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平理解好生意和护城河的重要指标。它不是随意卖高价的能力，而是因为产品差异化、用户信任和长期价值，让企业在合理范围内拥有不被价格战牵着走的能力。",22.5,{"title":150,"slug":151,"description":152,"category":132,"order":153,"type":10,"volume":10,"volumeOrder":10,"chapterOrder":10},"用户体验","yonghutiyan","段永平对用户体验的关注可以追溯到他做小霸王和步步高时期，那时他用\"消费者导向\"来表达类似的理念。2003年北大演讲中他说：\"对于企业来说，最重要的是产品，而产品又必须以消费者为导向，所以最终你要找准消...",23,{"title":155,"slug":156,"description":157,"category":132,"order":158,"type":10,"volume":10,"volumeOrder":10,"chapterOrder":10},"渠道","qudao","段永平对渠道的理解来源于他在步步高建立全国销售网络的实战经验。1999年在人民大学问答中，被问及步步高在管理上有什么特点时，他提到了\"地区唯一代理制\"的渠道管理模式。这是他最早公开谈论渠道策略的记录。",24,{"title":160,"slug":161,"description":162,"category":132,"order":163,"type":10,"volume":10,"volumeOrder":10,"chapterOrder":10},"平台","pingtai","段永平使用\"平台\"概念主要集中在分析苹果公司的商业模式时。最早出现在2011年他写的\"买入苹果思考\"中：",25,{"title":165,"slug":166,"description":167,"category":132,"order":168,"type":10,"volume":10,"volumeOrder":10,"chapterOrder":10},"生态系统","shengtaixitong","段永平使用\"生态系统\"这一概念主要是在分析苹果公司时。最早出现在2012年前后的投资问答中。当一位网友详细描述了苹果设备之间的联动体验（iPhone、iPad、Mac的无缝协作、App 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CEO、理解乔布斯追求、苹果文化与用户体验。",5230,{"title":848,"slug":849,"description":850,"category":753,"order":851,"type":771,"volume":10,"volumeOrder":10,"chapterOrder":10},"马云：段永平为什么一直认为他了不起","person-mayun","整理段永平对马云的评价：理想主义、现实主义、企业文化、勇气、阿里巴巴与保留。",5240,{"title":853,"slug":854,"description":855,"category":753,"order":856,"type":771,"volume":10,"volumeOrder":10,"chapterOrder":10},"丁磊：段永平为什么说他很有悟性","person-dinglei","整理段永平对丁磊的评价：很有悟性、网易、不卖公司、不会干傻事、单纯与现金克制。",5250,{"title":858,"slug":859,"description":860,"category":753,"order":861,"type":771,"volume":10,"volumeOrder":10,"chapterOrder":10},"马化腾：段永平为什么正面评价他","person-mahuateng","整理段永平对马化腾的评价：人不错、年轻、微信、微信支付、腾讯商业模式与长期影响。",5260,{"title":863,"slug":864,"description":865,"category":753,"order":866,"type":771,"volume":10,"volumeOrder":10,"chapterOrder":10},"俞敏洪：段永平为什么说他是条汉子","person-yuminhong","整理段永平对俞敏洪的评价：新东方、面对问题、韧性、好生意人、条汉子与能力边界。",5270,{"title":868,"slug":869,"description":870,"category":753,"order":871,"type":771,"volume":10,"volumeOrder":10,"chapterOrder":10},"季克良：段永平为什么说他对茅台至关重要","person-jikeliang","整理段永平对季克良的评价：茅台质量文化、造钟人、长期工艺、质量坚持与企业传承。",5280,{"title":873,"slug":874,"description":875,"category":753,"order":876,"type":771,"volume":10,"volumeOrder":10,"chapterOrder":10},"黄仁勋：段永平为什么欣赏他","person-huangrenxun","整理段永平对黄仁勋的评价：真诚、有能量、长期方向一致、英伟达、AI 