Studio Minutes: Insights on Value Investment from Daily Management As a public account author focused on value investment, I have always believed that investing is not just about stock selection, but also the art of managing life and work. Recently, our studio held a meeting for work arrangements and problem communication. Although the content was trivial, it contained profound investment philosophy. Just as Buffett emphasizes the construction of a "moat," we also need to focus on efficiency, communication, and continuous learning in our daily operations to achieve long-term value growth. The meeting first discussed the progress of the OP project. Although the initial pace judgment was incorrect, most people made profits last week, and we decided to adopt the "no-loss Trojan" strategy for operations. At the same time, based on the personnel allocation of investment, we ensure efficient use of resources. The points counted by Xiao Lu showed that although there are many accounts, we need to strengthen manpower. Today, due to Xiao Hong's absence, everyone is mobilized for unified action in the afternoon. When counting scores, it is suggested to monitor fluctuations in real-time and record wear and tear when the funds arrive for precise evaluation. This reminds me of the core of value investment: it is not about blindly chasing short-term gains, but rather about preventing risks and pursuing sustainable returns through data tracking. It is particularly worth mentioning the praise for Xiao Lu. He actively researched and checked scores, not only optimizing work but also embodying the principle of "focusing on the matter, not the person." The studio needs such talent because passive execution, like "slacking off work," will ultimately distance oneself from wealth. In contrast, proactive thinking is like digging for undervalued assets, which can bring about the effect of compound interest. The meeting also pointed out the inefficiency caused by signature issues: the system requires multiple authorizations, otherwise transactions will fail. This reminds us to provide timely feedback when encountering bugs in work, avoiding inefficient cycles. Communication is the highest cost but also the "moat" in investment—early observation and resolution can prevent problems before they arise. Another highlight was the book sharing session. We discussed "The Truth of Wealth," which points out that rising educational costs are disconnected from production, leading many people to move away from mental labor to physical labor for money. For example, a Tsinghua student selling pork and a Peking University butcher creating an 1.8 billion brand is not a failure but a diversity of life choices. Combining the concept of "Dog Money," we shared goal visualization: at the tile company, through a dream album and whitelist, the authorization pass rate was increased by 27%, and the renewal cycle was shortened by 40%. This is just like the positive cycle of value investment: recording small successes daily, building an efficiency manual, ultimately achieving strategic-level management. The meeting emphasized that making money requires lifelong learning but also embraces diverse choices. Do not over-consume internal energy, as excessive overtime may have the opposite effect. Ultimately, you will become the person you want to be—if you want to be a 90-year-old investor, imitate your idol every day and adjust your path. From the studio minutes, I see the mirror of value investment: proactivity, communication, and learning are the solid path to wealth. Dear readers, you might as well apply these to your investment portfolio, avoiding short-term noise and embracing long-term compounding.