xia Heng and He Tao are born in the 1980s.</p><p>He XPeng bluntly said that in the first year and a half of their cooperation, there were many challenges. Facing the same thing, the four people had different strategies and solutions because they came from different fields.</p><p>For example, at that time, someone suggested setting up a forum within the company to allow employees to post and make suggestions at will. This is a common thing in Internet companies, and He XPeng thought it was enough to do it.</p><p>But this is a \"shouldn't\" thing in the automobile industry. Unlike Internet companies, car companies have a large number of partners and suppliers, and there are many types of jobs. The sharp questions raised by the employees on the forum not only fail to promote the solution of the problem, but sometimes lead to misunderstanding because the information sources are too diverse, which makes the solution of the problem stagnate.</p><p>As a result, the four had a heated argument over the matter. Since then, they have adjusted the forum to solve some important and intense issues through other channels, instead of letting ten or twenty thousand people have invalid discussions in the forum.</p><p>\"Many times, the founders of enterprises are too familiar with an industry, or the perspective is too unified. Right is the same right, and wrong may be the same wrong.\" He XPeng said. \"Balance can make enterprises reach an organic and compromising point.\"</p><p><b>Say no to \"involution\"</b></p><p>2020 is the peak period of He XPeng's second venture. In August of this year, XPeng Motor landed on the New York Stock Exchange, with a market value of US $14.9 billion that day. This is a highlight moment that he couldn't match when he founded UC Browser.</p><p>Today, the stock price of XPeng Motor has tripled, and He XPeng's net worth has risen. According to real-time data from Forbes, he is now worth US $8 billion, surpassing Nio Motor Li Bin's US $4.8 billion, becoming the richest man of the new Chinese car-making force.</p><p><img src=\"https://static.tigerbbs.com/7d75beebe9dfbb968a731155d3840ae8\" tg-width=\"877\" tg-height=\"1904\" referrerpolicy=\"no-referrer\"/></p><p>However, after its listing, the pace of XPeng Motors has not slowed down. The release of P7 and P5 allowed them to own family cars and coupes in the price range of 200,000-400,000, while the appearance of G9 at last year's guangzhou auto show completed the gap of medium and large SUV models. They have also taken an important step in internationalization, taking Norway as the bridgehead and opening up the European market; Aerial vehicles were also developed to prepare for the \"air battle\" a few years later.</p><p>\"For us, listing can get more support from the capital market, which allows us to do some medium and long-term thinking.\" He XPeng said.</p><p>He XPeng is a long-termist. When he explained the name \"XPeng\" to \"Cai Yue You\", he said that \"small\" represents an initial intention and always young. When it comes to enterprise management, he will always remind himself to move forward, without big enterprise diseases and being unable to satisfy the status quo; \"Peng\" is a big bird, which can be turned into \"Kun\" and fly very high and far.