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杭州滨江Trader
05-07
这篇文章不错,转发给大家看看
人类最伟大的投资方向
杭州滨江Trader
01-23
这篇文章不错,转发给大家看看
马斯克:随着功能提升,FSD订阅价格将会上涨。Cybercab生产将于四月开始。
杭州滨江Trader
2025-10-17
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@ETF小帮手:MEME ETF已上市交易一周:押注“川普政策彩票”?四大“魔性亮点”速览!
杭州滨江Trader
2025-06-19
太少了
杭州滨江Trader
2025-06-19
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杭州滨江Trader
2025-02-27
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@陈会玩66:买小米获利2600%!说一说我对小米是如何判断的
杭州滨江Trader
2025-02-07
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@投阅笔记:Palantir直接上市CEO致股东的信
杭州滨江Trader
2025-02-07
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@Millionairek:
$Palantir Technologies Inc.(PLTR)$
Building a $PLTR position through DCA—staying consistent, staying patient. Volatility is part of the journey, but discipline and long-term focus remain key. Time in the market > timing the market.
杭州滨江Trader
2024-09-07
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@小虎访谈:【小虎访谈】善先生:英伟达单日狂赚10万!大选后有确定涨势,现在逢低买入!
杭州滨江Trader
2023-12-08
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@小虎访谈:【小虎访谈】星子云资产:拼多多收益率1324%!我如何从亏损30万到多笔收益率破千?
杭州滨江Trader
2023-11-29
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抱歉,原内容已删除
杭州滨江Trader
2023-10-30
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@问就是加仓up:特斯拉能站稳200吗
杭州滨江Trader
2023-08-16
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@小虎访谈:【实盘面对面】明星虎友:蔚来上赚了100倍!
杭州滨江Trader
2023-07-07
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@复利走起来:赌徒永远是一门好生意 《复利之路》第六节
杭州滨江Trader
2023-06-12
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@价值投资为王:壮士断腕,蔚来还有机会吗?
杭州滨江Trader
2023-06-07
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@Patrick波波:挚文集团 2023 年 Q1 季报解读—失去增长,赛道生存难
杭州滨江Trader
2023-05-03
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@思辨财经:周期调整临近尾声 电商景气度需重估
杭州滨江Trader
2022-04-18
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@互联网怪盗团:三门峡没什么新闻,但是可以解答互联网的许多问题
杭州滨江Trader
2022-01-06
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@springboot:一份收益单位为"亿"的年度报告
杭州滨江Trader
2021-12-30
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@兰德:2021年投资总结-“天堂、地狱、人间”
去老虎APP查看更多动态
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19:35","market":"fut","language":"zh","title":"人类最伟大的投资方向","url":"https://stock-news.laohu8.com/highlight/detail?id=2633362180","media":"格隆汇","summary":"新的时代在定价","content":"<html><body><p>这两年,由AI大模型引爆的资本狂潮,正以人类从未见过的烈度,席卷全球。</p><p><span><b><span><span><a href=\"https://laohu8.com/S/NVDA\">英伟达</a></span></span></b><span><span>,</span><span>自</span></span><span><span>2022</span></span><span><span>年到</span></span><span><span>2025</span></span><span><span>年底,股价增长超</span></span><span><span>15</span></span><span><span>倍,市值一度超</span></span><span><span>5</span></span><span><span>万亿美元;</span></span></span></p><p><span><b><span><span><a href=\"https://laohu8.com/S/GOOG\">谷歌</a></span></span></b><span><span>,</span></span><span><span>2023</span></span><span><span>年至今股价增长</span></span><span><span>3.5</span></span><span><span>倍,当前市值</span></span><span><span>4.7</span></span><span><span>万亿美元;</span></span></span></p><p><span><b><span><span><a href=\"https://laohu8.com/S/TSM\">台积电</a></span></span></b><span><span>,</span><span>自</span></span><span><span>2022</span></span><span><span>年低点上涨近</span></span><span><span>6</span></span><span><span>倍,当前市值超</span></span><span><span>2</span></span><span><span>万亿美元;</span></span></span></p><p><span><b><span><span><a href=\"https://laohu8.com/S/AVGO\">博通</a></span></span></b><span><span>,</span><span>同期上涨超</span></span><span><span>9</span></span><span><span>倍,市值同样超</span></span><span><span>2</span></span><span><span>万亿美元;</span></span></span></p><p><span><b><span><span><a href=\"https://laohu8.com/S/MU\">美光科技</a></span></span></b><span><span>,</span><span>最近一年飙涨</span></span><span><span>7.5</span></span><span><span>倍,当前市值超</span></span><span><span>7200</span></span><span><span>亿美元;</span></span></span></p><p><span><b><span><span><a href=\"https://laohu8.com/S/INTC\">英特尔</a></span></span></b><span><span>,</span><span>一年内飙涨</span></span><span><span>4.5</span></span><span><span>倍,当前市值超</span></span><span><span>5400</span></span><span><span>亿美元;</span></span></span></p><p><span><b><span><span><a href=\"https://laohu8.com/S/SNDK\">闪迪</a></span></span></b><span><span>,</span></span><span><span>2025</span></span><span><span>年</span></span><span><span>2</span></span><span><span>月上市来,仅</span></span><span><span>1</span></span><span><span>年多飙升超</span></span><span><span>40</span></span><span><span>倍;</span></span></span></p><p><img src=\"https://img3.gelonghui.com/276cc-5a25fe3e-e018-4acf-b1d7-05f8826dc0f4.jpg?guru_height=956&guru_width=683&guru_size=133133\"/></p><p><span><span><span>还有很多热门</span></span><span><span>AI</span></span><span><span>产业链公司,短短一年股价涨幅数倍、十几倍的比比皆是。</span></span></span></p><p><span><span><span>很多人还没意识到这些数字到底有多么夸张。</span></span></span></p><p><span><span><span>这么说吧,截至</span></span><span><span>5</span></span><span><span>月</span></span><span><span>6</span></span><span><span>日,单是美股</span></span><span><span>15</span></span><span><span>家</span></span><span><span>AI</span></span><span><span>产业链相关的头部巨头(英伟达、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>、<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、台积电、<a href=\"https://laohu8.com/S/600455\">博通</a>、</span></span><span><span>meta</span></span><span><span>、<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>、美光科技、</span></span><span><span><a href=\"https://laohu8.com/S/AMD\">AMD</a></span></span><span><span>、英特尔、</span></span><span><span><a href=\"https://laohu8.com/S/ASML\">ASML</a></span></span><span><span>、<a href=\"https://laohu8.com/S/ORCL\">甲骨文</a>、</span></span><span><span>Palantir)</span></span><span><span>,</span></span><b><span><span>它们的总市值加起来,超过了</span></span><span><span>30</span></span><span><span>万亿美元。</span></span></b></span></p><p><span><span><span>当前美股最新总市值大约</span></span><span><span>92.5</span></span><span><span>万亿美元,这</span></span><span><span>15</span></span><span><span>家就占了</span></span><b><span><span>三分之一</span></span></b><span><span>;</span></span></span></p><p><span><span><span>当前</span></span><span><span>A</span></span><span><span>股总市值</span></span><span><span>118.27</span></span><span><span>万亿元,折合</span></span><span><span>17.25</span></span><span><span>万亿美元,这</span></span><span><span>15</span></span><span><span>家的总市值是其</span></span><b><span><span>1.75</span></span><span><span>倍</span></span></b><span><span>!</span></span></span></p><p><span><b><span><span>2025</span></span><span><span>年</span></span></b><b><span><span>,</span></span></b><b><span><span>美国名义</span></span><span><span>GDP30.8</span></span><span><span>万亿美元,差不多刚好</span></span></b><b><span><span>是</span></span></b><b><span><span>这</span></span><span><span>15</span></span><span><span>家的总市值!</span></span></b></span></p><p><span><span><span>这个风暴还不止发生在美股,</span></span></span></p><p><span><span><span>韩国</span></span><b><span><span><a href=\"https://laohu8.com/S/SSNLF\">三星电子</a></span></span></b><span><span>,</span><span>年初至今股价涨幅超</span></span><span><span>3.7</span></span><span><span>倍,市值突破</span></span><span><span>1.04</span></span><span><span>万亿美元;</span></span></span></p><p><span><span><span>韩国</span></span><b><span><span>SK</span></span><span><span>海力士</span></span></b><span><span>,</span><span>同期涨幅超</span></span><span><span>3.6</span></span><span><span>倍,市值涨至</span></span><span><span>7</span></span><span><span>千亿美元;</span></span></span></p><p><img src=\"https://img3.gelonghui.com/d1a62-e9d18f98-96eb-468d-821e-4df100551200.jpg?guru_height=1502&guru_width=1072&guru_size=218743\"/></p><p><span><span><span>A</span></span><span><span>股这边,</span></span><b><span><span><a href=\"https://laohu8.com/S/601138\">工业富联</a></span></span></b><span><span>股价</span></span><span><span>1</span></span><span><span>年</span></span><span><span>3</span></span><span><span>倍,市值一度超过</span></span><span><span>1.6</span></span><span><span>万亿元,成为首个受益于</span></span><span><span>AI</span></span><span><span>产业的万亿市值巨头;</span></span></span></p><p><span><b><span><span><a href=\"https://laohu8.com/S/300308\">中际旭创</a></span></span></b><span><span>,</span><span>一年涨超</span></span><span><span>10</span></span><span><span>倍,市值最高时同样突破万亿</span></span><span><span>元</span></span><span><span>;</span></span></span></p><p><span><span><span>还有大量的芯片、光通信、</span></span><span><span>PCB</span></span><span><span>龙头,市值</span></span><span><span>同样短时间内</span></span><span><span>飙升几倍,跻身</span></span><span><span>为</span></span><span><span>千亿市值</span></span><span><span>巨头</span></span><span><span>。</span></span></span></p><p><span><b><span><span>可以说,这绝对是人类</span></span></b><b><span><span>有史以来</span></span></b><b><span><span>最</span></span></b><b><span><span>极致</span></span></b><b><span><span>的一次全球性资产暴涨潮。</span></span></b></span></p><p><span><span><span>面对如此史诗级的资产狂潮</span></span><span><span>,有人翻出</span></span><span><span>2000</span></span><span><span>年互联网泡沫的旧报纸,试图证明这一切终将灰飞烟灭。</span></span></span></p><p><span><span><span>但他们忘了一件事。</span></span></span></p><p><span><span><span>人类历史上,没有一次真正的文明级变革,会因为</span></span><span><span>“看起来太贵”而停下脚步。</span></span></span></p><p><span><span><span>这一次同样如此</span></span><span><span>。</span></span></span></p><h3><strong><span><font color=\"#3daad6\">01</font></span></strong></h3><p><span><span><span>纵观人类文明史,本质上就是科技不断突破生理、环境、认知局限的进化史。</span></span></span></p><p><span><span><span>其中有一个规律从未被打破:</span></span><b><span><span>谁抓住了时代的核心科技,谁就抓住了财富的密码。</span></span></b></span></p><p><span><span><span>农耕时代,铁器、水利是核心科技,掌握先进农耕技术的人,成为当时时代的最大受益者;</span></span></span></p><p><span><span><span>工业时代,蒸汽机、电力是核心科技,催生了钢铁、能源、制造业巨头,成就了一批跨越百年的企业;</span></span></span></p><p><span><span><span>信息时代,互联网是核心科技,苹果、谷歌、微软、</span></span><span><span>meta</span></span><span><span>、<a href=\"https://laohu8.com/S/00700\">腾讯</a>,<a href=\"https://laohu8.com/S/BABA\">阿里</a>等科技巨头,创造了前所未有的市值神话;</span></span></span></p><p><span><b><span><span>而</span></span></b><b><span><span>今天,智能时代的核心科技,就是算力。