As a witness to the ups and downs of half of China's Internet technology companies, someone once commented on Duan Yongping: "Return to the original point of thinking with a normal heart, and then choose the right thing;Reuse'Partitarianism'and do things right. Indeed, Duan Yongping often said two words when he talked to ** a few times"Duty"。"Duty"It is the persistence of long-termism and the practice of conservatism. These two excellent qualities were particularly obvious in the second half of Duan Yongping's life.
As an investor, Duan Yongping invests in Moutai, Apple, NetEase and other companies, mainly looking at two points: business model and corporate culture. "I don't like either of these two things and I won't continue to read them, so I don't need to understand companies that I don't understand, and I don't need companies that I don't understand. "
Duan Yongping is a loyal believer of Warren Buffett, he firmly believes in Buffett's value investment concept, does not speculate, does not invest in areas that he does not understand, and will attack the identified opportunities and hold them for a long time.
In 2012, Apple's market value was as high as $300 billion, but Duan Yongping had a heavy position in Apple. He boldly predicted that Apple could become a company with a market value of more than a trillion dollars. Six years later, Apple's stock price hit 207$05 hit an all-time high, and Apple became the first company in the world to break through a trillion dollars in a single market.
In 2014, Duan Yongping**Moutai, someone asked him what ** is suitable to start, he said:"At this stage, it is no different to buy it for 200 in the long run, Moutai now has a market value of more than 100 billion, and with Moutai's quality culture and business model, it will earn 30 billion (profits) sooner or later. "On June 6, 2018, Moutai's market value exceeded the trillion mark. In 2020, Moutai's market value will exceed two trillion.
The ability to repeatedly seize the big opportunities in the market is not a simple luck, but because of Duan Yongping's faith"Value investing"The power of ideas, the two most important factors in this, is conservatism and long-termism.
In today's era, mass entrepreneurship and innovation, everything is new and exciting, and business models are becoming more and more novel and interesting. Young people, in particular, are eager to take the initiative and brave the trend. Duan Yongping's life experience may give some inspiration to young people, and use the core concept of role model entrepreneurs to influence the entrepreneurial career of the next generation. Duan Yongping has used 10 years of continuous development to create popular products that affect every Chinese family, creating a business miracle that has influenced so far, and then in the second half of his life, he looked at the world, the future and life with the concept of investment.
Duan Yongping's story is enough to touch readers of all ages, and his life experience will inspire readers both spiritually and materially.