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...
"I don't have the ability to predict macroeconomic trends, and neither does anyone else consistently. Focus on understanding businesses, not predicting interest rates or GDP."
I cannot predict the economy, and neither can anyone else; focus on businesses.
Read Full Analysis →"The most successful investors stay within their circle of competence. Know what you understand well and resist the temptation to venture outside it."
Stay within your circle of competence.
Read Full Analysis →"Surface-level knowledge is dangerous in investing. Develop deep expertise in your areas of focus. True understanding means knowing what could go wrong."
Develop deep expertise, not surface knowledge.
Read Full Analysis →Duan Yongping has 3 key principles on circle of competence. The most important one is "Don't Predict Macro" — I don't have the ability to predict macroeconomic trends, and neither does anyone else consistently.
Duan Yongping applies circle of competence through several key principles including "Don't Predict Macro" and "Know Your Limits". These principles guide practical investment decisions and have been tested across decades of market cycles.
Duan Yongping's approach to circle of competence is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Duan Yongping provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