</p><p>All along, the outside world has been quite criticizing the name \"XPeng\". Some people think that the name is rather earthy, while others think that it is too arrogant to name vehicles with their own names. After all, world-renowned car companies such as Honda and Mercedes-Benz will use the founder's name. He XPeng laughed to \"Wealth About You\": \"You will feel dirty when you read the first 100 times, but you won't read it for the 101st time.\"</p><p>He XPeng also has an expectation that in another 10 or 20 years, brands named after Chinese names will go global.</p><p>He XPeng has always been full of respect for Toyota, because they have trained a large number of engineers who can work in Toyota all their lives. This is particularly precious among today's Chinese start-ups. In an exclusive interview with \"Caiyue You\", He XPeng also bluntly stated that he hopes to create a lifelong service environment and mechanism for employees. For this reason, they have formulated a set of option incentive policies, hoping that employees will look further.</p><p>\"In the past 20 or 30 years, Chinese cars have grown a lot, but to be honest, Autobots are very hard. Before the new car-making forces came in, the treatment of Autobots was relatively low.\" He XPeng said.</p><p>At the same time, He XPeng also expects the company to continue to toss and innovate, such as letting employees change to different positions and engage in different jobs, which will give employees more opportunities so that they can work in the company for a long time.</p><p>He XPeng doesn't like the word \"involution\". Previously, the age of 35 was an insurmountable hurdle for many employees of Internet companies, and the news of dismissing employees over the age of 35 frequently caused heated discussions.</p><p>He XPeng said that he welcomed middle and senior talents over 35 years old to XPeng Motors. At present, XPeng also has employees over 60 years old. He believes that the automobile industry needs experienced and technically capable people, and these people are often older.</p><p>\"I don't pay much attention to whether the body is young, we pay attention to whether the mind is young,\" said XPeng He</p><p>Today's XPeng Automobile has gone through seven years. Compared with those well-known century-old car companies, it is still just a boy. However, their employees have exceeded 10,000, and in the next three years, XPeng plans to expand its employee scale to 50,000.</p><p>A question that He XPeng often thinks about is, if he is asked to be a screw, can the company be stronger? He believes that when an enterprise is small, it attaches importance to people. When an enterprise becomes big, it should attach importance to organization and system. Everyone, including him, is a part of the organizational system.</p><p><b>Product Manager Building Car Road</b></p><p>In 2021, the entry of Xiaomi and Huawei will make the smart car track full of unknowns.</p><p>Before Lei Jun decided to make a car, he made a long phone call to He XPeng, and exchanged views on the method of cutting in, capital situation, industry changes, etc.