[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-JP2022022516595092971":3,"related-JP2022022516595092971":34},{"pageSize":4,"id":5,"productLine":6,"status":7,"articleCode":8,"articleType":9,"showStyle":7,"mediaType":10,"fileInputUrl":11,"articleTitle":12,"coverImage":13,"listImage":14,"introduction":15,"description":16,"nonVipDescription":11,"postTime":17,"viewTime":18,"sortNumber":19,"isFree":20,"isShowList":7,"isRecommend":20,"linkType":7,"isOriginal":6,"hasMiniUrl":20,"miniUrl":11,"miniScheme":11,"miniImage":11,"createBy":21,"updateBy":21,"createTime":22,"visitCount":23,"isLiked":20,"realSearch":24,"isRead":20,"productId":25,"isCollected":20,"collectCount":26,"vipExclusive":20,"allowComment":7,"style":27,"likeCount":28,"duration":20,"playStyle":7,"seoKeywords":11,"articleModuleVoList":29,"extendContentList":30,"noteCount":31,"categoryList":32,"dailyKeywordList":33},10,4645,"1",1,"JP2022022516595092971","1041018",3,"","如何淡定面对亏损？","https:\u002F\u002Fimage.jane7.com\u002Fa1a15dc0-1696-4798-bfe9-bec340df6463.png","https:\u002F\u002Fimage.jane7.com\u002Fd11d9521-382f-40b7-8c91-ef801051117d.png","聊聊在面对持续下跌时，该如何拓宽自己对亏损的容忍度。","\u003Csection>\n \u003Csection>\n  \u003Csection>\n   \u003Cp style=\"vertical-align: inherit; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"color: rgb(127, 127, 127); font-size: 14px; letter-spacing: 0.544px; text-align: justify; background-color: rgb(255, 255, 255); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">以下文章来源于\u003C\u002Fspan>\u003Cspan style=\"color: rgb(127, 127, 127); font-size: 14px; letter-spacing: 0.544px; text-align: justify; background-color: rgb(255, 255, 255); caret-color: rgb(255, 0, 0); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">公众号\u003C\u002Fspan>\u003Cstrong style=\"color: rgb(127, 127, 127); font-size: 14px; letter-spacing: 0.544px; text-align: justify; white-space: normal; background-color: rgb(255, 255, 255); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">很帅的投资客(ID:shuai_investor) \u003C\u002Fstrong>\u003Cspan style=\"color: rgb(127, 127, 127); font-size: 14px; letter-spacing: 0.544px; text-align: justify; background-color: rgb(255, 255, 255); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">，作者很帅的狐狸。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003Csection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F472ab646-01d2-4805-86da-2f0f299afcc7.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #000000; font-size: 16px;\">大家好，我是很帅的狐狸\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">昨天我们分析完俄乌冲突后\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">今天普京大帝就直接上手了\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">A股港股都被炸得有点难受\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F6fa21efc-7378-443b-a62f-2df12d393103.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #888888;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #888888; font-size: 14px;\">图\u002F \u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #888888; font-size: 14px;\">历史的进城 via 微博\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; color: #000000;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以今天我打算花点时间给大家做做心理按摩。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #000000; font-size: 16px;\">我准备系统地聊聊，在面对持续下跌时，该如何拓宽自己对亏损的容忍度，或者说\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #000000; font-size: 16px;\"> \u003Cstrong>容错率\u003C\u002Fstrong> 。  \u003C\u002Fspan>\u003Cspan style=\"caret-color: red;\">   \u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"text-align:justify;vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify; font-size: 16px;\">其实就算没有俄乌冲突，今年跌跌不休的也不少：万年不反转的中丐股、葛兰女神的医药基金、宁德时代为首的新能源…\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fc6ae2e06-9f1b-4a17-b6e4-e1ec0cbd56b1.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">最近我都不大敢\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">打开自己的\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">股票账户…毕竟每次打开都泛着绿光……\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">亏损固然是不好受，毕竟\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">投资的确很难保证永远正确\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">就算是巴菲特老爷子也有过很大的回撤：比如他坚定持有的比亚迪，曾经从2009年的高点回撤超过80%。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">不过随后比亚迪又从低点，一度反弹了30几倍。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以某种程度来看，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">较高的容错率其实更可以赚到大钱\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #888888; font-size: 14px;\">（当然也有大前提，后面会说）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F25678272-3eab-4943-a2d7-6f76075194c9.