Duan Yongping's highlights from his sharing at Zhejiang University are here!
His views are very suitable for friends who have already made their first pot of gold and have gotten out of financial difficulties.
How to preserve wealth and pursue greater levels of wealth, his experience is definitely worth learning from!
Highlights
1. Look at your current decisions from the future to see if they are correct, 5 years, 10 years, or even longer.
2. Quickly assess whether a company has long-term investment value; Duan Yongping responded that he doesn't know, and mentioned that Buffett and Munger are not afraid of missing some opportunities; what's important is to avoid stepping on landmines.
3. The reason for not having money may be the desire to make quick money; it's important to know what cannot be done and to do the right things steadily.
4. Risks taken should be bearable by oneself.
5. People who want to start a business do not need encouragement from others to do so; entrepreneurs have strong ideas and will definitely take action.
6. Now, when starting a business, one can seek VC and other funds, and the conditions are much better than in the past.
7. Do not start a business just for the sake of it; there should be a genuine idea or when there are no other options.
8. Learn what is needed.
9. When starting a business or investing, think through the business model.
10. Do the right things, do them well; doing the wrong things will lead to punishment, and the wrong things often have short-term temptations, such as smoking or drinking.
11. A person should be honest and correct mistakes immediately upon discovery.
12. Develop a habit of exercising.
13. Cultivate a habit of thinking about the essence.
14. Let others work for themselves, not just for me (the leader).
15. You cannot avoid doing things out of fear of making mistakes. However, if you know it’s wrong, you shouldn't do it.
16. Do not let important things become urgent.
17. Investment is not a zero-sum game; making money through information asymmetry is a zero-sum game. (Duan Yongping is referring to the investment field)
18. If you know it's high risk and still proceed, then your mind is not right. #DuanYongping #Thinking #Entrepreneurship #商业思维