141. Freda的投资札记第2集：Tokenmaxxing、把电机塞进蒸汽机、接力赛变篮球赛、孤独、人的连接
说话人分离结果（匿名标签）。同目录的
transcript.md未作任何改动。 标签 → 真人姓名的映射属于编辑判断，请记在 wiki 视频页开头，见 CLAUDE.md。 分离在抢话/串场处会错配：标签是证据不是判决，与内容矛盾时以内容为准。
说话占比¶
| 说话人 | 时长 | 占比 |
|---|---|---|
| SPEAKER_02 | 01:12:16 | 88.4% |
| SPEAKER_01 | 00:08:44 | 10.7% |
| SPEAKER_00 | 00:00:46 | 0.9% |
（访谈里占比低的通常是主持人，可作为认人的线索之一。）
说话轮次¶
| 起 | 止 | 说话人 |
|---|---|---|
| 00:00:05 | 00:01:20 | SPEAKER_01 |
| 00:01:23 | 00:01:25 | SPEAKER_01 |
| 00:01:25 | 00:01:26 | SPEAKER_02 |
| 00:01:28 | 00:01:29 | SPEAKER_01 |
| 00:01:30 | 00:01:48 | SPEAKER_02 |
| 00:01:50 | 00:01:53 | SPEAKER_01 |
| 00:01:53 | 00:01:55 | SPEAKER_02 |
| 00:01:55 | 00:01:55 | SPEAKER_01 |
| 00:02:00 | 00:02:31 | SPEAKER_01 |
| 00:02:31 | 00:04:27 | SPEAKER_02 |
| 00:04:28 | 00:04:34 | SPEAKER_01 |
| 00:04:34 | 00:05:39 | SPEAKER_02 |
| 00:05:39 | 00:05:45 | SPEAKER_01 |
| 00:05:45 | 00:07:04 | SPEAKER_02 |
| 00:07:04 | 00:07:06 | SPEAKER_01 |
| 00:07:07 | 00:08:17 | SPEAKER_02 |
| 00:08:17 | 00:08:18 | SPEAKER_01 |
| 00:08:18 | 00:08:40 | SPEAKER_02 |
| 00:08:41 | 00:08:47 | SPEAKER_01 |
| 00:08:47 | 00:09:02 | SPEAKER_02 |
| 00:09:02 | 00:09:09 | SPEAKER_01 |
| 00:09:10 | 00:10:12 | SPEAKER_02 |
| 00:10:13 | 00:10:16 | SPEAKER_01 |
| 00:10:17 | 00:11:40 | SPEAKER_02 |
| 00:11:41 | 00:12:00 | SPEAKER_01 |
| 00:12:00 | 00:12:01 | SPEAKER_02 |
| 00:12:01 | 00:12:01 | SPEAKER_01 |
| 00:12:01 | 00:13:03 | SPEAKER_02 |
| 00:13:03 | 00:13:12 | SPEAKER_01 |
| 00:13:12 | 00:13:58 | SPEAKER_02 |
| 00:13:58 | 00:13:59 | SPEAKER_01 |
| 00:13:59 | 00:14:00 | SPEAKER_02 |
| 00:14:00 | 00:14:01 | SPEAKER_01 |
| 00:14:01 | 00:14:56 | SPEAKER_02 |
| 00:14:57 | 00:15:00 | SPEAKER_01 |
| 00:15:01 | 00:17:45 | SPEAKER_02 |
| 00:17:46 | 00:17:48 | SPEAKER_01 |
| 00:17:48 | 00:19:10 | SPEAKER_02 |
| 00:19:11 | 00:19:13 | SPEAKER_01 |
| 00:19:13 | 00:19:13 | SPEAKER_02 |
| 00:19:13 | 00:19:13 | SPEAKER_01 |
| 00:19:13 | 00:19:13 | SPEAKER_02 |
| 00:19:13 | 00:19:13 | SPEAKER_01 |
| 00:19:13 | 00:19:32 | SPEAKER_02 |
| 00:19:32 | 00:19:41 | SPEAKER_01 |
| 00:19:42 | 00:20:42 | SPEAKER_02 |
| 00:20:43 | 00:20:43 | SPEAKER_00 |
| 00:20:43 | 00:20:46 | SPEAKER_01 |
| 00:20:46 | 00:21:32 | SPEAKER_02 |
| 00:21:33 | 00:21:40 | SPEAKER_01 |
| 00:21:40 | 00:21:40 | SPEAKER_02 |
| 00:21:40 | 00:21:40 | SPEAKER_01 |
| 00:21:40 | 00:22:35 | SPEAKER_02 |
| 00:22:36 | 00:22:38 | SPEAKER_01 |
| 00:22:39 | 00:23:35 | SPEAKER_02 |
| 00:23:35 | 00:23:35 | SPEAKER_01 |
| 00:23:36 | 00:23:36 | SPEAKER_02 |
| 00:23:36 | 00:23:41 | SPEAKER_01 |
| 00:23:41 | 00:24:29 | SPEAKER_02 |
| 00:24:29 | 00:24:38 | SPEAKER_01 |
| 00:24:38 | 00:25:39 | SPEAKER_02 |
