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2022-08-29

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Another crash! Bitcoin fell below $20,000 and 100,000 people were liquidated in one day

2022-04-29

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How do investment gurus get through the darkest hours?

2022-04-18

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@EraGrowth_Wealth:$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 surge, European stocks enter bear market

2022-02-10

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Last Night and This Morning | Undeterred by the CPI! US stocks continue to surge

2022-02-03

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2022-01-18

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Reports indicate that NIO is expanding its leased office in California and may be preparing to begin sales in the United States.

2022-01-18

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Reports indicate that NIO is expanding its leased office in California and may be preparing to begin sales in the United States.

2022-01-17

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He Xiaopeng: The Beginning and End of "Dreamers in the Air" in Car Manufacturing

2022-01-08

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Sister Wood's ARK fund is nearly halved, and Wall Street giants are trembling with fear.

Go to Tiger App to see more news

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Bitcoin fell below $20,000 and 100,000 people were liquidated 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 cryptocurrency world has been experiencing a series of thunderstorms, continuously staging a super storm. On August 27, Bitcoin prices plummeted, falling nearly $900 during the day to a low of $19,931, a drop of more than 69% from the year-to-date high of $64,900 on April 14, hitting a new low since July 14. According to data from Watcher.Guru, the global cryptocurrency market capitalization shrank by $70.63 billion in the past 24 hours. As of press time, Bitcoin was trading at $20,005.22, down 1.2%. Meanwhile, margin calls continue to occur in the futures contract market. Data from the cryptocurrency industry shows that virtual currencies...</p><p><a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">Web page 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>Another crash! Bitcoin fell below $20,000 and 100,000 people were liquidated 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\">\nAnother crash! Bitcoin fell below $20,000 and 100,000 people were liquidated 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 cryptocurrency world has been experiencing a series of thunderstorms, continuously staging a super storm. On August 27, Bitcoin prices plummeted, falling nearly $900 during the day to a low of $19,931, a drop of more than 69% from the year-to-date high of $64,900 on April 14, hitting a new low since July 14. According to data from Watcher.Guru, the global cryptocurrency market capitalization shrank by $70.63 billion in the past 24 hours. As of press time, Bitcoin was trading at $20,005.22, down 1.2%. Meanwhile, margin calls continue to occur in the futures contract market. Data from the cryptocurrency industry shows that virtual currencies...</p><p><a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">Web page 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":4946,"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":[],"title":"","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 get through the darkest hours?","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 represents risk, what goes down represents opportunity. True investors should become more pessimistic about good companies and stocks as they rise, and more optimistic as they fall. Investing is against human nature, so only a few people are destined to succeed. What we need to do is improve our thinking and cognition; investing is essentially the monetization of cognition.</p><p>Whether it's an individual stock or the overall market, the bottom is not a single point, but a range. If you buy too early, you might experience your darkest hour, but buying cheaply is the key; greatness is built through perseverance. Value investing is about being 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 world-class investment gurus weathered the market's darkest moments; it might offer some inspiration.</p><p><b>1. How Buffett got through his darkest hours</b><b>1.1 Unafraid of \"Black Monday,\" decisively buy the dip against the trend.<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a></b></p><p>On Black Monday, October 19, 1987, the U.S. stock market crashed.<b>The Dow Jones Industrial Average fell 508.32 points, or 22.62%. If calculated by market capitalization, nearly $500 billion evaporated that day. The US GDP that year was about $4.87 trillion, a single-day drop of more than one-tenth of GDP.</b>The plunge in US stocks triggered a global financial tsunami, with stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places experiencing successive sharp declines.</p><p><b>On that day, Warren Buffett lost $342 million. In a week, Buffett's holdings<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway's stock price plummeted by 25%.</b>However, unlike ordinary investors, Buffett did not rush to sell his stocks after suffering huge losses, nor did he inquire about information everywhere. According to media reports,<b>All day long, he stayed quietly in his office as usual, making phone calls, reading newspapers, and looking at the annual reports of listed companies.</b></p><p>At the subsequent Buffett Group shareholders' meeting,<b>When asked by the media what the 1987 stock market crash meant, Buffett calmly replied, \"Maybe it rose too high.\" \"Long-term investment, be a friend of time,\" \"Buy excellent companies at reasonable prices,\" and \"Predicting the market is meaningless; we should focus on the company itself\" were all investment creeds put forward by Buffett at that time.</b></p><p>Buffett firmly believes that the stock market will pass, the stock market will return to normal, and the stock prices of high-quality companies will eventually reflect their intrinsic value. He firmly believes in his investment philosophy and strives to find companies that have a long-term and sustainable competitive advantage.<b>After the stock market crash, the calm Buffett began to \"pick up bargains\". In 1988, Buffett bought Coca-Cola, a stock that would make him a fortune for decades to come.</b>Since his initial purchase in 1988, Coca-Cola has been one of Buffett's top holdings.<b>In 2022, facing instability in global financial markets, Coca-Cola bucked the trend and its stock price hit a historic 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 2008 financial crisis struck, during the darkest hour of market panic, Buffett made a statement in October of that year...<a href=\"https://laohu8.com/S/NYT\">New York times</a>He published the famous article \"I'm Buying America\".</b>：</p><p>\"Whether in the United States or elsewhere in the world, financial markets are in chaos. The financial crisis has permeated the overall economy, and now this permeation has exploded, with unemployment expected to rise in the near future.\"<b>Business activity will stagnate and the headlines continue to be scary news. So I started buying American stocks.</b></p><p><b>And why? Because I follow a simple creed: I am afraid when others are greedy, and I am greedy when others are fearful.</b></p><p>Of course, in most cases, fear spreads, and even experienced investors cannot resist this fear. However, one thing is certain: investors should remain wary of entities or companies with weak competitive positions but excessive leverage.<b>But for many highly competitive companies, there is no need to worry about their long-term prospects. These companies' profits will also fluctuate, but most large companies will set new profit records in 5, 10, or 20 years.</b></p><p><b>To clarify, I cannot predict short-term movements in the stock market, and I dare not make any rash statements about how stocks will rise or fall over a month or a year. However, it is very likely that the stock market will rise, and possibly surge, before market confidence returns or the economy recovers. 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 US stock market began a bottom out, ushering in a decade-long bull market, and Buffett and his Berkshire Hathaway once again achieved asset appreciation.</b>Over the 12 years from 2009 to the end of 2021, the Dow Jones Industrial Average rose from a low of 6,440 points to 36,952 points, an increase of...<b>5.7 times</b>； The S&P 500 index rose from a low of 666 points to 4818 points.<b>Increase of 7.23 times</b>； The Nasdaq index rose from a low of 1265 points to 16212 points.<b>12.8 times increase</b>。</p><p><b>1.3 Investment Quotes</b></p><p><b>1) You are afraid when others are greedy, and you are greedy when others are fearful.</b></p><p><b>2) When some large companies experience 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) Good opportunities are the kind that scream at you to buy. For example, in 2008, asset prices became cheap, so we shouldn't be afraid at that time. Throughout your investment career, you will probably encounter such a golden opportunity about six times.</b></p><p>4) The advantage of 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 being thrown one by one, and<b>Waiting for the one who reaches the best position.</b></p><p><b>5）</b>Good companies fall due to market reversals and unreasonable stock prices, presenting a great investment opportunity.<b>I prefer to see the market fall. When there is a sharp drop, it is easier to buy good goods and make good use of money.</b></p><p><b>6) Invest in companies instead of stocks. It is foolish to own a stock and expect it to rise tomorrow morning.</b></p><p><b>7) When a large, powerful company encounters a huge but resolvable crisis, an excellent investment opportunity quietly arises.</b></p><p><b>2. How did Munger get through his darkest hour?</b><b>2.1 Behind every brilliant achievement lie hardships. Investors should be adept at \"waiting,\" as greatness is achieved through perseverance.</b></p><p>Munger is Buffett's golden partner and vice chairman of Berkshire Hathaway. He and Buffett teamed up to create an unprecedented...<b>The best investment record – an average annual compound return of over 20%.</b></p><p><b>Behind the brilliant investment achievements are also difficult times. Munger lost 31.9% in 1973.</b>In contrast, the Dow Jones Industrial Average fell 13.1%; It lost 31.5% in 1974, and the Dow Jones Industrial Average fell 23.1%. Recalling those two years, Munger himself later said, \"It was a difficult experience—1973 to 1974 was a very unpleasant experience.\"</p><p>But even so, looking back at that decline, Munger...<b>I still believe that most stock prices had fallen to drool-worthy lows in those two years, presenting a very good opportunity.</b>He even lamented that he and Buffett might never see these opportunities again. Munger said, \"We were crushed by the market between 1973 and 1974 because our stocks had to trade at less than half their true value.\"</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 funds were invested in blue-chip printing companies. During the worst bear market since the Great Depression, blue-chip printing companies brought a significant amount of pullback/retracement to Munger's portfolio. However, Blue Chip Print later became an important asset for the fund, providing substantial funding for its subsequent acquisitions of Seesee Candy, the Buffalo Evening News, and Wesco Financial.</p><p><b>Munger's secret to investment success lies not in buying and selling to gain wealth, but in waiting. Munger believes that if you want to make big money, you must be good at waiting. I'd rather look foolish than impatiently follow the crowd. Munger's investment wisdom isn't actually some profound principle; the difficulty lies in diligently executing and persisting. The waiting process is counterintuitive.</b>，<b>Many people can't do it.</b></p><p><b>One of the most important reasons why Buffett and Munger became masters is that they understood the core principles at a very young age and persevered throughout their lives.</b>In Munger's view,<b>If you can't cope with market declines exceeding 50% two, three, or more times in a century, you're not suited to investing.</b>Furthermore, compared to investors who can rationally handle market fluctuations, they can only obtain relatively mediocre investment returns.</p><p>Under Munger's guidance, Buffett has also iterated and updated his investments over the years, no longer clinging to the early \"low-priced cigarette butt stock\" investment philosophy, but broadening his horizons.<b>Invested<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Waiting for a group of tech growth companies to also look globally and invest...<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 something promising. Sometimes we encounter economic tailwinds, sometimes we encounter headwinds, but no matter what, we keep moving forward.</b>。</p><p>2) To invest, you don't need a lot of action, but...<b>A lot of patience</b>。</p><p><b>3) If you cannot handle a market decline of more than 50% with composure, you are not suitable for investing.</b></p><p>4）<b>Learn to bear losses</b>You need the ability not to go crazy even if you suffer losses and are in adversity.</p><p><b>3. How Howard Marks got through his darkest hours</b><b>3.1 Fully recognize the \"tricks\" of bull and bear markets, go against the trend, and avoid following the crowd.</b></p><p>Howard Marks is a renowned investment guru and an American...<a href=\"https://laohu8.com/S/OAK\">Oaktree Capital</a>Founder of the management company. When he first entered the industry, a senior colleague told him a trick about a bull market. The senior said,<b>A bull market is actually very simple, divided into three phases.</b>: First stage,<b>A few visionaries began to believe that everything would be better.</b>； In the second phase, most investors realize that progress has indeed occurred; 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 has come to an end.</b></p><p>Howard Marks discovered this during the 2008 subprime mortgage crisis.<b>A bear market also has three stages:</b>First, a few investors sensed the risk amidst the frenzy; Then most investors began to feel the deterioration of the situation;<b>In the end, everyone was immersed in pessimism, believing that the situation would only get worse and that the bear market might have bottomed out.</b></p><p>Max believes that,<b>The key to successful investing lies in going against the trend—not following the crowd. The most interesting thing about investing is its contradictions; the most obvious things that everyone agrees on are often proven wrong. Only when most people cannot see the investment value will the price be lower than the value. The key to success cannot be the judgment of the group.</b>Trends and group consensus are factors hindering success. Therefore, most investors are trend followers, while outstanding investors are the opposite; they...<b>Using second-level thinking</b>Avoid similar investment portfolios and conduct<b>contrarian investment</b>。</p><p><b>3.2 Understand that the market is not entirely \"effective,\" and find the perfect moment.</b></p><p><b>The core logic behind Marx's willingness to trade against the market trend is his understanding of market effectiveness.</b>The efficient market hypothesis holds that in a stock market with sound laws, high transparency, and full competition, all available information is reflected in asset prices in a timely, accurate, and sufficient manner, unless there is market manipulation.<b>According to Marx, efficient market theory is not the whole truth about financial markets. Mainstream markets have indeed become increasingly efficient, but ineffectiveness will always exist.</b>Because humans are a complex of rationality and emotion, most people are driven by greed, fear, jealousy, and other emotions that undermine objectivity and lead to major mistakes. Therefore, the market price given by humans cannot be absolutely fair, that is, it will not always be valid or invalid.</p><p>In 2008, with the collapse of Lehman Brothers, Wall Street was in a state of panic, and some even predicted that the entire financial system was about to collapse, leading to a frenzy of asset selling.<b>However, in the three months following Lehman Brothers' bankruptcy, Oaktree Capital bucked the market trend by spending more than $6 billion to acquire senior guaranteed bonds from highly leveraged companies such as utilities at about 50% below their actual face value.</b>Ultimately, as the economy recovered, most of the bonds they took over were repaid at face value within a few months.<b>Oak Tree doubled its returns, becoming one of the few big winners in this financial crisis.</b></p><p>Howard Marks invested<b>The secret to his success lies in his ability to act against the trend, avoiding panic when a crisis strikes, and using his second-layer thinking and understanding of market effectiveness to operate against the market.</b>Successful Investment<b>It's not about \"buying well,\" but about \"buying well.\"</b>, that is<b>Buy at a price below its value and wait for the asset price to converge to its value.</b>That's the true essence of investing, the most reliable way to make money.</p><p><b>3.3 Investment Quotes</b></p><p>1）<b>Excellent investing requires a second level of thinking, a more complex and insightful way of thinking that is different from that of ordinary people.</b>What is second-level thinking?</p><p><b>The first level of thinking suggests that the company will experience sluggish growth and worsening inflation. Let's get rid of the stock. The second level of thinking says: The company's prospects are terrible, but everyone is selling stocks in panic; we should buy them.</b></p><p>The first level of thinking says: This company's profits will fall, so sell. The second level of thinking suggests that the company's profits will fall less than people expect, and there will be unexpected surprises that will drive up the stock. Buy in.</p><p>The first level of thinking says: This is a good company, let's buy the stock. 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 priced; let's sell it.</p><p><b>The first level of thinking is simple and superficial, and almost everyone can do it. The second level of thinking is profound, complex, and roundabout.</b></p><p>2）<b>You can't expect to win when you're doing the same thing as others.</b>Breaking with convention isn't the goal, but it's a good way of thinking. To make money when a crisis occurs:<b>First, you need money; second, you need courage to invest that money.</b>。 When both are present, this is the formula for success.</p><p>3) To some extent,<b>Trends and group consensus are factors hindering success.</b>Similar portfolios are something we should avoid. Due to market pendulum swings or market cyclicality, obtaining...<b>The key to ultimate victory lies in contrarian investing.</b></p><p>4）<b>Remember that everything has a cycle. The cycle always prevails in the end. Nothing can go in the same direction forever. Trees don't grow to the sky. Very few things reset to zero. Insisting on speculating about the future based on today's events is the greatest harm to investors' investment activities.</b></p><p>5）<b>Emotional fluctuations in the stock market are similar to the swing of a pendulum.</b>When conditions are good and prices are high, investors rush to buy, leaving all caution behind. When the surrounding environment is chaotic and assets are cheap to sell, investors have completely lost their willingness to take risks and are eager to sell. Always will be.</p><p><b>4. How did Dario get through his darkest moments?</b><b>4.1 Bridgewater Associates' all-weather strategy emphasizes proactively seizing suitable market opportunities.</b></p><p>Dalio is the founder of Bridgewater Associates, the world's largest hedge fund, with assets under management exceeding $200 billion.</p><p>Dalio proposed an \"all-weather strategy,\" emphasizing the use of...<b>Scientific economic quantitative model for active asset management</b>, fusion<b>Macroeconomic forecasting, asset class selection, portfolio risk management</b>Create a complete asset management system in three major areas. By analyzing the macroeconomic environment, dividing it into different stages according to economic growth and inflation levels, finding asset classes suitable for each state, and then allocating it to stocks, commodities, and bonds to build the final investment portfolio.</p><p><b>4.2 Responding to crises: Instead of complaining about dangers, seize opportunities.</b></p><p><b>Dalio has proven to many investors that instead of passively complaining about the market, they should actively respond to risks, adjust their investment mindset according to market conditions, and restructure their portfolios. This has enabled Bridgewater Associates to perform exceptionally well in multiple crises.</b></p><p><b>Black Monday 1987</b>Dalio's Bridgewater Fund bucked 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, with many funds performing very poorly. Many prominent financial institutions were at risk; Lehman Brothers collapsed, and Bear Stearns was taken over by other financial institutions.<b>Bridgewater, however, bucked the trend and achieved a positive return of 14%.</b></p><p><b>In 2010, the sovereign debt crisis broke out in Europe, and the overall performance of the industry was very dismal, but Bridgewater...</b>They performed exceptionally well<b>Its \"Pure Alpha Fund,\" with a size of $70 billion, achieved a 45% return in 2010.</b>Bridgewater's overall return also reached a record high that year.</p><p><b>Crisis can make people grow, crisis is both danger and opportunity, danger contains opportunity. It's easier said than done, but Dalio truly did just that, turning danger into opportunity and reaping substantial returns amidst market turmoil.</b></p><p>In<b>Principles</b>In his book, Dalio shares three things he learned from the market crash:</p><p><b>First, one should not be overly confident and allow oneself to be swayed by emotions.</b>No matter how much I know, no matter how diligent I am, I should not confidently make absolute assertions.</p><p>Second, I realized once again<b>The value of studying history</b>；</p><p>Third,<b>Seizing market opportunities is quite difficult for most people.</b>。</p><p><b>4.3 Investment Quotes</b></p><p>1) Investors' crimes<b>The biggest mistake is to think that what has happened recently may continue.</b></p><p><b>2) I will not dwell on the present.</b></p><p><b>3）</b>Investors are always more likely to make the decision to sell when the market is declining. Giving in to fear is not a wise strategy, because it will not succeed. Conversely, when the market is falling, investors need to do the opposite:<b>When you are no longer afraid, you may need to sell; When you feel fear, you may need to buy.</b></p><p><b>4）</b>Wise people always keep a close eye on sound fundamentals through various ups and downs, and<b>Frivolous people follow their feelings, react emotionally, rush into popular things, and quickly give up when they're not hot.</b></p><p><b>5. How Graham got through his darkest hours</b><b>5.1 Buy at low prices + hedge against risks; do not resort to withdrawal to cope with a stock market downturn.</b></p><p>Benjamin Graham is known as the \"Godfather of Wall Street\". His representative works include \"Securities Analysis\" and \"The Intelligent Investor\". He believes that the world is original<b>There is no way to get rich overnight; often the simplest method is the best method.</b>He advised investors to maintain the right attitude, trust common sense, and think for themselves.<b>To achieve investment success, an investor must possess both good business analysis and judgment skills and a rational ability to isolate their thoughts and actions from the emotions circulating in the market.</b></p><p>In 1936, Wall Street fell into another slump, and for most investors, another severe test was about to be faced.<b>At this point, Graham did not fall into pessimism like other investors. Instead, he made full use of stock investment analysis methods to search for stocks worth investing in.</b>He doesn't focus on predicting the future trend of the securities market or the future outlook of individual stocks based on their past performance, but mainly...<b>Whether a stock's market capitalization is lower than its intrinsic value is used as a judgment standard.</b>In particular, stocks below their liquidation value are a key focus of his attention.</p><p><b>Graham bought a large number of low-priced shares for Graham Newman during the stock market downturn.</b>Moreover, as before the stock market crash of 1929, Graham took various risk-averse measures against all his investments, and this time he protected his assets more thoroughly.<b>On the one hand, Graham adopted a diversified investment approach to avoid risk. On the other hand, he invested in preferred shares, using preferred shares to obtain low-interest financing and at the same time receive about 50% dividends, while common stocks do not guarantee dividends, thus achieving the purpose of avoiding risk.</b></p><p>Graham's investment strategies and techniques demonstrate both resilience to sustained downturns and profitability in weak markets.<b>When the stock market began to reverse, Graham bought a large number of low-priced stocks during the stock market downturn, which resulted in huge returns.</b>Between 1936 and 1941, although the stock market generally declined, Graham Newman's average annual investment return during this period significantly outperformed the S&P 500, which suffered an average loss of 0.6% during the same period.</p><p>Looking at a longer timeline,<b>From 1936 to 1956, Graham recorded an average annual investment return of no less than 14.7%.</b>This could rank among the best long-term returns ever recorded on Wall Street.</p><p><b>5.2 Investment Quotes</b></p><p><b>1) A bull market is the main reason for losses for ordinary investors.</b></p><p>2) Buying stocks is part of buying a business.</p><p>3) The market always oscillates between overexcitement and overpessimism.<b>Wise investors buy from overly pessimistic people and sell to overly excited people.</b></p><p>4) Your own performance has a far greater impact on investment returns than the performance of the securities themselves.</p><p>5) Be meticulous about stock prices, shopping like a supermarket, not like buying cosmetics.</p><p><b>6) The risk of rising stocks increases rather than decreases, and the risk of falling stocks decreases rather than increases.</b></p><p>7) During a bull market, it is rare to see listed companies holding more cash than their stock price, but<b>There are more opportunities than you might imagine during 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 seeking profits from them.<b>Investors are primarily interested in acquiring and holding the right stocks at the right price.</b></p><p><b>9) Most investors believe that in order to avoid investment risks, it is best to withdraw from the stock market and cut off all positions. However, withdrawing from the stock market is not the best way to deal with a stock market downturn.</b></p><p><b>6. How Peter Lynch got through his darkest hours</b><b>6.1 Reject fear-driven selling</b></p><p>Peter Lynch is an accomplished stock investor and mutual fund manager. From 1977 to 1990, Peter Lynch managed the Magellan Fund for 13 years, creating an investment miracle and myth.<b>Magellan's assets under management grew from $20 million to $14 billion.</b>With over 1 million holders, the fund was the largest mutual fund in terms of assets under management globally at the time.</p><p><b>Lynch's Magellan Fund achieved an annualized compound return of 29% over 13 years. But on October 19, 1987, the Magellan Fund's net asset value lost 18%, a loss of as much as $2 billion. Amid panic, investors rushed to redeem their shares, resulting in Magellan Fund's redemption volume reaching 1.3 billion in October, while only 689 million shares were purchased.</b></p><p><b>In his book \"Peter Lynch's Successful Investing,\" he recorded his emotional journey during the 1987 stock market crash: \"At that moment, I really couldn't be sure whether it was the end of the world, whether we were about to fall into a severe Great Depression, or whether things hadn't gotten that bad.\" Lynch summarized that the stock market crash taught him many lessons:</b></p><p><b>First, investors should ignore the ups and downs of the stock market. If you desperately sell stocks during a stock market crash, your selling price will often be very low.</b></p><p><b>Secondly, even if you are very panicked, you should stay alert.</b>Instead of selling off so much at once, you should gradually reduce your holdings. Only in this way can you ultimately obtain a higher return on investment than investors who sell all their stocks due to panic.</p><p><b>Third, in the end, the excellent companies will win, while the average companies will fail, and investors in these two completely different types of companies will receive completely different returns accordingly.</b>This has proven to be the case.<b>By June 1988, the market had rebounded more than 400 points, or 23%. If it had been sold in October 1987, the losses would have been severe.</b></p><p><b>6.2 Investment Quotes</b></p><p>1) Stock market crashes are as common as the January blizzard in Colorado. If you are prepared, it won't affect you much.<b>A stock market crash is actually a great opportunity to buy stocks. At that time, panicked investors sold off their shares, and stock prices naturally dropped significantly.</b>You can then take the opportunity to pick up many cheap stocks.</p><p><b>2) Typically, a company's performance is unrelated to its stock price over several months or even years. However, in the long run, the two are 100% related.</b>This difference is key to making money.<b>Be patient and hold good stocks.</b></p><p><b>3) Everyone has the brains to make money in the stock market. But not everyone has that kind of courage. If you are prone to selling stocks during stock market panics, you should stay away from the stock market and funds.</b></p><p><b>4）</b>When you invest in the short term, you can only earn 90%.<b>When you invest long-term, you can earn tenfold.</b></p><p><b>5) The historical patterns of stock market fluctuations tell us that all major crashes will pass, and the stock market will always rise higher.</b>Historical experience also shows that,<b>A stock market crash is actually a good opportunity to release risk and create investment opportunities, allowing you to buy stocks of excellent companies at very low prices.</b></p><p>6）<b>Emotions can be a real performance killer,</b>A market downturn can easily lead you to sell in panic, or a market surge can easily lead you to greedily buy overvalued stocks.</p><p>7) The real reason for the stock market crash, whether looking at historical experience or statistical indicators such as P/E and Dividend yields, was that the market at that time rose too much.</p><p>8) People only remember that the stock market plummeted by 1,000 points in two months during the stock market crash, half of which fell in one day, but they forget that the stock market rose by more than 1,000 points in the nine months before the crash.</p><p><b>7. How John Templeton got through his darkest hours</b><b>7.1 The Path to Contrarian Investment</b></p><p>John Templeton is ranked alongside George Soros, Peter Lynch, and Warren Buffett as one of the world's four legendary investors, and is known as the \"Father of Global Investing\" by Forbes magazine.</p><p>As the most famous contrarian investor of the last century, Templeton's investment methodology can be summarized as follows:<b>\"Buy at the low point of the Great Depression and sell at the crazy and irrational high, and navigate the gap between the two with ease.\" He identified and sought out countries and industries around the world that had hit rock bottom but still had excellent prospects, and his investment targets were companies that had been overlooked by the public.</b>As a contrarian value investor, Templeton believes that completely overlooked stocks are the most tempting bargains—especially those that investors haven't yet researched.</p><p><b>From zero to one, from one to one hundred, he often maximizes his ability to buy low and exit high, investing against the trend at the \"greatest pessimistic point\".</b>In 1937, at the height of the Great Depression, Templeton founded his own firm, Templeton, Dobbrow & Vance (TDV).<b>In 1939, amid the double terror of the Great Depression and war, the thirty-six-year-old Templeton borrowed $10,000 to buy 104 companies, each with 100 shares of stock.</b>A few years later, the value of the entire portfolio rebounded significantly, and the success of 100 of these companies earned Templeton his first pot of gold.<b>By 1967, he had more than $400 million under management.</b>Templeton founded the world's largest and most successful Templeton Mutual Fund Group, and his fund company never hired salespeople and relied entirely on investment performance to attract customers.<b>By 1992, his assets under management had reached $22 billion.</b></p><p><b>Globally, we are identifying and seeking countries and industries that have hit rock bottom but still have excellent prospects.</b>In 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>He seized the opportunity before other investors, and after he bought in, the Japanese stock market surged.<b>Later, he realized that the Japanese stock market was overvalued.</b>In 1988, he told shareholders that the Japanese stock market would shrink by 50% or even more. At the same time, he discovered new investment opportunities.<b>Rejoin the United States.</b></p><p><b>7.2 Investment Quotes</b></p><p><b>1) Blood splattering on the streets is the best time to buy.</b></p><p><b>2) Bull markets are born in pessimism, grow in doubt, mature in optimism, and die in excitement.</b></p><p>3) Even if everyone around you is selling, you don't need to follow suit, because<b>The best time to sell is before the stock market crashes, not after.</b></p><p>4) You should examine your portfolio.<b>The only reason to sell existing stock is that there are more attractive stocks available.</b>If not, you should continue to hold your shares.</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 get through the darkest hours?</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 get through the darkest hours?\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 represents risk, what goes down represents opportunity. True investors should become more pessimistic about good companies and stocks as they rise, and more optimistic as they fall. Investing is against human nature, so only a few people are destined to succeed. What we need to do is improve our thinking and cognition; investing is essentially the monetization of cognition.</p><p>Whether it's an individual stock or the overall market, the bottom is not a single point, but a range. If you buy too early, you might experience your darkest hour, but buying cheaply is the key; greatness is built through perseverance. Value investing is about being 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 world-class investment gurus weathered the market's darkest moments; it might offer some inspiration.</p><p><b>1. How Buffett got through his darkest hours</b><b>1.1 Unafraid of \"Black Monday,\" decisively buy the dip against the trend.<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a></b></p><p>On Black Monday, October 19, 1987, the U.S. stock market crashed.<b>The Dow Jones Industrial Average fell 508.32 points, or 22.62%. If calculated by market capitalization, nearly $500 billion evaporated that day. The US GDP that year was about $4.87 trillion, a single-day drop of more than one-tenth of GDP.</b>The plunge in US stocks triggered a global financial tsunami, with stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places experiencing successive sharp declines.</p><p><b>On that day, Warren Buffett lost $342 million. In a week, Buffett's holdings<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway's stock price plummeted by 25%.</b>However, unlike ordinary investors, Buffett did not rush to sell his stocks after suffering huge losses, nor did he inquire about information everywhere. According to media reports,<b>All day long, he stayed quietly in his office as usual, making phone calls, reading newspapers, and looking at the annual reports of listed companies.</b></p><p>At the subsequent Buffett Group shareholders' meeting,<b>When asked by the media what the 1987 stock market crash meant, Buffett calmly replied, \"Maybe it rose too high.\" \"Long-term investment, be a friend of time,\" \"Buy excellent companies at reasonable prices,\" and \"Predicting the market is meaningless; we should focus on the company itself\" were all investment creeds put forward by Buffett at that time.</b></p><p>Buffett firmly believes that the stock market will pass, the stock market will return to normal, and the stock prices of high-quality companies will eventually reflect their intrinsic value. He firmly believes in his investment philosophy and strives to find companies that have a long-term and sustainable competitive advantage.<b>After the stock market crash, the calm Buffett began to \"pick up bargains\". In 1988, Buffett bought Coca-Cola, a stock that would make him a fortune for decades to come.</b>Since his initial purchase in 1988, Coca-Cola has been one of Buffett's top holdings.<b>In 2022, facing instability in global financial markets, Coca-Cola bucked the trend and its stock price hit a historic 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 2008 financial crisis struck, during the darkest hour of market panic, Buffett made a statement in October of that year...<a href=\"https://laohu8.com/S/NYT\">New York times</a>He published the famous article \"I'm Buying America\".</b>：</p><p>\"Whether in the United States or elsewhere in the world, financial markets are in chaos. The financial crisis has permeated the overall economy, and now this permeation has exploded, with unemployment expected to rise in the near future.\"<b>Business activity will stagnate and the headlines continue to be scary news. So I started buying American stocks.</b></p><p><b>And why? Because I follow a simple creed: I am afraid when others are greedy, and I am greedy when others are fearful.</b></p><p>Of course, in most cases, fear spreads, and even experienced investors cannot resist this fear. However, one thing is certain: investors should remain wary of entities or companies with weak competitive positions but excessive leverage.<b>But for many highly competitive companies, there is no need to worry about their long-term prospects. These companies' profits will also fluctuate, but most large companies will set new profit records in 5, 10, or 20 years.</b></p><p><b>To clarify, I cannot predict short-term movements in the stock market, and I dare not make any rash statements about how stocks will rise or fall over a month or a year. However, it is very likely that the stock market will rise, and possibly surge, before market confidence returns or the economy recovers. 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 US stock market began a bottom out, ushering in a decade-long bull market, and Buffett and his Berkshire Hathaway once again achieved asset appreciation.</b>Over the 12 years from 2009 to the end of 2021, the Dow Jones Industrial Average rose from a low of 6,440 points to 36,952 points, an increase of...<b>5.7 times</b>； The S&P 500 index rose from a low of 666 points to 4818 points.<b>Increase of 7.23 times</b>； The Nasdaq index rose from a low of 1265 points to 16212 points.<b>12.8 times increase</b>。</p><p><b>1.3 Investment Quotes</b></p><p><b>1) You are afraid when others are greedy, and you are greedy when others are fearful.</b></p><p><b>2) When some large companies experience 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) Good opportunities are the kind that scream at you to buy. For example, in 2008, asset prices became cheap, so we shouldn't be afraid at that time. Throughout your investment career, you will probably encounter such a golden opportunity about six times.</b></p><p>4) The advantage of 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 being thrown one by one, and<b>Waiting for the one who reaches the best position.</b></p><p><b>5）</b>Good companies fall due to market reversals and unreasonable stock prices, presenting a great investment opportunity.<b>I prefer to see the market fall. When there is a sharp drop, it is easier to buy good goods and make good use of money.</b></p><p><b>6) Invest in companies instead of stocks. It is foolish to own a stock and expect it to rise tomorrow morning.</b></p><p><b>7) When a large, powerful company encounters a huge but resolvable crisis, an excellent investment opportunity quietly arises.</b></p><p><b>2. How did Munger get through his darkest hour?</b><b>2.1 Behind every brilliant achievement lie hardships. Investors should be adept at \"waiting,\" as greatness is achieved through perseverance.</b></p><p>Munger is Buffett's golden partner and vice chairman of Berkshire Hathaway. He and Buffett teamed up to create an unprecedented...<b>The best investment record – an average annual compound return of over 20%.</b></p><p><b>Behind the brilliant investment achievements are also difficult times. Munger lost 31.9% in 1973.</b>In contrast, the Dow Jones Industrial Average fell 13.1%; It lost 31.5% in 1974, and the Dow Jones Industrial Average fell 23.1%. Recalling those two years, Munger himself later said, \"It was a difficult experience—1973 to 1974 was a very unpleasant experience.\"</p><p>But even so, looking back at that decline, Munger...<b>I still believe that most stock prices had fallen to drool-worthy lows in those two years, presenting a very good opportunity.</b>He even lamented that he and Buffett might never see these opportunities again. Munger said, \"We were crushed by the market between 1973 and 1974 because our stocks had to trade at less than half their true value.\"</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 funds were invested in blue-chip printing companies. During the worst bear market since the Great Depression, blue-chip printing companies brought a significant amount of pullback/retracement to Munger's portfolio. However, Blue Chip Print later became an important asset for the fund, providing substantial funding for its subsequent acquisitions of Seesee Candy, the Buffalo Evening News, and Wesco Financial.