我的职业是小散的个人主页 - 老虎社区

我的职业是小散

我的职业是小散

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IP属地：安徽

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0勋章

我的职业是小散

08-16

靠想象

贾跃亭双手抱臂驾车，疑似FF 91测试自动驾驶

我的职业是小散

03-29

这篇文章不错，转发给大家看看

BRIEF-Tauron Prelim. Q4 Net Loss Seen At 585 Mln Zlotys

我的职业是小散

01-17

$腾讯控股(00700)$ 空

我的职业是小散

2023-10-31

价格便宜得多这句话说明股价不涨，美股继续涨，对比起来会更便宜

99岁的播客首秀，芒格：未来20年中国比任何经济体前景都好

我的职业是小散

2023-06-24

直接跌呗，咋办？

抱歉，原内容已删除

我的职业是小散

2023-06-07

$第一共和银行(FRCB)$ 啥时候发股息啊

我的职业是小散

2023-05-11

关了吧，别交易了，天天跌有什么好交易的。等美股往上突破了，你们再开盘吧。

抱歉，原内容已删除

我的职业是小散

2023-05-03

$第一共和银行(FRCB)$ 刚才看见了，买盘0.2

我的职业是小散

2023-05-01

$第一共和银行(FRC)$ 停牌怎么又有成交？

我的职业是小散

2022-04-07

这就是中国的民营企业现状

京东二当家徐雷上位史

我的职业是小散

2022-02-24

$恒生科技指数主连 2203(HTImain)$ 无时无刻不在创新低

我的职业是小散

2022-02-03

$A50指数主连 2202(CNmain)$ 中国足球特能输，中国股市特能跌

我的职业是小散

2021-09-20

$恒生指数主连 2109(HSImain)$ 恭喜恭喜，再创新低

我的职业是小散

2021-08-31

A50要跌到11000

@林林_5584:$A50指数主连 2109(CNmain)$ 国人啊，怎么就不被外人打击，天天做空，你自己就不会坚硬，持久吗？你是男儿吗？还是伪娘。

我的职业是小散

2021-07-12

$A50指数主连 2107(CNmain)$ 跳水

我的职业是小散

2021-07-09

$快手-W(01024)$做货做空一手可赚多少

我的职业是小散

2021-06-21

$道琼斯指数主连 2109(YMmain)$ 美爹长阳拔起

我的职业是小散

2021-03-18

$Upstart Holdings, Inc.(UPST)$拉爆空投

我的职业是小散

2021-03-01

$勒莫国航(GOL)$怎么一直跌

我的职业是小散

2021-02-25

$游戏驿站(GME)$不能做空

去老虎APP查看更多动态

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91测试自动驾驶\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-16 16:25 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/tech/shenji/2024-08-16/doc-inciuyth0847177.shtml><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>8月16日，法拉第未来盘前反弹逾15%，该股隔夜暴跌逾24%；贾跃亭自驾FF 91晒照，疑似已具备高阶辅助驾驶能力。上午消息，近日，贾跃亭发布微博并配图，表示：“FF 91 2.0自动驾驶 LA→Monterey，12个小时的路程，开启“不加电挑战”，出发！”根据照片中的信息，FF 91车型疑似已具备高阶辅助驾驶能力，在此前贾跃亭的微博中，他曾表示，“FF作为一个互联网公司，作为一个AI公司，最最...</p>\n\n<a href=\"https://finance.sina.com.cn/tech/shenji/2024-08-16/doc-inciuyth0847177.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/78ac86bdab506d9898920e00d5d818b2","relate_stocks":{"BK4099":"汽车制造商","BK4109":"特种化学制品","BK4138":"石油与天然气的炼制和营销","FFIE":"Faraday Future","BK4547":"WSB热门概念","BK4555":"新能源车"},"source_url":"https://finance.sina.com.cn/tech/shenji/2024-08-16/doc-inciuyth0847177.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2459320562","content_text":"8月16日，法拉第未来盘前反弹逾15%，该股隔夜暴跌逾24%；贾跃亭自驾FF 91晒照，疑似已具备高阶辅助驾驶能力。上午消息，近日，贾跃亭发布微博并配图，表示：“FF 91 2.0自动驾驶 LA→Monterey，12个小时的路程，开启“不加电挑战”，出发！”根据照片中的信息，FF 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world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1711643746,"share":"https://www.laohu8.com/m/news/2423811034?lang=&edition=full","pubTime":"2024-03-29 00:35","market":"fut","language":"en","title":"BRIEF-Tauron Prelim. Q4 Net Loss Seen At 585 Mln Zlotys","url":"https://stock-news.laohu8.com/highlight/detail?id=2423811034","media":"Reuters","summary":"March 28  - Tauron Polska Energia SA   :   * PRELIM Q4 NET LOSS AT 585 MILLION ZLOTYS   * PRELIM Q4 REVENUE AT 12.09 BILLION ZLOTYS   * PRELIM Q4 EBITDA AT 674 MILLION ZLOTYS   * PRELIM Q4 EBIT LOSS AT 431 MILLION ZLOTYS   * PRELIM Q4 CAPEX 1.48 BILLION ZLOTYSSource text for Eikon:    Further company coverage:    ","content":"<html><body><p>March 28 (Reuters) - Tauron Polska Energia SA   :</p><p>   * PRELIM Q4 NET LOSS AT 585 MILLION ZLOTYS</p><p>   * PRELIM Q4 REVENUE AT 12.09 BILLION ZLOTYS</p><p>   * PRELIM Q4 EBITDA AT 674 MILLION ZLOTYS</p><p>   * PRELIM Q4 EBIT LOSS AT 431 MILLION ZLOTYS</p><p>   * PRELIM Q4 CAPEX 1.48 BILLION ZLOTYS</p><p>Source text for Eikon:    Further company coverage:   </p><p> (Gdansk Newsroom)</p><p>((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))</p></body></html>","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>BRIEF-Tauron