| 00:25:40 | 00:25:42 | SPEAKER_01 |
| 00:25:42 | 00:25:43 | SPEAKER_02 |
| 00:25:43 | 00:25:43 | SPEAKER_01 |
| 00:25:43 | 00:26:48 | SPEAKER_02 |
| 00:26:48 | 00:26:52 | SPEAKER_01 |
| 00:26:53 | 00:27:40 | SPEAKER_02 |
| 00:27:41 | 00:27:48 | SPEAKER_01 |
| 00:27:49 | 00:29:14 | SPEAKER_02 |
| 00:29:14 | 00:29:17 | SPEAKER_01 |
| 00:29:18 | 00:30:02 | SPEAKER_02 |
| 00:30:03 | 00:30:06 | SPEAKER_01 |
| 00:30:06 | 00:31:15 | SPEAKER_02 |
| 00:31:16 | 00:31:18 | SPEAKER_01 |
| 00:31:19 | 00:32:28 | SPEAKER_02 |
| 00:32:29 | 00:32:31 | SPEAKER_01 |
| 00:32:32 | 00:33:26 | SPEAKER_02 |
| 00:33:27 | 00:33:29 | SPEAKER_01 |
| 00:33:30 | 00:34:24 | SPEAKER_02 |
| 00:34:25 | 00:34:28 | SPEAKER_01 |
| 00:34:29 | 00:36:31 | SPEAKER_02 |
| 00:36:32 | 00:36:41 | SPEAKER_01 |
| 00:36:42 | 00:37:30 | SPEAKER_02 |
| 00:37:31 | 00:37:33 | SPEAKER_01 |
| 00:37:33 | 00:38:38 | SPEAKER_02 |
| 00:38:39 | 00:38:39 | SPEAKER_01 |
| 00:38:39 | 00:38:40 | SPEAKER_02 |
| 00:38:40 | 00:38:40 | SPEAKER_01 |
| 00:38:40 | 00:39:37 | SPEAKER_02 |
| 00:39:37 | 00:39:43 | SPEAKER_01 |
| 00:39:43 | 00:40:11 | SPEAKER_02 |
| 00:40:12 | 00:40:16 | SPEAKER_01 |
| 00:40:18 | 00:41:22 | SPEAKER_02 |
| 00:41:23 | 00:41:25 | SPEAKER_01 |
| 00:41:26 | 00:42:40 | SPEAKER_02 |
| 00:42:41 | 00:42:44 | SPEAKER_01 |
| 00:42:45 | 00:43:17 | SPEAKER_02 |
| 00:43:17 | 00:43:37 | SPEAKER_01 |
| 00:43:37 | 00:44:20 | SPEAKER_02 |
| 00:44:17 | 00:44:28 | SPEAKER_01 |
| 00:44:28 | 00:45:24 | SPEAKER_02 |
| 00:45:17 | 00:45:17 | SPEAKER_00 |
| 00:45:17 | 00:45:17 | SPEAKER_01 |
| 00:45:17 | 00:45:17 | SPEAKER_00 |
| 00:45:25 | 00:45:27 | SPEAKER_01 |
| 00:45:28 | 00:46:47 | SPEAKER_02 |
| 00:46:48 | 00:46:50 | SPEAKER_01 |
| 00:46:51 | 00:47:42 | SPEAKER_02 |
| 00:47:43 | 00:47:45 | SPEAKER_01 |
| 00:47:46 | 00:49:09 | SPEAKER_02 |
| 00:49:10 | 00:49:14 | SPEAKER_01 |
| 00:49:15 | 00:49:46 | SPEAKER_02 |
| 00:49:28 | 00:49:28 | SPEAKER_01 |
| 00:49:46 | 00:50:06 | SPEAKER_02 |
| 00:50:06 | 00:50:12 | SPEAKER_01 |
| 00:50:13 | 00:50:57 | SPEAKER_02 |
| 00:50:57 | 00:51:01 | SPEAKER_01 |
| 00:51:02 | 00:52:29 | SPEAKER_02 |
| 00:52:30 | 00:52:36 | SPEAKER_01 |
| 00:52:36 | 00:52:37 | SPEAKER_02 |
| 00:52:37 | 00:52:37 | SPEAKER_01 |
| 00:52:37 | 00:53:26 | SPEAKER_02 |
| 00:53:27 | 00:53:30 | SPEAKER_01 |
| 00:53:31 | 00:54:09 | SPEAKER_02 |
| 00:54:10 | 00:54:14 | SPEAKER_01 |
| 00:54:14 | 00:54:24 | SPEAKER_02 |
| 00:54:24 | 00:54:24 | SPEAKER_01 |
| 00:54:24 | 00:54:24 | SPEAKER_02 |
| 00:54:25 | 00:54:49 | SPEAKER_01 |
| 00:54:49 | 00:56:13 | SPEAKER_02 |
| 00:56:15 | 00:56:17 | SPEAKER_01 |
| 00:56:17 | 00:57:09 | SPEAKER_02 |
| 00:57:10 | 00:57:14 | SPEAKER_01 |