</p><p><b>Munger's secret to investment success lies not in buying and selling to gain wealth, but in waiting. Munger believes that if you want to make big money, you must be good at waiting. I'd rather look foolish than impatiently follow the crowd. Munger's investment wisdom isn't actually some profound principle; the difficulty lies in diligently executing and persisting. The waiting process is counterintuitive.</b>，<b>Many people can't do it.</b></p><p><b>One of the most important reasons why Buffett and Munger became masters is that they understood the core principles at a very young age and persevered throughout their lives.</b>In Munger's view,<b>If you can't cope with market declines exceeding 50% two, three, or more times in a century, you're not suited to investing.</b>Furthermore, compared to investors who can rationally handle market fluctuations, they can only obtain relatively mediocre investment returns.</p><p>Under Munger's guidance, Buffett has also iterated and updated his investments over the years, no longer clinging to the early \"low-priced cigarette butt stock\" investment philosophy, but broadening his horizons.<b>Invested<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Waiting for a group of tech growth companies to also look globally and invest...<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 something promising. Sometimes we encounter economic tailwinds, sometimes we encounter headwinds, but no matter what, we keep moving forward.</b>。</p><p>2) To invest, you don't need a lot of action, but...<b>A lot of patience</b>。</p><p><b>3) If you cannot handle a market decline of more than 50% with composure, you are not suitable for investing.</b></p><p>4）<b>Learn to bear losses</b>You need the ability not to go crazy even if you suffer losses and are in adversity.</p><p><b>3. How Howard Marks got through his darkest hours</b><b>3.1 Fully recognize the \"tricks\" of bull and bear markets, go against the trend, and avoid following the crowd.</b></p><p>Howard Marks is a renowned investment guru and an American...<a href=\"https://laohu8.com/S/OAK\">Oaktree Capital</a>Founder of the management company. When he first entered the industry, a senior colleague told him a trick about a bull market. The senior said,<b>A bull market is actually very simple, divided into three phases.</b>: First stage,<b>A few visionaries began to believe that everything would be better.</b>； In the second phase, most investors realize that progress has indeed occurred; 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 has come to an end.</b></p><p>Howard Marks discovered this during the 2008 subprime mortgage crisis.<b>A bear market also has three stages:</b>First, a few investors sensed the risk amidst the frenzy; Then most investors began to feel the deterioration of the situation;<b>In the end, everyone was immersed in pessimism, believing that the situation would only get worse and that the bear market might have bottomed out.</b></p><p>Max believes that,<b>The key to successful investing lies in going against the trend—not following the crowd. The most interesting thing about investing is its contradictions; the most obvious things that everyone agrees on are often proven wrong. Only when most people cannot see the investment value will the price be lower than the value. The key to success cannot be the judgment of the group.</b>Trends and group consensus are factors hindering success. Therefore, most investors are trend followers, while outstanding investors are the opposite; they...<b>Using second-level thinking</b>Avoid similar investment portfolios and conduct<b>contrarian investment</b>。</p><p><b>3.2 Understand that the market is not entirely \"effective,\" and find the perfect moment.</b></p><p><b>The core logic behind Marx's willingness to trade against the market trend is his understanding of market effectiveness.</b>The efficient market hypothesis holds that in a stock market with sound laws, high transparency, and full competition, all available information is reflected in asset prices in a timely, accurate, and sufficient manner, unless there is market manipulation.<b>According to Marx, efficient market theory is not the whole truth about financial markets. Mainstream markets have indeed become increasingly efficient, but ineffectiveness will always exist.</b>Because humans are a complex of rationality and emotion, most people are driven by greed, fear, jealousy, and other emotions that undermine objectivity and lead to major mistakes. Therefore, the market price given by humans cannot be absolutely fair, that is, it will not always be valid or invalid.</p><p>In 2008, with the collapse of Lehman Brothers, Wall Street was in a state of panic, and some even predicted that the entire financial system was about to collapse, leading to a frenzy of asset selling.<b>However, in the three months following Lehman Brothers' bankruptcy, Oaktree Capital bucked the market trend by spending more than $6 billion to acquire senior guaranteed bonds from highly leveraged companies such as utilities at about 50% below their actual face value.</b>Ultimately, as the economy recovered, most of the bonds they took over were repaid at face value within a few months.<b>Oak Tree doubled its returns, becoming one of the few big winners in this financial crisis.</b></p><p>Howard Marks invested<b>The secret to his success lies in his ability to act against the trend, avoiding panic when a crisis strikes, and using his second-layer thinking and understanding of market effectiveness to operate against the market.</b>Successful Investment<b>It's not about \"buying well,\" but about \"buying well.\"</b>, that is<b>Buy at a price below its value and wait for the asset price to converge to its value.</b>That's the true essence of investing, the most reliable way to make money.</p><p><b>3.3 Investment Quotes</b></p><p>1）<b>Excellent investing requires a second level of thinking, a more complex and insightful way of thinking that is different from that of ordinary people.</b>What is second-level thinking?</p><p><b>The first level of thinking suggests that the company will experience sluggish growth and worsening inflation. Let's get rid of the stock. The second level of thinking says: The company's prospects are terrible, but everyone is selling stocks in panic; we should buy them.</b></p><p>The first level of thinking says: This company's profits will fall, so sell. The second level of thinking suggests that the company's profits will fall less than people expect, and there will be unexpected surprises that will drive up the stock. Buy in.</p><p>The first level of thinking says: This is a good company, let's buy the stock. 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 priced; let's sell it.</p><p><b>The first level of thinking is simple and superficial, and almost everyone can do it. The second level of thinking is profound, complex, and roundabout.</b></p><p>2）<b>You can't expect to win when you're doing the same thing as others.</b>Breaking with convention isn't the goal, but it's a good way of thinking. To make money when a crisis occurs:<b>First, you need money; second, you need courage to invest that money.</b>。 When both are present, this is the formula for success.</p><p>3) To some extent,<b>Trends and group consensus are factors hindering success.</b>Similar portfolios are something we should avoid. Due to market pendulum swings or market cyclicality, obtaining...<b>The key to ultimate victory lies in contrarian investing.</b></p><p>4）<b>Remember that everything has a cycle. The cycle always prevails in the end. Nothing can go in the same direction forever. Trees don't grow to the sky. Very few things reset to zero. Insisting on speculating about the future based on today's events is the greatest harm to investors' investment activities.</b></p><p>5）<b>Emotional fluctuations in the stock market are similar to the swing of a pendulum.</b>When conditions are good and prices are high, investors rush to buy, leaving all caution behind. When the surrounding environment is chaotic and assets are cheap to sell, investors have completely lost their willingness to take risks and are eager to sell. Always will be.</p><p><b>4. How did Dario get through his darkest moments?</b><b>4.1 Bridgewater Associates' all-weather strategy emphasizes proactively seizing suitable market opportunities.</b></p><p>Dalio is the founder of Bridgewater Associates, the world's largest hedge fund, with assets under management exceeding $200 billion.</p><p>Dalio proposed an \"all-weather strategy,\" emphasizing the use of...<b>Scientific economic quantitative model for active asset management</b>, fusion<b>Macroeconomic forecasting, asset class selection, portfolio risk management</b>Create a complete asset management system in three major areas. By analyzing the macroeconomic environment, dividing it into different stages according to economic growth and inflation levels, finding asset classes suitable for each state, and then allocating it to stocks, commodities, and bonds to build the final investment portfolio.</p><p><b>4.2 Responding to crises: Instead of complaining about dangers, seize opportunities.</b></p><p><b>Dalio has proven to many investors that instead of passively complaining about the market, they should actively respond to risks, adjust their investment mindset according to market conditions, and restructure their portfolios. This has enabled Bridgewater Associates to perform exceptionally well in multiple crises.</b></p><p><b>Black Monday 1987</b>Dalio's Bridgewater Fund bucked 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, with many funds performing very poorly. Many prominent financial institutions were at risk; Lehman Brothers collapsed, and Bear Stearns was taken over by other financial institutions.<b>Bridgewater, however, bucked the trend and achieved a positive return of 14%.</b></p><p><b>In 2010, the sovereign debt crisis broke out in Europe, and the overall performance of the industry was very dismal, but Bridgewater...</b>They performed exceptionally well<b>Its \"Pure Alpha Fund,\" with a size of $70 billion, achieved a 45% return in 2010.</b>Bridgewater's overall return also reached a record high that year.</p><p><b>Crisis can make people grow, crisis is both danger and opportunity, danger contains opportunity. It's easier said than done, but Dalio truly did just that, turning danger into opportunity and reaping substantial returns amidst market turmoil.</b></p><p>In<b>Principles</b>In his book, Dalio shares three things he learned from the market crash:</p><p><b>First, one should not be overly confident and allow oneself to be swayed by emotions.</b>No matter how much I know, no matter how diligent I am, I should not confidently make absolute assertions.</p><p>Second, I realized once again<b>The value of studying history</b>；</p><p>Third,<b>Seizing market opportunities is quite difficult for most people.</b>。</p><p><b>4.3 Investment Quotes</b></p><p>1) Investors' crimes<b>The biggest mistake is to think that what has happened recently may continue.</b></p><p><b>2) I will not dwell on the present.</b></p><p><b>3）</b>Investors are always more likely to make the decision to sell when the market is declining. Giving in to fear is not a wise strategy, because it will not succeed. Conversely, when the market is falling, investors need to do the opposite:<b>When you are no longer afraid, you may need to sell; When you feel fear, you may need to buy.</b></p><p><b>4）</b>Wise people always keep a close eye on sound fundamentals through various ups and downs, and<b>Frivolous people follow their feelings, react emotionally, rush into popular things, and quickly give up when they're not hot.</b></p><p><b>5. How Graham got through his darkest hours</b><b>5.1 Buy at low prices + hedge against risks; do not resort to withdrawal to cope with a stock market downturn.</b></p><p>Benjamin Graham is known as the \"Godfather of Wall Street\". His representative works include \"Securities Analysis\" and \"The Intelligent Investor\". He believes that the world is original<b>There is no way to get rich overnight; often the simplest method is the best method.</b>He advised investors to maintain the right attitude, trust common sense, and think for themselves.<b>To achieve investment success, an investor must possess both good business analysis and judgment skills and a rational ability to isolate their thoughts and actions from the emotions circulating in the market.</b></p><p>In 1936, Wall Street fell into another slump, and for most investors, another severe test was about to be faced.<b>At this point, Graham did not fall into pessimism like other investors. Instead, he made full use of stock investment analysis methods to search for stocks worth investing in.</b>He doesn't focus on predicting the future trend of the securities market or the future outlook of individual stocks based on their past performance, but mainly...<b>Whether a stock's market capitalization is lower than its intrinsic value is used as a judgment standard.</b>In particular, stocks below their liquidation value are a key focus of his attention.</p><p><b>Graham bought a large number of low-priced shares for Graham Newman during the stock market downturn.</b>Moreover, as before the stock market crash of 1929, Graham took various risk-averse measures against all his investments, and this time he protected his assets more thoroughly.<b>On the one hand, Graham adopted a diversified investment approach to avoid risk. On the other hand, he invested in preferred shares, using preferred shares to obtain low-interest financing and at the same time receive about 50% dividends, while common stocks do not guarantee dividends, thus achieving the purpose of avoiding risk.</b></p><p>Graham's investment strategies and techniques demonstrate both resilience to sustained downturns and profitability in weak markets.<b>When the stock market began to reverse, Graham bought a large number of low-priced stocks during the stock market downturn, which resulted in huge returns.</b>Between 1936 and 1941, although the stock market generally declined, Graham Newman's average annual investment return during this period significantly outperformed the S&P 500, which suffered an average loss of 0.6% during the same period.</p><p>Looking at a longer timeline,<b>From 1936 to 1956, Graham recorded an average annual investment return of no less than 14.7%.</b>This could rank among the best long-term returns ever recorded on Wall Street.</p><p><b>5.2 Investment Quotes</b></p><p><b>1) A bull market is the main reason for losses for ordinary investors.</b></p><p>2) Buying stocks is part of buying a business.</p><p>3) The market always oscillates between overexcitement and overpessimism.<b>Wise investors buy from overly pessimistic people and sell to overly excited people.</b></p><p>4) Your own performance has a far greater impact on investment returns than the performance of the securities themselves.</p><p>5) Be meticulous about stock prices, shopping like a supermarket, not like buying cosmetics.</p><p><b>6) The risk of rising stocks increases rather than decreases, and the risk of falling stocks decreases rather than increases.</b></p><p>7) During a bull market, it is rare to see listed companies holding more cash than their stock price, but<b>There are more opportunities than you might imagine during 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 seeking profits from them.<b>Investors are primarily interested in acquiring and holding the right stocks at the right price.</b></p><p><b>9) Most investors believe that in order to avoid investment risks, it is best to withdraw from the stock market and cut off all positions. However, withdrawing from the stock market is not the best way to deal with a stock market downturn.</b></p><p><b>6. How Peter Lynch got through his darkest hours</b><b>6.1 Reject fear-driven selling</b></p><p>Peter Lynch is an accomplished stock investor and mutual fund manager. From 1977 to 1990, Peter Lynch managed the Magellan Fund for 13 years, creating an investment miracle and myth.<b>Magellan's assets under management grew from $20 million to $14 billion.</b>With over 1 million holders, the fund was the largest mutual fund in terms of assets under management globally at the time.</p><p><b>Lynch's Magellan Fund achieved an annualized compound return of 29% over 13 years. But on October 19, 1987, the Magellan Fund's net asset value lost 18%, a loss of as much as $2 billion. Amid panic, investors rushed to redeem their shares, resulting in Magellan Fund's redemption volume reaching 1.3 billion in October, while only 689 million shares were purchased.</b></p><p><b>In his book \"Peter Lynch's Successful Investing,\" he recorded his emotional journey during the 1987 stock market crash: \"At that moment, I really couldn't be sure whether it was the end of the world, whether we were about to fall into a severe Great Depression, or whether things hadn't gotten that bad.\" Lynch summarized that the stock market crash taught him many lessons:</b></p><p><b>First, investors should ignore the ups and downs of the stock market. If you desperately sell stocks during a stock market crash, your selling price will often be very low.</b></p><p><b>Secondly, even if you are very panicked, you should stay alert.</b>Instead of selling off so much at once, you should gradually reduce your holdings. Only in this way can you ultimately obtain a higher return on investment than investors who sell all their stocks due to panic.</p><p><b>Third, in the end, the excellent companies will win, while the average companies will fail, and investors in these two completely different types of companies will receive completely different returns accordingly.</b>This has proven to be the case.<b>By June 1988, the market had rebounded more than 400 points, or 23%. If it had been sold in October 1987, the losses would have been severe.</b></p><p><b>6.2 Investment Quotes</b></p><p>1) Stock market crashes are as common as the January blizzard in Colorado. If you are prepared, it won't affect you much.<b>A stock market crash is actually a great opportunity to buy stocks. At that time, panicked investors sold off their shares, and stock prices naturally dropped significantly.</b>You can then take the opportunity to pick up many cheap stocks.</p><p><b>2) Typically, a company's performance is unrelated to its stock price over several months or even years. However, in the long run, the two are 100% related.</b>This difference is key to making money.<b>Be patient and hold good stocks.</b></p><p><b>3) Everyone has the brains to make money in the stock market. But not everyone has that kind of courage. If you are prone to selling stocks during stock market panics, you should stay away from the stock market and funds.</b></p><p><b>4）</b>When you invest in the short term, you can only earn 90%.<b>When you invest long-term, you can earn tenfold.</b></p><p><b>5) The historical patterns of stock market fluctuations tell us that all major crashes will pass, and the stock market will always rise higher.</b>Historical experience also shows that,<b>A stock market crash is actually a good opportunity to release risk and create investment opportunities, allowing you to buy stocks of excellent companies at very low prices.</b></p><p>6）<b>Emotions can be a real performance killer,</b>A market downturn can easily lead you to sell in panic, or a market surge can easily lead you to greedily buy overvalued stocks.</p><p>7) The real reason for the stock market crash, whether looking at historical experience or statistical indicators such as P/E and Dividend yields, was that the market at that time rose too much.</p><p>8) People only remember that the stock market plummeted by 1,000 points in two months during the stock market crash, half of which fell in one day, but they forget that the stock market rose by more than 1,000 points in the nine months before the crash.</p><p><b>7. How John Templeton got through his darkest hours</b><b>7.1 The Path to Contrarian Investment</b></p><p>John Templeton is ranked alongside George Soros, Peter Lynch, and Warren Buffett as one of the world's four legendary investors, and is known as the \"Father of Global Investing\" by Forbes magazine.</p><p>As the most famous contrarian investor of the last century, Templeton's investment methodology can be summarized as follows:<b>\"Buy at the low point of the Great Depression and sell at the crazy and irrational high, and navigate the gap between the two with ease.\" He identified and sought out countries and industries around the world that had hit rock bottom but still had excellent prospects, and his investment targets were companies that had been overlooked by the public.</b>As a contrarian value investor, Templeton believes that completely overlooked stocks are the most tempting bargains—especially those that investors haven't yet researched.</p><p><b>From zero to one, from one to one hundred, he often maximizes his ability to buy low and exit high, investing against the trend at the \"greatest pessimistic point\".</b>In 1937, at the height of the Great Depression, Templeton founded his own firm, Templeton, Dobbrow & Vance (TDV).<b>In 1939, amid the double terror of the Great Depression and war, the thirty-six-year-old Templeton borrowed $10,000 to buy 104 companies, each with 100 shares of stock.</b>A few years later, the value of the entire portfolio rebounded significantly, and the success of 100 of these companies earned Templeton his first pot of gold.<b>By 1967, he had more than $400 million under management.</b>Templeton founded the world's largest and most successful Templeton Mutual Fund Group, and his fund company never hired salespeople and relied entirely on investment performance to attract customers.<b>By 1992, his assets under management had reached $22 billion.</b></p><p><b>Globally, we are identifying and seeking countries and industries that have hit rock bottom but still have excellent prospects.</b>In 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>He seized the opportunity before other investors, and after he bought in, the Japanese stock market surged.<b>Later, he realized that the Japanese stock market was overvalued.</b>In 1988, he told shareholders that the Japanese stock market would shrink by 50% or even more. At the same time, he discovered new investment opportunities.<b>Rejoin the United States.</b></p><p><b>7.2 Investment Quotes</b></p><p><b>1) Blood splattering on the streets is the best time to buy.</b></p><p><b>2) Bull markets are born in pessimism, grow in doubt, mature in optimism, and die in excitement.</b></p><p>3) Even if everyone around you is selling, you don't need to follow suit, because<b>The best time to sell is before the stock market crashes, not after.</b></p><p>4) You should examine your portfolio.<b>The only reason to sell existing stock is that there are more attractive stocks available.</b>If not, you should continue to hold your shares.</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":4722,"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":[],"title":"","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":"EraGrowth_Wealth","avatar":"https://community-static.tradeup.com/news/c22fad1649443d817dea3cbc957a1314","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":4010,"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":[],"title":"","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":"sh","language":"zh","title":"Last night and this morning | The Nasdaq fell into a bear market! Energy prices surge, European stocks enter bear market","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>Abstract: ① U.S. stocks closed sharply lower on Monday, with the S&P 500 down nearly 3% and the Nasdaq Composite down more than 3%, entering a bear market; ② Commodity futures surged again, with LME nickel prices rising nearly 80% at one point; ③ The third round of Russia-Ukraine negotiations yielded no substantial results, and ceasefire consultations will continue; ④ The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year. Overseas markets</p><p>1. Closing: US stocks closed lower, with the Dow Jones Industrial Average falling 800 points due to conflict and inflation concerns.</p><p>U.S. stocks closed sharply lower on Monday, with the S&P 500 falling nearly 3%, its biggest drop in over a year, the Dow Jones Industrial Average falling nearly 800 points, and the Nasdaq Composite falling more than 3%, entering a bear market, all hitting new one-year lows. The Dow Jones Industrial Average fell 2.37%, the Nasdaq Composite fell 3.62%, and the S&P 500 fell 2.95%.</p><p>2. Most popular Chinese concept stocks closed lower on Monday.<a href=\"https://laohu8.com/S/NIU\">Niu Electric</a>Down nearly 17%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Down more than 8%</p><p>Most popular Chinese concept stocks closed lower on Monday, with Niu Technologies falling nearly 17% after its financial report showed that Q4 net profit fell 18% year-on-year.<a href=\"https://laohu8.com/S/LAIX\">Fluent Theory</a>It fell by more than 17%, and Bilibili fell by more than 8%; New energy vehicle stocks declined.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell nearly 8%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It fell more than 5%.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/SPI\">solar power</a>Up more than 28%,<a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>It rose more than 21%, and Yiqi 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\">micro-beauty holographic</a>It rose more than 6%.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose more than 4%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose more than 3%.</p><p>3. The US may boycott Russian crude oil; US WTI crude oil closed up 3.2%.</p><p>Crude oil futures prices were supported as the US, UK, and other countries considered banning Russian oil imports. West Texas Intermediate (WTI) crude oil for April delivery on the New York Mercantile Exchange rose $3.72, or 3.2%, to settle at $119.40 a barrel. According to FactSet data, this is the highest closing price since September 2008, based on near-month contracts. WTI crude oil rose 26.30% last week.</p><p>4. Brent crude once approached $140; the possibility of a Russian oil embargo has raised crisis concerns.</p><p>Oil prices experienced their largest single-day volatility in history, having previously surged to nearly $140 before falling back as the United States indicated it was considering banning imports of Russian crude oil, exacerbating the possibility of supply shortages.</p><p>Brent crude oil prices fell back to around $121. Such oil price levels are exacerbating concerns about a major inflationary shock to the global economy. Sources familiar with the matter say the Biden administration is considering whether to ban Russian oil imports, at least initially, without the participation of European allies. Germany said it had no plans to suspend imports of Russian energy, exacerbating market volatility.</p><p>5. Gold futures closed up 1.5% on Monday, briefly breaking through the $2,000 mark during the session.</p><p>Gold futures closed higher on Monday, hitting their highest closing price since August 2020. The renewed escalation of the Russia-Ukraine conflict has fueled risk aversion, pushing gold futures prices above the $2,000 per ounce mark on Monday.</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $29.30, or 1.5%, to settle at $1,995.90 an ounce, before rising as high as $2,007.50 an ounce during the session.</p><p>6. European stock markets fell into a bear market amid soaring energy prices.</p><p>European stock markets fell to their lowest level in a year, with the DAX index and the Eurozone Stoxx 50 index closing in a bear market as soaring oil prices raised concerns that high inflation would damage economic growth.</p><p>The DAX index closed down 2% to its lowest level since November 2020, and has fallen 21% from its record high in January. The Eurozone Stoxx 50 index closed down 1.2%, also in a bear market.</p><p>7. European natural gas prices surge 79%, market chaos drives prices to record highs.</p><p>European benchmark natural gas futures surged 79% to the equivalent of more than $600 per barrel of crude oil, marking the most chaotic trading conditions in history. The surge could trigger massive margin calls, prompting companies to buy exchange-traded contracts to avoid paying cash, which in turn could lead to a further surge in futures prices.</p><p>Related to the situation between Russia and</p><p>1. The third round of Russia-Ukraine talks yielded no substantial results; ceasefire negotiations will continue.</p><p>Following the conclusion of the third round of Russia-Ukraine negotiations, a member of the Ukrainian delegation stated that consultations with Russia on a ceasefire and cessation of hostilities would continue, and that no substantial results had been achieved so far. Ukrainian Presidential Advisor Podolyak also stated that the third round of Russia-Ukraine talks failed to achieve any results that could substantially improve the situation.</p><p>The head of the Russian delegation, Mezinsky, stated that Russia hopes the humanitarian corridor will begin operating tomorrow, and Ukraine has provided assurances regarding this. Russia's expected goals for talks with Ukraine in the Brest region have failed to materialize.</p><p>2. The impact of the Russia-Ukraine war is already evident on food shelves in many countries, and concerns about a global food crisis are rising.</p><p>The impact of Russia's military operation in Ukraine on global crop markets is already visible on store shelves.</p><p>Fears of soaring sunflower oil prices led to a buying frenzy in Türkiye over the weekend, with a video of people scrambling for lower-priced sunflower oil in a store sparking heated discussions. Some chain supermarket 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 rising costs. In the Greater Cairo area, a pack of five pieces of flatbread costs about 7.5 Egyptian pounds ($0.48), compared to 5 Egyptian pounds a week ago.</p><p>3. The Ukraine-Russia conflict is disrupting the global shipping industry, and ocean freight rates may rise two to three times.</p><p>The Ukraine-Russia war could disrupt the global shipping industry, which is recovering from the COVID-19 pandemic. As sanctions begin to impact trade, Maersk (AMKBY.US) and Mediterranean Shipping, the largest Shipping container groups, have suspended bookings to and from Russia.</p><p>Ocean freight rates could even rise two to three times from the current price of $10,000 per 40-foot container, according to Glenn Kupk of supply chain consultancy FourKites.</p><p>International macro</p><p>1. The EU plans to reduce its reliance on Russian natural gas by nearly 80% this year.</p><p>According to two officials familiar with the matter, the European Commission is planning a path to end its dependence on Russian natural gas, which could lead to a nearly 80% reduction in import demand this year. In an effort to weaken the Kremlin's leverage, the European Commission revised its energy strategy following Russian President Vladimir Putin's military operation against Ukraine. An official said the plan, which will be submitted on Tuesday, includes finding new sources of natural gas and improving energy efficiency, with the goal of eliminating dependence on Russia well before 2030.</p><p>2. U.S. Senators 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 they have reached an agreement on the outline of a bill to sanction Russia, saying they will jointly draft legislation to suspend normal trade relations with Russia and Belarus and authorize the Biden administration to raise tariffs on 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 Gold and Silver Market Association said on Monday that it has suspended the qualifications of all six Russian gold and silver smelters as good suppliers following sanctions imposed on Russia by the United States, the European Union, and the United Kingdom. Products manufactured by these companies before their eligibility was suspended will still be accepted.</p><p>4. The British Prime Minister stated that Britain will \"gradually\" reduce its dependence on Russian oil and gas.</p><p>British Prime Minister Boris Johnson said that in the face of tensions between Russia and Ukraine, Britain will \"gradually\" wean itself off its dependence on Russian oil and gas. He also called on Western countries to work together to ensure energy alternatives.</p><p>Following meetings with Canadian Prime Minister Justin Trudeau and Dutch Prime Minister Rutte, Johnson said that Britain would develop a new energy supply strategy in the coming days and noted that Britain was considering using more of its own fossil fuels. However, he also emphasized that the UK has not abandoned its commitment to reducing carbon emissions.</p><p>5. The food crisis is urgent; the EU may consider relaxing import bans on genetically modified grains and herbicide-involved crops.</p><p>As major global oil and grain producing regions are embroiled in turmoil, the European Union, which insists on high standards for food imports, is also beginning to worry about its food supply.</p><p>According to media reports on Monday, citing Spanish Agriculture Minister Luis Planas, the European Union may consider temporarily lifting the ban on importing genetically modified grains from the United States and South America to help farmers weather the current chaotic times. Spain and France have also proposed exemptions for those who have used herbicides.<a href=\"https://laohu8.com/S/000061\">agricultural products</a>Imports are primarily aimed at increasing inventories and finding alternative supply channels for important grains, primarily corn, which is also a major source of animal feed.</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1133636608\" target=\"_blank\">Uber raises first-quarter earnings forecast: Consumers eager to travel again</a></p><p>Uber has reportedly raised its first-quarter 2022 earnings forecast due to a faster-than-expected rebound in ride-hailing demand impacted by the pandemic. Uber's stock price rose by about 2% at one point in pre-market trading on March 7. Meanwhile, rival Lyft's stock price also rose by more than 2%.</p><p>In a filing with the U.S. Securities and Exchange Commission (SEC), Uber now expects its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the first quarter of this year to be between $130 million and $150 million, higher than its previous expectation of between $100 million and $130 million.</p><p>2、<a href=\"https://ttm.financial/NW/1185303476\" target=\"_blank\">Intel Autonomous Driving Business Unit Mobileye Secretly Submits IPO Application</a></p><p>According to reports, Intel announced on March 7 that its autonomous vehicle business unit, Mobileye, has secretly submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), proposing to conduct an initial public offering (IPO) of Mobileye shares. Currently, the number and price of new shares to be offered have not been determined. The IPO date will take place after the SEC completes its evaluation process, and the specific timing will depend on market and other conditions.</p><p>3、<a href=\"https://ttm.financial/NW/2217544945\" target=\"_blank\">Tesla's biggest bull: Berlin's \"Gigafactory\" approved, clearing up the biggest suspense for the stock.</a></p><p>Dan Ives, a well-known Tesla bull and analyst at investment bank Wedbush, said in a report to investors on March 6 that the approval of the Berlin Gigafactory for production is crucial for Tesla.</p><p>Ives wrote, \"The 'biggest suspense' for Tesla stock has been eliminated after German authorities said Tesla could begin production at its new factory in Berlin.\"</p><p>4、<a href=\"https://ttm.financial/NW/2217448301\" target=\"_blank\">Wedbush: Gives Apple an \"Outperform\" rating for its upcoming spring product launch event.</a></p><p>Apple will hold its 2022 Spring Event at 10:00 a.m. local time on March 8 (2:00 a.m. Beijing time on March 9). The market widely expects it to launch a new iPhone SE with 5G capabilities, as well as new iPad Airs and Macs 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 with a target price of $200.</p><p>5、<a href=\"https://ttm.financial/NW/2217415574\" target=\"_blank\">Coal giant Peabody plunged more than 24% at one point, forcing it to add large amounts of margin as coal prices soared.</a></p><p>On Monday, March 7, Peabody Energy, the world's largest privately held coal company, plummeted by more than 24% in the U.S. stock market, falling sharply from a near three-year high set last Friday since mid-May 2019, nearly erasing all of its gains for the month.</p><p>This is mainly due to the company's announcement stating that...<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>A financing arrangement was reached under which the latter provided a $150 million unsecured, multiple-drawable credit line to support Peabody, whose coal mines are primarily located in the United States and Australia, for its \"potential near-term liquidity needs.\"</p><p>6、<a href=\"https://ttm.financial/NW/2217541424\" target=\"_blank\">Refuse to follow the trend! Uniqlo's founder says he will continue operating in Russia.</a></p><p>Following the escalation of the Russia-Ukraine conflict, Western countries imposed sanctions on Russia, while large European and American companies also withdrew from the country. Despite wave after wave of companies choosing to withdraw from the Russian market, some companies 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 on increasing his holdings in Occidental Petroleum: $4.5 billion invested in five days, buying as much as he could.</a></p><p><a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Chairman Warren Buffett revealed his recent large-scale holdings in an interview on Monday.<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>According to the company's stock history, he spent a whopping $4.5 billion in five trading days last week, buying 91.2 million shares, which is worth more than $5 billion at the current share 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 surge, European stocks enter bear market</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 surge, European stocks enter bear market\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>Abstract: ① U.S. stocks closed sharply lower on Monday, with the S&P 500 down nearly 3% and the Nasdaq Composite down more than 3%, entering a bear market; ② Commodity futures surged again, with LME nickel prices rising nearly 80% at one point; ③ The third round of Russia-Ukraine negotiations yielded no substantial results, and ceasefire consultations will continue; ④ The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year. Overseas markets</p><p>1. Closing: US stocks closed lower, with the Dow Jones Industrial Average falling 800 points due to conflict and inflation concerns.</p><p>U.S. stocks closed sharply lower on Monday, with the S&P 500 falling nearly 3%, its biggest drop in over a year, the Dow Jones Industrial Average falling nearly 800 points, and the Nasdaq Composite falling more than 3%, entering a bear market, all hitting new one-year lows. The Dow Jones Industrial Average fell 2.37%, the Nasdaq Composite fell 3.62%, and the S&P 500 fell 2.95%.</p><p>2. Most popular Chinese concept stocks closed lower on Monday.<a href=\"https://laohu8.com/S/NIU\">Niu Electric</a>Down nearly 17%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Down more than 8%</p><p>Most popular Chinese concept stocks closed lower on Monday, with Niu Technologies falling nearly 17% after its financial report showed that Q4 net profit fell 18% year-on-year.<a href=\"https://laohu8.com/S/LAIX\">Fluent Theory</a>It fell by more than 17%, and Bilibili fell by more than 8%; New energy vehicle stocks declined.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell nearly 8%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It fell more than 5%.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/SPI\">solar power</a>Up more than 28%,<a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>It rose more than 21%, and Yiqi 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\">micro-beauty holographic</a>It rose more than 6%.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose more than 4%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose more than 3%.</p><p>3. The US may boycott Russian crude oil; US WTI crude oil closed up 3.2%.</p><p>Crude oil futures prices were supported as the US, UK, and other countries considered banning Russian oil imports. West Texas Intermediate (WTI) crude oil for April delivery on the New York Mercantile Exchange rose $3.72, or 3.2%, to settle at $119.40 a barrel. According to FactSet data, this is the highest closing price since September 2008, based on near-month contracts. WTI crude oil rose 26.30% last week.</p><p>4. Brent crude once approached $140; the possibility of a Russian oil embargo has raised crisis concerns.</p><p>Oil prices experienced their largest single-day volatility in history, having previously surged to nearly $140 before falling back as the United States indicated it was considering banning imports of Russian crude oil, exacerbating the possibility of supply shortages.</p><p>Brent crude oil prices fell back to around $121. Such oil price levels are exacerbating concerns about a major inflationary shock to the global economy. Sources familiar with the matter say the Biden administration is considering whether to ban Russian oil imports, at least initially, without the participation of European allies. Germany said it had no plans to suspend imports of Russian energy, exacerbating market volatility.</p><p>5. Gold futures closed up 1.5% on Monday, briefly breaking through the $2,000 mark during the session.</p><p>Gold futures closed higher on Monday, hitting their highest closing price since August 2020. The renewed escalation of the Russia-Ukraine conflict has fueled risk aversion, pushing gold futures prices above the $2,000 per ounce mark on Monday.</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $29.30, or 1.5%, to settle at $1,995.90 an ounce, before rising as high as $2,007.50 an ounce during the session.</p><p>6. European stock markets fell into a bear market amid soaring energy prices.</p><p>European stock markets fell to their lowest level in a year, with the DAX index and the Eurozone Stoxx 50 index closing in a bear market as soaring oil prices raised concerns that high inflation would damage economic growth.</p><p>The DAX index closed down 2% to its lowest level since November 2020, and has fallen 21% from its record high in January. The Eurozone Stoxx 50 index closed down 1.2%, also in a bear market.</p><p>7. European natural gas prices surge 79%, market chaos drives prices to record highs.</p><p>European benchmark natural gas futures surged 79% to the equivalent of more than $600 per barrel of crude oil, marking the most chaotic trading conditions in history. The surge could trigger massive margin calls, prompting companies to buy exchange-traded contracts to avoid paying cash, which in turn could lead to a further surge in futures prices.</p><p>Related to the situation between Russia and</p><p>1. The third round of Russia-Ukraine talks yielded no substantial results; ceasefire negotiations will continue.