</p><p>He XPeng recognized Lei Jun's thinking and encouraged Lei Jun to build cars together. He believes that for many companies, the window for car manufacturing has been closed, but for companies like Huawei and Xiaomi, the window is still open, mainly because the accumulation of these companies over the years can be quickly converted into value.</p><p>For example, the technological accumulation of these companies can allow them to skip the pure electric vehicle link and directly enter the competition of smart cars. Before producing smart cars, XPeng had explored pure electric vehicles for a long time and gone through detours.</p><p>In He XPeng's consciousness, elitism is a concept that cannot be bypassed. In addition to his high admiration for elite companies such as Xiaomi and Huawei, the concept of product design is also full of elitism.</p><p>Years of product manager career have made him firmly believe that an ultimate product is unlikely to be completed by too many people, because different people will have different demands. If these different demands are finally balanced, then the product will be difficult to achieve the ultimate. The height of a product depends more on the talent height of the product manager.</p><p>He also believes that excellent product ideas come from views on the future, but many product managers will fall into the dilemma of blind people touching elephants and design based on existing consciousness. He believes that excellent product managers should have the ability to think by leaps and bounds.</p><p>In September 2020, the flying car released by XPeng Motors at the Beijing Auto Show was very \"leapfrog\", which once caused ridicule from the outside world-before the competition on the ground was over, they were thinking about \"air combat\".</p><p>At the press conference on November 18, 2021, He XPeng once again publicly announced that he has recruited many talents in the flight industry, clarified the overall framework of mass-produced flying cars in 2024, and hoped to build a flying car in a few years. A great flying car.</p><p>As a matter of fact, He XPeng, who loves to \"fly\", is still on the \"ground\" more often. During the two entrepreneurial processes, he needs to solve various problems.</p><p>Nowadays, \"chip shortage\" is a major problem facing the automobile industry. On November 18, after accepting an exclusive interview with \"Caiyue You\", He XPeng went to a conference about chips.</p><p>In 2021, the delivery volume of XPeng vehicles will surpass that of Nio, and it will monopolize the delivery rankings of new car-making forces. This is partly due to their management of the supply chain, which is less affected by the \"chip shortage\" impact. Nio Motors, on the other hand, was once suspended due to chip problems.</p><p>\"We have discussed it internally many times. In the short term, the problem of chip shortage will be difficult to solve. We expect this problem to be solved in three or four quarters.\" He XPeng said.