Wealth
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George Soros Hands Over Financial Empire Signaling End of an Era for International Currency Speculation
On September 11, 2023, a special meeting on the national foreign exchange market self-regulatory mechanism was held. The foreign exchange market self-regulatory mechanism was established in 2016, and the entities involved are mainly foreign exchange and related market participants. Judging from the name, the conference has a strong market-oriented flavor, but considering the current special international financial situation, the content discussed at the conference is undoubtedly very important. The meeting discussed the recent foreign exchange market situation and RMB exchange rate issues. When it came to maintaining the basic stability of the RMB exchange rate, the meeting mentioned that we should take action when it is time to resolutely correct…
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Grow or Die: The Growth Mindset in the BANI Era
With the widespread dissemination of mobile Internet and the rapid ascent of AI, humanity has entered the BANI era. BANI originates from the initials of the four English words Brittle, Anxious, Non-linear, and Incomprehensible. BANI embodies a form of psychological fragility, restlessness, and perplexing fixation. It encapsulates chaotic psychological attributes. This is a bewildering and anxiety-inducing period. To thrive in such an epoch, one must possess a growth mindset. What constitutes a growth mindset? This notion derives from psychologist Carol Dweck’s seminal work, “Lifelong Growth.” Broadly speaking, individuals harbor two distinctive modes of thinking: a fixed mindset and a growth mindset. Individuals with a fixed mindset falter under the weight…
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8 Essential Qualities Investors Must Evaluate in Founders to Avoid Common Investment Traps
In 2019, when the author passed the defense of his doctoral thesis, the investment industry was at its peak and investors were extremely busy. After three years of the COVID-19 epidemic, the investment community seems to have hit a low point. Some people are lamenting the bad luck, while others have begun to reflect deeply: If there had been no epidemic, would equity investment not have experienced this decline? The COVID-19 pandemic has only accelerated the fall and made it worse. Over the past 30 years, China’s investment field has been developing at a rapid pace. Although there have been periodic ups and downs, the total investment volume has shown…
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Navigating the Shift: Adjusting Investment Strategies for the New Era of Low Odds
Any investment decision is a calculation of expected value. Expected value = odds means the certainty of making money from investment). If you invest in a Pre-IPO project, the winning rate is 30%, and the odds are 3 times, then the expected value is 0.9, which is lower than 1, then this project is not worth investing in; if you invest in an early stage project, the winning rate is 2%, and the odds are 60 times, the expected value is 1.2, then this project can be considered for investment. Based on the odds and winning rate, four quadrants are formed. Different investors have different choices about odds and winning…
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Apple iPhone 15 Pre-Orders Exceed Expectations, Stock Price Poised for Recovery?
Apple boasts a commendable dividend yield, rendering it a favorable long-term investment with no intention of divestment. Should booking volumes and delivery times exceed expectations, coupled with stable iPhone production, Apple’s stock price will undergo a period of rejuvenation. Undoubtedly, Apple stands as a fortress-like company. It wields substantial market price power, enabling it to maintain an impressive gross profit margin of 44.5%, even amid overall revenue decline. Over the past fortnight, Apple’s stock price has experienced a continuous decline. A significant factor contributing to this decline is market apprehension regarding the sustainability of impressive iPhone 15 sales. Furthermore, consumers perceive the technological advancements in Apple’s new products as inadequately…
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US Companies Face Challenges Ahead as Federal Reserve Keeps High Interest Rates
The market depicted the Federal Reserve’s interest rate decision in September as a “hawkish pause.” The rationale is straightforward. Although it once again halted interest rate hikes, the dot plot indicates that interest rates will be elevated by 25 basis points prior to the conclusion of 2023. The magnitude of interest rate reductions has been diminished anew, implying that elevated interest rates will persist for an extended duration. In response, the US dollar ascended. A day subsequent to the resolution, the US dollar index surged to the level of 105.60, once again attaining a fresh pinnacle since March 9 of this year, while the three principal US stock indices sequentially…