</p><p>Following the conclusion of the third round of Russia-Ukraine negotiations, a member of the Ukrainian delegation stated that consultations with Russia on a ceasefire and cessation of hostilities would continue, and that no substantial results had been achieved so far. Ukrainian Presidential Advisor Podolyak also stated that the third round of Russia-Ukraine talks failed to achieve any results that could substantially improve the situation.</p><p>The head of the Russian delegation, Mezinsky, stated that Russia hopes the humanitarian corridor will begin operating tomorrow, and Ukraine has provided assurances regarding this. Russia's expected goals for talks with Ukraine in the Brest region have failed to materialize.</p><p>2. The impact of the Russia-Ukraine war is already evident on food shelves in many countries, and concerns about a global food crisis are rising.</p><p>The impact of Russia's military operation in Ukraine on global crop markets is already visible on store shelves.</p><p>Fears of soaring sunflower oil prices led to a buying frenzy in Türkiye over the weekend, with a video of people scrambling for lower-priced sunflower oil in a store sparking heated discussions. Some chain supermarket 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 rising costs. In the Greater Cairo area, a pack of five pieces of flatbread costs about 7.5 Egyptian pounds ($0.48), compared to 5 Egyptian pounds a week ago.</p><p>3. The Ukraine-Russia conflict is disrupting the global shipping industry, and ocean freight rates may rise two to three times.</p><p>The Ukraine-Russia war could disrupt the global shipping industry, which is recovering from the COVID-19 pandemic. As sanctions begin to impact trade, Maersk (AMKBY.US) and Mediterranean Shipping, the largest Shipping container groups, have suspended bookings to and from Russia.</p><p>Ocean freight rates could even rise two to three times from the current price of $10,000 per 40-foot container, according to Glenn Kupk of supply chain consultancy FourKites.</p><p>International macro</p><p>1. The EU plans to reduce its reliance on Russian natural gas by nearly 80% this year.</p><p>According to two officials familiar with the matter, the European Commission is planning a path to end its dependence on Russian natural gas, which could lead to a nearly 80% reduction in import demand this year. In an effort to weaken the Kremlin's leverage, the European Commission revised its energy strategy following Russian President Vladimir Putin's military operation against Ukraine. An official said the plan, which will be submitted on Tuesday, includes finding new sources of natural gas and improving energy efficiency, with the goal of eliminating dependence on Russia well before 2030.</p><p>2. U.S. Senators 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 they have reached an agreement on the outline of a bill to sanction Russia, saying they will jointly draft legislation to suspend normal trade relations with Russia and Belarus and authorize the Biden administration to raise tariffs on 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 Gold and Silver Market Association said on Monday that it has suspended the qualifications of all six Russian gold and silver smelters as good suppliers following sanctions imposed on Russia by the United States, the European Union, and the United Kingdom. Products manufactured by these companies before their eligibility was suspended will still be accepted.</p><p>4. The British Prime Minister stated that Britain will \"gradually\" reduce its dependence on Russian oil and gas.</p><p>British Prime Minister Boris Johnson said that in the face of tensions between Russia and Ukraine, Britain will \"gradually\" wean itself off its dependence on Russian oil and gas. He also called on Western countries to work together to ensure energy alternatives.</p><p>Following meetings with Canadian Prime Minister Justin Trudeau and Dutch Prime Minister Rutte, Johnson said that Britain would develop a new energy supply strategy in the coming days and noted that Britain was considering using more of its own fossil fuels. However, he also emphasized that the UK has not abandoned its commitment to reducing carbon emissions.</p><p>5. The food crisis is urgent; the EU may consider relaxing import bans on genetically modified grains and herbicide-involved crops.</p><p>As major global oil and grain producing regions are embroiled in turmoil, the European Union, which insists on high standards for food imports, is also beginning to worry about its food supply.</p><p>According to media reports on Monday, citing Spanish Agriculture Minister Luis Planas, the European Union may consider temporarily lifting the ban on importing genetically modified grains from the United States and South America to help farmers weather the current chaotic times. Spain and France have also proposed exemptions for those who have used herbicides.<a href=\"https://laohu8.com/S/000061\">agricultural products</a>Imports are primarily aimed at increasing inventories and finding alternative supply channels for important grains, primarily corn, which is also a major source of animal feed.</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1133636608\" target=\"_blank\">Uber raises first-quarter earnings forecast: Consumers eager to travel again</a></p><p>Uber has reportedly raised its first-quarter 2022 earnings forecast due to a faster-than-expected rebound in ride-hailing demand impacted by the pandemic. Uber's stock price rose by about 2% at one point in pre-market trading on March 7. Meanwhile, rival Lyft's stock price also rose by more than 2%.</p><p>In a filing with the U.S. Securities and Exchange Commission (SEC), Uber now expects its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the first quarter of this year to be between $130 million and $150 million, higher than its previous expectation of between $100 million and $130 million.</p><p>2、<a href=\"https://ttm.financial/NW/1185303476\" target=\"_blank\">Intel Autonomous Driving Business Unit Mobileye Secretly Submits IPO Application</a></p><p>According to reports, Intel announced on March 7 that its autonomous vehicle business unit, Mobileye, has secretly submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), proposing to conduct an initial public offering (IPO) of Mobileye shares. Currently, the number and price of new shares to be offered have not been determined. The IPO date will take place after the SEC completes its evaluation process, and the specific timing will depend on market and other conditions.</p><p>3、<a href=\"https://ttm.financial/NW/2217544945\" target=\"_blank\">Tesla's biggest bull: Berlin's \"Gigafactory\" approved, clearing up the biggest suspense for the stock.</a></p><p>Dan Ives, a well-known Tesla bull and analyst at investment bank Wedbush, said in a report to investors on March 6 that the approval of the Berlin Gigafactory for production is crucial for Tesla.</p><p>Ives wrote, \"The 'biggest suspense' for Tesla stock has been eliminated after German authorities said Tesla could begin production at its new factory in Berlin.\"</p><p>4、<a href=\"https://ttm.financial/NW/2217448301\" target=\"_blank\">Wedbush: Gives Apple an \"Outperform\" rating for its upcoming spring product launch event.</a></p><p>Apple will hold its 2022 Spring Event at 10:00 a.m. local time on March 8 (2:00 a.m. Beijing time on March 9). The market widely expects it to launch a new iPhone SE with 5G capabilities, as well as new iPad Airs and Macs 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 with a target price of $200.</p><p>5、<a href=\"https://ttm.financial/NW/2217415574\" target=\"_blank\">Coal giant Peabody plunged more than 24% at one point, forcing it to add large amounts of margin as coal prices soared.</a></p><p>On Monday, March 7, Peabody Energy, the world's largest privately held coal company, plummeted by more than 24% in the U.S. stock market, falling sharply from a near three-year high set last Friday since mid-May 2019, nearly erasing all of its gains for the month.</p><p>This is mainly due to the company's announcement stating that...<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>A financing arrangement was reached under which the latter provided a $150 million unsecured, multiple-drawable credit line to support Peabody, whose coal mines are primarily located in the United States and Australia, for its \"potential near-term liquidity needs.\"</p><p>6、<a href=\"https://ttm.financial/NW/2217541424\" target=\"_blank\">Refuse to follow the trend! Uniqlo's founder says he will continue operating in Russia.</a></p><p>Following the escalation of the Russia-Ukraine conflict, Western countries imposed sanctions on Russia, while large European and American companies also withdrew from the country. Despite wave after wave of companies choosing to withdraw from the Russian market, some companies 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 on increasing his holdings in Occidental Petroleum: $4.5 billion invested in five days, buying as much as he could.</a></p><p><a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Chairman Warren Buffett revealed his recent large-scale holdings in an interview on Monday.<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>According to the company's stock history, he spent a whopping $4.5 billion in five trading days last week, buying 91.2 million shares, which is worth more than $5 billion at the current share 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":{"SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","BK4550":"红杉资本持仓","BK4561":"索罗斯持仓","TQQQ":"纳指三倍做多ETF","BK4534":"瑞士信贷持仓","PSQ":"做空纳斯达克100指数ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares",".SPX":"S&P 500 Index","QLD":"2倍做多纳斯达克100指数ETF-ProShares","03086":"华夏纳指",".DJI":"道琼斯"},"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,"NQmain":0.9,".DJI":0.9,"QQQ":0.9,".SPX":0.9,"QLD":0.9,"SQQQ":0.9,"03086":0.9,"PSQ":0.9,"TQQQ":0.9,".IXIC":0.9,"QID":0.9}},"isVote":1,"tweetType":1,"viewCount":5305,"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,"idStr":"4098191840350010","authorIdStr":"4098191840350010"},"themes":[],"title":"","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 | Undeterred by the CPI! US stocks continue to surge","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, with the Nasdaq up 2.08% and Chinese concept stocks generally rising; ② Gold hit its highest closing price in two weeks; ③ London Aluminum is further approaching its historical high; ④ The imminent release of US inflation data may become a clue to whether the Federal Reserve will rate hike by 50 basis points. Overseas markets</p><p>1. European and American stock markets collectively closed higher! Tech stocks surged, with the Nasdaq rising over 2%.</p><p>The three major U.S. stock indexes all closed higher. The sell-off in U.S. Treasury bonds has paused, with the 10-year Treasury yield, which was approaching 2% on Tuesday, temporarily breaking away from its highest level in more than two years. This eased some of the pressure on technology stocks and gave a breather to markets that had been hit hard in recent weeks by worries about tightening monetary policy.</p><p>At the close, the Dow Jones Industrial Average rose 0.86%, the Nasdaq Composite rose 2.08%, and the S&P 500 rose 1.45%.</p><p>Most major U.S. tech stocks rose, with Meta's share price rising 5.4%, marking its biggest single-day gain since April 29, 2021.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>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>It closed up nearly 1.1%, only<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell slightly by 0.14%.</p><p>2. Popular Chinese concept stocks generally closed higher on Wednesday, with new energy vehicle and education stocks surging.</p><p><a href=\"https://laohu8.com/S/DDL\">Dingdong Grocery Store</a>Up nearly 22%<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Up more than 13%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 6%.<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>It 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 Inc.</a>It rose by more than 2%.</p><p>Among education stocks,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose by over 12%.<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose more than 4%.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose nearly 3%; Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Up more than 9%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles rose more than 5%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose nearly 4%.</p><p>3. European stocks closed higher across the board, with major indices rising by more than 1%.</p><p>Germany's DAX30 index rose 1.59%, and 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 rose 1.96%, Italy's FTSE MIB rose 2.66%, and Europe's Stoxx 50 rose 1.82%.</p><p>4. Gold futures closed 0.5% higher on Wednesday, hitting their highest closing price in two weeks.</p><p>Gold prices rose for the fourth consecutive trading day as a decline in the US dollar and US Treasury Bond yields boosted the attractiveness of safe-haven metals.</p><p>Adam Koos, president of Libertas Wealth Management Group, said that the US dollar clearly has a long-term and short-term link with inflation, and its volatility can explain the fluctuations in metal prices. He noted that investors are awaiting 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 settle at $1,836.60 an ounce, their highest closing price since January 26.</p><p>5. US WTI crude oil futures closed 0.3% higher 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 recent weakness in crude oil prices,\" but the two countries \"still have a long way to go before any agreement that could bring about new crude oil supplies.\"</p><p>West Texas Intermediate (WTI) crude oil 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 attempted to dispel aggressive rate hike bets, causing bonds in many countries to rise.</p><p>The Italian 10-year Treasury Bond yield ended its seventh consecutive day of gains, while the yield on German bonds of the same maturity fell by as much as 5 basis points, poised to end its longest winning streak on record.</p><p>Bank of France Governor Francois Villeroy de Galhau said investors may have overreacted to the ECB's hawkish shift.</p><p>The Bank of England's chief economist, Huw Pill, called for monetary policy measures to be rational and measured, expressing concern about taking unusually aggressive measures to tighten them. Subsequently, the UK's two-year Treasury Bond—the bond most sensitive to policy changes—held its growth.</p><p>Yields fell 3 basis points to 1.30%, retreating from a more than 10-year high reached on Tuesday.</p><p>7. LME aluminum further approaches its historical high, while LME copper breaks through the $10,000 mark.</p><p>Industrial metals rose across the board, with LME aluminum maintaining its upward trend for several consecutive days, further approaching the historical high set in 2008. However, the gains were slightly less than those of LME copper, which rose nearly 3% and broke through the $10,000 mark for the first time in four weeks.</p><p>Gold futures rose for four consecutive days, hitting a three-week high, supported by a decline in the US dollar and US Treasury yields.</p><p>International macro</p><p>1. Federal Reserve's Mester: Supports rate hike at a faster pace than the last cycle.</p><p>Cleveland Federal Reserve President Loretta Mester said she expects a faster rate hike to be appropriate because inflation has risen significantly and the labor market is much tighter compared to 2015.</p><p>“Inflation still faces upside risks,” but the number and speed of the Federal Reserve’s rate hike will “depend on how the economic situation develops,” Mester said in a prepared speech at a video conference hosted by the European Economic and Financial Centre. She reiterated her support for the March rate hike.</p><p>2. Federal Reserve's Bostic: There may be three or more rate hike this year, but it depends on how the economy reacts.</p><p>Atlanta Federal Reserve President Raphael Bostic said on Wednesday that he expects to rate hike three to four times this year, but emphasized that the Fed has not locked in a specific plan.</p><p>Bostic's views on rate hike are not as aggressive as the market expects. “On the rate hike side, I now expect three times this year,” he said. “I’m a little inclined towards four times, but we’ll have to see how the economy reacts when we take the first policy step in the first half of this year.”</p><p>3. The impending release of major inflation data may reveal clues about whether the Federal Reserve may rate hike by 50 basis points.</p><p>One of the most important data points to be released ahead of the Federal Reserve's March meeting will be the January Consumer Price Index (CPI), to be released on Thursday. Federal Reserve Chairman Jerome Powell has hinted that the March meeting will trigger rate hike.</p><p>The January CPI is expected to rise 7.2% year-on-year, the largest increase since 1982. This may prompt the Federal Reserve to consider rate hike by 50 basis points for the first time since 2000, instead of the usual 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 a significant step toward funding the federal government year-round.</p><p>They agreed on a broad framework that would allow them to add details in the coming weeks before passing a fiscal spending package that could reach $1.5 trillion.</p><p>5. Not only senior Federal Reserve officials, but also members of the U.S. Congress are expected to vote on a stock trading ban this year.</p><p>Do you remember the new trading rules imposed by the Federal Reserve last year, which prohibited the buying and selling of individual stocks and bonds by \"its own people,\" following a series of stock speculation scandals involving senior Federal Reserve officials? It is possible that in the near future, stock trading by members of the U.S. Congress and their relatives may also be banned.</p><p>According to a CNBC report on Wednesday, substantial progress is expected on a bill banning U.S. lawmakers and their relatives from stock trading, following a shift in House Speaker Nancy Pelosi's stance and Senate Majority Leader Schumer's support for the ban.</p><p>6. Bank reserves may decrease by up to $500 billion in the \"early\" phase of the Federal Reserve's quantitative tightening.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It is pointed out that as the Federal Reserve begins quantitative tightening, liquidity withdrawal may first be reflected in allowing banks to reduce excess reserves, and the rate of decline in reserves is expected to be faster than the rate of decline in the use of the Fed's overnight reverse repurchase tools.</p><p>In a report dated February 9, Mark Cabana and Katie Craig wrote that this process has already begun, and in the early stages of quantitative tightening, bank reserves may decrease by $250-500 billion.</p><p>7. U.S. used car prices hit a new high, but the tightest period in the supply chain may be over.</p><p>The largest car in the United States<a href=\"https://laohu8.com/S/300959\">Online and offline</a>The Manheim Used Vehicle Value Index, under the O2O trading platform Cox Automotive, was basically unchanged in January of this year compared to December of last year, up only 0.04% month-on-month.</p><p>This index tracks the wholesale price at which U.S. car dealers purchase used cars for sale, as well as the type and mileage of used cars purchased by dealers. Analysts say the latest data sends a strong signal that U.S. used car prices, which have surged over the past year, are stabilizing.</p><p>8. The Bank of England's chief economist hinted that the central bank will not sell off UK bonds anytime soon.</p><p>Bank of England Chief Economist Huw Pill dampened market expectations that the central bank would soon begin selling off UK Treasury Bond once interest rates reached 1%.</p><p>Speaking to the Society of Professional Economists on Wednesday, Pill said: \"A 1% interest rate is not a trigger point. It is just a factor to consider.\"</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1104459137\" target=\"_blank\">ARM is most likely to list on Nasdaq: it will deal a major blow to London.</a></p><p>Analysts say this will affect the British government and<a href=\"https://laohu8.com/S/LSE.UK\">London Stock Exchange</a>It caused a major blow.</p><p>Yesterday,<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>NVIDIA and SoftBank Group jointly announced that they have decided to terminate their previously agreed-upon acquisition of ARM. After the deal was canceled, SoftBank planned to list ARM by March 2023. SoftBank CEO Masayoshi Son said today that ARM may list on Nasdaq in the United States, rather than in the United Kingdom.</p><p>Masayoshi Son said, \"Regarding the location of ARM's listing, the United States is the market we are considering, most likely Nasdaq. But no matter where it is, the United States is the location we expect ARM to list.\"</p><p>2、<a href=\"https://ttm.financial/NW/2210552817\" target=\"_blank\">Third time this month! Tesla recalled another 26,681 vehicles.</a></p><p>Tesla stated that no injuries or accidents have been found related to the recall, but the NHTSA indicated that in some cases, Tesla vehicles may reduce windshield visibility, increasing the risk of collisions.</p><p>There are not many options left for investors. First, investors should pay attention to recall data, which is only natural. In addition, investors should have a better understanding of the overall quality of the vehicle. In the long run, quality is enough to change market share and stock price. Fortunately, tracking vehicle quality is not hopeless.</p><p>3、<a href=\"https://ttm.financial/NW/2210155121\" target=\"_blank\">Samsung released its new Galaxy S22 series, which will be available globally on the 25th.</a></p><p>The Galaxy S22 series still consists of three models: S22, S22+, and S22 Ultra. The S22 and S22+ feature 6.1-inch and 6.6-inch straight screen designs respectively, while the S22 Ultra features 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: Chip supply shortages 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, with the supply situation not improving until 2025-2030, when Intel and other manufacturers will increase wafer factory output to meet growing demand and technological upgrades.</p><p>5、<a href=\"https://ttm.financial/NW/2210639695\" target=\"_blank\">Centennial Disney's revenue increased by 34% year-over-year, and its stock price surged 8% in after-hours trading.</a></p><p>Financial reports show that Disney's first-quarter revenue was $21.82 billion, boosted by its theme parks and resorts business, exceeding analysts' expectations of $20.91 billion. Its streaming service Disney+ added nearly 12 million subscribers to 129.8 million, also exceeding analysts' expectations of 125.75 million.</p><p>6、<a href=\"https://laohu8.com/NW/2210563013\" target=\"_blank\">Uber's Q4 earnings report exceeded expectations, sending its stock price up more than 5% in after-hours trading.</a></p><p>After the US stock market closed on Wednesday, February 9th (Eastern Time),<a href=\"https://laohu8.com/S/UBER\">Uber</a>Announcement of fourth quarter and full year 2021 results. Financial reports show that Uber's Q4 revenue was $5.778 billion, an 83% year-over-year increase from $3.165 billion in the same period last year, exceeding market expectations of $5.357 billion; 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 $0.44, compared to a loss of $0.54 in the same period last year, and the market expected a loss of $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 | Undeterred by the CPI! US stocks continue to surge</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 | Undeterred by the CPI! US stocks continue to surge\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, with the Nasdaq up 2.08% and Chinese concept stocks generally rising; ② Gold hit its highest closing price in two weeks; ③ London Aluminum is further approaching its historical high; ④ The imminent release of US inflation data may become a clue to whether the Federal Reserve will rate hike by 50 basis points. Overseas markets</p><p>1. European and American stock markets collectively closed higher! Tech stocks surged, with the Nasdaq rising over 2%.</p><p>The three major U.S. stock indexes all closed higher. The sell-off in U.S. Treasury bonds has paused, with the 10-year Treasury yield, which was approaching 2% on Tuesday, temporarily breaking away from its highest level in more than two years. This eased some of the pressure on technology stocks and gave a breather to markets that had been hit hard in recent weeks by worries about tightening monetary policy.</p><p>At the close, the Dow Jones Industrial Average rose 0.86%, the Nasdaq Composite rose 2.08%, and the S&P 500 rose 1.45%.</p><p>Most major U.S. tech stocks rose, with Meta's share price rising 5.4%, marking its biggest single-day gain since April 29, 2021.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>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>It closed up nearly 1.1%, only<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell slightly by 0.14%.</p><p>2. Popular Chinese concept stocks generally closed higher on Wednesday, with new energy vehicle and education stocks surging.</p><p><a href=\"https://laohu8.com/S/DDL\">Dingdong Grocery Store</a>Up nearly 22%<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Up more than 13%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 6%.<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>It 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 Inc.</a>It rose by more than 2%.</p><p>Among education stocks,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose by over 12%.<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose more than 4%.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose nearly 3%; Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Up more than 9%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles rose more than 5%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose nearly 4%.</p><p>3. European stocks closed higher across the board, with major indices rising by more than 1%.</p><p>Germany's DAX30 index rose 1.59%, and 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 rose 1.96%, Italy's FTSE MIB rose 2.66%, and Europe's Stoxx 50 rose 1.82%.</p><p>4. Gold futures closed 0.5% higher on Wednesday, hitting their highest closing price in two weeks.</p><p>Gold prices rose for the fourth consecutive trading day as a decline in the US dollar and US Treasury Bond yields boosted the attractiveness of safe-haven metals.</p><p>Adam Koos, president of Libertas Wealth Management Group, said that the US dollar clearly has a long-term and short-term link with inflation, and its volatility can explain the fluctuations in metal prices. He noted that investors are awaiting 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 settle at $1,836.60 an ounce, their highest closing price since January 26.</p><p>5. US WTI crude oil futures closed 0.3% higher 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 recent weakness in crude oil prices,\" but the two countries \"still have a long way to go before any agreement that could bring about new crude oil supplies.\"</p><p>West Texas Intermediate (WTI) crude oil 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 attempted to dispel aggressive rate hike bets, causing bonds in many countries to rise.</p><p>The Italian 10-year Treasury Bond yield ended its seventh consecutive day of gains, while the yield on German bonds of the same maturity fell by as much as 5 basis points, poised to end its longest winning streak on record.</p><p>Bank of France Governor Francois Villeroy de Galhau said investors may have overreacted to the ECB's hawkish shift.</p><p>The Bank of England's chief economist, Huw Pill, called for monetary policy measures to be rational and measured, expressing concern about taking unusually aggressive measures to tighten them. Subsequently, the UK's two-year Treasury Bond—the bond most sensitive to policy changes—held its growth.</p><p>Yields fell 3 basis points to 1.30%, retreating from a more than 10-year high reached on Tuesday.</p><p>7. LME aluminum further approaches its historical high, while LME copper breaks through the $10,000 mark.</p><p>Industrial metals rose across the board, with LME aluminum maintaining its upward trend for several consecutive days, further approaching the historical high set in 2008. However, the gains were slightly less than those of LME copper, which rose nearly 3% and broke through the $10,000 mark for the first time in four weeks.</p><p>Gold futures rose for four consecutive days, hitting a three-week high, supported by a decline in the US dollar and US Treasury yields.</p><p>International macro</p><p>1. Federal Reserve's Mester: Supports rate hike at a faster pace than the last cycle.</p><p>Cleveland Federal Reserve President Loretta Mester said she expects a faster rate hike to be appropriate because inflation has risen significantly and the labor market is much tighter compared to 2015.</p><p>“Inflation still faces upside risks,” but the number and speed of the Federal Reserve’s rate hike will “depend on how the economic situation develops,” Mester said in a prepared speech at a video conference hosted by the European Economic and Financial Centre. She reiterated her support for the March rate hike.</p><p>2. Federal Reserve's Bostic: There may be three or more rate hike this year, but it depends on how the economy reacts.</p><p>Atlanta Federal Reserve President Raphael Bostic said on Wednesday that he expects to rate hike three to four times this year, but emphasized that the Fed has not locked in a specific plan.</p><p>Bostic's views on rate hike are not as aggressive as the market expects. “On the rate hike side, I now expect three times this year,” he said. “I’m a little inclined towards four times, but we’ll have to see how the economy reacts when we take the first policy step in the first half of this year.”</p><p>3. The impending release of major inflation data may reveal clues about whether the Federal Reserve may rate hike by 50 basis points.</p><p>One of the most important data points to be released ahead of the Federal Reserve's March meeting will be the January Consumer Price Index (CPI), to be released on Thursday. Federal Reserve Chairman Jerome Powell has hinted that the March meeting will trigger rate hike.</p><p>The January CPI is expected to rise 7.2% year-on-year, the largest increase since 1982. This may prompt the Federal Reserve to consider rate hike by 50 basis points for the first time since 2000, instead of the usual 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 a significant step toward funding the federal government year-round.</p><p>They agreed on a broad framework that would allow them to add details in the coming weeks before passing a fiscal spending package that could reach $1.5 trillion.</p><p>5. Not only senior Federal Reserve officials, but also members of the U.S. Congress are expected to vote on a stock trading ban this year.</p><p>Do you remember the new trading rules imposed by the Federal Reserve last year, which prohibited the buying and selling of individual stocks and bonds by \"its own people,\" following a series of stock speculation scandals involving senior Federal Reserve officials? It is possible that in the near future, stock trading by members of the U.S. Congress and their relatives may also be banned.</p><p>According to a CNBC report on Wednesday, substantial progress is expected on a bill banning U.S. lawmakers and their relatives from stock trading, following a shift in House Speaker Nancy Pelosi's stance and Senate Majority Leader Schumer's support for the ban.</p><p>6. Bank reserves may decrease by up to $500 billion in the \"early\" phase of the Federal Reserve's quantitative tightening.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It is pointed out that as the Federal Reserve begins quantitative tightening, liquidity withdrawal may first be reflected in allowing banks to reduce excess reserves, and the rate of decline in reserves is expected to be faster than the rate of decline in the use of the Fed's overnight reverse repurchase tools.</p><p>In a report dated February 9, Mark Cabana and Katie Craig wrote that this process has already begun, and in the early stages of quantitative tightening, bank reserves may decrease by $250-500 billion.</p><p>7. U.S. used car prices hit a new high, but the tightest period in the supply chain may be over.</p><p>The largest car in the United States<a href=\"https://laohu8.com/S/300959\">Online and offline</a>The Manheim Used Vehicle Value Index, under the O2O trading platform Cox Automotive, was basically unchanged in January of this year compared to December of last year, up only 0.04% month-on-month.</p><p>This index tracks the wholesale price at which U.S. car dealers purchase used cars for sale, as well as the type and mileage of used cars purchased by dealers. Analysts say the latest data sends a strong signal that U.S. used car prices, which have surged over the past year, are stabilizing.</p><p>8. The Bank of England's chief economist hinted that the central bank will not sell off UK bonds anytime soon.</p><p>Bank of England Chief Economist Huw Pill dampened market expectations that the central bank would soon begin selling off UK Treasury Bond once interest rates reached 1%.</p><p>Speaking to the Society of Professional Economists on Wednesday, Pill said: \"A 1% interest rate is not a trigger point. It is just a factor to consider.\"</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1104459137\" target=\"_blank\">ARM is most likely to list on Nasdaq: it will deal a major blow to London.</a></p><p>Analysts say this will affect the British government and<a href=\"https://laohu8.com/S/LSE.UK\">London Stock Exchange</a>It caused a major blow.</p><p>Yesterday,<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>NVIDIA and SoftBank Group jointly announced that they have decided to terminate their previously agreed-upon acquisition of ARM. After the deal was canceled, SoftBank planned to list ARM by March 2023. SoftBank CEO Masayoshi Son said today that ARM may list on Nasdaq in the United States, rather than in the United Kingdom.</p><p>Masayoshi Son said, \"Regarding the location of ARM's listing, the United States is the market we are considering, most likely Nasdaq. But no matter where it is, the United States is the location we expect ARM to list.\"</p><p>2、<a href=\"https://ttm.financial/NW/2210552817\" target=\"_blank\">Third time this month! Tesla recalled another 26,681 vehicles.</a></p><p>Tesla stated that no injuries or accidents have been found related to the recall, but the NHTSA indicated that in some cases, Tesla vehicles may reduce windshield visibility, increasing the risk of collisions.</p><p>There are not many options left for investors. First, investors should pay attention to recall data, which is only natural. In addition, investors should have a better understanding of the overall quality of the vehicle. In the long run, quality is enough to change market share and stock price. Fortunately, tracking vehicle quality is not hopeless.</p><p>3、<a href=\"https://ttm.financial/NW/2210155121\" target=\"_blank\">Samsung released its new Galaxy S22 series, which will be available globally on the 25th.</a></p><p>The Galaxy S22 series still consists of three models: S22, S22+, and S22 Ultra. The S22 and S22+ feature 6.1-inch and 6.6-inch straight screen designs respectively, while the S22 Ultra features 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: Chip supply shortages 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, with the supply situation not improving until 2025-2030, when Intel and other manufacturers will increase wafer factory output to meet growing demand and technological upgrades.</p><p>5、<a href=\"https://ttm.financial/NW/2210639695\" target=\"_blank\">Centennial Disney's revenue increased by 34% year-over-year, and its stock price surged 8% in after-hours trading.</a></p><p>Financial reports show that Disney's first-quarter revenue was $21.82 billion, boosted by its theme parks and resorts business, exceeding analysts' expectations of $20.91 billion. Its streaming service Disney+ added nearly 12 million subscribers to 129.8 million, also exceeding analysts' expectations of 125.75 million.</p><p>6、<a href=\"https://laohu8.com/NW/2210563013\" target=\"_blank\">Uber's Q4 earnings report exceeded expectations, sending its stock price up more than 5% in after-hours trading.</a></p><p>After the US stock market closed on Wednesday, February 9th (Eastern Time),<a href=\"https://laohu8.com/S/UBER\">Uber</a>Announcement of fourth quarter and full year 2021 results. Financial reports show that Uber's Q4 revenue was $5.778 billion, an 83% year-over-year increase from $3.165 billion in the same period last year, exceeding market expectations of $5.357 billion; 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 $0.44, compared to a loss of $0.54 in the same period last year, and the market expected a loss of $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":5353,"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":[],"title":"","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":4521,"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":[],"title":"","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":"Reports indicate that NIO is expanding its leased office in California and may be preparing to begin 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 understood that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker's U.S. subsidiary recently signed a ten-year lease for an office building in San Jose, California, doubling the current footprint of its headquarters to nearly 18,580 square meters.</p><p>A Mercury News investigation revealed that the lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support Nio Motors' research and digital development, testing, assembly, warehousing, and operations. Previous reports indicated that Nio North America had opened job postings for 46 positions on LinkedIn, including Head of User Infrastructure Construction and Preparedness.</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>Reports indicate that NIO is expanding its leased office in California and may be preparing to begin 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\">\nReports indicate that NIO is expanding its leased office in California and may be preparing to begin 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 understood that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker's U.S. subsidiary recently signed a ten-year lease for an office building in San Jose, California, doubling the current footprint of its headquarters to nearly 18,580 square meters.</p><p>A Mercury News investigation revealed that the lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support Nio Motors' research and digital development, testing, assembly, warehousing, and operations. Previous reports indicated that Nio North America had opened job postings for 46 positions on LinkedIn, including Head of User Infrastructure Construction and Preparedness.</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":4708,"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":[],"title":"","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":"Reports indicate that NIO is expanding its leased office in California and may be preparing to begin 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 understood that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker's U.S. subsidiary recently signed a ten-year lease for an office building in San Jose, California, doubling the current footprint of its headquarters to nearly 18,580 square meters.</p><p>A Mercury News investigation revealed that the lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support Nio Motors' research and digital development, testing, assembly, warehousing, and operations. Previous reports indicated that Nio North America had opened job postings for 46 positions on LinkedIn, including Head of User Infrastructure Construction and Preparedness.</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>Reports indicate that NIO is expanding its leased office in California and may be preparing to begin 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\">\nReports indicate that NIO is expanding its leased office in California and may be preparing to begin 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 understood that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker's U.S. subsidiary recently signed a ten-year lease for an office building in San Jose, California, doubling the current footprint of its headquarters to nearly 18,580 square meters.</p><p>A Mercury News investigation revealed that the lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support Nio Motors' research and digital development, testing, assembly, warehousing, and operations. Previous reports indicated that Nio North America had opened job postings for 46 positions on LinkedIn, including Head of User Infrastructure Construction and Preparedness.</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":4829,"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":[],"title":"","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 Xiaopeng: The Beginning and End of \"Dreamers in the Air\" in Car Manufacturing","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>Despite joining the ranks of top domestic entrepreneurs, He Xiaopeng still hasn't learned to \"tell stories\" to meet audience expectations.</p><p>At the end of 2021, He Xiaopeng was interviewed...<a href=\"https://laohu8.com/S/00700\">Tencent</a>During the interview with the news program \"Caiyue Ni\", he spent most of his time immersed in his imagined world of travel. At the end of the interview, \"Caiyue Ni\" asked him a few quick questions. He got stuck while answering quickly, even though the questions were relatively easy and enjoyable.</p><p>\"Join<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>In four years, what was your happiest moment? \"Wealth Promises You\" asked.</p><p>\"I can't remember,\" He Xiaopeng replied.</p><p>\"Among the post-80s entrepreneurs, which one do you like best: Wang Xing, Zhang Yiming, or Huang Zheng?\" \"Caiyue Ni\" asked again.</p><p>\"It's hard to say.\" After thinking for a second, He Xiaopeng still didn't give an answer.</p><p>This is his usual style. On the one hand, XPeng Motors launched a high-profile \"flying vehicle,\" placing its products in the air, which made the outside world think that the leader of this emerging car manufacturer was arrogant and flamboyant. On the other hand, in his four years of manufacturing cars, He Xiaopeng has never shaken off the character traits of a product manager. He is reserved and cautious, and would rather avoid things he is unsure about than talk nonsense.