与能力圈边界。",5290,{"title":878,"slug":879,"description":880,"category":753,"order":881,"type":882,"volume":10,"volumeOrder":10,"chapterOrder":10},"段永平高度评价过的公司","topic-highly-rated-companies","按段永平视角整理他高度评价过的公司，并区分高度评价、正面关注、曾评价后修正和仍需观察。",5300,"topic",{"title":884,"slug":885,"description":886,"category":753,"order":887,"type":882,"volume":10,"volumeOrder":10,"chapterOrder":10},"段永平高度评价过的人","topic-highly-rated-people","按段永平视角整理他高度评价过的人：投资大师、企业家、创始人和关键经营者。",5310,{"title":889,"slug":890,"description":891,"category":753,"order":892,"type":882,"volume":10,"volumeOrder":10,"chapterOrder":10},"段永平正在重估的公司","topic-revaluated-companies","整理段永平从看不懂、保留或低估，逐步重新评估的公司案例：泡泡玛特、英伟达、阿里、新东方等。",5320,{"id":894,"title":634,"body":895,"category":416,"chapterOrder":107,"date":10,"description":636,"extension":1500,"meta":1501,"navigation":1502,"order":637,"path":1503,"seo":1504,"seoDescription":636,"seoTitle":1505,"slug":635,"source":10,"sourceDate":10,"sourceUrl":10,"stem":1506,"tags":1507,"type":424,"volume":567,"volumeOrder":20,"__hash__":1510,"_collection":1511},"dao\u002Fdao\u002Fqanda\u002Fwenda-company-energy-industrial.md",{"type":896,"value":897,"toc":1492},"minimark",[898,903,908,917,923,926,931,934,942,945,952,957,962,967,972,980,985,989,992,995,1002,1021,1031,1049,1070,1076,1079,1091,1103,1115,1130,1151,1160,1171,1178,1181,1184,1187,1198,1201,1206,1225,1245,1251,1262,1274,1286,1295,1302,1308,1316,1334,1356,1371,1380,1383,1388,1400,1403,1430,1436,1439,1442,1449,1455,1458,1461,1464,1467,1470,1475,1481,1484],[899,900,902],"h2",{"id":901},"第一节-能源与工业企业","第一节 能源与工业企业",[904,905,907],"h3",{"id":906},"oxy西方石油","OXY（西方石油）",[909,910,911,912,916],"p",{},"网友：如何看待",[913,914,915],"strong",{},"巴菲特","对于OXY的收购？",[909,918,919,922],{},[913,920,921],{},"段永平："," 刚刚查了一下AI才知道发生了什么。我觉得对OXY是好事，可以让OXY更聚焦，债务也降低了很多。（2025-10-02）",[909,924,925],{},"网友：对于长持股，例如OXY，您是否会卖出看涨期权（例如为期一个月，价外10%）的方式来增加收益。",[909,927,928,930],{},[913,929,921],{}," OXY的premium很低，不值得冒险。（2025-10-03）",[909,932,933],{},"网友：请问大道最近有减持或者清仓OXY的计划吗？",[909,935,936,938,939,941],{},[913,937,921],{}," 目前没有任何计划。原计划就是买个“油田”等个10年20年看看会发生什么。不过，如果",[913,940,915],{},"卖OXY我会跟。",[904,943,944],{"id":944},"代工业与光伏",[909,946,947,948,951],{},"网友：段总对",[913,949,950],{},"富士康","有啥看法？",[909,953,954,956],{},[913,955,921],{}," 一直不太喜欢。(2010-05-26)",[909,958,959,961],{},[913,960,921],{}," 老郭虽然在代工业世界顶尖，但对零售业完全没概念。不过，他是有资格尝试的人，不会因此出啥问题。(2011-12-11)",[909,963,964,966],{},[913,965,921],{}," 目前的光伏产业最后就会像加工业，一定是个拼得死去活来的结局。