| 00:57:14 | 00:58:32 | SPEAKER_02 |
| 00:58:33 | 00:58:37 | SPEAKER_01 |
| 00:58:37 | 00:58:37 | SPEAKER_02 |
| 00:58:37 | 00:58:38 | SPEAKER_01 |
| 00:58:38 | 00:59:34 | SPEAKER_02 |
| 00:59:35 | 00:59:37 | SPEAKER_01 |
| 00:59:38 | 01:00:33 | SPEAKER_02 |
| 01:00:33 | 01:00:34 | SPEAKER_01 |
| 01:00:34 | 01:00:34 | SPEAKER_02 |
| 01:00:34 | 01:00:34 | SPEAKER_01 |
| 01:00:36 | 01:00:41 | SPEAKER_02 |
| 01:00:41 | 01:00:41 | SPEAKER_00 |
| 01:00:42 | 01:00:47 | SPEAKER_01 |
| 01:00:48 | 01:01:21 | SPEAKER_02 |
| 01:01:22 | 01:01:29 | SPEAKER_01 |
| 01:01:29 | 01:02:21 | SPEAKER_02 |
| 01:02:23 | 01:02:26 | SPEAKER_01 |
| 01:02:26 | 01:03:40 | SPEAKER_02 |
| 01:03:40 | 01:03:40 | SPEAKER_01 |
| 01:03:40 | 01:03:40 | SPEAKER_02 |
| 01:03:40 | 01:03:41 | SPEAKER_01 |
| 01:03:42 | 01:04:16 | SPEAKER_02 |
| 01:04:17 | 01:04:23 | SPEAKER_01 |
| 01:04:23 | 01:05:31 | SPEAKER_02 |
| 01:05:32 | 01:05:39 | SPEAKER_01 |
| 01:05:40 | 01:06:48 | SPEAKER_02 |
| 01:06:48 | 01:06:50 | SPEAKER_01 |
| 01:06:51 | 01:07:21 | SPEAKER_02 |
| 01:07:22 | 01:07:29 | SPEAKER_01 |
| 01:07:29 | 01:07:29 | SPEAKER_02 |
| 01:07:29 | 01:07:29 | SPEAKER_01 |
| 01:07:30 | 01:08:31 | SPEAKER_02 |
| 01:08:32 | 01:08:37 | SPEAKER_01 |
| 01:08:38 | 01:10:25 | SPEAKER_02 |
| 01:10:26 | 01:10:30 | SPEAKER_01 |
| 01:10:30 | 01:11:39 | SPEAKER_02 |
| 01:11:40 | 01:11:42 | SPEAKER_01 |
| 01:11:43 | 01:11:43 | SPEAKER_02 |
| 01:11:43 | 01:11:43 | SPEAKER_01 |
| 01:11:43 | 01:12:55 | SPEAKER_02 |
| 01:12:56 | 01:12:58 | SPEAKER_01 |
| 01:12:59 | 01:13:30 | SPEAKER_02 |
| 01:13:30 | 01:13:31 | SPEAKER_01 |
| 01:13:31 | 01:13:31 | SPEAKER_02 |
| 01:13:31 | 01:13:31 | SPEAKER_01 |
| 01:13:31 | 01:13:32 | SPEAKER_02 |
| 01:13:32 | 01:13:33 | SPEAKER_01 |
| 01:13:34 | 01:14:15 | SPEAKER_02 |
| 01:14:16 | 01:14:31 | SPEAKER_01 |
| 01:14:32 | 01:15:50 | SPEAKER_02 |
| 01:15:51 | 01:15:52 | SPEAKER_01 |
| 01:15:53 | 01:16:51 | SPEAKER_02 |
| 01:16:52 | 01:16:58 | SPEAKER_01 |
| 01:16:59 | 01:17:03 | SPEAKER_02 |
| 01:17:04 | 01:17:10 | SPEAKER_01 |
| 01:17:10 | 01:17:52 | SPEAKER_02 |
| 01:17:53 | 01:18:01 | SPEAKER_01 |
| 01:18:01 | 01:18:55 | SPEAKER_02 |
| 01:18:55 | 01:18:59 | SPEAKER_01 |
| 01:19:00 | 01:19:49 | SPEAKER_02 |
| 01:19:50 | 01:19:53 | SPEAKER_01 |
| 01:19:53 | 01:19:53 | SPEAKER_02 |
| 01:19:53 | 01:19:53 | SPEAKER_01 |
| 01:19:53 | 01:21:17 | SPEAKER_02 |
| 01:21:18 | 01:21:36 | SPEAKER_01 |
| 01:21:37 | 01:21:46 | SPEAKER_02 |
| 01:21:47 | 01:21:53 | SPEAKER_01 |
| 01:21:54 | 01:22:27 | SPEAKER_02 |
| 01:22:32 | 01:22:51 | SPEAKER_00 |
| 01:22:52 | 01:23:13 | SPEAKER_01 |
| 01:23:21 | 01:23:25 | SPEAKER_00 |
| 01:23:28 | 01:23:49 | SPEAKER_00 |