Economics

Markets, finance, investing, trade, companies, entrepreneurship, and the policies and incentives that shape economic activity.

2217 knowledge pages

Concepts

10X Paradox
concept
1973 Hong Kong Stock Market Crash / 1973年香港股灾
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1973 Oil Crisis
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1:1:1 Allocation Anchor
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401(k) Plan
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60/40 Portfolio
concept
A-Share Auction Pricing / A股拍卖机制
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A-Share Bull Market History
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A-Share Market Seasons / A股四季框架
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A-Share Planting Company Taxonomy / 种树种粮种菜
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A-Share Valuation Indicators
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A/B Testing For Marketers
concept
A/H Share 2025 Barbell
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Academic Biotech Translation
concept
Accelerated Bank Runs
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Account Misuse Risk
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Accounting Infrastructure
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Accounting Red Flags
concept
Active Fund Crowding / 主动基金抱团
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Active Management Style Evolution
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Activist Investor Pressure
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Adaptive Portfolio Design
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Advance Against Royalties
concept
Advance News Trading Experiment
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Advance-Fee Fraud
concept
Advanced Market Commitment
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Affordability-Driven Socialism
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African Retail Market Deepening
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Agent Token Budgeting
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Agentic Economy
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Aggregate Indicators Lived Experience Gap
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AGI Narrative
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AH Share Discount Repricing
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AI Abundance Narrative
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AI Application Market Trough
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AI Application Survival Strategy
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AI As Business Operator
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AI Atari Stage
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AI Automation Redistribution
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AI Bubble Hedging
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AI Capex Return Window
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AI Coding Market Concentration
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AI Compressed Value Creation
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AI Compute Price Risk
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AI Credit Access Bias
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AI Cybersecurity Valuation Gap
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AI Data-Center Private Credit Financing
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AI Disruption Risk Investing
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AI Economic Diffusion
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AI Equity Valuation Risk
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AI Inference Cost Structure
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AI Infra Crypto Analogy
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AI Infrastructure Debt Financing
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AI Infrastructure Supply-Chain Bullwhip / AI 基建供应链牛鞭效应
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AI Investment Margin Drag / AI投入拖累利润
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AI Investment Metrics
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AI Investment Research
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AI IPO Valuation
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AI Labor Substitution Valuation Boundary / AI劳动力替代估值边界
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AI Offtake Revenue Gap
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AI Platform Ecosystem Diffusion
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AI Portfolio Leverage Liquidation
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AI Productivity Margin Expansion
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AI Recruiting Sourcing
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AI Revenue Legibility
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AI ROI Fork
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AI Safety Compute Demand
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AI Short Drama Supply Glut / AI短剧供给过剩
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AI Startup Unit Economics
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AI Storage Supercycle
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AI Work Optionality
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AI-Compressed Investment Research Advantage
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AI-Enabled Loan Document Analysis
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AI-Enabled Self-Employment
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AI-Native Investing Workflow
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AI-Native Manufacturing Transformation / AI 原生制造业转型
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Air Cargo Value Density / 航空货运价值密度
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Alcohol Demand Reset
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Algorithmic Dispersed Knowledge / 算法分散知识聚合
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Algorithmic Trust Migration
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All-Business-Class Supersonic Model
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Alpha Decay
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American Protectionist Tradition
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American Sports Capital In European Football
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Anglo-Portuguese Alliance
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Annual Report Macro Reading
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Annual Upfront SaaS Cash Flow
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Anthropic Monopoly Thesis
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Anti-Money Laundering
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Antifragility
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API Product Design
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Artist Rights Control
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Asset Allocation
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Asset Correlation
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Asset Management New Rules / 资管新规
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Asset Revaluation Theory
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Asset Scarcity Premium
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Asset-Based Finance / ABF
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Asset-Light Brand Machine
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Asset-Light Vs Heavy-Asset Models
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Asymmetric Information
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Asymmetric Payoff
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Atlantic Slave Trade-Privateering Link
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ATM Operations
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Attractiveness Labor-Market Premium / 外貌劳动力市场溢价
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Audience Before Product Marketing
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Audit Opinion Risk
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Author Commercial Film Balance / 作者表达与商业电影平衡
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Auto Repossession
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Automation Displacement Effect
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Automation Reinstatement Effect
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Averaging Down
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Aviation Finance Leasing
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Balance-Sheet Macro Analysis
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Bank Branch After-Hours Work
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Bank Branch Security Controls
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Bank Cash Logistics
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Bank Client Segmentation
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Bank Due Diligence
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Bank Internal Audit
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Bank Organizational Hierarchy
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Bank Trainee System
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Bank Wealth Product Suitability / 银行理财产品适配
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Bank Wealth-Management Subsidiary / 银行理财子公司
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Banking Compliance Boundaries
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Banking DDoS Resilience
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Banking KYC Compliance
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Banking Loss Allocation Politics
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Banking Product Delight
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Barbell Strategy
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Base Currency Thinking / 本币思维
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Batch Equity Pool
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Beauty Economics / 美貌经济学
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Beef Grading As Market Infrastructure / 牛肉分级作为交易基础设施
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Behavioral Investing Biases
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Belt and Road External Demand
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Bennett Hypothesis
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Bessent Impossible Triangle / 贝森特不可能三角
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Binary Biotech Platform Optionality
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Biotech BD Data Validation Phase
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Biotech Capital Cycle
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Biotech Founder Control
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Bitcoin Safe-Haven Behavior
concept
Black Swan
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Blanket Tariff Limit