</span></span></b></span></p><p><span><span><span>这一次,算力的载体是超大规模</span></span><span><span>AI</span></span><span><span>集群。</span></span></span></p><p><span><span><span>几万张、几十万张</span></span><span><span>GPU</span></span><span><span>连在一起,像一座数字时代的巨型电站。单是训练一个前沿大模型消耗的电力,就够一个普通家庭用上几百年。</span></span></span></p><p><span><span><span>而这样的集群,全世界正在以每周数个的速度拔地而起。</span></span></span></p><p><span><span><span>谁控制了最大的算力集群,谁就定义了智能的上限。</span></span></span></p><p><span><span><span>OpenAI</span></span><span><span>、</span></span><span><span>Google</span></span><span><span>、</span></span><span><span><a href=\"https://laohu8.com/S/META\">Meta</a></span></span><span><span>、</span></span><span><span>xAI</span></span><span><span>……它们之间的竞争,表面上是模型参数的竞赛,实质上是算力储备的军备竞赛。</span></span></span></p><p><span><span><span>马斯克说要建</span></span><span><span>10</span></span><span><span>万张</span></span><span><span>H100</span></span><span><span>的集群,黄仁勋说未来的数据中心会是“</span></span><span><span>AI</span></span><span><span>工厂”——</span></span><b><span><span>这些巨头们,丝毫不掩饰对算力的极致渴望。</span></span></b></span></p><p><span><span><span>他们在疯买算力,不是因为疯狂,而是因为足够清醒。</span></span></span></p><p><span><b><span><span>算力的最大价值,就在于它的需求是</span></span><span><span>“永续性、无上限”的</span></span></b><b><span><span>。</span></span></b></span></p><p><span><span><span>未来人类社会</span></span><span><span>,</span></span><span><span>必</span></span><span><span>将全面迈向智能化,算力的渗透将无孔不入,如同水和空气一样,成为人类生存、发展的必需品,</span></span><span><span>且</span></span><span><span>需求永不枯竭、持续扩容。</span></span></span></p><p><span><span><span>比如在</span></span><span><span>产业层面,工业无人化、智能制造、数字孪生、工业仿真</span></span><span><span>……这些<a href=\"https://laohu8.com/S/BJZ.SI\">高大</a>上的词背后,全都需要海量算力支撑,才能实现决策智能化、生产自动化、降低成本、提升效率;</span></span></span></p><p><span><span><span>生活层面,自动驾驶、人形机器人、智能家居、</span></span><span><span>AI</span></span><span><span>助手、元宇宙等场景的普及,更需要实时算力保障体验,让科技真正融入日常生活,改变人类的生活方式;</span></span></span></p><p><span><span><span>尤其是</span></span><span><span>前沿探索层面,生命科学(药物研发、基因测序、抗衰老研究)、空间探索(星际模拟、<a href=\"https://laohu8.com/S/000901\">航天</a>计算、太空移民)、量子科技、可控核聚变等领域的突破,更需要顶级算力作为支撑,去帮助人类突破认知边界。</span></span></span></p><p><span><span><span>更重要的是,算力的需求不会因经济周期、政策调整而减少,反而会随着智能化时代的推进持续不断提升需求总量</span></span><span><span>。</span></span></span></p><p><span><span><span>这种</span></span><span><span>“无上限、不可逆”的刚需,</span></span><b><span><span>是任何传统行业都无法比拟的优势。</span></span></b></span></p><h3><strong><span><font color=\"#3daad6\">02</font></span></strong></h3><p><span><span><span>智能时代有三大</span></span><span><span>最基础的</span></span><span><span>要素</span></span><span><span>——</span></span><span><span>算力、电力、数据。</span></span></span></p><p><span><span><span>但</span></span><span><span>凭什么算力最核心?</span></span></span></p><p><span><span><span>打个比方。</span></span></span></p><p><span><b><span><span>数据,是<a href=\"https://laohu8.com/S/00166\">新时代</a>的</span></span><span><span>“原油”。</span></span></b><span><span>它埋藏在每个点击、每段对话、每张图片里。</span></span><span><span>2025</span></span><span><span>年,全球每年产生的数据量已经超过</span></span><span><span>175ZB</span></span><span><span>——堆在一起,需要几十亿块</span></span><span><span>12TB</span></span><span><span>的硬盘才能装下。</span></span></span></p><p><span><span><span>但没有算力炼化,这些原油不过是地底下没人开采的淤泥。</span></span></span></p><p><span><b><span><span>电力,是新时代的</span></span><span><span>“血液”。</span></span></b><span><span>它驱动一切运转,但血液本身不会思考,不会决策。</span></span></span></p><p><span><span><span>AI</span></span><span><span>集群的耗电量确实在以惊人的速度膨胀,以至于有些数据中心不得不建在核电站旁边。电网公司</span></span><span><span>甚至</span></span><span><span>开始要求算力客户提前三年下用电申请</span></span><span><span>——这在历史上从未发生过。</span></span></span></p><p><span><span><span>但如果没有算力,一切归零。</span></span></span></p><p><span><span><span>没有算力,数据只是一堆沉默的比特,电力也只能点亮灯泡,点不亮智能。</span></span></span></p><p><span><span><span>这才是</span></span><span><span>“基石”的真正含义——它是地基之下那块<a href=\"https://laohu8.com/S/688169\">石头</a>,抽掉它,整座大厦瞬间崩塌。</span></span></span></p><p><span><span><span>想象一下电力的历史。</span></span></span></p><p><span><span><span>一旦人类用上了电,就再也回不去没有电的夜晚。</span></span></span></p><p><span><span><span>电灯、电话、电视、电脑</span></span><span><span>……每一项发明都在加深人类对电的依赖,直到它成为像空气一样的存在。</span></span></span></p><p><span><span><span>算力正在经历同样的过程。</span></span></span></p><p><span><span><span>今天,你已经完全离不开手机、电脑电子设备,你打开的每一个应用、敲下的每一个字背后,都要消耗大量的算力。</span></span></span></p><p><span><span><span>你甚至不知道,当你用手机拍照的一瞬间,背后有十几个</span></span><span><span>AI</span></span><span><span>模型同时运行——人脸检测、场景识别、</span></span><span><span>HDR</span></span><span><span>融合、降噪……每一个都需要算力。</span></span></span></p><p><span><span><span>2030</span></span><span><span>年,你会觉得“没有算力的一天”,就像今天觉得“没有电的一天”一样荒谬。</span></span></span></p><p><span><span><span>一旦算力侵入一个领域,它就永不退潮。</span></span></span></p><h3><strong><span><font color=\"#3daad6\">03</font></span></strong></h3><p><span><span><span>这还不是全部。</span></span></span></p><p><span><span><span>算力最迷人的地方在于</span></span><span><span>——人类对算力的贪婪,没有上限。</span></span></span></p><p><span><span><span>你可以少买一辆车、少买一部手机、少喝一杯咖啡。经济学家管这叫</span></span><span><span>“需求弹性”——价格高了,人们自然买得少。</span></span></span></p><p><span><span><span>但你不会让</span></span><span><span>AI</span></span><span><span>“少思考一点”。</span></span></span></p><p><span><span><span>而如果</span></span><span><span>你想让</span></span><span><span>AI</span></span><span><span>变聪明一点点,需要的算力要翻很多倍。</span></span></span></p><p><span><span><span>德勤的报告预测,到</span></span><span><span>2026</span></span><span><span>年,推理将占据三分之二的</span></span><span><span>AI</span></span><span><span>计算量;到</span></span><span><span>2030</span></span><span><span>年,这个比例可能达到</span></span><span><span>75%</span></span><span><span>。</span></span></span></p><p><span><span><span>这意味着,</span></span><b><span><span>算力需求不是一条向上的斜线,而是一条加速陡峭的曲线。</span></span></b></span></p><p><span><span><span>因为全球如果有一亿人每天问</span></span><span><span>AI</span></span><span><span>十个问题,那一天的推理算力消耗,就相当于重新训练一遍</span></span><span><span>GPT-4</span></span><span><span>。</span></span></span></p><p><span><span><span>另一边,算力的供给端却像跑在泥沼里。</span></span></span></p><p><span><span><span>现在,芯片制程已经逼近物理极限。</span></span><span><span>3</span></span><span><span>纳米、</span></span><span><span>2</span></span><span><span>纳米、</span></span><span><span>1</span></span><span><span>纳米……每一步难如登天。</span></span></span></p><p><span><span><span>台积电的</span></span><span><span>2</span></span><span><span>纳米工厂投资超过</span></span><span><span>300</span></span><span><span>亿美元,从动工到量产需要四五年。就算技术突破,产能爬坡也不是一朝一夕。</span></span></span></p><p><span><span><span>全球只有一家公司能生产最顶尖的极紫外光刻机</span></span><span><span>——荷兰的</span></span><span><span>ASML</span></span><span><span>。</span></span></span></p><p><span><span><span>一台机器</span></span><span><span>3.5</span></span><span><span>亿美元,年产只有几十台。每台机器重达</span></span><span><span>180</span></span><span><span>吨,需要三架<a href=\"https://laohu8.com/S/BA\">波音</a></span></span><span><span>747</span></span><span><span>才能运完。</span></span></span></p><p><span><span><span>你想增加产能?对不起,蔡司的光学镜片磨不出来,通快的激光器造不出来。</span></span></span></p><p><span><span><span>还有能源。</span></span></span></p><p><span><span><span>一个大型</span></span><span><span>AI</span></span><span><span>集群的耗电量,堪比一座中型城市。</span></span></span></p><p><span><span><span>在</span></span><span><span>美国,很多新建</span></span><span><span>的</span></span><span><span>“数据中心巷”</span></span><span><span>因为</span></span><span><span>当地电网不堪重负</span></span><span><span>而被迫暂停,</span></span><span><span>新项目并网等待时间长达数年。</span></span></span></p><p><span><span><span>算力公司开始自己建电站、买核反应堆,这在一年前还是笑话</span></span><span><span>,</span></span><span><span>如今却是普遍都在做的事。</span></span></span></p><p><span><span><span>也就是说,算力需求以指数级狂奔,但供给却被缚住手脚。</span></span></span></p><p><span><span><span>这个</span></span><span><span>“超级缺口”,将是未来十年的结构性主题。</span></span></span></p><h3><strong><span><font color=\"#3daad6\">04</font></span></strong></h3><p><span><span><span>站在今天,看向未来十年,算力产业链的路径极其清晰:</span></span></span></p><p><span><span><span>英伟达、博通、</span></span><span><span>AMD</span></span><span><span>,还有那些躲在幕后但不可或缺的</span></span><span><span>HBM</span></span><span><span>厂商(</span></span><span><span>SK</span></span><span><span>海力士、美光)、先进封装厂(台积电的</span></span><span><span>CoWoS</span></span><span><span>、日月光)、半导体设备商(</span></span><span><span>ASML</span></span><span><span>、<a href=\"https://laohu8.com/S/AMAT\">应用材料</a>、</span></span><span><span><a href=\"https://laohu8.com/S/KLAC\">KLA</a></span></span><span><span>)。</span></span></span></p><p><span><span><span>无论</span></span><span><span>AI</span></span><span><span>模型未来谁赢、谁输,这些“卖铲人”都会赢。</span></span></span></p><p><span><span><span>掘金热里,最稳赚不赔的是卖铲子的人。</span></span></span></p><p><span><span><span>这个道理,几百年来从未失效。</span></span></span></p><p><span><span><span>1849</span></span><span><span>年加州淘金热,真正发财的不是大多数淘金客,而是卖铲子、卖牛仔裤的<a href=\"https://laohu8.com/S/LEVI\">李维斯</a>。</span></span></span></p><p><span><span><span>今天,这些</span></span><span><span>AI</span></span><span><span>“卖铲人”卖出的是人类历史上最贵、最稀缺、也最不可或缺的“铲子”。</span></span></span></p><p><span><span><span>还有光模块、高速互联、交换机</span></span><span><span>……算力集群每扩大一倍,互联带宽的需求就翻几倍。从</span></span><span><span>800G</span></span><span><span>到</span></span><span><span>1.6T</span></span><span><span>到</span></span><span><span>3.2T</span></span><span><span>,光模块的升级速度远远超过了传统的“四年一代”。</span></span></span></p><p><img src=\"https://img3.gelonghui.com/cb2e6-ffb44163-f2cc-4e01-a2b6-6cbcaa7f9135.jpg?guru_height=748&guru_width=1080&guru_size=125142\"/></p><p><span><span><span>美股、</span></span><span><span>A</span></span><span><span>股里的光通信标的为什么能一年涨几倍、十几倍?因为它们是算力时代的“神经网络”。没有它们,再强的算力芯片也只能单打独斗,组不成军团。</span></span></span></p><p><span><span><span>甚至还有量子计算、光子计算、存内计算、边缘</span></span><span><span>AI</span></span><span><span>算力……这些听起来还很遥远的技术,都有可能在未来十年诞生出新的算力王者。</span></span></span></p><h3><strong><span><font color=\"#3daad6\">05</font></span></strong></h3><h3><span><strong><span><font color=\"#3daad6\">写在最后</font></span></strong></span></h3><p><span><span><span>投资的本质,是认知的变现;而认知的高度,决定了收益的上限。</span></span></span></p><p><span><span><span>我们要跳出股市的短期博弈,多从人类文明进化、国家科技发展、行业技术迭代的角度,思考算力的价值,提升自身的格局视野。