老郭在加工业里属于剩者，或许光伏产业他也有机会？不过，所谓的光伏产业和加工业不一样的地方是，几乎可以肯定加工业会一直以某种形式存在，但光伏产业却可能某天被替代。(2011-12-11)",[909,968,969,971],{},[913,970,921],{}," 所以说国内的晶硅光伏产业很惨啊，更惨的是，这情况啥时候到头呢？(2012-11-17)",[909,973,974,975,979],{},"网友：回头看13年前段总对太阳能光伏",[976,977,64],"a",{"href":978},"\u002Fshangyemoshi","的观点，再看看光伏企业的现状。",[909,981,982,984],{},[913,983,921],{}," 知道什么事情会发生远比知道什么时候会发生要容易得多。（2025-07-31）",[904,986,988],{"id":987},"ge通用电气","GE（通用电气）",[909,990,991],{},"一直说有机会讲几个我自己的例子，但一直不知道该讲哪个好。",[909,993,994],{},"这些年我碰过的股票其实也不少了，有亏的有赚的，就是没有一个从一开始我就100%觉得自己一定能赚大钱的。不管买哪个，都觉得多少心里有些不踏实，呵呵。",[909,996,997,998,1001],{},"想来想去，觉得",[913,999,1000],{},"GE","可能比较有本人特色。",[909,1003,1004,1005,1008,1009,1011,1012,1014,1015,1017,1018,1020],{},"最早开始经营企业的时候，我最喜欢的可能是",[913,1006,1007],{},"松下","。后来慢慢对",[913,1010,1007],{},"有些失望，尤其是去大阪拜访过",[913,1013,1007],{},"总部以后，确实觉得",[913,1016,1007],{},"有些问题，慢慢自己也就不太再提",[913,1019,1007],{},"了。",[909,1022,1023,1024,1026,1027,1030],{},"大概也就是那段时间(应该是去",[913,1025,1007],{},"之前)，我们开始越来越多地反思我们自己，希望能建立和加强我们自己的",[976,1028,129],{"href":1029},"\u002Fqiyewenhua","。那时我好像正在中欧读EMBA，同时还把中欧的一些课引进了公司内部。",[909,1032,1033,1034,1036,1037,1039,1040,1042,1043,1045,1046,1048],{},"在那段时间里给我印象最深的书就是",[913,1035,1000],{},"的上一个CEO韦尔奇写的自传。在那本书里我看到了",[976,1038,129],{"href":1029},"对建立好公司的强大作用，同时对",[913,1041,1000],{}," 强大的",[976,1044,129],{"href":1029},"留下了极为深刻的印象。之后又读了韦尔奇后来写的书《赢》，更进一步了解到他们是怎么建立",[976,1047,129],{"href":1029},"的。",[909,1050,1051,1052,1054,1055,1057,1058,1060,1061,1063,1064,1066,1067,1069],{},"从那个时候起，我还花过不少时间去了解和思考",[913,1053,1000],{},"。去想为什么",[913,1056,1000],{},"会是家百年老店，为什么",[913,1059,1000],{},"的董事会总是能选个好CEO 出来，为什么世界 500强里有170多个CEO来自",[913,1062,1000],{},"，等等。当时我其实就注意过",[913,1065,1000],{},"的股票，觉得",[913,1068,1000],{},"当时的股价并不便宜(好像40美元左右)，也就没再关心它的股价了。",[909,1071,1072,1073,1075],{},"从2008年9月雷曼倒下开始，金融危机的影响越来越大，整个市场风声鹤唳。到11月时我看到市场的恐慌情绪越来越厉害，当时就想，这大概就是",[913,1074,915],{},"讲的人们的“恐惧”要来了，也就是轮到我该“贪婪”的时候了。",[909,1077,1078],{},"开始的时候我并没有特别明确的目标，只是觉得市场上到处都是便宜货，就是不知道哪个安全，好像每个都有很大问题，每个公司都可能要完蛋一样。我当时想得最多的就是如何把手里的所有资源调动起来去抓住这一生难遇一次的机会。",[909,1080,1081,1082,1084,1085,1087,1088,1090],{},"到2月时，",[913,1083,1000],{},"已经向下破了10美元。那时雷曼、AIG、花旗集团等很多和次贷有关的公司都已经破产或到了破产边缘，关于",[913,1086,1000],{},"的负面新闻也越来越多，华尔街上很多人都在说",[913,1089,1000],{},"将会是下一个雷曼。",[909,1092,1093,1094,1096,1097,1099,1100,1102],{},"我知道",[913,1095,1000],{},"过去好的时候每股能有两块多钱利润，就算以后差一点，危机过去后怎么也会有个1.5美元\u002F股以上吧。如果我给他个12到15倍的 P\u002FE，怎么着这也应该是20美元以上的股票。