Prelim. Q4 Net Loss Seen At 585 Mln Zlotys</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nBRIEF-Tauron Prelim. Q4 Net Loss Seen At 585 Mln Zlotys\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-03-29 00:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>March 28 (Reuters) - Tauron Polska Energia SA   :</p><p>   * PRELIM Q4 NET LOSS AT 585 MILLION ZLOTYS</p><p>   * PRELIM Q4 REVENUE AT 12.09 BILLION ZLOTYS</p><p>   * PRELIM Q4 EBITDA AT 674 MILLION ZLOTYS</p><p>   * PRELIM Q4 EBIT LOSS AT 431 MILLION ZLOTYS</p><p>   * PRELIM Q4 CAPEX 1.48 BILLION ZLOTYS</p><p>Source text for Eikon:    Further company coverage:   </p><p> (Gdansk Newsroom)</p><p>((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UGAZ":"三倍做多天然气ETN(VelocityShares)","DGAZ":"三倍做空天然气ETN(VelocityShares)","UNG":"美国天然气基金"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2423811034","content_text":"March 28 (Reuters) - Tauron Polska Energia SA   :   * PRELIM Q4 NET LOSS AT 585 MILLION ZLOTYS   * PRELIM Q4 REVENUE AT 12.09 BILLION ZLOTYS   * PRELIM Q4 EBITDA AT 674 MILLION ZLOTYS   * PRELIM Q4 EBIT LOSS AT 431 MILLION ZLOTYS   * PRELIM Q4 CAPEX 1.48 BILLION ZLOTYSSource text for Eikon:    Further company coverage:    (Gdansk Newsroom)((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":263775024803952,"gmtCreate":1705433842866,"gmtModify":1705433843774,"author":{"id":"3493461900500654","authorId":"3493461900500654","name":"我的职业是小散","avatar":"https://static.tigerbbs.com/cb3e12d781c557af0868cb4282dff973","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493461900500654","authorIdStr":"3493461900500654"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$&nbsp;</a><v-v data-views=\"0\"></v-v>空","listText":"<a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$&nbsp;</a><v-v data-views=\"0\"></v-v>空","text":"$腾讯控股(00700)$ 空","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/263775024803952","isVote":1,"tweetType":1,"viewCount":1830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":236427027202056,"gmtCreate":1698745695847,"gmtModify":1698745697562,"author":{"id":"3493461900500654","authorId":"3493461900500654","name":"我的职业是小散","avatar":"https://static.tigerbbs.com/cb3e12d781c557af0868cb4282dff973","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493461900500654","authorIdStr":"3493461900500654"},"themes":[],"htmlText":"价格便宜得多这句话说明股价不涨，美股继续涨，对比起来会更便宜","listText":"价格便宜得多这句话说明股价不涨，美股继续涨，对比起来会更便宜","text":"价格便宜得多这句话说明股价不涨，美股继续涨，对比起来会更便宜","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/236427027202056","repostId":"1155804120","repostType":2,"repost":{"id":"1155804120","pubTimestamp":1698743381,"share":"https://www.laohu8.com/m/news/1155804120?lang=&edition=full","pubTime":"2023-10-31 17:09","market":"hk","language":"zh","title":"99岁的播客首秀，芒格：未来20年中国比任何经济体前景都好","url":"https://stock-news.laohu8.com/highlight/detail?id=1155804120","media":"零售威观察","summary":"查理·芒格如何看待中国、日本，如何感悟人生、投资。","content":"<html><head></head><body><p>99岁高龄，查理·芒格如何看待中国、日本，如何感悟人生、投资</p><p>文/王子威</p><p>2023年10月29日，<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔</a>哈撒韦副主席、99岁高龄的查理·芒格（Charlie Munger）首次登上播客（Podcast）的舞台，接受播客Acquired专访，谈论了他过去99年来的观点、经验和教训，也谈论了他对中国、日本的观点。</p><p>整个播客时长1小时06分钟，《零售威观察》就其中的核心内容进行总结，并补充部分背景信息，方便读者近距离接触芒格的智慧。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0386e9d6828d79c03ed569bf9f503c08\" title=\"\" tg-width=\"1000\" tg-height=\"500\"/></p><p><strong>1、散户其实是在股市里赌博！</strong></p><p>“他们对公司或任何事情都一无所知，散户只是对价格进行追涨杀跌而已。如果由我来掌管这个世界，我会对短线交易者征收重税，把这些投机者赶出市场。”</p><p><strong>2、为什么算法驱动的交易机构（比如文艺复兴，即Renaissance Technology）正在承担过多风险？</strong></p><p>“最简单的交易是提前了解你知道的，他们年复一年地为获得回报而提高杠杆，将杠杆变得越来越高。</p><p>最终，他们的交易量越来越大，但是利润却越来越微薄，这给了他们巨大的风险，我自己是绝不会这么做的。