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3e9d0f16131bea4ece2670f7550b214b","relate_stocks":{"XPEV":"小鹏汽车","BK1539":"汽车股","BK1575":"同股不同权","09868":"小鹏汽车-W","BK4551":"寇图资本持仓","BK4099":"汽车制造商","BK4526":"热门中概股","BK1588":"回港中概股","BK1119":"汽车制造商","BK1587":"次新股","BK4505":"高瓴资本持仓","BK4555":"新能源车"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105926115","content_text":"跻身国内顶级企业家群，何小鹏还是没有学会迎合观众期待值去“讲故事”。2021年年底，何小鹏在接受腾讯新闻《财约你》专访时，大多数时间都沉浸在自己所畅想的出行世界中。在专访的最后，《财约你》向他提出了几个快问题，他在速答时出现了卡壳，即便问题都比较轻松愉快。“加入小鹏汽车四年，你最快乐的时刻是什么时候？”《财约你》问。“想不起来了。”何小鹏答。“80后创业者中，王兴、张一鸣、黄铮你最喜欢哪一个？”《财约你》再问。“不好说。”想了一秒钟，何小鹏依然没有给出答案。这是他一贯的风格。一方面，小鹏汽车高调推出“飞行器”，将产品布局在空中，让外界觉得这家造车新势力的掌门人轻狂、张扬；另一方面，造车4年，何小鹏始终没有摆脱产品经理的性格痕迹，内敛、谨慎，拿不准的宁可回避也不乱说。2021年是小鹏汽车逆袭的一年，交付量达到98155辆，超越了蔚来和理想，造车新势力稳固多年的“蔚小理”格局变成了“小蔚理”。不过，随着华为、小米的入局，传统车企的强势发力，智能汽车这个行业硝烟再起，谁能在这个战场里走得更稳、更远，一个重要的因素就是创始人的性格和格局。“一个企业的基因，很多是来自创始人身上的基因，如果创始人节约，那企业也会节约。”何小鹏说，“我是技术出身，追求技术上的创新、产品上的差异，也比较务实，我希望这些能够成为一种符号、心智和文化，走向全球。”用自己的名字做品牌让何小鹏与小鹏汽车深度捆绑，一荣俱荣，一辱俱辱。何小鹏向《财约你》表示，这代表了他的态度和责任。2021年的8月和11月，《财约你》在北京、广州两次深度对话何小鹏，试图挖掘他内心深处的性格特征和商业逻辑。二次创业的冒险家骨子里，何小鹏就是一个爱折腾、爱冒险的人，这与他腼腆的长相、低调的发型形成鲜明对比。出生于湖北黄石一个普通家庭的何小鹏，高考前没有出过省，没有吃过麦当劳，更没有坐过飞机。当时，他有一个信念，读万卷书不如行万里路，在高考填报志愿时，唯一的目标就是去省外上学，尤其是北上广这样的发达城市，去看看外面的世界。最终他被位于广州的华南理工大学录取。如今，何小鹏把这种理念延伸到对孩子的教育上，只要生命健康不被严重威胁，孩子们就可以去冒险探索一些事情。他的一个儿子在两岁时，特别调皮，对高压锅充满了好奇心，小手总是想去摸一下。一般的家长会马上制止，但何小鹏却有不同的处理方法。他抓着儿子的手，小心翼翼地让儿子摸了一下，结果儿子被烫哭了，再也不敢去摸高压锅了。这些性格特征在他的创业过程中也被彰显无遗。2014年6月，何小鹏创办的UC浏览器以40亿美元的高价被阿里巴巴收购，为他带来了巨额财富。40亿美元也是当时中国互联网最高的并购价。随后，何小鹏加入阿里，先后担任阿里移动事业群总裁、阿里游戏董事长、土豆总裁，很多人都认为何小鹏将会安心地做一个富豪，创业江湖中将不会再有这个产品经理的身影。但就在“套现”当年，何小鹏开始谋划新能源汽车的再创业，并投资了当时还叫“橙行智动”的小鹏汽车。“当我第一次看到智能电动车的时候，我马上想到的是从塞班时代或JAVA时代向智能时代的跳跃。”何小鹏说。何小鹏创办的UC浏览器正是跨越了塞班和智能两个时代，这经历让他对汽车这种个传统行业的新变化有着天然的敏感。他觉得，在这种跳跃刚刚发生时，行业里的人由于是既得利益者，往往不愿意相信这种变化。也正是在这种行业的沉睡期，让他觉得自己有机会可以撕开一个口子。“互联网行业出来的人，都特别敢想，这是我们长期工作形成的一个特点。”何小鹏说。2015年，何小鹏曾经去参加了一次车展。当时，给他留下深刻印象的是，那次车展一天发布了75款新车，这让他深感汽车行业竞争的残酷要远远大于互联网行业。“试想，如果互联网行业一天发布75个UC浏览器，会不会有压力？汽车的竞争是全球的竞争、科技的竞争、品牌和口碑的竞争。”何小鹏说。这让天生爱冒险的何小鹏更有“下水”一试的决心。“仰着头跟人说话”彼时，UC浏览器的成功为何小鹏积攒了大量的人脉和财富，决定投身智能汽车时，如何将这些资源引流到新项目上，让老伙计们相信他依然能够吃苦创业，是何小鹏急需解决的问题。他的答案是，首先自己all in。“朋友们说，既然你敢all in，那我们就可以支持你。”何小鹏说，“如果我没有全力以赴，每天朝九晚五，把自己的钱拿去理财，那别人怎么会相信我。”在投身智能汽车的创业之后，向传统汽车学习，成为了他的一个重要工作。他经常向同事、朋友讲述一个普通人容易犯的错误：用有限的信息，在正确的逻辑下，得出错误的结论。之所以这样，就是因为获得的信息不全面，他认为这是一件非常可怕的事情。“在原来的领域，你可能已经是博士生了，但是在新领域，你还是在上幼儿园，那你愿不愿意蹲下来，仰着头跟别人说话呢？”何小鹏说。何小鹏一直仰视着汽车这个行业，他认为，手机已经是一个了不起的软硬件结合体，但四五米长的汽车，是一个想象空间更大、更复杂的软硬件结合体。而在决定全身心投入到小鹏汽车时，他早期的合伙人、现任阿里本地生活CEO、高德集团董事长俞永福曾给了他一个建议，并且是唯一的建议——让他找一个可以制衡自己的人。因为何小鹏的想法太多，但不一定都正确。如今，小鹏汽车高层内部就有不少可以制衡他的人，他们的管理架构也备受外界关注。在接受《财约你》专访时，何小鹏也首次讲述了管理层的制衡和合作。目前，站在小鹏汽车权力顶层的有四个人：何小鹏、夏珩、顾宏地、何涛。何小鹏来自互联网行业，夏珩、何涛来自汽车技术领域，顾宏地则来自金融领域。四个人都很年轻，何小鹏、顾宏地是70后，夏珩、何涛则是80后。何小鹏直言，在他们合作的前一年半中，挑战很多，面对同一件事情，由于来自不同的领域，四人的策略、解决方案也不同。比如当时，有人建议在公司内部设立一个论坛，允许员工随意发帖，提建议，这在互联网公司里是一件常见的事情，何小鹏就觉得这件事做就行了。但这在汽车行业里是一件“不应该”的事情。与互联网公司不同，车企有大量的合作伙伴、供应商，岗位的类型也很多。论坛上的员工们提出的尖锐问题，不但不能促进问题的解决，有时还会因为信息来源过于多元造成误解，从而使得问题解决方案停滞不前。于是，四人在这件事上进行了激烈的争吵。此后，他们对论坛进行了调整，对于一些重要的、激烈的问题通过其他渠道进行解决，而不是在论坛里让一两万人进行无效讨论。“很多时候，企业创始人对一个行业太熟悉了，或者角度太统一，对是一样的对，错也可能是一样的错。”何小鹏说，“平衡能使企业达到一个有机、妥协的点。”对“内卷”说不2020年是何小鹏二次创业的高峰期。这一年的8月，小鹏汽车登陆纽交所，当天市值就高达149亿美金。这是他在创办UC浏览器时都比不上的高光时刻。如今，小鹏汽车的股价涨了三倍，何小鹏身家水涨船高。根据福布斯实时数据，他如今的身价达到80亿美元，超过了蔚来汽车李斌48亿美元，成为了中国造车新势力的首富。不过，上市之后，小鹏汽车的脚步没有放慢，P7、P5的发布让他们在20万-40万的价格区间拥有了家用轿车、轿跑，而G9在去年广州车展的亮相则补全了中大型SUV车型的空白。