We have a small team of three people investing in domain names, with a starting capital of $5 million in 2016. Excluding an annual 30% dividend, we currently hold domain names worth over $150 million. I personally think that assets such as domain names are a model of value investment. They cannot keep up with hot topics or tell stories, and can only wait for real end buyers to appear in order to have the opportunity to obtain excess returns. Two key factors determine success or failure: vision and patience.