</p><p>2021 was a year of comeback for XPeng, with deliveries reaching 98,155 vehicles, surpassing...<a href=\"https://laohu8.com/S/NIO\">Nio</a>With Li Auto, the \"Wei Xiaoli\" pattern that has been stable for many years among emerging car manufacturers has become \"Xiao Wei Li\".</p><p>However, with the entry of Huawei and Xiaomi, and the strong efforts of traditional automakers,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>With renewed competition in the automotive industry, a key factor in determining who can go further and more steadily in this battlefield is the character and vision of the founder.</p><p>“Much of a company’s DNA comes from its founder. If the founder saves money, the company will save money too,” He Xiaopeng said. “I come from a technical background, and I pursue technological innovation and product differentiation. I am also quite pragmatic. I hope that these can become a symbol, a mindset, and a culture, and go global.”</p><p>Using his own name as a brand has deeply bound He Xiaopeng and XPeng Motor Company, with both prospering and disgracing each other. He Xiaopeng told \"Caiyue Ni\" that this represents his attitude and responsibility.</p><p>In August and November 2021, \"Caiyue Ni\" conducted two in-depth interviews with He Xiaopeng in Beijing and Guangzhou, attempting to uncover his inner 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>Adventurers who start a second business</b></p><p>At heart, He Xiaopeng is a person who loves to take risks and take risks, which stands in stark contrast to his shy appearance and low-key hairstyle.</p><p>He Xiaopeng, born into an ordinary family in Huangshi, Hubei Province, had never left the province or eaten before the college entrance examination.<a href=\"https://laohu8.com/S/MCD\">McDonald's</a>And I've never been on a plane. At the time, he had a belief that traveling ten thousand miles was worse than reading ten thousand books. When filling out his college application, his only goal was to study outside the province, especially in developed cities like Beijing, Shanghai, and Guangzhou, and to see the outside world. He was eventually admitted to South China University of Technology in Guangzhou.</p><p>Today, He Xiaopeng extends this concept to children's education. As long as their lives and health are not seriously threatened, children can take risks and explore things.</p><p>One of his sons, when he was two years old, was particularly mischievous and full of curiosity about the pressure cooker, and his little hands always wanted to touch it. Most parents would stop it immediately, but He Xiaopeng had a different approach. He grabbed his son's hand and carefully let him touch it. As a result, his son was burned to tears and never dared to touch the pressure cooker again.</p><p>These personality traits were also fully demonstrated in his entrepreneurial process.</p><p>In June 2014, UC Browser, founded by He Xiaopeng, was acquired for a hefty $4 billion.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The acquisition brought him enormous wealth. $4 billion was also the highest merger and acquisition price for the Chinese internet at the time.</p><p>Subsequently, He Xiaopeng joined Alibaba, serving successively as president of Alibaba Mobile Business Group, chairman of Alibaba Games, and president of Tudou. Many people believed that He Xiaopeng would settle down and become a millionaire, and that this product manager would no longer be seen in the entrepreneurial world. But in the same year that he \"cashed out\", He Xiaopeng began to plan his new entrepreneurial venture in the new energy vehicle industry and invested in XPeng Motor, which was then called \"Chengxing Zhidong\".</p><p>“When I first saw smart electric vehicles, I immediately thought of the leap from the Symbian or JAVA era to the intelligent era,” He Xiaopeng said.</p><p>He Xiaopeng founded UC Browser, which transcended the eras of Symbian and intelligence. This experience gave him a natural sensitivity to new changes in traditional industries like automobiles. He felt that when this leap first occurred, people in the industry, being vested interests, were often unwilling to believe in this change.</p><p>It was during this industry's dormant period that he felt he had the opportunity to break through.</p><p>\"People in the internet industry are particularly daring to think, which is a characteristic formed by our long-term work,\" said He Xiaopeng.</p><p>In 2015, He Xiaopeng attended an auto show. What impressed him at the time was that 75 new cars were launched in one day at that auto show, which made him realize that the competition in the automotive industry is far more brutal than in the internet industry.</p><p>\"Imagine if the internet industry released 75 UC Browsers a day, wouldn't it feel pressure? Competition in the automotive industry is a global competition, a competition in technology, a competition in brand and reputation,\" said He Xiaopeng.</p><p>This made He Xiaopeng, who was naturally adventurous, even more determined to \"go into the water\" and give it a try.</p><p><b>\"Talking to people with your head tilted back\"</b></p><p>At that time, the success of UC Browser had accumulated a large network of connections and wealth for He Xiaopeng. When he decided to devote himself to intelligent cars, how to direct these resources to new projects and convince his old friends that he could still endure hardship and start a business was a problem that He Xiaopeng urgently needed to solve. His answer was to go all in first.</p><p>“My friends said, ‘Since you dare to go all in, then we can support you,’” He Xiaopeng said. “If I hadn’t given it my all, working a nine-to-five job every day and putting my money into financial management, how could anyone believe me?”</p><p>After devoting himself to starting a business in intelligent cars, learning from traditional cars became an important part of his work. He often tells his colleagues and friends about a common mistake that ordinary people make: drawing wrong conclusions with limited information and sound logic. The reason for this was that the information he received was incomplete, and he considered it a very terrible thing.</p><p>“In your original field, you may already be a doctoral student, but in a new field, you are still in kindergarten. Would you be willing to squat down and talk to others with your head tilted back?” He Xiaopeng said.</p><p>He Xiaopeng has always looked up to the automotive industry. He believes that mobile phones are already a remarkable combination of hardware and software, but a four- or five-meter-long car is a more imaginative and complex combination of hardware and software.</p><p>When he decided to devote himself wholeheartedly to XPeng Automotive, his early partner, Yu Yongfu, the current CEO of Alibaba Local Life and chairman of AutoNavi Group, gave him advice, and it was the only advice he could give—to find someone who could check and balance him. Because He Xiaopeng has many ideas, but not all of them are necessarily correct.</p><p>Today, there are many people within XPeng Motors' senior management who can check and balance him, and their management structure has attracted much attention from the outside world. In an exclusive interview with \"Caiyue Ni\", He Xiaopeng also spoke for the first time about the checks and balances and cooperation among management.</p><p>Currently, there are four people at the top of power in XPeng Automotive: He Xiaopeng, Xia Heng, Gu Hongdi, and He Tao. He Xiaopeng comes from the internet industry, Xia Heng and He Tao from the automotive technology field, and Gu Hongdi from the financial field. All four are very young: He Xiaopeng and Gu Hongdi are born in the 1970s, while Xia Heng and He Tao are born in the 1980s.</p><p>He Xiaopeng frankly stated that in the year and a half before their collaboration, there were many challenges. Faced with the same thing, the four of them had different strategies and solutions because they came from different fields.</p><p>For example, at the time, someone suggested setting up a forum within the company to allow employees to post and make suggestions freely. This is a common thing in internet companies, and He Xiaopeng thought that this was enough to do.</p><p>But this is something that \"shouldn't\" be done in the automotive industry. Unlike internet companies, car companies have a large number of partners and suppliers, and a wide variety of job types. The pointed questions raised by employees on the forum not only fail to promote problem-solving, but sometimes lead to misunderstandings due to the excessive diversity of information sources, thus stalling the problem-solving process.</p><p>As a result, the four of them had a heated argument over this matter. Since then, they have adjusted the forum to resolve some important and intense issues through other channels, instead of allowing tens or twenty thousand people to engage in ineffective discussions in the forum.</p><p>“Often, company founders are too familiar with an industry, or their perspectives are too unified. Whether they are right or wrong, they may also be wrong,” He Xiaopeng said. “Balance can help companies reach an organic and compromising point.”</p><p><b>Say no to \"involution\"</b></p><p>2020 was the peak period for He Xiaopeng's second entrepreneurial venture. In August of that year, XPeng went public on the New York Stock Exchange, with a market capitalization of $14.9 billion that day. This was a highlight moment that he couldn't even match when he founded UC Browser.</p><p>Today, XPeng Motors' stock price has tripled, and He Xiaopeng's net worth has risen accordingly. According to Forbes' real-time data, his current net worth has reached $8 billion, surpassing Nio Motors' Li Bin's $4.8 billion, making him the richest emerging Chinese car manufacturer.</p><p><img src=\"https://static.tigerbbs.com/7d75beebe9dfbb968a731155d3840ae8\" tg-width=\"877\" tg-height=\"1904\" referrerpolicy=\"no-referrer\"/></p><p>However, after its launch, XPeng did not slow down. The release of the P7 and P5 gave them family sedans and coupes in the price range of 200,000 to 400,000 yuan, while the debut of the G9 at last year's Guangzhou Auto Show filled the gap in the mid-to-large SUV model market. They have also taken an important step in internationalization, using Norway as a bridgehead to explore the European market; Aerial vehicles were also developed to prepare for \"air battles\" a few years later.</p><p>\"Going public allows us to gain more support from the capital market, which allows us to think about the medium to long term,\" said He Xiaopeng.</p><p>He Xiaopeng is a long-termist. When explaining the name \"XPeng\" to \"Caiyue Ni\", he said that \"small\" represents an original aspiration and represents eternal youth. When applied to corporate management, it will constantly remind oneself to move forward, not to have the problems of large corporations, and not to be satisfied with the status quo. The \"Peng\" is a large bird that can transform into a \"Kun\" and fly very high and far.</p><p>The name \"XPeng\" has always been criticized by the outside world. Some people think the name is rather old-fashioned, while others think it is too arrogant to name a vehicle after their own name. After all, only world-renowned automakers such as Honda and Mercedes-Benz use the name of their founders. He Xiaopeng jokingly told \"Cai Yue Ni\": \"You might feel rustic the first 100 times you read it, but you won't after the 101st time.\"</p><p>He Xiaopeng also has an expectation that in 10 or 20 years, brands named after Chinese names will go global.</p><p>He Xiaopeng has always had great respect for Toyota because they have trained a large number of engineers who can work for Toyota for the rest of their lives. This is particularly valuable among Chinese startups today. In an exclusive interview with \"Caiyue Ni\", He Xiaopeng also stated frankly that he hopes to create an environment and mechanism for lifelong service for employees. To this end, they have formulated a set of stock option incentive policies to encourage employees to broaden their horizons.</p><p>“Over the past two or three decades, China’s automotive industry has grown a lot, but to be honest, automotive workers work quite hard. Before new car manufacturers entered the market, their salaries were relatively low,” said He Xiaopeng.</p><p>At the same time, He Xiaopeng also hopes that the company can continue to explore and innovate, such as allowing employees to move to different positions and do different jobs. This will give employees more opportunities and enable them to stay with the company for a long time.</p><p>He Xiaopeng dislikes the word \"involution\". Previously, 35 years old was a hurdle that many internet company employees found difficult to overcome, and news of the dismissal of employees over 35 frequently sparked heated discussions.</p><p>He Xiaopeng stated that he welcomes mid-to-senior level talents aged 35 and above to XPeng Motor Company, and that XPeng currently has employees aged 60 and above. He believes that the automotive industry needs experienced and technically capable people, and these people are often quite old.</p><p>\"I don't pay much attention to whether I'm physically young; we focus on whether I'm mentally young,\" He Xiaopeng said.</p><p>XPeng has been around for seven years now, but compared to those well-known century-old automakers, it is still just a fledgling company. However, they already have more than 10,000 employees, and XPeng plans to expand its workforce to 50,000 in the next three years.</p><p>One question He Xiaopeng often ponders is whether the company could become even stronger if he were to be a cog in the machine. He believes that when a company is small, it focuses on people; when a company grows, it focuses on organization and systems, and everyone, including him, is part of the organizational system.</p><p><b>Product Manager Car Manufacturing</b></p><p>In 2021, the entry of Xiaomi and Huawei made the smart car market full of uncertainties.</p><p>Before deciding to start a car business, Lei Jun had a long phone call with He Xiaopeng to discuss entry methods, capital situation, and industry changes.</p><p>He Xiaopeng highly appreciated Lei Jun's thinking and encouraged him to work together to build cars. He believes that for many companies, the window to build cars has closed, but for companies like Huawei and Xiaomi, the window remains open, mainly because the accumulation of these companies over the years can be quickly transformed into value.</p><p>For example, these companies' technological accumulation allows them to skip the pure electric vehicle stage and directly enter the competition for intelligent vehicles. Before producing smart cars, XPeng Motors had been exploring pure electric vehicles for a long time and had taken some detours.</p><p>In He Xiaopeng's mind, elitism is an unavoidable concept. Besides his high regard for elite companies like Xiaomi and Huawei, his product design philosophy is also full of elitism.</p><p>Years of experience as a product manager have made him firmly believe that an excellent product is unlikely to be completed by too many people, because different people will have different demands. If these different demands are ultimately balanced, then it will be difficult for the product to reach its excellence. The height of a product depends more on the talent of the product manager.</p><p>He also believes that excellent product concepts come from a vision of the future, but many product managers fall into the dilemma of the blind men and the elephant, designing based on existing awareness. He believes that an excellent product manager should have the ability to think outside the box.</p><p>In September 2020, XPeng Motors unveiled a flying car at the Beijing Auto Show that was quite \"leapfrog,\" which once drew ridicule from the outside world—they were already thinking about \"air combat\" before the competition on the ground was over.</p><p>At the press conference on November 18, 2021, He Xiaopeng once again publicly announced that he had recruited many talents in the flight industry, clearly stated that the overall framework of the flying car would be mass-produced in 2024, and hoped to create a great flying car in a few years.</p><p>In fact, He Xiaopeng, who loves to \"fly,\" spends most of his time \"on the ground.\" During his two entrepreneurial ventures, he needed to solve all sorts of problems.</p><p>Currently, the \"chip shortage\" is a major problem facing the automotive industry. On November 18, after giving an exclusive interview to \"Caiyue Ni\", He Xiaopeng attended a conference on chips.</p><p>In 2021, XPeng surpassed Nio in deliveries, taking the top spot among emerging electric vehicle manufacturers. This was partly due to their management of the supply chain, which made them less affected by the \"chip shortage\". NIO, on the other hand, was once shut down due to chip issues.</p><p>“We have discussed this internally many times. In the short term, the chip shortage problem is difficult to solve. We hope that this problem can be solved in three or four quarters,” He Xiaopeng 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 Xiaopeng: The Beginning and End of \"Dreamers in the Air\" in Car Manufacturing</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 Xiaopeng: The Beginning and End of \"Dreamers in the Air\" in Car Manufacturing\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>Despite joining the ranks of top domestic entrepreneurs, He Xiaopeng still hasn't learned to \"tell stories\" to meet audience expectations.</p><p>At the end of 2021, He Xiaopeng was interviewed...<a href=\"https://laohu8.com/S/00700\">Tencent</a>During the interview with the news program \"Caiyue Ni\", he spent most of his time immersed in his imagined world of travel. At the end of the interview, \"Caiyue Ni\" asked him a few quick questions. He got stuck while answering quickly, even though the questions were relatively easy and enjoyable.</p><p>\"Join<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>In four years, what was your happiest moment? \"Wealth Promises You\" asked.</p><p>\"I can't remember,\" He Xiaopeng replied.</p><p>\"Among the post-80s entrepreneurs, which one do you like best: Wang Xing, Zhang Yiming, or Huang Zheng?\" \"Caiyue Ni\" asked again.</p><p>\"It's hard to say.\" After thinking for a second, He Xiaopeng still didn't give an answer.</p><p>This is his usual style. On the one hand, XPeng Motors launched a high-profile \"flying vehicle,\" placing its products in the air, which made the outside world think that the leader of this emerging car manufacturer was arrogant and flamboyant. On the other hand, in his four years of manufacturing cars, He Xiaopeng has never shaken off the character traits of a product manager. He is reserved and cautious, and would rather avoid things he is unsure about than talk nonsense.</p><p>2021 was a year of comeback for XPeng, with deliveries reaching 98,155 vehicles, surpassing...<a href=\"https://laohu8.com/S/NIO\">Nio</a>With Li Auto, the \"Wei Xiaoli\" pattern that has been stable for many years among emerging car manufacturers has become \"Xiao Wei Li\".</p><p>However, with the entry of Huawei and Xiaomi, and the strong efforts of traditional automakers,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>With renewed competition in the automotive industry, a key factor in determining who can go further and more steadily in this battlefield is the character and vision of the founder.</p><p>“Much of a company’s DNA comes from its founder. If the founder saves money, the company will save money too,” He Xiaopeng said. “I come from a technical background, and I pursue technological innovation and product differentiation. I am also quite pragmatic. I hope that these can become a symbol, a mindset, and a culture, and go global.”</p><p>Using his own name as a brand has deeply bound He Xiaopeng and XPeng Motor Company, with both prospering and disgracing each other. He Xiaopeng told \"Caiyue Ni\" that this represents his attitude and responsibility.</p><p>In August and November 2021, \"Caiyue Ni\" conducted two in-depth interviews with He Xiaopeng in Beijing and Guangzhou, attempting to uncover his inner 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>Adventurers who start a second business</b></p><p>At heart, He Xiaopeng is a person who loves to take risks and take risks, which stands in stark contrast to his shy appearance and low-key hairstyle.</p><p>He Xiaopeng, born into an ordinary family in Huangshi, Hubei Province, had never left the province or eaten before the college entrance examination.<a href=\"https://laohu8.com/S/MCD\">McDonald's</a>And I've never been on a plane. At the time, he had a belief that traveling ten thousand miles was worse than reading ten thousand books. When filling out his college application, his only goal was to study outside the province, especially in developed cities like Beijing, Shanghai, and Guangzhou, and to see the outside world. He was eventually admitted to South China University of Technology in Guangzhou.</p><p>Today, He Xiaopeng extends this concept to children's education. As long as their lives and health are not seriously threatened, children can take risks and explore things.</p><p>One of his sons, when he was two years old, was particularly mischievous and full of curiosity about the pressure cooker, and his little hands always wanted to touch it. Most parents would stop it immediately, but He Xiaopeng had a different approach. He grabbed his son's hand and carefully let him touch it. As a result, his son was burned to tears and never dared to touch the pressure cooker again.</p><p>These personality traits were also fully demonstrated in his entrepreneurial process.</p><p>In June 2014, UC Browser, founded by He Xiaopeng, was acquired for a hefty $4 billion.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The acquisition brought him enormous wealth. $4 billion was also the highest merger and acquisition price for the Chinese internet at the time.</p><p>Subsequently, He Xiaopeng joined Alibaba, serving successively as president of Alibaba Mobile Business Group, chairman of Alibaba Games, and president of Tudou. Many people believed that He Xiaopeng would settle down and become a millionaire, and that this product manager would no longer be seen in the entrepreneurial world. But in the same year that he \"cashed out\", He Xiaopeng began to plan his new entrepreneurial venture in the new energy vehicle industry and invested in XPeng Motor, which was then called \"Chengxing Zhidong\".</p><p>“When I first saw smart electric vehicles, I immediately thought of the leap from the Symbian or JAVA era to the intelligent era,” He Xiaopeng said.</p><p>He Xiaopeng founded UC Browser, which transcended the eras of Symbian and intelligence. This experience gave him a natural sensitivity to new changes in traditional industries like automobiles. He felt that when this leap first occurred, people in the industry, being vested interests, were often unwilling to believe in this change.</p><p>It was during this industry's dormant period that he felt he had the opportunity to break through.</p><p>\"People in the internet industry are particularly daring to think, which is a characteristic formed by our long-term work,\" said He Xiaopeng.</p><p>In 2015, He Xiaopeng attended an auto show. What impressed him at the time was that 75 new cars were launched in one day at that auto show, which made him realize that the competition in the automotive industry is far more brutal than in the internet industry.</p><p>\"Imagine if the internet industry released 75 UC Browsers a day, wouldn't it feel pressure? Competition in the automotive industry is a global competition, a competition in technology, a competition in brand and reputation,\" said He Xiaopeng.</p><p>This made He Xiaopeng, who was naturally adventurous, even more determined to \"go into the water\" and give it a try.</p><p><b>\"Talking to people with your head tilted back\"</b></p><p>At that time, the success of UC Browser had accumulated a large network of connections and wealth for He Xiaopeng. When he decided to devote himself to intelligent cars, how to direct these resources to new projects and convince his old friends that he could still endure hardship and start a business was a problem that He Xiaopeng urgently needed to solve. His answer was to go all in first.</p><p>“My friends said, ‘Since you dare to go all in, then we can support you,’” He Xiaopeng said. “If I hadn’t given it my all, working a nine-to-five job every day and putting my money into financial management, how could anyone believe me?”</p><p>After devoting himself to starting a business in intelligent cars, learning from traditional cars became an important part of his work. He often tells his colleagues and friends about a common mistake that ordinary people make: drawing wrong conclusions with limited information and sound logic. The reason for this was that the information he received was incomplete, and he considered it a very terrible thing.</p><p>“In your original field, you may already be a doctoral student, but in a new field, you are still in kindergarten. Would you be willing to squat down and talk to others with your head tilted back?” He Xiaopeng said.</p><p>He Xiaopeng has always looked up to the automotive industry. He believes that mobile phones are already a remarkable combination of hardware and software, but a four- or five-meter-long car is a more imaginative and complex combination of hardware and software.</p><p>When he decided to devote himself wholeheartedly to XPeng Automotive, his early partner, Yu Yongfu, the current CEO of Alibaba Local Life and chairman of AutoNavi Group, gave him advice, and it was the only advice he could give—to find someone who could check and balance him. Because He Xiaopeng has many ideas, but not all of them are necessarily correct.</p><p>Today, there are many people within XPeng Motors' senior management who can check and balance him, and their management structure has attracted much attention from the outside world. In an exclusive interview with \"Caiyue Ni\", He Xiaopeng also spoke for the first time about the checks and balances and cooperation among management.</p><p>Currently, there are four people at the top of power in XPeng Automotive: He Xiaopeng, Xia Heng, Gu Hongdi, and He Tao. He Xiaopeng comes from the internet industry, Xia Heng and He Tao from the automotive technology field, and Gu Hongdi from the financial field. All four are very young: He Xiaopeng and Gu Hongdi are born in the 1970s, while Xia Heng and He Tao are born in the 1980s.</p><p>He Xiaopeng frankly stated that in the year and a half before their collaboration, there were many challenges. Faced with the same thing, the four of them had different strategies and solutions because they came from different fields.</p><p>For example, at the time, someone suggested setting up a forum within the company to allow employees to post and make suggestions freely. This is a common thing in internet companies, and He Xiaopeng thought that this was enough to do.</p><p>But this is something that \"shouldn't\" be done in the automotive industry. Unlike internet companies, car companies have a large number of partners and suppliers, and a wide variety of job types. The pointed questions raised by employees on the forum not only fail to promote problem-solving, but sometimes lead to misunderstandings due to the excessive diversity of information sources, thus stalling the problem-solving process.</p><p>As a result, the four of them had a heated argument over this matter. Since then, they have adjusted the forum to resolve some important and intense issues through other channels, instead of allowing tens or twenty thousand people to engage in ineffective discussions in the forum.</p><p>“Often, company founders are too familiar with an industry, or their perspectives are too unified. Whether they are right or wrong, they may also be wrong,” He Xiaopeng said. “Balance can help companies reach an organic and compromising point.”</p><p><b>Say no to \"involution\"</b></p><p>2020 was the peak period for He Xiaopeng's second entrepreneurial venture. In August of that year, XPeng went public on the New York Stock Exchange, with a market capitalization of $14.9 billion that day. This was a highlight moment that he couldn't even match when he founded UC Browser.</p><p>Today, XPeng Motors' stock price has tripled, and He Xiaopeng's net worth has risen accordingly. According to Forbes' real-time data, his current net worth has reached $8 billion, surpassing Nio Motors' Li Bin's $4.8 billion, making him the richest emerging Chinese car manufacturer.</p><p><img src=\"https://static.tigerbbs.com/7d75beebe9dfbb968a731155d3840ae8\" tg-width=\"877\" tg-height=\"1904\" referrerpolicy=\"no-referrer\"/></p><p>However, after its launch, XPeng did not slow down. The release of the P7 and P5 gave them family sedans and coupes in the price range of 200,000 to 400,000 yuan, while the debut of the G9 at last year's Guangzhou Auto Show filled the gap in the mid-to-large SUV model market. They have also taken an important step in internationalization, using Norway as a bridgehead to explore the European market; Aerial vehicles were also developed to prepare for \"air battles\" a few years later.</p><p>\"Going public allows us to gain more support from the capital market, which allows us to think about the medium to long term,\" said He Xiaopeng.</p><p>He Xiaopeng is a long-termist. When explaining the name \"XPeng\" to \"Caiyue Ni\", he said that \"small\" represents an original aspiration and represents eternal youth. When applied to corporate management, it will constantly remind oneself to move forward, not to have the problems of large corporations, and not to be satisfied with the status quo. The \"Peng\" is a large bird that can transform into a \"Kun\" and fly very high and far.</p><p>The name \"XPeng\" has always been criticized by the outside world. Some people think the name is rather old-fashioned, while others think it is too arrogant to name a vehicle after their own name. After all, only world-renowned automakers such as Honda and Mercedes-Benz use the name of their founders. He Xiaopeng jokingly told \"Cai Yue Ni\": \"You might feel rustic the first 100 times you read it, but you won't after the 101st time.\"</p><p>He Xiaopeng also has an expectation that in 10 or 20 years, brands named after Chinese names will go global.</p><p>He Xiaopeng has always had great respect for Toyota because they have trained a large number of engineers who can work for Toyota for the rest of their lives. This is particularly valuable among Chinese startups today. In an exclusive interview with \"Caiyue Ni\", He Xiaopeng also stated frankly that he hopes to create an environment and mechanism for lifelong service for employees. To this end, they have formulated a set of stock option incentive policies to encourage employees to broaden their horizons.</p><p>“Over the past two or three decades, China’s automotive industry has grown a lot, but to be honest, automotive workers work quite hard. Before new car manufacturers entered the market, their salaries were relatively low,” said He Xiaopeng.</p><p>At the same time, He Xiaopeng also hopes that the company can continue to explore and innovate, such as allowing employees to move to different positions and do different jobs. This will give employees more opportunities and enable them to stay with the company for a long time.</p><p>He Xiaopeng dislikes the word \"involution\". Previously, 35 years old was a hurdle that many internet company employees found difficult to overcome, and news of the dismissal of employees over 35 frequently sparked heated discussions.</p><p>He Xiaopeng stated that he welcomes mid-to-senior level talents aged 35 and above to XPeng Motor Company, and that XPeng currently has employees aged 60 and above. He believes that the automotive industry needs experienced and technically capable people, and these people are often quite old.</p><p>\"I don't pay much attention to whether I'm physically young; we focus on whether I'm mentally young,\" He Xiaopeng said.</p><p>XPeng has been around for seven years now, but compared to those well-known century-old automakers, it is still just a fledgling company. However, they already have more than 10,000 employees, and XPeng plans to expand its workforce to 50,000 in the next three years.</p><p>One question He Xiaopeng often ponders is whether the company could become even stronger if he were to be a cog in the machine. He believes that when a company is small, it focuses on people; when a company grows, it focuses on organization and systems, and everyone, including him, is part of the organizational system.</p><p><b>Product Manager Car Manufacturing</b></p><p>In 2021, the entry of Xiaomi and Huawei made the smart car market full of uncertainties.</p><p>Before deciding to start a car business, Lei Jun had a long phone call with He Xiaopeng to discuss entry methods, capital situation, and industry changes.</p><p>He Xiaopeng highly appreciated Lei Jun's thinking and encouraged him to work together to build cars. He believes that for many companies, the window to build cars has closed, but for companies like Huawei and Xiaomi, the window remains open, mainly because the accumulation of these companies over the years can be quickly transformed into value.</p><p>For example, these companies' technological accumulation allows them to skip the pure electric vehicle stage and directly enter the competition for intelligent vehicles. Before producing smart cars, XPeng Motors had been exploring pure electric vehicles for a long time and had taken some detours.</p><p>In He Xiaopeng's mind, elitism is an unavoidable concept. Besides his high regard for elite companies like Xiaomi and Huawei, his product design philosophy is also full of elitism.</p><p>Years of experience as a product manager have made him firmly believe that an excellent product is unlikely to be completed by too many people, because different people will have different demands. If these different demands are ultimately balanced, then it will be difficult for the product to reach its excellence. The height of a product depends more on the talent of the product manager.</p><p>He also believes that excellent product concepts come from a vision of the future, but many product managers fall into the dilemma of the blind men and the elephant, designing based on existing awareness. He believes that an excellent product manager should have the ability to think outside the box.</p><p>In September 2020, XPeng Motors unveiled a flying car at the Beijing Auto Show that was quite \"leapfrog,\" which once drew ridicule from the outside world—they were already thinking about \"air combat\" before the competition on the ground was over.</p><p>At the press conference on November 18, 2021, He Xiaopeng once again publicly announced that he had recruited many talents in the flight industry, clearly stated that the overall framework of the flying car would be mass-produced in 2024, and hoped to create a great flying car in a few years.</p><p>In fact, He Xiaopeng, who loves to \"fly,\" spends most of his time \"on the ground.\" During his two entrepreneurial ventures, he needed to solve all sorts of problems.</p><p>Currently, the \"chip shortage\" is a major problem facing the automotive industry. On November 18, after giving an exclusive interview to \"Caiyue Ni\", He Xiaopeng attended a conference on chips.</p><p>In 2021, XPeng surpassed Nio in deliveries, taking the top spot among emerging electric vehicle manufacturers. This was partly due to their management of the supply chain, which made them less affected by the \"chip shortage\". NIO, on the other hand, was once shut down due to chip issues.</p><p>“We have discussed this internally many times. In the short term, the chip shortage problem is difficult to solve. We hope that this problem can be solved in three or four quarters,” He Xiaopeng 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":{"BK4555":"新能源车","09868":"小鹏集团-W","BK1575":"同股不同权","BK4551":"寇图资本持仓","BK1539":"汽车股","BK4099":"汽车制造商","BK1588":"回港中概股","BK4526":"热门中概股","BK1119":"汽车制造商","BK4505":"高瓴资本持仓","BK1587":"次新股","XPEV":"小鹏集团"},"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":4934,"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":[],"title":"","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":"us","language":"zh","title":"Sister Wood's ARK fund is nearly halved, and Wall Street giants are trembling with fear.","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 stance brought rate hike expectations forward, US Treasury yields jumped, and investors' expectations of higher interest rates directly damaged overvalued stocks, represented by technology stocks.</p><p>The continuously rising Treasury Bond yields have further put pressure on ARKK. The 10-year Treasury Bond yield has risen 3 basis points today and 22 basis points this week. At the beginning of 2022, Sister Wood's flagship fund<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK) suffered its worst start to the year in history, falling 7% in one day on Wednesday. As of press time, ARKK has fallen 12.24% year-to-date, far exceeding the 5.3% drop in 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 eight ETFs under Sister Wood have fallen in trading days since 2022. On the fifth trading day of the year, only the Israel Innovation and Technology Fund (IZRL) did not fall, rising by 0.1% as of press time.</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 at the \"center of the storm,\" but the \"storm\" also affected Wall Street, because from...<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Major investment banks, including Goldman Sachs, have been issuing structured notes directly linked to Sister Wood's ARK series of exchange-traded funds.</p><p>Structured Notes are an investment tool that combines \"fixed-income products\" and \"derivative financial products.\" They invest most of the principal in fixed-income products through issuing institutions such as banks, and use the remaining small amount of principal to operate derivative financial products, while achieving the purpose of protecting the principal and asset appreciation.</p><p>Highly leveraged notes can provide huge upside returns, but they can also bring painful downside losses, which is the direction in 2021 and now into 2022. As long as ARK continues to rise, banks that launch these products can reap substantial fees and profits; However, once ARK falls, these notes will become liabilities.</p><p>According to Bloomberg estimates, as of early last year, there were at least 50 structured notes related to ARK, valued at over $100 million.<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 high leverage and difficulty in exiting structured notes, investors may face enormous losses. Although there is still a long time before the notes officially mature, investors in these products will face principal losses based on recent trends.</p><p>Todd Rosenbluth, head of ETF and mutual fund research at CFRA, said:</p><p>Loyal investors in the ARK strategy hope that 2022 will be more like 2020 than a carbon copy of 2021. Past performance success does not guarantee future results. Investors need to decide whether the potential returns in an environment of rising interest rates are worth the risks they are taking today. The return-based European leveraged note, launched last month and used to amplify ARK, fell as much as 17% during trading this week. The tools set up to track ARK's returns have fallen, while those set up to achieve ARK's reverse performance have started this year's work in the right way.</p><p>As mentioned in an earlier article by Wall Street Insights, funds with reverse exposure to ARK have been listed on exchanges one after another. Taking Tuttle Capital Management's Short Innovation ETF (SARK) as an example, its cumulative gain since the beginning of the year 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 halved, and Wall Street giants are trembling with fear.</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 halved, and Wall Street giants are trembling with fear.\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 stance brought rate hike expectations forward, US Treasury yields jumped, and investors' expectations of higher interest rates directly damaged overvalued stocks, represented by technology stocks.</p><p>The continuously rising Treasury Bond yields have further put pressure on ARKK. The 10-year Treasury Bond yield has risen 3 basis points today and 22 basis points this week. At the beginning of 2022, Sister Wood's flagship fund<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK) suffered its worst start to the year in history, falling 7% in one day on Wednesday. As of press time, ARKK has fallen 12.24% year-to-date, far exceeding the 5.3% drop in 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 eight ETFs under Sister Wood have fallen in trading days since 2022. On the fifth trading day of the year, only the Israel Innovation and Technology Fund (IZRL) did not fall, rising by 0.1% as of press time.</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 at the \"center of the storm,\" but the \"storm\" also affected Wall Street, because from...<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Major investment banks, including Goldman Sachs, have been issuing structured notes directly linked to Sister Wood's ARK series of exchange-traded funds.</p><p>Structured Notes are an investment tool that combines \"fixed-income products\" and \"derivative financial products.\" They invest most of the principal in fixed-income products through issuing institutions such as banks, and use the remaining small amount of principal to operate derivative financial products, while achieving the purpose of protecting the principal and asset appreciation.</p><p>Highly leveraged notes can provide huge upside returns, but they can also bring painful downside losses, which is the direction in 2021 and now into 2022. As long as ARK continues to rise, banks that launch these products can reap substantial fees and profits; However, once ARK falls, these notes will become liabilities.</p><p>According to Bloomberg estimates, as of early last year, there were at least 50 structured notes related to ARK, valued at over $100 million.<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 high leverage and difficulty in exiting structured notes, investors may face enormous losses. Although there is still a long time before the notes officially mature, investors in these products will face principal losses based on recent trends.</p><p>Todd Rosenbluth, head of ETF and mutual fund research at CFRA, said:</p><p>Loyal investors in the ARK strategy hope that 2022 will be more like 2020 than a carbon copy of 2021. Past performance success does not guarantee future results. Investors need to decide whether the potential returns in an environment of rising interest rates are worth the risks they are taking today. The return-based European leveraged note, launched last month and used to amplify ARK, fell as much as 17% during trading this week. The tools set up to track ARK's returns have fallen, while those set up to achieve ARK's reverse performance have started this year's work in the right way.