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Tencent Meeting’s AI Chatbot Could Revolutionize How Meetings Are Recorded and Information Is Captured
As Tencent Meeting amasses sufficient meeting minutes, it can metamorphose into an internal corporate chatbot, wherein users can pose inquiries, an innovation that we anticipate will revolutionize the manner in which meetings are documented and intelligence is garnered. Tencent Docs has swiftly garnered in excess of 200 million monthly active users, and Tencent Meeting presently boasts a user base of 400 million. We firmly believe that as additional functionalities and attributes are incorporated, Tencent will flourish into a more adhesive platform. In recent times, Tencent convened a global digital ecosystem conference. Following the comprehensive perusal of the entire conference, our confidence in Tencent’s prospects has swelled. During the conference, Tencent…
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Traders More Bullish on US Stocks as Fed Signals Rate Cuts in 2024
Surveys indicate that traders are increasingly optimistic about U.S. stocks. The survey revealed that 44% of respondents currently hold a bullish outlook, up from 32% in the second quarter. The U.S. stock market has experienced several consecutive declines thus far in August, yet the S&P 500 index has still managed to achieve a 14% increase this year. Despite the Federal Reserve’s continuous efforts to combat inflation by raising interest rates, stocks have rebounded, and the U.S. economy has displayed resilience in 2023. During a speech at the Jackson Hole Annual Meeting of Global Central Banks, Federal Reserve Chairman Powell stated that, in order to curb inflationary pressures and ensure the…
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Fed’s Hawkish Stance Extends Interest Rate Hike Cycle, Markets Brace for Further Tightening
Every maneuver executed by the Federal Reserve instigates apprehension within the global financial markets. During the recently concluded Jackson Hole central bank annual assembly, Fed Chairman Powell once again emitted a hawkish indication, stating, ‘We are poised to further augment interest rates under suitable circumstances and intend to uphold policy rates at a constrictive level until we possess unwavering assurance that inflation is aligning with our objectives.’ The objective persists in its descent.” “The 2-year U.S. bond interest rate, which exhibits greater sensitivity to policy adjustments, has ascended to 5.03%, reaching an unprecedented zenith since July 2007. U.S. stocks have also undergone a correction of approximately 5% since August. The…
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How to Think Like a Master Problem Solver with Model Thinking
Readers frequently inquire about the predicament of their diligent efforts yielding perpetually dissatisfactory outcomes. What ensues is a meticulous examination of the subject, revealing that at its core, success hinges upon two fundamental aspects: the art of game creation and game disruption. In other words, the ability to discern the snares laid by others and the finesse to contrive advantageous circumstances for oneself. The crux of both game creation and disruption lies in the realm of cognitive prowess. As expounded in earlier chapters, venerable modes of thinking such as structured thinking, systematic thinking, and profound ruminations serve to amplify one’s cognitive acuity. In addition to personal ruminations, it is imperative…
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Hollywood Strike: SAG-AFTRA and WGA Demand Higher Pay, Streaming Media Share, and AI Protections
A plethora of film and television studios in the United States are tranquil, and the Hollywood strike has persisted for over several weeks. On July 14, the Screen Actors Guild and United Radio and Television Artists (SAG-AFTRA), representing 160,000 actors, hosts, and other cohorts, commenced their first strike in 43 years to lend support to the Writers Guild of America (WGA), which had initiated their strike as early as May. WGA). This also marks the second occasion in 63 years that the two unions have united in protest on the streets of Hollywood. Thousands of actors and screenwriters brandished protest signs and congregated outside Universal Studios to voice their dissent.…
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The Growth Mindset That Separates Big Companies from Small: Business Standardization, Talent Specialization and Management Professionalization
We do consulting for enterprises, where is the biggest limitation? We do not have the experience of large companies. If we are not careful, what we teach companies is the way and thinking of small companies. Once this way of thinking and way is solidified by customers, they will never grow big. This question triggered my thinking: what is the thinking and way of big companies? Now, the Internet, self-media, and management circles are all talking about how small companies should be managed, what should be done for large companies, small companies should focus on mechanisms, and large companies should rely on management… There are many sentences like this, which…
