In 2019, after a period of exploration and sorting out, especially when I finally studied the relevant philosophies of Buffett, Charlie Munger, and Duan Yongping systematically, I experienced a sudden enlightenment, as if the Ren and Du meridians were instantly opened.

I completely evolved from real estate investment to stock market value investment; all my past practical experiences, exploration processes, and thoughts seemed to merge and connect at this moment.

When I reexamined the stock market, my heart was filled with unprecedented relief and joy.

At that time, I understood that for me, there is only one way to invest, which is to view the companies I invest in as subsidiaries of my own, though I do not hold them wholly.

I deeply realized how amazing it is to have these outstanding companies that are almost impossible to create in reality.

I also truly felt that possessing great companies is the ultimate goal of investing and the source of all satisfaction.