他们在国际化上也迈出了重要一步，以挪威为桥头堡，开拓了欧洲市场；还研制了空中飞行器，为几年后的“空战”做准备。“上市对于我们来说，可以获得资本市场更多的支持，这让我们能够做一些中长线的思考。”何小鹏说。何小鹏是一个长期主义者，他在向《财约你》解释“小鹏”这个名字的时候说，“小”代表一种初心，代表永远年轻，放在企业管理上，就会时刻提醒自己要向前，不能有大企业病，不能满足现状；“鹏”则是一种大鸟，可以化成“鲲”，飞得很高、很远。而一直以来，外界都对“小鹏”这个名字颇有非议，有觉得名字比较土的，也有认为用自己的名字来命名车辆太狂妄的，毕竟本田、奔驰这些世界知名车企才会用创始人名字。何小鹏则向《财约你》笑谈：“你读前100遍的时候会有土的感觉，但是第101遍就不会。”何小鹏也有个期待，就是再过10年、20年，用中国名字命名的品牌会走向世界。何小鹏一直都对丰田这家企业充满敬意，因为他们培养了大量的、可以一生都在丰田工作的工程师。这在今天的中国创业企业当中显得尤为珍贵。在接受《财约你》专访时，何小鹏也直言，希望能够为员工创造一个终生服务的环境和机制，为此他们制定了一套期权激励政策，就是希望员工们将目光放得更远。“过去二三十年，中国的汽车成长了很多，但说实话，汽车人是挺辛苦的，在造车新势力没有进来之前，汽车人的待遇也比较低。”何小鹏说。同时，何小鹏也期待公司能够继续折腾、创新，比如让员工换到不同的岗位，从事不同的工作，这会让员工获得更多的机会，从而能够在公司长时间干下去。何小鹏不喜欢“内卷”这个词。在此前，35岁曾是很多互联网公司员工难以逾越的坎，辞退35岁以上员工的新闻也频频引发热议。何小鹏则表示，他欢迎35岁以上的中高级段位的人才来到小鹏汽车，目前小鹏也有60岁以上的员工。他认为，汽车这个行业需要那些有经验的、技术实力强的人，而这些人的年龄往往都比较大。“我不太关注身体是否年轻，我们关注的是心态是否年轻。”何小鹏说如今的小鹏汽车已经走过了7个年头，与那些知名的百年车企相比，还只是个毛头小子。不过，他们的员工已经超过了万人，未来三年，小鹏还计划将员工规模扩大到5万人。何小鹏经常思考的一个问题是，如果让他做一个螺丝钉，公司是否还能做得更强？他认为，当企业很小的时候，重视的是人，当企业做大的时候，就要重视组织和体系，包括他在内，每个人都是组织体系的一部分。产品经理造车路2021年，小米、华为的入局，让智能汽车的赛道充满未知数。雷军在决定做汽车之前，曾经给何小鹏打过一个很长时间的电话，交流了切入的方法、资本的情况、行业的变革等。何小鹏对雷军的思考很认可，并鼓励雷军一起造车。他认为，对于很多企业来说，造车的窗口已经关闭，但对于华为、小米这样的企业来说，窗口仍然敞开着，主要是因为这些企业多年的积累可以迅速转换成价值。比如，这些企业在技术上的积累，可以让他们跳过纯电动车这个环节，直接进入到智能汽车的竞争中。而小鹏汽车在生产智能汽车之前，曾探索了很久纯电动车，走过了弯路。在何小鹏的意识中，精英主义是一个绕不过去的概念。他除了对小米、华为这样的精英企业倍加推崇之外，在产品设计的理念上也充满了精英主义的影子。多年的产品经理生涯，让他坚信，一个极致的产品不太可能由太多的人共同参与完成，因为不同的人会有不同的诉求，如果最后平衡了这些不同的诉求，那么产品就很难达到极致。一个产品的高度更依赖产品经理的天赋高度。他还认为，优秀的产品理念来自于对未来的看法，但是很多产品经理会陷入到盲人摸象的困境之中，基于已有的意识去设计。他认为，优秀的产品经理应该有跳跃性的思考能力。2020年9月，小鹏汽车在北京车展发布的飞行汽车器就很有“跳跃性”，这一度引起了外界对他们的嘲讽——地面上的竞争还没打完，就想着“空战”了。在2021年11月18日的发布会上，何小鹏再次公开对外宣布，已经招募了很多飞行行业的人才，明确将在2024年量产飞行汽车的整体框架，并希望用几年的时间打造一款很棒的飞行汽车。事实上，爱“飞翔”的何小鹏更多时候还是在“地上”，两次创业过程中，他需要解决各种各样的难题。时下，“芯片荒”是汽车行业面临的一大难题。11月18日，在接受《财约你》专访完之后，何小鹏就去参加了一个有关芯片的会议。在2021年，小鹏汽车的交付量超过了蔚来，独占造车新势力的交付排行榜榜首，这在一定程度上正是得益于他们对供应链的管理，较少受到“芯片荒”的影响。而蔚来汽车，则一度因为芯片问题，陷入停产状态。“我们内部讨论过很多次，短期内，芯片荒的问题很难解决，我们期待三四个季度后，这个问题能够得到解决吧。”何小鹏说。","news_type":1,"symbols_score_info":{"09868":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":2252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006160112,"gmtCreate":1641645042267,"gmtModify":1676533636860,"author":{"id":"4098191840350010","authorId":"4098191840350010","name":"yapkokpeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"htmlText":"😥","listText":"😥","text":"😥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006160112","repostId":"2201921034","repostType":4,"repost":{"id":"2201921034","kind":"highlight","pubTimestamp":1641600682,"share":"https://ttm.financial/m/news/2201921034?lang=en_US&edition=fundamental","pubTime":"2022-01-08 08:11","market":"hk","language":"zh","title":"Sister Wood's ARK fund is nearly cut in half, and the big Wall Street banks are also trembling","url":"https://stock-news.laohu8.com/highlight/detail?id=2201921034","media":"华尔街见闻","summary":"美联储放鹰后，木头姐ARK系列基金在表现一路下滑，其旗舰基金ARKK跌破52周低点，而华尔街投行挂钩ARK基金的结构性票据也无法置身事外，去年产生的至少50个与ARK相关的票据由于其与衍生产品分层，使得它们难以退出。","content":"<p><html><head></head><body>As the Federal Reserve's \"hawkish\" advanced rate hike expectations, causing U.S. bond yields to jump, investors' subsequent increase in interest rate expectations directly damaged high-valued stocks represented by technology stocks.