</span></span></span></p><p><span><span><span>算力作为智能时代核心基石的本质,</span></span><span><span>有着</span></span><span><span>“刚需不可逆、地位不可替、壁垒不可破、增长无上限”的底层逻辑,</span></span><span><span>无疑让它能成为当下最伟大的投资方向之一</span></span><span><span>。</span></span></span></p><p><span><span><span>投资算力,甚至不需要你相信任何一家公司、任何一个</span></span><span><span>CEO</span></span><span><span>、任何一条技术路线。</span></span></span></p><p><span><span><span>你只需要相信一件事:</span></span></span></p><p><span><span><span>人类对智能的渴望,是刻在基因里的本能。而算力,是一切智能的物理化身。</span></span></span></p><p><span><span><span>或许</span></span><span><span>二十年后,人们回望</span></span><span><span>2025</span></span><span><span>—</span></span><span><span>2030</span></span><span><span>年,会说:</span></span></span></p><p><span><span><span>那是铁路时代的</span></span><span><span>1860</span></span><span><span>年代,那是电力时代的</span></span><span><span>1900</span></span><span><span>年代,那是互联网时代的</span></span><span><span>1995</span></span><span><span>年。</span></span></span></p><p><span><span><span>只是这一次,浪潮比任何一次都更确定、更汹涌、更不可阻挡。</span></span></span></p><p><span><span><span>面对如此令人激动的新时代和<a href=\"https://laohu8.com/S/600628\">新世界</a>,</span></span></span></p><p><span><span>你是拥抱?还是漠视?</span></span></p></body></html>","source":"gelonghui_highlight","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>人类最伟大的投资方向</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{ 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}\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n人类最伟大的投资方向\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-06 19:35 北京时间 <a href=https://www.gelonghui.com/p/4641590><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>这两年,由AI大模型引爆的资本狂潮,正以人类从未见过的烈度,席卷全球。英伟达,自2022年到2025年底,股价增长超15倍,市值一度超5万亿美元;谷歌,2023年至今股价增长3.5倍,当前市值4.7万亿美元;台积电,自2022年低点上涨近6倍,当前市值超2万亿美元;博通,同期上涨超9倍,市值同样超2万亿美元;美光科技,最近一年飙涨7.5倍,当前市值超7200亿美元;英特尔,一年内飙涨4.5倍,当前...</p>\n\n<a href=\"https://www.gelonghui.com/p/4641590\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://img3.gelonghui.com/168f5-51c69691-7244-4853-b93a-b23b9aba6d11.jpg?guru_height=643&guru_width=1146&guru_size=156394","relate_stocks":{"LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0109392836.USD":"富兰克林科技股A","LU0187121727.USD":"FIDELITY 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SGD-H"},"source_url":"https://www.gelonghui.com/p/4641590","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2633362180","content_text":"这两年,由AI大模型引爆的资本狂潮,正以人类从未见过的烈度,席卷全球。英伟达,自2022年到2025年底,股价增长超15倍,市值一度超5万亿美元;谷歌,2023年至今股价增长3.5倍,当前市值4.7万亿美元;台积电,自2022年低点上涨近6倍,当前市值超2万亿美元;博通,同期上涨超9倍,市值同样超2万亿美元;美光科技,最近一年飙涨7.5倍,当前市值超7200亿美元;英特尔,一年内飙涨4.5倍,当前市值超5400亿美元;闪迪,2025年2月上市来,仅1年多飙升超40倍;还有很多热门AI产业链公司,短短一年股价涨幅数倍、十几倍的比比皆是。很多人还没意识到这些数字到底有多么夸张。这么说吧,截至5月6日,单是美股15家AI产业链相关的头部巨头(英伟达、苹果、谷歌、微软、亚马逊、台积电、博通、meta、特斯拉、美光科技、AMD、英特尔、ASML、甲骨文、Palantir),它们的总市值加起来,超过了30万亿美元。当前美股最新总市值大约92.5万亿美元,这15家就占了三分之一;当前A股总市值118.27万亿元,折合17.25万亿美元,这15家的总市值是其1.75倍!2025年,美国名义GDP30.8万亿美元,差不多刚好是这15家的总市值!这个风暴还不止发生在美股,韩国三星电子,年初至今股价涨幅超3.7倍,市值突破1.04万亿美元;韩国SK海力士,同期涨幅超3.6倍,市值涨至7千亿美元;A股这边,工业富联股价1年3倍,市值一度超过1.6万亿元,成为首个受益于AI产业的万亿市值巨头;中际旭创,一年涨超10倍,市值最高时同样突破万亿元;还有大量的芯片、光通信、PCB龙头,市值同样短时间内飙升几倍,跻身为千亿市值巨头。可以说,这绝对是人类有史以来最极致的一次全球性资产暴涨潮。面对如此史诗级的资产狂潮,有人翻出2000年互联网泡沫的旧报纸,试图证明这一切终将灰飞烟灭。但他们忘了一件事。人类历史上,没有一次真正的文明级变革,会因为“看起来太贵”而停下脚步。这一次同样如此。01纵观人类文明史,本质上就是科技不断突破生理、环境、认知局限的进化史。其中有一个规律从未被打破:谁抓住了时代的核心科技,谁就抓住了财富的密码。农耕时代,铁器、水利是核心科技,掌握先进农耕技术的人,成为当时时代的最大受益者;工业时代,蒸汽机、电力是核心科技,催生了钢铁、能源、制造业巨头,成就了一批跨越百年的企业;信息时代,互联网是核心科技,苹果、谷歌、微软、meta、腾讯,阿里等科技巨头,创造了前所未有的市值神话;而今天,智能时代的核心科技,就是算力。这一次,算力的载体是超大规模AI集群。几万张、几十万张GPU连在一起,像一座数字时代的巨型电站。单是训练一个前沿大模型消耗的电力,就够一个普通家庭用上几百年。而这样的集群,全世界正在以每周数个的速度拔地而起。谁控制了最大的算力集群,谁就定义了智能的上限。OpenAI、Google、Meta、xAI……它们之间的竞争,表面上是模型参数的竞赛,实质上是算力储备的军备竞赛。马斯克说要建10万张H100的集群,黄仁勋说未来的数据中心会是“AI工厂”——这些巨头们,丝毫不掩饰对算力的极致渴望。他们在疯买算力,不是因为疯狂,而是因为足够清醒。算力的最大价值,就在于它的需求是“永续性、无上限”的。未来人类社会,必将全面迈向智能化,算力的渗透将无孔不入,如同水和空气一样,成为人类生存、发展的必需品,且需求永不枯竭、持续扩容。比如在产业层面,工业无人化、智能制造、数字孪生、工业仿真……这些高大上的词背后,全都需要海量算力支撑,才能实现决策智能化、生产自动化、降低成本、提升效率;生活层面,自动驾驶、人形机器人、智能家居、AI助手、元宇宙等场景的普及,更需要实时算力保障体验,让科技真正融入日常生活,改变人类的生活方式;尤其是前沿探索层面,生命科学(药物研发、基因测序、抗衰老研究)、空间探索(星际模拟、航天计算、太空移民)、量子科技、可控核聚变等领域的突破,更需要顶级算力作为支撑,去帮助人类突破认知边界。更重要的是,算力的需求不会因经济周期、政策调整而减少,反而会随着智能化时代的推进持续不断提升需求总量。这种“无上限、不可逆”的刚需,是任何传统行业都无法比拟的优势。02智能时代有三大最基础的要素——算力、电力、数据。但凭什么算力最核心?打个比方。数据,是新时代的“原油”。它埋藏在每个点击、每段对话、每张图片里。2025年,全球每年产生的数据量已经超过175ZB——堆在一起,需要几十亿块12TB的硬盘才能装下。但没有算力炼化,这些原油不过是地底下没人开采的淤泥。电力,是新时代的“血液”。它驱动一切运转,但血液本身不会思考,不会决策。AI集群的耗电量确实在以惊人的速度膨胀,以至于有些数据中心不得不建在核电站旁边。电网公司甚至开始要求算力客户提前三年下用电申请——这在历史上从未发生过。但如果没有算力,一切归零。没有算力,数据只是一堆沉默的比特,电力也只能点亮灯泡,点不亮智能。这才是“基石”的真正含义——它是地基之下那块石头,抽掉它,整座大厦瞬间崩塌。想象一下电力的历史。一旦人类用上了电,就再也回不去没有电的夜晚。电灯、电话、电视、电脑……每一项发明都在加深人类对电的依赖,直到它成为像空气一样的存在。算力正在经历同样的过程。今天,你已经完全离不开手机、电脑电子设备,你打开的每一个应用、敲下的每一个字背后,都要消耗大量的算力。你甚至不知道,当你用手机拍照的一瞬间,背后有十几个AI模型同时运行——人脸检测、场景识别、HDR融合、降噪……每一个都需要算力。2030年,你会觉得“没有算力的一天”,就像今天觉得“没有电的一天”一样荒谬。一旦算力侵入一个领域,它就永不退潮。03这还不是全部。算力最迷人的地方在于——人类对算力的贪婪,没有上限。你可以少买一辆车、少买一部手机、少喝一杯咖啡。经济学家管这叫“需求弹性”——价格高了,人们自然买得少。但你不会让AI“少思考一点”。而如果你想让AI变聪明一点点,需要的算力要翻很多倍。德勤的报告预测,到2026年,推理将占据三分之二的AI计算量;到2030年,这个比例可能达到75%。这意味着,算力需求不是一条向上的斜线,而是一条加速陡峭的曲线。因为全球如果有一亿人每天问AI十个问题,那一天的推理算力消耗,就相当于重新训练一遍GPT-4。另一边,算力的供给端却像跑在泥沼里。现在,芯片制程已经逼近物理极限。3纳米、2纳米、1纳米……每一步难如登天。台积电的2纳米工厂投资超过300亿美元,从动工到量产需要四五年。就算技术突破,产能爬坡也不是一朝一夕。全球只有一家公司能生产最顶尖的极紫外光刻机——荷兰的ASML。一台机器3.5亿美元,年产只有几十台。每台机器重达180吨,需要三架波音747才能运完。你想增加产能?对不起,蔡司的光学镜片磨不出来,通快的激光器造不出来。还有能源。一个大型AI集群的耗电量,堪比一座中型城市。在美国,很多新建的“数据中心巷”因为当地电网不堪重负而被迫暂停,新项目并网等待时间长达数年。算力公司开始自己建电站、买核反应堆,这在一年前还是笑话,如今却是普遍都在做的事。也就是说,算力需求以指数级狂奔,但供给却被缚住手脚。这个“超级缺口”,将是未来十年的结构性主题。04站在今天,看向未来十年,算力产业链的路径极其清晰:英伟达、博通、AMD,还有那些躲在幕后但不可或缺的HBM厂商(SK海力士、美光)、先进封装厂(台积电的CoWoS、日月光)、半导体设备商(ASML、应用材料、KLA)。无论AI模型未来谁赢、谁输,这些“卖铲人”都会赢。掘金热里,最稳赚不赔的是卖铲子的人。这个道理,几百年来从未失效。1849年加州淘金热,真正发财的不是大多数淘金客,而是卖铲子、卖牛仔裤的李维斯。今天,这些AI“卖铲人”卖出的是人类历史上最贵、最稀缺、也最不可或缺的“铲子”。还有光模块、高速互联、交换机……算力集群每扩大一倍,互联带宽的需求就翻几倍。从800G到1.6T到3.2T,光模块的升级速度远远超过了传统的“四年一代”。美股、A股里的光通信标的为什么能一年涨几倍、十几倍?因为它们是算力时代的“神经网络”。没有它们,再强的算力芯片也只能单打独斗,组不成军团。甚至还有量子计算、光子计算、存内计算、边缘AI算力……这些听起来还很遥远的技术,都有可能在未来十年诞生出新的算力王者。05写在最后投资的本质,是认知的变现;而认知的高度,决定了收益的上限。我们要跳出股市的短期博弈,多从人类文明进化、国家科技发展、行业技术迭代的角度,思考算力的价值,提升自身的格局视野。算力作为智能时代核心基石的本质,有着“刚需不可逆、地位不可替、壁垒不可破、增长无上限”的底层逻辑,无疑让它能成为当下最伟大的投资方向之一。投资算力,甚至不需要你相信任何一家公司、任何一个CEO、任何一条技术路线。你只需要相信一件事:人类对智能的渴望,是刻在基因里的本能。而算力,是一切智能的物理化身。或许二十年后,人们回望2025—2030年,会说:那是铁路时代的1860年代,那是电力时代的1900年代,那是互联网时代的1995年。只是这一次,浪潮比任何一次都更确定、更汹涌、更不可阻挡。面对如此令人激动的新时代和新世界,你是拥抱?还是漠视?","news_type":1,"symbols_score_info":{"AVS":0.6,"MU":1.87,"ORCL":1.83,"GOOY":0.6,"WTAI":0.76,"ASMH":0.6,"AVGX":0.6,"TSM":1.89,"AMZN":1.84,"AMDW":0.6,"04335":1.86,"NVDA":1.97,"ASMG":0.6,"AVGW":0.6,"TSMZ":0.6,"5RE.SI":0.67,"STSM":0.6,"ORCS":0.6,"DAMD":0.6,"AMD":1.85,"INTW":0.6,"AVGO":1.87,"03145":0.6,"AMDL":0.6,"AMDY":0.6,"AVGU":0.6,"ORCX":0.6,"MUD":0.6,"LINT":0.6,"GOOGL":1.91,"AAPL":1.85,"TSLA":1.84,"03165":0.6,"GOU":0.6,"AMDU":0.6,"GGLL":0.6,"TSMY":0.6,"TSMX":0.6,"AMYY":0.6,"MSFT":1.85,"MULL":0.6,"GOOW":0.6,"GOOX":0.6,"GGLS":0.6,"AVGG":0.6,"AMUU":0.6,"ASML":1.87,"INTC":1.86,"TSMG":0.6,"AMDG":0.6,"AMDD":0.6,"AMDS":0.6,"AVL":0.6,"GOOP":0.6,"ASMU":0.6,"META":1.85,"MUU":0.6,"SNXX":0.6,"AIYY":0.6,"TSMU":0.6,"ORCU":0.6}},"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":524862987727216,"gmtCreate":1769166973582,"gmtModify":1769166976008,"author":{"id":"3474609616759491","authorId":"34746096167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11:41","market":"us","language":"zh","title":"马斯克:随着功能提升,FSD订阅价格将会上涨。Cybercab生产将于四月开始。","url":"https://stock-news.laohu8.com/highlight/detail?id=1155528795","media":"老虎资讯综合","summary":"马斯克:随着功能提升,FSD订阅价格将会上涨。Cybercab生产将于四月开始。","content":"<p>马斯克:随着功能提升,FSD订阅价格将会上涨。Cybercab生产将于四月开始。</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>马斯克:随着功能提升,FSD订阅价格将会上涨。Cybercab生产将于四月开始。</title>\n<style 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margin: 0;line-height: 11px;}\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\">\n马斯克:随着功能提升,FSD订阅价格将会上涨。Cybercab生产将于四月开始。\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">2026-01-23 11:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>马斯克:随着功能提升,FSD订阅价格将会上涨。Cybercab生产将于四月开始。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e49ab90f6352b6ebbb45091ad18b5a2e","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155528795","content_text":"马斯克:随着功能提升,FSD订阅价格将会上涨。Cybercab生产将于四月开始。","news_type":1,"symbols_score_info":{"TSLA":2}},"isVote":1,"tweetType":1,"viewCount":1152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":490020121113304,"gmtCreate":1760661098612,"gmtModify":1760661100729,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/490020121113304","repostId":"489503561720072","repostType":1,"repost":{"id":489503561720072,"gmtCreate":1760515876942,"gmtModify":1760518074899,"author":{"id":"3527667688472228","authorId":"3527667688472228","name":"ETF小帮手","avatar":"https://static.tigerbbs.com/087e050021c7db2ae39b1cb7515b694d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667688472228","idStr":"3527667688472228"},"themes":[],"title":"MEME 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我的投资体系建立在《情绪价值投资》框架之上,主张通过超前认知预判市场情绪并进行验证纠错。今年初曾尝试短线操作,却发现与四年前一样难以适应这种高频交易模式,于是重新回归自己擅长的中长期价值赛道。投资组合中,理想汽车曾带来200%-500%的收益跃升,而真正实现500%到2500%跨越的关键,则来自于对小米的集中持仓——巅峰时期80%仓位配置正股,20%用于看涨期权对冲。这里特别说明:我的策略从不追求抄底,而是基于对趋势的判断进行\"追高\",若出现回调则通过期权工具对冲风险,这种操作模式目前仅适用于小米。 关于 <a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a> 的投资逻辑,我认为市场普遍低估了其战略价值。当前新能源汽车已进入决赛圈阶段,AI发展尚处早期,而未来的AI中后期必然需要海量硬件载体支撑。小米作为全球唯一横跨智能手机(年出货量Top3)、智能汽车(SU7交付量超预期)、智能家居(生态链产品矩阵完整)三大硬件领域的科技企业,其布局完美契合产业演进规律:行业初期炒上游资源(如2021年的锂矿热潮),中期聚焦下游应用(当下新能源车企混战),最终必然向头部集中。这种战略卡位使小米具备成为比肩腾讯、阿里的新一代科技巨头的潜力。 从品牌价值维度观察,小米正复刻 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 、 <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 的成长路径。SU7的成功不仅意味着造车业务的突破,更重要的是完成了高端品牌认知的重塑,这种势能会持续反哺手机、家电等全品类产品。目前市场对小米的质疑多停留在PE估值层面,却忽视了","listText":"大家好,2019年12月入市后,我的老虎账户累计收益率达到了2606.61%。 我的投资体系建立在《情绪价值投资》框架之上,主张通过超前认知预判市场情绪并进行验证纠错。今年初曾尝试短线操作,却发现与四年前一样难以适应这种高频交易模式,于是重新回归自己擅长的中长期价值赛道。投资组合中,理想汽车曾带来200%-500%的收益跃升,而真正实现500%到2500%跨越的关键,则来自于对小米的集中持仓——巅峰时期80%仓位配置正股,20%用于看涨期权对冲。这里特别说明:我的策略从不追求抄底,而是基于对趋势的判断进行\"追高\",若出现回调则通过期权工具对冲风险,这种操作模式目前仅适用于小米。 关于 <a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a> 的投资逻辑,我认为市场普遍低估了其战略价值。当前新能源汽车已进入决赛圈阶段,AI发展尚处早期,而未来的AI中后期必然需要海量硬件载体支撑。小米作为全球唯一横跨智能手机(年出货量Top3)、智能汽车(SU7交付量超预期)、智能家居(生态链产品矩阵完整)三大硬件领域的科技企业,其布局完美契合产业演进规律:行业初期炒上游资源(如2021年的锂矿热潮),中期聚焦下游应用(当下新能源车企混战),最终必然向头部集中。