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n    \u003Cp style=\"text-align:justify; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">那么问题就来了——\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Ctable width=\"100%\">\n     \u003Ctbody style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\n      \u003Ctr style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\" class=\"firstRow\">\n       \u003Ctd style=\"margin: 0px; padding: 5px 10px; outline: 0px; overflow-wrap: break-word !important; word-break: break-all; hyphens: auto; border: 1px solid #f2f2f2; max-width: 100%; box-sizing: border-box !important;\">\n        \u003Cul class=\"list-paddingleft-2\" style=\"box-sizing:border-box; margin: 0px; padding: 0px 0px 0px 30px; outline: 0px; max-width: 100%; width: 100%; overflow-wrap: break-word !important;\">\n         \u003Cli>\n          \u003Csection>\n           \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #000000; text-align: left;\">为什么中国投资者更难接受亏损？\u003C\u002Fspan>\u003C\u002Fp>\n          \u003C\u002Fsection>\u003C\u002Fli>\n         \u003Cli>\n          \u003Csection>\n           \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #000000; text-align: left;\">投资为什么需要容错率？\u003C\u002Fspan>\u003C\u002Fp>\n          \u003C\u002Fsection>\u003C\u002Fli>\n         \u003Cli>\n          \u003Csection>\n           \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #000000; text-align: left;\">为什么容错率更高的人更容易赚大钱？\u003C\u002Fspan>\u003C\u002Fp>\n          \u003C\u002Fsection>\u003C\u002Fli>\n         \u003Cli>\n          \u003Csection>\n           \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #000000; text-align: left;\">我们该如何拓宽自己的容错率？\u003C\u002Fspan>\u003C\u002Fp>\n          \u003C\u002Fsection>\u003C\u002Fli>\n        \u003C\u002Ful>\u003C\u002Ftd>\n      \u003C\u002Ftr>\n     \u003C\u002Ftbody>\n    \u003C\u002Ftable>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F62bf57fb-e051-485d-b0ec-10918bcecb93.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Ch2 style=\"margin: 0px 16px; padding: 0px; outline: 0px; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; text-align: center; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 20px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">Part 1\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh2>\n    \u003Ch2 style=\"margin: 0px 16px; padding: 0px; outline: 0px; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; text-align: center; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 20px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">😫 中国投资者更难接受亏损 😫\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh2>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">行为经济学上有个名词叫\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「损失厌恶」\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">简单来说就是，失去100块的痛苦程度会远大于得到100块的喜悦程度。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">在这样的机制下，人类如果不进步了，就一直保持在现有水平上下波动，那么整体收到的负反馈会比正反馈多。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以人类才有动力，不断地往前走。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F3d2a5c8c-15ca-4dff-804f-f6db3b1517e5.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以对亏损的抵触，可以说是天生刻在人类的DNA里的。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">而对于中国投资者来说，我们会更难接受亏损。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">主要有两个原因——\u003C\u002Fspan>\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">原因1：应试教育\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">高考目前仍然是中国少数的阶级跨越的路径之一。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">但是因为学生人数比较多，还是得靠标准化考试来分配教育资源，所以应试教育很难一时半会完全被颠覆。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">标准化考试嘛，为了缩短批改时间，直接给标准答案是个比较省力的做法。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">这种做法很容易让我们有思维上的「洁癖」\u003C\u002Fstrong>：凡是跟标准答案不一样的，我们会很难接受。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fe5de8f80-6af4-41d0-bf36-a07679b87957.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">我刚上大学时，发现很多考试都是开放性问题，没有什么所谓的标准答案。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">那时的我就会觉得很慌：妈呀，那什么样的答案才算是对的？\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>    \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">而在投资中，亏损可是100%的「错误」，无法接受也是自然。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">原因2：刚性兑付\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">中国过往一直都有所谓的「刚性兑付」，也就是，投资者们一旦亏钱，就要求机构兜底。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">比如，如果你过往买了银行理财产品，如果亏了的话，银行可是会被围起来的。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fa9226da4-be32-416d-8601-07b9e75a6220.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">银行或其他金融机构会担心坏了名声，影响之后批次的产品的销售，往往会保本保息。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">这在房地产领域可能更常见——\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">当年我还在麦肯锡做咨询时，有次驻场在一个房地产开发商客户那边做项目。