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Blockchain Financial Innovation
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Bond Fund Return Expectation Reset
concept
Bonus Share and Stock Split Misreading / 拆股送股误读
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Book Price War Signal Trap / 图书价格战信号陷阱
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Book Publishing Economics
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Borrower Readiness Financing
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Bottom-Up Enterprise Distribution
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Bounded Speculative Optionality / 有边界的彩票仓位
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Branded Produce Differentiation
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Brexit Economic Friction
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Britain 1976 IMF Crisis
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British Deindustrialization in the 1970s
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British Drink Market Formation
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Brokerage Research Reports
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Browser As Internet Unlock
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Bubble Financing Structure
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Bubble Necessary Conditions
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Bubble Role Analogy / 泡沫角色类比
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Bubble Wealth Redistribution / 泡沫财富再分配
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Build vs. Borrow Product Strategy
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Builder-Centered Institutions
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Bull Market Bezzle Trap / 牛市叙事欺诈
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Bull Market Profit Preservation / 牛市胜利果实保留
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Business Moat
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Business-Elite Rule in Hong Kong / 商界治港
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Business-Model Organization Fit
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Buy-Side Investment Advisory / 买方投资顾问
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Canadian Oil Sands Boom
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Cap Table Literacy
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Capacity-Matched Growth
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CAPE Ratio Valuation Signal
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CAPEX OPEX Substitution
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Capital Account Investment Restrictions
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Capital Efficient Startup Building
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Capital Market Shell Story
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Capital Return Rate Decline
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Capital-Intensive AI Cycle
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Capitalized Research Process / 研究资本化
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Car Affordability Stress
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Carbon Removal Cost Curve
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Career Exit Friction / 职业退出摩擦
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Career Optionality
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Carry Trade Unwind
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Carthaginian Commercial-to-Territorial Empire / 迦太基商业至领土帝国
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Category Focus Before Expansion
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Central Bank Independence
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China as Trump Narrative Enemy
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China Biotech Asset Repricing
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China Dual Circulation Strategy / 中国双循环战略
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China Equity Structural Selection / 中国权益结构分化
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China Equity-Real Economy Gap / 中国股市与实体经济落差
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China Excess Savings Reallocation / 中国超额储蓄再配置
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China Macro Temperature Gaps / 中国宏观温差
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China Outbound Profit Loop / 中国出海收益环流
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China Policy Easing Pivot
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China Shock
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China Supply-Side Clearing
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China-U.S. AI Valuation Asymmetry
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Chinese Bank Wealth Management / 中国式银行理财
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Chinese Corporate Gladiator Competition
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Chinese Long-Video Platform Economics
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Chinese Structured Fund / 中国分级基金
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Circle Of Competence
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City Place Premium
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Civic Relationships As Crisis Infrastructure
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Clear Customer Definition
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Client-Centered Wealth Management / 以客户为中心的财富管理
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Climate Externality Cost Allocation
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Cloud Segment Revenue Disclosure / 云业务分部收入披露
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Co-Founder Alignment Loop
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Co-Founder Conflict
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Co-Founder Relationship Maintenance
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Coffee Commodity Politics
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Colonial Chocolate Commodity Chain
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Colonial Commodity Dependency
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Commercial Film Audience Logic / 商业片观众逻辑
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Commercialization Protects Creative Ideals
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Commodity Time-Horizon Framework
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Commodity Trap Escape
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Community Bank AI Adoption
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Community-Embedded Business
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Company Game Difficulty Strategy
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Comparative Advantage
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Compensating Differentials
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Competitive Billionaire Wealth
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Compounding Growth Formula
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Compressed Corporate Evolution
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Compute Freedom / 算力自由
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Concept Led Hospitality
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Confessional Trade Conflict
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Consortio Group Financing
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Constraint-Driven Product Discipline
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Consumer AML Exposure
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Consumer Brand Moat
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Consumer Loan Risk
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Consumer Sentiment Indicator
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Contract Theory / 契约理论
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Contractual Fund Governance Gap / 契约型基金治理缺口
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Contrarian Sentiment Indicators
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Control-Preserving Incentives
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Convertible Bond / 可转债
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Convertible Bond Double-Low Strategy / 可转债双低策略
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Convexity Exposure
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Conway's Law Organizational Design
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Core-Satellite Portfolio / 核心—卫星配置
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Corporate Speaking as Political Apprenticeship
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Corridor State Strategy / 走廊国家战略
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Cost Cap Economics
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Cost Matters Hypothesis
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Cost-Benefit Thinking
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Costly Life Experimentation / 有成本的持续折腾
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Countercyclical Public Works / 逆周期公共工程
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Creator Business Flywheel
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Creator Late-Cycle Anxiety / 创作者末班车感
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Creator-Driven Financial Narrative / 创作者驱动的财经叙事
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Credibility Cascade
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Credit Card Debt Mechanics
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Credit Card Scale Contraction / 信用卡规模收缩
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Crisis-Forced Vertical Integration
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Critical Mineral Offtake Industrial Policy
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Cross-Asset Risk Expression / 跨资产风险表达
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Cross-Border Brokerage Regulation
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Cross-Border Crypto Capital Flight
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Cross-Border Fund Transfer Risk
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Cross-Border Infrastructure Trade Tension
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Cross-Border Wealth Management Connect
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Cross-Market Leveraged ETF Execution Risk / 跨市场杠杆 ETF 执行风险
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Cross-Project Cash Transfer
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Crypto Consumer Confidence
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Crypto Leverage-Liquidity Cascade
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Crypto Time Series Analysis
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Cryptocurrency Market Structure
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Currency Anchor Transition / 货币锚转换
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Currency Credit
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Currency Risk
