Duan Yongping's 10 Golden Rules of Investment

1. Fish where there are fish

Choose high win-rate markets; the long-term rise of the US stock market is better than that of A-shares.

Direction is more important than effort (e.g., Duan Yongping switched to the US stock market).

2. Hold quality assets for the long term

"Ten-year holding" principle (Buffett's philosophy)

Lin Yuan's view: Big returns come from long-term holding.

Key: Choose targets that can be held with peace of mind.

Buying stocks = buying companies.

3. Core assessment dimensions:

• Product competitiveness

• Business model

• Management structure

4. Typical case: Tencent, Tesla's value preservation amid short-term volatility

Investment requires faith.

5. Double account experiment:

• Value account (long-term holding of Apple for 14 years/100-fold returns)

• Speculative account (returns far inferior)

Maintain value judgment amid market fluctuations.

Reject speculative shortcuts.

6. Speculation is a zero-sum game (55% win rate)

Beware of "technical traps":

• Getting lost in short-term skills

• Ignoring underlying logic

Quality of decisions > Quantity

7. Characteristics of top investors:

• Less than 3 decisions per year

• Approximately 20 major lifetime decisions

Reduce trading frequency to increase win rate.

Strategic reflection.

8. Analysis of the roots of failure:

• Tactical improvement = a thief honing their skills.

• Strategic correction = fundamental adjustments.

Reverse investment wisdom.

Classic case: Netease investment.

• Stock price at $1 (cash reserve $4/share)

• The underlying logic of "Even if delisted, it's worth buying."

9. Buying points: When the market is extremely pessimistic.

A-share value practice.

Break the "fool's game" misconception:

• Moutai case (held for over 15 years)

• True winners = value investors.

10. Investment philosophy determines destiny.

Self-awareness choices:

• Speculator → Continuously seeking shortcuts.

• Value investor → Partner of time and compounding.

The deeper meaning of dining with Buffett: Resonance of ideas #BTC☀️