</p><p>The rising Treasury Bond yield has made ARKK feel the pressure further. The 10-year Treasury Bond yield has gained 3 basis points today and 22 basis points for the week. At the beginning of 2022, Sister Wood's flagship fund<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK) had its worst start to the year in history, falling 7% in one day on Wednesday. As of the publication, ARKK has fallen by 12.24% since the beginning of the year, far exceeding the 5.3% decline of the Nasdaq 100 Index during the same period.</p><p><img src=\"https://static.tigerbbs.com/3ffb1d8d9fa141043bc72ccca4011163\" tg-width=\"839\" tg-height=\"469\" referrerpolicy=\"no-referrer\"/></p><p>All 8 ETFs owned by Sister Mumou have also fallen in trading days since 2022. On the fifth trading day of the beginning of the year, only the Israel Innovation Technology Fund (IZRL) did not fall. As of the publication, the increase reached 0.1%.</p><p><img src=\"https://static.tigerbbs.com/1d8281478946ed37be758ae5c7157afd\" tg-width=\"743\" tg-height=\"599\" referrerpolicy=\"no-referrer\"/></p><p>Not only was Sister Wood in the \"storm center\", but the \"storm\" also spread to Wall Street, because from<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Large investment banks to Goldman Sachs Group have been issuing structured notes directly linked to Wood Sister ARK series on-market funds.</p><p>The so-called Structured Notes is an investment tool that combines \"fixed-income products\" and \"derivative financial products\". Most of the principal is invested in fixed-income products through banks and other issuing institutions, and the remaining few are used to engage in the operation of derivative financial products, so as to achieve the purpose of ensuring the principal and asset appreciation.</p><p>Highly leveraged notes can provide huge upside returns but also painful downside losses, which is where 2021 and now heading into 2022 are headed. As long as ARK keeps rising, the banks that launch these products get big fees and benefits; However, once ARK falls, these notes become liabilities.</p><p>According to Bloomberg estimates, as of the beginning of last year, there were at least 50 structured notes related to ARK, worth more than $100 million, by<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>, Citigroup,<a href=\"https://laohu8.com/S/0HB5.UK\">BNP Paribas</a>Wait for the bank to issue it.</p><p>Due to the large leverage and difficulty in exiting structured bills, investors may face huge losses. While there is still a lot of time before the notes officially mature, investors in these products will all face principal losses based on recent movements.</p><p>Todd Rosenbluth, head of ETF and mutual fund research at CFRA, said:</p><p>Faithful investors in ARK's strategy want 2022 to be more like 2020 rather than a replica of 2021. Past performance success does not mean future results, and investors need to decide whether the possible rate of return in an environment of rising interest rates is worth their current risks. The European leveraged note, which was launched just last month and used to amplify ARK's return, fell as much as 17% during the week. The instruments set up to track ARK's returns have fallen, and those set up to achieve ARK's inverse performance have started the year the right way.