拥有巨大的杠杆，是他们获得这些巨大回报的唯一方式——如果你已经足够富有，这个杠杆会让你发疯。”</p><p><strong>3、当我和巴菲特意识到Diversified Retailing这家公司的竞争压力过大时，我们如何快速改变理念，并赚了一大笔钱？</strong></p><p>背景信息：1966年1月30日，巴菲特、芒格和戈特斯曼（Gottesman）成立了一家控股公司Diversified Retailing Company, Inc., 目标是“收购多元化业务，尤其是零售领域的业务”。</p><p>当时，巴菲特和芒格去了马里兰国民银行（Maryland National Bank），要求贷款进行收购。</p><p>贷款官瞪大眼睛惊呼道，“小小的霍奇西尔德-<a href=\"https://laohu8.com/S/CONN\">科恩</a>百货（Hochschild-Kohn’s）要600万美元?” 即使听到这个，巴菲特和芒格也没有质疑自己的判断，更没有尖叫着夺门而出。</p><p>对此，巴菲特是这样描述的，“我们认为，我们是以三流价格去购买二流百货店。”</p><p>“我们从Diversified Retailing中赚了很多钱，我们并没有从零售行业中赚钱。”</p><p>“整个故事非常简单，巴菲特和我买下了这家位于巴尔的摩的小型百货连锁店。这是个巨大的错误，因为竞争太激烈了！我们刚签完字后，就意识到我们犯了一个可怕的错误。所以我们决定扭转局面，承担看起来愚蠢的后果，而不是让它直接破产。在那些衰退的年代，我们就买买买，所有的钱都进入了这些股票，当然我们让它翻了两番。”</p><p><strong>4、早年的美好岁月给了我们一个良好的开端</strong></p><p>“是的，我们大约花了2,000万美元买下了一家小型储蓄和贷款公司。当我们离开那家公司时，我们从2,000万美元的‘小投资’中拿回了超过20亿美元的有价证券，这些证券成为内布拉斯加保险公司基础资本的一部分。这就是每个人都需要的、完美的开端。”</p><p><strong>5、我对Costco的青睐</strong></p><p>（1）他们的售价比美国任何地方都便宜；</p><p>（2）大型、高效的商店；</p><p>（3）巨大的停车位；</p><p>（4）以奖励积分的方式给予到店的人特殊福利；</p><p>（5）让供应商等待（付款）直至Costco拿到消费者支付的货款。</p><p>是什么让Costco如此成功？</p><p>“这需要非常好的执行力。你真的必须下定决心去做，然后每天、每周、每年都充满热情，这样做整整40年。这并不容易。你认为Costco的成功在于商业模式和文化的魔力吗? 是的，是文化加模式。绝对是这样，而且Costco可靠地、勤奋地把这一切做了40年。”</p><p>为什么Costco要花几十年时间才在中国开第一家店?</p><p>“他们试图在中国开第一家店时，有人索要3万美元的贿赂，Costco拒绝了，吉姆·西尼格尔（Jim Senegal，Costco前CEO）对此非常反感。此后30年里，他甚至不愿谈论这件事。”</p><p><strong>6、为投资者寻找优质投资提供建议</strong></p><p>“当你持有某支股票5年后，你可能会慢慢融入其中，或者对它地理解会更深刻。但是，当你意识到你有优势的时候，你就应该下重注。你知道你是对的，但是商学院可不会教这些。这可太不可思议了。你一定要在最好的投资上下重注！”</p><p><strong>7、为什么能和巴菲特成为伙伴？</strong></p><p>“我们都很相似，我们都想让家人安全，为投资者做好工作等等。我们有相似的态度。”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4f1967a2ca7d3cad0a4427c0d46a205\" title=\"\" tg-width=\"1000\" tg-height=\"667\"/></p><p>芒格还为长期伙伴关系提出一些建议：</p><p>“如果你喜欢彼此并喜欢共事，这会很有帮助。但我不使用任何一种公式。许多长期合作良好的伙伴关系之所以能够持续，是因为一个人擅长一件事，另一个人擅长另一件事。他们自然分工，每个人都喜欢他正在做的事情。”</p><p><strong>8、我认为，伯克希尔可以用更多的杠杆</strong></p><p>“巴菲特仍然更关心伯克希尔股东的安全，而不是其他任何事情。如果我们自始至终使用更多一点的杠杆，我们现在的杠杆就会是原来的三倍，而且风险也不会那么大。”</p><p><strong>9、我对风险投资（Venture Capital）的看法</strong></p><p>“对于VC来说，投好是非常困难的，我认为在风险投资中一次又一次地投好几乎是不可能的。”</p><p>“一些项目可能变得非常火爆，你必须快速决策，所有人都是只是在赌博。”</p><p>“VC做好了，这是一个非常合法的业务。如果你想给正确的人权利并培养他们，你就要帮助他们。你知道这场游戏的诀窍，所以你可以帮助他们做好生意，但又不会过多干扰他们。他们会讨厌你。总的来说，在接触过大量来自VC的人之后，企业中的人其实往往会很讨厌这群VC。</p><p>他们不觉得VC是他们的合作伙伴，不觉得这群VC是在帮助他们，相反，他们认为VC只关心自己，所以他们不喜欢这群VC。”</p><p><strong>10、风险投资如何能做的更好？</strong></p><p>“在伯克希尔哈撒韦，他们知道我们不会试图以最高的价格抛售他们。你看， 哪怕某个混蛋投资银行家为我们一些糟糕的业务提供20倍的市盈率，我们也不会卖掉他们。”</p><p>“只不过，如果是我们一直无法解决的问题业务，我们会卖掉他们。但如果是一家还算不错的生意，我们就不会卖掉。这让我们享有‘坚持做对我们有帮助的事情’的声誉。”</p><p>“你不会想通过欺骗投资者来赚钱，而这正是许多风险投资所做的。”</p><p><strong>11、为何巴菲特在日本的投资是不二之选？</strong></p><p>“如果你像巴菲特一样聪明，也许一个世纪有两三次，你就会得到这样的想法。日本的利率十年来每年才0.5%。而这些公司确实是根深蒂固的老牌企业，他们拥有所有这些廉价的铜矿和橡胶基地，所以你可以提前十年借到所有的钱，去购买股票，并且支付5%的股息。 ”</p><p>“不用投资、不用思考，就有大量的现金流，你多长时间才能找到这样一个机会？如果你能在一个世纪里获得一两次这样的机会，你就足够幸运了。我们可以做到这一点——因为伯克希尔的信用，但是其他人都做不到。”</p><p><strong>12、我喜欢拥有强大品牌的公司——他们有强大的定价权</strong></p><p>“好吧，我们很难不喜欢品牌，因为我们很幸运地以2000万美元的价格收购了Sea&#39;s Candy。作为我们的第一笔收购，我们很快发现我们可以每年将价格提高10%，而且没有人在乎。”</p><p>“我们并没有提高销量之类的东西，就提高了利润。因此，在这 40 年的时间里，我们每年将价格提高10%。这是一家非常令人满意的公司。我们没有获得任何新资本。这就是它的好处，新资本很少。”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b93dc30aa2e74008559978ccbb4eab18\" title=\"\" tg-width=\"1000\" tg-height=\"752\"/></p><p><strong>13、如果今天从零开始，重新打造伯克希尔哈撒韦，应该怎么做？</strong></p><p>三件事，智力、努力工作以及非常幸运。</p><p><strong>14、我对中国的看法</strong></p><p>“我对中国的观点是，中国经济在未来20年比几乎任何其他大型经济体都有更好的前景。这是其一。其二，中国的巨头公司比任何其他地方的巨头都更强大、更好，而且价格便宜得多。因此，我自然愿意在我的投资组合中承担一些来自中国企业的风险。”</p><p><strong>15、我为什么对<a href=\"https://laohu8.com/S/002594\">比亚迪</a>念念不忘？</strong></p><p>“这个家伙（指王传福）是个天才。他有工程学博士学位，当他看到别人的零件后，他可以制造出那个零件：早上看看，下午看看，他就可以做出来了。我从未见过这样的人。他可以做任何事情。他是一个天生的工程师，是一个能把一切都做出来的那种生产型管理者。”</p><p>“这是一个巨大的财富：在一个地方聚集这么多有才华的人是很有价值的。