Yesterday, Duan Yongping's speech at Zhejiang University sparked widespread attention in the circle, with many investment experts sharing some of his brilliant insights. As the founder of Bubugao and Xiaobawang, Duan Yongping has also achieved significant success in the investment world, having made substantial profits by investing in NetEase at the bottom and heavily investing in Apple and Moutai for dozens of times returns. Not only does he have impressive personal achievements, but he is also keen to share investment insights from which many have benefited greatly. Therefore, he is also known as 'China's Warren Buffett.'
Duan Yongping adheres to the value investing philosophy, emphasizing that investments should focus on the intrinsic value of the assets. Bitcoin does not generate cash flow and cannot be assessed using traditional value investing methods, reflecting his advocated principle of not engaging with what one does not understand and reminding investors to approach investments with unassessable value with caution.
He believes that investment decisions must be based on an in-depth analysis of the business model and future cash flows to determine the certainty of the investment. The price of Bitcoin is highly volatile, lacking stable value support, making it difficult to provide this certainty, and investors should recognize the high risks associated with investing in Bitcoin.
Duan Yongping mentioned that investing is not a zero-sum game and should not rely on exploiting information asymmetry for profit, but should focus on the intrinsic value of the company itself. The Bitcoin market is heavily influenced by speculative sentiment and market manipulation; investors should not blindly follow the trend of investing in Bitcoin solely based on short-term price fluctuations or market hotspots.
Duan Yongping emphasizes understanding one's own capacity limits and only investing in areas one understands. For Bitcoin, an emerging and complex investment, investors lacking a thorough understanding of its technology, market, and risks should approach it cautiously to avoid investment decisions beyond their capability.
$BTC