这种战略卡位使小米具备成为比肩腾讯、阿里的新一代科技巨头的潜力。 从品牌价值维度观察,小米正复刻 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 、 <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 的成长路径。SU7的成功不仅意味着造车业务的突破,更重要的是完成了高端品牌认知的重塑,这种势能会持续反哺手机、家电等全品类产品。目前市场对小米的质疑多停留在PE估值层面,却忽视了","text":"大家好,2019年12月入市后,我的老虎账户累计收益率达到了2606.61%。 我的投资体系建立在《情绪价值投资》框架之上,主张通过超前认知预判市场情绪并进行验证纠错。今年初曾尝试短线操作,却发现与四年前一样难以适应这种高频交易模式,于是重新回归自己擅长的中长期价值赛道。投资组合中,理想汽车曾带来200%-500%的收益跃升,而真正实现500%到2500%跨越的关键,则来自于对小米的集中持仓——巅峰时期80%仓位配置正股,20%用于看涨期权对冲。这里特别说明:我的策略从不追求抄底,而是基于对趋势的判断进行\"追高\",若出现回调则通过期权工具对冲风险,这种操作模式目前仅适用于小米。 关于 $小米集团-W(01810)$ 的投资逻辑,我认为市场普遍低估了其战略价值。当前新能源汽车已进入决赛圈阶段,AI发展尚处早期,而未来的AI中后期必然需要海量硬件载体支撑。小米作为全球唯一横跨智能手机(年出货量Top3)、智能汽车(SU7交付量超预期)、智能家居(生态链产品矩阵完整)三大硬件领域的科技企业,其布局完美契合产业演进规律:行业初期炒上游资源(如2021年的锂矿热潮),中期聚焦下游应用(当下新能源车企混战),最终必然向头部集中。这种战略卡位使小米具备成为比肩腾讯、阿里的新一代科技巨头的潜力。 从品牌价值维度观察,小米正复刻 $苹果(AAPL)$ 、 $特斯拉(TSLA)$ 的成长路径。SU7的成功不仅意味着造车业务的突破,更重要的是完成了高端品牌认知的重塑,这种势能会持续反哺手机、家电等全品类产品。目前市场对小米的质疑多停留在PE估值层面,却忽视了","images":[{"img":"https://static.tigerbbs.com/6b6de0a6ead5e40b03c92d3230c9d4f7","width":"609","height":"427"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/407643346632952","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":400963781640872,"gmtCreate":1738898952405,"gmtModify":1738898954383,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/400963781640872","repostId":"400943709721264","repostType":1,"repost":{"id":400943709721264,"gmtCreate":1738894409084,"gmtModify":1744853391632,"author":{"id":"3551233200528073","authorId":"3551233200528073","name":"投阅笔记","avatar":"https://static.tigerbbs.com/880e7458e2b86083ea5fcaee8dd335ea","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3551233200528073","idStr":"3551233200528073"},"themes":[],"title":"Palantir直接上市CEO致股东的信","htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> 前言:我在2020年10月开始关注Palantir,也满仓持有过它,可以说2023年和2024年的收益全是它贡献的,不过目前我已经清仓了,最近该公司2024年四季报出来大涨近24%,昨晚也收涨9.79%,目前市值达到了2534亿美元,这是真的厉害! 相关文章:(点击阅读) <a href=\"https://www.laohu8.com/post/390224568037424\" target=\"_blank\">Palantir的投资逻辑、买入过程、以及卖出过程</a> 今天开始我就把公司上市以来CEO致股东的信发出来。 2020 年 8 月 25 日 01 我们的福祉和安全有赖于有效的软件。 在稳定时期,正确的软件可以帮助我们最重要的机构为其市场和公众服务。在危机时期,有效的软件对组织的生存至关重要。 美国及其在世界各地的盟友都在使用我们的软件平台。世界上许多最重要的机构,从国防和情报机构到医疗保健、能源和制造领域的公司,都依赖于我们构建的软件平台。 我们所面临的挑战以及我们已经并将继续面对的危机,暴露了我们所依赖的机构的系统性弱点。我们的工业基础设施和制造业供应链是在另一个世纪构想和构建的。政府机构在履行职责和服务公众方面举步维艰。一些机构将挣扎求存。另一些则会崩溃。 ","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> 前言:我在2020年10月开始关注Palantir,也满仓持有过它,可以说2023年和2024年的收益全是它贡献的,不过目前我已经清仓了,最近该公司2024年四季报出来大涨近24%,昨晚也收涨9.79%,目前市值达到了2534亿美元,这是真的厉害! 相关文章:(点击阅读) <a href=\"https://www.laohu8.com/post/390224568037424\" target=\"_blank\">Palantir的投资逻辑、买入过程、以及卖出过程</a> 今天开始我就把公司上市以来CEO致股东的信发出来。 2020 年 8 月 25 日 01 我们的福祉和安全有赖于有效的软件。 在稳定时期,正确的软件可以帮助我们最重要的机构为其市场和公众服务。在危机时期,有效的软件对组织的生存至关重要。 美国及其在世界各地的盟友都在使用我们的软件平台。世界上许多最重要的机构,从国防和情报机构到医疗保健、能源和制造领域的公司,都依赖于我们构建的软件平台。 我们所面临的挑战以及我们已经并将继续面对的危机,暴露了我们所依赖的机构的系统性弱点。我们的工业基础设施和制造业供应链是在另一个世纪构想和构建的。政府机构在履行职责和服务公众方面举步维艰。一些机构将挣扎求存。另一些则会崩溃。 ","text":"$Palantir Technologies Inc.(PLTR)$ 前言:我在2020年10月开始关注Palantir,也满仓持有过它,可以说2023年和2024年的收益全是它贡献的,不过目前我已经清仓了,最近该公司2024年四季报出来大涨近24%,昨晚也收涨9.79%,目前市值达到了2534亿美元,这是真的厉害! 相关文章:(点击阅读) Palantir的投资逻辑、买入过程、以及卖出过程 今天开始我就把公司上市以来CEO致股东的信发出来。 2020 年 8 月 25 日 01 我们的福祉和安全有赖于有效的软件。 在稳定时期,正确的软件可以帮助我们最重要的机构为其市场和公众服务。在危机时期,有效的软件对组织的生存至关重要。 美国及其在世界各地的盟友都在使用我们的软件平台。世界上许多最重要的机构,从国防和情报机构到医疗保健、能源和制造领域的公司,都依赖于我们构建的软件平台。 我们所面临的挑战以及我们已经并将继续面对的危机,暴露了我们所依赖的机构的系统性弱点。我们的工业基础设施和制造业供应链是在另一个世纪构想和构建的。政府机构在履行职责和服务公众方面举步维艰。一些机构将挣扎求存。另一些则会崩溃。","images":[{"img":"https://static.tigerbbs.com/e181340a882ef304939f98e8062a8708","width":"1280","height":"720"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/400943709721264","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4760,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":400913119425016,"gmtCreate":1738886572306,"gmtModify":1738886574263,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/400913119425016","repostId":"400350861496416","repostType":1,"repost":{"id":400350861496416,"gmtCreate":1738768532619,"gmtModify":1774432643604,"author":{"id":"3578292453388898","authorId":"3578292453388898","name":"Millionairek","avatar":"https://static.tigerbbs.com/b2a64a7c13de15ad56a0c627fc2e0dd9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578292453388898","idStr":"3578292453388898"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$ </a>Building a $PLTR position through DCA—staying consistent, staying patient. Volatility is part of the journey, but discipline and long-term focus remain key. Time in the market > timing the market.","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$ </a>Building a $PLTR position through DCA—staying consistent, staying patient. Volatility is part of the journey, but discipline and long-term focus remain key. Time in the market > timing the market.","text":"$Palantir Technologies Inc.(PLTR)$ Building a $PLTR position through DCA—staying consistent, staying patient. Volatility is part of the journey, but discipline and long-term focus remain key. Time in the market > timing the market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/400350861496416","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":346679491842160,"gmtCreate":1725667938956,"gmtModify":1725667940569,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346679491842160","repostId":"346470098661512","repostType":1,"repost":{"id":346470098661512,"gmtCreate":1725614205829,"gmtModify":1725614242727,"author":{"id":"37002306153600","authorId":"37002306153600","name":"小虎访谈","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"37002306153600","idStr":"37002306153600"},"themes":[],"title":"【小虎访谈】善先生:英伟达单日狂赚10万!大选后有确定涨势,现在逢低买入!","htmlText":"各位虎友们好!本周与我们分享的虎友是 <a href=\"https://laohu8.com/U/3456308674732944\">@善先生</a> 。他认为作为个人投资者,相较于机构的优势在于“耐心”,因此他更倾向于长期投资,而市场从长期来看总是上涨的。在今年四月,他开始布局 <a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a> ,并有过在一天内赢得近10万收益的战绩[美金]!截至目前,他的年化收益率已接近150%![强][强]当前,他认为英伟达从EPS角度来看并未被高估。尽管短期内PE可能反应较慢,但从长期来看问题不大,因为资本最终会流向它。另外,根据历史数据 ,9月大选后美股通常会出现一波上涨行情,因此他计划在9月前逢低加仓。来吧虎友们,让我们一起来听听他的投资心得大分享吧[你懂的][你懂的]Q:请简单自我介绍一下36岁;目前经营一家教育培训公司;上善若水,水利万物而不争;曾是北京估值10亿宠物连锁企业联合创始人,已退股;目前在江苏徐州;本科;经营公司、看书Q:聊聊您的投资背景,和我们一起分享一下您的投资故事吧投资时间快10年了,朋友推荐的后接触的美股,我算是比较佛系的投资者,基本上不太操作,主要是做正股和ETF;我的投资分几个阶段吧:第一阶段,不了解,朋友推荐,最早投资的是GAFATA,调仓挺麻烦 <a href=\"https://laohu8.com/S/GOOG\">$谷歌(GOOG)$</a> <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> <a href=\"https://laohu8.com/S/META\">$Meta Platforms(META)$</a> <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>","listText":"各位虎友们好!本周与我们分享的虎友是 <a href=\"https://laohu8.com/U/3456308674732944\">@善先生</a> 。他认为作为个人投资者,相较于机构的优势在于“耐心”,因此他更倾向于长期投资,而市场从长期来看总是上涨的。在今年四月,他开始布局 <a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a> ,并有过在一天内赢得近10万收益的战绩[美金]!截至目前,他的年化收益率已接近150%![强][强]当前,他认为英伟达从EPS角度来看并未被高估。尽管短期内PE可能反应较慢,但从长期来看问题不大,因为资本最终会流向它。另外,根据历史数据 ,9月大选后美股通常会出现一波上涨行情,因此他计划在9月前逢低加仓。来吧虎友们,让我们一起来听听他的投资心得大分享吧[你懂的][你懂的]Q:请简单自我介绍一下36岁;目前经营一家教育培训公司;上善若水,水利万物而不争;曾是北京估值10亿宠物连锁企业联合创始人,已退股;目前在江苏徐州;本科;经营公司、看书Q:聊聊您的投资背景,和我们一起分享一下您的投资故事吧投资时间快10年了,朋友推荐的后接触的美股,我算是比较佛系的投资者,基本上不太操作,主要是做正股和ETF;我的投资分几个阶段吧:第一阶段,不了解,朋友推荐,最早投资的是GAFATA,调仓挺麻烦 <a href=\"https://laohu8.com/S/GOOG\">$谷歌(GOOG)$</a> <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> <a href=\"https://laohu8.com/S/META\">$Meta Platforms(META)$</a> <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>","text":"各位虎友们好!本周与我们分享的虎友是 @善先生 。他认为作为个人投资者,相较于机构的优势在于“耐心”,因此他更倾向于长期投资,而市场从长期来看总是上涨的。在今年四月,他开始布局 $英伟达(NVDA)$ ,并有过在一天内赢得近10万收益的战绩[美金]!截至目前,他的年化收益率已接近150%![强][强]当前,他认为英伟达从EPS角度来看并未被高估。尽管短期内PE可能反应较慢,但从长期来看问题不大,因为资本最终会流向它。另外,根据历史数据 ,9月大选后美股通常会出现一波上涨行情,因此他计划在9月前逢低加仓。来吧虎友们,让我们一起来听听他的投资心得大分享吧[你懂的][你懂的]Q:请简单自我介绍一下36岁;目前经营一家教育培训公司;上善若水,水利万物而不争;曾是北京估值10亿宠物连锁企业联合创始人,已退股;目前在江苏徐州;本科;经营公司、看书Q:聊聊您的投资背景,和我们一起分享一下您的投资故事吧投资时间快10年了,朋友推荐的后接触的美股,我算是比较佛系的投资者,基本上不太操作,主要是做正股和ETF;我的投资分几个阶段吧:第一阶段,不了解,朋友推荐,最早投资的是GAFATA,调仓挺麻烦 $谷歌(GOOG)$ $苹果(AAPL)$ $Meta Platforms(META)$ $特斯拉(TSLA)$","images":[{"img":"https://static.tigerbbs.com/295bb191b7522306e040e73a22d850ba","width":"696","height":"382"},{"img":"https://static.tigerbbs.com/093de7d179692a798153645c64b712ae","width":"816","height":"943"},{"img":"https://static.tigerbbs.com/35345696a02b9bd84d852ef1ccf97430","width":"925","height":"681"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346470098661512","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":249989484650744,"gmtCreate":1702049628478,"gmtModify":1702049629903,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/249989484650744","repostId":"249870427975704","repostType":1,"repost":{"id":249870427975704,"gmtCreate":1702020334110,"gmtModify":1703671848490,"author":{"id":"37002306153600","authorId":"37002306153600","name":"小虎访谈","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"37002306153600","idStr":"37002306153600"},"themes":[],"title":"【小虎访谈】星子云资产:拼多多收益率1324%!我如何从亏损30万到多笔收益率破千?","htmlText":"本期和我们分享的是 <a href=\"https://laohu8.com/U/3492947137139946\">@星子云资产</a> 。作为 <a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> 的忠实用户,他对拼多多持续看好。在上周的财报中,他通过期权操作,获得了惊人的1324%收益率[财迷]!目前,他仍然对拼多多充满信心,认为目标价有望冲至185+[看涨]。然而,投资路上并非一帆风顺。在2021年,他曾因抄底中概股而亏损30多万[流泪]。幸运的是,通过不断学习,他找到了高回报率的期权玩法,并获得了多笔惊人收益:他曾在 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 上通过两笔期权赚取10万元[哇塞],也曾在 <a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a> 上获得1566%的收益率。展望明年,他为自己设定了300万元的小目标[你懂的]。来吧虎友们,让我们一起看看他的高回报率实战操作秘笈吧~Q:请简单自我介绍一下26岁,独立工作室(自媒体、投资、写小程序都做)。昵称因为我的小名就叫星子,所以取名星子云资产 。个人闪光点:理性思考、拥有对普世很清醒的认知 。在杭州,本科学历专业学的电子商务。爱好:喜欢读书,热爱运动没事也喜欢看电影Q:聊聊您的投资背景吧17年(大三)接触的投资,算起来也有6整年了,接触老虎证券是21年的事了,当时中概股跌的很惨,就想抄底一些优质中概股,21年放了60w去老虎抄底中概股,结果最低点亏的只剩28万,后面慢慢等待好的期权机会,赚了回来。然后接触期权也是21年,学了期权后,就把它当成一个潜在的、在有需求的时候可随时调用的高杠杆工具。Q:您当时都抄底了哪些中概股呀,是认为当时已经是低估了吗?是的","listText":"本期和我们分享的是 <a href=\"https://laohu8.com/U/3492947137139946\">@星子云资产</a> 。作为 <a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> 的忠实用户,他对拼多多持续看好。在上周的财报中,他通过期权操作,获得了惊人的1324%收益率[财迷]!目前,他仍然对拼多多充满信心,认为目标价有望冲至185+[看涨]。然而,投资路上并非一帆风顺。在2021年,他曾因抄底中概股而亏损30多万[流泪]。