他们解决了电动汽车在电动机、加速、刹车等方面的所有问题。”</p><p>将王传福与马斯克进行比较：</p><p>“王传福是一个狂热分子，知道如何亲自动手制造东西，所以他更接近本源。换句话说，比亚迪的王传福比马斯克更擅长实际制造东西。”</p><p><strong>16、我对建立家庭的建议</strong></p><p>“你必须和每个人相处。你必须帮助他们渡过难关，他们也会帮助你。但我认为这没有看起来那么困难。我认为美国一半的婚姻运作得相当不错。”</p><p>“如果两人必须和别人结婚，情况也会一样。”</p><p>“你必须与配偶建立信任，特别是在教育孩子等方面。”</p></body></html>","source":"lsy1568197834938","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>99岁的播客首秀，芒格：未来20年中国比任何经济体前景都好</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\">\n99岁的播客首秀，芒格：未来20年中国比任何经济体前景都好\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-31 17:09 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/s1DrbMxRW2_OUPtqBYG1sA><strong>零售威观察</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>99岁高龄，查理·芒格如何看待中国、日本，如何感悟人生、投资文/王子威2023年10月29日，伯克希尔哈撒韦副主席、99岁高龄的查理·芒格（Charlie Munger）首次登上播客（Podcast）的舞台，接受播客Acquired专访，谈论了他过去99年来的观点、经验和教训，也谈论了他对中国、日本的观点。整个播客时长1小时06分钟，《零售威观察》就其中的核心内容进行总结，并补充部分背景信息，方便...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/s1DrbMxRW2_OUPtqBYG1sA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7d30d3e4a8c584dc0c7143999338c880","relate_stocks":{"KWEB":"中国海外互联网ETF-KraneShares"},"source_url":"https://mp.weixin.qq.com/s/s1DrbMxRW2_OUPtqBYG1sA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155804120","content_text":"99岁高龄，查理·芒格如何看待中国、日本，如何感悟人生、投资文/王子威2023年10月29日，伯克希尔哈撒韦副主席、99岁高龄的查理·芒格（Charlie Munger）首次登上播客（Podcast）的舞台，接受播客Acquired专访，谈论了他过去99年来的观点、经验和教训，也谈论了他对中国、日本的观点。整个播客时长1小时06分钟，《零售威观察》就其中的核心内容进行总结，并补充部分背景信息，方便读者近距离接触芒格的智慧。1、散户其实是在股市里赌博！“他们对公司或任何事情都一无所知，散户只是对价格进行追涨杀跌而已。如果由我来掌管这个世界，我会对短线交易者征收重税，把这些投机者赶出市场。”2、为什么算法驱动的交易机构（比如文艺复兴，即Renaissance Technology）正在承担过多风险？“最简单的交易是提前了解你知道的，他们年复一年地为获得回报而提高杠杆，将杠杆变得越来越高。最终，他们的交易量越来越大，但是利润却越来越微薄，这给了他们巨大的风险，我自己是绝不会这么做的。拥有巨大的杠杆，是他们获得这些巨大回报的唯一方式——如果你已经足够富有，这个杠杆会让你发疯。”3、当我和巴菲特意识到Diversified Retailing这家公司的竞争压力过大时，我们如何快速改变理念，并赚了一大笔钱？背景信息：1966年1月30日，巴菲特、芒格和戈特斯曼（Gottesman）成立了一家控股公司Diversified Retailing Company, Inc., 目标是“收购多元化业务，尤其是零售领域的业务”。当时，巴菲特和芒格去了马里兰国民银行（Maryland National Bank），要求贷款进行收购。贷款官瞪大眼睛惊呼道，“小小的霍奇西尔德-科恩百货（Hochschild-Kohn’s）要600万美元?” 即使听到这个，巴菲特和芒格也没有质疑自己的判断，更没有尖叫着夺门而出。对此，巴菲特是这样描述的，“我们认为，我们是以三流价格去购买二流百货店。”“我们从Diversified Retailing中赚了很多钱，我们并没有从零售行业中赚钱。”“整个故事非常简单，巴菲特和我买下了这家位于巴尔的摩的小型百货连锁店。这是个巨大的错误，因为竞争太激烈了！我们刚签完字后，就意识到我们犯了一个可怕的错误。所以我们决定扭转局面，承担看起来愚蠢的后果，而不是让它直接破产。在那些衰退的年代，我们就买买买，所有的钱都进入了这些股票，当然我们让它翻了两番。”4、早年的美好岁月给了我们一个良好的开端“是的，我们大约花了2,000万美元买下了一家小型储蓄和贷款公司。当我们离开那家公司时，我们从2,000万美元的‘小投资’中拿回了超过20亿美元的有价证券，这些证券成为内布拉斯加保险公司基础资本的一部分。这就是每个人都需要的、完美的开端。”5、我对Costco的青睐（1）他们的售价比美国任何地方都便宜；（2）大型、高效的商店；（3）巨大的停车位；（4）以奖励积分的方式给予到店的人特殊福利；（5）让供应商等待（付款）直至Costco拿到消费者支付的货款。是什么让Costco如此成功？“这需要非常好的执行力。你真的必须下定决心去做，然后每天、每周、每年都充满热情，这样做整整40年。这并不容易。你认为Costco的成功在于商业模式和文化的魔力吗? 是的，是文化加模式。绝对是这样，而且Costco可靠地、勤奋地把这一切做了40年。”为什么Costco要花几十年时间才在中国开第一家店?“他们试图在中国开第一家店时，有人索要3万美元的贿赂，Costco拒绝了，吉姆·西尼格尔（Jim Senegal，Costco前CEO）对此非常反感。此后30年里，他甚至不愿谈论这件事。”6、为投资者寻找优质投资提供建议“当你持有某支股票5年后，你可能会慢慢融入其中，或者对它地理解会更深刻。但是，当你意识到你有优势的时候，你就应该下重注。你知道你是对的，但是商学院可不会教这些。这可太不可思议了。你一定要在最好的投资上下重注！”7、为什么能和巴菲特成为伙伴？“我们都很相似，我们都想让家人安全，为投资者做好工作等等。我们有相似的态度。”芒格还为长期伙伴关系提出一些建议：“如果你喜欢彼此并喜欢共事，这会很有帮助。但我不使用任何一种公式。许多长期合作良好的伙伴关系之所以能够持续，是因为一个人擅长一件事，另一个人擅长另一件事。他们自然分工，每个人都喜欢他正在做的事情。”8、我认为，伯克希尔可以用更多的杠杆“巴菲特仍然更关心伯克希尔股东的安全，而不是其他任何事情。如果我们自始至终使用更多一点的杠杆，我们现在的杠杆就会是原来的三倍，而且风险也不会那么大。”9、我对风险投资（Venture Capital）的看法“对于VC来说，投好是非常困难的，我认为在风险投资中一次又一次地投好几乎是不可能的。”“一些项目可能变得非常火爆，你必须快速决策，所有人都是只是在赌博。”“VC做好了，这是一个非常合法的业务。如果你想给正确的人权利并培养他们，你就要帮助他们。你知道这场游戏的诀窍，所以你可以帮助他们做好生意，但又不会过多干扰他们。他们会讨厌你。总的来说，在接触过大量来自VC的人之后，企业中的人其实往往会很讨厌这群VC。他们不觉得VC是他们的合作伙伴，不觉得这群VC是在帮助他们，相反，他们认为VC只关心自己，所以他们不喜欢这群VC。”10、风险投资如何能做的更好？“在伯克希尔哈撒韦，他们知道我们不会试图以最高的价格抛售他们。你看， 哪怕某个混蛋投资银行家为我们一些糟糕的业务提供20倍的市盈率，我们也不会卖掉他们。”“只不过，如果是我们一直无法解决的问题业务，我们会卖掉他们。但如果是一家还算不错的生意，我们就不会卖掉。这让我们享有‘坚持做对我们有帮助的事情’的声誉。”