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Customer Evidence Strategy
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Customer Signal Driven Pivot
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Cycle Stock Valuation Trap / 周期股估值陷阱
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Cycle Worldview / 周期世界观
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Daily Leverage Reset
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Data Center Debt Risk
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Data-Backed Labor Bargaining
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Dating-App Marketplace Dynamics
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DCF Valuation as Narrative / DCF作为叙事
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Death-Benefit Portfolio
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Debt Threshold Uncertainty
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Deep-Tech Product Focus
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Defense Monopsony Innovation
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Defense Tech Startup Procurement
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Defensive Dividend Assets
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Deglobalization Trade Intermediation
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Deliberate Luck Surface
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Demand Shock Product-Market Fit
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Demand-Induced Agrarian Disruption / 需求诱导式弃农
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Demand-Side Housing Affordability Policy
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Demand-Side Oil Market Power
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Demand-Supply Chain Control Frame / 需求-供应链控制框架
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Demographic Innovation Capacity / 人口创新能力
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Deposit Guarantee Crisis Response
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Depression Driven Innovation
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Derivative Amplified Volatility
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Design For One Person
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Developer Hidden Debt Stack / 房企隐性债务堆叠
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Development Economics
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Dictionary Public-Good Governance / 词典公共品治理
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Digital Detox Economy
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Digital Economy Measurement Gap / 数字经济统计盲区
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Digital Game Distribution
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Digital Gold
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Direct Entrepreneur Grants
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Direct Listing Discipline
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Dispersed Information Problem
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Distribution Before Monetization
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Diversification Alpha
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Dividend Discount Model
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Dividend-Technology Barbell / 红利科技杠铃
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Do Too Much Founder Philosophy
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Dollar Financial Sanctions
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Domestic AI Chip Order Validation
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Donju Market Class
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Drawdown Psychology
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Drone Defense Economics
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DSCR Loans
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Dubai Business Hub Model
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Dubai Real Estate Market
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Dynamic Pricing Fairness
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Early Fintech Fraud Controls
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Early Modern Japan-Europe Contact
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Early Retirement as Work Autonomy
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Earnings Expectation Gap
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Earnings Growth Acceleration
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Ecommerce Surface Metrics Risk
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Economic Aryanization
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Economic Forecasting Limits
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Economic Way Of Thinking
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Economist Trust Crisis
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Ecosystem Expansion Leverage / 生态扩张杠杆
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Education Signal Inflation / 学历信号膨胀
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Effective Tariff Rate Shock
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Efficiency Over Scale Expansion
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Efficient Frontier
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Election-Facing Stabilization
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Electric Vehicle Price Parity
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Employee Equity Communication
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Employee Severance at Shutdown
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Employee Stock Option Liquidity Risk / 员工期权流动性风险
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Employee Stock Options / 员工期权
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Endogenous Money Creation / 内生货币
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Engineering Founder Automotive Transition / 工程师创始人跨界造车
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Enterprise AI Cost-Center Framing / 企业AI成本中心框架
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Enterprise AI ROI Audit
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Enterprise-First Product Fit
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Entrepreneur Strike Myth / 企业家罢工神话
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Equity Compensation Upside
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Equity Hacker House Model
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Equity Incentive Alignment / 股权激励相容
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Equity Retirement Asset Binding
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Era Tailwind In Investing / 投资时代红利
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ETF Consensus Feedback / ETF 共识反馈
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ETF Creation-Redemption / ETF 申赎机制
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ETF Holding-Horizon Classification / ETF 持有期限分类
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ETF In-Kind Tax Deferral / ETF 实物申赎税务递延
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ETF Wrapper Expansion / ETF 包装扩张
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ETN Credit Risk
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Eurozone Internal Imbalance
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EV Product Failure Recovery / 电动车产品失败后的恢复
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Event-Driven Investing
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Everyday Behavioral Economics / 日常行为经济学
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Evidence-Based Development Policy
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Exchange-Rate Flexibility
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Exchange-Traded Fund / ETF
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Explainable AI for Business Decisions
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Export Market Coordination
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Export Porcelain Customization / 外销瓷定制
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Exposure-Dosage Causality
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Externality Internalization
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Fact/Future Asset Pricing
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Fake Investment Platform Risk
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Famine Entitlement Failure
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Fast Feedback Loops
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Fat League Economics
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Fat-Tail Risk
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Federal Funds Rate As Policy Signal
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Fiat Capital-Market Decentralization / 纸币时代的资本市场去中心化
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Finance Career Portability
concept
Finance Entry-Level AI Compression / 金融初级岗位AI压缩
concept
Finance Industry Role Segmentation / 金融行业岗位分层
concept
Finance Platform Social Capital / 金融平台社会资本
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Finance Relationship Capital / 金融关系资本
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Financial AI Agents
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Financial Astrology Decision-Making
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Financial Career Risk
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Financial Commentary Knowledge Translation / 财经评论的知识转译
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Financial Data Alignment / 金融数据对齐
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Financial Employee Misconduct Controls
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Financial Hub Credibility Gap
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Financial Institution Trust Transmission / 金融机构信任传导
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Financial Model Risk
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Financial Nihilism / 金融虚无主义
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Financial Operations Resilience
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Financial Platform Incentives
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Financial Power And State Capacity
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Financial Report Operating Metric Integrity / 财报运营指标完整性
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Financial Statement Analysis
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Finite-Game Biotech Competition
concept
Fintech Regulatory Window
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Fire Tech Climate Resilience
concept
Fiscal-Monetary Transmission Difference / 财政与货币传导差异
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Fixed Income Plus Product / 固收+产品
concept
Flying Geese Model
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FOF Product Design
concept
Food Inflation
concept
Football As Economic Laboratory
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Football Club Financial Engineering
