我从达尔文那里学到的投资知识05 丢掉DCF去挖投资化石 episode artwork

EPISODE · May 11, 2026 · 15 MIN

我从达尔文那里学到的投资知识05 丢掉DCF去挖投资化石

from 深蓝趋势:未来十年投资机会与风险

【本期主题】拆解预测未来的虚妄与考古历史的威力——从达尔文"从不预测、只看化石"的科学方法论,批判华尔街DCF贴现现金流模型的两大致命缺陷(贴现率荒谬+永续预测狂妄),建立基于历史财务的四维评估工具箱。【核心案例】为什么达尔文用鸽子人工选择、孔雀尾巴性选择、胚胎学共同起源,全是向后看?10个变量各90%准确率连乘后只剩35%?印度Tata咨询5家顶级投行报告只有1家提供3年历史数据?Snapchat上市首日暴跌25%的预测惨案?纳兰达买入往季市盈率仅14.9倍的估值纪律?

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我从达尔文那里学到的投资知识05 丢掉DCF去挖投资化石

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