所以，当",[913,1098,1000],{},"到10美元左右时我已经开始着手买一些了，但还没有下大决心买。直到有一天当",[913,1101,1000],{},"跌到9美元左右时，我看到了杰夫·伊梅尔特的一个讲话。",[909,1104,1105,1106,1108,1109,1111,1112,1114],{},"我忘了原话是怎么说的了，大致意思是，他认为",[913,1107,1000],{},"的形象被破坏了，这都是他的错。",[913,1110,1000],{},"将在未来几年调整其业务结构，让财务公司在整个公司中的比例降到30%以下。他还重申",[913,1113,1000],{},"整体是安全健康的等等。",[909,1116,1117,1118,1120,1121,1123,1124,1126,1127,1129],{},"当时有问题的所有公司当中，好像我只见到",[913,1119,1000],{},"出来承认错误并检讨对策，这大概就是",[976,1122,129],{"href":1029},"不同的地方吧？",[913,1125,1000],{},"是个巨大的公司，我也曾试图想看清楚",[913,1128,1000],{},"到底都有哪些业务，也试图想分析清楚他所有的业务模式的优劣，但发现非常难。我能看到一些非常好的模式，同时也能看到一些不太好的模式。",[909,1131,1132,1133,1135,1137,1138,1140,1141,1143,1144,1146,1147,1150],{},"最后让我下决心出重手的决定因素还是我对",[913,1134,1000],{},[976,1136,129],{"href":1029},"的理解。我认为金融危机并不会摧毁",[913,1139,1000],{},"强大的",[976,1142,129],{"href":1029},"，",[913,1145,1000],{},"的问题只是过去的一些策略错误造成的，假以时日一定可以改正。伟大公司的错误往往就是千载难逢的投资机会。(呵呵，有人也把这叫",[976,1148,119],{"href":1149},"\u002Ftouji","。)",[909,1152,1153,1154,1156,1157,1159],{},"想明白以后的事情就简单了，后面的一段时间我几乎每天都在忙着买",[913,1155,1000],{},"，不停地想办法调集资源，从9美元左右买到6美元再买到10美元出头，好像到十二三美元后还买了些(有些钱是后来从别的股票调过来的)。直到",[913,1158,1000],{},"股价比雅虎高以后才停了。当时还曾动过用margin的念头，后来觉得不对的事不做的原则不能破，就算了。",[909,1161,1162,1163,1165,1166,1168,1170],{},"回头来看，去年我买的股票当中",[913,1164,1000],{},"并不是涨幅最大的，但确实是我出手最重、获利最多的且担心最少的股票，其原因只能说是我对",[913,1167,1000],{},[976,1169,129],{"href":1029},"的了解最后帮助我做出了一个很重要的决定。也许就是个运气？",[909,1172,1173,1174,1177],{},"其实当年我买",[913,1175,1176],{},"万科","和创维好像也有类似的感觉。顺便提提创维，因为有博友问起我为什么买创维。创维和我们算是同行了，他们这个公司到底怎么样我们多少还是了解的。由于体制的因素，我个人一直认为创维是中国彩电行业里最健康的企业。虽然当时出了些事，但公司最基本的东西并没有因此改变。",[909,1179,1180],{},"我们买创维时创维的市值好像还不到20亿元(我不太记得了，也有说20出头的)，我怎么想都觉得便宜，就买了。我们是买到差一万股到5%的时候停的，因为再买就要公告了，所以很想在公告前和黄宏生沟通一下，怕人家以为我要去抢人家那一亩三分地，呵呵。结果当时由于不太方便，最后我们就没有再买。一直到前两个礼拜才和黄老板通了个电话，道个谢，问个好啥的。",[909,1182,1183],{},"对创维而言，我并没有一个很清楚的到底值多少钱的概念，对他们现在的业务情况了解得也不细，所以涨上来以后就一直在陆陆续续减持，现在可能还剩不到最高持有量的 20%了。我觉得现在买的人可能比我更清楚创维的价值，后面的钱应该是他们才能赚到的。(2010-03-29)",[909,1185,1186],{},"网友：那文化可以量化吗？",[909,1188,1189,1191,1192],{},[913,1190,921],{}," ",[913,1193,1194,1195,1197],{},"量化的单位可能是年吧，就是说有好的",[976,1196,129],{"href":1029},"的公司活得长的概率要大许多。(2010-05-23)",[909,1199,1200],{},"网友：您认为公司价值会变吗？",[909,1202,1203,1205],{},[913,1204,921],{}," 我个人认为公司的价值是会变的，因为公司是人经营的，而人是会变的，而且环境也一直在变化。不过，不是那种每天都变的速度而已。(2011-01-16)",[909,1207,1208,1209,1211,1212,1215,1216,1218,1219,1221,1222,1224],{},"网友：您觉得",[913,1210,1000],{},"(通用电气)的投资和",[913,1213,1214],{},"苹果","的投资有什么不同吗？