</p><p>As mentioned in an earlier article by Wall Street Insights, funds with reverse exposure to ARK have been listed on exchanges one after another. Taking Tuttle Capital Management's Short Innovation ETF (SARK) as an example, its cumulative gain since the beginning of the year 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":4833,"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,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"title":"","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 | Undeterred by the CPI! US stocks continue to surge","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, with the Nasdaq up 2.08% and Chinese concept stocks generally rising; ② Gold hit its highest closing price in two weeks; ③ London Aluminum is further approaching its historical high; ④ The imminent release of US inflation data may become a clue to whether the Federal Reserve will rate hike by 50 basis points. Overseas markets</p><p>1. European and American stock markets collectively closed higher! Tech stocks surged, with the Nasdaq rising over 2%.</p><p>The three major U.S. stock indexes all closed higher. The sell-off in U.S. Treasury bonds has paused, with the 10-year Treasury yield, which was approaching 2% on Tuesday, temporarily breaking away from its highest level in more than two years. This eased some of the pressure on technology stocks and gave a breather to markets that had been hit hard in recent weeks by worries about tightening monetary policy.</p><p>At the close, the Dow Jones Industrial Average rose 0.86%, the Nasdaq Composite rose 2.08%, and the S&P 500 rose 1.45%.</p><p>Most major U.S. tech stocks rose, with Meta's share price rising 5.4%, marking its biggest single-day gain since April 29, 2021.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>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>It closed up nearly 1.1%, only<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell slightly by 0.14%.</p><p>2. Popular Chinese concept stocks generally closed higher on Wednesday, with new energy vehicle and education stocks surging.</p><p><a href=\"https://laohu8.com/S/DDL\">Dingdong Grocery Store</a>Up nearly 22%<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Up more than 13%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 6%.<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>It 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 Inc.</a>It rose by more than 2%.</p><p>Among education stocks,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose by over 12%.<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose more than 4%.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose nearly 3%; Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Up more than 9%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles rose more than 5%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose nearly 4%.</p><p>3. European stocks closed higher across the board, with major indices rising by more than 1%.</p><p>Germany's DAX30 index rose 1.59%, and 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 rose 1.96%, Italy's FTSE MIB rose 2.66%, and Europe's Stoxx 50 rose 1.82%.</p><p>4. Gold futures closed 0.5% higher on Wednesday, hitting their highest closing price in two weeks.</p><p>Gold prices rose for the fourth consecutive trading day as a decline in the US dollar and US Treasury Bond yields boosted the attractiveness of safe-haven metals.</p><p>Adam Koos, president of Libertas Wealth Management Group, said that the US dollar clearly has a long-term and short-term link with inflation, and its volatility can explain the fluctuations in metal prices. He noted that investors are awaiting 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 settle at $1,836.60 an ounce, their highest closing price since January 26.</p><p>5. US WTI crude oil futures closed 0.3% higher 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 recent weakness in crude oil prices,\" but the two countries \"still have a long way to go before any agreement that could bring about new crude oil supplies.\"</p><p>West Texas Intermediate (WTI) crude oil 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 attempted to dispel aggressive rate hike bets, causing bonds in many countries to rise.</p><p>The Italian 10-year Treasury Bond yield ended its seventh consecutive day of gains, while the yield on German bonds of the same maturity fell by as much as 5 basis points, poised to end its longest winning streak on record.</p><p>Bank of France Governor Francois Villeroy de Galhau said investors may have overreacted to the ECB's hawkish shift.</p><p>The Bank of England's chief economist, Huw Pill, called for monetary policy measures to be rational and measured, expressing concern about taking unusually aggressive measures to tighten them. Subsequently, the UK's two-year Treasury Bond—the bond most sensitive to policy changes—held its growth.</p><p>Yields fell 3 basis points to 1.30%, retreating from a more than 10-year high reached on Tuesday.</p><p>7. LME aluminum further approaches its historical high, while LME copper breaks through the $10,000 mark.</p><p>Industrial metals rose across the board, with LME aluminum maintaining its upward trend for several consecutive days, further approaching the historical high set in 2008. However, the gains were slightly less than those of LME copper, which rose nearly 3% and broke through the $10,000 mark for the first time in four weeks.</p><p>Gold futures rose for four consecutive days, hitting a three-week high, supported by a decline in the US dollar and US Treasury yields.</p><p>International macro</p><p>1. Federal Reserve's Mester: Supports rate hike at a faster pace than the last cycle.</p><p>Cleveland Federal Reserve President Loretta Mester said she expects a faster rate hike to be appropriate because inflation has risen significantly and the labor market is much tighter compared to 2015.</p><p>“Inflation still faces upside risks,” but the number and speed of the Federal Reserve’s rate hike will “depend on how the economic situation develops,” Mester said in a prepared speech at a video conference hosted by the European Economic and Financial Centre. She reiterated her support for the March rate hike.</p><p>2. Federal Reserve's Bostic: There may be three or more rate hike this year, but it depends on how the economy reacts.</p><p>Atlanta Federal Reserve President Raphael Bostic said on Wednesday that he expects to rate hike three to four times this year, but emphasized that the Fed has not locked in a specific plan.</p><p>Bostic's views on rate hike are not as aggressive as the market expects. “On the rate hike side, I now expect three times this year,” he said. “I’m a little inclined towards four times, but we’ll have to see how the economy reacts when we take the first policy step in the first half of this year.”</p><p>3. The impending release of major inflation data may reveal clues about whether the Federal Reserve may rate hike by 50 basis points.</p><p>One of the most important data points to be released ahead of the Federal Reserve's March meeting will be the January Consumer Price Index (CPI), to be released on Thursday. Federal Reserve Chairman Jerome Powell has hinted that the March meeting will trigger rate hike.</p><p>The January CPI is expected to rise 7.2% year-on-year, the largest increase since 1982. This may prompt the Federal Reserve to consider rate hike by 50 basis points for the first time since 2000, instead of the usual 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 a significant step toward funding the federal government year-round.</p><p>They agreed on a broad framework that would allow them to add details in the coming weeks before passing a fiscal spending package that could reach $1.5 trillion.</p><p>5. Not only senior Federal Reserve officials, but also members of the U.S. Congress are expected to vote on a stock trading ban this year.</p><p>Do you remember the new trading rules imposed by the Federal Reserve last year, which prohibited the buying and selling of individual stocks and bonds by \"its own people,\" following a series of stock speculation scandals involving senior Federal Reserve officials? It is possible that in the near future, stock trading by members of the U.S. Congress and their relatives may also be banned.</p><p>According to a CNBC report on Wednesday, substantial progress is expected on a bill banning U.S. lawmakers and their relatives from stock trading, following a shift in House Speaker Nancy Pelosi's stance and Senate Majority Leader Schumer's support for the ban.</p><p>6. Bank reserves may decrease by up to $500 billion in the \"early\" phase of the Federal Reserve's quantitative tightening.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It is pointed out that as the Federal Reserve begins quantitative tightening, liquidity withdrawal may first be reflected in allowing banks to reduce excess reserves, and the rate of decline in reserves is expected to be faster than the rate of decline in the use of the Fed's overnight reverse repurchase tools.</p><p>In a report dated February 9, Mark Cabana and Katie Craig wrote that this process has already begun, and in the early stages of quantitative tightening, bank reserves may decrease by $250-500 billion.</p><p>7. U.S. used car prices hit a new high, but the tightest period in the supply chain may be over.</p><p>The largest car in the United States<a href=\"https://laohu8.com/S/300959\">Online and offline</a>The Manheim Used Vehicle Value Index, under the O2O trading platform Cox Automotive, was basically unchanged in January of this year compared to December of last year, up only 0.04% month-on-month.</p><p>This index tracks the wholesale price at which U.S. car dealers purchase used cars for sale, as well as the type and mileage of used cars purchased by dealers. Analysts say the latest data sends a strong signal that U.S. used car prices, which have surged over the past year, are stabilizing.</p><p>8. The Bank of England's chief economist hinted that the central bank will not sell off UK bonds anytime soon.</p><p>Bank of England Chief Economist Huw Pill dampened market expectations that the central bank would soon begin selling off UK Treasury Bond once interest rates reached 1%.</p><p>Speaking to the Society of Professional Economists on Wednesday, Pill said: \"A 1% interest rate is not a trigger point. It is just a factor to consider.\"</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1104459137\" target=\"_blank\">ARM is most likely to list on Nasdaq: it will deal a major blow to London.</a></p><p>Analysts say this will affect the British government and<a href=\"https://laohu8.com/S/LSE.UK\">London Stock Exchange</a>It caused a major blow.</p><p>Yesterday,<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>NVIDIA and SoftBank Group jointly announced that they have decided to terminate their previously agreed-upon acquisition of ARM. After the deal was canceled, SoftBank planned to list ARM by March 2023. SoftBank CEO Masayoshi Son said today that ARM may list on Nasdaq in the United States, rather than in the United Kingdom.</p><p>Masayoshi Son said, \"Regarding the location of ARM's listing, the United States is the market we are considering, most likely Nasdaq. But no matter where it is, the United States is the location we expect ARM to list.\"</p><p>2、<a href=\"https://ttm.financial/NW/2210552817\" target=\"_blank\">Third time this month! Tesla recalled another 26,681 vehicles.</a></p><p>Tesla stated that no injuries or accidents have been found related to the recall, but the NHTSA indicated that in some cases, Tesla vehicles may reduce windshield visibility, increasing the risk of collisions.</p><p>There are not many options left for investors. First, investors should pay attention to recall data, which is only natural. In addition, investors should have a better understanding of the overall quality of the vehicle. In the long run, quality is enough to change market share and stock price. Fortunately, tracking vehicle quality is not hopeless.</p><p>3、<a href=\"https://ttm.financial/NW/2210155121\" target=\"_blank\">Samsung released its new Galaxy S22 series, which will be available globally on the 25th.</a></p><p>The Galaxy S22 series still consists of three models: S22, S22+, and S22 Ultra. The S22 and S22+ feature 6.1-inch and 6.6-inch straight screen designs respectively, while the S22 Ultra features 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: Chip supply shortages 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, with the supply situation not improving until 2025-2030, when Intel and other manufacturers will increase wafer factory output to meet growing demand and technological upgrades.</p><p>5、<a href=\"https://ttm.financial/NW/2210639695\" target=\"_blank\">Centennial Disney's revenue increased by 34% year-over-year, and its stock price surged 8% in after-hours trading.</a></p><p>Financial reports show that Disney's first-quarter revenue was $21.82 billion, boosted by its theme parks and resorts business, exceeding analysts' expectations of $20.91 billion. Its streaming service Disney+ added nearly 12 million subscribers to 129.8 million, also exceeding analysts' expectations of 125.75 million.</p><p>6、<a href=\"https://laohu8.com/NW/2210563013\" target=\"_blank\">Uber's Q4 earnings report exceeded expectations, sending its stock price up more than 5% in after-hours trading.</a></p><p>After the US stock market closed on Wednesday, February 9th (Eastern Time),<a href=\"https://laohu8.com/S/UBER\">Uber</a>Announcement of fourth quarter and full year 2021 results. Financial reports show that Uber's Q4 revenue was $5.778 billion, an 83% year-over-year increase from $3.165 billion in the same period last year, exceeding market expectations of $5.357 billion; 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 $0.44, compared to a loss of $0.54 in the same period last year, and the market expected a loss of $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 | Undeterred by the CPI! US stocks continue to surge</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 | Undeterred by the CPI! US stocks continue to surge\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, with the Nasdaq up 2.08% and Chinese concept stocks generally rising; ② Gold hit its highest closing price in two weeks; ③ London Aluminum is further approaching its historical high; ④ The imminent release of US inflation data may become a clue to whether the Federal Reserve will rate hike by 50 basis points. Overseas markets</p><p>1. European and American stock markets collectively closed higher! Tech stocks surged, with the Nasdaq rising over 2%.</p><p>The three major U.S. stock indexes all closed higher. The sell-off in U.S. Treasury bonds has paused, with the 10-year Treasury yield, which was approaching 2% on Tuesday, temporarily breaking away from its highest level in more than two years. This eased some of the pressure on technology stocks and gave a breather to markets that had been hit hard in recent weeks by worries about tightening monetary policy.</p><p>At the close, the Dow Jones Industrial Average rose 0.86%, the Nasdaq Composite rose 2.08%, and the S&P 500 rose 1.45%.</p><p>Most major U.S. tech stocks rose, with Meta's share price rising 5.4%, marking its biggest single-day gain since April 29, 2021.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>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>It closed up nearly 1.1%, only<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell slightly by 0.14%.</p><p>2. Popular Chinese concept stocks generally closed higher on Wednesday, with new energy vehicle and education stocks surging.</p><p><a href=\"https://laohu8.com/S/DDL\">Dingdong Grocery Store</a>Up nearly 22%<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Up more than 13%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 6%.<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>It 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 Inc.</a>It rose by more than 2%.</p><p>Among education stocks,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose by over 12%.<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose more than 4%.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose nearly 3%; Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Up more than 9%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles rose more than 5%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose nearly 4%.</p><p>3. European stocks closed higher across the board, with major indices rising by more than 1%.</p><p>Germany's DAX30 index rose 1.59%, and 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 rose 1.96%, Italy's FTSE MIB rose 2.66%, and Europe's Stoxx 50 rose 1.82%.</p><p>4. Gold futures closed 0.5% higher on Wednesday, hitting their highest closing price in two weeks.</p><p>Gold prices rose for the fourth consecutive trading day as a decline in the US dollar and US Treasury Bond yields boosted the attractiveness of safe-haven metals.</p><p>Adam Koos, president of Libertas Wealth Management Group, said that the US dollar clearly has a long-term and short-term link with inflation, and its volatility can explain the fluctuations in metal prices. He noted that investors are awaiting 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 settle at $1,836.60 an ounce, their highest closing price since January 26.</p><p>5. US WTI crude oil futures closed 0.3% higher 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 recent weakness in crude oil prices,\" but the two countries \"still have a long way to go before any agreement that could bring about new crude oil supplies.\"</p><p>West Texas Intermediate (WTI) crude oil 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 attempted to dispel aggressive rate hike bets, causing bonds in many countries to rise.</p><p>The Italian 10-year Treasury Bond yield ended its seventh consecutive day of gains, while the yield on German bonds of the same maturity fell by as much as 5 basis points, poised to end its longest winning streak on record.</p><p>Bank of France Governor Francois Villeroy de Galhau said investors may have overreacted to the ECB's hawkish shift.</p><p>The Bank of England's chief economist, Huw Pill, called for monetary policy measures to be rational and measured, expressing concern about taking unusually aggressive measures to tighten them. Subsequently, the UK's two-year Treasury Bond—the bond most sensitive to policy changes—held its growth.</p><p>Yields fell 3 basis points to 1.30%, retreating from a more than 10-year high reached on Tuesday.</p><p>7. LME aluminum further approaches its historical high, while LME copper breaks through the $10,000 mark.</p><p>Industrial metals rose across the board, with LME aluminum maintaining its upward trend for several consecutive days, further approaching the historical high set in 2008. However, the gains were slightly less than those of LME copper, which rose nearly 3% and broke through the $10,000 mark for the first time in four weeks.</p><p>Gold futures rose for four consecutive days, hitting a three-week high, supported by a decline in the US dollar and US Treasury yields.</p><p>International macro</p><p>1. Federal Reserve's Mester: Supports rate hike at a faster pace than the last cycle.</p><p>Cleveland Federal Reserve President Loretta Mester said she expects a faster rate hike to be appropriate because inflation has risen significantly and the labor market is much tighter compared to 2015.</p><p>“Inflation still faces upside risks,” but the number and speed of the Federal Reserve’s rate hike will “depend on how the economic situation develops,” Mester said in a prepared speech at a video conference hosted by the European Economic and Financial Centre. She reiterated her support for the March rate hike.</p><p>2. Federal Reserve's Bostic: There may be three or more rate hike this year, but it depends on how the economy reacts.</p><p>Atlanta Federal Reserve President Raphael Bostic said on Wednesday that he expects to rate hike three to four times this year, but emphasized that the Fed has not locked in a specific plan.</p><p>Bostic's views on rate hike are not as aggressive as the market expects. “On the rate hike side, I now expect three times this year,” he said. “I’m a little inclined towards four times, but we’ll have to see how the economy reacts when we take the first policy step in the first half of this year.”</p><p>3. The impending release of major inflation data may reveal clues about whether the Federal Reserve may rate hike by 50 basis points.</p><p>One of the most important data points to be released ahead of the Federal Reserve's March meeting will be the January Consumer Price Index (CPI), to be released on Thursday. Federal Reserve Chairman Jerome Powell has hinted that the March meeting will trigger rate hike.</p><p>The January CPI is expected to rise 7.2% year-on-year, the largest increase since 1982. This may prompt the Federal Reserve to consider rate hike by 50 basis points for the first time since 2000, instead of the usual 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 a significant step toward funding the federal government year-round.</p><p>They agreed on a broad framework that would allow them to add details in the coming weeks before passing a fiscal spending package that could reach $1.5 trillion.</p><p>5. Not only senior Federal Reserve officials, but also members of the U.S. Congress are expected to vote on a stock trading ban this year.</p><p>Do you remember the new trading rules imposed by the Federal Reserve last year, which prohibited the buying and selling of individual stocks and bonds by \"its own people,\" following a series of stock speculation scandals involving senior Federal Reserve officials? It is possible that in the near future, stock trading by members of the U.S. Congress and their relatives may also be banned.</p><p>According to a CNBC report on Wednesday, substantial progress is expected on a bill banning U.S. lawmakers and their relatives from stock trading, following a shift in House Speaker Nancy Pelosi's stance and Senate Majority Leader Schumer's support for the ban.</p><p>6. Bank reserves may decrease by up to $500 billion in the \"early\" phase of the Federal Reserve's quantitative tightening.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It is pointed out that as the Federal Reserve begins quantitative tightening, liquidity withdrawal may first be reflected in allowing banks to reduce excess reserves, and the rate of decline in reserves is expected to be faster than the rate of decline in the use of the Fed's overnight reverse repurchase tools.</p><p>In a report dated February 9, Mark Cabana and Katie Craig wrote that this process has already begun, and in the early stages of quantitative tightening, bank reserves may decrease by $250-500 billion.</p><p>7. U.S. used car prices hit a new high, but the tightest period in the supply chain may be over.</p><p>The largest car in the United States<a href=\"https://laohu8.com/S/300959\">Online and offline</a>The Manheim Used Vehicle Value Index, under the O2O trading platform Cox Automotive, was basically unchanged in January of this year compared to December of last year, up only 0.04% month-on-month.</p><p>This index tracks the wholesale price at which U.S. car dealers purchase used cars for sale, as well as the type and mileage of used cars purchased by dealers. Analysts say the latest data sends a strong signal that U.S. used car prices, which have surged over the past year, are stabilizing.</p><p>8. The Bank of England's chief economist hinted that the central bank will not sell off UK bonds anytime soon.</p><p>Bank of England Chief Economist Huw Pill dampened market expectations that the central bank would soon begin selling off UK Treasury Bond once interest rates reached 1%.</p><p>Speaking to the Society of Professional Economists on Wednesday, Pill said: \"A 1% interest rate is not a trigger point. It is just a factor to consider.\"</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1104459137\" target=\"_blank\">ARM is most likely to list on Nasdaq: it will deal a major blow to London.</a></p><p>Analysts say this will affect the British government and<a href=\"https://laohu8.com/S/LSE.UK\">London Stock Exchange</a>It caused a major blow.</p><p>Yesterday,<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>NVIDIA and SoftBank Group jointly announced that they have decided to terminate their previously agreed-upon acquisition of ARM. After the deal was canceled, SoftBank planned to list ARM by March 2023. SoftBank CEO Masayoshi Son said today that ARM may list on Nasdaq in the United States, rather than in the United Kingdom.</p><p>Masayoshi Son said, \"Regarding the location of ARM's listing, the United States is the market we are considering, most likely Nasdaq. But no matter where it is, the United States is the location we expect ARM to list.\"</p><p>2、<a href=\"https://ttm.financial/NW/2210552817\" target=\"_blank\">Third time this month! Tesla recalled another 26,681 vehicles.</a></p><p>Tesla stated that no injuries or accidents have been found related to the recall, but the NHTSA indicated that in some cases, Tesla vehicles may reduce windshield visibility, increasing the risk of collisions.</p><p>There are not many options left for investors. First, investors should pay attention to recall data, which is only natural. In addition, investors should have a better understanding of the overall quality of the vehicle. In the long run, quality is enough to change market share and stock price. Fortunately, tracking vehicle quality is not hopeless.</p><p>3、<a href=\"https://ttm.financial/NW/2210155121\" target=\"_blank\">Samsung released its new Galaxy S22 series, which will be available globally on the 25th.</a></p><p>The Galaxy S22 series still consists of three models: S22, S22+, and S22 Ultra. The S22 and S22+ feature 6.1-inch and 6.6-inch straight screen designs respectively, while the S22 Ultra features 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: Chip supply shortages 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, with the supply situation not improving until 2025-2030, when Intel and other manufacturers will increase wafer factory output to meet growing demand and technological upgrades.</p><p>5、<a href=\"https://ttm.financial/NW/2210639695\" target=\"_blank\">Centennial Disney's revenue increased by 34% year-over-year, and its stock price surged 8% in after-hours trading.</a></p><p>Financial reports show that Disney's first-quarter revenue was $21.82 billion, boosted by its theme parks and resorts business, exceeding analysts' expectations of $20.91 billion. Its streaming service Disney+ added nearly 12 million subscribers to 129.8 million, also exceeding analysts' expectations of 125.75 million.</p><p>6、<a href=\"https://laohu8.com/NW/2210563013\" target=\"_blank\">Uber's Q4 earnings report exceeded expectations, sending its stock price up more than 5% in after-hours trading.</a></p><p>After the US stock market closed on Wednesday, February 9th (Eastern Time),<a href=\"https://laohu8.com/S/UBER\">Uber</a>Announcement of fourth quarter and full year 2021 results. Financial reports show that Uber's Q4 revenue was $5.778 billion, an 83% year-over-year increase from $3.165 billion in the same period last year, exceeding market expectations of $5.357 billion; 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 $0.44, compared to a loss of $0.54 in the same period last year, and the market expected a loss of $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":5353,"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":[],"title":"","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":4521,"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":[],"title":"","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":"sh","language":"zh","title":"Last night and this morning | The Nasdaq fell into a bear market! Energy prices surge, European stocks enter bear market","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>Abstract: ① U.S. stocks closed sharply lower on Monday, with the S&P 500 down nearly 3% and the Nasdaq Composite down more than 3%, entering a bear market; ② Commodity futures surged again, with LME nickel prices rising nearly 80% at one point; ③ The third round of Russia-Ukraine negotiations yielded no substantial results, and ceasefire consultations will continue; ④ The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year. Overseas markets</p><p>1. Closing: US stocks closed lower, with the Dow Jones Industrial Average falling 800 points due to conflict and inflation concerns.</p><p>U.S. stocks closed sharply lower on Monday, with the S&P 500 falling nearly 3%, its biggest drop in over a year, the Dow Jones Industrial Average falling nearly 800 points, and the Nasdaq Composite falling more than 3%, entering a bear market, all hitting new one-year lows. The Dow Jones Industrial Average fell 2.37%, the Nasdaq Composite fell 3.62%, and the S&P 500 fell 2.95%.</p><p>2. Most popular Chinese concept stocks closed lower on Monday.<a href=\"https://laohu8.com/S/NIU\">Niu Electric</a>Down nearly 17%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Down more than 8%</p><p>Most popular Chinese concept stocks closed lower on Monday, with Niu Technologies falling nearly 17% after its financial report showed that Q4 net profit fell 18% year-on-year.<a href=\"https://laohu8.com/S/LAIX\">Fluent Theory</a>It fell by more than 17%, and Bilibili fell by more than 8%; New energy vehicle stocks declined.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell nearly 8%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It fell more than 5%.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/SPI\">solar power</a>Up more than 28%,<a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>It rose more than 21%, and Yiqi 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\">micro-beauty holographic</a>It rose more than 6%.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose more than 4%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose more than 3%.</p><p>3. The US may boycott Russian crude oil; US WTI crude oil closed up 3.2%.</p><p>Crude oil futures prices were supported as the US, UK, and other countries considered banning Russian oil imports. West Texas Intermediate (WTI) crude oil for April delivery on the New York Mercantile Exchange rose $3.72, or 3.2%, to settle at $119.40 a barrel. According to FactSet data, this is the highest closing price since September 2008, based on near-month contracts. WTI crude oil rose 26.30% last week.</p><p>4. Brent crude once approached $140; the possibility of a Russian oil embargo has raised crisis concerns.</p><p>Oil prices experienced their largest single-day volatility in history, having previously surged to nearly $140 before falling back as the United States indicated it was considering banning imports of Russian crude oil, exacerbating the possibility of supply shortages.</p><p>Brent crude oil prices fell back to around $121. Such oil price levels are exacerbating concerns about a major inflationary shock to the global economy. Sources familiar with the matter say the Biden administration is considering whether to ban Russian oil imports, at least initially, without the participation of European allies. Germany said it had no plans to suspend imports of Russian energy, exacerbating market volatility.</p><p>5. Gold futures closed up 1.5% on Monday, briefly breaking through the $2,000 mark during the session.</p><p>Gold futures closed higher on Monday, hitting their highest closing price since August 2020. The renewed escalation of the Russia-Ukraine conflict has fueled risk aversion, pushing gold futures prices above the $2,000 per ounce mark on Monday.</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $29.30, or 1.5%, to settle at $1,995.90 an ounce, before rising as high as $2,007.50 an ounce during the session.</p><p>6. European stock markets fell into a bear market amid soaring energy prices.</p><p>European stock markets fell to their lowest level in a year, with the DAX index and the Eurozone Stoxx 50 index closing in a bear market as soaring oil prices raised concerns that high inflation would damage economic growth.</p><p>The DAX index closed down 2% to its lowest level since November 2020, and has fallen 21% from its record high in January. The Eurozone Stoxx 50 index closed down 1.2%, also in a bear market.</p><p>7. European natural gas prices surge 79%, market chaos drives prices to record highs.</p><p>European benchmark natural gas futures surged 79% to the equivalent of more than $600 per barrel of crude oil, marking the most chaotic trading conditions in history. The surge could trigger massive margin calls, prompting companies to buy exchange-traded contracts to avoid paying cash, which in turn could lead to a further surge in futures prices.</p><p>Related to the situation between Russia and</p><p>1. The third round of Russia-Ukraine talks yielded no substantial results; ceasefire negotiations will continue.</p><p>Following the conclusion of the third round of Russia-Ukraine negotiations, a member of the Ukrainian delegation stated that consultations with Russia on a ceasefire and cessation of hostilities would continue, and that no substantial results had been achieved so far. Ukrainian Presidential Advisor Podolyak also stated that the third round of Russia-Ukraine talks failed to achieve any results that could substantially improve the situation.</p><p>The head of the Russian delegation, Mezinsky, stated that Russia hopes the humanitarian corridor will begin operating tomorrow, and Ukraine has provided assurances regarding this. Russia's expected goals for talks with Ukraine in the Brest region have failed to materialize.</p><p>2. The impact of the Russia-Ukraine war is already evident on food shelves in many countries, and concerns about a global food crisis are rising.</p><p>The impact of Russia's military operation in Ukraine on global crop markets is already visible on store shelves.</p><p>Fears of soaring sunflower oil prices led to a buying frenzy in Türkiye over the weekend, with a video of people scrambling for lower-priced sunflower oil in a store sparking heated discussions. Some chain supermarket 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 rising costs. In the Greater Cairo area, a pack of five pieces of flatbread costs about 7.5 Egyptian pounds ($0.48), compared to 5 Egyptian pounds a week ago.</p><p>3. The Ukraine-Russia conflict is disrupting the global shipping industry, and ocean freight rates may rise two to three times.</p><p>The Ukraine-Russia war could disrupt the global shipping industry, which is recovering from the COVID-19 pandemic. As sanctions begin to impact trade, Maersk (AMKBY.US) and Mediterranean Shipping, the largest Shipping container groups, have suspended bookings to and from Russia.</p><p>Ocean freight rates could even rise two to three times from the current price of $10,000 per 40-foot container, according to Glenn Kupk of supply chain consultancy FourKites.</p><p>International macro</p><p>1. The EU plans to reduce its reliance on Russian natural gas by nearly 80% this year.</p><p>According to two officials familiar with the matter, the European Commission is planning a path to end its dependence on Russian natural gas, which could lead to a nearly 80% reduction in import demand this year. In an effort to weaken the Kremlin's leverage, the European Commission revised its energy strategy following Russian President Vladimir Putin's military operation against Ukraine. An official said the plan, which will be submitted on Tuesday, includes finding new sources of natural gas and improving energy efficiency, with the goal of eliminating dependence on Russia well before 2030.</p><p>2. U.S. Senators 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 they have reached an agreement on the outline of a bill to sanction Russia, saying they will jointly draft legislation to suspend normal trade relations with Russia and Belarus and authorize the Biden administration to raise tariffs on 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 Gold and Silver Market Association said on Monday that it has suspended the qualifications of all six Russian gold and silver smelters as good suppliers following sanctions imposed on Russia by the United States, the European Union, and the United Kingdom. Products manufactured by these companies before their eligibility was suspended will still be accepted.</p><p>4. The British Prime Minister stated that Britain will \"gradually\" reduce its dependence on Russian oil and gas.</p><p>British Prime Minister Boris Johnson said that in the face of tensions between Russia and Ukraine, Britain will \"gradually\" wean itself off its dependence on Russian oil and gas. He also called on Western countries to work together to ensure energy alternatives.</p><p>Following meetings with Canadian Prime Minister Justin Trudeau and Dutch Prime Minister Rutte, Johnson said that Britain would develop a new energy supply strategy in the coming days and noted that Britain was considering using more of its own fossil fuels. However, he also emphasized that the UK has not abandoned its commitment to reducing carbon emissions.</p><p>5. The food crisis is urgent; the EU may consider relaxing import bans on genetically modified grains and herbicide-involved crops.</p><p>As major global oil and grain producing regions are embroiled in turmoil, the European Union, which insists on high standards for food imports, is also beginning to worry about its food supply.</p><p>According to media reports on Monday, citing Spanish Agriculture Minister Luis Planas, the European Union may consider temporarily lifting the ban on importing genetically modified grains from the United States and South America to help farmers weather the current chaotic times. Spain and France have also proposed exemptions for those who have used herbicides.<a href=\"https://laohu8.com/S/000061\">agricultural products</a>Imports are primarily aimed at increasing inventories and finding alternative supply channels for important grains, primarily corn, which is also a major source of animal feed.</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1133636608\" target=\"_blank\">Uber raises first-quarter earnings forecast: Consumers eager to travel again</a></p><p>Uber has reportedly raised its first-quarter 2022 earnings forecast due to a faster-than-expected rebound in ride-hailing demand impacted by the pandemic. Uber's stock price rose by about 2% at one point in pre-market trading on March 7. Meanwhile, rival Lyft's stock price also rose by more than 2%.</p><p>In a filing with the U.S. Securities and Exchange Commission (SEC), Uber now expects its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the first quarter of this year to be between $130 million and $150 million, higher than its previous expectation of between $100 million and $130 million.</p><p>2、<a href=\"https://ttm.financial/NW/1185303476\" target=\"_blank\">Intel Autonomous Driving Business Unit Mobileye Secretly Submits IPO Application</a></p><p>According to reports, Intel announced on March 7 that its autonomous vehicle business unit, Mobileye, has secretly submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), proposing to conduct an initial public offering (IPO) of Mobileye shares. Currently, the number and price of new shares to be offered have not been determined. The IPO date will take place after the SEC completes its evaluation process, and the specific timing will depend on market and other conditions.</p><p>3、<a href=\"https://ttm.financial/NW/2217544945\" target=\"_blank\">Tesla's biggest bull: Berlin's \"Gigafactory\" approved, clearing up the biggest suspense for the stock.</a></p><p>Dan Ives, a well-known Tesla bull and analyst at investment bank Wedbush, said in a report to investors on March 6 that the approval of the Berlin Gigafactory for production is crucial for Tesla.</p><p>Ives wrote, \"The 'biggest suspense' for Tesla stock has been eliminated after German authorities said Tesla could begin production at its new factory in Berlin.\"</p><p>4、<a href=\"https://ttm.financial/NW/2217448301\" target=\"_blank\">Wedbush: Gives Apple an \"Outperform\" rating for its upcoming spring product launch event.</a></p><p>Apple will hold its 2022 Spring Event at 10:00 a.m. local time on March 8 (2:00 a.m. Beijing time on March 9). The market widely expects it to launch a new iPhone SE with 5G capabilities, as well as new iPad Airs and Macs 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 with a target price of $200.</p><p>5、<a href=\"https://ttm.financial/NW/2217415574\" target=\"_blank\">Coal giant Peabody plunged more than 24% at one point, forcing it to add large amounts of margin as coal prices soared.</a></p><p>On Monday, March 7, Peabody Energy, the world's largest privately held coal company, plummeted by more than 24% in the U.S. stock market, falling sharply from a near three-year high set last Friday since mid-May 2019, nearly erasing all of its gains for the month.</p><p>This is mainly due to the company's announcement stating that...<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>A financing arrangement was reached under which the latter provided a $150 million unsecured, multiple-drawable credit line to support Peabody, whose coal mines are primarily located in the United States and Australia, for its \"potential near-term liquidity needs.\"</p><p>6、<a href=\"https://ttm.financial/NW/2217541424\" target=\"_blank\">Refuse to follow the trend! Uniqlo's founder says he will continue operating in Russia.</a></p><p>Following the escalation of the Russia-Ukraine conflict, Western countries imposed sanctions on Russia, while large European and American companies also withdrew from the country. Despite wave after wave of companies choosing to withdraw from the Russian market, some companies 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 on increasing his holdings in Occidental Petroleum: $4.5 billion invested in five days, buying as much as he could.</a></p><p><a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Chairman Warren Buffett revealed his recent large-scale holdings in an interview on Monday.<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>According to the company's stock history, he spent a whopping $4.5 billion in five trading days last week, buying 91.2 million shares, which is worth more than $5 billion at the current share 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 surge, European stocks enter bear market</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 surge, European stocks enter bear market\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>Abstract: ① U.S. stocks closed sharply lower on Monday, with the S&P 500 down nearly 3% and the Nasdaq Composite down more than 3%, entering a bear market; ② Commodity futures surged again, with LME nickel prices rising nearly 80% at one point; ③ The third round of Russia-Ukraine negotiations yielded no substantial results, and ceasefire consultations will continue; ④ The EU plans to reduce its dependence on Russian natural gas by nearly 80% this year. Overseas markets</p><p>1. Closing: US stocks closed lower, with the Dow Jones Industrial Average falling 800 points due to conflict and inflation concerns.