幸运的是,通过不断学习,他找到了高回报率的期权玩法,并获得了多笔惊人收益:他曾在 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 上通过两笔期权赚取10万元[哇塞],也曾在 <a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a> 上获得1566%的收益率。展望明年,他为自己设定了300万元的小目标[你懂的]。来吧虎友们,让我们一起看看他的高回报率实战操作秘笈吧~Q:请简单自我介绍一下26岁,独立工作室(自媒体、投资、写小程序都做)。昵称因为我的小名就叫星子,所以取名星子云资产 。个人闪光点:理性思考、拥有对普世很清醒的认知 。在杭州,本科学历专业学的电子商务。爱好:喜欢读书,热爱运动没事也喜欢看电影Q:聊聊您的投资背景吧17年(大三)接触的投资,算起来也有6整年了,接触老虎证券是21年的事了,当时中概股跌的很惨,就想抄底一些优质中概股,21年放了60w去老虎抄底中概股,结果最低点亏的只剩28万,后面慢慢等待好的期权机会,赚了回来。然后接触期权也是21年,学了期权后,就把它当成一个潜在的、在有需求的时候可随时调用的高杠杆工具。Q:您当时都抄底了哪些中概股呀,是认为当时已经是低估了吗?是的","text":"本期和我们分享的是 @星子云资产 。作为 $拼多多(PDD)$ 的忠实用户,他对拼多多持续看好。在上周的财报中,他通过期权操作,获得了惊人的1324%收益率[财迷]!目前,他仍然对拼多多充满信心,认为目标价有望冲至185+[看涨]。然而,投资路上并非一帆风顺。在2021年,他曾因抄底中概股而亏损30多万[流泪]。幸运的是,通过不断学习,他找到了高回报率的期权玩法,并获得了多笔惊人收益:他曾在 $苹果(AAPL)$ 上通过两笔期权赚取10万元[哇塞],也曾在 $老虎证券(TIGR)$ 上获得1566%的收益率。展望明年,他为自己设定了300万元的小目标[你懂的]。来吧虎友们,让我们一起看看他的高回报率实战操作秘笈吧~Q:请简单自我介绍一下26岁,独立工作室(自媒体、投资、写小程序都做)。昵称因为我的小名就叫星子,所以取名星子云资产 。个人闪光点:理性思考、拥有对普世很清醒的认知 。在杭州,本科学历专业学的电子商务。爱好:喜欢读书,热爱运动没事也喜欢看电影Q:聊聊您的投资背景吧17年(大三)接触的投资,算起来也有6整年了,接触老虎证券是21年的事了,当时中概股跌的很惨,就想抄底一些优质中概股,21年放了60w去老虎抄底中概股,结果最低点亏的只剩28万,后面慢慢等待好的期权机会,赚了回来。然后接触期权也是21年,学了期权后,就把它当成一个潜在的、在有需求的时候可随时调用的高杠杆工具。Q:您当时都抄底了哪些中概股呀,是认为当时已经是低估了吗?是的","images":[{"img":"https://static.tigerbbs.com/5178b82d3c441ae206a87940f2210d90","width":"696","height":"382"},{"img":"https://static.tigerbbs.com/9299ed012fb23aedf5b4199919b08b1c","width":"816","height":"943"},{"img":"https://static.tigerbbs.com/a8201e5b0a3237749dfc29ab8e92958f","width":"1261","height":"717"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/249870427975704","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":246458562916560,"gmtCreate":1701191887060,"gmtModify":1701191888420,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/246458562916560","repostId":"246436509462600","repostType":1,"isVote":1,"tweetType":1,"viewCount":3448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":236163442217256,"gmtCreate":1698679080324,"gmtModify":1698679081534,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/236163442217256","repostId":"236149048631504","repostType":1,"repost":{"id":236149048631504,"gmtCreate":1698675506707,"gmtModify":1698675572874,"author":{"id":"3548388348794551","authorId":"3548388348794551","name":"问就是加仓up","avatar":"https://static.tigerbbs.com/4e98ddf789d46c5627f944fc581c0fe9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3548388348794551","idStr":"3548388348794551"},"themes":[],"title":"特斯拉能站稳200吗","htmlText":"今天看见一个很有意思的帖子,说最近几次论坛的集体共识,最后都是大跌的开始,如果你仔细思考,不仅这个帖子的例子很对,很多涨到大家服气的共识,最后都是暴跌的开始。很多把人涨服的板块,都很容易形成反杀,因为没有预期差了,大家都在冲,那么最后谁买单呢,当然是后边接盘的。投资的本质是预期差,当你买的时候一定要思考,你将来要赚谁的钱。极致的疯狂容易形成顶部,然后持续回落。 另外多说一句,黄昏见证虔诚的信仰,顶峰追随者基本上不会有太多超额收益,当别人到处分享晒单时,大概率都是结账走人的时候,如果你还着急着进场,你不买单谁买单。要信就早信,从玄学的角度看,一个人不可能适应所有的行情,如果一个人刚刚经历了自己最顺手的行情,接下来很有可能是清算行情。 本文仅为个人投资思考记录,不构成任何投资建议。 前段时间特斯拉接近300的时候发过一个帖子,主要观点是看好,当时差不多在150开始做多,最高收益接近翻倍。但是在300的关口,最终还是没跨过去。在当时看好的理由,主要是情绪面的驱动,在美股持续走高,英伟达历史新高的背景下,特斯拉居然原地不动才100多,很多踏空资金开始冲入特斯拉发动行情。之后随着财报的公布,基本面不及预期,股价大跌,从最高300跌到了200,然后触底大反弹。之后随着情绪触底,股价再次大反弹,然后被最近的新财报再次爆锤,这就是特斯拉的理想与现实,资金很热情,但是财报很骨感,没有有特别的利好支持向上。 连续两次财报不及预期,销量不乐观,财报展望较为悲观,高利率持续一只消费者需求,汽车作为典型的耐用品,而特斯拉又属于价格较高的一类,受利率的影响非常大,尽管特斯拉通过降价激发消费者兴趣,但是贷款利率在真实影响消费者的胃口。特斯拉的基本面在今年应该不会有太大的改善。原本预计9月份交付的卡车也被推迟,而且由于量产难度较大,该项目短期对业绩难以产生较大的贡献。 看看纳","listText":"今天看见一个很有意思的帖子,说最近几次论坛的集体共识,最后都是大跌的开始,如果你仔细思考,不仅这个帖子的例子很对,很多涨到大家服气的共识,最后都是暴跌的开始。很多把人涨服的板块,都很容易形成反杀,因为没有预期差了,大家都在冲,那么最后谁买单呢,当然是后边接盘的。投资的本质是预期差,当你买的时候一定要思考,你将来要赚谁的钱。极致的疯狂容易形成顶部,然后持续回落。 另外多说一句,黄昏见证虔诚的信仰,顶峰追随者基本上不会有太多超额收益,当别人到处分享晒单时,大概率都是结账走人的时候,如果你还着急着进场,你不买单谁买单。要信就早信,从玄学的角度看,一个人不可能适应所有的行情,如果一个人刚刚经历了自己最顺手的行情,接下来很有可能是清算行情。 本文仅为个人投资思考记录,不构成任何投资建议。 前段时间特斯拉接近300的时候发过一个帖子,主要观点是看好,当时差不多在150开始做多,最高收益接近翻倍。但是在300的关口,最终还是没跨过去。在当时看好的理由,主要是情绪面的驱动,在美股持续走高,英伟达历史新高的背景下,特斯拉居然原地不动才100多,很多踏空资金开始冲入特斯拉发动行情。之后随着财报的公布,基本面不及预期,股价大跌,从最高300跌到了200,然后触底大反弹。之后随着情绪触底,股价再次大反弹,然后被最近的新财报再次爆锤,这就是特斯拉的理想与现实,资金很热情,但是财报很骨感,没有有特别的利好支持向上。 连续两次财报不及预期,销量不乐观,财报展望较为悲观,高利率持续一只消费者需求,汽车作为典型的耐用品,而特斯拉又属于价格较高的一类,受利率的影响非常大,尽管特斯拉通过降价激发消费者兴趣,但是贷款利率在真实影响消费者的胃口。特斯拉的基本面在今年应该不会有太大的改善。原本预计9月份交付的卡车也被推迟,而且由于量产难度较大,该项目短期对业绩难以产生较大的贡献。 看看纳","text":"今天看见一个很有意思的帖子,说最近几次论坛的集体共识,最后都是大跌的开始,如果你仔细思考,不仅这个帖子的例子很对,很多涨到大家服气的共识,最后都是暴跌的开始。很多把人涨服的板块,都很容易形成反杀,因为没有预期差了,大家都在冲,那么最后谁买单呢,当然是后边接盘的。投资的本质是预期差,当你买的时候一定要思考,你将来要赚谁的钱。极致的疯狂容易形成顶部,然后持续回落。 另外多说一句,黄昏见证虔诚的信仰,顶峰追随者基本上不会有太多超额收益,当别人到处分享晒单时,大概率都是结账走人的时候,如果你还着急着进场,你不买单谁买单。要信就早信,从玄学的角度看,一个人不可能适应所有的行情,如果一个人刚刚经历了自己最顺手的行情,接下来很有可能是清算行情。 本文仅为个人投资思考记录,不构成任何投资建议。 前段时间特斯拉接近300的时候发过一个帖子,主要观点是看好,当时差不多在150开始做多,最高收益接近翻倍。但是在300的关口,最终还是没跨过去。在当时看好的理由,主要是情绪面的驱动,在美股持续走高,英伟达历史新高的背景下,特斯拉居然原地不动才100多,很多踏空资金开始冲入特斯拉发动行情。之后随着财报的公布,基本面不及预期,股价大跌,从最高300跌到了200,然后触底大反弹。之后随着情绪触底,股价再次大反弹,然后被最近的新财报再次爆锤,这就是特斯拉的理想与现实,资金很热情,但是财报很骨感,没有有特别的利好支持向上。 连续两次财报不及预期,销量不乐观,财报展望较为悲观,高利率持续一只消费者需求,汽车作为典型的耐用品,而特斯拉又属于价格较高的一类,受利率的影响非常大,尽管特斯拉通过降价激发消费者兴趣,但是贷款利率在真实影响消费者的胃口。特斯拉的基本面在今年应该不会有太大的改善。原本预计9月份交付的卡车也被推迟,而且由于量产难度较大,该项目短期对业绩难以产生较大的贡献。 看看纳","images":[{"img":"https://static.tigerbbs.com/f7fa5b72a2e8b35cc740fc40ab00f3d7","width":"1290","height":"830"},{"img":"https://static.tigerbbs.com/d51dbe6be189e47a64241a8a7512a14a","width":"1481","height":"677"},{"img":"https://static.tigerbbs.com/5ae266c95657cfd7a74a67abb8c0a8f6","width":"1792","height":"1324"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/236149048631504","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4955,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":209691855175824,"gmtCreate":1692199902837,"gmtModify":1692199903929,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/209691855175824","repostId":"209530379628568","repostType":1,"repost":{"id":209530379628568,"gmtCreate":1692172793599,"gmtModify":1694591798381,"author":{"id":"37002306153600","authorId":"37002306153600","name":"小虎访谈","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"37002306153600","idStr":"37002306153600"},"themes":[],"title":"【实盘面对面】明星虎友:蔚来上赚了100倍!","htmlText":"最近在逛社区的时候,不知道虎友们有没有留意到新出现了一些交易分享贴?这是 <a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a> 新上线的交易分享功能,推荐虎友们千万留意一下!因为,这些交易分享贴,可都是高手们的实盘分享,很多含金量十足的投资机会就蕴藏其中!目前已经邀请了部分用户开通了此功能,其中就有今天访谈的主角 <a href=\"https://laohu8.com/J/starInvestor?uuid=3449113858076299\" target=\"_blank\">@啊啊啊啊呀</a>作为曾经在 <a href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 上赚过100倍的男人,今天首次和老虎用户分享自己的投资心法,点击订阅<a href=\"https://laohu8.com/J/starInvestor?uuid=3449113858076299\" target=\"_blank\">@啊啊啊啊呀</a> 交易主页,收到实时调仓!Q: 简单的介绍下自己,本职工作是什么?从事股票投资多久了?我之前的工作是从事航运业,现在专职做投资交易。做投资从大二开始,到现在应该12年了,做港美股5年,专职投资做了3年了。原本的工作不太喜欢,所以就不干了。现在就是躺平,天天刷刷财经新闻,看看书,跟同事讨论下投资想法。当然投资上也挣了不少钱,让我解决了房车等问题,当然这些还不够,但是呢,又不能急,我要等待,等待时代的大机会,只要抓住一个时代大机会,人就上天了!Q: 主要的交易风格是什么样的?主要的风格是价值投机,买有题材且开始异动的标的!我喜欢已经开始暴涨的股,追高进去!交易期权大概占比90%以上,期权暴涨暴跌,所以我的收益率也极其不稳定,短期内财富上升很快,回撤时幅度也很大,接下去我还是期望自己","listText":"最近在逛社区的时候,不知道虎友们有没有留意到新出现了一些交易分享贴?这是 <a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a> 新上线的交易分享功能,推荐虎友们千万留意一下!因为,这些交易分享贴,可都是高手们的实盘分享,很多含金量十足的投资机会就蕴藏其中!目前已经邀请了部分用户开通了此功能,其中就有今天访谈的主角 <a href=\"https://laohu8.com/J/starInvestor?uuid=3449113858076299\" target=\"_blank\">@啊啊啊啊呀</a>作为曾经在 <a href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 上赚过100倍的男人,今天首次和老虎用户分享自己的投资心法,点击订阅<a href=\"https://laohu8.com/J/starInvestor?uuid=3449113858076299\" target=\"_blank\">@啊啊啊啊呀</a> 交易主页,收到实时调仓!Q: 简单的介绍下自己,本职工作是什么?从事股票投资多久了?我之前的工作是从事航运业,现在专职做投资交易。做投资从大二开始,到现在应该12年了,做港美股5年,专职投资做了3年了。原本的工作不太喜欢,所以就不干了。现在就是躺平,天天刷刷财经新闻,看看书,跟同事讨论下投资想法。当然投资上也挣了不少钱,让我解决了房车等问题,当然这些还不够,但是呢,又不能急,我要等待,等待时代的大机会,只要抓住一个时代大机会,人就上天了!Q: 主要的交易风格是什么样的?主要的风格是价值投机,买有题材且开始异动的标的!我喜欢已经开始暴涨的股,追高进去!交易期权大概占比90%以上,期权暴涨暴跌,所以我的收益率也极其不稳定,短期内财富上升很快,回撤时幅度也很大,接下去我还是期望自己","text":"最近在逛社区的时候,不知道虎友们有没有留意到新出现了一些交易分享贴?这是 $老虎证券(TIGR)$ 新上线的交易分享功能,推荐虎友们千万留意一下!因为,这些交易分享贴,可都是高手们的实盘分享,很多含金量十足的投资机会就蕴藏其中!目前已经邀请了部分用户开通了此功能,其中就有今天访谈的主角 @啊啊啊啊呀作为曾经在 $蔚来(NIO)$ 上赚过100倍的男人,今天首次和老虎用户分享自己的投资心法,点击订阅@啊啊啊啊呀 交易主页,收到实时调仓!Q: 简单的介绍下自己,本职工作是什么?从事股票投资多久了?我之前的工作是从事航运业,现在专职做投资交易。做投资从大二开始,到现在应该12年了,做港美股5年,专职投资做了3年了。原本的工作不太喜欢,所以就不干了。现在就是躺平,天天刷刷财经新闻,看看书,跟同事讨论下投资想法。当然投资上也挣了不少钱,让我解决了房车等问题,当然这些还不够,但是呢,又不能急,我要等待,等待时代的大机会,只要抓住一个时代大机会,人就上天了!Q: 主要的交易风格是什么样的?主要的风格是价值投机,买有题材且开始异动的标的!我喜欢已经开始暴涨的股,追高进去!交易期权大概占比90%以上,期权暴涨暴跌,所以我的收益率也极其不稳定,短期内财富上升很快,回撤时幅度也很大,接下去我还是期望自己","images":[{"img":"https://static.tigerbbs.com/163deea5a51245c38e01a32c9bb56c66","width":"1144","height":"530"},{"img":"https://static.tigerbbs.com/b2f6ed5efa64e332ccb1b437b8c6525a","width":"1496","height":"1464"},{"img":"https://static.tigerbbs.com/c7c4085582fce1171075681a5a228597","width":"719","height":"642"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/209530379628568","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":195404047126600,"gmtCreate":1688742999545,"gmtModify":1688743000822,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195404047126600","repostId":"195355387260928","repostType":1,"repost":{"id":195355387260928,"gmtCreate":1688716415605,"gmtModify":1744960945230,"author":{"id":"3466548205695795","authorId":"3466548205695795","name":"复利走起来","avatar":"https://static.tigerbbs.com/a744d516486b3e46d7778d6f7b42c23e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3466548205695795","idStr":"3466548205695795"},"themes":[],"title":"赌徒永远是一门好生意 《复利之路》第六节","htmlText":"本文来自《股市复利之路:十年,从10万到1亿》第六节,全书分为30节。 这个标题很容易让人误会,鼓励去赌。赌一般来说是违法的,因为大多是零和博弈,甚至是负和博弈(赌场抽水)。我说的好生意是,去做赌徒们的生意。 不管你是投资也好、投机也好,衡量投资的标准,唯一是盈利。 博彩、烟酒、证券等都是一本万利的生意,有源源不断的赌徒共同推升这些行业/公司的估值。 博彩 2019年,澳门的GDP是552亿美元,人均86000美元,位居全世界第二,仅次于卡塔尔,是香港的两倍。澳门是中国唯一合法的赌城,博彩业为澳门提供了80%的收入。在这个弹丸之地,拥有多家上市公司,金沙中国、美高梅、新濠国际、永利澳门、银河娱乐、博鳌控股等等,不仅赌合法,开赌场的还能上市融资,能不发达吗? “福利彩票” 我为什么加了双引号,因为我觉得,这纯粹就是割韭菜的博彩。2021年福利彩票销售总额是1422亿元(加上体彩,总彩票是3732亿),中奖金额呢,大概是一半700多亿,也就是说,平摊下来,你是用2块的价格,买来价值1块的彩票。这就是割韭菜呀。当然,叫福利会好听一些。 1422亿一年,14亿人一年提供了100块左右的韭菜费用(准确来说是50元左右)。所以大家可以看到,福利彩票一般都是开在小城市,或者大城市的城中村,因为高档小区的聪明人,一般都不买。 烟草 赌是上瘾的东西,抽烟喝酒也是一样的,就烟草行业而言,中国2021年烟草行业实现工商税利总额13581亿元,财政总额12442亿元,均创历史新高。2021年,中国一般公共预算收入20.25万亿元,烟草行业提供的税收占到了6%,是全中国第一大税种,每根香烟有60%的成本是税收。 喝酒 喝酒呢,现在(2022年10月)全中国最大的市值的公司不是 <a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> 、不是","listText":"本文来自《股市复利之路:十年,从10万到1亿》第六节,全书分为30节。 这个标题很容易让人误会,鼓励去赌。赌一般来说是违法的,因为大多是零和博弈,甚至是负和博弈(赌场抽水)。我说的好生意是,去做赌徒们的生意。 不管你是投资也好、投机也好,衡量投资的标准,唯一是盈利。 博彩、烟酒、证券等都是一本万利的生意,有源源不断的赌徒共同推升这些行业/公司的估值。 