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Duan Yongping posted a picture on Snowball showing a profit of 33 million USD, reportedly just one of his 50 accounts… (poverty has limited my imagination).
In 2011, Steve Jobs passed away, and Apple lost its soul, leading to market skepticism. During that confusing late autumn, Duan Yongping entered the market with a heavy position in Apple.
Today, 14 years later:
Return: +1,881.8%
Profit per account: $33,920,767 (about 240 million RMB)
Annualized return: approximately 24.5%
Duan Yongping practiced choosing great companies and then leaving the rest to time. But how many people can actually do that?