</p><p>U.S. stocks closed sharply lower on Monday, with the S&P 500 falling nearly 3%, its biggest drop in over a year, the Dow Jones Industrial Average falling nearly 800 points, and the Nasdaq Composite falling more than 3%, entering a bear market, all hitting new one-year lows. The Dow Jones Industrial Average fell 2.37%, the Nasdaq Composite fell 3.62%, and the S&P 500 fell 2.95%.</p><p>2. Most popular Chinese concept stocks closed lower on Monday.<a href=\"https://laohu8.com/S/NIU\">Niu Electric</a>Down nearly 17%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Down more than 8%</p><p>Most popular Chinese concept stocks closed lower on Monday, with Niu Technologies falling nearly 17% after its financial report showed that Q4 net profit fell 18% year-on-year.<a href=\"https://laohu8.com/S/LAIX\">Fluent Theory</a>It fell by more than 17%, and Bilibili fell by more than 8%; New energy vehicle stocks declined.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell nearly 8%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It fell more than 5%.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/SPI\">solar power</a>Up more than 28%,<a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>It rose more than 21%, and Yiqi 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\">micro-beauty holographic</a>It rose more than 6%.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose more than 4%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose more than 3%.</p><p>3. The US may boycott Russian crude oil; US WTI crude oil closed up 3.2%.</p><p>Crude oil futures prices were supported as the US, UK, and other countries considered banning Russian oil imports. West Texas Intermediate (WTI) crude oil for April delivery on the New York Mercantile Exchange rose $3.72, or 3.2%, to settle at $119.40 a barrel. According to FactSet data, this is the highest closing price since September 2008, based on near-month contracts. WTI crude oil rose 26.30% last week.</p><p>4. Brent crude once approached $140; the possibility of a Russian oil embargo has raised crisis concerns.</p><p>Oil prices experienced their largest single-day volatility in history, having previously surged to nearly $140 before falling back as the United States indicated it was considering banning imports of Russian crude oil, exacerbating the possibility of supply shortages.</p><p>Brent crude oil prices fell back to around $121. Such oil price levels are exacerbating concerns about a major inflationary shock to the global economy. Sources familiar with the matter say the Biden administration is considering whether to ban Russian oil imports, at least initially, without the participation of European allies. Germany said it had no plans to suspend imports of Russian energy, exacerbating market volatility.</p><p>5. Gold futures closed up 1.5% on Monday, briefly breaking through the $2,000 mark during the session.</p><p>Gold futures closed higher on Monday, hitting their highest closing price since August 2020. The renewed escalation of the Russia-Ukraine conflict has fueled risk aversion, pushing gold futures prices above the $2,000 per ounce mark on Monday.</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $29.30, or 1.5%, to settle at $1,995.90 an ounce, before rising as high as $2,007.50 an ounce during the session.</p><p>6. European stock markets fell into a bear market amid soaring energy prices.</p><p>European stock markets fell to their lowest level in a year, with the DAX index and the Eurozone Stoxx 50 index closing in a bear market as soaring oil prices raised concerns that high inflation would damage economic growth.</p><p>The DAX index closed down 2% to its lowest level since November 2020, and has fallen 21% from its record high in January. The Eurozone Stoxx 50 index closed down 1.2%, also in a bear market.</p><p>7. European natural gas prices surge 79%, market chaos drives prices to record highs.</p><p>European benchmark natural gas futures surged 79% to the equivalent of more than $600 per barrel of crude oil, marking the most chaotic trading conditions in history. The surge could trigger massive margin calls, prompting companies to buy exchange-traded contracts to avoid paying cash, which in turn could lead to a further surge in futures prices.</p><p>Related to the situation between Russia and</p><p>1. The third round of Russia-Ukraine talks yielded no substantial results; ceasefire negotiations will continue.</p><p>Following the conclusion of the third round of Russia-Ukraine negotiations, a member of the Ukrainian delegation stated that consultations with Russia on a ceasefire and cessation of hostilities would continue, and that no substantial results had been achieved so far. Ukrainian Presidential Advisor Podolyak also stated that the third round of Russia-Ukraine talks failed to achieve any results that could substantially improve the situation.</p><p>The head of the Russian delegation, Mezinsky, stated that Russia hopes the humanitarian corridor will begin operating tomorrow, and Ukraine has provided assurances regarding this. Russia's expected goals for talks with Ukraine in the Brest region have failed to materialize.</p><p>2. The impact of the Russia-Ukraine war is already evident on food shelves in many countries, and concerns about a global food crisis are rising.</p><p>The impact of Russia's military operation in Ukraine on global crop markets is already visible on store shelves.</p><p>Fears of soaring sunflower oil prices led to a buying frenzy in Türkiye over the weekend, with a video of people scrambling for lower-priced sunflower oil in a store sparking heated discussions. Some chain supermarket 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 rising costs. In the Greater Cairo area, a pack of five pieces of flatbread costs about 7.5 Egyptian pounds ($0.48), compared to 5 Egyptian pounds a week ago.</p><p>3. The Ukraine-Russia conflict is disrupting the global shipping industry, and ocean freight rates may rise two to three times.</p><p>The Ukraine-Russia war could disrupt the global shipping industry, which is recovering from the COVID-19 pandemic. As sanctions begin to impact trade, Maersk (AMKBY.US) and Mediterranean Shipping, the largest Shipping container groups, have suspended bookings to and from Russia.</p><p>Ocean freight rates could even rise two to three times from the current price of $10,000 per 40-foot container, according to Glenn Kupk of supply chain consultancy FourKites.</p><p>International macro</p><p>1. The EU plans to reduce its reliance on Russian natural gas by nearly 80% this year.</p><p>According to two officials familiar with the matter, the European Commission is planning a path to end its dependence on Russian natural gas, which could lead to a nearly 80% reduction in import demand this year. In an effort to weaken the Kremlin's leverage, the European Commission revised its energy strategy following Russian President Vladimir Putin's military operation against Ukraine. An official said the plan, which will be submitted on Tuesday, includes finding new sources of natural gas and improving energy efficiency, with the goal of eliminating dependence on Russia well before 2030.</p><p>2. U.S. Senators 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 they have reached an agreement on the outline of a bill to sanction Russia, saying they will jointly draft legislation to suspend normal trade relations with Russia and Belarus and authorize the Biden administration to raise tariffs on 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 Gold and Silver Market Association said on Monday that it has suspended the qualifications of all six Russian gold and silver smelters as good suppliers following sanctions imposed on Russia by the United States, the European Union, and the United Kingdom. Products manufactured by these companies before their eligibility was suspended will still be accepted.</p><p>4. The British Prime Minister stated that Britain will \"gradually\" reduce its dependence on Russian oil and gas.</p><p>British Prime Minister Boris Johnson said that in the face of tensions between Russia and Ukraine, Britain will \"gradually\" wean itself off its dependence on Russian oil and gas. He also called on Western countries to work together to ensure energy alternatives.</p><p>Following meetings with Canadian Prime Minister Justin Trudeau and Dutch Prime Minister Rutte, Johnson said that Britain would develop a new energy supply strategy in the coming days and noted that Britain was considering using more of its own fossil fuels. However, he also emphasized that the UK has not abandoned its commitment to reducing carbon emissions.</p><p>5. The food crisis is urgent; the EU may consider relaxing import bans on genetically modified grains and herbicide-involved crops.</p><p>As major global oil and grain producing regions are embroiled in turmoil, the European Union, which insists on high standards for food imports, is also beginning to worry about its food supply.</p><p>According to media reports on Monday, citing Spanish Agriculture Minister Luis Planas, the European Union may consider temporarily lifting the ban on importing genetically modified grains from the United States and South America to help farmers weather the current chaotic times. Spain and France have also proposed exemptions for those who have used herbicides.<a href=\"https://laohu8.com/S/000061\">agricultural products</a>Imports are primarily aimed at increasing inventories and finding alternative supply channels for important grains, primarily corn, which is also a major source of animal feed.</p><p>Company News</p><p>1、<a href=\"https://ttm.financial/NW/1133636608\" target=\"_blank\">Uber raises first-quarter earnings forecast: Consumers eager to travel again</a></p><p>Uber has reportedly raised its first-quarter 2022 earnings forecast due to a faster-than-expected rebound in ride-hailing demand impacted by the pandemic. Uber's stock price rose by about 2% at one point in pre-market trading on March 7. Meanwhile, rival Lyft's stock price also rose by more than 2%.</p><p>In a filing with the U.S. Securities and Exchange Commission (SEC), Uber now expects its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the first quarter of this year to be between $130 million and $150 million, higher than its previous expectation of between $100 million and $130 million.</p><p>2、<a href=\"https://ttm.financial/NW/1185303476\" target=\"_blank\">Intel Autonomous Driving Business Unit Mobileye Secretly Submits IPO Application</a></p><p>According to reports, Intel announced on March 7 that its autonomous vehicle business unit, Mobileye, has secretly submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), proposing to conduct an initial public offering (IPO) of Mobileye shares. Currently, the number and price of new shares to be offered have not been determined. The IPO date will take place after the SEC completes its evaluation process, and the specific timing will depend on market and other conditions.</p><p>3、<a href=\"https://ttm.financial/NW/2217544945\" target=\"_blank\">Tesla's biggest bull: Berlin's \"Gigafactory\" approved, clearing up the biggest suspense for the stock.</a></p><p>Dan Ives, a well-known Tesla bull and analyst at investment bank Wedbush, said in a report to investors on March 6 that the approval of the Berlin Gigafactory for production is crucial for Tesla.</p><p>Ives wrote, \"The 'biggest suspense' for Tesla stock has been eliminated after German authorities said Tesla could begin production at its new factory in Berlin.\"</p><p>4、<a href=\"https://ttm.financial/NW/2217448301\" target=\"_blank\">Wedbush: Gives Apple an \"Outperform\" rating for its upcoming spring product launch event.</a></p><p>Apple will hold its 2022 Spring Event at 10:00 a.m. local time on March 8 (2:00 a.m. Beijing time on March 9). The market widely expects it to launch a new iPhone SE with 5G capabilities, as well as new iPad Airs and Macs 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 with a target price of $200.</p><p>5、<a href=\"https://ttm.financial/NW/2217415574\" target=\"_blank\">Coal giant Peabody plunged more than 24% at one point, forcing it to add large amounts of margin as coal prices soared.</a></p><p>On Monday, March 7, Peabody Energy, the world's largest privately held coal company, plummeted by more than 24% in the U.S. stock market, falling sharply from a near three-year high set last Friday since mid-May 2019, nearly erasing all of its gains for the month.</p><p>This is mainly due to the company's announcement stating that...<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>A financing arrangement was reached under which the latter provided a $150 million unsecured, multiple-drawable credit line to support Peabody, whose coal mines are primarily located in the United States and Australia, for its \"potential near-term liquidity needs.\"</p><p>6、<a href=\"https://ttm.financial/NW/2217541424\" target=\"_blank\">Refuse to follow the trend! Uniqlo's founder says he will continue operating in Russia.</a></p><p>Following the escalation of the Russia-Ukraine conflict, Western countries imposed sanctions on Russia, while large European and American companies also withdrew from the country. Despite wave after wave of companies choosing to withdraw from the Russian market, some companies 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 on increasing his holdings in Occidental Petroleum: $4.5 billion invested in five days, buying as much as he could.</a></p><p><a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Chairman Warren Buffett revealed his recent large-scale holdings in an interview on Monday.<a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>According to the company's stock history, he spent a whopping $4.5 billion in five trading days last week, buying 91.2 million shares, which is worth more than $5 billion at the current share 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":{"SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","BK4550":"红杉资本持仓","BK4561":"索罗斯持仓","TQQQ":"纳指三倍做多ETF","BK4534":"瑞士信贷持仓","PSQ":"做空纳斯达克100指数ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares",".SPX":"S&P 500 Index","QLD":"2倍做多纳斯达克100指数ETF-ProShares","03086":"华夏纳指",".DJI":"道琼斯"},"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,"NQmain":0.9,".DJI":0.9,"QQQ":0.9,".SPX":0.9,"QLD":0.9,"SQQQ":0.9,"03086":0.9,"PSQ":0.9,"TQQQ":0.9,".IXIC":0.9,"QID":0.9}},"isVote":1,"tweetType":1,"viewCount":5305,"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":[],"title":"","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":"Reports indicate that NIO is expanding its leased office in California and may be preparing to begin 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 understood that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker's U.S. subsidiary recently signed a ten-year lease for an office building in San Jose, California, doubling the current footprint of its headquarters to nearly 18,580 square meters.</p><p>A Mercury News investigation revealed that the lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support Nio Motors' research and digital development, testing, assembly, warehousing, and operations. Previous reports indicated that Nio North America had opened job postings for 46 positions on LinkedIn, including Head of User Infrastructure Construction and Preparedness.</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>Reports indicate that NIO is expanding its leased office in California and may be preparing to begin 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\">\nReports indicate that NIO is expanding its leased office in California and may be preparing to begin 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 understood that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker's U.S. subsidiary recently signed a ten-year lease for an office building in San Jose, California, doubling the current footprint of its headquarters to nearly 18,580 square meters.</p><p>A Mercury News investigation revealed that the lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support Nio Motors' research and digital development, testing, assembly, warehousing, and operations. Previous reports indicated that Nio North America had opened job postings for 46 positions on LinkedIn, including Head of User Infrastructure Construction and Preparedness.</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":4708,"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":[],"title":"","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":"Reports indicate that NIO is expanding its leased office in California and may be preparing to begin 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 understood that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker's U.S. subsidiary recently signed a ten-year lease for an office building in San Jose, California, doubling the current footprint of its headquarters to nearly 18,580 square meters.</p><p>A Mercury News investigation revealed that the lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support Nio Motors' research and digital development, testing, assembly, warehousing, and operations. Previous reports indicated that Nio North America had opened job postings for 46 positions on LinkedIn, including Head of User Infrastructure Construction and Preparedness.</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>Reports indicate that NIO is expanding its leased office in California and may be preparing to begin 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\">\nReports indicate that NIO is expanding its leased office in California and may be preparing to begin 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 understood that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker's U.S. subsidiary recently signed a ten-year lease for an office building in San Jose, California, doubling the current footprint of its headquarters to nearly 18,580 square meters.</p><p>A Mercury News investigation revealed that the lease was brokered by real estate firm Colliers, which noted that the new U.S. headquarters will support Nio Motors' research and digital development, testing, assembly, warehousing, and operations. Previous reports indicated that Nio North America had opened job postings for 46 positions on LinkedIn, including Head of User Infrastructure Construction and Preparedness.</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":4829,"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,"authorIdStr":"4098191840350010","idStr":"4098191840350010"},"themes":[],"title":"","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":"Another crash! Bitcoin fell below $20,000 and 100,000 people were liquidated 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 cryptocurrency world has been experiencing a series of thunderstorms, continuously staging a super storm. On August 27, Bitcoin prices plummeted, falling nearly $900 during the day to a low of $19,931, a drop of more than 69% from the year-to-date high of $64,900 on April 14, hitting a new low since July 14. According to data from Watcher.Guru, the global cryptocurrency market capitalization shrank by $70.63 billion in the past 24 hours. As of press time, Bitcoin was trading at $20,005.22, down 1.2%. Meanwhile, margin calls continue to occur in the futures contract market. Data from the cryptocurrency industry shows that virtual currencies...</p><p><a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">Web page 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>Another crash! Bitcoin fell below $20,000 and 100,000 people were liquidated 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\">\nAnother crash! Bitcoin fell below $20,000 and 100,000 people were liquidated 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 cryptocurrency world has been experiencing a series of thunderstorms, continuously staging a super storm. On August 27, Bitcoin prices plummeted, falling nearly $900 during the day to a low of $19,931, a drop of more than 69% from the year-to-date high of $64,900 on April 14, hitting a new low since July 14. According to data from Watcher.Guru, the global cryptocurrency market capitalization shrank by $70.63 billion in the past 24 hours. As of press time, Bitcoin was trading at $20,005.22, down 1.2%. Meanwhile, margin calls continue to occur in the futures contract market. Data from the cryptocurrency industry shows that virtual currencies...</p><p><a href=\"http://www.nbd.com.cn/articles/2022-08-28/2434508.html\">Web page 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":4946,"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":[],"title":"","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 get through the darkest hours?","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 represents risk, what goes down represents opportunity. True investors should become more pessimistic about good companies and stocks as they rise, and more optimistic as they fall. Investing is against human nature, so only a few people are destined to succeed. What we need to do is improve our thinking and cognition; investing is essentially the monetization of cognition.</p><p>Whether it's an individual stock or the overall market, the bottom is not a single point, but a range. If you buy too early, you might experience your darkest hour, but buying cheaply is the key; greatness is built through perseverance. Value investing is about being 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 world-class investment gurus weathered the market's darkest moments; it might offer some inspiration.</p><p><b>1. How Buffett got through his darkest hours</b><b>1.1 Unafraid of \"Black Monday,\" decisively buy the dip against the trend.<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a></b></p><p>On Black Monday, October 19, 1987, the U.S. stock market crashed.<b>The Dow Jones Industrial Average fell 508.32 points, or 22.62%. If calculated by market capitalization, nearly $500 billion evaporated that day. The US GDP that year was about $4.87 trillion, a single-day drop of more than one-tenth of GDP.</b>The plunge in US stocks triggered a global financial tsunami, with stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places experiencing successive sharp declines.</p><p><b>On that day, Warren Buffett lost $342 million. In a week, Buffett's holdings<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway's stock price plummeted by 25%.</b>However, unlike ordinary investors, Buffett did not rush to sell his stocks after suffering huge losses, nor did he inquire about information everywhere. According to media reports,<b>All day long, he stayed quietly in his office as usual, making phone calls, reading newspapers, and looking at the annual reports of listed companies.</b></p><p>At the subsequent Buffett Group shareholders' meeting,<b>When asked by the media what the 1987 stock market crash meant, Buffett calmly replied, \"Maybe it rose too high.\" \"Long-term investment, be a friend of time,\" \"Buy excellent companies at reasonable prices,\" and \"Predicting the market is meaningless; we should focus on the company itself\" were all investment creeds put forward by Buffett at that time.</b></p><p>Buffett firmly believes that the stock market will pass, the stock market will return to normal, and the stock prices of high-quality companies will eventually reflect their intrinsic value. He firmly believes in his investment philosophy and strives to find companies that have a long-term and sustainable competitive advantage.<b>After the stock market crash, the calm Buffett began to \"pick up bargains\". In 1988, Buffett bought Coca-Cola, a stock that would make him a fortune for decades to come.</b>Since his initial purchase in 1988, Coca-Cola has been one of Buffett's top holdings.<b>In 2022, facing instability in global financial markets, Coca-Cola bucked the trend and its stock price hit a historic 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 2008 financial crisis struck, during the darkest hour of market panic, Buffett made a statement in October of that year...<a href=\"https://laohu8.com/S/NYT\">New York times</a>He published the famous article \"I'm Buying America\".</b>：</p><p>\"Whether in the United States or elsewhere in the world, financial markets are in chaos. The financial crisis has permeated the overall economy, and now this permeation has exploded, with unemployment expected to rise in the near future.\"<b>Business activity will stagnate and the headlines continue to be scary news. So I started buying American stocks.</b></p><p><b>And why? Because I follow a simple creed: I am afraid when others are greedy, and I am greedy when others are fearful.</b></p><p>Of course, in most cases, fear spreads, and even experienced investors cannot resist this fear. However, one thing is certain: investors should remain wary of entities or companies with weak competitive positions but excessive leverage.<b>But for many highly competitive companies, there is no need to worry about their long-term prospects. These companies' profits will also fluctuate, but most large companies will set new profit records in 5, 10, or 20 years.</b></p><p><b>To clarify, I cannot predict short-term movements in the stock market, and I dare not make any rash statements about how stocks will rise or fall over a month or a year. However, it is very likely that the stock market will rise, and possibly surge, before market confidence returns or the economy recovers. 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 US stock market began a bottom out, ushering in a decade-long bull market, and Buffett and his Berkshire Hathaway once again achieved asset appreciation.</b>Over the 12 years from 2009 to the end of 2021, the Dow Jones Industrial Average rose from a low of 6,440 points to 36,952 points, an increase of...<b>5.7 times</b>； The S&P 500 index rose from a low of 666 points to 4818 points.<b>Increase of 7.23 times</b>； The Nasdaq index rose from a low of 1265 points to 16212 points.<b>12.8 times increase</b>。</p><p><b>1.3 Investment Quotes</b></p><p><b>1) You are afraid when others are greedy, and you are greedy when others are fearful.</b></p><p><b>2) When some large companies experience 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) Good opportunities are the kind that scream at you to buy. For example, in 2008, asset prices became cheap, so we shouldn't be afraid at that time. Throughout your investment career, you will probably encounter such a golden opportunity about six times.</b></p><p>4) The advantage of 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 being thrown one by one, and<b>Waiting for the one who reaches the best position.</b></p><p><b>5）</b>Good companies fall due to market reversals and unreasonable stock prices, presenting a great investment opportunity.<b>I prefer to see the market fall. When there is a sharp drop, it is easier to buy good goods and make good use of money.</b></p><p><b>6) Invest in companies instead of stocks. It is foolish to own a stock and expect it to rise tomorrow morning.</b></p><p><b>7) When a large, powerful company encounters a huge but resolvable crisis, an excellent investment opportunity quietly arises.</b></p><p><b>2. How did Munger get through his darkest hour?</b><b>2.1 Behind every brilliant achievement lie hardships. Investors should be adept at \"waiting,\" as greatness is achieved through perseverance.</b></p><p>Munger is Buffett's golden partner and vice chairman of Berkshire Hathaway. He and Buffett teamed up to create an unprecedented...<b>The best investment record – an average annual compound return of over 20%.</b></p><p><b>Behind the brilliant investment achievements are also difficult times. Munger lost 31.9% in 1973.</b>In contrast, the Dow Jones Industrial Average fell 13.1%; It lost 31.5% in 1974, and the Dow Jones Industrial Average fell 23.1%. Recalling those two years, Munger himself later said, \"It was a difficult experience—1973 to 1974 was a very unpleasant experience.\"</p><p>But even so, looking back at that decline, Munger...<b>I still believe that most stock prices had fallen to drool-worthy lows in those two years, presenting a very good opportunity.</b>He even lamented that he and Buffett might never see these opportunities again. Munger said, \"We were crushed by the market between 1973 and 1974 because our stocks had to trade at less than half their true value.\"</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 funds were invested in blue-chip printing companies. During the worst bear market since the Great Depression, blue-chip printing companies brought a significant amount of pullback/retracement to Munger's portfolio. However, Blue Chip Print later became an important asset for the fund, providing substantial funding for its subsequent acquisitions of Seesee Candy, the Buffalo Evening News, and Wesco Financial.</p><p><b>Munger's secret to investment success lies not in buying and selling to gain wealth, but in waiting. Munger believes that if you want to make big money, you must be good at waiting. I'd rather look foolish than impatiently follow the crowd. Munger's investment wisdom isn't actually some profound principle; the difficulty lies in diligently executing and persisting. The waiting process is counterintuitive.</b>，<b>Many people can't do it.</b></p><p><b>One of the most important reasons why Buffett and Munger became masters is that they understood the core principles at a very young age and persevered throughout their lives.</b>In Munger's view,<b>If you can't cope with market declines exceeding 50% two, three, or more times in a century, you're not suited to investing.</b>Furthermore, compared to investors who can rationally handle market fluctuations, they can only obtain relatively mediocre investment returns.</p><p>Under Munger's guidance, Buffett has also iterated and updated his investments over the years, no longer clinging to the early \"low-priced cigarette butt stock\" investment philosophy, but broadening his horizons.<b>Invested<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Waiting for a group of tech growth companies to also look globally and invest...<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 something promising. Sometimes we encounter economic tailwinds, sometimes we encounter headwinds, but no matter what, we keep moving forward.</b>。</p><p>2) To invest, you don't need a lot of action, but...<b>A lot of patience</b>。</p><p><b>3) If you cannot handle a market decline of more than 50% with composure, you are not suitable for investing.</b></p><p>4）<b>Learn to bear losses</b>You need the ability not to go crazy even if you suffer losses and are in adversity.</p><p><b>3. How Howard Marks got through his darkest hours</b><b>3.1 Fully recognize the \"tricks\" of bull and bear markets, go against the trend, and avoid following the crowd.</b></p><p>Howard Marks is a renowned investment guru and an American...<a href=\"https://laohu8.com/S/OAK\">Oaktree Capital</a>Founder of the management company. When he first entered the industry, a senior colleague told him a trick about a bull market. The senior said,<b>A bull market is actually very simple, divided into three phases.</b>: First stage,<b>A few visionaries began to believe that everything would be better.</b>； In the second phase, most investors realize that progress has indeed occurred; 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 has come to an end.</b></p><p>Howard Marks discovered this during the 2008 subprime mortgage crisis.<b>A bear market also has three stages:</b>First, a few investors sensed the risk amidst the frenzy; Then most investors began to feel the deterioration of the situation;<b>In the end, everyone was immersed in pessimism, believing that the situation would only get worse and that the bear market might have bottomed out.</b></p><p>Max believes that,<b>The key to successful investing lies in going against the trend—not following the crowd. The most interesting thing about investing is its contradictions; the most obvious things that everyone agrees on are often proven wrong. Only when most people cannot see the investment value will the price be lower than the value. The key to success cannot be the judgment of the group.</b>Trends and group consensus are factors hindering success. Therefore, most investors are trend followers, while outstanding investors are the opposite; they...<b>Using second-level thinking</b>Avoid similar investment portfolios and conduct<b>contrarian investment</b>。</p><p><b>3.2 Understand that the market is not entirely \"effective,\" and find the perfect moment.</b></p><p><b>The core logic behind Marx's willingness to trade against the market trend is his understanding of market effectiveness.</b>The efficient market hypothesis holds that in a stock market with sound laws, high transparency, and full competition, all available information is reflected in asset prices in a timely, accurate, and sufficient manner, unless there is market manipulation.<b>According to Marx, efficient market theory is not the whole truth about financial markets. Mainstream markets have indeed become increasingly efficient, but ineffectiveness will always exist.</b>Because humans are a complex of rationality and emotion, most people are driven by greed, fear, jealousy, and other emotions that undermine objectivity and lead to major mistakes. Therefore, the market price given by humans cannot be absolutely fair, that is, it will not always be valid or invalid.</p><p>In 2008, with the collapse of Lehman Brothers, Wall Street was in a state of panic, and some even predicted that the entire financial system was about to collapse, leading to a frenzy of asset selling.<b>However, in the three months following Lehman Brothers' bankruptcy, Oaktree Capital bucked the market trend by spending more than $6 billion to acquire senior guaranteed bonds from highly leveraged companies such as utilities at about 50% below their actual face value.</b>Ultimately, as the economy recovered, most of the bonds they took over were repaid at face value within a few months.<b>Oak Tree doubled its returns, becoming one of the few big winners in this financial crisis.</b></p><p>Howard Marks invested<b>The secret to his success lies in his ability to act against the trend, avoiding panic when a crisis strikes, and using his second-layer thinking and understanding of market effectiveness to operate against the market.</b>Successful Investment<b>It's not about \"buying well,\" but about \"buying well.\"</b>, that is<b>Buy at a price below its value and wait for the asset price to converge to its value.</b>That's the true essence of investing, the most reliable way to make money.</p><p><b>3.3 Investment Quotes</b></p><p>1）<b>Excellent investing requires a second level of thinking, a more complex and insightful way of thinking that is different from that of ordinary people.</b>What is second-level thinking?</p><p><b>The first level of thinking suggests that the company will experience sluggish growth and worsening inflation. Let's get rid of the stock. The second level of thinking says: The company's prospects are terrible, but everyone is selling stocks in panic; we should buy them.</b></p><p>The first level of thinking says: This company's profits will fall, so sell. The second level of thinking suggests that the company's profits will fall less than people expect, and there will be unexpected surprises that will drive up the stock. Buy in.</p><p>The first level of thinking says: This is a good company, let's buy the stock. 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 priced; let's sell it.</p><p><b>The first level of thinking is simple and superficial, and almost everyone can do it. The second level of thinking is profound, complex, and roundabout.</b></p><p>2）<b>You can't expect to win when you're doing the same thing as others.</b>Breaking with convention isn't the goal, but it's a good way of thinking. To make money when a crisis occurs:<b>First, you need money; second, you need courage to invest that money.</b>。 When both are present, this is the formula for success.</p><p>3) To some extent,<b>Trends and group consensus are factors hindering success.</b>Similar portfolios are something we should avoid. Due to market pendulum swings or market cyclicality, obtaining...<b>The key to ultimate victory lies in contrarian investing.</b></p><p>4）<b>Remember that everything has a cycle. The cycle always prevails in the end. Nothing can go in the same direction forever. Trees don't grow to the sky. Very few things reset to zero. Insisting on speculating about the future based on today's events is the greatest harm to investors' investment activities.</b></p><p>5）<b>Emotional fluctuations in the stock market are similar to the swing of a pendulum.</b>When conditions are good and prices are high, investors rush to buy, leaving all caution behind. When the surrounding environment is chaotic and assets are cheap to sell, investors have completely lost their willingness to take risks and are eager to sell. Always will be.</p><p><b>4. How did Dario get through his darkest moments?</b><b>4.1 Bridgewater Associates' all-weather strategy emphasizes proactively seizing suitable market opportunities.</b></p><p>Dalio is the founder of Bridgewater Associates, the world's largest hedge fund, with assets under management exceeding $200 billion.</p><p>Dalio proposed an \"all-weather strategy,\" emphasizing the use of...<b>Scientific economic quantitative model for active asset management</b>, fusion<b>Macroeconomic forecasting, asset class selection, portfolio risk management</b>Create a complete asset management system in three major areas. By analyzing the macroeconomic environment, dividing it into different stages according to economic growth and inflation levels, finding asset classes suitable for each state, and then allocating it to stocks, commodities, and bonds to build the final investment portfolio.</p><p><b>4.2 Responding to crises: Instead of complaining about dangers, seize opportunities.</b></p><p><b>Dalio has proven to many investors that instead of passively complaining about the market, they should actively respond to risks, adjust their investment mindset according to market conditions, and restructure their portfolios. This has enabled Bridgewater Associates to perform exceptionally well in multiple crises.</b></p><p><b>Black Monday 1987</b>Dalio's Bridgewater Fund bucked 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, with many funds performing very poorly. Many prominent financial institutions were at risk; Lehman Brothers collapsed, and Bear Stearns was taken over by other financial institutions.<b>Bridgewater, however, bucked the trend and achieved a positive return of 14%.</b></p><p><b>In 2010, the sovereign debt crisis broke out in Europe, and the overall performance of the industry was very dismal, but Bridgewater...</b>They performed exceptionally well<b>Its \"Pure Alpha Fund,\" with a size of $70 billion, achieved a 45% return in 2010.</b>Bridgewater's overall return also reached a record high that year.</p><p><b>Crisis can make people grow, crisis is both danger and opportunity, danger contains opportunity. It's easier said than done, but Dalio truly did just that, turning danger into opportunity and reaping substantial returns amidst market turmoil.</b></p><p>In<b>Principles</b>In his book, Dalio shares three things he learned from the market crash:</p><p><b>First, one should not be overly confident and allow oneself to be swayed by emotions.</b>No matter how much I know, no matter how diligent I am, I should not confidently make absolute assertions.</p><p>Second, I realized once again<b>The value of studying history</b>；</p><p>Third,<b>Seizing market opportunities is quite difficult for most people.</b>。</p><p><b>4.3 Investment Quotes</b></p><p>1) Investors' crimes<b>The biggest mistake is to think that what has happened recently may continue.</b></p><p><b>2) I will not dwell on the present.</b></p><p><b>3）</b>Investors are always more likely to make the decision to sell when the market is declining. Giving in to fear is not a wise strategy, because it will not succeed. Conversely, when the market is falling, investors need to do the opposite:<b>When you are no longer afraid, you may need to sell; When you feel fear, you may need to buy.</b></p><p><b>4）</b>Wise people always keep a close eye on sound fundamentals through various ups and downs, and<b>Frivolous people follow their feelings, react emotionally, rush into popular things, and quickly give up when they're not hot.</b></p><p><b>5. How Graham got through his darkest hours</b><b>5.1 Buy at low prices + hedge against risks; do not resort to withdrawal to cope with a stock market downturn.</b></p><p>Benjamin Graham is known as the \"Godfather of Wall Street\". His representative works include \"Securities Analysis\" and \"The Intelligent Investor\". He believes that the world is original<b>There is no way to get rich overnight; often the simplest method is the best method.</b>He advised investors to maintain the right attitude, trust common sense, and think for themselves.<b>To achieve investment success, an investor must possess both good business analysis and judgment skills and a rational ability to isolate their thoughts and actions from the emotions circulating in the market.</b></p><p>In 1936, Wall Street fell into another slump, and for most investors, another severe test was about to be faced.<b>At this point, Graham did not fall into pessimism like other investors. Instead, he made full use of stock investment analysis methods to search for stocks worth investing in.</b>He doesn't focus on predicting the future trend of the securities market or the future outlook of individual stocks based on their past performance, but mainly...<b>Whether a stock's market capitalization is lower than its intrinsic value is used as a judgment standard.</b>In particular, stocks below their liquidation value are a key focus of his attention.</p><p><b>Graham bought a large number of low-priced shares for Graham Newman during the stock market downturn.</b>Moreover, as before the stock market crash of 1929, Graham took various risk-averse measures against all his investments, and this time he protected his assets more thoroughly.<b>On the one hand, Graham adopted a diversified investment approach to avoid risk. On the other hand, he invested in preferred shares, using preferred shares to obtain low-interest financing and at the same time receive about 50% dividends, while common stocks do not guarantee dividends, thus achieving the purpose of avoiding risk.</b></p><p>Graham's investment strategies and techniques demonstrate both resilience to sustained downturns and profitability in weak markets.