Let's honestly talk about why Dan Yongping's investment strategy is amazing.

When Chinese investor Duan Yongping (with assets of over 30 billion Dollar) had a meal with Buffett in 2006, pushing Apple became a turning point. Looking at his subsequent investment achievements, it's truly impressive.

Achievement Highlights

• NetEase: Bought at 0.8 Dollar and received a 68x return in a few months
• Apple: Holds $10.233 billion as of the end of 2024 (70.50% of the portfolio)
• Pinduoduo: An additional 3.8 million shares in Q3 2024, becoming the 5th largest holder.
• Tencent: Accumulated many times during the downturn, purchasing 200,000 shares at $41.10 per share.

The 10 Principles He Repeatedly Emphasizes

The characteristic of the Dan Yongping style is summarized in a simple point: "Fish where the fish are" → in other words, the reason for choosing the US stock market. While A-shares have been stagnant at 3000 points for 13 years, US stocks have multiplied several times over in 20 years. If the direction is correct, effort comes second.

"Choosing a stock and holding it for 10 years" is the real investment. Buffett also said, "Don't hold a stock for even a second if you can't hold it for 10 years." Daniel Zhang's investment in Apple has never been sold in 14 years. In contrast, the returns from speculative accounts are minimal.

Core Message

• Don't trade 20 times a year. 20 decisions in a lifetime are enough.
• If you are not making a profit, reassess your strategy. Continuing to hone your speculation skills is pointless.
• "What kind of courage is needed to sell something worth 10 Yuan for 1 Yuan?" → This is a line when buying at NetEase's price. Buy when no one is paying attention, and sell when everyone wants it.
• Treat Moutai as a "long-term bond" and invest almost the entire amount in a Renminbi account. The price fluctuates, but the intrinsic value remains stable.

Last words

What he is talking about is the story of fate. Speculators do not change. Only those who agree with value investment will reap the results. Honestly, this is a mental game.