繼半夏李蓓後，百億私募寧泉道歉、反思！

市場資訊

06/24

　　來源：機構調研記

　　私募魔女堅守內需地產，引發被動減倉！致李蓓的一封信後

　　如今百億私募寧泉的楊東，在中國資管史上也算泰斗級的價投大師，比昨天提的網紅李蓓可高出幾個段位

　　也因行情淨值一般而道歉，反思，並看空AI

　　………………

　　疑問的是：

　　以市值/GDP的這個巴菲特指標來判斷有無泡沫，而巴菲特指標本質是對上市公司未來收入折現後除以當前全社會經濟增加值，這個指標既受折現的預期影響，更受收入分配的影響，似乎一圖勝千言。

　　AI時代此指標還會更高。。。

海量資訊、精準解讀，盡在新浪財經APP

責任編輯：王珂

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src=\"http://n.sinaimg.cn/finance/crawl/729/w550h979/20260624/9125-e21494029ac555ea279a2f618a94d928.jpg\"/><span></span></div>\n<p cms-style=\"font-L\">　　也因行情淨值一般而道歉，反思，並看空AI</p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/562/w550h812/20260624/b056-c9ca165aab5c0bf27b030a9810b6805c.jpg\"/><span></span></div>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/565/w550h815/20260624/4710-393b01ee6780744d20673935f675b8a1.jpg\"/><span></span></div>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/723/w550h973/20260624/7f73-53ba53fe7327cc2143b362f578e272a7.jpg\"/><span></span></div>\n<p cms-style=\"font-L\">　　………………</p>\n<p cms-style=\"font-L\">　　疑問的是：</p>\n<p cms-style=\"font-L\">　　以市值/GDP的這個巴菲特指標來判斷有無泡沫，<font cms-style=\"font-L\">而巴菲特指標本質是對上市公司未來收入折現後除以當前全社會經濟增加值，這個指標既受折現的預期影響，更受收入分配的影響，似乎一圖勝千言。</font></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/80/w550h330/20260624/fe94-a989b2f3fd48e2b9cc4d234a6430ef66.jpg\"/><span></span></div>\n<p cms-style=\"font-L\">　　AI時代此指標還會更高。。。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量資訊、精準解讀，盡在新浪財經APP</div>\n</div>\n<p>責任編輯：王珂 </p>\n</div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.sina.com.cn/roll/2026-06-24/doc-inienawk3190799.shtml\">市場資訊</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0187121727.USD","symbol_name":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) 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