<b>When the stock market began to reverse, Graham bought a large number of low-priced stocks during the stock market downturn, which resulted in huge returns.</b>Between 1936 and 1941, although the stock market generally declined, Graham Newman's average annual investment return during this period significantly outperformed the S&P 500, which suffered an average loss of 0.6% during the same period.</p><p>Looking at a longer timeline,<b>From 1936 to 1956, Graham recorded an average annual investment return of no less than 14.7%.</b>This could rank among the best long-term returns ever recorded on Wall Street.</p><p><b>5.2 Investment Quotes</b></p><p><b>1) A bull market is the main reason for losses for ordinary investors.</b></p><p>2) Buying stocks is part of buying a business.</p><p>3) The market always oscillates between overexcitement and overpessimism.<b>Wise investors buy from overly pessimistic people and sell to overly excited people.</b></p><p>4) Your own performance has a far greater impact on investment returns than the performance of the securities themselves.</p><p>5) Be meticulous about stock prices, shopping like a supermarket, not like buying cosmetics.</p><p><b>6) The risk of rising stocks increases rather than decreases, and the risk of falling stocks decreases rather than increases.</b></p><p>7) During a bull market, it is rare to see listed companies holding more cash than their stock price, but<b>There are more opportunities than you might imagine during 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 seeking profits from them.<b>Investors are primarily interested in acquiring and holding the right stocks at the right price.</b></p><p><b>9) Most investors believe that in order to avoid investment risks, it is best to withdraw from the stock market and cut off all positions. However, withdrawing from the stock market is not the best way to deal with a stock market downturn.</b></p><p><b>6. How Peter Lynch got through his darkest hours</b><b>6.1 Reject fear-driven selling</b></p><p>Peter Lynch is an accomplished stock investor and mutual fund manager. From 1977 to 1990, Peter Lynch managed the Magellan Fund for 13 years, creating an investment miracle and myth.<b>Magellan's assets under management grew from $20 million to $14 billion.</b>With over 1 million holders, the fund was the largest mutual fund in terms of assets under management globally at the time.</p><p><b>Lynch's Magellan Fund achieved an annualized compound return of 29% over 13 years. But on October 19, 1987, the Magellan Fund's net asset value lost 18%, a loss of as much as $2 billion. Amid panic, investors rushed to redeem their shares, resulting in Magellan Fund's redemption volume reaching 1.3 billion in October, while only 689 million shares were purchased.</b></p><p><b>In his book \"Peter Lynch's Successful Investing,\" he recorded his emotional journey during the 1987 stock market crash: \"At that moment, I really couldn't be sure whether it was the end of the world, whether we were about to fall into a severe Great Depression, or whether things hadn't gotten that bad.\" Lynch summarized that the stock market crash taught him many lessons:</b></p><p><b>First, investors should ignore the ups and downs of the stock market. If you desperately sell stocks during a stock market crash, your selling price will often be very low.</b></p><p><b>Secondly, even if you are very panicked, you should stay alert.</b>Instead of selling off so much at once, you should gradually reduce your holdings. Only in this way can you ultimately obtain a higher return on investment than investors who sell all their stocks due to panic.</p><p><b>Third, in the end, the excellent companies will win, while the average companies will fail, and investors in these two completely different types of companies will receive completely different returns accordingly.</b>This has proven to be the case.<b>By June 1988, the market had rebounded more than 400 points, or 23%. If it had been sold in October 1987, the losses would have been severe.</b></p><p><b>6.2 Investment Quotes</b></p><p>1) Stock market crashes are as common as the January blizzard in Colorado. If you are prepared, it won't affect you much.<b>A stock market crash is actually a great opportunity to buy stocks. At that time, panicked investors sold off their shares, and stock prices naturally dropped significantly.</b>You can then take the opportunity to pick up many cheap stocks.</p><p><b>2) Typically, a company's performance is unrelated to its stock price over several months or even years. However, in the long run, the two are 100% related.</b>This difference is key to making money.<b>Be patient and hold good stocks.</b></p><p><b>3) Everyone has the brains to make money in the stock market. But not everyone has that kind of courage. If you are prone to selling stocks during stock market panics, you should stay away from the stock market and funds.</b></p><p><b>4）</b>When you invest in the short term, you can only earn 90%.<b>When you invest long-term, you can earn tenfold.</b></p><p><b>5) The historical patterns of stock market fluctuations tell us that all major crashes will pass, and the stock market will always rise higher.</b>Historical experience also shows that,<b>A stock market crash is actually a good opportunity to release risk and create investment opportunities, allowing you to buy stocks of excellent companies at very low prices.</b></p><p>6）<b>Emotions can be a real performance killer,</b>A market downturn can easily lead you to sell in panic, or a market surge can easily lead you to greedily buy overvalued stocks.</p><p>7) The real reason for the stock market crash, whether looking at historical experience or statistical indicators such as P/E and Dividend yields, was that the market at that time rose too much.</p><p>8) People only remember that the stock market plummeted by 1,000 points in two months during the stock market crash, half of which fell in one day, but they forget that the stock market rose by more than 1,000 points in the nine months before the crash.</p><p><b>7. How John Templeton got through his darkest hours</b><b>7.1 The Path to Contrarian Investment</b></p><p>John Templeton is ranked alongside George Soros, Peter Lynch, and Warren Buffett as one of the world's four legendary investors, and is known as the \"Father of Global Investing\" by Forbes magazine.</p><p>As the most famous contrarian investor of the last century, Templeton's investment methodology can be summarized as follows:<b>\"Buy at the low point of the Great Depression and sell at the crazy and irrational high, and navigate the gap between the two with ease.\" He identified and sought out countries and industries around the world that had hit rock bottom but still had excellent prospects, and his investment targets were companies that had been overlooked by the public.</b>As a contrarian value investor, Templeton believes that completely overlooked stocks are the most tempting bargains—especially those that investors haven't yet researched.</p><p><b>From zero to one, from one to one hundred, he often maximizes his ability to buy low and exit high, investing against the trend at the \"greatest pessimistic point\".</b>In 1937, at the height of the Great Depression, Templeton founded his own firm, Templeton, Dobbrow & Vance (TDV).<b>In 1939, amid the double terror of the Great Depression and war, the thirty-six-year-old Templeton borrowed $10,000 to buy 104 companies, each with 100 shares of stock.</b>A few years later, the value of the entire portfolio rebounded significantly, and the success of 100 of these companies earned Templeton his first pot of gold.<b>By 1967, he had more than $400 million under management.</b>Templeton founded the world's largest and most successful Templeton Mutual Fund Group, and his fund company never hired salespeople and relied entirely on investment performance to attract customers.<b>By 1992, his assets under management had reached $22 billion.</b></p><p><b>Globally, we are identifying and seeking countries and industries that have hit rock bottom but still have excellent prospects.</b>In 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>He seized the opportunity before other investors, and after he bought in, the Japanese stock market surged.<b>Later, he realized that the Japanese stock market was overvalued.</b>In 1988, he told shareholders that the Japanese stock market would shrink by 50% or even more. At the same time, he discovered new investment opportunities.<b>Rejoin the United States.</b></p><p><b>7.2 Investment Quotes</b></p><p><b>1) Blood splattering on the streets is the best time to buy.</b></p><p><b>2) Bull markets are born in pessimism, grow in doubt, mature in optimism, and die in excitement.</b></p><p>3) Even if everyone around you is selling, you don't need to follow suit, because<b>The best time to sell is before the stock market crashes, not after.</b></p><p>4) You should examine your portfolio.<b>The only reason to sell existing stock is that there are more attractive stocks available.</b>If not, you should continue to hold your shares.</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 get through the darkest hours?</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 get through the darkest hours?\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 represents risk, what goes down represents opportunity. True investors should become more pessimistic about good companies and stocks as they rise, and more optimistic as they fall. Investing is against human nature, so only a few people are destined to succeed. What we need to do is improve our thinking and cognition; investing is essentially the monetization of cognition.</p><p>Whether it's an individual stock or the overall market, the bottom is not a single point, but a range. If you buy too early, you might experience your darkest hour, but buying cheaply is the key; greatness is built through perseverance. Value investing is about being 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 world-class investment gurus weathered the market's darkest moments; it might offer some inspiration.</p><p><b>1. How Buffett got through his darkest hours</b><b>1.1 Unafraid of \"Black Monday,\" decisively buy the dip against the trend.<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a></b></p><p>On Black Monday, October 19, 1987, the U.S. stock market crashed.<b>The Dow Jones Industrial Average fell 508.32 points, or 22.62%. If calculated by market capitalization, nearly $500 billion evaporated that day. The US GDP that year was about $4.87 trillion, a single-day drop of more than one-tenth of GDP.</b>The plunge in US stocks triggered a global financial tsunami, with stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places experiencing successive sharp declines.</p><p><b>On that day, Warren Buffett lost $342 million. In a week, Buffett's holdings<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway's stock price plummeted by 25%.</b>However, unlike ordinary investors, Buffett did not rush to sell his stocks after suffering huge losses, nor did he inquire about information everywhere. According to media reports,<b>All day long, he stayed quietly in his office as usual, making phone calls, reading newspapers, and looking at the annual reports of listed companies.</b></p><p>At the subsequent Buffett Group shareholders' meeting,<b>When asked by the media what the 1987 stock market crash meant, Buffett calmly replied, \"Maybe it rose too high.\" \"Long-term investment, be a friend of time,\" \"Buy excellent companies at reasonable prices,\" and \"Predicting the market is meaningless; we should focus on the company itself\" were all investment creeds put forward by Buffett at that time.</b></p><p>Buffett firmly believes that the stock market will pass, the stock market will return to normal, and the stock prices of high-quality companies will eventually reflect their intrinsic value. He firmly believes in his investment philosophy and strives to find companies that have a long-term and sustainable competitive advantage.<b>After the stock market crash, the calm Buffett began to \"pick up bargains\". In 1988, Buffett bought Coca-Cola, a stock that would make him a fortune for decades to come.</b>Since his initial purchase in 1988, Coca-Cola has been one of Buffett's top holdings.<b>In 2022, facing instability in global financial markets, Coca-Cola bucked the trend and its stock price hit a historic 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 2008 financial crisis struck, during the darkest hour of market panic, Buffett made a statement in October of that year...<a href=\"https://laohu8.com/S/NYT\">New York times</a>He published the famous article \"I'm Buying America\".</b>：</p><p>\"Whether in the United States or elsewhere in the world, financial markets are in chaos. The financial crisis has permeated the overall economy, and now this permeation has exploded, with unemployment expected to rise in the near future.\"<b>Business activity will stagnate and the headlines continue to be scary news. So I started buying American stocks.</b></p><p><b>And why? Because I follow a simple creed: I am afraid when others are greedy, and I am greedy when others are fearful.</b></p><p>Of course, in most cases, fear spreads, and even experienced investors cannot resist this fear. However, one thing is certain: investors should remain wary of entities or companies with weak competitive positions but excessive leverage.<b>But for many highly competitive companies, there is no need to worry about their long-term prospects. These companies' profits will also fluctuate, but most large companies will set new profit records in 5, 10, or 20 years.</b></p><p><b>To clarify, I cannot predict short-term movements in the stock market, and I dare not make any rash statements about how stocks will rise or fall over a month or a year. However, it is very likely that the stock market will rise, and possibly surge, before market confidence returns or the economy recovers. 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 US stock market began a bottom out, ushering in a decade-long bull market, and Buffett and his Berkshire Hathaway once again achieved asset appreciation.</b>Over the 12 years from 2009 to the end of 2021, the Dow Jones Industrial Average rose from a low of 6,440 points to 36,952 points, an increase of...<b>5.7 times</b>； The S&P 500 index rose from a low of 666 points to 4818 points.<b>Increase of 7.23 times</b>； The Nasdaq index rose from a low of 1265 points to 16212 points.<b>12.8 times increase</b>。</p><p><b>1.3 Investment Quotes</b></p><p><b>1) You are afraid when others are greedy, and you are greedy when others are fearful.</b></p><p><b>2) When some large companies experience 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) Good opportunities are the kind that scream at you to buy. For example, in 2008, asset prices became cheap, so we shouldn't be afraid at that time. Throughout your investment career, you will probably encounter such a golden opportunity about six times.</b></p><p>4) The advantage of 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 being thrown one by one, and<b>Waiting for the one who reaches the best position.</b></p><p><b>5）</b>Good companies fall due to market reversals and unreasonable stock prices, presenting a great investment opportunity.<b>I prefer to see the market fall. When there is a sharp drop, it is easier to buy good goods and make good use of money.</b></p><p><b>6) Invest in companies instead of stocks. It is foolish to own a stock and expect it to rise tomorrow morning.</b></p><p><b>7) When a large, powerful company encounters a huge but resolvable crisis, an excellent investment opportunity quietly arises.</b></p><p><b>2. How did Munger get through his darkest hour?</b><b>2.1 Behind every brilliant achievement lie hardships. Investors should be adept at \"waiting,\" as greatness is achieved through perseverance.</b></p><p>Munger is Buffett's golden partner and vice chairman of Berkshire Hathaway. He and Buffett teamed up to create an unprecedented...<b>The best investment record – an average annual compound return of over 20%.</b></p><p><b>Behind the brilliant investment achievements are also difficult times. Munger lost 31.9% in 1973.</b>In contrast, the Dow Jones Industrial Average fell 13.1%; It lost 31.5% in 1974, and the Dow Jones Industrial Average fell 23.1%. Recalling those two years, Munger himself later said, \"It was a difficult experience—1973 to 1974 was a very unpleasant experience.\"</p><p>But even so, looking back at that decline, Munger...<b>I still believe that most stock prices had fallen to drool-worthy lows in those two years, presenting a very good opportunity.</b>He even lamented that he and Buffett might never see these opportunities again. Munger said, \"We were crushed by the market between 1973 and 1974 because our stocks had to trade at less than half their true value.\"</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 funds were invested in blue-chip printing companies. During the worst bear market since the Great Depression, blue-chip printing companies brought a significant amount of pullback/retracement to Munger's portfolio. However, Blue Chip Print later became an important asset for the fund, providing substantial funding for its subsequent acquisitions of Seesee Candy, the Buffalo Evening News, and Wesco Financial.</p><p><b>Munger's secret to investment success lies not in buying and selling to gain wealth, but in waiting. Munger believes that if you want to make big money, you must be good at waiting. I'd rather look foolish than impatiently follow the crowd. Munger's investment wisdom isn't actually some profound principle; the difficulty lies in diligently executing and persisting. The waiting process is counterintuitive.</b>，<b>Many people can't do it.</b></p><p><b>One of the most important reasons why Buffett and Munger became masters is that they understood the core principles at a very young age and persevered throughout their lives.</b>In Munger's view,<b>If you can't cope with market declines exceeding 50% two, three, or more times in a century, you're not suited to investing.</b>Furthermore, compared to investors who can rationally handle market fluctuations, they can only obtain relatively mediocre investment returns.</p><p>Under Munger's guidance, Buffett has also iterated and updated his investments over the years, no longer clinging to the early \"low-priced cigarette butt stock\" investment philosophy, but broadening his horizons.<b>Invested<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Waiting for a group of tech growth companies to also look globally and invest...<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 something promising. Sometimes we encounter economic tailwinds, sometimes we encounter headwinds, but no matter what, we keep moving forward.</b>。</p><p>2) To invest, you don't need a lot of action, but...<b>A lot of patience</b>。</p><p><b>3) If you cannot handle a market decline of more than 50% with composure, you are not suitable for investing.</b></p><p>4）<b>Learn to bear losses</b>You need the ability not to go crazy even if you suffer losses and are in adversity.</p><p><b>3. How Howard Marks got through his darkest hours</b><b>3.1 Fully recognize the \"tricks\" of bull and bear markets, go against the trend, and avoid following the crowd.</b></p><p>Howard Marks is a renowned investment guru and an American...<a href=\"https://laohu8.com/S/OAK\">Oaktree Capital</a>Founder of the management company. When he first entered the industry, a senior colleague told him a trick about a bull market. The senior said,<b>A bull market is actually very simple, divided into three phases.</b>: First stage,<b>A few visionaries began to believe that everything would be better.</b>； In the second phase, most investors realize that progress has indeed occurred; 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 has come to an end.</b></p><p>Howard Marks discovered this during the 2008 subprime mortgage crisis.<b>A bear market also has three stages:</b>First, a few investors sensed the risk amidst the frenzy; Then most investors began to feel the deterioration of the situation;<b>In the end, everyone was immersed in pessimism, believing that the situation would only get worse and that the bear market might have bottomed out.</b></p><p>Max believes that,<b>The key to successful investing lies in going against the trend—not following the crowd. The most interesting thing about investing is its contradictions; the most obvious things that everyone agrees on are often proven wrong. Only when most people cannot see the investment value will the price be lower than the value. The key to success cannot be the judgment of the group.</b>Trends and group consensus are factors hindering success. Therefore, most investors are trend followers, while outstanding investors are the opposite; they...<b>Using second-level thinking</b>Avoid similar investment portfolios and conduct<b>contrarian investment</b>。</p><p><b>3.2 Understand that the market is not entirely \"effective,\" and find the perfect moment.</b></p><p><b>The core logic behind Marx's willingness to trade against the market trend is his understanding of market effectiveness.</b>The efficient market hypothesis holds that in a stock market with sound laws, high transparency, and full competition, all available information is reflected in asset prices in a timely, accurate, and sufficient manner, unless there is market manipulation.<b>According to Marx, efficient market theory is not the whole truth about financial markets. Mainstream markets have indeed become increasingly efficient, but ineffectiveness will always exist.</b>Because humans are a complex of rationality and emotion, most people are driven by greed, fear, jealousy, and other emotions that undermine objectivity and lead to major mistakes. Therefore, the market price given by humans cannot be absolutely fair, that is, it will not always be valid or invalid.</p><p>In 2008, with the collapse of Lehman Brothers, Wall Street was in a state of panic, and some even predicted that the entire financial system was about to collapse, leading to a frenzy of asset selling.<b>However, in the three months following Lehman Brothers' bankruptcy, Oaktree Capital bucked the market trend by spending more than $6 billion to acquire senior guaranteed bonds from highly leveraged companies such as utilities at about 50% below their actual face value.</b>Ultimately, as the economy recovered, most of the bonds they took over were repaid at face value within a few months.<b>Oak Tree doubled its returns, becoming one of the few big winners in this financial crisis.</b></p><p>Howard Marks invested<b>The secret to his success lies in his ability to act against the trend, avoiding panic when a crisis strikes, and using his second-layer thinking and understanding of market effectiveness to operate against the market.</b>Successful Investment<b>It's not about \"buying well,\" but about \"buying well.\"</b>, that is<b>Buy at a price below its value and wait for the asset price to converge to its value.</b>That's the true essence of investing, the most reliable way to make money.</p><p><b>3.3 Investment Quotes</b></p><p>1）<b>Excellent investing requires a second level of thinking, a more complex and insightful way of thinking that is different from that of ordinary people.</b>What is second-level thinking?</p><p><b>The first level of thinking suggests that the company will experience sluggish growth and worsening inflation. Let's get rid of the stock. The second level of thinking says: The company's prospects are terrible, but everyone is selling stocks in panic; we should buy them.</b></p><p>The first level of thinking says: This company's profits will fall, so sell. The second level of thinking suggests that the company's profits will fall less than people expect, and there will be unexpected surprises that will drive up the stock. Buy in.</p><p>The first level of thinking says: This is a good company, let's buy the stock. 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 priced; let's sell it.</p><p><b>The first level of thinking is simple and superficial, and almost everyone can do it. The second level of thinking is profound, complex, and roundabout.</b></p><p>2）<b>You can't expect to win when you're doing the same thing as others.</b>Breaking with convention isn't the goal, but it's a good way of thinking. To make money when a crisis occurs:<b>First, you need money; second, you need courage to invest that money.</b>。 When both are present, this is the formula for success.</p><p>3) To some extent,<b>Trends and group consensus are factors hindering success.</b>Similar portfolios are something we should avoid. Due to market pendulum swings or market cyclicality, obtaining...<b>The key to ultimate victory lies in contrarian investing.</b></p><p>4）<b>Remember that everything has a cycle. The cycle always prevails in the end. Nothing can go in the same direction forever. Trees don't grow to the sky. Very few things reset to zero. Insisting on speculating about the future based on today's events is the greatest harm to investors' investment activities.</b></p><p>5）<b>Emotional fluctuations in the stock market are similar to the swing of a pendulum.</b>When conditions are good and prices are high, investors rush to buy, leaving all caution behind. When the surrounding environment is chaotic and assets are cheap to sell, investors have completely lost their willingness to take risks and are eager to sell. Always will be.</p><p><b>4. How did Dario get through his darkest moments?</b><b>4.1 Bridgewater Associates' all-weather strategy emphasizes proactively seizing suitable market opportunities.</b></p><p>Dalio is the founder of Bridgewater Associates, the world's largest hedge fund, with assets under management exceeding $200 billion.</p><p>Dalio proposed an \"all-weather strategy,\" emphasizing the use of...<b>Scientific economic quantitative model for active asset management</b>, fusion<b>Macroeconomic forecasting, asset class selection, portfolio risk management</b>Create a complete asset management system in three major areas. By analyzing the macroeconomic environment, dividing it into different stages according to economic growth and inflation levels, finding asset classes suitable for each state, and then allocating it to stocks, commodities, and bonds to build the final investment portfolio.</p><p><b>4.2 Responding to crises: Instead of complaining about dangers, seize opportunities.</b></p><p><b>Dalio has proven to many investors that instead of passively complaining about the market, they should actively respond to risks, adjust their investment mindset according to market conditions, and restructure their portfolios. This has enabled Bridgewater Associates to perform exceptionally well in multiple crises.</b></p><p><b>Black Monday 1987</b>Dalio's Bridgewater Fund bucked 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, with many funds performing very poorly. Many prominent financial institutions were at risk; Lehman Brothers collapsed, and Bear Stearns was taken over by other financial institutions.<b>Bridgewater, however, bucked the trend and achieved a positive return of 14%.</b></p><p><b>In 2010, the sovereign debt crisis broke out in Europe, and the overall performance of the industry was very dismal, but Bridgewater...</b>They performed exceptionally well<b>Its \"Pure Alpha Fund,\" with a size of $70 billion, achieved a 45% return in 2010.</b>Bridgewater's overall return also reached a record high that year.</p><p><b>Crisis can make people grow, crisis is both danger and opportunity, danger contains opportunity. It's easier said than done, but Dalio truly did just that, turning danger into opportunity and reaping substantial returns amidst market turmoil.</b></p><p>In<b>Principles</b>In his book, Dalio shares three things he learned from the market crash:</p><p><b>First, one should not be overly confident and allow oneself to be swayed by emotions.</b>No matter how much I know, no matter how diligent I am, I should not confidently make absolute assertions.</p><p>Second, I realized once again<b>The value of studying history</b>；</p><p>Third,<b>Seizing market opportunities is quite difficult for most people.</b>。</p><p><b>4.3 Investment Quotes</b></p><p>1) Investors' crimes<b>The biggest mistake is to think that what has happened recently may continue.</b></p><p><b>2) I will not dwell on the present.</b></p><p><b>3）</b>Investors are always more likely to make the decision to sell when the market is declining. Giving in to fear is not a wise strategy, because it will not succeed. Conversely, when the market is falling, investors need to do the opposite:<b>When you are no longer afraid, you may need to sell; When you feel fear, you may need to buy.</b></p><p><b>4）</b>Wise people always keep a close eye on sound fundamentals through various ups and downs, and<b>Frivolous people follow their feelings, react emotionally, rush into popular things, and quickly give up when they're not hot.</b></p><p><b>5. How Graham got through his darkest hours</b><b>5.1 Buy at low prices + hedge against risks; do not resort to withdrawal to cope with a stock market downturn.</b></p><p>Benjamin Graham is known as the \"Godfather of Wall Street\". His representative works include \"Securities Analysis\" and \"The Intelligent Investor\". He believes that the world is original<b>There is no way to get rich overnight; often the simplest method is the best method.</b>He advised investors to maintain the right attitude, trust common sense, and think for themselves.<b>To achieve investment success, an investor must possess both good business analysis and judgment skills and a rational ability to isolate their thoughts and actions from the emotions circulating in the market.</b></p><p>In 1936, Wall Street fell into another slump, and for most investors, another severe test was about to be faced.<b>At this point, Graham did not fall into pessimism like other investors. Instead, he made full use of stock investment analysis methods to search for stocks worth investing in.</b>He doesn't focus on predicting the future trend of the securities market or the future outlook of individual stocks based on their past performance, but mainly...<b>Whether a stock's market capitalization is lower than its intrinsic value is used as a judgment standard.</b>In particular, stocks below their liquidation value are a key focus of his attention.</p><p><b>Graham bought a large number of low-priced shares for Graham Newman during the stock market downturn.</b>Moreover, as before the stock market crash of 1929, Graham took various risk-averse measures against all his investments, and this time he protected his assets more thoroughly.<b>On the one hand, Graham adopted a diversified investment approach to avoid risk. On the other hand, he invested in preferred shares, using preferred shares to obtain low-interest financing and at the same time receive about 50% dividends, while common stocks do not guarantee dividends, thus achieving the purpose of avoiding risk.</b></p><p>Graham's investment strategies and techniques demonstrate both resilience to sustained downturns and profitability in weak markets.<b>When the stock market began to reverse, Graham bought a large number of low-priced stocks during the stock market downturn, which resulted in huge returns.</b>Between 1936 and 1941, although the stock market generally declined, Graham Newman's average annual investment return during this period significantly outperformed the S&P 500, which suffered an average loss of 0.6% during the same period.</p><p>Looking at a longer timeline,<b>From 1936 to 1956, Graham recorded an average annual investment return of no less than 14.7%.</b>This could rank among the best long-term returns ever recorded on Wall Street.</p><p><b>5.2 Investment Quotes</b></p><p><b>1) A bull market is the main reason for losses for ordinary investors.</b></p><p>2) Buying stocks is part of buying a business.</p><p>3) The market always oscillates between overexcitement and overpessimism.<b>Wise investors buy from overly pessimistic people and sell to overly excited people.</b></p><p>4) Your own performance has a far greater impact on investment returns than the performance of the securities themselves.</p><p>5) Be meticulous about stock prices, shopping like a supermarket, not like buying cosmetics.</p><p><b>6) The risk of rising stocks increases rather than decreases, and the risk of falling stocks decreases rather than increases.</b></p><p>7) During a bull market, it is rare to see listed companies holding more cash than their stock price, but<b>There are more opportunities than you might imagine during 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 seeking profits from them.<b>Investors are primarily interested in acquiring and holding the right stocks at the right price.</b></p><p><b>9) Most investors believe that in order to avoid investment risks, it is best to withdraw from the stock market and cut off all positions. However, withdrawing from the stock market is not the best way to deal with a stock market downturn.</b></p><p><b>6. How Peter Lynch got through his darkest hours</b><b>6.1 Reject fear-driven selling</b></p><p>Peter Lynch is an accomplished stock investor and mutual fund manager. From 1977 to 1990, Peter Lynch managed the Magellan Fund for 13 years, creating an investment miracle and myth.<b>Magellan's assets under management grew from $20 million to $14 billion.</b>With over 1 million holders, the fund was the largest mutual fund in terms of assets under management globally at the time.</p><p><b>Lynch's Magellan Fund achieved an annualized compound return of 29% over 13 years. But on October 19, 1987, the Magellan Fund's net asset value lost 18%, a loss of as much as $2 billion. Amid panic, investors rushed to redeem their shares, resulting in Magellan Fund's redemption volume reaching 1.3 billion in October, while only 689 million shares were purchased.</b></p><p><b>In his book \"Peter Lynch's Successful Investing,\" he recorded his emotional journey during the 1987 stock market crash: \"At that moment, I really couldn't be sure whether it was the end of the world, whether we were about to fall into a severe Great Depression, or whether things hadn't gotten that bad.\" Lynch summarized that the stock market crash taught him many lessons:</b></p><p><b>First, investors should ignore the ups and downs of the stock market. If you desperately sell stocks during a stock market crash, your selling price will often be very low.</b></p><p><b>Secondly, even if you are very panicked, you should stay alert.</b>Instead of selling off so much at once, you should gradually reduce your holdings. Only in this way can you ultimately obtain a higher return on investment than investors who sell all their stocks due to panic.</p><p><b>Third, in the end, the excellent companies will win, while the average companies will fail, and investors in these two completely different types of companies will receive completely different returns accordingly.</b>This has proven to be the case.<b>By June 1988, the market had rebounded more than 400 points, or 23%. If it had been sold in October 1987, the losses would have been severe.</b></p><p><b>6.2 Investment Quotes</b></p><p>1) Stock market crashes are as common as the January blizzard in Colorado. If you are prepared, it won't affect you much.<b>A stock market crash is actually a great opportunity to buy stocks. At that time, panicked investors sold off their shares, and stock prices naturally dropped significantly.</b>You can then take the opportunity to pick up many cheap stocks.</p><p><b>2) Typically, a company's performance is unrelated to its stock price over several months or even years. However, in the long run, the two are 100% related.</b>This difference is key to making money.<b>Be patient and hold good stocks.</b></p><p><b>3) Everyone has the brains to make money in the stock market. But not everyone has that kind of courage. If you are prone to selling stocks during stock market panics, you should stay away from the stock market and funds.</b></p><p><b>4）</b>When you invest in the short term, you can only earn 90%.<b>When you invest long-term, you can earn tenfold.</b></p><p><b>5) The historical patterns of stock market fluctuations tell us that all major crashes will pass, and the stock market will always rise higher.</b>Historical experience also shows that,<b>A stock market crash is actually a good opportunity to release risk and create investment opportunities, allowing you to buy stocks of excellent companies at very low prices.</b></p><p>6）<b>Emotions can be a real performance killer,</b>A market downturn can easily lead you to sell in panic, or a market surge can easily lead you to greedily buy overvalued stocks.</p><p>7) The real reason for the stock market crash, whether looking at historical experience or statistical indicators such as P/E and Dividend yields, was that the market at that time rose too much.</p><p>8) People only remember that the stock market plummeted by 1,000 points in two months during the stock market crash, half of which fell in one day, but they forget that the stock market rose by more than 1,000 points in the nine months before the crash.</p><p><b>7. How John Templeton got through his darkest hours</b><b>7.1 The Path to Contrarian Investment</b></p><p>John Templeton is ranked alongside George Soros, Peter Lynch, and Warren Buffett as one of the world's four legendary investors, and is known as the \"Father of Global Investing\" by Forbes magazine.</p><p>As the most famous contrarian investor of the last century, Templeton's investment methodology can be summarized as follows:<b>\"Buy at the low point of the Great Depression and sell at the crazy and irrational high, and navigate the gap between the two with ease.\" He identified and sought out countries and industries around the world that had hit rock bottom but still had excellent prospects, and his investment targets were companies that had been overlooked by the public.</b>As a contrarian value investor, Templeton believes that completely overlooked stocks are the most tempting bargains—especially those that investors haven't yet researched.</p><p><b>From zero to one, from one to one hundred, he often maximizes his ability to buy low and exit high, investing against the trend at the \"greatest pessimistic point\".</b>In 1937, at the height of the Great Depression, Templeton founded his own firm, Templeton, Dobbrow & Vance (TDV).<b>In 1939, amid the double terror of the Great Depression and war, the thirty-six-year-old Templeton borrowed $10,000 to buy 104 companies, each with 100 shares of stock.</b>A few years later, the value of the entire portfolio rebounded significantly, and the success of 100 of these companies earned Templeton his first pot of gold.<b>By 1967, he had more than $400 million under management.</b>Templeton founded the world's largest and most successful Templeton Mutual Fund Group, and his fund company never hired salespeople and relied entirely on investment performance to attract customers.<b>By 1992, his assets under management had reached $22 billion.</b></p><p><b>Globally, we are identifying and seeking countries and industries that have hit rock bottom but still have excellent prospects.</b>In 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>He seized the opportunity before other investors, and after he bought in, the Japanese stock market surged.<b>Later, he realized that the Japanese stock market was overvalued.</b>In 1988, he told shareholders that the Japanese stock market would shrink by 50% or even more. At the same time, he discovered new investment opportunities.<b>Rejoin the United States.</b></p><p><b>7.2 Investment Quotes</b></p><p><b>1) Blood splattering on the streets is the best time to buy.</b></p><p><b>2) Bull markets are born in pessimism, grow in doubt, mature in optimism, and die in excitement.</b></p><p>3) Even if everyone around you is selling, you don't need to follow suit, because<b>The best time to sell is before the stock market crashes, not after.</b></p><p>4) You should examine your portfolio.<b>The only reason to sell existing stock is that there are more attractive stocks available.</b>If not, you should continue to hold your shares.</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":4722,"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":[],"title":"","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":"EraGrowth_Wealth","avatar":"https://community-static.tradeup.com/news/c22fad1649443d817dea3cbc957a1314","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":4010,"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":[],"title":"","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 Xiaopeng: The Beginning and End of \"Dreamers in the Air\" in Car Manufacturing","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>Despite joining the ranks of top domestic entrepreneurs, He Xiaopeng still hasn't learned to \"tell stories\" to meet audience expectations.</p><p>At the end of 2021, He Xiaopeng was interviewed...<a href=\"https://laohu8.com/S/00700\">Tencent</a>During the interview with the news program \"Caiyue Ni\", he spent most of his time immersed in his imagined world of travel. At the end of the interview, \"Caiyue Ni\" asked him a few quick questions. He got stuck while answering quickly, even though the questions were relatively easy and enjoyable.</p><p>\"Join<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>In four years, what was your happiest moment? \"Wealth Promises You\" asked.</p><p>\"I can't remember,\" He Xiaopeng replied.</p><p>\"Among the post-80s entrepreneurs, which one do you like best: Wang Xing, Zhang Yiming, or Huang Zheng?\" \"Caiyue Ni\" asked again.</p><p>\"It's hard to say.\" After thinking for a second, He Xiaopeng still didn't give an answer.</p><p>This is his usual style. On the one hand, XPeng Motors launched a high-profile \"flying vehicle,\" placing its products in the air, which made the outside world think that the leader of this emerging car manufacturer was arrogant and flamboyant. On the other hand, in his four years of manufacturing cars, He Xiaopeng has never shaken off the character traits of a product manager. He is reserved and cautious, and would rather avoid things he is unsure about than talk nonsense.</p><p>2021 was a year of comeback for XPeng, with deliveries reaching 98,155 vehicles, surpassing...<a href=\"https://laohu8.com/S/NIO\">Nio</a>With Li Auto, the \"Wei Xiaoli\" pattern that has been stable for many years among emerging car manufacturers has become \"Xiao Wei Li\".</p><p>However, with the entry of Huawei and Xiaomi, and the strong efforts of traditional automakers,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>With renewed competition in the automotive industry, a key factor in determining who can go further and more steadily in this battlefield is the character and vision of the founder.