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Football Financial Fair Play
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Football Labor-Market Discrimination
concept
Football Transfer Receivables Finance
concept
Foreign Banking In China
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Foundational Economies
concept
Founder Advocacy
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Founder Agreement Documentation
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Founder Cash Flow Constraint
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Founder Control
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Founder Crisis Mediation
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Founder Equity Dilution
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Founder Health Debt
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Founder Honesty
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Founder Idea Maze
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Founder Instinct
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Founder Life Architecture
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Founder Lifestyle Infrastructure
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Founder Mode
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Founder Motivation Evolution
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Founder Network Arbitrage
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Founder Operational Reset
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Founder Pitch Evidence Fit
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Founder Pressure Compartmentalization
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Founder Psychology Operational Risk
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Founder Resilience
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Founder Risk Calibration
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Founder Risk Deep Dive
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Founder Risk Taking
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Founder Signal Discipline
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Founder Support Triage
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Founder User Obsession
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Founder-Board Relationship Maintenance
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Founder-Led Functional Organization
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Founder-Led Sales
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Founder-Led Service Replication
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Founder-Led Software Globalization
concept
Four-Exchange Hong Kong Market Fragmentation / 香港四会并列市场碎片化
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Free Cash Flow Indexing
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Free Rider Problem
concept
Free Service Hidden Cost / 免费服务隐性成本
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Free Trade Distributional Cost
concept
Free-Market Scientific Loop / 自由市场与现代科学闭环
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Freedom of Navigation Trade Order
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Frontier Agency-Commercial Boundary
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Frontier Model Inflection Pivot
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Frontier Trade Systems
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Full-Funnel Civic Technology
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Full-Time Self-Employment Boom
concept
Fund Advisory Fee Transparency / 基金投顾费率透明
concept
Fund Distribution Incentives / 基金销售激励
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Fund Investment Advisory / 基金投顾
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Fund Liability Matching
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Fund Manager Ranking Incentives / 基金经理排名激励
concept
Fund Manager Window Dressing and Agency Conflict / 基金经理橱窗粉饰与委托代理冲突
concept
Fund Recommendation Conflict Disclosure / 基金推荐利益冲突披露
concept
Fund Redemption Liquidity Pressure / 基金赎回流动性压力
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Fund-Investor Return Gap / 基金赚钱基民不赚钱
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Fundholder Mutual Ownership
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Fundraising Scenario Modeling
concept
Future Resident Housing Voice
concept
Future-Oriented Fundraising Pitch
concept
Futures Roll Cost / 期货展期损耗
concept
Gain Conversion Asset Form / 收益固化资产形态
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Game Spirit Organization
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Game Theory
concept
Gamma Squeeze
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Geopolitical Cycle Macro
concept
Glass-Steagall Act / 格拉斯-斯蒂格尔法案
concept
Global Financial Network
concept
Global Logistics Coordination
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Globalization Tax Optimization
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Goal-Based Client Profiling / 目标导向客户画像
concept
Gold As Currency Spare Tire / 黄金备胎
concept
Gold Investment Products / 黄金投资产品
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Gold Monetary Anchor
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Gold Portfolio Products / 黄金家组合产品
concept
Good Company Vs Good Stock
concept
Goodhart's Law
concept
Government Shutdown Data Blindness
concept
GPS-Enabled Repossession
concept
GPU Compute Asset-Backed Financing
concept
Grad PLUS Loans
concept
Graduate School Debt
concept
Grain And Border Coercion / 粮食与封边胁迫
concept
Gresham's Law / 劣币驱逐良币
concept
Growth Investing / 成长投资
concept
Growth ROI Layers
concept
Hacker House Startup Infrastructure
concept
Hard AI Infrastructure / 硬AI基础设施
concept
Hard Assets Debasement Hedge
concept
Hard-Tech Customer Intent Proof
concept
Hard-Tech Direction Selection
concept
Hard-Tech Financing Discipline
concept
Hard-Tech Regulatory Pathfinding
concept
Hardware Inventory Risk
concept
Hardware Talent Spillover
concept
Hawaiian Monarchy under Foreign Pressure
concept
Hawke-Keating Reform Settlement
concept
Healthcare Payer Horizon Mismatch
concept
Heath Government Incomes Policy
concept
Heavy Agriculture and Light Commerce Policy / 重农轻商政策
concept
Hengshan Economic Warfare / 恒山之谋
concept
Hidden Asset Optionality
concept
Holo Assets
concept
Homebuilder Short Thesis
concept
Hong Kong Dollar Hot-Money Cycle / 港元热钱周期
concept
Hong Kong IPO Liquidity Path
concept
Hong Kong Liquidity Exit Risk
concept
Hong Kong Market Structure
concept
Hong Kong Penny Stock Risk
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Hong Kong Retail Investor Survival
concept
Hong Kong Stock Connect
concept
Hong Kong Tech Repricing
concept
Hong Kong Triple Rerating
concept
Hong Kong-Mainland Integration Legacy / 中港融合遺產
concept
Hongkong Land-Dairy Farm Takeover / 置地饮牛奶
concept
Horse As Civilizational Infrastructure
concept
Host-Country Manufacturing Backlash / 东道国制造业反弹
concept
Household Balance-Sheet Repair
concept
Household Financial Redundancy / 家庭财务冗余
concept
Household Gold Savings
concept
Housing Affordability Supply Mechanics
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Housing As Consumption Good / 房子消费品化
concept
Housing Experience Investment Split
concept
Housing Stigma Discount
concept
Human Flourishing Profit
concept
Human Resource Deflation Compute Infrastructure Inflation
concept
Human Risk Override
concept
IEPA Tariff Authority Limit
concept
Imperial Metropolis Integration
concept
In-House Banking Software
concept
Incomplete Contract / 不完全契约
concept
Incremental Capital Market Engine / 增量资金引擎
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Incumbent Platform Pressure
concept
Independent Healthcare Clinic Financing
concept
Independent Investment Consulting
concept
Index Fund Automatic Exposure
concept
Index Reentry Discipline
concept
Indian Cheese Market Adaptation
concept
Indulgence Economy
concept
Industry-To-Finance Career Path / 产业转金融职业路径
concept
Inference as Cash Flow
concept
Inference Chip Startup Narrowing
concept
Inflated Property Transaction Fraud Risk
concept
Inflation Bias
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Inflation Targeting
concept
Information Asymmetry In Contracts / 契约中的信息不对称
concept
Infrastructure Malinvestment
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Institutional Information Advantage / 机构信息优势
concept
Institutional Investor Process Discipline / 机构投资者流程纪律
concept
Institutional Policy Pluralism
concept
Institutional Single-Family Rental
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Insurance Risk Transfer
concept
Intellectual Honesty Feedback Loop / 智识诚实复盘
concept
Intelligent Finance
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Intergenerational Youth Economic Burden
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Intermediary Speech Pressure
concept
International Reply Coupon Arbitrage
concept
Internet Software Thesis
concept
Interstate Economic Warfare / 跨国经济战
concept
Inventory Cycle / 库存周期
concept
Inventory Write-Down Risk
concept
Investment Adviser Fiduciary Duty / 投资顾问信义义务
concept
Investment Avoidance Trauma / 理财回避创伤
concept
Investment Behavior Coaching / 投资行为陪伴
concept
Investment Catalyst
concept
Investment Cooldown Discipline
concept
Investment Decision Logging
concept
Investment Edge
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Investment For Better Life
concept
Investment Fraud Red Flags
concept
Investment Impossible Triangle
concept
Investment Liquidity Tradeoff
concept
Investment Master Narrative / 投资大师叙事
concept
Investment Pitch Position Sizing
concept
Investment Plan Execution Discipline
concept
Investment Risk Management
concept
Investment Strategy Fit / 投资策略适配
concept
Investment Style Map / 投资流派地图
concept
Investment Worldview Fit
concept
Investor Education
concept
Investor Idol Risk / 投资偶像风险
concept
Investor Reference Checking
concept
Investor Self-Knowledge / 投资者自知
concept
Investor Suitability Friction
concept
Investor-to-Operator Learning / 投资人到经营者的一线学习
concept
IPO Capital Absorption
concept
Iran Postwar Economic Relief
concept
Iran Sanctions
concept
Italian Cuisine as an Urban Network
concept
Japanese Equity Repricing / 日本股市再定价
concept
Japanese Inflation Household Pressure / 日本通胀生活压力
concept
Japanese Innovation Retreat / 日本创新退潮
concept
Japanese Sogo Shosha / 日本综合商社
concept
Japanese Startup Exit Constraint
concept
Jevons Paradox In AI
concept
Juglar Cycle / 朱格拉周期
concept
K-Shaped Consumer Spending
concept
Keiretsu Business Groups / 系列
concept
Kelly Criterion
concept
Key Person Insurance
concept
Kinship-Based Township Enterprise Finance / 宗族熟人乡镇企业融资
concept
Knowing Enough
concept
Kondratiev Cycle
concept
Labor Monopsony
concept
Labor Search Frictions
concept
Late Bull Market Loss Risk / 牛市后期亏钱风险
concept
Late-Stage Private-Company Valuation Risk
concept
Lean Startup Feedback Loop
concept
Lean Versus Clean Bubble Policy
concept
Legal Risk Acquirer Fit
concept
Leverage-Driven Bull Market
concept
Leveraged Aviation Expansion
concept
Leveraged ETF / 杠杆 ETF
concept
Leveraged ETF Hedging Feedback / 杠杆 ETF 对冲反馈
concept
Leveraged ETN Financing Cost
concept
Leveraged Product Suitability
concept
Lianghuai Salt Monopoly / 两淮盐业专卖
concept
Life Insurance Secondary Market
concept
Life Settlement
concept
Life Settlement Pricing Opacity
concept
Lindy Effect Asset Allocation / 林迪效应资产配置
concept
Lineage Commercial Capital
