Founder of BBK Electronics (OPPO, Vivo), value investor following Buffett's principles
"Buying stocks is buying companies. Less than 1% of people truly understand this."
Duan Yongping (born March 10, 1961) is a Chinese-American entrepreneur and investor, often called "China's Warren Buffett." He founded BBK Electronics, which later spawned several highly successful smartphone brands including OPPO, Vivo, and OnePlus. After selling his stake in BBK and retiring from active management in 2001, Duan became a full-time investor. He gained widespread attention in 2006 when he paid $620,100 at a charity auction to have lunch with Warren Buffett, becoming one of the first Chinese businessmen to do so. Duan's investment philosophy closely mirrors Buffett's value investing principles. He focuses on buying great businesses at reasonable prices and holding them for the long term. His major investments have included significant positions in Apple, Tencent, NetEase, and Kweichow Moutai. He is known for his candid investment commentary on Chinese social media platform Xueqiu (Snowball), where he shares his thoughts on investing, business, and life. His simple yet profound investment wisdom has influenced a generation of Chinese investors.
The most important thing is to do the right thing, then do things right. Many people focus on efficiency while doing the...
→Only invest in businesses you truly understand and that have sustainable competitive advantages. If you can't explain th...
→Never pay more than a business is worth. Wait for prices that provide a significant margin of safety. Being patient for ...
→If you truly understand a business and it's undervalued, why diversify? Concentration in your best ideas maximizes retur...
→The ideal holding period is forever. If you've done your homework and bought right, let compounding work. Trading destro...
→"Do the right things"
"then do things right."
"Don't short"
"don't use leverage"
"don't invest in what you don't understand."