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">某天去上班的时候，发现楼下聚集了一堆人，拉着横幅。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">我问了下同事，才发现是开发商最近有个小区开盘，卖得差不多了，剩下一些没那么好的户型准备降价清掉。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">结果之前高价买下来的业主就不高兴了，要求补差价。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">这种拉横幅的方式通常特别有效：政府不愿意发生群体性事件，于是会小窗开发商，让他们把差价给补上；而开发商一般不愿意得罪政府，通常也会妥协。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">在「刚性兑付」的大前提下，中国投资者是很难接受亏损的。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fa5d0214d-6139-4f80-9d99-ee4a9d6dfe19.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">在这么个教育体系和投资环境下，要我们「愿赌服输」是不可能的。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">不过所谓「风险越大收益越大」，真要能赚到点钱，承担一定的风险肯定是绕不过的。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F83731af9-2a62-4e5f-8e6b-8501d93d78fe.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Ch2 style=\"margin: 0px 16px; padding: 0px; outline: 0px; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; text-align: center; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 20px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">Part 2\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh2>\n    \u003Ch2 style=\"margin: 0px 16px; padding: 0px; outline: 0px; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; text-align: center; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 20px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">💸 不亏是不现实的 💸\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh2>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">投资一直不亏其实挺不现实的，自己炒股的人应该特别有感受。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">首先，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">市场并非总是有效的\u003C\u002Fstrong>，在大A股里这表现得特别明显。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">比如A股总会有一些莫名其妙的逻辑：谷爱凌夺冠后远望谷连续涨停，川普竞选领先导致川大智胜大涨……\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">有时候随便来个 \u003C\u002Fspan>\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MzAwODMyMTY0Ng==&mid=2650617547&idx=1&sn=40bcff6b46d8756a8a804c6e9e5bedf3&chksm=837939cab40eb0dc140f40d27eea69bb05b2415b8994a44c82b2fc04eac72fbc35985c73797f&scene=21#wechat_redirect\" style=\"margin: 0px; padding: 0px; outline: 0px; color: #576b95; text-decoration: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); cursor: pointer; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;;color:#409eff\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; text-decoration: underline; font-size: 16px; color: #0080ff;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">谣言\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">，就可以拉垮整个板块。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fcf0ae51b-da5b-4ee8-97c8-60c6ba5002ea.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">其次，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">个人的能力圈总归是有边界的\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">人非上帝，没法做到全知，很难知道世上发生的全部。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">能力圈以外的逻辑，特别是很容易被忽略的小概率\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #1f2329;\">黑天鹅，更是无法避免。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; color: #1f2329;\">比如之前我投资的 \u003C\u002Fspan>\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MzAwODMyMTY0Ng==&mid=2650604936&idx=1&sn=6a53a87d512004206c17957c9859c90f&chksm=83790a89b40e839f4cf7cdbc5d55ce4c0fdcc51188fc01648395b9ef1a92f52effbefbba000c&scene=21#wechat_redirect\" style=\"margin: 0px; padding: 0px; outline: 0px; color: #576b95; text-decoration: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); cursor: pointer; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;;color:#409eff\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; text-decoration: underline; font-size: 16px; color: #0080ff;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">新城控股\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; color: #1f2329;\">，就因为实控人风险亏惨了。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; color: #1f2329;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">当然，你可能会说，那把钱交给机构，亏钱了算他们的不就好了？\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">确实，自私点来讲，这对我们最有利。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fdbf4b686-96f5-4fdc-a32d-faf76842b31a.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">然而，这也是不现实的。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">因为从监管的角度来看，这么做是弊大于利的。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">如果所有的理财投资产品都是保本保息，相当于都是零风险。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">高风险的项目一般收益会比较高，这时候投资者的想法就很危险了——\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F809e4e00-525d-4f9b-97e1-9c3f9df45301.