concept
Liquidity-Driven Volatility Cascade
concept
Literary Agent Market Making
concept
Livestock Care Economics
concept
Loan Cap Access Risk
concept
Loan Intermediary Risk
concept
Long Video Network Effects
concept
Long-Distance Trade Friction
concept
Loss and Damage Climate Finance
concept
Loss Aversion / 损失厌恶
concept
Low-Equity Commercial Rights
concept
LTV-Based Growth Budgeting
concept
Lump of Labor Fallacy
concept
Luxury Consumption As Economic Circulation / 奢侈消费的经济循环
concept
Macro Asset Expression
concept
Macro Event vs Macro Trend Distinction
concept
Macro Research Public Expression
concept
Main Contradiction Allocation / 主要矛盾式资产配置
concept
Major Investment Decision Framework / 重大投资决策框架
concept
Malthusian Trap / 马尔萨斯陷阱
concept
Management Quality as Investment Edge
concept
Management Shareholder Alignment Risk
concept
Manufacturing Export Investment Quality / 制造业出海投资质量
concept
MAPER Investment Research Framework
concept
Margin Of Safety
concept
Margin Trading Forced Selling
concept
Marginal Analysis
concept
Marginal Income Scaling / 边际收入放大
concept
Maritime Chokepoint Tolling
concept
Market Breadth Narrowing / 市场广度收窄
concept
Market Coordination
concept
Market Efficiency
concept
Market Expectation Gap
concept
Market Freshness Culture
concept
Market Mean Reversion
concept
Market Pullback vs Trend End
concept
Market Regime Shift
concept
Market Speculation
concept
Marketplace Friction Reduction
concept
Materials Pipeline Company
concept
Matrix Reporting
concept
Media Internet Convergence
concept
Mega-Cap Concentration Risk
concept
Meiji Capitalism–Imperial Entanglement
concept
Mental Accounting / 心理账户
concept
Menu Costs
concept
Merchant Exchange Infrastructure / 商人交换基础设施
concept
Merchant Political-Power Conversion / 巨商的财富—权力转换
concept
Merit, Excellence, and Intelligence
concept
Middle-Class Consumption Pressure
concept
Middle-Income Trap
concept
Milestone Commercialization
concept
Mimetic Competition Avoidance
concept
Minimalist Entrepreneurship
concept
Missing Middle
concept
Mission Driven Customer Education
concept
Mission-Aligned Rescue Capital
concept
Mission-Focused Company
concept
Model Routing Cost Control
concept
Modern Boundary Hardening / 现代边界硬化
concept
Modernization As Compound Growth / 复合增长式现代化
concept
Monetary Policy Lag
concept
Money As Flow / 货币是流量
concept
Money Illusion / 货币错觉
concept
Money Laundering Stages
concept
Moon-Mars Strategy Split
concept
Moore's Law
concept
Moral Hazard Contagion Tradeoff
concept
Morning Market Urbanism / 早市城市主义
concept
Mortality Risk Pricing
concept
Mortgage Approval
concept
Motivation Crowding Out / 动机挤出
concept
Multi-Fiber Arrangement
concept
Multi-Strategy Allocation
concept
Multiple Equilibria
concept
MVP Investment Framework / 宏观-估值-政策框架
concept
National Export Branding
concept
Nazi Rearmament War Economy
concept
Need-Driven Startup Ideas
concept
Negative Cash Conversion Cycle
concept
Negative Job Amenities
concept
Negative Real Estate / 负动产
concept
Netscape Platform Ecosystem
concept
Networked Movement Identity
concept
New Order Asset Pricing
concept
NISA
concept
No-Prediction Trading
concept
Non-GAAP Earnings
concept
Non-Market Environmental Valuation
concept
Nonprofit Startup Discipline
concept
Objective Hiring Assessment
concept
Objectivism / 客观主义
concept
Odds-Driven Startup Narrative / 优化赔率
concept
Official Statistics Credibility
concept
Oil Producer Supply Coordination
concept
Old Masters Market Revival
concept
One-Person Company
concept
One-Person Fund
concept
Online Gold Accumulation
concept
Open Source Startup Cost Collapse
concept
Open Source Wedge
concept
OpenAI Compute Strategy
concept
Operational Pain Founder Insight
concept
Opportunity Cost
concept
Option Contract Mechanics
concept
Option Pool Recapture Incentive / 期权池回收激励
concept
Option Premium Pricing
concept
Option Selling Discipline
concept
Orbital Data Center Economics
concept
Ordinary Investor Macro Boundary
concept
Organizational Secrecy As Control
concept
Organized Angel Investor Networks
concept
Outbound Profit Transmission Mechanism / 出海收益传导机制
concept
Outcome Accelerators
concept
Outlier-Driven Angel Investing
concept
Padel Court Economics
concept
Paper Wealth Vs Cash Value
concept
Pass-Through Business Tax Advantage
concept
Passive Investing
concept
Passive Investing Governance
concept
Path Dependence
concept
Path To Profitability
concept
Payment Clearing Network / 支付清算网络
concept
Payment Infrastructure Trade Dispute
concept
Payments Infrastructure Pivot
concept
Payroll Infrastructure Trust
concept
Peak-Valley AI Inference Pricing
concept
Penny Stock Boiler Room Fraud
concept
People Versus Places Recovery
concept
People-First Economic Statecraft / 富民优先的经济治国
concept
Permanent Capital Compounding
concept
Permissionless AI Innovation
concept
Permitting Delay Cost
concept
Personal Capital Duration Advantage / 个人资金期限优势
concept
Personal Credit Record
concept
Personal Pension Account / 个人养老金账户
concept
Phoenician Mediterranean Networks / 腓尼基地中海网络
concept
Pig Butchering Scam
concept
Platform Subsidy Scale Economics / 平台补贴规模经济
concept
Platform-Pipeline Biotech Strategy
concept
Policy Ambiguity As Market Tool
concept
Policy Announcement Trading Risk
concept
Policy-Driven Market Rally
concept
Political Influence Monetization
concept
Political Information Latency
concept
Political Meme Stock
concept
Political Regulatory Leverage
concept
Pollination Service Market
concept
Ponzi Scheme
concept
Pop-to-Album-Rock Transition
concept
Port Enabled Manufacturing City / 港口型制造城市
concept
Portfolio Suitability
concept
Portuguese Crusading-Commercial Expansion
concept
Portuguese Fortified Maritime Network
concept
Position Sizing
concept
Positive Externality
concept
Postwar Imperial Fiscal-Security Bind
concept
Postwar Keynesian Retreat
concept
Postwar Reconstruction Finance
concept
Power Scarcity Infrastructure Investing
concept
Pre-British Australian Contact
concept
Precision Manufacturing As Strategy
concept
Prediction Market Ethics
concept
Prediction Market History
concept
Premature Ecosystem Build
concept
Preventive Care Cost-Savings Uncertainty / 预防医疗控费不确定性
concept
Price Elasticity / 价格弹性
concept
Price War Growth
concept
Price-Signal Resource Steering / 价格信号调控物流
concept
Prime Borrower Credit Risk
concept
Private Capital Defense Prime
concept
Private Credit Market / 私募信贷市场
concept
Private Credit Tail Risk / 私募信贷尾部风险
concept
Private Equity In Sports Ownership
concept
Private Interest As Public Use / 私利转公功
concept
Private Winner Hold Discipline
concept
Private-Company Secondaries
concept
Private-Market Bubble Opacity
concept
Problem Industrialization
concept
Product Launch Under Constraint
concept
Product Variable Judgment
concept
Production Investment City / 产投城市
concept
Productive Bubble Spillovers
concept
Profit And Cash Flow Quality
concept
Property Rights As Investment Incentive
concept
Prosperity Investing Trap / 景气度投资陷阱
concept
Protected Domestic-Market Industrialization
concept
Protective Collar Strategy
concept
Psychedelic Identity Disruption
concept
Public Company Transition
concept
Public Crypto Investment Risk
concept
Public Fundraising Pitch
concept
Public Market Communication
concept
Public Mutual Fund Ecosystem / 公募基金生态
concept
Public-Benefit Private Value Capture
concept
Public-Private Market Discipline
concept
Publishing Auction Design
concept
Pyramiding
concept
QDII Allocation
concept
Qiaopi Remittance Networks
concept
Qixi Cross-Cultural Transmission
concept
Quality Value Investing
concept
Quantitative Data Moat
concept
Quantitative FOF Allocation / 量化 FOF 配置
concept
Quantitative Investing
concept
Quantitative Overfitting
concept
Random Market Narratives
concept
Randomized Controlled Trials
concept
Rare Earth Export Leverage
concept
Reaganomics Political Economy
concept
Real Estate Investment Trust
concept
Receivables Risk
concept
Reciprocal Tariff Formula
concept
Recruiting Supply Strategy
concept
Recursive Expert Recruiting
concept
Regional Labor Market Scarring
concept
Regulated Enterprise AI Deployment / 受监管企业AI部署
concept
Regulated Fintech Capital Pressure
concept
Regulated Workflow Wedge
concept
Rejection Tolerance Practice
concept
Relationship-Led Sales
concept
Relentlessly Resourceful Founder
concept
Republican China Banking System
concept
Research Index Portfolio Construction / 投研指数化
concept
Research Report Reading Discipline
concept
Resource Network Repricing / 资源网络重估
concept
Restaurant Operational Fragility
concept
Restricted Stock Units / RSU
concept
Retail Bull Market Psychology
concept
Retail Inventory Velocity
concept
Retail Investor Crowding
concept
Retirement Cash-Flow Security
concept
Return On Equity Analysis
concept
Reusable Rocket Economics
concept
Reusable Rocket Turnaround
concept
Revenue Before Cost Optimization
concept
Risk Parity
concept
Risk Perception
concept
Risk-Budgeted Absolute Return / 风险预算绝对收益
concept
Risk-Cost Separation / 风险与成本分离
concept
Robo-Advisor Hybrid Service / 人机结合投顾
concept
Robot Commercialization Negative Feedback Loop
concept
Robot Deployment Success Economics
concept
Robotics Revenue Pull-Forward
concept
Rolling Holding-Period Experience / 滚动持有期体验
concept
Roman Informal Imperial Control
concept
Rumination Vs Reflection
concept
SaaS Capital Structure Reset
concept
Sacral Kingship and Political Control
concept
Sakoku Dutch Window
concept
Sales As Learnable Skill
concept
Salmon Sushi Market Creation
concept
Salt Permit License Crisis
concept
Sanctions Overcompliance
concept
Sand Scarcity
concept
Scalable Core Before Expansion
concept
Scaling Broken Product
concept
Seasonal Inventory Financing
concept
SEC-CFTC Coordination
concept
Second-Stage Reuse Constraint
concept
Second-Time Founder Operating Judgment
concept
Secondhand Game Economy
concept
Section 122 Tariff Authority
concept
Self-Commodification Through Work / 劳动中的自我商品化
concept
Self-Disruption Discipline
concept
Sell-Side Research Incentives
concept
Semiconductor Index Concentration
concept
Shanghai Foreign Banks
concept
Shanxi Piaohao
concept
Short Drama Economics
concept
Short Selling
concept
Short-Form Business-Tech Audio / 短时长商业科技音频
concept
Short-Term Statistical Arbitrage
concept
Shrouded Job Attributes
concept
Siege Economy Strategy
concept
Signal Design / 信号设计
concept
Silver Dollar Credit
concept
Single-Product National Champion Dependence
concept
Single-Stock Leveraged ETF / 个股杠杆 ETF
concept
Sleep As Resistance / 睡眠作为抵抗
concept
Sleep-Well Portfolio Test / 睡眠理论
concept
Small Business Financing Gap
concept
Small Open Economy Vulnerability
concept
Small-Batch Beverage Market Entry
concept
Social Engineering Fraud
concept
Social Imitation in Market Bubbles
concept
Social Media Cost of Capital
concept
Soft-Budget Football Clubs
concept
Software Creation Barbell
concept
South Florida Tech Migration
concept
Space Resource Extraction
concept
SpaceX Mafia
concept
Spanish Imperial Monopoly Vulnerability
concept
Speculative Bubble Psychology
concept
Sports Betting as Investment
concept
Sports Capital Cannot Buy Legitimacy
concept
Sports Mega-Event Welfare Accounting
concept
Sportswear Inventory Cycle
concept
Spouse Co-Founder Dynamics
concept
Stablecoins
concept
Stage-Appropriate Hiring
concept
Stagflation Risk Repricing / 滞胀风险重估
concept
Stakeholder Capitalism
concept
Stakeholder-First Compounding
concept
Stanford Startup Sourcing
concept
Startup Community Forum Burden
concept
Startup Community Infrastructure
concept
Startup Ecosystem Optimism