“你不会想通过欺骗投资者来赚钱，而这正是许多风险投资所做的。”11、为何巴菲特在日本的投资是不二之选？“如果你像巴菲特一样聪明，也许一个世纪有两三次，你就会得到这样的想法。日本的利率十年来每年才0.5%。而这些公司确实是根深蒂固的老牌企业，他们拥有所有这些廉价的铜矿和橡胶基地，所以你可以提前十年借到所有的钱，去购买股票，并且支付5%的股息。 ”“不用投资、不用思考，就有大量的现金流，你多长时间才能找到这样一个机会？如果你能在一个世纪里获得一两次这样的机会，你就足够幸运了。我们可以做到这一点——因为伯克希尔的信用，但是其他人都做不到。”12、我喜欢拥有强大品牌的公司——他们有强大的定价权“好吧，我们很难不喜欢品牌，因为我们很幸运地以2000万美元的价格收购了Sea's Candy。作为我们的第一笔收购，我们很快发现我们可以每年将价格提高10%，而且没有人在乎。”“我们并没有提高销量之类的东西，就提高了利润。因此，在这 40 年的时间里，我们每年将价格提高10%。这是一家非常令人满意的公司。我们没有获得任何新资本。这就是它的好处，新资本很少。”13、如果今天从零开始，重新打造伯克希尔哈撒韦，应该怎么做？三件事，智力、努力工作以及非常幸运。14、我对中国的看法“我对中国的观点是，中国经济在未来20年比几乎任何其他大型经济体都有更好的前景。这是其一。其二，中国的巨头公司比任何其他地方的巨头都更强大、更好，而且价格便宜得多。因此，我自然愿意在我的投资组合中承担一些来自中国企业的风险。”15、我为什么对比亚迪念念不忘？“这个家伙（指王传福）是个天才。他有工程学博士学位，当他看到别人的零件后，他可以制造出那个零件：早上看看，下午看看，他就可以做出来了。我从未见过这样的人。他可以做任何事情。他是一个天生的工程师，是一个能把一切都做出来的那种生产型管理者。”“这是一个巨大的财富：在一个地方聚集这么多有才华的人是很有价值的。他们解决了电动汽车在电动机、加速、刹车等方面的所有问题。”将王传福与马斯克进行比较：“王传福是一个狂热分子，知道如何亲自动手制造东西，所以他更接近本源。换句话说，比亚迪的王传福比马斯克更擅长实际制造东西。”16、我对建立家庭的建议“你必须和每个人相处。你必须帮助他们渡过难关，他们也会帮助你。但我认为这没有看起来那么困难。我认为美国一半的婚姻运作得相当不错。”“如果两人必须和别人结婚，情况也会一样。”“你必须与配偶建立信任，特别是在教育孩子等方面。”","news_type":1},"isVote":1,"tweetType":1,"viewCount":673,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":763085288964560,"gmtCreate":1687578366758,"gmtModify":1687578368067,"author":{"id":"3493461900500654","authorId":"3493461900500654","name":"我的职业是小散","avatar":"https://static.tigerbbs.com/cb3e12d781c557af0868cb4282dff973","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493461900500654","authorIdStr":"3493461900500654"},"themes":[],"htmlText":"直接跌呗，咋办？","listText":"直接跌呗，咋办？","text":"直接跌呗，咋办？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/763085288964560","repostId":"2345293467","repostType":2,"isVote":1,"tweetType":1,"viewCount":1162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184774624461000,"gmtCreate":1686150216497,"gmtModify":1686150217608,"author":{"id":"3493461900500654","authorId":"3493461900500654","name":"我的职业是小散","avatar":"https://static.tigerbbs.com/cb3e12d781c557af0868cb4282dff973","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493461900500654","authorIdStr":"3493461900500654"},"themes":[],"htmlText":"<a 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12:04","market":"us","language":"zh","title":"京东二当家徐雷上位史","url":"https://stock-news.laohu8.com/highlight/detail?id=2225593713","media":"零态LT","summary":"刘强东时代落幕","content":"<html><head></head><body><blockquote><b>摘要：马云、马化腾、刘强东、黄峥等曾占据各大财经媒体版面的人物，现已鲜少公开露面和发声；取而代之的是，张勇、徐雷、陈磊这些大众相对陌生的名字。“二当家”从幕后走向台前、开辟全新时代，并不只存在于小说，互联网江湖亦是如此。</b></blockquote><p>4月7日，<a href=\"https://laohu8.com/S/JD\">京东</a>集团宣布，京东集团总裁徐雷出任京东集团CEO，将负责日常运营管理，向京东集团董事局主席刘强东汇报；刘强东将把更多精力投入到长期战略设计、重大战略决策部署、年轻领军人才培养和乡村振兴事业中。</p><p><img src=\"https://static.tigerbbs.com/df11db4b7b86022ad9df550f9f800f0a\" tg-width=\"1080\" tg-height=\"1490\" referrerpolicy=\"no-referrer\"/></p><p>▲图：京东公告</p><p>江湖门派、权利更迭，“二当家”从幕后走向台前、开辟全新时代，并不只存在于小说，互联网江湖亦是如此。从老牌互联网巨头BATJ（<a href=\"https://laohu8.com/S/BIDU\">百度</a>、阿里、腾讯、京东），到拼劲十足的互联网新贵TMDP（字节跳动、美团、<a href=\"https://laohu8.com/S/DIDI\">滴滴</a>、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>）都发生了一个明显变化：<b>创始人逐渐退居幕后，“二当家”走上“一号位”。</b></p><p>马云、马化腾、刘强东、黄峥等曾占据各大财经媒体版面的人物，已经鲜少公开露面和发声；取而代之的是，张勇、徐雷、陈磊这些大众相对陌生的名字。值得注意的是，在“掌门人”进行变革的同时，头部企业也在进行着大大小小的组织调整，试图通过组织变动寻求权力制衡的趋势越来越明显。</p><p>这场“一号位”更迭浪潮下，互联网江湖的一场洗牌正在暗自行进。</p><p><b>01</b></p><p><b>京东开启徐雷时代</b></p><p>“我相信65岁之前应该不会（退休）。”</p><p>在2018年初举行的达沃斯论坛上，彼时44岁的京东创始人刘强东在谈及自己的退休计划时，言语间充满豪情壮志，丝毫没有“退居幕后”的迹象。他当时应该没有预料到，半年后的“明州事件”会成为其人生重大转折，即便正值壮年，也不得不暂时隐退，躲避风头。</p><p>对于京东的大小事务，刘强东此前一直亲力亲为，外界普遍认为京东没有“二号位”。</p><p>但在2018年京东年中战略会上，徐雷被任命为京东集团CMO兼任首任京东商城轮值CEO，向刘强东汇报。这似乎意味着京东终于有了“二当家”，而那个人就是徐雷。</p><p>徐雷刚刚上任没多久，就面临着京东的“至暗时刻”考验——明州事件让刘强东名誉扫地，京东股价大幅震荡，一度创下2017年以来新低。