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">那么低风险的好项目好公司反而就没有人投资了，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">劣币驱逐良币\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">这也是推出 \u003C\u002Fspan>\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MzAwODMyMTY0Ng==&mid=2650602261&idx=1&sn=500684b4ed0c7b6c18301cda7c0bf2c4&chksm=8378f414b40f7d02580d5af3049e239c66e088a23c70a31ea93a9b64efab717b14ca68aa2672&scene=21#wechat_redirect\" style=\"margin: 0px; padding: 0px; outline: 0px; color: #576b95; text-decoration: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); cursor: pointer; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;;color:#409eff\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; text-decoration: underline; font-size: 16px; color: #0080ff;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">资管新规ⓘ\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\"> 的底层原因。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">政策考量的除了从资源分配的角度，还有就是宏观经济的角度。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">前几天投行Credit Suisse的知名策略师Zoltan Pozsar就提到了一个很有意思的观点——\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">因为美联储一直在大放水，导致美股、美国的房子和加密货币过往一直涨，这让不少年轻人都进场炒股炒币、无心工作。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F785f0efb-71ce-43a0-afd7-a8e532b5ab9e.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以美国家里蹲的人越来越多，劳动力的供给不够，通胀会不断加剧。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以他建议美联储多加点息，让市场更加动荡一些。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F7d2d72b3-7398-480c-9a73-2aacda316b79.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以整体来说，监管不会允许投资者只赢不输。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">当然，监管也不会希望投资者一直输，毕竟这样就没人愿意投资了，更多还是希望\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">赢多输少\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">在这么个大前提下，投资成为了一个「概率」-「赔率」的游戏。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">这也是投资圈很喜欢玩德扑的原因：\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">虽然做不到每把都赢，但只要保证自己赢的比输的多，确保自己的期望回报为正，长期能赚钱就行。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">而要做到这点，需要在投资的时候，有一定的容错率，不然留给你的投资机会可能就只剩下银行存款了……\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F5967bb0d-7ea0-4a07-9ae0-915f0dc113a6.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fe0cef398-5386-4c13-849b-03f5fb469e79.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Ch2 style=\"margin: 0px 16px; padding: 0px; outline: 0px; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; text-align: center; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 20px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">Part 3\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh2>\n    \u003Ch2 style=\"margin: 0px 16px; padding: 0px; outline: 0px; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-decoration-thickness: initial; line-height: 2em; text-align: center; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 20px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">🛡️ 如何提高容错率 🛡️\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh2>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">容错率的「错」在投资角度看来，就是\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">风险\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以提高「容错率」其实指代两件事情，一是提高容错能力，二是提高容错意愿。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">更通俗点说就是提高\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">风险承受能力\u003C\u002Fstrong>和\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">风险偏好\u003C\u002Fstrong>，我来分开说说——\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">1. 风险承受能力\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">我们姑且把「风险承受能力」定义为\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">能够容忍的最大亏损金额\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">它主要跟你的\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">资产量\u003C\u002Fstrong>有关：当你有100万时，每天5万上下的波动其实就只是资产的5%；而当你只有5万块的时候，每天亏5万则是100%的跌幅。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以有钱人在投资上赚钱会容易一些，因为面对可以赚同样金额的机会，他们需要承受的亏损比例更小。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">就算这个机会大概率能赚钱，穷人也不一定会接受——\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F6c85b781-448a-4187-a28c-176ce5b36a35.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\u003C\u002Fsection>\n    \u003Csection>\u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #888888; font-size: 14px;\">* \u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">注\u002F\u003C\u002Fstrong> 期望回报相当于5w x 90% + (-5w) x 10% = 4w呢！\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以一般德扑玩到后期，筹码少的玩家一般都会再换更多筹码。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">不过呢，咱也不用因为这样就觉得沮丧。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">虽然你的风险承受能力没别人高，但你的风险偏好可能比别人高呀~\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">2. 