concept
Startup Essay Distribution
concept
Startup High-Beta Bet
concept
Startup Information Layer
concept
Startup Legitimacy Transfer
concept
Startup Payroll Systemic Risk
concept
Startup Pitch Compression
concept
Startup Runway Discipline
concept
Startup Timing Windows
concept
State Resource Monopoly / 资源垄断式国家统制
concept
State-Mediated Remittance System / 国家中介汇款体系
concept
State-Owned Enterprise Social Value
concept
Stated-Revealed Preference Gap
concept
Statistical Bubble Indicators
concept
Stock Picking
concept
Stock Tip Group Risk
concept
Stop-Loss Discipline
concept
Storage Industry Cyclicality
concept
Strategic Access Without Annexation
concept
Strategic Acquirer Fit
concept
Strategic Border-Corridor Dependence
concept
Strategic Focus Under Incumbent Pressure
concept
Strategic Generation
concept
Strategic Gold Allocation / 黄金战略底仓
concept
Strategic Industrial Policy
concept
Strategic Must-Work Product Bet
concept
Structure Over Prediction / 结构优先于预测
concept
Structured Fund Downward Conversion / 分级基金下折
concept
Structured Fund Pair Conversion / 分级基金配对转换
concept
Subjective Value
concept
Subprime Auto Lending
concept
Subscription Lines / 基金认缴信用额度
concept
Succession as Continuous Entrepreneurship / 接班即持续创业
concept
Super-Creator Portfolio Model / 超级创作者组合模型
concept
Supersonic Regulatory Speed Limit
concept
Supplier Financing
concept
Supplier-Financed Inventory
concept
Supply Chain Sovereignty
concept
Supply Contraction Rebound / 供给出清反弹
concept
Sustainable Business Over Scale
concept
Swing Producer Role
concept
Sync Reliability As UX
concept
Synthetic Risk Transfer / SRT
concept
Systemic Risk Exception
concept
Tail-Risk Hedging
concept
Target Weight Discipline / 目标权重纪律
concept
Target-Date Fund / 目标日期基金
concept
Tariff Compliance Test
concept
Tariff Consumer Price Pass-Through
concept
Tariff Exemption Pressure Valve
concept
Tariff Refund Claims Market
concept
Tariff Refund Uncertainty
concept
Tariff-Driven Overseas Local Production / 关税驱动的海外本地生产
concept
Tax Base Over Resource Monopoly / 税基优先于资源独占
concept
Tax Treaty Arbitrage
concept
Tea Market Authenticity / 茶叶市场真实性
concept
Tech Bubble Conditions
concept
Tech-Culture Biohacking
concept
Technical Ambition Customer Mismatch
concept
Technical Analysis Limits
concept
Technical Demo Retention Gap
concept
Technology Profit Lag
concept
Technology Reset Rebuild
concept
Technology-Company Performance Gap
concept
Tender Offer Media Campaign / 收购要约媒体战
concept
Terminal Value Narrative / 终局空间叙事
concept
Thatcherite Moral-Market Politics
concept
The Market For Lemons
concept
Theoretical Operating Standard / 理论上该有的样子
concept
Third-Party AI Vendor Oversight
concept
Third-Party Wealth Platform Risk
concept
Three-Non Venture Theory / 三非理论
concept
Token Efficient Agent Workflow
concept
Token Factory AI Infrastructure
concept
Token Maxxing
concept
Token Revenue Buyback Model
concept
Token Tax On AI
concept
Tokugawa Foreign-Trade Ambivalence
concept
Touristification of Everyday Markets / 日常市场游客化
concept
Trade Adjustment Assistance
concept
Trade Deal Capital Structure
concept
Trade Deficit Ownership Frame
concept
Trade Diversification Stability Paradox
concept
Trade Reciprocity Protectionism
concept
Trade Show Booth Sharing
concept
Trade-Hub Statecraft / 商贸枢纽型治国
concept
Trading Company Investment Model
concept
Tragedy of the Commons
concept
Translation Labor Incentives / 翻译劳动激励
concept
Treasury Bond Speculation
concept
Treasury Demand Substitution
concept
Treasury Duration Risk
concept
Trend Following
concept
Trump Accounts
concept
Trump Victory-Narrative Deal-Making
concept
Trust-Heavy Infrastructure Sales
concept
Trust-Sensitive SaaS Switching
concept
U.S. 2025 Expectation Gaps
concept
U.S. Economic Experience Split
concept
U.S. Mega-Cap Tech Right-Side Trade
concept
U.S. Recession Risk
concept
U.S.-China AI Macro Asymmetry / 中美AI宏观不对称
concept
U.S.-China Strategic Stalemate
concept
UK Social Contract in the 1970s
concept
UK Three-Day Week of 1974
concept
Uncertain-Era Optionality / 乱纪元选择权
concept
Underground Money Transfer Risk
concept
Unicorn Economy
concept
Unitree IPO Valuation / 宇树上市估值
concept
Universal Equity Ownership
concept
Universal High Income
concept
Urban Crisis Feedback Loop
concept
User-Generated Content Copyright Risk
concept
Value Investing
concept
Value Trap
concept
Values-Based AI Governance
concept
Venture Computer-Science Edge
concept
Venture Debt Operational Risk
concept
Venture Fund Size Discipline
concept
Venture Syndicate Orchestration
concept
Vertical Agent SaaSification
concept
Vertical SaaS Domain Expertise
concept
Viatical Settlement
concept
Viewpoint Debanking
concept
Viking Eastern Routes
concept
Virtual Asset AML Risk
concept
Vision-to-Reality Execution
concept
Volatility Decay / 波动率损耗
concept
Waitlist Invitation Growth
concept
Wall Street Private Mortgage Capital
concept
War Spillover Hub Opportunity
concept
Water Market Design
concept
Water Rights Trading
concept
Weak Institutions Market Building / 弱制度启动市场
concept
Wealth As Capability And Rights / 财富作为能力与权利
concept
Wealth-Management Fund Pool Risk / 银行理财资金池风险
concept
Western China Misreading / 西方对中国的误读
concept
Win-Rate Startup Strategy / 优化胜率
concept
Wine Trade Civilization Network
concept
Winner's Curse
concept
Women's Health Diagnostic Gap
concept
Women-Owned Clinic Capital Gap
concept
Workplace Incentive Design
concept
YC Growth Flywheel
concept
Yen Carry Trade
concept
Yield Curve Inversion
concept
Youth Entrepreneurship
concept
Yuan Blue-and-White Porcelain / 元青花
concept
Zero-Sum Bias / 零和偏误
concept
Zou Xikou Migration
concept
中国足球财务纪律 / Chinese Football Financial Discipline
concept
五铢钱中央统一铸造 / Centralized Wuzhu Coinage
concept
五铢钱恢复 / Wuzhu Coin Restoration
concept
县域产业危机升级 / County-Industry Crisis Upgrade
concept
商人定气功夫 / Merchant Composure Discipline
concept
商品踪迹式路线推断 / Commodity-Trace Route Inference
concept
奢侈品身份信号效率 / Luxury Status Signal Efficiency
concept
官营商业垄断式汲取 / State Commercial Monopoly Extraction
concept
宫市游乐式权力错位 / Palace Market Theater
concept
征发信号价格垄断 / Procurement Signal Price Cornering
concept
护乌桓校尉制度化 / Wuhuan Protectorate Institutionalization
concept
求财先明道 / Wealth Through Dao Frame
concept
皇室财政弹性 / Imperial Fiscal Elasticity
concept

Entities

Source Notes

1 人公司，扛 5 个人的活，还要管 50 个 Agents？｜S10E18
source note
10 Years of How I Built This: A Decade of Innovation, Risk and Reinvention
source note
12 Days: Port wine and Darwin sets sail
source note
129.货币的本质，以及黄金的真正价值 | 串台十分吸引
source note
130. 谁才是生物医药行业发展的核心驱动力？兼谈创新药产业链的角色分工
source note
132. 对星海图创始人高继扬的3小时访谈：鲶鱼、曾国藩、Waymo与Momenta的两面、一只狼与许华哲的离开
source note
133. 对谢赛宁的7小时马拉松访谈：世界模型、逃出硅谷、AMI Labs、两次拒绝Ilya、杨立昆、李飞飞和42
source note
133.全球宏观和资本市场2025年中盘点：中国的三个温差和美国的三个预期差
source note
134. 投资大师系列先导篇：“他们不只赚了很多钱，更创造了理解世界的方法”
source note
135.宏观大事频发期如何保持定力？| 投资账2025半年度复盘
source note
136.银行理财还能怎么买？
source note
139. 泡泡玛特和拼多多值得投资么？
source note
141. Freda的投资札记第2集：Tokenmaxxing、把电机塞进蒸汽机、接力赛变篮球赛、孤独、人的连接
source note
141.加更：因为播客，我受邀去哥伦比亚大学做访问学者了
source note
142. 雨森的创投观察第2集：Harness、下一个字节、2026大机会和Stanley Druckenmiller
source note
143.如何判断一段行情是回调还是结束？| 三季度投资账复盘
source note
145.基金投顾值得信任吗？
source note
146.美国经济这么差，美股还能继续涨吗 | 串台《美轮美换》
source note
148. The Vikings Go East
source note
151.私募信贷Private Credit：加速AI建设的“天使”，还是诱发金融危机的“恶魔”？
source note
152.关于2026年的四个猜想
source note
153.全球宏观和资本市场2026展望：大年之后，仍是大年？
source note
154.四十岁感言：不做那只温水里的青蛙
source note
155.如何理解黄金的史诗级波动
source note
155.美貌能当饭吃吗?想赚钱该做点啥?拮据时应避免什么行为?经济学思维有什么用？
source note
156.生物医药的2026：当市场不再为BD躁动，中国药企的星辰大海才刚刚展开
source note
157.如何带走牛市的胜利果实？
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158. 播客里聊了四年的资产配置，我把它做成了一本《行动指南》
source note
160.如何应对中国资产牛市的“调整期”｜新书分享会成都场实录
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161. 全球宏观和资本市场2026一季度复盘与展望
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162.财富的本质，以及自由的真正含义｜串台十分吸引
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163.当孤注一掷的年轻人遇上这个草台班子的世界｜串台轻刀快马
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166.普通人能从机构投资者身上学到什么？｜串台投资ABC
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169.如果你18岁，正考虑未来把金融当职业｜高考季特别策划
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170.《1929》的泡沫之夏：三个代表人物，和他们在当下周期的影子
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171.为什么牛市后期更容易亏钱？｜半年度投资账复盘
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172.全球宏观和资本市场2026半年度复盘与展望：AI叙事的下一步
source note
173.当缅怀高善文博士时，我们究竟在怀念什么？
source note
173: 对话姚颂：深鉴、东方空间、再出发，「天才少年」十年后
source note
175.公募基金二季报：极致的抱团与割裂之后
source note
175: 对话Liblib陈冕：关于活下来，以及所有接近死亡的时刻
source note
176.纽约一年：一个悲观主义者的活法｜725沙龙实录
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180.当一个把所有钱都放活期存款的理财恐惧者开始考虑资产配置｜串台日谈公园
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180: 具身智能的金钱游戏：进展难测、收入催熟与 IPO 竞速
source note
181.这轮规模空前的中国制造业出海背后｜线下活动实录
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182.全球宏观和资本市场2026三季度复盘与展望：多重囚徒困境
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182: 对话梁琛奇：抖音、猫箱、创业，「他们都搞生产力，我想用 AI 创造开心」
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184.这轮加息周期我做的一个重大投资决策｜三季度投资账复盘
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22.足球经济学：读者不必是球迷
source note
351: Amsterdam: Miracles, Money, and Mud (Part 1)
source note
417. Britain in 1974: State of Emergency (Part 1)
source note
419. Britain in 1974: Countdown to a Coup (Part 3)
source note
420. Britain in 1974: Thatcher Enters the Ring (Part 4)
source note
61.自从拥有经济学的思维方式，人生都变简单了！
source note
663. Britain in the 70s: The Brexit That Never Was (Part 2)
source note
664. Britain in the 70s: Scandal in Downing Street (Part 3)
source note
665. Britain in the 70s: The Bailout from Hell (Part 4)
source note
7000 亿美元砸向 AI：这是下一代互联网，还是泡沫重演？ | S10E12
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79.各位领导，但凡咱学点博弈论：契约理论如何解释职场管理
source note
Adora Cheung on Homejoy, YC, Vote-by-Mail, and Instalab
source note
AI debt is flooding the bond market
source note
AI in banking: the good, the bad, and the efficient
source note
AI 发展了 4 年，把应用发展没了？｜AI 年中复盘
source note
AI 时代，我们到底该学什么？｜对谈于红：三种不会过时的能力
source note
Airbnb Part Two: Brian Chesky on YC Discipline, COVID, and Staying Founder-Led
source note
Alexandr Wang on Scale and AI Data Infrastructure
source note
All-In's 2026 Predictions
source note
All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live
source note
Anthropic's $2T IPO, Zuck's AI Manifesto, Nvidia's $500B AI Bet, Grok's Comeback
source note
Anthropic's $30B Ramp, Mythos Doomsday, OpenClaw Ankled, Iran War Ceasefire, Israel's Influence
source note
Anthropic's Fable Backlash, Nationalizing AI, Inflation Heats Up & California's Broken Elections
source note
Anthropic's Generational Run, OpenAI Panics, AI Moats, Meta Loses Lawsuits
source note
A股的春夏秋冬：种树、种粮、种菜
source note
Before Kalshi and Polymarket there was the Iowa Electronic Markets
source note
Big meet, little meat: the Trump-Xi summit
source note
Bill Ackman: Investment Strategy, What the Market is Missing, How AI Breaks Businesses
source note
Bill Clerico on WePay, YC, and Fire Tech
source note
Bill Maris: How Google Could Crush AI Competitors, Why Small Funds Win, and AI's Atari Stage
source note
Blake Scholl, Founder & CEO of Boom Supersonic
source note
Brad Gerstner: No AI Bubble, Semis Eat the Nasdaq & AI's Take Off Problem
source note
Brian Armstrong on Coinbase's Origin, Crypto Regulation, FTX, and Founder Resilience
source note
Brian Chesky on Airbnb's Origins, YC, and Reconnecting People
source note
Bytes: Week in Review - Are we in an AI bubble?
