What is Duan Yongping's core investment idea?
My core conviction is that buying a stock is fundamentally about buying a fractional ownership of a real business. Therefore, one must thoroughly understand the business itself – its operational model, its competitive advantages, and its culture – before even considering its price. This principle guides my entire investment strategy. It’s about seeing through the noise of daily market fluctuations and focusing on the intrinsic value and long-term sustainability of the enterprise. This is why I emphasize 'benfen' (本分) – staying true to one's nature and doing the right thing the right way.
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