博彩 2019年,澳门的GDP是552亿美元,人均86000美元,位居全世界第二,仅次于卡塔尔,是香港的两倍。澳门是中国唯一合法的赌城,博彩业为澳门提供了80%的收入。在这个弹丸之地,拥有多家上市公司,金沙中国、美高梅、新濠国际、永利澳门、银河娱乐、博鳌控股等等,不仅赌合法,开赌场的还能上市融资,能不发达吗? “福利彩票” 我为什么加了双引号,因为我觉得,这纯粹就是割韭菜的博彩。2021年福利彩票销售总额是1422亿元(加上体彩,总彩票是3732亿),中奖金额呢,大概是一半700多亿,也就是说,平摊下来,你是用2块的价格,买来价值1块的彩票。这就是割韭菜呀。当然,叫福利会好听一些。 1422亿一年,14亿人一年提供了100块左右的韭菜费用(准确来说是50元左右)。所以大家可以看到,福利彩票一般都是开在小城市,或者大城市的城中村,因为高档小区的聪明人,一般都不买。 烟草 赌是上瘾的东西,抽烟喝酒也是一样的,就烟草行业而言,中国2021年烟草行业实现工商税利总额13581亿元,财政总额12442亿元,均创历史新高。2021年,中国一般公共预算收入20.25万亿元,烟草行业提供的税收占到了6%,是全中国第一大税种,每根香烟有60%的成本是税收。 喝酒 喝酒呢,现在(2022年10月)全中国最大的市值的公司不是 <a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> 、不是","text":"本文来自《股市复利之路:十年,从10万到1亿》第六节,全书分为30节。 这个标题很容易让人误会,鼓励去赌。赌一般来说是违法的,因为大多是零和博弈,甚至是负和博弈(赌场抽水)。我说的好生意是,去做赌徒们的生意。 不管你是投资也好、投机也好,衡量投资的标准,唯一是盈利。 博彩、烟酒、证券等都是一本万利的生意,有源源不断的赌徒共同推升这些行业/公司的估值。 博彩 2019年,澳门的GDP是552亿美元,人均86000美元,位居全世界第二,仅次于卡塔尔,是香港的两倍。澳门是中国唯一合法的赌城,博彩业为澳门提供了80%的收入。在这个弹丸之地,拥有多家上市公司,金沙中国、美高梅、新濠国际、永利澳门、银河娱乐、博鳌控股等等,不仅赌合法,开赌场的还能上市融资,能不发达吗? “福利彩票” 我为什么加了双引号,因为我觉得,这纯粹就是割韭菜的博彩。2021年福利彩票销售总额是1422亿元(加上体彩,总彩票是3732亿),中奖金额呢,大概是一半700多亿,也就是说,平摊下来,你是用2块的价格,买来价值1块的彩票。这就是割韭菜呀。当然,叫福利会好听一些。 1422亿一年,14亿人一年提供了100块左右的韭菜费用(准确来说是50元左右)。所以大家可以看到,福利彩票一般都是开在小城市,或者大城市的城中村,因为高档小区的聪明人,一般都不买。 烟草 赌是上瘾的东西,抽烟喝酒也是一样的,就烟草行业而言,中国2021年烟草行业实现工商税利总额13581亿元,财政总额12442亿元,均创历史新高。2021年,中国一般公共预算收入20.25万亿元,烟草行业提供的税收占到了6%,是全中国第一大税种,每根香烟有60%的成本是税收。 喝酒 喝酒呢,现在(2022年10月)全中国最大的市值的公司不是 $腾讯控股(00700)$ 、不是","images":[{"img":"https://static.tigerbbs.com/edf637abf68ca2109aea44c8d2ff95c5","width":"640","height":"296"},{"img":"https://static.tigerbbs.com/6c861cc5cf2ac60c0df147b8d6918351","width":"640","height":"78"},{"img":"https://static.tigerbbs.com/3070ed5fa695f4ef6584b7439003c8be","width":"640","height":"315"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195355387260928","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":186446588350608,"gmtCreate":1686558520881,"gmtModify":1686558522328,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186446588350608","repostId":"186445959430312","repostType":1,"repost":{"id":186445959430312,"gmtCreate":1686558254450,"gmtModify":1686558285504,"author":{"id":"21347731130544","authorId":"21347731130544","name":"价值投资为王","avatar":"https://static.tigerbbs.com/89ffffc59ff9ac9cb9cb74f596418d44","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"21347731130544","idStr":"21347731130544"},"themes":[],"title":"壮士断腕,蔚来还有机会吗?","htmlText":"周五美股盘前,蔚来发布了一季报。 第一季度营收106.8亿人民币,同比增长7.7%,不及分析师一致预期的116.3亿: 虽然业绩不好,但蔚来美股一度大涨10%,奈何盘中冲高回落,最终收跌0.77%: 大涨的原因或来自二季度销量指引,公司预计销量在2.3万-2.5万辆之间,根据已经公布的4月和5月数据,不难推算,6月的销量在10187-12187辆之间,重回万辆上方,较此前6000多辆的数据明显提升: 根据指引数据,二季度销量同比下降约8.2%-0.2%,营收约87.4亿-93.7亿,同比下滑约15.1%-9%。 营收下滑幅度大于销量,主要原因是售价更低的ET5车型开始起量,进而影响了单车收入,从一季度来看,蔚来单车收入为28万元,大幅低于去年36万左右的单价: 收入承压之下,蔚来的盈利能力也在恶化,其中,一季度毛利率降至1.5%,净亏损为47亿人民币: 将毛利率拆分,其中车辆销售毛利率5.1%,去年同期为18.1%,主要由于产品组合变动及电池单位成本增加。 截止一季度末,蔚来账上的现金只剩下378亿人民币,按照一个季度亏损近50亿来看,蔚来必须要断臂求生了! 就在近日,蔚来宣布全系车型起售价减3万元;新购车首任车主用车权益调整为整车6年或15万公里质保等;免费换电补能不再作为标准用车权益,新用户可灵活选择在家充电或到充换电站付费补能,蔚来此后将推出灵活的充换电服务套餐。已提车的用户,包括终身免费换电在内的首任车主用车权益保持不变;在购买蔚来新车时,用户可选择将原车的用车权益转移到新车,或者选择放弃其用车权益从而抵扣3万元-5万元的购车款。 此次调整,最明显的就是放弃换电,以求降低车价,提升产品竞争力。 蔚小理三家造车新势力都有各自明显的特点,蔚来是换电,小鹏是智能化,理想是增程,如今来看,只有理想的增程模","listText":"周五美股盘前,蔚来发布了一季报。 第一季度营收106.8亿人民币,同比增长7.7%,不及分析师一致预期的116.3亿: 虽然业绩不好,但蔚来美股一度大涨10%,奈何盘中冲高回落,最终收跌0.77%: 大涨的原因或来自二季度销量指引,公司预计销量在2.3万-2.5万辆之间,根据已经公布的4月和5月数据,不难推算,6月的销量在10187-12187辆之间,重回万辆上方,较此前6000多辆的数据明显提升: 根据指引数据,二季度销量同比下降约8.2%-0.2%,营收约87.4亿-93.7亿,同比下滑约15.1%-9%。 营收下滑幅度大于销量,主要原因是售价更低的ET5车型开始起量,进而影响了单车收入,从一季度来看,蔚来单车收入为28万元,大幅低于去年36万左右的单价: 收入承压之下,蔚来的盈利能力也在恶化,其中,一季度毛利率降至1.5%,净亏损为47亿人民币: 将毛利率拆分,其中车辆销售毛利率5.1%,去年同期为18.1%,主要由于产品组合变动及电池单位成本增加。 截止一季度末,蔚来账上的现金只剩下378亿人民币,按照一个季度亏损近50亿来看,蔚来必须要断臂求生了! 就在近日,蔚来宣布全系车型起售价减3万元;新购车首任车主用车权益调整为整车6年或15万公里质保等;免费换电补能不再作为标准用车权益,新用户可灵活选择在家充电或到充换电站付费补能,蔚来此后将推出灵活的充换电服务套餐。已提车的用户,包括终身免费换电在内的首任车主用车权益保持不变;在购买蔚来新车时,用户可选择将原车的用车权益转移到新车,或者选择放弃其用车权益从而抵扣3万元-5万元的购车款。 此次调整,最明显的就是放弃换电,以求降低车价,提升产品竞争力。 蔚小理三家造车新势力都有各自明显的特点,蔚来是换电,小鹏是智能化,理想是增程,如今来看,只有理想的增程模","text":"周五美股盘前,蔚来发布了一季报。 第一季度营收106.8亿人民币,同比增长7.7%,不及分析师一致预期的116.3亿: 虽然业绩不好,但蔚来美股一度大涨10%,奈何盘中冲高回落,最终收跌0.77%: 大涨的原因或来自二季度销量指引,公司预计销量在2.3万-2.5万辆之间,根据已经公布的4月和5月数据,不难推算,6月的销量在10187-12187辆之间,重回万辆上方,较此前6000多辆的数据明显提升: 根据指引数据,二季度销量同比下降约8.2%-0.2%,营收约87.4亿-93.7亿,同比下滑约15.1%-9%。 营收下滑幅度大于销量,主要原因是售价更低的ET5车型开始起量,进而影响了单车收入,从一季度来看,蔚来单车收入为28万元,大幅低于去年36万左右的单价: 收入承压之下,蔚来的盈利能力也在恶化,其中,一季度毛利率降至1.5%,净亏损为47亿人民币: 将毛利率拆分,其中车辆销售毛利率5.1%,去年同期为18.1%,主要由于产品组合变动及电池单位成本增加。 截止一季度末,蔚来账上的现金只剩下378亿人民币,按照一个季度亏损近50亿来看,蔚来必须要断臂求生了! 就在近日,蔚来宣布全系车型起售价减3万元;新购车首任车主用车权益调整为整车6年或15万公里质保等;免费换电补能不再作为标准用车权益,新用户可灵活选择在家充电或到充换电站付费补能,蔚来此后将推出灵活的充换电服务套餐。已提车的用户,包括终身免费换电在内的首任车主用车权益保持不变;在购买蔚来新车时,用户可选择将原车的用车权益转移到新车,或者选择放弃其用车权益从而抵扣3万元-5万元的购车款。 此次调整,最明显的就是放弃换电,以求降低车价,提升产品竞争力。 蔚小理三家造车新势力都有各自明显的特点,蔚来是换电,小鹏是智能化,理想是增程,如今来看,只有理想的增程模","images":[{"img":"https://static.tigerbbs.com/3839b7127a383372d239c768681b2c23","width":"1254","height":"627"},{"img":"https://static.tigerbbs.com/21b1fd1f597da4c238b2240887a18360","width":"1012","height":"532"},{"img":"https://static.tigerbbs.com/f1357b92421838b6825063107c3a841b","width":"1063","height":"532"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186445959430312","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3768,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184763846414504,"gmtCreate":1686147582327,"gmtModify":1686147584081,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184763846414504","repostId":"184662160384056","repostType":1,"repost":{"id":184662160384056,"gmtCreate":1686107889995,"gmtModify":1686107962354,"author":{"id":"3536788665288456","authorId":"3536788665288456","name":"Patrick波波","avatar":"https://static.tigerbbs.com/b106b0e98b3ae9ddc6740fb237655761","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3536788665288456","idStr":"3536788665288456"},"themes":[],"title":"挚文集团 2023 年 Q1 季报解读—失去增长,赛道生存难","htmlText":"<a href=\"https://laohu8.com/S/MOMO\">$挚文集团(MOMO)$</a> 其实就是大家所熟知的陌陌,曾经一度非常火爆的陌生人社交软件,昨天发布了其 2023 年第一季度财报。 一、整体财务数据 1.营业收入 挚文集团 Q1 营收为 28.189 亿元,较上年同期的 31.481 亿元下滑 10.5%,连续 N 个季度都在下滑了,可以说陌陌确实没落了,之前靠陌生人社交大火,但后面业务打了不少擦边球,陌生人社交概念逐渐失去热度,后面一度想靠直播续命,目前看效果仍然不是很好。 分业务来看: 直播视频服务:收入为 14.293 亿元人民币,占总收入的 50.7%,比 2022 年同期的 16.087 亿元人民币下降了 11.2%,财报解释下降的主要原因是新冠肺炎相关因素和产品调整以适应 2022 年第二季度监管变化造成的应用压力。 增值服务收入:收入总额为 13.615 亿元(合 1.982 亿美元),较 2022 年同期的 14.834 亿元下降 8.2%。主要包括虚拟礼品收入和会员订阅收入。 移动端营销:收入2,100 万元人民币,同比下降了 24.4%。移动端营销收入的下降是由于品牌营销者的需求减少。 手机游戏:收入为 370 万元人民币),较 2022 年第一季度的 2550 万元人民币下降了 85.5%。手机游戏收入的下降主要是由于公司决定从游戏发行业务转向。 图片来源于雷帝 2.利润情况 挚文集团 2023 年第一季净利润为 3.895 亿元,较上年同期的 2.888 亿元增长 35%;不按照美国通用会计准则计量(Non-GAAP),净利润为 4.711 亿元,上年同期为 3.974 亿元。收入下降,零利润增长,看来还是在降本增效了。 3.费用情况 挚文集团 2023 年第一季度的成本和支出为 24.191 亿元(约 3.522 亿美元)","listText":"<a href=\"https://laohu8.com/S/MOMO\">$挚文集团(MOMO)$</a> 其实就是大家所熟知的陌陌,曾经一度非常火爆的陌生人社交软件,昨天发布了其 2023 年第一季度财报。 一、整体财务数据 1.营业收入 挚文集团 Q1 营收为 28.189 亿元,较上年同期的 31.481 亿元下滑 10.5%,连续 N 个季度都在下滑了,可以说陌陌确实没落了,之前靠陌生人社交大火,但后面业务打了不少擦边球,陌生人社交概念逐渐失去热度,后面一度想靠直播续命,目前看效果仍然不是很好。 分业务来看: 直播视频服务:收入为 14.293 亿元人民币,占总收入的 50.7%,比 2022 年同期的 16.087 亿元人民币下降了 11.2%,财报解释下降的主要原因是新冠肺炎相关因素和产品调整以适应 2022 年第二季度监管变化造成的应用压力。 增值服务收入:收入总额为 13.615 亿元(合 1.982 亿美元),较 2022 年同期的 14.834 亿元下降 8.2%。主要包括虚拟礼品收入和会员订阅收入。 移动端营销:收入2,100 万元人民币,同比下降了 24.4%。移动端营销收入的下降是由于品牌营销者的需求减少。 手机游戏:收入为 370 万元人民币),较 2022 年第一季度的 2550 万元人民币下降了 85.5%。手机游戏收入的下降主要是由于公司决定从游戏发行业务转向。 图片来源于雷帝 2.利润情况 挚文集团 2023 年第一季净利润为 3.895 亿元,较上年同期的 2.888 亿元增长 35%;不按照美国通用会计准则计量(Non-GAAP),净利润为 4.711 亿元,上年同期为 3.974 亿元。收入下降,零利润增长,看来还是在降本增效了。 3.费用情况 挚文集团 2023 年第一季度的成本和支出为 24.191 亿元(约 3.522 亿美元)","text":"$挚文集团(MOMO)$ 其实就是大家所熟知的陌陌,曾经一度非常火爆的陌生人社交软件,昨天发布了其 2023 年第一季度财报。 一、整体财务数据 1.营业收入 挚文集团 Q1 营收为 28.189 亿元,较上年同期的 31.481 亿元下滑 10.5%,连续 N 个季度都在下滑了,可以说陌陌确实没落了,之前靠陌生人社交大火,但后面业务打了不少擦边球,陌生人社交概念逐渐失去热度,后面一度想靠直播续命,目前看效果仍然不是很好。 分业务来看: 直播视频服务:收入为 14.293 亿元人民币,占总收入的 50.7%,比 2022 年同期的 16.087 亿元人民币下降了 11.2%,财报解释下降的主要原因是新冠肺炎相关因素和产品调整以适应 2022 年第二季度监管变化造成的应用压力。 增值服务收入:收入总额为 13.615 亿元(合 1.982 亿美元),较 2022 年同期的 14.834 亿元下降 8.2%。主要包括虚拟礼品收入和会员订阅收入。 移动端营销:收入2,100 万元人民币,同比下降了 24.4%。移动端营销收入的下降是由于品牌营销者的需求减少。 手机游戏:收入为 370 万元人民币),较 2022 年第一季度的 2550 万元人民币下降了 85.5%。手机游戏收入的下降主要是由于公司决定从游戏发行业务转向。 图片来源于雷帝 2.利润情况 挚文集团 2023 年第一季净利润为 3.895 亿元,较上年同期的 2.888 亿元增长 35%;不按照美国通用会计准则计量(Non-GAAP),净利润为 4.711 亿元,上年同期为 3.974 亿元。收入下降,零利润增长,看来还是在降本增效了。 3.费用情况 挚文集团 2023 年第一季度的成本和支出为 24.191 亿元(约 3.522 亿美元)","images":[{"img":"https://static.tigerbbs.com/65f0e04e7d09ffb9120fcaac7cf6744f","width":"1105","height":"449"},{"img":"https://static.tigerbbs.com/840ab96179023efdf8f24bed79f7185b","width":"1070","height":"557"},{"img":"https://static.tigerbbs.com/c977bba73c5ce4070341906926033b3c","width":"1052","height":"445"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184662160384056","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":658766079,"gmtCreate":1683128060391,"gmtModify":1683128061902,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/658766079","repostId":"658668678","repostType":1,"repost":{"id":658668678,"gmtCreate":1682598289495,"gmtModify":1682600744959,"author":{"id":"3571026833038682","authorId":"3571026833038682","name":"思辨财经","avatar":"https://static.tigerbbs.com/26d4903b31d0aa5c76f99c3e1519f081","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571026833038682","idStr":"3571026833038682"},"themes":[],"title":"周期调整临近尾声 电商景气度需重估","htmlText":"图片 在预测未来时,如果我们更多从个体感知或静态数据出发,往往会得出似是而非的观点。如讨论内需或零售市场时,不同人基于个人观感在通缩还是通胀问题上争得面红耳赤,很难得到共识,而这又恰是我们评判行业行业未来景气度的重要参考。 本文旨在从逻辑和模型入手,展望我国内需市场,以尽量排除情绪对分析的干扰。 核心观点: 其一,周期性作为重要的分析背景,经常被市场忽略,本轮周期从2019年底开启,已经基本接近尾声; 其二,周期性与价格,库存等指标密切相关,新的周期开启往往是以价格上涨,库存上扬为表现; 其三,新的周期亦是上游重新拿到定价权为主要特点,届时恐对低价去库存平台价值产生影响,因此我们要密切注意一些企业的转型或者新业务的成长性; 其四,不同电商企业或零售业态,也要在新周期中重估。 本轮周期调整临近尾声 近期关于通缩的讨论主要聚焦在cpi和ppi两组数据,简而言之,当需求端仍被抑制时,供过于求就可能仍然是主线,使得物价水平保持在一个低水平线。 此视角看似很有道理,但其实忽略了经济周期这一因素对供给端的影响,见下图 图片 经济是存在周期性的,库存乃是最重要的观察窗口。其逻辑为,在经济高速成长期,市场供不应求价格高涨,企业纷纷储备库存以实现长期增长,但随着市场容量的逐渐饱和,库存积压问题日益显现,企业又要采取降价去库存手段以回笼现金流,稀释高库存对企业其经营产生的风险。 上图我们将PPI(工业生产者出厂价格),与产成品库存,以及企业利润的走势进行对比,会发现: 其一,前文所描述的经济周期确实是客观存在的,每轮周期在3-4年,著名经济学者洪灏在对资本市场分析时,非常推崇的850日移动均线(3年半交易日)也是将经济周期投射在资本市场之上; 其二,上图中三条折线保持着密切的正相关性,在经济扩张期,库存和利润双升,其背后乃是PPI价格体系的扩张,而在经济收缩期,高库存成为主要矛盾,于是纷纷降价","listText":"图片 在预测未来时,如果我们更多从个体感知或静态数据出发,往往会得出似是而非的观点。如讨论内需或零售市场时,不同人基于个人观感在通缩还是通胀问题上争得面红耳赤,很难得到共识,而这又恰是我们评判行业行业未来景气度的重要参考。 