Looking at the essence of investing through the lens of "Calmness": Why Long-termism Needs to Return to Fundamentals

Many investors fall into a vicious cycle — always trying to find the secret to getting rich overnight, while ignoring the basic logic of market operation. Renowned investor Duan Yongping’s years of investment practice reveal a seemingly simple yet profound truth: successful investing ultimately isn’t about stacking skills, but about practicing "calmness" and "integrity."

What is "integrity" in investing? It’s acknowledging your own capabilities and limits. Not every opportunity to make money should be pursued; true winners know when to say no. They don’t chase hot trends, follow fleeting concepts, or get swayed by short-term fluctuations. Instead, they focus on areas they understand and see clearly, waiting for opportunities rather than creating them.

The deeper meaning of "calmness" lies in accepting the market’s cyclical nature. Price fluctuations are normal; there’s no need to be overly excited or panic. This mindset difference determines the final returns of different investors — those who can hold their ground make money, while frequent traders pay transaction fees.

From cryptocurrencies to traditional assets, from startups to blue-chip stocks, this philosophy applies universally. True long-termists aren’t chasing the market; they are building a cognitive framework. They use "integrity" to filter opportunities and "calmness" to handle volatility. This isn’t passive waiting but active self-discipline.

The market is never short of stories and opportunities; what’s lacking are investors who can uphold principles over the long haul.