风险偏好\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">我观察到，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">在商业社会里头，当我们说一个企业家「格局大」时，通常指的是TA的风险偏好高\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">而这种人一般更愿意——\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">①「赌」小概率的事件；\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">②「赌」更大比例下注。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「小概率事件」\u003C\u002Fstrong>通常对应的是高赔率，也就是所谓的「高风险高收益」。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">这个没啥好说的，赌赢就能赢很多倍嘛。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fa63058cd-fc6f-49a6-94bb-f14bae5e1b07.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">而\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「更大比例下注」\u003C\u002Fstrong>，我举个栗子就很好理解了——\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">如果两个人都是1,000块本金，一个人每局只愿意最多下注100块，另一个人每局只愿意最多下注500，假设赔率都是押1赔1，那么A每局最多就赚100，B每局最多赚500。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fd92fe8d3-ff4b-47bc-ae14-3f0add21de5e.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">一般来说，风险偏好跟你未来的\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">现金流情况\u003C\u002Fstrong>有关。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">这又\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">跟收支和年龄关系很大\u003C\u002Fstrong>——\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">你如果还年轻，这时候你还有大把时间，换句话说你未来有更多的创造收入的机会，就算输光了也可以重来。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">另外你短时间内也没有什么大额支出，没有养娃买房养老的压力，所以风险偏好也会高一些。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F0c8fe527-905d-407f-9ac7-75236464ca8f.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">如果你成家立业了，这时候你还要all in，确实是对家里人有点不负责，这时候你的风险偏好会下来。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">那么最核心的问题来了——\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">怎样才能提高容错率呢？\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">风险承受能力跟资产有关，所以也没啥提高诀窍，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">靠时间积累\u003C\u002Fstrong>就行。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">至于风险偏好，我是觉得没啥必要提高啦。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">如果你本身就风偏很低的话，你就配适合你的产品就行，因为强行扭转自己的风偏通常会让自己很痛苦。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以金融机构才会让你做风险测试，不然一旦资产价格下跌了，你肯定是拿不住的。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F5a652911-8fe3-4718-ac34-97837a471ca5.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">当然，如果在你的价值观里面，你认为风偏高是一件正确的事的话，你也可以通过一个方式提高你的风偏，那就是——\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">尝试每次投资时，选择比你风险偏好稍微高一点的投资机会，可能是押注你觉得概率过小的机会，也可能是\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #1f2329;\">投更高的仓位。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; color: #1f2329;\">这么做呢，本质上利用的是心理学里的「舒适圈」概念：\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px; color: #1f2329;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">每次迈出舒适圈一点点，你的舒适圈自然会慢慢在痛苦中被拓宽。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">要注意的是，这么做的大前提是，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">这个投资机会期望回报大于零。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">概率很小，但是赔率又不够高的话，赚的还不够赔的多，期望回报小于零的机会就别考虑了。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fb0fc1557-6f6d-439c-910b-8e3983105cf5.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">而更实在的做法，可能是\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">抛开改变你的风险偏好的想法，好好扎实地做研究\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">研究之所以有用，是因为它可以提高你获胜的概率，从而提高你的期望收益。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">如果只是给我一个股票代码，让我预测它明天会涨还是会跌，我只能告诉你概率分别是50-50。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">但是如果我们研究了它的基本面情况，看看它都有哪些新闻，今天是不是有什么利好，资金面的走向怎么样……这么一通研究下来，可能我就能判断它明天上涨的概率是90%有余了。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F755567ee-02d1-4eaf-a442-c9d5e0482b5f.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F02f0e641-dc32-449f-b1b5-72eed9bfcf61.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\u003C\u002Fsection>\n    \u003Ch2 style=\"margin: 0px 16px; padding: 0px; outline: 0px; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-align: justify; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003C\u002Fspan>稍微再多说几句宏观——\u003C\u002Fh2>\n    \u003Cp style=\"vertical-align:inherit;\">\u003Cbr>\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">其实从国家角度来看，它是挺愿意拉高全社会的风险偏好的。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">比如资管新规的推出，不让金融机构保本保息，其实就是不再允许100%的安全，让大家承担一定的风险，进而慢慢愿意接受风险更高的股票\u002F基金投资。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Cp style=\"text-align:center; vertical-align: inherit; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F29455d8a-6dad-4891-9c56-8ed67bb60fe2.