AQR's Objective vs. Subjective Return Expectations - US Equity Outperformance and Guiding Long-Term Investment Strategy - AQR关于客观与主观回报预期的系列研究：解构美股超额表现与长期投资策略的启示
Does past performance or current valuation truly dictate future long-term equity returns, especially for the outperforming United States market?
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Company Events Analysis
Apple's AI Evolution - Navigating Challenges, Strategic Shifts, and Future Directions in Apple Intelligence, Robotics, and Chatbot - Apple的AI演进 - 在Apple Intelligence、机器人与Chatbot领域的挑战、战略转型与未来方向
As its grand AI vision falters amidst internal turmoil and delayed promises, can Apple pivot fast enough to redefine its future in the new era of intelligence?
Macro Topics
The Two-Speed US Market - AI-Driven Growth Masks Underlying Pressures from Soaring Talent and Capital Costs - 双速运行的美股市场：AI驱动的增长掩盖了人才与资本成本飙升的潜在压力
While the AI boom fuels a concentrated market rally, are the escalating costs of talent and capital investment silently eroding the very foundation of future profitability and shareholder returns?
Obsidian Plugin
Marker PDF to MD - Import your PDFs into Obsidian in the right way
Talk to your PDFs in LLM's mother tongue
AI Konwledge Sharing
Research Paper - MIT CSAIL - Beyond Context Limits - Subconscious Threads for Long-Horizon Reasoning - 突破上下文限制与提升长程推理效率：MIT CSAIL 团队的 TIM 与 TIMRUN 系统深度解析
What if the key to breaking an LLM's context limits lies not in remembering more, but in mastering the art of what to forget?
