Every ticker gets a research committee. 每只股票，都配一个投研委员会。

How a run works运作方式

Every decision keeps its paper trail.每一个决策，都留有完整的推理记录。

The desk投研团队

Every seat has a name. Every turn is on the record.每个席位都有名字，每一轮发言都有记录。

A report is drawn as a conversation between these roles, in the order they spoke — so you can read the bear's best argument before you read the verdict. 报告按照这些角色的发言顺序以对话形式呈现——你可以在看结论之前，先读完看跌研究员最有力的论点。

Capabilities能力

Built for reading the argument, not just the answer.为阅读论证而设计，而不只是给出答案。

Data guide数据导览

Know what to look at — and in what order.先看什么、后看什么，一页讲清楚。

The dashboards are different lenses on the same decision. Start broad, narrow to a stock, test its price, then read the argument and track what happened next. 这些看板是同一个投资决策的不同视角。先判断市场环境，再筛选个股、检验价格，最后阅读论证并追踪结果。

All dashboards全部看板

Markets, screening, capital, 13F, the Fed and valuation — what every tab is for.市场、选股、资金、13F、Fed、估值，每一种数据怎么用。

The 16 dashboards are not a pile of unrelated numbers. Use these eight lenses to read the environment, find candidates, follow institutions, understand liquidity, test the price and prepare for events.16 个看板不是一堆互不相关的数字。可以从下面八个视角进入：判断环境、寻找候选、观察资金与机构持仓、理解流动性、检验价格，以及准备重要事件。