本文旨在从逻辑和模型入手,展望我国内需市场,以尽量排除情绪对分析的干扰。 核心观点: 其一,周期性作为重要的分析背景,经常被市场忽略,本轮周期从2019年底开启,已经基本接近尾声; 其二,周期性与价格,库存等指标密切相关,新的周期开启往往是以价格上涨,库存上扬为表现; 其三,新的周期亦是上游重新拿到定价权为主要特点,届时恐对低价去库存平台价值产生影响,因此我们要密切注意一些企业的转型或者新业务的成长性; 其四,不同电商企业或零售业态,也要在新周期中重估。 本轮周期调整临近尾声 近期关于通缩的讨论主要聚焦在cpi和ppi两组数据,简而言之,当需求端仍被抑制时,供过于求就可能仍然是主线,使得物价水平保持在一个低水平线。 此视角看似很有道理,但其实忽略了经济周期这一因素对供给端的影响,见下图 图片 经济是存在周期性的,库存乃是最重要的观察窗口。其逻辑为,在经济高速成长期,市场供不应求价格高涨,企业纷纷储备库存以实现长期增长,但随着市场容量的逐渐饱和,库存积压问题日益显现,企业又要采取降价去库存手段以回笼现金流,稀释高库存对企业其经营产生的风险。 上图我们将PPI(工业生产者出厂价格),与产成品库存,以及企业利润的走势进行对比,会发现: 其一,前文所描述的经济周期确实是客观存在的,每轮周期在3-4年,著名经济学者洪灏在对资本市场分析时,非常推崇的850日移动均线(3年半交易日)也是将经济周期投射在资本市场之上; 其二,上图中三条折线保持着密切的正相关性,在经济扩张期,库存和利润双升,其背后乃是PPI价格体系的扩张,而在经济收缩期,高库存成为主要矛盾,于是纷纷降价","text":"图片 在预测未来时,如果我们更多从个体感知或静态数据出发,往往会得出似是而非的观点。如讨论内需或零售市场时,不同人基于个人观感在通缩还是通胀问题上争得面红耳赤,很难得到共识,而这又恰是我们评判行业行业未来景气度的重要参考。 本文旨在从逻辑和模型入手,展望我国内需市场,以尽量排除情绪对分析的干扰。 核心观点: 其一,周期性作为重要的分析背景,经常被市场忽略,本轮周期从2019年底开启,已经基本接近尾声; 其二,周期性与价格,库存等指标密切相关,新的周期开启往往是以价格上涨,库存上扬为表现; 其三,新的周期亦是上游重新拿到定价权为主要特点,届时恐对低价去库存平台价值产生影响,因此我们要密切注意一些企业的转型或者新业务的成长性; 其四,不同电商企业或零售业态,也要在新周期中重估。 本轮周期调整临近尾声 近期关于通缩的讨论主要聚焦在cpi和ppi两组数据,简而言之,当需求端仍被抑制时,供过于求就可能仍然是主线,使得物价水平保持在一个低水平线。 此视角看似很有道理,但其实忽略了经济周期这一因素对供给端的影响,见下图 图片 经济是存在周期性的,库存乃是最重要的观察窗口。其逻辑为,在经济高速成长期,市场供不应求价格高涨,企业纷纷储备库存以实现长期增长,但随着市场容量的逐渐饱和,库存积压问题日益显现,企业又要采取降价去库存手段以回笼现金流,稀释高库存对企业其经营产生的风险。 上图我们将PPI(工业生产者出厂价格),与产成品库存,以及企业利润的走势进行对比,会发现: 其一,前文所描述的经济周期确实是客观存在的,每轮周期在3-4年,著名经济学者洪灏在对资本市场分析时,非常推崇的850日移动均线(3年半交易日)也是将经济周期投射在资本市场之上; 其二,上图中三条折线保持着密切的正相关性,在经济扩张期,库存和利润双升,其背后乃是PPI价格体系的扩张,而在经济收缩期,高库存成为主要矛盾,于是纷纷降价","images":[{"img":"https://static.tigerbbs.com/4c140f58de106cf75a6aa810452bcfe1","width":"830","height":"446"},{"img":"https://static.tigerbbs.com/90320b14e577e251597ea14e1b37550d","width":"1080","height":"450"},{"img":"https://static.tigerbbs.com/ccda2dfdf54b1a223decf5ebe71d6f85","width":"830","height":"458"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/658668678","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":611319018,"gmtCreate":1650295688867,"gmtModify":1650295688867,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/611319018","repostId":"613766638","repostType":1,"repost":{"id":613766638,"gmtCreate":1650083640000,"gmtModify":1650266107725,"author":{"id":"3527667638457531","authorId":"3527667638457531","name":"互联网怪盗团","avatar":"https://static.tigerbbs.com/887d4a1db5c87bb18e811a63bbad5e18","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667638457531","idStr":"3527667638457531"},"themes":[],"title":"三门峡没什么新闻,但是可以解答互联网的许多问题","htmlText":"怪盗团团长按: 本文写于2019年8月,恰好是疫情之前的最后一个暑期。当时,人员流动还很自由,景点和公共场合很少关闭,如今想来,恍如隔世! 很多乐观者认为,线下消费的凋敝只是暂时的,一旦疫情结束,就会出现“报复性消费”。然而,我在两年多以前看到的情况与此相反:在一个百万人口的三线城市的新区,已经谈不上什么人气了。或许我看到的事情不足以反映整体局面,但还是具备一定的参考意义。 现在重发这篇游记,供大家参考。后疫情时代的消费向何处去?我不知道,但我无法乐观。 2019年8月底,一个周末,我在三门峡休假,主要目的是参观仰慕已久的虢国博物馆(虢国贵族墓地及车马坑)。三门峡还是天鹅的越冬地,我住的地方附近就有一个天鹅湖,可惜现在还没入冬,看不见天鹅。 老实说,虢国博物馆比我想象的规模小,而三门峡大坝又比我想象的更雄壮。在游览这两个名胜之后,天还没黑,这一天离结束还远着呢。我决定,坐公交车去本地最大的消费场所——三门峡万达广场,看看本地人是怎么逛街的,顺便也看看有什么特色商品。 由于不熟悉交通路线,我绕了一些弯路,所幸还是在下午五点抵达了。这里发生的一切,既熟悉又陌生,令我流连忘返。从这里学到的东西,比几十份研究报告、几百组统计数据还珍贵——至少我是这么认为的。 说个题外话,泄洪期的三门峡大坝真壮观 记得2006年,我问自己的第一个雇主,一个美国基金经理:“过去二十多年,中国的经济增长令人印象深刻;你觉得下一个中国会是谁呢?” 那位基金经理毫不犹豫地回答:“下一个中国还是中国。我去过好几次中国,我看到:沿海发达地区的中国,与内陆贫困地区的中国,简直就像两个世界。现在富裕起来的中国人,只占这个国家人口的十分之一。等到经济变革的力量逐渐传导到内陆,恐怕又要过去一代人、两代人的时间。所以,小伙子,与其盼望巴西、印度或南非成为下一个中国,还不如继续好好研究中国。” 上面这段话一直印在我心里,我","listText":"怪盗团团长按: 本文写于2019年8月,恰好是疫情之前的最后一个暑期。当时,人员流动还很自由,景点和公共场合很少关闭,如今想来,恍如隔世! 很多乐观者认为,线下消费的凋敝只是暂时的,一旦疫情结束,就会出现“报复性消费”。然而,我在两年多以前看到的情况与此相反:在一个百万人口的三线城市的新区,已经谈不上什么人气了。或许我看到的事情不足以反映整体局面,但还是具备一定的参考意义。 现在重发这篇游记,供大家参考。后疫情时代的消费向何处去?我不知道,但我无法乐观。 2019年8月底,一个周末,我在三门峡休假,主要目的是参观仰慕已久的虢国博物馆(虢国贵族墓地及车马坑)。三门峡还是天鹅的越冬地,我住的地方附近就有一个天鹅湖,可惜现在还没入冬,看不见天鹅。 老实说,虢国博物馆比我想象的规模小,而三门峡大坝又比我想象的更雄壮。在游览这两个名胜之后,天还没黑,这一天离结束还远着呢。我决定,坐公交车去本地最大的消费场所——三门峡万达广场,看看本地人是怎么逛街的,顺便也看看有什么特色商品。 由于不熟悉交通路线,我绕了一些弯路,所幸还是在下午五点抵达了。这里发生的一切,既熟悉又陌生,令我流连忘返。从这里学到的东西,比几十份研究报告、几百组统计数据还珍贵——至少我是这么认为的。 说个题外话,泄洪期的三门峡大坝真壮观 记得2006年,我问自己的第一个雇主,一个美国基金经理:“过去二十多年,中国的经济增长令人印象深刻;你觉得下一个中国会是谁呢?” 那位基金经理毫不犹豫地回答:“下一个中国还是中国。我去过好几次中国,我看到:沿海发达地区的中国,与内陆贫困地区的中国,简直就像两个世界。现在富裕起来的中国人,只占这个国家人口的十分之一。等到经济变革的力量逐渐传导到内陆,恐怕又要过去一代人、两代人的时间。所以,小伙子,与其盼望巴西、印度或南非成为下一个中国,还不如继续好好研究中国。” 上面这段话一直印在我心里,我","text":"怪盗团团长按: 本文写于2019年8月,恰好是疫情之前的最后一个暑期。当时,人员流动还很自由,景点和公共场合很少关闭,如今想来,恍如隔世! 很多乐观者认为,线下消费的凋敝只是暂时的,一旦疫情结束,就会出现“报复性消费”。然而,我在两年多以前看到的情况与此相反:在一个百万人口的三线城市的新区,已经谈不上什么人气了。或许我看到的事情不足以反映整体局面,但还是具备一定的参考意义。 现在重发这篇游记,供大家参考。后疫情时代的消费向何处去?我不知道,但我无法乐观。 2019年8月底,一个周末,我在三门峡休假,主要目的是参观仰慕已久的虢国博物馆(虢国贵族墓地及车马坑)。三门峡还是天鹅的越冬地,我住的地方附近就有一个天鹅湖,可惜现在还没入冬,看不见天鹅。 老实说,虢国博物馆比我想象的规模小,而三门峡大坝又比我想象的更雄壮。在游览这两个名胜之后,天还没黑,这一天离结束还远着呢。我决定,坐公交车去本地最大的消费场所——三门峡万达广场,看看本地人是怎么逛街的,顺便也看看有什么特色商品。 由于不熟悉交通路线,我绕了一些弯路,所幸还是在下午五点抵达了。这里发生的一切,既熟悉又陌生,令我流连忘返。从这里学到的东西,比几十份研究报告、几百组统计数据还珍贵——至少我是这么认为的。 说个题外话,泄洪期的三门峡大坝真壮观 记得2006年,我问自己的第一个雇主,一个美国基金经理:“过去二十多年,中国的经济增长令人印象深刻;你觉得下一个中国会是谁呢?” 那位基金经理毫不犹豫地回答:“下一个中国还是中国。我去过好几次中国,我看到:沿海发达地区的中国,与内陆贫困地区的中国,简直就像两个世界。现在富裕起来的中国人,只占这个国家人口的十分之一。等到经济变革的力量逐渐传导到内陆,恐怕又要过去一代人、两代人的时间。所以,小伙子,与其盼望巴西、印度或南非成为下一个中国,还不如继续好好研究中国。” 上面这段话一直印在我心里,我","images":[{"img":"https://static.tigerbbs.com/f7a9fde6d43248edac2187a4afe6dedf"},{"img":"https://static.tigerbbs.com/565d754f812742338e01d630871c04c6"},{"img":"https://static.tigerbbs.com/d47a4f32408b4c8997b88b9e51b16f92"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/613766638","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695827763,"gmtCreate":1641423909881,"gmtModify":1641423909881,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695827763","repostId":"692367680","repostType":1,"repost":{"id":692367680,"gmtCreate":1640853712815,"gmtModify":1640874267676,"author":{"id":"30910413546816","authorId":"30910413546816","name":"springboot","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"30910413546816","idStr":"30910413546816"},"themes":[],"title":"一份收益单位为\"亿\"的年度报告","htmlText":"首先,这不是一篇年度复盘,我就是随性写点文字罢了。也是服了老虎,年度收益居然用\"亿\"作为单位,0.05亿美元,差不多500万美元,一时间没反应过来。。。另外这个年度收益率好像有点问题,实际上没有这么高,是不是出金后账户余额少了的计算缘故导致。延续了2020年的好收益,21年继续稳健投资,交易的股票不在多,交易的频率也不在快,全年只交易了7只股票,反正就是可以稳稳的赚钱。TSLA大概贡献了3.8M刀的收益。尽管今年不怎么发帖子,如果是混老虎比较久或者很早就关注特斯拉的朋友,应该对我有印象。没错,我就是特斯拉的死忠粉和多头。虽然不是那种持有了就不管不问的主,我也会做一些大波段,今年特斯拉的几个大波段把握的非常好,自然而然,就赚钱了。期权的占比非常低了,年度报告显示只有2%,大资金需要求稳,期权已经不是我赚钱的主要方式了。不过还是要感谢17-19年的TSLA,超高的波动性非常适合期权交易,第一桶金也是这么来的。赚钱了就要花,要不然我们辛苦赚钱的目的是什么呢。目前房子在下降通道,我喜欢的两个楼盘:泛海国际和东湖湾,最近陆续有好户型往外放,赚钱了奖励自己一套大平层也是件美好的事情。曾经说过一句话,现在能够让普通人实现财富自由的机会不是很多,TSLA算是其中一个,好好把握哦最后,@提供本年度收益的以下股票 <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a><a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a><a href=\"https://laohu8.com/S/LI\">$理想汽车(LI)$</a><a href=\"https://laohu8.com/S/XPEV\">$小鹏汽车(XPEV)$</a><a href=\"https://laohu8.com/S/00700\">$腾讯控股(</a>","listText":"首先,这不是一篇年度复盘,我就是随性写点文字罢了。也是服了老虎,年度收益居然用\"亿\"作为单位,0.05亿美元,差不多500万美元,一时间没反应过来。。。另外这个年度收益率好像有点问题,实际上没有这么高,是不是出金后账户余额少了的计算缘故导致。延续了2020年的好收益,21年继续稳健投资,交易的股票不在多,交易的频率也不在快,全年只交易了7只股票,反正就是可以稳稳的赚钱。TSLA大概贡献了3.8M刀的收益。尽管今年不怎么发帖子,如果是混老虎比较久或者很早就关注特斯拉的朋友,应该对我有印象。没错,我就是特斯拉的死忠粉和多头。虽然不是那种持有了就不管不问的主,我也会做一些大波段,今年特斯拉的几个大波段把握的非常好,自然而然,就赚钱了。期权的占比非常低了,年度报告显示只有2%,大资金需要求稳,期权已经不是我赚钱的主要方式了。不过还是要感谢17-19年的TSLA,超高的波动性非常适合期权交易,第一桶金也是这么来的。赚钱了就要花,要不然我们辛苦赚钱的目的是什么呢。目前房子在下降通道,我喜欢的两个楼盘:泛海国际和东湖湾,最近陆续有好户型往外放,赚钱了奖励自己一套大平层也是件美好的事情。曾经说过一句话,现在能够让普通人实现财富自由的机会不是很多,TSLA算是其中一个,好好把握哦最后,@提供本年度收益的以下股票 <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a><a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a><a href=\"https://laohu8.com/S/LI\">$理想汽车(LI)$</a><a href=\"https://laohu8.com/S/XPEV\">$小鹏汽车(XPEV)$</a><a href=\"https://laohu8.com/S/00700\">$腾讯控股(</a>","text":"首先,这不是一篇年度复盘,我就是随性写点文字罢了。也是服了老虎,年度收益居然用\"亿\"作为单位,0.05亿美元,差不多500万美元,一时间没反应过来。。。另外这个年度收益率好像有点问题,实际上没有这么高,是不是出金后账户余额少了的计算缘故导致。延续了2020年的好收益,21年继续稳健投资,交易的股票不在多,交易的频率也不在快,全年只交易了7只股票,反正就是可以稳稳的赚钱。TSLA大概贡献了3.8M刀的收益。尽管今年不怎么发帖子,如果是混老虎比较久或者很早就关注特斯拉的朋友,应该对我有印象。没错,我就是特斯拉的死忠粉和多头。虽然不是那种持有了就不管不问的主,我也会做一些大波段,今年特斯拉的几个大波段把握的非常好,自然而然,就赚钱了。期权的占比非常低了,年度报告显示只有2%,大资金需要求稳,期权已经不是我赚钱的主要方式了。不过还是要感谢17-19年的TSLA,超高的波动性非常适合期权交易,第一桶金也是这么来的。赚钱了就要花,要不然我们辛苦赚钱的目的是什么呢。目前房子在下降通道,我喜欢的两个楼盘:泛海国际和东湖湾,最近陆续有好户型往外放,赚钱了奖励自己一套大平层也是件美好的事情。曾经说过一句话,现在能够让普通人实现财富自由的机会不是很多,TSLA算是其中一个,好好把握哦最后,@提供本年度收益的以下股票 $特斯拉(TSLA)$$苹果(AAPL)$$理想汽车(LI)$$小鹏汽车(XPEV)$$腾讯控股(","images":[{"img":"https://static.tigerbbs.com/3422f2c35f0b86437520b86f351b38b0","width":"1170","height":"2258"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692367680","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692052574,"gmtCreate":1640801591552,"gmtModify":1640801591552,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692052574","repostId":"696699963","repostType":1,"repost":{"id":696699963,"gmtCreate":1640675582164,"gmtModify":1744960776215,"author":{"id":"72491288215554","authorId":"72491288215554","name":"兰德","avatar":"https://static.laohu8.com/tiger_upload_file_1454469189.png","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"72491288215554","idStr":"72491288215554"},"themes":[],"title":"2021年投资总结-“天堂、地狱、人间”","htmlText":" 时光流逝,2021年即将结束,2022年即将拉开帷幕,全年投资感悟可以用“天堂、地狱、人间”6个字来形容。 升入“天堂” 美股从今年1月23万多美金,2月19日到达最高值36万多,春节期间资金账户一路狂彪到达顶点,想着去年有着70倍的收益,若从2020年年初3000多美金起算,14个月有了120多倍的收益,个人开始沾沾自喜、目空一切、飘飘然然、走路带风、眉飞色舞、自满傲骄,浑身上下散发出神气,作为上班族的我,找到了正如老巴所说跳着踢踏舞上班的感觉,觉得自己是“股神”,仿佛置身于“天堂”之中,信誓旦旦给自己今年定下100万美刀目标,幻想着今年年底实现财富自由,可以提前退休,过上一直向往闲庭胜步、悠哉悠哉的美好生活。 跌落“地狱” 然而美股指数一波狂跌,我所持有的都是CALL期权,到5月中旬资金账户“飞流直下三千尺”亏损98%,只剩几千美金,到10月18日只剩下30美金,从“天堂到地狱”只花了3个多月,对我一个工薪阶层来说,半年时间200多万瞬间消失,全年不吃不喝需要20多年才能挣回来,让人无法接受,每当回想起一个又一个跌落场景,头晕目眩、浑身发冷,爬得很高,摔得很痛,痛到了骨子里去了,多少个日日夜夜辗转难眠,几十天时间白发多了一半以上,不敢和家人朋友倾述,更不愿意面对如此残酷的现实,前途一片灰暗和迷茫,酷似进入了暗无天日的无底黑洞,看不一丝丝希望之光,生无可恋想法一直在脑海中晃荡,人生进入了至暗时刻! 爱的力量&nb","listText":" 时光流逝,2021年即将结束,2022年即将拉开帷幕,全年投资感悟可以用“天堂、地狱、人间”6个字来形容。 升入“天堂” 美股从今年1月23万多美金,2月19日到达最高值36万多,春节期间资金账户一路狂彪到达顶点,想着去年有着70倍的收益,若从2020年年初3000多美金起算,14个月有了120多倍的收益,个人开始沾沾自喜、目空一切、飘飘然然、走路带风、眉飞色舞、自满傲骄,浑身上下散发出神气,作为上班族的我,找到了正如老巴所说跳着踢踏舞上班的感觉,觉得自己是“股神”,仿佛置身于“天堂”之中,信誓旦旦给自己今年定下100万美刀目标,幻想着今年年底实现财富自由,可以提前退休,过上一直向往闲庭胜步、悠哉悠哉的美好生活。 跌落“地狱” 然而美股指数一波狂跌,我所持有的都是CALL期权,到5月中旬资金账户“飞流直下三千尺”亏损98%,只剩几千美金,到10月18日只剩下30美金,从“天堂到地狱”只花了3个多月,对我一个工薪阶层来说,半年时间200多万瞬间消失,全年不吃不喝需要20多年才能挣回来,让人无法接受,每当回想起一个又一个跌落场景,头晕目眩、浑身发冷,爬得很高,摔得很痛,痛到了骨子里去了,多少个日日夜夜辗转难眠,几十天时间白发多了一半以上,不敢和家人朋友倾述,更不愿意面对如此残酷的现实,前途一片灰暗和迷茫,酷似进入了暗无天日的无底黑洞,看不一丝丝希望之光,生无可恋想法一直在脑海中晃荡,人生进入了至暗时刻! 爱的力量&nb","text":"时光流逝,2021年即将结束,2022年即将拉开帷幕,全年投资感悟可以用“天堂、地狱、人间”6个字来形容。 