source note
Centre punch: Germany’s state-election shocker
source note
Chainsaw sputtering: Milei's experiment falters
source note
Charles Ponzi's scheme (plus a new scam)
source note
Chip Stocks Crash, $20B Fund Margin Called, Frontier Labs: SLOW DOWN AI, Mamdani's Grocery Stores
source note
Christina Cacioppo on Vanta, Coding, and Compliance Automation
source note
Cockroaches 1, Modi 0: India’s remarkable protests
source note
Currency Chaos in Argentina (Summer School)
source note
Dan Dreyfus: America's Critical Minerals Crisis is Here
source note
Dan Loeb: The Lost Art of Short Selling, and Why Stock Picking is Back
source note
Dan Siroker on Optimizely, Rewind, and Limitless AI
source note
Daniel Ek: Life After Spotify, Broken Healthcare Incentives, Catching Disease Early & AI's Potential
source note
David Kirtley, Founder & CEO of Helion Energy
source note
David Lieb on Bump, Google Photos, and Returning to YC
source note
David Rusenko on Weebly, Capital Efficiency, and Climate Tech
source note
Dimitri Dadiomov on Modern Treasury and Financial Plumbing
source note
Don't hate the replicator, hate the game
source note
Drew Houston on Dropbox: Origin, Survival, and Reinvention
source note
E144.交易的艺术：不预测，统计优势，分散红利，随机波动
source note
E145.上钟了！4000点之上的心理按摩
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E153.股神的牌局：复利公式 + 凯利公式
source note
E155.似乎没什么人再提「AI 泡沫论」了
source note
E158.资产配置与有效前沿：去找更好的，更不一样的，更贴近时代的
source note
E159.港股的特殊之处与生存之道
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E160.一个价值投资者的 20 年回顾：求积分，求胜率，求时间
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E162.康波周期中的AI：新技术总在萧条期爆发，bad times make good people
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E243｜特朗普“缓刑”红牌之外，美国资本如何硬控全球足坛
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E43 张潇雨、孟岩对话许哲：没有更好的生活
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E44 李晓波对话孟岩：这次，就这样吧？
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E45 孟岩对话李继刚：人何以自处
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Eddy Lu on GOAT, Grub With Us, and Marketplace Friction
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Edith Elliott on Noora Health, Caregivers, and Trust-Based Philanthropy
source note
Elbows up, again: a US-Canada trade flare-up
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Elon's Anthropic Deal, The Next AI Monopoly?, "FDA for AI" Panic, Trading the AI Boom
source note
Emmett Shear on YC, Kiko, Justin.tv, Twitch, and Founder Resilience
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Ep 57. 两个世界的碰撞：传统企业眼中的 AI 革命
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EP101 对话 Simon：AI 创业者的第一项基本功是把账算明白
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EP108 Vibe Coding大地震：Cursor定价争议、Windsurf收购风波，模型厂商亲儿子们又将如何进场？
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EP119 对话刘可凡：用 try-catch-finally，给独立做产品的内耗写个处理流程 🐛
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EP18 都是黄泉预约客，保险买对心安乐
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EP21 谁在狱中？谁在巅峰？周期中的一粒灰，金融人的喜与悲
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EP22 夜袭银行，成功概率几何？
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EP23 民国金融往事：《追风者》背后的天才少年与银行体系
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EP239 和大咖聊聊：金价又双叒叕飙了，普通人还能上车吗？
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EP24 房贷车贷消费贷，贷贷为奴，代代还
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EP25 中资外资哪家强：“一劳永逸”找“钱粮”（下）
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EP26 想做人上之人，却困在《城中之城》
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EP268 毛冬x唐唐：大黄，你到底咋了！上蹿下跳的黄金和那些绝不下车的人
source note
EP28 百年金融诈骗史：阶级跨越与锒铛入狱的距离
source note
EP35 降薪不降质？中产阶级最后的倔强
source note
EP38 风满楼！全球资本市场巨幅动荡，腥风血雨时刻近在咫尺
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EP39 风满楼下集：全球衰退慢慢逼近，严防死守步步为营！漫聊下半年美股、美债、汇率
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EP44 摸摸口袋，里面的钱居然是脏的？
source note
EP46 历次牛市众生相：措手不及的幸福能持续多久？
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EP57 美股动荡，东升西降？这回是走是留
source note
EP58 业绩平平，也要认真"摸鱼"
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EP64 投资路上踩坑无数，如今的我刀枪不入
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EP69 AI时代来临，投资不再是单机模式
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EP76 穿越1940：我与股票大作手利弗莫尔的最后对话
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EP77 四十万年薪，副业赚了三十四亿，特朗普教你如何搞钱
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EP80 与查理·芒格的跨时空对话：当眼睛失明时，我们看见什么？
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EP86 面子、底子、日子：财报只讲这三件事
source note
EP88 穿越量化之父西蒙斯：AI会让普通人更容易赚钱，还是更难？
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EP89 海外券商大地震，跨境投资新时代
source note
EP90 从美加墨世界杯看懂期权—华尔街的终极武器
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EP93 眼见恒大起高楼，转眼首富入高墙
source note
EP94 穿越周金涛：人生发财靠康波，守住家底靠少错
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Episode 21: 抗压、应变与终生动力：CZ 的人事和天命
source note
Eric Migicovsky on Pebble, Kickstarter, and Building for Yourself
source note
Far Crimea: war comes to Russia's door
source note
Founder Mode: Andy Lapsa, Founder & CEO, Stoke Space
source note
Founder Mode: Brian Chesky, Founder & CEO, Airbnb
source note
Founder Mode: Chris Best, Founder & CEO, Substack
source note
Founder Mode: Christina Cacioppo, Founder & CEO, Vanta
source note
Founder Mode: Emmett Shear, Founder, Softmax & Twitch
source note
Founder Mode: Garry Tan, President & CEO, Y Combinator
source note
Founder Mode: Jake Heller, Founder & CEO, Casetext
source note
Founder Mode: Jen Herbach, Founder & CEO, Adventris Pharmaceuticals
source note
Founder Mode: Kashish Gupta, Founder and co-CEO of Hightouch
source note
Founder Mode: Paul Graham, Founder, Y Combinator
source note
Founder Mode: Paul Gross, Founder & CEO of Remora Carbon
source note
Founder Mode: Sajith Wickramasekara, Founder & CEO, Benchling
source note
Garry Tan on Returning to Y Combinator
source note
Gilets jeunes? France’s school protests
source note
Google's AI Brain Drain, SpaceX's Huge Quarter, Airtable's 90% Collapse, US Data Fuels China AI
source note
GPT-6 Hits AGI? Tech Euphoria 2.0, SF Mansion Shortage, NYC Bans AI in Schools & Venezuela Oil Deal
source note
Gusto Co-Founders: Josh Reeves, Edward Kim & Tomer London
source note
Hard cedar: Lebanon seeks Trump's help
source note
Harj Taggar on Y Combinator, Triplebyte, and Hiring Judgment
source note
Harnessing Passion, Drive & Persistence for Lifelong Success | Tony Hawk
source note
How confident are crypto consumers?
source note
How investing is getting riskier (Two Indicators)
source note
How to beat the resource curse in Norway (Summer School)
source note
Howard Lutnick: How America Can Hit 6% GDP Growth in 2026
source note
In arms’ way: Gaza-deal sticking points
source note
Indicators of 2025 and What to Watch in 2026
source note
Inside the Private Stock Market Boom: SpaceX, Anthropic, OpenAI & the Rise of Secondaries
source note
Iran's cyberwar on American banks
source note
Iran, protests, and sanctions
source note
Is our national debt finally too much? (update)
source note
Jared Friedman, Partner, Y Combinator; Co-founder, Scribd
source note
John Coogan on Soylent, Lucy, Founders Fund, and TBPN
source note
Justin Kan on the First YC Batch, Justin.tv, Twitch, and Intrinsic Motivation
source note
Keep qualms and carry on: a decade after Brexit
source note
Kyle Vogt on Justin.tv, Twitch, Cruise, and Choosing Hard Problems
source note
Mark Cuban on the AI Bubble: Who Actually Gets Wiped Out?
