Cognitive Upgrading

  On May 14, 2014, I wrote an article titled "The Future of the Internet: The age of sound and the age of body sensation. In the article, I divided several eras according to the dimension of human-computer interaction, starting from the graphical interface:   First era: Click era.   The second era: The Age of Touch.   The third era: Voice era (Voice era).   The fourth era: Motion era (somatosensory era). It was a prophetic article, because at that time, the third age had not yet arrived, let alone the fourth. With Siri and slightly smart speaker, I thought the third era was about to begin. However, the wheels of history roll forward, and technology always develops beyond our imagination. Looking back now, it was just a prologue, or foreplay. 02   Time passes, and I think the third era is really coming. The opening of this era, thanks to the emergence of advanced technologies such as ChatGPT, marks the arrival of the big model revolution, which will enable u...

     If you're a fan of value investors, Joel Greenblatt's name is familiar. He is a well-known value investor, with an annualized return of 50%(before fees) for 10 years, making him a target for value investors to emulate. His book Stock Genius: Discovering the Secret Hidden Place of Stock Market Profits has convinced many people that they too can be good investors. Many investors will also use his invention of the "magic formula" to carry out stock selection. He is also a professor at Colombia University's business school, teaching investment courses that students flock to. Some of the best students in the class received his investment. He was also the founder of the New York Value Club, which discovered a number of stock pickers. This is the latest interview for Value Allocator. Because the subject is Greenblatt, we can't wait to organize his interview into Chinese as soon as possible for readers. Main points    Asset management is a difficult long-term bus...