Financial Figures Chronicles ——Duan Yongping: Buffett's words changed my entire investment system ❗ ️ Recently, I saw Duan Yongping share an investment experience that left a deep impression on me. He said that when he was young, he saw a sentence from Buffett and suddenly had a profound feeling. Buffett's quote is: Buying stocks is buying companies. Later, this sentence almost became the starting point of his entire investment philosophy. But he also admitted that the real difficulty is not remembering this sentence, but understanding it. Because truly achieving 'buying a company' means you have to answer a few questions: What exactly does this company make money from? Is its business model excellent enough? Can we continue to make money in the next ten years? Is the cash flow stable? Is the management trustworthy? These questions cannot be answered simply by looking at the candlestick chart or financial report summary. So, the real difficulty is not investing, but understanding a business. That's why Duan Yongping always insists on: I would rather do nothing than buy a company that I don't understand. Duan Yongping shares his insights on investing in stocks. Please watch the video below 。 Revelation "by Duan Yongping I have summarized four points worth considering for ordinary investors in this sharing: ① Stock codes are not assets, companies are assets. If you view stocks as just a series of prices, your daily focus will only be on the ups and downs. If you view stocks as a company, what you focus on is products, competitiveness, profits, and the future. Two different ways of thinking determine two completely different investment methods. ② The biggest risk in investing is not volatility, but lack of understanding. Many people are afraid of a stock price drop, but rarely afraid of not knowing the company at all. The real risk is never price, but perception. ③ Understanding cash flow is more important than predicting stock prices. The cash flow of a company determines its ability to create long-term value. Short term prices may fluctuate, but long-term value will eventually return to the enterprise itself. ④ Ability circle is more important than opportunity. There are many excellent companies in the world, but there are not many opportunities that truly belong to you. If you don't understand, give up. In the long run, not making big mistakes is more important than seizing every opportunity. The market is changing every day. But truly excellent investment concepts often remain timeless for decades. Buffett's words have influenced Duan Yongping for decades. Perhaps what is truly worth pondering is not the sentence itself, but rather: Are we buying a company or just trading a code today? Financial Figures Chronicles Duan Yongping Buffett Value Investment Cognitive Stock BTC Trading System