之后，京东在对外宣传中渐渐抹去“轮值”一词，直至京东商城升级，徐雷正式成为京东零售集团CEO，带领京东开启了绝地求生之旅。</p><p>徐雷的成绩有目共睹，过去三年，其领导的零售业务连续实现高质量增长：2019年三季度，零售业务经营利润率增长至3.3%，创上市以来最高纪录；2021年中期财报显示，京东零售经营利润将近60亿元。京东股价也从2018年的低点反弹，累计涨幅超过300%。<img src=\"https://static.tigerbbs.com/87a7e44a57e193f786daf4fc9ff92f47\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>如果这还不足以展现徐雷的能力，那翻看他的“业绩簿”还有一个响当当的名字——京东618。可以说，京东618是在徐雷的促成下，才做到了今天的地步。</p><p>众所周知，618的前身是京东司庆“红六月”，但在徐雷看来，“一定要让消费者记住一个符号。”<b>于是，这才有了后来的618<a href=\"https://laohu8.com/S/QC7.SI\">全民</a>狂欢节，也为京东增加了记忆标签。</b></p><p>即便并非创始团队成员，徐雷在京东也有十余年时间，担任过京东商城市场营销部负责人、无线业务部负责人、京东商城营销平台体系负责人、京东商城副总裁、京东商城轮值CEO、京东零售集团CEO等多个重要职务。</p><p>或许外界对徐雷并不熟悉，但其对京东的影响不容小觑。</p><p><img src=\"https://static.tigerbbs.com/91762c0ab97b03eb87e53f75f12f66ee\" tg-width=\"1080\" tg-height=\"607\" referrerpolicy=\"no-referrer\"/></p><p><b>用京东的评价就是：徐雷帮助公司搭建了大市场营销体系、移动端产品研发体系和围绕用户全生命周期管理的平台运营体系，培养出了多支敢打硬仗、迎难而上的优秀团队，并为京东品牌的建设和塑造、向移动端转型的战略做出了突出贡献。</b></p><p><a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>现任董事局主席、首席执行官张勇，与徐雷有着相似经历。</p><p>这位小个子、有着深酒窝、举止儒雅的上海男人，虽然也非阿里巴巴创始团队成员，但却见证了阿里巴巴从PC互联网时代到移动互联网时代的变迁，并留下了浓墨重彩的一笔。</p><p>2007年加入阿里巴巴时，张勇还是淘宝网首席财务官，参与设计了淘宝的商业模式；之后，他一路高歌猛进，兼管淘宝商城、创建天猫、打造双11购物节，帮助阿里巴巴实现从B2B到B2C的转型。</p><p>中间每一步都充满艰难险阻，仅将阿里巴巴从PC端迁徙到移动端这一个“小关卡”，用阿里人自己的说法，仿佛“在高速公路上将汽车引擎换成<a href=\"https://laohu8.com/S/BA\">波音</a>747飞机引擎”，难度完全超乎想象，但张勇却总能顺利通关，这也为其后来接棒马云打下了坚实基础。</p><p>2015年，张勇接替陆兆禧，正式成为阿里巴巴集团CEO，做起了阿里的“二当家”。</p><p>打江山易，守江山难。张勇走到台前的这几年，阿里巴巴可谓内外交困：一方面流量红利逐渐消失，公司急需找到新的增长曲线；另一方面，外部新兴企业来势汹汹，在电商、本地生活等多个战场威胁着阿里巴巴的地位；再加上内部员工的作风问题频被质疑，压在张勇身上的胆子只重不轻，频频需要他亲自出面稳定大局。</p><p><img src=\"https://static.tigerbbs.com/b96254204543bdaff416744ac331d38f\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\"/></p><p>给70后张勇制造压力的其中一人，就有拼多多联合创始人、现任董事长兼CEO陈磊。</p><p>这位与拼多多创始人黄峥并肩作战13年的战友，此前一直负责技术工作，为黄峥的想法提供切实的技术支持和后期落地，鲜少走到台前。2020年，他从黄峥手中接过CEO权棒，一年后又出任董事长，顺利完成了从“二当家”向“一号位”的角色转换，也开始频频出现在大众视野。</p><p>据悉，上任后的陈磊将拼多多的战略目标聚焦在农业领域，本人也长期在各大农产区调研，扎扎实实打牢农业基本盘。</p><p>另一边，近两年飞速发展的字节跳动也完成了“一号位”更迭。接替张一鸣出任字节跳动CEO的人是，其大学舍友、相识17年的合作伙伴——梁汝波。从有限的公开信息中可以知道，梁汝波自2009年起就与张一鸣一起创业，主要从事技术工作，负责字节跳动早期多个重要产品和业务，包括今日头条、头条号、广告系统和用户增长系统等。不得不承认，这位低调的“接班人”也有两把刷子。</p><p>不同于徐雷和张勇职业经理人出身，在打完天下后一步步走到权力中心，陈磊和梁汝波是与创始人共同开天辟地的一群人，只是从幕后走到了台前。需要承认的是，无论哪个类型的互联网“新掌门”，都在上位前立下了汗马功劳。</p><p><b>即便此前鲜少站到聚光灯下，一旦提起属于他们的成绩几乎无人不知无人不晓，足以令人信服。</b></p><p><b>02</b></p><p><b>互联网不迷恋“人治”</b></p><p>一个很明显的特征是，这届互联网“新掌门”不似“前浪”一般，时常指点江山、发表激扬文字，低调成为了他们共同的行事作风。</p><p>曾经崇拜的个人主义之风早已随着时代变迁，烟消云散；互联网大厂的组织制度建设，在新的历史阶段发挥着越来越重要的作用。</p><p>在中国互联网江湖，阿里和腾讯是绕不过去的两座大山。阿里已经完成了“一号位”交接，腾讯却没有任何动静。不仅如此，腾讯创始人马化腾近几年来更显低调神秘，无论是外部高端公开会议，还是内部公司年会，大多处于缺席状态，就连媒体也很少能捕捉到他的行踪。</p><p>即便没有加入这场“掌门人”变革风潮，2018年腾讯却在组织架构上做出了巨大调整，外界称作“930变革”——将原有七大事业群（BG）重组整合，新成立云与智慧产业事业群（CSIG）、平台与内容事业群（PCG）。马化腾说，这次的调整是一次面对未来的进化，是腾讯迈向下一个 20 年的主动革新与升级迭代。除此之外，腾讯还首次对外宣布成立技术委员会。</p><p><img src=\"https://static.tigerbbs.com/1f1e5f51b60dd9083ec7a3b8a3be12df\" tg-width=\"1080\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/></p><p>▲图：变革后的六大事业群</p><p>这次变革除了在连接人、连接数字内容、连接服务的基础上，彰显了腾讯推动由消费互联网向产业互联网升级的决心，也让那个严重依赖“人治”的腾讯，内部协同效应有了极大提升。</p><p>据腾讯首席运营官任宇昕回忆，早前他接手MIG（移动互联网事业群）和OMG（网络媒体事业群）时都属于被动式。这两个事业群，或多或少存在“负责人离职或换岗、业务也面临大挑战”，但更多的问题出在内部：原有的“各业务线独立发展的机制”难以形成合力，没人站在内容的全局去思考更大战略。</p><p>全新的组织架构下，腾讯从需求和服务出发，将散落在不同BU的业务聚集到一起，打破了过去各个BU独立发展、相互割裂的局面，形成各个产品间的协同合作。竞争对手面临的压力也在增加，从过去只需要与一个产品PK，到如今面对的可能是两个甚至多个腾讯产品一起角逐，稍有不慎就会败下阵来。</p><p>值得一提的是，在各个事业群之外，腾讯还成立了技术委员会，由腾讯高级执行副总裁、技术工程事业群总裁卢山和腾讯高级执行副总裁、云与智慧产业事业群总裁汤道生两名腾讯总办成员牵头，几大事业群的技术负责人悉数进入技术委员会的决策圈。</p><p>从这个架构不难看出，技术委员会突破了事业群限制，也摒弃了“一人专权”的情况，能够帮助腾讯在推动业务全面上云整合的过程中，更好实现“拆墙”与“融合”。</p><p>即便在事业群内部，也不是由单一个人拍板决策。调整后的平台与内容事业群（PCG），算得上夯实腾讯业务最多、规模最大的部门，涵盖了新闻、长短视频、影业、动漫、信息流等多个业务。