我觉得",[913,1217,1000],{},"的投资更像是一次性的利润，而",[913,1220,1214],{},"看上去是那种长坡厚雪型的公司，是不需要卖的。我曾经在A股买过烟蒂，但是发现需要时常关注一些短期的东西，虽然也赚钱了，但投资过程并不省心。现在学乖了，知道",[976,1223,64],{"href":978},"最重要，所以只买好公司了。",[909,1226,1227,1229,1230,1232,1233,1235,1236,1238,1239,1241,1242,1244],{},[913,1228,921],{}," 如果放到今天来看，我大概不会买",[913,1231,1000],{},"，而是应该那个时候就买",[913,1234,1214],{},"。因为回过头来想，我对",[913,1237,1000],{},"的理解并不是很透，但",[913,1240,1214],{},"却是我能真的理解的公司。不过，当时我认为",[913,1243,1000],{},"的文化很好，公司应该可以转危为安的。(2017-05-22)",[909,1246,1247,1248,1250],{},"网友：对现在的",[913,1249,1000],{},"怎么看？",[909,1252,1253,1191,1255,1257,1258,1261],{},[913,1254,921],{},[913,1256,1000],{},"产品太复杂，",[976,1259,82],{"href":1260},"\u002Fxianjinliu","也不好，居然还一直分红，不容易搞懂。虽然现在价钱已经回到我几年前卖掉时的价钱了，我依然不太有兴趣，但作为基本文化不错的一家公司，还是可以关注一下的。(2017-10-22)",[909,1263,1264,1265,1267,1268,1270,1271,1273],{},"最近偶尔有人会问我",[913,1266,1000],{},"掉下来了，是否值得关注。",[913,1269,1000],{},"以前的文化我是喜欢的，前些年我也曾经买过不少",[913,1272,1000],{},"的股票。",[909,1275,1276,1277,1279,1280,1282,1283,1285],{},"后来卖掉",[913,1278,1000],{},"的一个很重要的原因是，有一天我去",[913,1281,1000],{},"的公司主页看了一眼，发现根本找不到我在杰克·韦尔奇书上看到的他对",[913,1284,1000],{},"文化的描述，后来发现当时的CEO 居然有“去韦尔奇化”的倾向，加上这家公司的生意实在是太复杂，所以我就统统卖了。现在价格已经显著低过我当时卖的价格，但我还是没提起兴趣来。(2018-01-20)",[909,1287,1288,1289,1291,1292,1294],{},"网友：",[913,1290,1000],{},"是",[976,1293,129],{"href":1029},"出现了问题？",[909,1296,1297,1191,1299,1301],{},[913,1298,921],{},[913,1300,1000],{},"这些年确实出了问题，CEO出差居然有另一架飞机随行，更恐怖的是CEO居然说不知道，还真没见过这么不靠谱的。(2018-07-01)",[909,1303,1304,1305,1307],{},"网友：杰克·韦尔奇入主",[913,1306,1000],{},"早期做的一些战略主要是聚焦、做减法，但到了晚期，又走回去了。",[909,1309,1310,1312,1313,1315],{},[913,1311,921],{}," 这个我同意。我当时一直都说，从来没见过企业多元化成功的例子，",[913,1314,1000],{},"是个例外。现在看来，时间长了都不行哈。(2018-09-21)",[909,1317,1318,1319,1321,1322,1324,1325,1327,1328,1330,1331,1333],{},"当年我对",[913,1320,1000],{},"的理解可能是错的。因为发现自己一直没能完全看懂。目前",[913,1323,1000],{},"的价钱已经到了我当年买",[913,1326,1000],{},"的价钱，但我没啥兴趣，因为满足不了好的",[976,1329,64],{"href":978},"，我当年卖掉",[913,1332,1000],{},"其实也是这个原因。(2020-07-01)",[909,1335,1336,1000,1339,1000,1345,1355],{},[913,1337,1338],{},"我买",[913,1340,1341,1342,1344],{},"的时候，似乎还没有把",[976,1343,64],{"href":978},"放在第一位。那时候觉得",[913,1346,1347,1348,1350,1351,1354],{},"的",[976,1349,129],{"href":1029},"很好，“世界在变，所有的东西都在变，但",[976,1352,211],{"href":1353},"\u002Fzhengzhi","诚信不变”这句话让我非常欣赏","。",[909,1357,1358,1359,1361,1362,1364,1365,1367,1368,1370],{},"后来发现，",[913,1360,1000],{},"官网上的",[976,1363,129],{"href":1029},"都不再提",[976,1366,211],{"href":1353},"诚信了，觉得非常怪异，加上后来对",[976,1369,64],{"href":978},"的重视度大幅提高，于是突然某一天就决定都卖了。