source note
Meta and Microsoft report different AI earnings
source note
Meta's new Muse AI agent gives investors the warm-'n-fuzzies
source note
Middlegarchs are the new Oligarchs
source note
More Trillion Dollar IPOs, Anthropic $3T, Zuck's Price War, China Ends Open Source?, Trump Accounts
source note
No.209 晋商往事：走西口到乔家大院然后煤了
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No.220 互联网系列大结局：贾公下周回国日，乐视宏图未倒时｜中国互联网故事 29
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No.222 程泓宁：从庙堂之上的投资人，到在真实的泥地里打滚
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OPC 的真正难题，是 AI 还没学会替你把东西卖出去
source note
OpenAI CFO Sarah Friar: IPO, AI Rivalries, New Device, and Spending $100B+ on Compute
source note
OpenAI's Identity Crisis, Datacenter Wars, Market Up on Iran News, Mamdani's First Tax, Swalwell Out
source note
Our mission: Find the world's best economic ideas (Summer School World Tour)
source note
Outsider chance: ending Sudan's proxy war
source note
Parker Conrad on Zenefits, Rippling, and Building Through Crisis
source note
Patrick and John Collison on Stripe's Origins, Developer Products, and Long-Term Ambition
source note
Paul Buchheit on Gmail, Google, FriendFeed, and Startup Judgment
source note
Paul Graham on Y Combinator's Growth, Myths, and the AI Era
source note
Peter Reinhardt on Segment's Pivots and Charm Industrial's Carbon Removal
source note
Piles of cash and a town of solutions in Kenya, Nigeria (Summer School)
source note
Replit Co-Founders, Amjad Masad & Haya Odeh
source note
Riding with the repo man (update)
source note
Rise and shine: Warsh's Fed rate test
source note
Ron Conway on Founder Advocacy, Angel Investing, and the Internet's First Wave
source note
Ron Conway on Google's Early History and SV Angel's Role
source note
Ron Conway on Napster, Founder Relationships, and SV Angel's Crisis Work
source note
Ron Conway on National Semiconductor, Altos, and Early Angel Investing
source note
Ron Conway, Founder, SV Angel: Silicon Valley Bank Crisis
source note
Ryan Petersen on Flexport, Global Logistics, and Founder Discipline
source note
Sam Altman on YC, OpenAI, and the Meaning of Formidable
source note
Seven allegedly fake Chanel bags vs The RealReal
source note
So are we in an AI bubble? Here are clues to look for.
source note
Socialists Sweep NYC, China Catches Up in Coding, AI Memory Crunch, Micron's Blowout Quarter
source note
SpaceX's $2T Case, Nvidia's Shock Selloff, America Turns on AI, Trump Pulls AI Order, Bond Crisis?
source note
Spenser Skates, Founder & CEO, Amplitude
source note
Steve Huffman on Reddit's Origin Story, Sale, and Return
source note
Stock options: how to hedge an AI bubble
source note
Surbhi Sarna, Founder of nVision Medical
source note
The case of the missing totem: Aung San Suu Kyi
source note
The continent nobody owns & everyone benefits from (Summer School)
source note
The loan at the heart of a new foreclosure crisis
source note
The secret meeting that launched OPEC
source note
The Silicon Valley hopefuls living in hacker houses
source note
The Supreme Court struck down a bunch of Trump's tariffs. Now what?
source note
There's no business like dough business
source note
Thomas Laffont: The $4T AI IPO Wave, 2026's Unicorn Economy, and the 10X Paradox
source note
Toast: Aman Narang. How a Long Wait for the Dinner Check Launched a $2 Billion Business.
source note
Tom Blomfield on Monzo, YC, and Founder Lessons
source note
Tony Xu on Building DoorDash from a Class Project into a Global Marketplace
source note
Tracy Young on PlanGrid, TigerEye, and Building a Company Deliberately
source note
Trailer ｜叮！下周一早晨，来杯「声动早咖啡」吧！
source note
Trump's Superintelligence Summit, AI Safety Accord, GDP Beats, Midterm Predictions
source note
Vanguard
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vol.101.既安全、收益又高、流动性还好的投资到底存在吗？
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vol.103.文艺复兴科技西蒙斯的封神之路：是量化之王，更是洞察人性的大师
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vol.104.普通人港股完全生存指南 | 串台三点下班
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vol.105.如何判断一个投资组合是否适合自己？
source note
vol.106.迪拜，真的遍地是黄金？
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vol.108.日本五大综合商社：重返舞台中央
source note
vol.109. FOF派VS指数派，关于个人养老金账户该配什么的一场辩论
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vol.110.投资就是对世界观的投票｜《迈出资产配置第一步》完结篇
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Vol.111 关于2025年的四个猜想
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Vol.112 一次非共识的2024反思和2025展望 | 对话蓝小康X牟一凌
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Vol.115 全球宏观和资本市场2025展望：短期问题不解决，就没有中期和长期了
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vol.117.生物医药的2025：抄底中国、研发焦虑和新王继位
source note
vol.119.券商研究报告还值得读吗？
source note
vol.121.从昙花一现的分级基金到风头正劲的杠杆ETF：永远不要低估人性的疯狂
source note
vol.123.特朗普的“对等”关税案：不止是一场大型服从性测试
source note
vol.124.信息过载后如何保持冷静？ | 投资账复盘
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vol.125.日本到底还行不行？ | 串台东亚观察局
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vol.126.公募基金还值得买吗？
source note
vol.128.关税战下一步走向何方？美国人民如何看待特朗普“百日新政”？| 狂喜播客节·对话仲树&Talich
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Vol.266 一次性搞懂ETF
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Vol.269 小历史 | “不要怕，是技术性调整”
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Vol.273 英伟达则兼济天下？
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Vol.274 成为萨洛蒙
source note
Vol.275 澳洲保健品是怎么火起来的？
source note
Wake-up haul: an Ozempic moment for the brain
source note
We almost had a smartphone in the 90s. Why did it fail?
source note
Why Bitcoin falls short as a safe haven in geopolitical turmoil
source note
Why economists got free trade with China so wrong
source note
World's First Trillionaire, Anthropic Fable Banned, The New Oligarchs, Iran Peace Deal
source note
Would you trust an economist with your economy?
source note
Yin Wu on Pulley, Equity, and Founder Resilience
source note
You bet your life insurance
source note
Yuri Sagalov on AeroFS, YC, Angel Investing, and Wayfinder Ventures
source note
《资治通鉴·周纪》75-1丨“穷奢极侈”的祖师爷管仲
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《资治通鉴·周纪》75-2丨“穷奢极侈”的祖师爷管仲
source note
《资治通鉴·周纪》75-3丨古代的经济战争能有多可怕？
source note
《资治通鉴·周纪》75-4丨为什么说管仲才是经济战的鼻祖？
source note
《资治通鉴·汉纪》341-2｜到底多优秀，让张骞成为古代带货第一人
source note
《资治通鉴·汉纪》718丨征侧如何成为史上NO.1的女王？
source note
《资治通鉴·汉纪》927丨做生意的最高境界是什么？
source note
「热爱一个行业15年的理由是什么？」｜对谈汪天凡：我要投真正的快乐、投最纯的愿景、投人性的光辉【公路播客】
source note
【旧番重听】蜜蜂经济学
source note
一个 AI 创始人的虚荣心、装，和愚昧之巅｜对谈 invoko.ai 创始人梦琪
source note
一人公司的另一种可能：AI 负责经营，人类负责热爱｜英文访谈 S10E14
source note
不熄灯 E02：币圈闪崩、美国政府关门、First Brands 破产与娃哈哈风波
source note
于是转身向具身走去｜对话王家伟：24 岁的具身智能首席科学家
source note
别在国内卷了，去美国看看只要产品好就有人付费的市场
source note
咖啡豆｜「和牛自由」成自助餐厅卖点，贵价光环从何而来？
source note
咖啡豆｜从飞机潜艇走进日常生活，钛为什么成了水杯的热门材料？
source note
商业小样48 | 不要在财报中创造指标
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她被骗过、被救过、被捧上神坛过、被疼痛击倒过，决定在AI时代继续冒险｜对谈陈安妮
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对卷卷的3小时访谈：从抖音到AI 3D、创业的过山车、成为制造业OS的野心、基础模型不会吞噬一切！
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探访 Hacker House：硅谷年轻人，正在搬进「AI 创业宿舍」｜ S10E10
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新一代投资者似乎不爱买股票了：逐渐被ETF主导的市场和未来
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期权这张饼，为什么越来越难吃了？
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泡沫的四个必要不充分条件 | 对谈经济学者朱宁教授
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财报的根 + 估值的茎 = 叙事的果实
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零跑汽车朱江明×罗永浩！零跑汽车十年：不会讲故事的人，如何卖成了第一
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