升入“天堂” 美股从今年1月23万多美金,2月19日到达最高值36万多,春节期间资金账户一路狂彪到达顶点,想着去年有着70倍的收益,若从2020年年初3000多美金起算,14个月有了120多倍的收益,个人开始沾沾自喜、目空一切、飘飘然然、走路带风、眉飞色舞、自满傲骄,浑身上下散发出神气,作为上班族的我,找到了正如老巴所说跳着踢踏舞上班的感觉,觉得自己是“股神”,仿佛置身于“天堂”之中,信誓旦旦给自己今年定下100万美刀目标,幻想着今年年底实现财富自由,可以提前退休,过上一直向往闲庭胜步、悠哉悠哉的美好生活。 跌落“地狱” 然而美股指数一波狂跌,我所持有的都是CALL期权,到5月中旬资金账户“飞流直下三千尺”亏损98%,只剩几千美金,到10月18日只剩下30美金,从“天堂到地狱”只花了3个多月,对我一个工薪阶层来说,半年时间200多万瞬间消失,全年不吃不喝需要20多年才能挣回来,让人无法接受,每当回想起一个又一个跌落场景,头晕目眩、浑身发冷,爬得很高,摔得很痛,痛到了骨子里去了,多少个日日夜夜辗转难眠,几十天时间白发多了一半以上,不敢和家人朋友倾述,更不愿意面对如此残酷的现实,前途一片灰暗和迷茫,酷似进入了暗无天日的无底黑洞,看不一丝丝希望之光,生无可恋想法一直在脑海中晃荡,人生进入了至暗时刻! 爱的力量&nb","images":[{"img":"https://static.tigerbbs.com/b4ba35065ca1906fe61dd2113496b9e4","width":"1537","height":"924"},{"img":"https://static.tigerbbs.com/7954aab49576a6fc8a36de5ba332ac2a","width":"1440","height":"1440"},{"img":"https://static.tigerbbs.com/454456cb8a93fd4e674e088a177c8881","width":"1080","height":"2244"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696699963","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":13,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":943672617,"gmtCreate":1594630140639,"gmtModify":1704205999630,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"<a 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href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>凉了凉了,先上DJ[捂脸][笑哭]","text":"$特斯拉(TSLA)$凉了凉了,先上DJ[捂脸][笑哭]","images":[{"img":"https://static.tigerbbs.com/0865cb59a57ec386e9e735faf3a5a8c7","width":"592","height":"1280"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/916044081","isVote":1,"tweetType":1,"viewCount":1918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":407865751236968,"gmtCreate":1740591574885,"gmtModify":1740591576086,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/407865751236968","repostId":"407643346632952","repostType":1,"repost":{"id":407643346632952,"gmtCreate":1740551368200,"gmtModify":1740571803362,"author":{"id":"3540865904543656","authorId":"3540865904543656","name":"陈会玩66","avatar":"https://static.tigerbbs.com/4ac125eb0ad4396bae999e23b5d12454","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3540865904543656","idStr":"3540865904543656"},"themes":[],"title":"买小米获利2600%!说一说我对小米是如何判断的","htmlText":"大家好,2019年12月入市后,我的老虎账户累计收益率达到了2606.61%。 我的投资体系建立在《情绪价值投资》框架之上,主张通过超前认知预判市场情绪并进行验证纠错。今年初曾尝试短线操作,却发现与四年前一样难以适应这种高频交易模式,于是重新回归自己擅长的中长期价值赛道。投资组合中,理想汽车曾带来200%-500%的收益跃升,而真正实现500%到2500%跨越的关键,则来自于对小米的集中持仓——巅峰时期80%仓位配置正股,20%用于看涨期权对冲。这里特别说明:我的策略从不追求抄底,而是基于对趋势的判断进行\"追高\",若出现回调则通过期权工具对冲风险,这种操作模式目前仅适用于小米。 关于 <a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a> 的投资逻辑,我认为市场普遍低估了其战略价值。当前新能源汽车已进入决赛圈阶段,AI发展尚处早期,而未来的AI中后期必然需要海量硬件载体支撑。小米作为全球唯一横跨智能手机(年出货量Top3)、智能汽车(SU7交付量超预期)、智能家居(生态链产品矩阵完整)三大硬件领域的科技企业,其布局完美契合产业演进规律:行业初期炒上游资源(如2021年的锂矿热潮),中期聚焦下游应用(当下新能源车企混战),最终必然向头部集中。这种战略卡位使小米具备成为比肩腾讯、阿里的新一代科技巨头的潜力。 从品牌价值维度观察,小米正复刻 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 、 <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 的成长路径。SU7的成功不仅意味着造车业务的突破,更重要的是完成了高端品牌认知的重塑,这种势能会持续反哺手机、家电等全品类产品。目前市场对小米的质疑多停留在PE估值层面,却忽视了","listText":"大家好,2019年12月入市后,我的老虎账户累计收益率达到了2606.61%。 我的投资体系建立在《情绪价值投资》框架之上,主张通过超前认知预判市场情绪并进行验证纠错。今年初曾尝试短线操作,却发现与四年前一样难以适应这种高频交易模式,于是重新回归自己擅长的中长期价值赛道。投资组合中,理想汽车曾带来200%-500%的收益跃升,而真正实现500%到2500%跨越的关键,则来自于对小米的集中持仓——巅峰时期80%仓位配置正股,20%用于看涨期权对冲。这里特别说明:我的策略从不追求抄底,而是基于对趋势的判断进行\"追高\",若出现回调则通过期权工具对冲风险,这种操作模式目前仅适用于小米。 关于 <a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a> 的投资逻辑,我认为市场普遍低估了其战略价值。当前新能源汽车已进入决赛圈阶段,AI发展尚处早期,而未来的AI中后期必然需要海量硬件载体支撑。小米作为全球唯一横跨智能手机(年出货量Top3)、智能汽车(SU7交付量超预期)、智能家居(生态链产品矩阵完整)三大硬件领域的科技企业,其布局完美契合产业演进规律:行业初期炒上游资源(如2021年的锂矿热潮),中期聚焦下游应用(当下新能源车企混战),最终必然向头部集中。这种战略卡位使小米具备成为比肩腾讯、阿里的新一代科技巨头的潜力。 从品牌价值维度观察,小米正复刻 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 、 <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 的成长路径。SU7的成功不仅意味着造车业务的突破,更重要的是完成了高端品牌认知的重塑,这种势能会持续反哺手机、家电等全品类产品。目前市场对小米的质疑多停留在PE估值层面,却忽视了","text":"大家好,2019年12月入市后,我的老虎账户累计收益率达到了2606.61%。 我的投资体系建立在《情绪价值投资》框架之上,主张通过超前认知预判市场情绪并进行验证纠错。今年初曾尝试短线操作,却发现与四年前一样难以适应这种高频交易模式,于是重新回归自己擅长的中长期价值赛道。投资组合中,理想汽车曾带来200%-500%的收益跃升,而真正实现500%到2500%跨越的关键,则来自于对小米的集中持仓——巅峰时期80%仓位配置正股,20%用于看涨期权对冲。这里特别说明:我的策略从不追求抄底,而是基于对趋势的判断进行\"追高\",若出现回调则通过期权工具对冲风险,这种操作模式目前仅适用于小米。 关于 $小米集团-W(01810)$ 的投资逻辑,我认为市场普遍低估了其战略价值。当前新能源汽车已进入决赛圈阶段,AI发展尚处早期,而未来的AI中后期必然需要海量硬件载体支撑。小米作为全球唯一横跨智能手机(年出货量Top3)、智能汽车(SU7交付量超预期)、智能家居(生态链产品矩阵完整)三大硬件领域的科技企业,其布局完美契合产业演进规律:行业初期炒上游资源(如2021年的锂矿热潮),中期聚焦下游应用(当下新能源车企混战),最终必然向头部集中。这种战略卡位使小米具备成为比肩腾讯、阿里的新一代科技巨头的潜力。 从品牌价值维度观察,小米正复刻 $苹果(AAPL)$ 、 $特斯拉(TSLA)$ 的成长路径。SU7的成功不仅意味着造车业务的突破,更重要的是完成了高端品牌认知的重塑,这种势能会持续反哺手机、家电等全品类产品。目前市场对小米的质疑多停留在PE估值层面,却忽视了","images":[{"img":"https://static.tigerbbs.com/6b6de0a6ead5e40b03c92d3230c9d4f7","width":"609","height":"427"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/407643346632952","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":916197611,"gmtCreate":1579264949033,"gmtModify":1704339471853,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>虽然看好,但是技术面确实不支持这个位置直接上,还得调整一下;正股无忧,赌期权的或者末日期权的,危险了。","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>虽然看好,但是技术面确实不支持这个位置直接上,还得调整一下;正股无忧,赌期权的或者末日期权的,危险了。","text":"$特斯拉(TSLA)$虽然看好,但是技术面确实不支持这个位置直接上,还得调整一下;正股无忧,赌期权的或者末日期权的,危险了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/916197611","isVote":1,"tweetType":1,"viewCount":1379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":914085326,"gmtCreate":1580986269765,"gmtModify":1704343110438,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>估计700以下见了,高手战场,我等菜鸟还是围观吧","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>估计700以下见了,高手战场,我等菜鸟还是围观吧","text":"$特斯拉(TSLA)$估计700以下见了,高手战场,我等菜鸟还是围观吧","images":[{"img":"https://static.tigerbbs.com/4c25bdb008b47eaa3e901e0bc7e041e3","width":"1125","height":"2436"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/914085326","isVote":1,"tweetType":1,"viewCount":1851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":120653,"gmtCreate":1511515952727,"gmtModify":1704884440304,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"谁抄底谁断子绝孙","htmlText":"$红黄蓝(RYB)$ 祝你早晚爆仓","listText":"$红黄蓝(RYB)$ 祝你早晚爆仓","text":"$红黄蓝(RYB)$ 祝你早晚爆仓","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120653","isVote":1,"tweetType":1,"viewCount":1620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":330374569,"gmtCreate":1608549291451,"gmtModify":1703735333454,"author":{"id":"3474609616759491","authorId":"3474609616759491","name":"杭州滨江Trader","avatar":"https://static.tigerbbs.com/46685f61c1cba68a9cf5a682b1328451","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474609616759491","idStr":"3474609616759491"},"themes":[],"title":"","htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/330374569","repostId":"330339435","repostType":1,"repost":{"id":330339435,"gmtCreate":1608536549827,"gmtModify":1744960601134,"author":{"id":"3555926517215344","authorId":"3555926517215344","name":"走马财经","avatar":"https://static.tigerbbs.com/405de4c75e3b97b2d778531943cbe586","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555926517215344","idStr":"3555926517215344"},"themes":[],"title":"我凭运气月赚100万 最后凭实力亏掉200万","htmlText":"对了,拜托大家一件小事。<a href=\"https://laohu8.com/TW/396194927\" target=\"_blank\">我入围了2020老虎新锐人物,求求各位粉丝大大帮我投一票吧,记得选“走马看世界”</a>前两天,我在公众号后台收到一个读者的来信,征得他本人同意,把内容整理后发布出来,希望对投资路上的朋友也有所启迪:走马老师您好。我现在非常痛苦。曾经,我在刚入美股一个月左右赚了100万,说起来还得谢谢您。那段时间是我这几年来最快乐的时光。但是最近半年,我不仅把赚来的100万全部亏掉,还倒贴进去100万本金,等于总共亏了200万。我是今年3月份开户入市的,那时候窝在家里,就想好好学学投资。一开始,我的本金只有10万美金,前面一个月也没敢下手,看了不少投资的书,也看了各种公司分析,还是没有头绪。后来陆续买了些阿里和拼多多的票,买的都很少,里里外外除掉手续费就赚点零花钱。后来,因为偶然的机会,我看到了您发的一篇文章《拼多多最快今年底超越阿里巴巴》,前面一段时间的操作,拼多多涨了十几个点,但是持仓太少,阿里持仓多些亏了几个点,总体基本没赚钱。后面又看了您的几篇拼多多的文章,我决定全仓买入,还挪了20万美金进来,本金总共是30万美金。5月27号,拼多多大跌7%,我在跌到60.98美金的时候全仓杀入,当天收盘的时候跌到了60.32美金,亏了差不多2万人民币,心里还是有些肉疼的。但是很幸运的,两天后,就大涨了10%,我的持仓盈利了差不多20万人民币。然后基本上一路上涨,直到7月1日,黄峥突然宣布卸任CEO,我当时就慌了。我到处找各种分析文章来看,最后还是相信了您的观点《黄峥抽身一小步 拼多多向前一大步》,继续持有,但是那几天每天晚上都睡不着觉,害怕暴跌,因为我当时已经赚了12万美金,盈利40%了。虽然宣布后股价没有暴跌,但是后面几天一直震荡,我终于在7月9号放手了,","listText":"对了,拜托大家一件小事。<a href=\"https://laohu8.com/TW/396194927\" target=\"_blank\">我入围了2020老虎新锐人物,求求各位粉丝大大帮我投一票吧,记得选“走马看世界”</a>前两天,我在公众号后台收到一个读者的来信,征得他本人同意,把内容整理后发布出来,希望对投资路上的朋友也有所启迪:走马老师您好。我现在非常痛苦。曾经,我在刚入美股一个月左右赚了100万,说起来还得谢谢您。那段时间是我这几年来最快乐的时光。但是最近半年,我不仅把赚来的100万全部亏掉,还倒贴进去100万本金,等于总共亏了200万。我是今年3月份开户入市的,那时候窝在家里,就想好好学学投资。一开始,我的本金只有10万美金,前面一个月也没敢下手,看了不少投资的书,也看了各种公司分析,还是没有头绪。后来陆续买了些阿里和拼多多的票,买的都很少,里里外外除掉手续费就赚点零花钱。后来,因为偶然的机会,我看到了您发的一篇文章《拼多多最快今年底超越阿里巴巴》,前面一段时间的操作,拼多多涨了十几个点,但是持仓太少,阿里持仓多些亏了几个点,总体基本没赚钱。后面又看了您的几篇拼多多的文章,我决定全仓买入,还挪了20万美金进来,本金总共是30万美金。5月27号,拼多多大跌7%,我在跌到60.98美金的时候全仓杀入,当天收盘的时候跌到了60.32美金,亏了差不多2万人民币,心里还是有些肉疼的。但是很幸运的,两天后,就大涨了10%,我的持仓盈利了差不多20万人民币。然后基本上一路上涨,直到7月1日,黄峥突然宣布卸任CEO,我当时就慌了。我到处找各种分析文章来看,最后还是相信了您的观点《黄峥抽身一小步 拼多多向前一大步》,继续持有,但是那几天每天晚上都睡不着觉,害怕暴跌,因为我当时已经赚了12万美金,盈利40%了。虽然宣布后股价没有暴跌,但是后面几天一直震荡,我终于在7月9号放手了,","text":"对了,拜托大家一件小事。我入围了2020老虎新锐人物,求求各位粉丝大大帮我投一票吧,记得选“走马看世界”前两天,我在公众号后台收到一个读者的来信,征得他本人同意,把内容整理后发布出来,希望对投资路上的朋友也有所启迪:走马老师您好。我现在非常痛苦。曾经,我在刚入美股一个月左右赚了100万,说起来还得谢谢您。那段时间是我这几年来最快乐的时光。但是最近半年,我不仅把赚来的100万全部亏掉,还倒贴进去100万本金,等于总共亏了200万。我是今年3月份开户入市的,那时候窝在家里,就想好好学学投资。一开始,我的本金只有10万美金,前面一个月也没敢下手,看了不少投资的书,也看了各种公司分析,还是没有头绪。后来陆续买了些阿里和拼多多的票,买的都很少,里里外外除掉手续费就赚点零花钱。后来,因为偶然的机会,我看到了您发的一篇文章《拼多多最快今年底超越阿里巴巴》,前面一段时间的操作,拼多多涨了十几个点,但是持仓太少,阿里持仓多些亏了几个点,总体基本没赚钱。后面又看了您的几篇拼多多的文章,我决定全仓买入,还挪了20万美金进来,本金总共是30万美金。5月27号,拼多多大跌7%,我在跌到60.98美金的时候全仓杀入,当天收盘的时候跌到了60.32美金,亏了差不多2万人民币,心里还是有些肉疼的。但是很幸运的,两天后,就大涨了10%,我的持仓盈利了差不多20万人民币。然后基本上一路上涨,直到7月1日,黄峥突然宣布卸任CEO,我当时就慌了。我到处找各种分析文章来看,最后还是相信了您的观点《黄峥抽身一小步 拼多多向前一大步》,继续持有,但是那几天每天晚上都睡不着觉,害怕暴跌,因为我当时已经赚了12万美金,盈利40%了。虽然宣布后股价没有暴跌,但是后面几天一直震荡,我终于在7月9号放手了,","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/330339435","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3159,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3555926517215344","authorId":"3555926517215344","name":"走马财经","avatar":"https://static.tigerbbs.com/405de4c75e3b97b2d778531943cbe586","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3555926517215344","idStr":"3555926517215344"},"content":"我入围了老虎年度新人,可以帮我投1票吗亲,在本文开头和末尾都有投票通道,我需要你的支持[流泪]","text":"我入围了老虎年度新人,可以帮我投1票吗亲,在本文开头和末尾都有投票通道,我需要你的支持[流泪]","html":"我入围了老虎年度新人,可以帮我投1票吗亲,在本文开头和末尾都有投票通道,我需要你的支持[流泪]"}],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}