记得当时卖在20-21美元之间，不知道相当于目前价位的多少。",[909,1372,1373,1374,1376,1377,1379],{},"好像是很久很久以前的事情了，很可能是在我打算买",[913,1375,1214],{},"的前后(2011-2012年的样子)?我记得我买入",[913,1378,1000],{},"应该是在2008年底到2009年初的样子。(2023-06-05)",[909,1381,1382],{},"网友：你有没有做过这样的交易，赚了钱，事后却发现事实或逻辑搞错了？",[909,1384,1385,1387],{},[913,1386,921],{}," 我的特斯拉就是典型哈。",[909,1389,1390,1391,1393,1394,1396,1397,1399],{},"认真想来当年的",[913,1392,1000],{},"也算是买错了，放在今天我大概会做不一样的决定。我们在",[913,1395,1000],{},"上的收获也还是不错的，好像是6-9美元买的，20出头卖掉了。当时卖的原因就是我突然发现我买的",[913,1398,1000],{},"和我的想象不一样。",[909,1401,1402],{},"网友：什么事让你发现不一样？",[909,1404,1405,1407,1408,1410,1411,1420,1421,1423,1424,1426,1427,1429],{},[913,1406,921],{}," 我是看着《基业长青》和韦尔奇的书买的",[913,1409,1000],{},"哈。",[913,1412,1413,1414,1416,1417,1419],{},"杰克·韦尔奇说他们的",[976,1415,129],{"href":1029},"里最重要的一条就是",[976,1418,211],{"href":1353},"诚信","，他还说过不少",[976,1422,129],{"href":1029},"的东西，结果后来我发现在",[913,1425,1000],{},"网站上居然都找不到。当然，还有一个很重要的原因是，",[913,1428,1000],{},"的生意太复杂，我看不懂。",[909,1431,1432,1433,1435],{},"再就是，我有点怀疑这家公司做假账，因为他们的盈利老是刚刚好。简而言之，我觉得当初买",[913,1434,1000],{},"是欠妥的。",[909,1437,1438],{},"网友：请问大道如何看待近期存储紧张的问题，这会是AI时代的常态么？现在由于存储供应链像sndk，mu这些公司的target price都大幅度提高了，您认为这是内在价值提升的体现么？谢谢",[909,1440,1441],{},"大道：说明AI确实起来的太快了，估计至少两到三年内还会是这样子，如果AI的成长速度依然如此的话，可能时间会更长，但不会一直如此的。一旦产量能超过销量，价格会马上下来的。（2025-02-09）",[909,1443,1444,1445,1448],{},"网友：大道老师，您怎么看",[913,1446,1447],{},"伯克希尔","这两年持有这么多现金？",[909,1450,1451,1452,1454],{},"大道：从AI的回答看，似乎泡沫也不是很大。我不知道",[913,1453,915],{},"为什么会囤那么多现金。",[909,1456,1457],{},"也许这个是原因？（2025-11-02）",[909,1459,1460],{},"买股票就是买公司。如果把美国当成一家公司，你需要用整个市值去把美股买下来，那参考这个就很有用。这种东西对个股并没有意义，因为好的公司是可以比整体成长快很多的。所以，如果Gemini的这个回答是属实的，那S&P500可能确实有点偏高了。如果美国经济能在Ai带领下大幅度提高GDP的成长，那偏高一点也不是没有道理。我觉得等两年就可以知道Ai到底能带来什么了。",[909,1462,1463],{},"（2025-11-03）",[909,1465,1466],{},"网友：请问大道是否看好OpenAI或Anthropic这类公司的未来呢？",[909,1468,1469],{},"大道：我现在主要就用Gemini了，有时用一下perplexity。现在Gemini 3很好用，不太需要别的了。大模型的竞争其实是非常厉害的，大部分大模型应该抗不了几年。（2025-12-05）",[909,1471,1472],{},[913,1473,1474],{},"段永平：我是看着基业长青的书和韦尔奇的书买的GE哈。杰克韦尔奇说他们的企业文化里最重要的一条就是integrity，他还说过不少企业文化的东西，结果后来我发现在GE网站上居然都找不到。当然，还有一个很重要的原因是，GE的生意太复杂，我看不懂。再就是，我有点怀疑这家公司cooking book，因为他们的earring老是刚刚好。",[909,1476,1477,1480],{},[913,1478,1479],{},"简而言之，我觉得当初买GE是欠妥的。"," （2018-09-21）",[909,1482,1483],{},"网友：段总对现在的GE怎么看？（2017-10-22）",[909,1485,1486,1488,1489,1491],{},[913,1487,921],{}," 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