About关于
Greythorn is a research-driven principal investor based in Melbourne. We invest our own capital with a long horizon and publish our research under the Greythorn name.Greythorn 是总部位于墨尔本的研究驱动型投资机构，以自有资金进行投资。我们坚持长期视角，并以 Greythorn 之名发布研究。
Every position starts as a piece of research: a question, the evidence, the bull case and the bear case. Capital is committed only once the work is done, and the work is often published.每一项配置都从研究开始：一个问题、相关证据、看涨与看跌两方面的理由。只有在研究完成之后才投入资本，而这些研究往往也会公开发布。
We work from filings, earnings transcripts, regulatory documents and primary data, and date every figure. Secondary coverage is a starting point, not a source.我们以公告、业绩会文字稿、监管文件和一手数据为依据，并为每个数字标注日期。二手报道只是线索，而非来源。
Consensus is an input, not a conclusion. When the evidence points away from the crowd we are prepared to say so, and to change our minds when it changes.市场共识是参考，而非结论。当证据与主流观点相左时，我们愿意直言；当证据改变时，我们也愿意修正观点。
We think in years, not quarters. Patience is the main advantage of private capital, and we try not to give it away.我们以年为单位思考，而非以季度。耐心是私人资本最大的优势，我们尽量不放弃它。
Our research is not written to sell anything. It is published so it can be read, checked and challenged.我们的研究不为推销任何东西而写。公开发布，是为了让人阅读、检验与质疑。
Research is written in English first and published in Chinese alongside it, under the Greythorn byline.研究先以英文撰写，再同步发布中文版本，署名 Greythorn。
Principal: Jayden Wei (魏久胜), co-founder and Managing Director of OGBC Group.负责人：魏久胜（Jayden Wei），OGBC Group 联合创始人兼董事总经理。 · X @JaydenWei
