加密飞龙
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By examining the holdings of value investing masters, you will notice a commonality — their decades of investment ultimately condense into just a few stocks.
Duan Yongping: Moutai, Tencent, Apple
Wang Wen: Moutai, Coal Mining, Tencent
Lin Yuan: Moutai + Leading Traditional Chinese Medicine
Ren Junjie: Moutai (held for 20 years)
These investors may seem to have different styles, but they are all doing the same thing: selecting the best assets and then heavily betting on them.
Why do top investors only bet on a few companies?
The compounding effect of top companies far exceeds market expectations.
Moutai's 20-fold increase in 10 years relies not on speculation, but on an annual profit growth of around 20%.
Tencent's ability to stand strong during the internet winter is based on the WeChat ecosystem that billions of users rely on every day.
Apple's moat is its near-monopoly pricing power in the global high-end consumer electronics market.
Top companies have been consistently printing money for decades; why diversify?
Diversification ≠ Safety; low understanding is the biggest risk.
Many people think that buying 10 stocks can reduce risk, but in reality: randomly buying 10 stocks is not as good as thoroughly researching 3 stocks.
Those who frequently switch positions are always paying transaction fees, while those who heavily invest in good companies have long started rolling up their snowballs.
Duan Yongping: Moutai, Tencent, Apple
Wang Wen: Moutai, Coal Mining, Tencent
Lin Yuan: Moutai + Leading Traditional Chinese Medicine
Ren Junjie: Moutai (held for 20 years)
These investors may seem to have different styles, but they are all doing the same thing: selecting the best assets and then heavily betting on them.
Why do top investors only bet on a few companies?
The compounding effect of top companies far exceeds market expectations.
Moutai's 20-fold increase in 10 years relies not on speculation, but on an annual profit growth of around 20%.
Tencent's ability to stand strong during the internet winter is based on the WeChat ecosystem that billions of users rely on every day.
Apple's moat is its near-monopoly pricing power in the global high-end consumer electronics market.
Top companies have been consistently printing money for decades; why diversify?
Diversification ≠ Safety; low understanding is the biggest risk.
Many people think that buying 10 stocks can reduce risk, but in reality: randomly buying 10 stocks is not as good as thoroughly researching 3 stocks.
Those who frequently switch positions are always paying transaction fees, while those who heavily invest in good companies have long started rolling up their snowballs.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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