</p><p><img src=\"https://static.tigerbbs.com/e3f38ca2b77f92feeb427ffe06908c5d\" tg-width=\"652\" tg-height=\"497\" referrerpolicy=\"no-referrer\"/></p><p>▲图：腾讯“930变革”后架构图</p><p>作为PCG总裁，任宇昕在团队治理方面并没有过分凸显个人权力，而是与PCG八位副总裁（<a href=\"https://laohu8.com/S/VP..UK\">VP</a>）建立了高管合伙人制度，以集体的形式为事业群成败负责。“实行合伙人制度后，会议上大家讨论得很厉害，这还是过去很长时间没有的。大家虽然吵，但是共同面对挑战、共同制定目标的氛围已经形成。”任宇昕说。</p><p><b>有了腾讯在前面“打样儿”，其它腾讯系企业也纷纷开始效仿，通过搭建新的组织架构来取代“人治”，实现对公司的有效管理。</b></p><p>在徐雷接棒刘强东，成为京东集团董事长的同时，京东也形成了成熟的决策机制。不再是创始人独裁专制，而是由各业务板块、职能体系负责人组成的战略执行委员会（SEC）和集团几十位一线业务部门负责人组成的战略决策委员会（SDC），对公司日常大小事务管理决策。</p><p><b>按照京东的说法，经过两年多的磨合和运转，公司已经形成了良好的集体决策和快速响应机制。</b></p><p>种种迹象表明，随着各大巨头发展进入成熟期，互联网不再迷恋“人治”，不再过分崇拜领导人，而是选择拥抱制度、下放权力，通过盘活员工内生力来推动企业发展。</p><p><b>03</b></p><p><b>下半场的较量</b></p><p>随着“掌门人”更迭、新的管理制度出台 ，互联网江湖格局也发生了不小的变化。</p><p>中国信通院发布的《2021年一季度我国互联网上市企业运行情况》研究报告显示，2021年一季度，我国11家企业上榜全球互联网企业市值Top 30；市值Top 10的互联网企业占全行业比达80.3%，十家企业市值总和为150580.3亿元；<a href=\"https://laohu8.com/S/00700\">腾讯控股</a>与阿里巴巴分别以49467亿元和40328.3亿元市值排名第一、二位，第三到第十位的企业依次是美团、拼多多、快手、京东、百度、贝壳(KE)、网易、京东健康。</p><p><img src=\"https://static.tigerbbs.com/f44fa03d709821beb63ff408a8aaaa35\" tg-width=\"620\" tg-height=\"420\" referrerpolicy=\"no-referrer\"/></p><p>▲中国市值Top 10后互联网企业（图：中国信通院）</p><p>而据多位业内人士称，对私募股权投资者来说，截至今年4月，字节跳动的估值接近4000亿美元（约合25728.40亿元）。</p><p>从这个排名可以看出，曾经的互联网第一梯队（BATJ）已经重新洗牌，百度、京东在这些年的竞争中与阿里、腾讯彻底拉开了距离，互联网新贵字节跳动、美团、拼多多来势汹汹，对老牌巨头形成了不小的冲击。</p><p>电商领域，拼多多的出现，不仅打破了二元对立格局，更是挑战着阿里的龙头位置；本地生活服务赛道，美团已经完全超过饿了么，具有绝对优势；短视频和直播风口的兴起，“后来者”字节跳动在电商和本地生活领域也展现出了极大潜力。</p><p>互联网下半场的较量中，大厂“一号位”正在变得不再性感，张勇、梁汝波、陈磊、徐雷等60、70、80年代的“掌门人”同场竞技，一场跨越年龄阶层的比拼正在上演。秀的不再是他们的口技和公关能力，而是战略眼光、对业务的布局，以及对公司组织和文化的思考。</p><p><b>他们高喊“科技助农”“共同富裕”，阿里计划2025年前累计投入1000亿元，腾讯首期投入500亿元，拼多多设立100亿元农业助农专项。乡村振兴背后，<a href=\"https://laohu8.com/S/000061\">农产品</a>现代流通体系打造、农村消费升级，都是行业未来争抢的“新高地”。新掌门面临的考验只增不减。</b></p><p>有人将这场互联网改革比作“砸核桃”，改革者需要不断让各个层面的参与者尝到甜头，才能实现改革的目的；“核桃仁”就是那胜利的果实，但要想砸开坚硬的外壳而不影响果实的完整性，谈何容易。值得庆幸的是，多个二当家顺利上位，这不只是观念的进步，而是组织体系架构和时代的进步。</p><p><b>一个时代已经落幕，新的时代正在开启。</b></p></body></html>","source":"lsy1617703875854","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" 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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京东二当家徐雷上位史\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-07 12:04 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8F12E0OO8nE><strong>零态LT</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>摘要：马云、马化腾、刘强东、黄峥等曾占据各大财经媒体版面的人物，现已鲜少公开露面和发声；取而代之的是，张勇、徐雷、陈磊这些大众相对陌生的名字。“二当家”从幕后走向台前、开辟全新时代，并不只存在于小说，互联网江湖亦是如此。4月7日，京东集团宣布，京东集团总裁徐雷出任京东集团CEO，将负责日常运营管理，向京东集团董事局主席刘强东汇报；刘强东将把更多精力投入到长期战略设计、重大战略决策部署、年轻领军...</p>\n\n<a href=\"https://tech.ifeng.com/c/8F12E0OO8nE\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/91762c0ab97b03eb87e53f75f12f66ee","relate_stocks":{"BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK1591":"就地过年概念","BK1142":"互联网与直销零售","BK1502":"双十一","JD":"京东","BK1575":"同股不同权","BK4531":"中概回港概念","BK4509":"腾讯概念","BK4558":"双十一","09618":"京东集团-SW","BK1588":"回港中概股","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","BK4579":"人工智能","BK4526":"热门中概股","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓"},"source_url":"https://tech.ifeng.com/c/8F12E0OO8nE","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2225593713","content_text":"摘要：马云、马化腾、刘强东、黄峥等曾占据各大财经媒体版面的人物，现已鲜少公开露面和发声；取而代之的是，张勇、徐雷、陈磊这些大众相对陌生的名字。“二当家”从幕后走向台前、开辟全新时代，并不只存在于小说，互联网江湖亦是如此。4月7日，京东集团宣布，京东集团总裁徐雷出任京东集团CEO，将负责日常运营管理，向京东集团董事局主席刘强东汇报；刘强东将把更多精力投入到长期战略设计、重大战略决策部署、年轻领军人才培养和乡村振兴事业中。▲图：京东公告江湖门派、权利更迭，“二当家”从幕后走向台前、开辟全新时代，并不只存在于小说，互联网江湖亦是如此。从老牌互联网巨头BATJ（百度、阿里、腾讯、京东），到拼劲十足的互联网新贵TMDP（字节跳动、美团、滴滴、拼多多）都发生了一个明显变化：创始人逐渐退居幕后，“二当家”走上“一号位”。马云、马化腾、刘强东、黄峥等曾占据各大财经媒体版面的人物，已经鲜少公开露面和发声；取而代之的是，张勇、徐雷、陈磊这些大众相对陌生的名字。值得注意的是，在“掌门人”进行变革的同时，头部企业也在进行着大大小小的组织调整，试图通过组织变动寻求权力制衡的趋势越来越明显。这场“一号位”更迭浪潮下，互联网江湖的一场洗牌正在暗自行进。01京东开启徐雷时代“我相信65岁之前应该不会（退休）。”