</p><p>“Much of a company’s DNA comes from its founder. If the founder saves money, the company will save money too,” He Xiaopeng said. “I come from a technical background, and I pursue technological innovation and product differentiation. I am also quite pragmatic. I hope that these can become a symbol, a mindset, and a culture, and go global.”</p><p>Using his own name as a brand has deeply bound He Xiaopeng and XPeng Motor Company, with both prospering and disgracing each other. He Xiaopeng told \"Caiyue Ni\" that this represents his attitude and responsibility.</p><p>In August and November 2021, \"Caiyue Ni\" conducted two in-depth interviews with He Xiaopeng in Beijing and Guangzhou, attempting to uncover his inner 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>Adventurers who start a second business</b></p><p>At heart, He Xiaopeng is a person who loves to take risks and take risks, which stands in stark contrast to his shy appearance and low-key hairstyle.</p><p>He Xiaopeng, born into an ordinary family in Huangshi, Hubei Province, had never left the province or eaten before the college entrance examination.<a href=\"https://laohu8.com/S/MCD\">McDonald's</a>And I've never been on a plane. At the time, he had a belief that traveling ten thousand miles was worse than reading ten thousand books. When filling out his college application, his only goal was to study outside the province, especially in developed cities like Beijing, Shanghai, and Guangzhou, and to see the outside world. He was eventually admitted to South China University of Technology in Guangzhou.</p><p>Today, He Xiaopeng extends this concept to children's education. As long as their lives and health are not seriously threatened, children can take risks and explore things.</p><p>One of his sons, when he was two years old, was particularly mischievous and full of curiosity about the pressure cooker, and his little hands always wanted to touch it. Most parents would stop it immediately, but He Xiaopeng had a different approach. He grabbed his son's hand and carefully let him touch it. As a result, his son was burned to tears and never dared to touch the pressure cooker again.</p><p>These personality traits were also fully demonstrated in his entrepreneurial process.</p><p>In June 2014, UC Browser, founded by He Xiaopeng, was acquired for a hefty $4 billion.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The acquisition brought him enormous wealth. $4 billion was also the highest merger and acquisition price for the Chinese internet at the time.</p><p>Subsequently, He Xiaopeng joined Alibaba, serving successively as president of Alibaba Mobile Business Group, chairman of Alibaba Games, and president of Tudou. Many people believed that He Xiaopeng would settle down and become a millionaire, and that this product manager would no longer be seen in the entrepreneurial world. But in the same year that he \"cashed out\", He Xiaopeng began to plan his new entrepreneurial venture in the new energy vehicle industry and invested in XPeng Motor, which was then called \"Chengxing Zhidong\".</p><p>“When I first saw smart electric vehicles, I immediately thought of the leap from the Symbian or JAVA era to the intelligent era,” He Xiaopeng said.</p><p>He Xiaopeng founded UC Browser, which transcended the eras of Symbian and intelligence. This experience gave him a natural sensitivity to new changes in traditional industries like automobiles. He felt that when this leap first occurred, people in the industry, being vested interests, were often unwilling to believe in this change.</p><p>It was during this industry's dormant period that he felt he had the opportunity to break through.</p><p>\"People in the internet industry are particularly daring to think, which is a characteristic formed by our long-term work,\" said He Xiaopeng.</p><p>In 2015, He Xiaopeng attended an auto show. What impressed him at the time was that 75 new cars were launched in one day at that auto show, which made him realize that the competition in the automotive industry is far more brutal than in the internet industry.</p><p>\"Imagine if the internet industry released 75 UC Browsers a day, wouldn't it feel pressure? Competition in the automotive industry is a global competition, a competition in technology, a competition in brand and reputation,\" said He Xiaopeng.</p><p>This made He Xiaopeng, who was naturally adventurous, even more determined to \"go into the water\" and give it a try.</p><p><b>\"Talking to people with your head tilted back\"</b></p><p>At that time, the success of UC Browser had accumulated a large network of connections and wealth for He Xiaopeng. When he decided to devote himself to intelligent cars, how to direct these resources to new projects and convince his old friends that he could still endure hardship and start a business was a problem that He Xiaopeng urgently needed to solve. His answer was to go all in first.</p><p>“My friends said, ‘Since you dare to go all in, then we can support you,’” He Xiaopeng said. “If I hadn’t given it my all, working a nine-to-five job every day and putting my money into financial management, how could anyone believe me?”</p><p>After devoting himself to starting a business in intelligent cars, learning from traditional cars became an important part of his work. He often tells his colleagues and friends about a common mistake that ordinary people make: drawing wrong conclusions with limited information and sound logic. The reason for this was that the information he received was incomplete, and he considered it a very terrible thing.</p><p>“In your original field, you may already be a doctoral student, but in a new field, you are still in kindergarten. Would you be willing to squat down and talk to others with your head tilted back?” He Xiaopeng said.</p><p>He Xiaopeng has always looked up to the automotive industry. He believes that mobile phones are already a remarkable combination of hardware and software, but a four- or five-meter-long car is a more imaginative and complex combination of hardware and software.</p><p>When he decided to devote himself wholeheartedly to XPeng Automotive, his early partner, Yu Yongfu, the current CEO of Alibaba Local Life and chairman of AutoNavi Group, gave him advice, and it was the only advice he could give—to find someone who could check and balance him. Because He Xiaopeng has many ideas, but not all of them are necessarily correct.</p><p>Today, there are many people within XPeng Motors' senior management who can check and balance him, and their management structure has attracted much attention from the outside world. In an exclusive interview with \"Caiyue Ni\", He Xiaopeng also spoke for the first time about the checks and balances and cooperation among management.</p><p>Currently, there are four people at the top of power in XPeng Automotive: He Xiaopeng, Xia Heng, Gu Hongdi, and He Tao. He Xiaopeng comes from the internet industry, Xia Heng and He Tao from the automotive technology field, and Gu Hongdi from the financial field. All four are very young: He Xiaopeng and Gu Hongdi are born in the 1970s, while Xia Heng and He Tao are born in the 1980s.</p><p>He Xiaopeng frankly stated that in the year and a half before their collaboration, there were many challenges. Faced with the same thing, the four of them had different strategies and solutions because they came from different fields.</p><p>For example, at the time, someone suggested setting up a forum within the company to allow employees to post and make suggestions freely. This is a common thing in internet companies, and He Xiaopeng thought that this was enough to do.</p><p>But this is something that \"shouldn't\" be done in the automotive industry. Unlike internet companies, car companies have a large number of partners and suppliers, and a wide variety of job types. The pointed questions raised by employees on the forum not only fail to promote problem-solving, but sometimes lead to misunderstandings due to the excessive diversity of information sources, thus stalling the problem-solving process.</p><p>As a result, the four of them had a heated argument over this matter. Since then, they have adjusted the forum to resolve some important and intense issues through other channels, instead of allowing tens or twenty thousand people to engage in ineffective discussions in the forum.</p><p>“Often, company founders are too familiar with an industry, or their perspectives are too unified. Whether they are right or wrong, they may also be wrong,” He Xiaopeng said. “Balance can help companies reach an organic and compromising point.”</p><p><b>Say no to \"involution\"</b></p><p>2020 was the peak period for He Xiaopeng's second entrepreneurial venture. In August of that year, XPeng went public on the New York Stock Exchange, with a market capitalization of $14.9 billion that day. This was a highlight moment that he couldn't even match when he founded UC Browser.</p><p>Today, XPeng Motors' stock price has tripled, and He Xiaopeng's net worth has risen accordingly. According to Forbes' real-time data, his current net worth has reached $8 billion, surpassing Nio Motors' Li Bin's $4.8 billion, making him the richest emerging Chinese car manufacturer.</p><p><img src=\"https://static.tigerbbs.com/7d75beebe9dfbb968a731155d3840ae8\" tg-width=\"877\" tg-height=\"1904\" referrerpolicy=\"no-referrer\"/></p><p>However, after its launch, XPeng did not slow down. The release of the P7 and P5 gave them family sedans and coupes in the price range of 200,000 to 400,000 yuan, while the debut of the G9 at last year's Guangzhou Auto Show filled the gap in the mid-to-large SUV model market. They have also taken an important step in internationalization, using Norway as a bridgehead to explore the European market; Aerial vehicles were also developed to prepare for \"air battles\" a few years later.</p><p>\"Going public allows us to gain more support from the capital market, which allows us to think about the medium to long term,\" said He Xiaopeng.</p><p>He Xiaopeng is a long-termist. When explaining the name \"XPeng\" to \"Caiyue Ni\", he said that \"small\" represents an original aspiration and represents eternal youth. When applied to corporate management, it will constantly remind oneself to move forward, not to have the problems of large corporations, and not to be satisfied with the status quo. The \"Peng\" is a large bird that can transform into a \"Kun\" and fly very high and far.</p><p>The name \"XPeng\" has always been criticized by the outside world. Some people think the name is rather old-fashioned, while others think it is too arrogant to name a vehicle after their own name. After all, only world-renowned automakers such as Honda and Mercedes-Benz use the name of their founders. He Xiaopeng jokingly told \"Cai Yue Ni\": \"You might feel rustic the first 100 times you read it, but you won't after the 101st time.\"</p><p>He Xiaopeng also has an expectation that in 10 or 20 years, brands named after Chinese names will go global.</p><p>He Xiaopeng has always had great respect for Toyota because they have trained a large number of engineers who can work for Toyota for the rest of their lives. This is particularly valuable among Chinese startups today. In an exclusive interview with \"Caiyue Ni\", He Xiaopeng also stated frankly that he hopes to create an environment and mechanism for lifelong service for employees. To this end, they have formulated a set of stock option incentive policies to encourage employees to broaden their horizons.</p><p>“Over the past two or three decades, China’s automotive industry has grown a lot, but to be honest, automotive workers work quite hard. Before new car manufacturers entered the market, their salaries were relatively low,” said He Xiaopeng.</p><p>At the same time, He Xiaopeng also hopes that the company can continue to explore and innovate, such as allowing employees to move to different positions and do different jobs. This will give employees more opportunities and enable them to stay with the company for a long time.</p><p>He Xiaopeng dislikes the word \"involution\". Previously, 35 years old was a hurdle that many internet company employees found difficult to overcome, and news of the dismissal of employees over 35 frequently sparked heated discussions.</p><p>He Xiaopeng stated that he welcomes mid-to-senior level talents aged 35 and above to XPeng Motor Company, and that XPeng currently has employees aged 60 and above. He believes that the automotive industry needs experienced and technically capable people, and these people are often quite old.</p><p>\"I don't pay much attention to whether I'm physically young; we focus on whether I'm mentally young,\" He Xiaopeng said.</p><p>XPeng has been around for seven years now, but compared to those well-known century-old automakers, it is still just a fledgling company. However, they already have more than 10,000 employees, and XPeng plans to expand its workforce to 50,000 in the next three years.</p><p>One question He Xiaopeng often ponders is whether the company could become even stronger if he were to be a cog in the machine. He believes that when a company is small, it focuses on people; when a company grows, it focuses on organization and systems, and everyone, including him, is part of the organizational system.</p><p><b>Product Manager Car Manufacturing</b></p><p>In 2021, the entry of Xiaomi and Huawei made the smart car market full of uncertainties.</p><p>Before deciding to start a car business, Lei Jun had a long phone call with He Xiaopeng to discuss entry methods, capital situation, and industry changes.</p><p>He Xiaopeng highly appreciated Lei Jun's thinking and encouraged him to work together to build cars. He believes that for many companies, the window to build cars has closed, but for companies like Huawei and Xiaomi, the window remains open, mainly because the accumulation of these companies over the years can be quickly transformed into value.</p><p>For example, these companies' technological accumulation allows them to skip the pure electric vehicle stage and directly enter the competition for intelligent vehicles. Before producing smart cars, XPeng Motors had been exploring pure electric vehicles for a long time and had taken some detours.</p><p>In He Xiaopeng's mind, elitism is an unavoidable concept. Besides his high regard for elite companies like Xiaomi and Huawei, his product design philosophy is also full of elitism.</p><p>Years of experience as a product manager have made him firmly believe that an excellent product is unlikely to be completed by too many people, because different people will have different demands. If these different demands are ultimately balanced, then it will be difficult for the product to reach its excellence. The height of a product depends more on the talent of the product manager.</p><p>He also believes that excellent product concepts come from a vision of the future, but many product managers fall into the dilemma of the blind men and the elephant, designing based on existing awareness. He believes that an excellent product manager should have the ability to think outside the box.</p><p>In September 2020, XPeng Motors unveiled a flying car at the Beijing Auto Show that was quite \"leapfrog,\" which once drew ridicule from the outside world—they were already thinking about \"air combat\" before the competition on the ground was over.</p><p>At the press conference on November 18, 2021, He Xiaopeng once again publicly announced that he had recruited many talents in the flight industry, clearly stated that the overall framework of the flying car would be mass-produced in 2024, and hoped to create a great flying car in a few years.</p><p>In fact, He Xiaopeng, who loves to \"fly,\" spends most of his time \"on the ground.\" During his two entrepreneurial ventures, he needed to solve all sorts of problems.</p><p>Currently, the \"chip shortage\" is a major problem facing the automotive industry. On November 18, after giving an exclusive interview to \"Caiyue Ni\", He Xiaopeng attended a conference on chips.</p><p>In 2021, XPeng surpassed Nio in deliveries, taking the top spot among emerging electric vehicle manufacturers. This was partly due to their management of the supply chain, which made them less affected by the \"chip shortage\". NIO, on the other hand, was once shut down due to chip issues.</p><p>“We have discussed this internally many times. In the short term, the chip shortage problem is difficult to solve. We hope that this problem can be solved in three or four quarters,” He Xiaopeng 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 Xiaopeng: The Beginning and End of \"Dreamers in the Air\" in Car Manufacturing</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 Xiaopeng: The Beginning and End of \"Dreamers in the Air\" in Car Manufacturing\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>Despite joining the ranks of top domestic entrepreneurs, He Xiaopeng still hasn't learned to \"tell stories\" to meet audience expectations.</p><p>At the end of 2021, He Xiaopeng was interviewed...<a href=\"https://laohu8.com/S/00700\">Tencent</a>During the interview with the news program \"Caiyue Ni\", he spent most of his time immersed in his imagined world of travel. At the end of the interview, \"Caiyue Ni\" asked him a few quick questions. He got stuck while answering quickly, even though the questions were relatively easy and enjoyable.</p><p>\"Join<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>In four years, what was your happiest moment? \"Wealth Promises You\" asked.</p><p>\"I can't remember,\" He Xiaopeng replied.</p><p>\"Among the post-80s entrepreneurs, which one do you like best: Wang Xing, Zhang Yiming, or Huang Zheng?\" \"Caiyue Ni\" asked again.</p><p>\"It's hard to say.\" After thinking for a second, He Xiaopeng still didn't give an answer.</p><p>This is his usual style. On the one hand, XPeng Motors launched a high-profile \"flying vehicle,\" placing its products in the air, which made the outside world think that the leader of this emerging car manufacturer was arrogant and flamboyant. On the other hand, in his four years of manufacturing cars, He Xiaopeng has never shaken off the character traits of a product manager. He is reserved and cautious, and would rather avoid things he is unsure about than talk nonsense.</p><p>2021 was a year of comeback for XPeng, with deliveries reaching 98,155 vehicles, surpassing...<a href=\"https://laohu8.com/S/NIO\">Nio</a>With Li Auto, the \"Wei Xiaoli\" pattern that has been stable for many years among emerging car manufacturers has become \"Xiao Wei Li\".</p><p>However, with the entry of Huawei and Xiaomi, and the strong efforts of traditional automakers,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>With renewed competition in the automotive industry, a key factor in determining who can go further and more steadily in this battlefield is the character and vision of the founder.</p><p>“Much of a company’s DNA comes from its founder. If the founder saves money, the company will save money too,” He Xiaopeng said. “I come from a technical background, and I pursue technological innovation and product differentiation. I am also quite pragmatic. I hope that these can become a symbol, a mindset, and a culture, and go global.”</p><p>Using his own name as a brand has deeply bound He Xiaopeng and XPeng Motor Company, with both prospering and disgracing each other. He Xiaopeng told \"Caiyue Ni\" that this represents his attitude and responsibility.</p><p>In August and November 2021, \"Caiyue Ni\" conducted two in-depth interviews with He Xiaopeng in Beijing and Guangzhou, attempting to uncover his inner 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>Adventurers who start a second business</b></p><p>At heart, He Xiaopeng is a person who loves to take risks and take risks, which stands in stark contrast to his shy appearance and low-key hairstyle.</p><p>He Xiaopeng, born into an ordinary family in Huangshi, Hubei Province, had never left the province or eaten before the college entrance examination.<a href=\"https://laohu8.com/S/MCD\">McDonald's</a>And I've never been on a plane. At the time, he had a belief that traveling ten thousand miles was worse than reading ten thousand books. When filling out his college application, his only goal was to study outside the province, especially in developed cities like Beijing, Shanghai, and Guangzhou, and to see the outside world. He was eventually admitted to South China University of Technology in Guangzhou.</p><p>Today, He Xiaopeng extends this concept to children's education. As long as their lives and health are not seriously threatened, children can take risks and explore things.</p><p>One of his sons, when he was two years old, was particularly mischievous and full of curiosity about the pressure cooker, and his little hands always wanted to touch it. Most parents would stop it immediately, but He Xiaopeng had a different approach. He grabbed his son's hand and carefully let him touch it. As a result, his son was burned to tears and never dared to touch the pressure cooker again.</p><p>These personality traits were also fully demonstrated in his entrepreneurial process.</p><p>In June 2014, UC Browser, founded by He Xiaopeng, was acquired for a hefty $4 billion.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The acquisition brought him enormous wealth. $4 billion was also the highest merger and acquisition price for the Chinese internet at the time.</p><p>Subsequently, He Xiaopeng joined Alibaba, serving successively as president of Alibaba Mobile Business Group, chairman of Alibaba Games, and president of Tudou. Many people believed that He Xiaopeng would settle down and become a millionaire, and that this product manager would no longer be seen in the entrepreneurial world. But in the same year that he \"cashed out\", He Xiaopeng began to plan his new entrepreneurial venture in the new energy vehicle industry and invested in XPeng Motor, which was then called \"Chengxing Zhidong\".</p><p>“When I first saw smart electric vehicles, I immediately thought of the leap from the Symbian or JAVA era to the intelligent era,” He Xiaopeng said.</p><p>He Xiaopeng founded UC Browser, which transcended the eras of Symbian and intelligence. This experience gave him a natural sensitivity to new changes in traditional industries like automobiles. He felt that when this leap first occurred, people in the industry, being vested interests, were often unwilling to believe in this change.</p><p>It was during this industry's dormant period that he felt he had the opportunity to break through.</p><p>\"People in the internet industry are particularly daring to think, which is a characteristic formed by our long-term work,\" said He Xiaopeng.</p><p>In 2015, He Xiaopeng attended an auto show. What impressed him at the time was that 75 new cars were launched in one day at that auto show, which made him realize that the competition in the automotive industry is far more brutal than in the internet industry.</p><p>\"Imagine if the internet industry released 75 UC Browsers a day, wouldn't it feel pressure? Competition in the automotive industry is a global competition, a competition in technology, a competition in brand and reputation,\" said He Xiaopeng.</p><p>This made He Xiaopeng, who was naturally adventurous, even more determined to \"go into the water\" and give it a try.</p><p><b>\"Talking to people with your head tilted back\"</b></p><p>At that time, the success of UC Browser had accumulated a large network of connections and wealth for He Xiaopeng. When he decided to devote himself to intelligent cars, how to direct these resources to new projects and convince his old friends that he could still endure hardship and start a business was a problem that He Xiaopeng urgently needed to solve. His answer was to go all in first.</p><p>“My friends said, ‘Since you dare to go all in, then we can support you,’” He Xiaopeng said. “If I hadn’t given it my all, working a nine-to-five job every day and putting my money into financial management, how could anyone believe me?”</p><p>After devoting himself to starting a business in intelligent cars, learning from traditional cars became an important part of his work. He often tells his colleagues and friends about a common mistake that ordinary people make: drawing wrong conclusions with limited information and sound logic. The reason for this was that the information he received was incomplete, and he considered it a very terrible thing.</p><p>“In your original field, you may already be a doctoral student, but in a new field, you are still in kindergarten. Would you be willing to squat down and talk to others with your head tilted back?” He Xiaopeng said.</p><p>He Xiaopeng has always looked up to the automotive industry. He believes that mobile phones are already a remarkable combination of hardware and software, but a four- or five-meter-long car is a more imaginative and complex combination of hardware and software.</p><p>When he decided to devote himself wholeheartedly to XPeng Automotive, his early partner, Yu Yongfu, the current CEO of Alibaba Local Life and chairman of AutoNavi Group, gave him advice, and it was the only advice he could give—to find someone who could check and balance him. Because He Xiaopeng has many ideas, but not all of them are necessarily correct.</p><p>Today, there are many people within XPeng Motors' senior management who can check and balance him, and their management structure has attracted much attention from the outside world. In an exclusive interview with \"Caiyue Ni\", He Xiaopeng also spoke for the first time about the checks and balances and cooperation among management.</p><p>Currently, there are four people at the top of power in XPeng Automotive: He Xiaopeng, Xia Heng, Gu Hongdi, and He Tao. He Xiaopeng comes from the internet industry, Xia Heng and He Tao from the automotive technology field, and Gu Hongdi from the financial field. All four are very young: He Xiaopeng and Gu Hongdi are born in the 1970s, while Xia Heng and He Tao are born in the 1980s.</p><p>He Xiaopeng frankly stated that in the year and a half before their collaboration, there were many challenges. Faced with the same thing, the four of them had different strategies and solutions because they came from different fields.</p><p>For example, at the time, someone suggested setting up a forum within the company to allow employees to post and make suggestions freely. This is a common thing in internet companies, and He Xiaopeng thought that this was enough to do.</p><p>But this is something that \"shouldn't\" be done in the automotive industry. Unlike internet companies, car companies have a large number of partners and suppliers, and a wide variety of job types. The pointed questions raised by employees on the forum not only fail to promote problem-solving, but sometimes lead to misunderstandings due to the excessive diversity of information sources, thus stalling the problem-solving process.</p><p>As a result, the four of them had a heated argument over this matter. Since then, they have adjusted the forum to resolve some important and intense issues through other channels, instead of allowing tens or twenty thousand people to engage in ineffective discussions in the forum.</p><p>“Often, company founders are too familiar with an industry, or their perspectives are too unified. Whether they are right or wrong, they may also be wrong,” He Xiaopeng said. “Balance can help companies reach an organic and compromising point.”</p><p><b>Say no to \"involution\"</b></p><p>2020 was the peak period for He Xiaopeng's second entrepreneurial venture. In August of that year, XPeng went public on the New York Stock Exchange, with a market capitalization of $14.9 billion that day. This was a highlight moment that he couldn't even match when he founded UC Browser.</p><p>Today, XPeng Motors' stock price has tripled, and He Xiaopeng's net worth has risen accordingly. According to Forbes' real-time data, his current net worth has reached $8 billion, surpassing Nio Motors' Li Bin's $4.8 billion, making him the richest emerging Chinese car manufacturer.</p><p><img src=\"https://static.tigerbbs.com/7d75beebe9dfbb968a731155d3840ae8\" tg-width=\"877\" tg-height=\"1904\" referrerpolicy=\"no-referrer\"/></p><p>However, after its launch, XPeng did not slow down. The release of the P7 and P5 gave them family sedans and coupes in the price range of 200,000 to 400,000 yuan, while the debut of the G9 at last year's Guangzhou Auto Show filled the gap in the mid-to-large SUV model market. They have also taken an important step in internationalization, using Norway as a bridgehead to explore the European market; Aerial vehicles were also developed to prepare for \"air battles\" a few years later.</p><p>\"Going public allows us to gain more support from the capital market, which allows us to think about the medium to long term,\" said He Xiaopeng.</p><p>He Xiaopeng is a long-termist. When explaining the name \"XPeng\" to \"Caiyue Ni\", he said that \"small\" represents an original aspiration and represents eternal youth. When applied to corporate management, it will constantly remind oneself to move forward, not to have the problems of large corporations, and not to be satisfied with the status quo. The \"Peng\" is a large bird that can transform into a \"Kun\" and fly very high and far.</p><p>The name \"XPeng\" has always been criticized by the outside world. Some people think the name is rather old-fashioned, while others think it is too arrogant to name a vehicle after their own name. After all, only world-renowned automakers such as Honda and Mercedes-Benz use the name of their founders. He Xiaopeng jokingly told \"Cai Yue Ni\": \"You might feel rustic the first 100 times you read it, but you won't after the 101st time.\"</p><p>He Xiaopeng also has an expectation that in 10 or 20 years, brands named after Chinese names will go global.</p><p>He Xiaopeng has always had great respect for Toyota because they have trained a large number of engineers who can work for Toyota for the rest of their lives. This is particularly valuable among Chinese startups today. In an exclusive interview with \"Caiyue Ni\", He Xiaopeng also stated frankly that he hopes to create an environment and mechanism for lifelong service for employees. To this end, they have formulated a set of stock option incentive policies to encourage employees to broaden their horizons.</p><p>“Over the past two or three decades, China’s automotive industry has grown a lot, but to be honest, automotive workers work quite hard. Before new car manufacturers entered the market, their salaries were relatively low,” said He Xiaopeng.</p><p>At the same time, He Xiaopeng also hopes that the company can continue to explore and innovate, such as allowing employees to move to different positions and do different jobs. This will give employees more opportunities and enable them to stay with the company for a long time.</p><p>He Xiaopeng dislikes the word \"involution\". Previously, 35 years old was a hurdle that many internet company employees found difficult to overcome, and news of the dismissal of employees over 35 frequently sparked heated discussions.</p><p>He Xiaopeng stated that he welcomes mid-to-senior level talents aged 35 and above to XPeng Motor Company, and that XPeng currently has employees aged 60 and above. He believes that the automotive industry needs experienced and technically capable people, and these people are often quite old.</p><p>\"I don't pay much attention to whether I'm physically young; we focus on whether I'm mentally young,\" He Xiaopeng said.</p><p>XPeng has been around for seven years now, but compared to those well-known century-old automakers, it is still just a fledgling company. However, they already have more than 10,000 employees, and XPeng plans to expand its workforce to 50,000 in the next three years.</p><p>One question He Xiaopeng often ponders is whether the company could become even stronger if he were to be a cog in the machine. He believes that when a company is small, it focuses on people; when a company grows, it focuses on organization and systems, and everyone, including him, is part of the organizational system.</p><p><b>Product Manager Car Manufacturing</b></p><p>In 2021, the entry of Xiaomi and Huawei made the smart car market full of uncertainties.</p><p>Before deciding to start a car business, Lei Jun had a long phone call with He Xiaopeng to discuss entry methods, capital situation, and industry changes.</p><p>He Xiaopeng highly appreciated Lei Jun's thinking and encouraged him to work together to build cars. He believes that for many companies, the window to build cars has closed, but for companies like Huawei and Xiaomi, the window remains open, mainly because the accumulation of these companies over the years can be quickly transformed into value.</p><p>For example, these companies' technological accumulation allows them to skip the pure electric vehicle stage and directly enter the competition for intelligent vehicles. Before producing smart cars, XPeng Motors had been exploring pure electric vehicles for a long time and had taken some detours.</p><p>In He Xiaopeng's mind, elitism is an unavoidable concept. Besides his high regard for elite companies like Xiaomi and Huawei, his product design philosophy is also full of elitism.</p><p>Years of experience as a product manager have made him firmly believe that an excellent product is unlikely to be completed by too many people, because different people will have different demands. If these different demands are ultimately balanced, then it will be difficult for the product to reach its excellence. The height of a product depends more on the talent of the product manager.</p><p>He also believes that excellent product concepts come from a vision of the future, but many product managers fall into the dilemma of the blind men and the elephant, designing based on existing awareness. He believes that an excellent product manager should have the ability to think outside the box.</p><p>In September 2020, XPeng Motors unveiled a flying car at the Beijing Auto Show that was quite \"leapfrog,\" which once drew ridicule from the outside world—they were already thinking about \"air combat\" before the competition on the ground was over.</p><p>At the press conference on November 18, 2021, He Xiaopeng once again publicly announced that he had recruited many talents in the flight industry, clearly stated that the overall framework of the flying car would be mass-produced in 2024, and hoped to create a great flying car in a few years.</p><p>In fact, He Xiaopeng, who loves to \"fly,\" spends most of his time \"on the ground.\" During his two entrepreneurial ventures, he needed to solve all sorts of problems.</p><p>Currently, the \"chip shortage\" is a major problem facing the automotive industry. On November 18, after giving an exclusive interview to \"Caiyue Ni\", He Xiaopeng attended a conference on chips.</p><p>In 2021, XPeng surpassed Nio in deliveries, taking the top spot among emerging electric vehicle manufacturers. This was partly due to their management of the supply chain, which made them less affected by the \"chip shortage\". NIO, on the other hand, was once shut down due to chip issues.</p><p>“We have discussed this internally many times. In the short term, the chip shortage problem is difficult to solve. We hope that this problem can be solved in three or four quarters,” He Xiaopeng 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":{"BK4555":"新能源车","09868":"小鹏集团-W","BK1575":"同股不同权","BK4551":"寇图资本持仓","BK1539":"汽车股","BK4099":"汽车制造商","BK1588":"回港中概股","BK4526":"热门中概股","BK1119":"汽车制造商","BK4505":"高瓴资本持仓","BK1587":"次新股","XPEV":"小鹏集团"},"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":4934,"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":[],"title":"","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":"us","language":"zh","title":"Sister Wood's ARK fund is nearly halved, and Wall Street giants are trembling with fear.","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 stance brought rate hike expectations forward, US Treasury yields jumped, and investors' expectations of higher interest rates directly damaged overvalued stocks, represented by technology stocks.</p><p>The continuously rising Treasury Bond yields have further put pressure on ARKK. The 10-year Treasury Bond yield has risen 3 basis points today and 22 basis points this week. At the beginning of 2022, Sister Wood's flagship fund<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK) suffered its worst start to the year in history, falling 7% in one day on Wednesday. As of press time, ARKK has fallen 12.24% year-to-date, far exceeding the 5.3% drop in 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 eight ETFs under Sister Wood have fallen in trading days since 2022. On the fifth trading day of the year, only the Israel Innovation and Technology Fund (IZRL) did not fall, rising by 0.1% as of press time.</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 at the \"center of the storm,\" but the \"storm\" also affected Wall Street, because from...<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Major investment banks, including Goldman Sachs, have been issuing structured notes directly linked to Sister Wood's ARK series of exchange-traded funds.</p><p>Structured Notes are an investment tool that combines \"fixed-income products\" and \"derivative financial products.\" They invest most of the principal in fixed-income products through issuing institutions such as banks, and use the remaining small amount of principal to operate derivative financial products, while achieving the purpose of protecting the principal and asset appreciation.</p><p>Highly leveraged notes can provide huge upside returns, but they can also bring painful downside losses, which is the direction in 2021 and now into 2022. As long as ARK continues to rise, banks that launch these products can reap substantial fees and profits; However, once ARK falls, these notes will become liabilities.</p><p>According to Bloomberg estimates, as of early last year, there were at least 50 structured notes related to ARK, valued at over $100 million.<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 high leverage and difficulty in exiting structured notes, investors may face enormous losses. Although there is still a long time before the notes officially mature, investors in these products will face principal losses based on recent trends.</p><p>Todd Rosenbluth, head of ETF and mutual fund research at CFRA, said:</p><p>Loyal investors in the ARK strategy hope that 2022 will be more like 2020 than a carbon copy of 2021. Past performance success does not guarantee future results. Investors need to decide whether the potential returns in an environment of rising interest rates are worth the risks they are taking today. The return-based European leveraged note, launched last month and used to amplify ARK, fell as much as 17% during trading this week. The tools set up to track ARK's returns have fallen, while those set up to achieve ARK's reverse performance have started this year's work in the right way.</p><p>As mentioned in an earlier article by Wall Street Insights, funds with reverse exposure to ARK have been listed on exchanges one after another. Taking Tuttle Capital Management's Short Innovation ETF (SARK) as an example, its cumulative gain since the beginning of the year 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 halved, and Wall Street giants are trembling with fear.</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 halved, and Wall Street giants are trembling with fear.\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 stance brought rate hike expectations forward, US Treasury yields jumped, and investors' expectations of higher interest rates directly damaged overvalued stocks, represented by technology stocks.</p><p>The continuously rising Treasury Bond yields have further put pressure on ARKK. The 10-year Treasury Bond yield has risen 3 basis points today and 22 basis points this week. At the beginning of 2022, Sister Wood's flagship fund<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK) suffered its worst start to the year in history, falling 7% in one day on Wednesday. As of press time, ARKK has fallen 12.24% year-to-date, far exceeding the 5.3% drop in 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 eight ETFs under Sister Wood have fallen in trading days since 2022. On the fifth trading day of the year, only the Israel Innovation and Technology Fund (IZRL) did not fall, rising by 0.1% as of press time.</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 at the \"center of the storm,\" but the \"storm\" also affected Wall Street, because from...<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Major investment banks, including Goldman Sachs, have been issuing structured notes directly linked to Sister Wood's ARK series of exchange-traded funds.</p><p>Structured Notes are an investment tool that combines \"fixed-income products\" and \"derivative financial products.\" They invest most of the principal in fixed-income products through issuing institutions such as banks, and use the remaining small amount of principal to operate derivative financial products, while achieving the purpose of protecting the principal and asset appreciation.</p><p>Highly leveraged notes can provide huge upside returns, but they can also bring painful downside losses, which is the direction in 2021 and now into 2022. As long as ARK continues to rise, banks that launch these products can reap substantial fees and profits; However, once ARK falls, these notes will become liabilities.</p><p>According to Bloomberg estimates, as of early last year, there were at least 50 structured notes related to ARK, valued at over $100 million.<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 high leverage and difficulty in exiting structured notes, investors may face enormous losses. Although there is still a long time before the notes officially mature, investors in these products will face principal losses based on recent trends.</p><p>Todd Rosenbluth, head of ETF and mutual fund research at CFRA, said:</p><p>Loyal investors in the ARK strategy hope that 2022 will be more like 2020 than a carbon copy of 2021. Past performance success does not guarantee future results. Investors need to decide whether the potential returns in an environment of rising interest rates are worth the risks they are taking today. The return-based European leveraged note, launched last month and used to amplify ARK, fell as much as 17% during trading this week. The tools set up to track ARK's returns have fallen, while those set up to achieve ARK's reverse performance have started this year's work in the right way.</p><p>As mentioned in an earlier article by Wall Street Insights, funds with reverse exposure to ARK have been listed on exchanges one after another. Taking Tuttle Capital Management's Short Innovation ETF (SARK) as an example, its cumulative gain since the beginning of the year 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":4833,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}