</p><p>Funds that use ARK for reverse exposure trading as introduced in an earlier article on Wall Street News have been listed on exchanges one after another. Taking the Short Innovation ETF (SARK) under Tuttle Capital Management as an example, the cumulative increase year-to-date has reached 12.81%.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sister Wood's ARK fund is nearly cut in half, and the big Wall Street banks are also trembling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSister Wood's ARK fund is nearly cut in half, and the big Wall Street banks are also trembling\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-01-08 08:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>As the Federal Reserve's \"hawkish\" advanced rate hike expectations, causing U.S. bond yields to jump, investors' subsequent increase in interest rate expectations directly damaged high-valued stocks represented by technology stocks.</p><p>The rising Treasury Bond yield has made ARKK feel the pressure further. The 10-year Treasury Bond yield has gained 3 basis points today and 22 basis points for the week. At the beginning of 2022, Sister Wood's flagship fund<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK) had its worst start to the year in history, falling 7% in one day on Wednesday. As of the publication, ARKK has fallen by 12.24% since the beginning of the year, far exceeding the 5.3% decline of the Nasdaq 100 Index during the same period.</p><p><img src=\"https://static.tigerbbs.com/3ffb1d8d9fa141043bc72ccca4011163\" tg-width=\"839\" tg-height=\"469\" referrerpolicy=\"no-referrer\"/></p><p>All 8 ETFs owned by Sister Mumou have also fallen in trading days since 2022. On the fifth trading day of the beginning of the year, only the Israel Innovation Technology Fund (IZRL) did not fall. As of the publication, the increase reached 0.1%.</p><p><img src=\"https://static.tigerbbs.com/1d8281478946ed37be758ae5c7157afd\" tg-width=\"743\" tg-height=\"599\" referrerpolicy=\"no-referrer\"/></p><p>Not only was Sister Wood in the \"storm center\", but the \"storm\" also spread to Wall Street, because from<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Large investment banks to Goldman Sachs Group have been issuing structured notes directly linked to Wood Sister ARK series on-market funds.</p><p>The so-called Structured Notes is an investment tool that combines \"fixed-income products\" and \"derivative financial products\". Most of the principal is invested in fixed-income products through banks and other issuing institutions, and the remaining few are used to engage in the operation of derivative financial products, so as to achieve the purpose of ensuring the principal and asset appreciation.</p><p>Highly leveraged notes can provide huge upside returns but also painful downside losses, which is where 2021 and now heading into 2022 are headed. As long as ARK keeps rising, the banks that launch these products get big fees and benefits; However, once ARK falls, these notes become liabilities.