在2018年初举行的达沃斯论坛上，彼时44岁的京东创始人刘强东在谈及自己的退休计划时，言语间充满豪情壮志，丝毫没有“退居幕后”的迹象。他当时应该没有预料到，半年后的“明州事件”会成为其人生重大转折，即便正值壮年，也不得不暂时隐退，躲避风头。对于京东的大小事务，刘强东此前一直亲力亲为，外界普遍认为京东没有“二号位”。但在2018年京东年中战略会上，徐雷被任命为京东集团CMO兼任首任京东商城轮值CEO，向刘强东汇报。这似乎意味着京东终于有了“二当家”，而那个人就是徐雷。徐雷刚刚上任没多久，就面临着京东的“至暗时刻”考验——明州事件让刘强东名誉扫地，京东股价大幅震荡，一度创下2017年以来新低。之后，京东在对外宣传中渐渐抹去“轮值”一词，直至京东商城升级，徐雷正式成为京东零售集团CEO，带领京东开启了绝地求生之旅。徐雷的成绩有目共睹，过去三年，其领导的零售业务连续实现高质量增长：2019年三季度，零售业务经营利润率增长至3.3%，创上市以来最高纪录；2021年中期财报显示，京东零售经营利润将近60亿元。京东股价也从2018年的低点反弹，累计涨幅超过300%。如果这还不足以展现徐雷的能力，那翻看他的“业绩簿”还有一个响当当的名字——京东618。可以说，京东618是在徐雷的促成下，才做到了今天的地步。众所周知，618的前身是京东司庆“红六月”，但在徐雷看来，“一定要让消费者记住一个符号。”于是，这才有了后来的618全民狂欢节，也为京东增加了记忆标签。即便并非创始团队成员，徐雷在京东也有十余年时间，担任过京东商城市场营销部负责人、无线业务部负责人、京东商城营销平台体系负责人、京东商城副总裁、京东商城轮值CEO、京东零售集团CEO等多个重要职务。或许外界对徐雷并不熟悉，但其对京东的影响不容小觑。用京东的评价就是：徐雷帮助公司搭建了大市场营销体系、移动端产品研发体系和围绕用户全生命周期管理的平台运营体系，培养出了多支敢打硬仗、迎难而上的优秀团队，并为京东品牌的建设和塑造、向移动端转型的战略做出了突出贡献。阿里巴巴现任董事局主席、首席执行官张勇，与徐雷有着相似经历。这位小个子、有着深酒窝、举止儒雅的上海男人，虽然也非阿里巴巴创始团队成员，但却见证了阿里巴巴从PC互联网时代到移动互联网时代的变迁，并留下了浓墨重彩的一笔。2007年加入阿里巴巴时，张勇还是淘宝网首席财务官，参与设计了淘宝的商业模式；之后，他一路高歌猛进，兼管淘宝商城、创建天猫、打造双11购物节，帮助阿里巴巴实现从B2B到B2C的转型。中间每一步都充满艰难险阻，仅将阿里巴巴从PC端迁徙到移动端这一个“小关卡”，用阿里人自己的说法，仿佛“在高速公路上将汽车引擎换成波音747飞机引擎”，难度完全超乎想象，但张勇却总能顺利通关，这也为其后来接棒马云打下了坚实基础。2015年，张勇接替陆兆禧，正式成为阿里巴巴集团CEO，做起了阿里的“二当家”。打江山易，守江山难。张勇走到台前的这几年，阿里巴巴可谓内外交困：一方面流量红利逐渐消失，公司急需找到新的增长曲线；另一方面，外部新兴企业来势汹汹，在电商、本地生活等多个战场威胁着阿里巴巴的地位；再加上内部员工的作风问题频被质疑，压在张勇身上的胆子只重不轻，频频需要他亲自出面稳定大局。给70后张勇制造压力的其中一人，就有拼多多联合创始人、现任董事长兼CEO陈磊。这位与拼多多创始人黄峥并肩作战13年的战友，此前一直负责技术工作，为黄峥的想法提供切实的技术支持和后期落地，鲜少走到台前。2020年，他从黄峥手中接过CEO权棒，一年后又出任董事长，顺利完成了从“二当家”向“一号位”的角色转换，也开始频频出现在大众视野。据悉，上任后的陈磊将拼多多的战略目标聚焦在农业领域，本人也长期在各大农产区调研，扎扎实实打牢农业基本盘。另一边，近两年飞速发展的字节跳动也完成了“一号位”更迭。接替张一鸣出任字节跳动CEO的人是，其大学舍友、相识17年的合作伙伴——梁汝波。从有限的公开信息中可以知道，梁汝波自2009年起就与张一鸣一起创业，主要从事技术工作，负责字节跳动早期多个重要产品和业务，包括今日头条、头条号、广告系统和用户增长系统等。不得不承认，这位低调的“接班人”也有两把刷子。不同于徐雷和张勇职业经理人出身，在打完天下后一步步走到权力中心，陈磊和梁汝波是与创始人共同开天辟地的一群人，只是从幕后走到了台前。需要承认的是，无论哪个类型的互联网“新掌门”，都在上位前立下了汗马功劳。即便此前鲜少站到聚光灯下，一旦提起属于他们的成绩几乎无人不知无人不晓，足以令人信服。02互联网不迷恋“人治”一个很明显的特征是，这届互联网“新掌门”不似“前浪”一般，时常指点江山、发表激扬文字，低调成为了他们共同的行事作风。曾经崇拜的个人主义之风早已随着时代变迁，烟消云散；互联网大厂的组织制度建设，在新的历史阶段发挥着越来越重要的作用。在中国互联网江湖，阿里和腾讯是绕不过去的两座大山。阿里已经完成了“一号位”交接，腾讯却没有任何动静。不仅如此，腾讯创始人马化腾近几年来更显低调神秘，无论是外部高端公开会议，还是内部公司年会，大多处于缺席状态，就连媒体也很少能捕捉到他的行踪。即便没有加入这场“掌门人”变革风潮，2018年腾讯却在组织架构上做出了巨大调整，外界称作“930变革”——将原有七大事业群（BG）重组整合，新成立云与智慧产业事业群（CSIG）、平台与内容事业群（PCG）。马化腾说，这次的调整是一次面对未来的进化，是腾讯迈向下一个 20 年的主动革新与升级迭代。除此之外，腾讯还首次对外宣布成立技术委员会。▲图：变革后的六大事业群这次变革除了在连接人、连接数字内容、连接服务的基础上，彰显了腾讯推动由消费互联网向产业互联网升级的决心，也让那个严重依赖“人治”的腾讯，内部协同效应有了极大提升。据腾讯首席运营官任宇昕回忆，早前他接手MIG（移动互联网事业群）和OMG（网络媒体事业群）时都属于被动式。这两个事业群，或多或少存在“负责人离职或换岗、业务也面临大挑战”，但更多的问题出在内部：原有的“各业务线独立发展的机制”难以形成合力，没人站在内容的全局去思考更大战略。全新的组织架构下，腾讯从需求和服务出发，将散落在不同BU的业务聚集到一起，打破了过去各个BU独立发展、相互割裂的局面，形成各个产品间的协同合作。竞争对手面临的压力也在增加，从过去只需要与一个产品PK，到如今面对的可能是两个甚至多个腾讯产品一起角逐，稍有不慎就会败下阵来。值得一提的是，在各个事业群之外，腾讯还成立了技术委员会，由腾讯高级执行副总裁、技术工程事业群总裁卢山和腾讯高级执行副总裁、云与智慧产业事业群总裁汤道生两名腾讯总办成员牵头，几大事业群的技术负责人悉数进入技术委员会的决策圈。从这个架构不难看出，技术委员会突破了事业群限制，也摒弃了“一人专权”的情况，能够帮助腾讯在推动业务全面上云整合的过程中，更好实现“拆墙”与“融合”。即便在事业群内部，也不是由单一个人拍板决策。调整后的平台与内容事业群（PCG），算得上夯实腾讯业务最多、规模最大的部门，涵盖了新闻、长短视频、影业、动漫、信息流等多个业务。▲图：腾讯“930变革”后架构图作为PCG总裁，任宇昕在团队治理方面并没有过分凸显个人权力，而是与PCG八位副总裁（VP）建立了高管合伙人制度，以集体的形式为事业群成败负责。“实行合伙人制度后，会议上大家讨论得很厉害，这还是过去很长时间没有的。大家虽然吵，但是共同面对挑战、共同制定目标的氛围已经形成。”任宇昕说。有了腾讯在前面“打样儿”，其它腾讯系企业也纷纷开始效仿，通过搭建新的组织架构来取代“人治”，实现对公司的有效管理。在徐雷接棒刘强东，成为京东集团董事长的同时，京东也形成了成熟的决策机制。不再是创始人独裁专制，而是由各业务板块、职能体系负责人组成的战略执行委员会（SEC）和集团几十位一线业务部门负责人组成的战略决策委员会（SDC），对公司日常大小事务管理决策。按照京东的说法，经过两年多的磨合和运转，公司已经形成了良好的集体决策和快速响应机制。种种迹象表明，随着各大巨头发展进入成熟期，互联网不再迷恋“人治”，不再过分崇拜领导人，而是选择拥抱制度、下放权力，通过盘活员工内生力来推动企业发展。03下半场的较量随着“掌门人”更迭、新的管理制度出台 ，互联网江湖格局也发生了不小的变化。中国信通院发布的《2021年一季度我国互联网上市企业运行情况》研究报告显示，2021年一季度，我国11家企业上榜全球互联网企业市值Top 30；市值Top 10的互联网企业占全行业比达80.3%，十家企业市值总和为150580.3亿元；腾讯控股与阿里巴巴分别以49467亿元和40328.3亿元市值排名第一、二位，第三到第十位的企业依次是美团、拼多多、快手、京东、百度、贝壳(KE)、网易、京东健康。▲中国市值Top 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