In 2006, an unusual luncheon was held on eBay for 62The first transaction of $10,000, the buyer is Duan Yongping, a Chinese entrepreneur. What's even more striking is that he brought a young assistant to this luncheon - Huang Zheng. Years later, when Huang Zheng founded Pinduoduo and became chairman, he mentioned that lunch with Warren Buffett in an interview.
Huang Zheng recalled that Buffett told a lot of investment and life principles at that luncheon, but these truths were so simple that even his mother could understand them. This made him realize that true wisdom is not unfathomable, but a return to common sense. He believes that when faced with complex problems, people are often blinded by their own biases and interests, and ignore those simple and obvious truths.
This experience had a profound impact on Huang Zheng. When he later founded Pinduoduo, he incorporated this "return to common sense" philosophy into the company's operations. Pinduoduo's rapid rise in a short period of time is largely due to its innovative social e-commerce model and deep insight into user needs. And this insight is based on a simple and direct understanding of market laws and consumer psychology.
Huang Zheng also mentioned that in the face of difficulties and challenges, courage and rationality are equally important. For example, he said that in the early days of Pinduoduo's development, they faced many doubts and difficulties, but they always stuck to their original intentions and used reason and common sense to deal with various challenges, and finally won the recognition of the market.
It can be said that the lunch with Warren Buffett not only taught Huang Zheng the wisdom of investment, but also taught him how to use reason and common sense to guide his career and life. This is one of the reasons why he has been able to achieve great results in his later entrepreneurial journey.
In short, Buffett's lunch was undoubtedly a valuable life experience for Huang Zheng. It not only provided him with valuable investment experience, but also shaped his worldview and values. This influence was vividly demonstrated in his later entrepreneurial journey, and it also makes us look forward to more miracles in the future.