【揽瓜阁5.0】Day7 2021.02.14【社会科学-金融、职场、政治】

Meredith_gao

情人节打卡~

700++++++

第一篇
结构：
1 机器替代人工进行投资交易，且占比巨大
2 机器的发展史：金融业钱多，先吃螃蟹。控制股票交易-->债券交易-->发展AI自主性
3 利弊分析：利：削减成本；弊：影响经济稳定，用内部信息挣钱不公平，目标狭隘公司管理失衡
4 未来：计算机发展势不可挡，和现在市场监管制度相冲突

词汇：
grape 扭打
perpetual 反复的
humdrum 单调的
mayhem 骚乱
swathes 长布条
chore 例行工作
hedgefunde 对冲基金
imperil 危及
clout 重击

摘抄：
Visit a trading floor today and you will hear the hum of servers, not the roar of traders.

时长：
6分07，金融类文章，感觉总是关键词不认识。。。
————————————————————————————————————————————————

第二篇
结构：
1 以前体系：短期，交流少，竞争激烈
2 现在体系：长期，交流多，供应方少
3 作者评价：surprising，1）追求长期安稳放弃垄断权力，违背市场逻辑；2）纵向合并缩减，违背理论uncertainty↑=纵向合并↑；3）新体系无创新，倒退发展
4 买方选择合作关系的策略：追求技术发展or话语权

词汇：
divesting 剥离
defy 违抗
patronage 赞助

摘抄：
/

时长：
1分51

咖喱团

Day 7 打卡~情人节快乐！~

茫昧单舟

2 14 打卡

Leonado7

leonado7打卡

vinago

The rise of the financial machines: Forget Gordon Gekko. Computers increasingly call the shots in financial markets
阅读时间:8’52
总结时间: 33’
总时间: 42’

文章中心大意
Background: the job of the capital markets and the use of machines today -> the advantages of the computing revolution-> the worries raised by the computing revolution ->reflections on the innovations

每段段落大意
1, what does capital markets do -> process information so that savings flow to the best projects and firms-> Today, machines are used to invest
2, How computers do investment->
3, Finance always embrace breakthroughs early
4, computers have started to deal with portfolios In the past decade and now gaining autonomy.
5, the development of technology has democratized finance by cutting costs.
6, However, machine-dominated finance may also have disadvantages. 1,It may have negative impact on financial stability.2, How computerized finance used to concentrate wealth may also cause conflicts. 3, It raised concern about corporate governance.
7，Revolution in computer is a double-edged sword. Sometime it works in your favour, sometimes it works against you. But there is a concern raised is that whether computers will transcend and take place of human.

印象深刻的句子
The latest revolution is in full swing .(如火如荼)
Yet the emerging era of machine-dominated finance raises worries, any of which could imperil these benefits.

生词：
Intoxicating: if you describe something as intoxicating, you mean that it makes you feel a strong sense of excitement or happiness.
In full swing: at the highest level of activity 活跃
Mayhem: mayhem refers to a situation that is not controlled or ordered 混乱
Ditch:抛弃
Carnage：大屠杀
Subprime debacle:次贷危机
Subprime: a subprime loan is an amount of money that is lent to someone who may not be able to pay it back, usually at a higher than normal rate of interest
Securitization: 证券化

Supplier relations in the automobile industry

阅读时间:3’11
总结时间: 32’
总时间: 36’

文章中心大意
Point out the fact: the relationship between the U.S automakers and their suppliers changed greatly. => illustrate the changes => the surprising points of changes=> reasons for the change => the restrictions that the buyer firm faced when it choose its supplier relations strategy

每段段落大意
1, view: the relationship between the U.S automakers and their suppliers changed greatly.

2, How changed? In the old relations system, automakers have short-term contracts and arms-length relationships with outside suppliers and many suppliers per part , while in the new system, only a few suppliers per part, frequently communication between buyer and supplier, and increased length in contracts with outsider suppliers. Moreover, automaker also reduced or even ended practices with inside suppliers.

3, The parts describes the unexpected points of the changes which conflict with the economic logics or predictions.

4, The reasons for the change. However, the buyer firm faces a trade-off between promoting technical progress in the industry and maintaining buyer bargaining power when choosing its supplier relations strategy

印象深刻的句子
The automakers’ dealings with outside suppliers had been characterized by short-term contracts, arms-length relationships(非紧密的关系)， and many suppliers per part.
They buyers faces a trace off between A and B
The automakers are reducing their commitment to their own components divisions, ending such practices as guaranteeing them business and in some cases divesting them completely
生词：
Monopsony: 买主垄断

没毛的猫

打卡

Sapphirevivi

Day 7

吃饭睡觉做咸鱼

一
文章大意计算机在金融方面作用迅速发展及其状况

段落大意
1 机器正在不断地控制投资市场
2 电脑于1980s在资本市场开始使用，现在开始占据资本市场
3 Computer在资本市场交易不需要人类的参与。
4 机器操控市场的隐忧：计算机会扭曲资产价格，从而扰动市场的稳定性；计算机会集中资本，使更多人被资本和市场淘汰；公司治理权如果被计算机控制，很有可能只会追逐一些极端利益。
5 人类的智慧在未来很难可能和AI竞争，而现在的监管也有可能无法适用于将来。

单词
grapple with 应对、处理  
perpetual 永久的
mayhem 混乱
a barrage of 大量的
disclosure 披露
seasoned 老练的
carnage 大屠杀
find one’s fee t站稳脚跟

摘抄

One is financial stability. Seasoned investors complain that computers can distort asset prices, as lots of algorithms chase securities with a given characteristic and then suddenly ditch them.

A final concern is corporate governance. For decades company boards have been voted in and out of office by fund managers on behalf of their clients.

阅读：17min

二
文章大意
汽车制造商和其供应商关系的转变，以及笔者对这种转变的评价

段落大意
1 过去的关系：制造商有更多话语权，和供应商为短期合作
2 目前关系：交流紧密，长期合作
3 总结这种转变

单词

indefinite 无限期的；期限不定的

extensive 广阔的；广大的；大量的

integration 结合；整合；一体化

摘抄

?️

阅读 15min

wangminghan

情人节快乐！
Day 7
第一篇：阅读10分钟，总结16分钟
Core：Computerised finance has its own cons and pros.
Excerpt:
Today’s markets, for instance, are grappling with a trade war and low interest rates.
But it also reflects changes within finance, which constantly reinvents itself in a perpetual struggle to gain a competitive edge
Until now the rise of computers has democratised finance by cutting costs
Words:
perpetual: 永久的，永恒的；长期的
humdrum:乏味的，单调的，令人厌倦的
mayhem:混乱状态
swathe:部分；范围
barrage: 掩护炮火，阻击火网
volatility: the quality or state of being likely to change suddenly, especially by becoming worse
derivative: If something is derivative, it is not the result of new ideas, but has been developed from or copies something else
lifeblood: the thing that is most important to the continuing success and existence of something else
Imperil: 危及，使陷入危险
carnage:大屠杀，残杀
spooky:怪异的；诡异的；阴森可怕的
proprietary: 所有（人）的，业主的
agnostic:不可知论者
find their feet: become confident or successful in a particular field or activity.
subprime debacle: 次贷危机

第二篇：
Core: Transformation of supplier relations in the Automobile industry.