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"text-align:justify;vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">毕竟在新的发展时期，我们需要科创企业，通过创新来提高我们的经济增速；而对于这些没有土地厂房设备的科创企业来说，要通过抵质押、从银行系统借到钱是很难的事情，股权融资是更适合它们的融资。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"text-align:justify;vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"text-align:justify;vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">所以国家发展科创板、改革创业板、创设北交所；所以国家推房住不炒、引导炒房资金流入股市；所以国家搞资管新规，控制住系统性风险之余，也算进一步提高大家风险偏好，进而参与到股市里头来。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"text-align:justify;vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">照例一张图总结一下——\u003C\u002Fspan>\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F2d127df2-8cf9-47d7-b6a1-e06588c0cc99.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>  \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F1215ed0d-5fe8-453f-85e4-fed8b13b248c.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Csection>\n      \u003Csection>\n       \u003Csection>\n        \u003Csection>\n         \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F6b91a063-1647-467c-8c82-8a221d6ea2cc.jpg\" alt=\"图片\">\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>      \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"text-align:center;vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;\">🤑\u003C\u002Fspan>\u003Cbr>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"text-align:center;vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #888888; font-size: 14px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「Greed is good.」\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>      \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「很帅的投资客」的所有内容皆仅以传递知识与金融教育为目的，不构成任何投资建议。一切请以最新文章为准。\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>      \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"font-size: 12px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">📖 相关阅读：\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">《\u003C\u002Fspan>\u003C\u002Fspan>\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MzAwODMyMTY0Ng==&mid=2650605728&idx=1&sn=ff75644eadfb03ffd2eebc442568cb9b&chksm=837907a1b40e8eb7c7e2e6772a96571d7a7f6811d2efa43411a0577fe9ca88830a6a93cf1083&scene=21#wechat_redirect\" style=\"margin: 0px; padding: 0px; outline: 0px; color: rgb(87, 107, 149); text-decoration: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); cursor: pointer; max-width: 100%; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;;color:#409eff\">\u003Cspan style=\"font-size: 12px;\">谁说「穷人思维」都是错的？这可能是我们对穷人思维最大的误解…\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">》\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>      \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"font-size: 12px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #888888; font-size: 14px;\">图文\u002F\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\"> 狐狸，XXX\u003C\u002Fspan>\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">Icon\u002F\u003C\u002Fstrong> freepik from flaticon\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">主创\u002F \u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px;\">肖璟，@狐狸君raphael，曾供职于麦肯锡金融机构组，也在 Google 和 VC 打过杂。华尔街见闻、36氪、新浪财经、南方周末、Linkedin等媒体专栏作者，著有畅销书《风口上的猪》《无现金时代》。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>      \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">📚 参考资料\u002F\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Csection>\n          \u003Cp style=\"vertical-align:inherit;margin-left: 16px; margin-right: 16px; line-height: normal;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 12px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">《7万股民跟着谷爱凌“稀里糊涂”赚大钱》《“美国大选概念股”的奇葩经历 莫名下跌的川大智胜：这是赌博，与我无关》《Risk Tolerance Definition》《How to Determine Your Risk Tolerance Level | Charles Schwab》《How To Figure Out Your Investing Risk Tolerance》《Measuring Investors' Risk Appetite》《What's the Difference Between Risk Appetite vs. Risk Tolerance? — Reciprocity》《'Risk Appetite' vs. 'Risk Tolerance'. What’s the Difference?》《Comcover Information Sheet - Defining Risk Appetite and Tolerance》《容差区间》《Warren Buffett’s BYD bet is paying off big 13 years after investing in the obscure Chinese carmaker | Fortune》《Buffett owns more of Chinese electric car maker BYD than General Motors》\u003C\u002Fspan>\u003C\u002Fp>\n         \u003C\u002Fsection>\n        \u003C\u002Fsection>\n       \u003C\u002Fsection>\n      \u003C\u002Fsection>\n     \u003C\u002Fsection>\n    \u003C\u002Fsection>\n   \u003C\u002Fsection>\n  \u003C\u002Fsection>\n \u003C\u002Fsection>\n\u003C\u002Fsection>","2022-05-18 15:06:50","2022-02-25 06:25:00",100,0,"zhanglizi@jane7.com","2022-02-25 16:59:50",354,false,14324,16,"1038002",15,[],[],25,[],[],[]]