</p><p>According to Bloomberg estimates, as of the beginning of last year, there were at least 50 structured notes related to ARK, worth more than $100 million, by<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>, Citigroup,<a href=\"https://laohu8.com/S/0HB5.UK\">BNP Paribas</a>Wait for the bank to issue it.</p><p>Due to the large leverage and difficulty in exiting structured bills, investors may face huge losses. While there is still a lot of time before the notes officially mature, investors in these products will all face principal losses based on recent movements.</p><p>Todd Rosenbluth, head of ETF and mutual fund research at CFRA, said:</p><p>Faithful investors in ARK's strategy want 2022 to be more like 2020 rather than a replica of 2021. Past performance success does not mean future results, and investors need to decide whether the possible rate of return in an environment of rising interest rates is worth their current risks. The European leveraged note, which was launched just last month and used to amplify ARK's return, fell as much as 17% during the week. The instruments set up to track ARK's returns have fallen, and those set up to achieve ARK's inverse performance have started the year the right way.</p><p>Funds that use ARK for reverse exposure trading as introduced in an earlier article on Wall Street News have been listed on exchanges one after another. Taking the Short Innovation ETF (SARK) under Tuttle Capital Management as an example, the cumulative increase year-to-date has reached 12.81%.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3649169\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0fb0479ff67cd3a760cdce353bcb60ed","relate_stocks":{"ARKK":"ARK Innovation ETF","BK4544":"ARK ETF合集"},"source_url":"https://wallstreetcn.com/articles/3649169","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2201921034","content_text":"随着美联储“放鹰”提前了加息预期，致使美债收益率跃升，投资者随之上调的利率预期直接损害了以科技股为代表的高估值股票。持续上升的国债收益率，让ARKK进一步感受到了压力。10年期国债收益率今天已上涨3个基点，本周上涨22个基点。2022年开年，木头姐的旗舰基金ARK Innovation ETF（ARKK）创史上最糟开年表现，本周三一天就跌了7%。截止发文，ARKK开年来累计下跌12.24%，远超同期纳斯达克100指数的跌幅5.3%。木头姐旗下8只ETF在2022年以来的交易日中也悉数下跌，在开年第五个交易日盘中，只有以色列创新技术基金（IZRL）没有下跌，截止发文，涨幅达0.1%。不光木头姐在“风暴中心”，“风暴”还波及到华尔街，因为从摩根大通到高盛集团的大型投资银行一直在发行与木头姐ARK系列场内基金直接挂钩的结构性票据。所谓结构性票据Structured Notes，就是一种结合“固定收益型产品”及“衍生性金融产品”的投资工具，通过银行等发行机构将大部分的本金投资于固定收益产品，利用剩余少数的本金从事衍生性金融产品的操作，同时达到保障本金与资产增值的目的。高杠杆票据可以提供巨大的上行回报，但也会带来惨痛的下行损失，这就是2021年和现在进入2022年的方向。只要ARK持续上涨，推出这些产品的银行就能获得大笔费用和收益；然而，一旦ARK下跌，这些票据就会变成负债。根据彭博社估计，截至去年年初，至少有50种与ARK相关的结构性票据，价值超过1亿美元，由摩根士丹利、花旗集团、法国巴黎银行等银行发行。由于结构性票据较大的杠杆和难以退出的特点，投资者或将面临超大的损失。虽然距离票据正式到期还有很多时间，但根据最近的走势，这些产品的投资者都将面临本金损失。CFRA的ETF和共同基金研究主管Todd Rosenbluth表示：ARK策略的忠实投资者希望2022年能更像2020年，而不是2021年的翻版。过去的业绩成功并不代表未来的结果，投资者需要决定在利率上升的环境中，可能来带的回报率是否值得他们承受如今的风险。就在上个月推出的被用来放大ARK的回报欧洲杠杆票据，在本周内盘中跌幅高达17%。为追踪ARK的回报而设立的工具已经下跌，而那些为实现ARK的反向表现而设立的工具则以正确的方式开始了今年的工作。华尔街见闻稍早前文章介绍过的以ARK进行反向敞口交易的基金陆续在交易所上市，以Tuttle Capital Management旗下的Short Innovation ETF（SARK）为例，年初至今累计涨幅达12.81%。","news_type":1,"symbols_score_info":{"ARKK":1}},"isVote":1,"tweetType":1,"viewCount":2662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}