📖Duan Yongping

Inversion Thinking

🌿 Intermediate★★★★★

Invert problems to find insights forward thinking misses.

💬

Instead of asking how to succeed, ask how to avoid failure. Inverting problems often reveals insights that forward thinking misses.

— Duan Yongping Interview,2021

🏠 Everyday Analogy

A process is like a pilot checklist: discipline prevents simple mistakes when pressure rises and keeps outcomes more repeatable.

📖 Core Interpretation

Duan Yongping advocates a repeatable process: define criteria, execute consistently, and review decisions against evidence. Process quality drives outcome consistency.
💎 Key Insight:Avoiding failure is often more productive than pursuing success.

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❓ Why It Matters

Without process, there is no reliable feedback loop. Structured execution and review improve decision quality over time.

🎯 How to Practice

Run a decision loop of research, thesis, execution, and post-mortem; document assumptions and update playbooks with evidence, not hindsight bias.

⚠️ Common Pitfalls

Having opinions without execution criteria
Reviewing outcomes but not decisions
Abandoning rules during volatility spikes

📚 Case Studies

1
NetEase Dot-Com Crash (2000)
NetEase plummeted over 90% during the dot-com bust amid fears Chinese internet firms would fail.
✨ Outcome:Duan ignored market panic, focused on fundamentals, increased his stake, and the investment later became a multi-bagger.
2
Apple iPhone Doubts (2008)
Global crisis and skepticism about iPhone margins led to sharp volatility and frequent negative headlines on Apple.
✨ Outcome:He ignored short-term noise, held his position, and Apple’s earnings and stock price compounded substantially over the following decade.

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