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Duan Yongping talks about his secrets to making money! This article deeply reveals Duan Yongping's core methods and classic quotes on how to make money. From low-risk investment to business logic, it helps you quickly master the secret to success!
Wow, this time Duan Yongping's meeting with Zhejiang University students and teachers directly set off a storm of ideas! The following is the essence of the more than 20,000-word interview content. Let's talk about it together!
Slow is fast: about investing哲学
Duan Yongping's investment philosophy can be summarized in one sentence: "Don't try to make quick money; slow and steady wins the race."
Do you also think that making quick money is the most satisfying thing? Duan said, "I'm not afraid of missing out, I'm afraid of making a mistake." This sentence really enlightened me.
In fact, patience is the scarcest quality in investment. Enduring fluctuations and enjoying compound interest is the real truth.
Don’t start a business unless necessary: Starting a business is not easy, you need to think twice before you act
Duan poured cold water on aspiring entrepreneurs: "Unless it's truly necessary or you're desperate, don't start a business."
He said that the most crucial thing for starting a business is the business model , which must be a high-margin, highly differentiated sector.
Otherwise, starting a business is like opening a convenience store that may close at any time, which is both tiring and unprofitable.
Interest is the driving force of learning
Duan Yongping bluntly stated: "The prerequisite for learning is interest; only then can one learn well." What's the difference between this and being "forced to be number one in exams"?
If you're not interested in something, even if you memorize an entire encyclopedia, you still can't outrun AI 's search speed.
Duan’s suggestion: Only by focusing on what you need can you truly adapt to the future.
Sino-US relations: long-term optimism
When asked what he thought of Sino-US relations, Duan was as optimistic as ever:
" The future will be better. There will be conflicts in the short term, but a balance will eventually be found."
He believes that cooperation is always more valuable than confrontation.
Do you feel this kind of confidence?
Innovation is not about being the first in the world
Duan also overturned our traditional understanding of "innovation": "Innovation is not about being the first to do something, but about doing it better than others."
Just like Apple is not the first company to make mobile phones, but it directly "strikes at the bottom" of all its competitors through its ecosystem and experience.
Critical thinking? It is even more important to develop the habit of "thinking about the essence"
Duan bluntly stated: " Critical thinking is nothing special; the key is to understand the essence of things and correct mistakes as soon as they are discovered."
Isn't this the universal formula for life ? From stock trading to work, finding the root cause of the problem and cutting losses in time is more important than anything else.
The truth about retiring at 40: Avoiding work stress
You think Duan's retirement at 40 was a result of financial freedom? Actually, it's because he "couldn't stand the work pressure."
He admitted that when he was running a small business, he had no sales system and he felt like his days were long under high pressure. It took him three years to solve the problem and he was finally free.
I retired at the age of 40 because I didn’t want to face the pressure of work. When I was running a small business, I didn’t have a sales department. I ate eight meals a day, went to the sauna six times, and went to karaoke five or six times. It was too painful. At that time, I thought that if I continued to be so busy, I would definitely fail. So I spent three years to build a sales system.
Information gap and high risk: not worth relying on
When asked how to make money through information asymmetry, Duan bluntly stated: " Information asymmetry is not very meaningful for stock trading; don't be misled by clever tricks."
As for high risk and high return, he laughed and said, "Only someone with a screw loose would go to jail, but venture capital uses other people's money, and the risk is cleverly diversified."
The advantage of youth: Your age is my dream
Duan's assessment of young people is impressive: "Youth is the greatest advantage."
He also stressed that young people need to understand that work is not for the boss, but for their own growth.
Misunderstandings and opportunities of globalization
Duan believes that globalization is not empty talk, but is based on strength.
He used Temu's example to illustrate that "finding the right opportunities is more important than blindly pursuing globalization."
The so-called globalization is actually a fallacy. Wait until you have the strength to pursue it. For example, when I saw the Super Bowl, I thought it was a great advertising space, but I never had the opportunity to enter because I couldn’t find the right product. However, Temu was suitable and it became a success. Now everyone in the United States knows Temu, and many people around me use it.
Interesting Stories about Pinduoduo’s Investment
Duan talked about his past experience of investing in Pinduoduo.
He said that when Huang Zheng asked him for investment advice, he bluntly asked, " Will it make money?"
Huang Zheng answered “I don’t know”, but because users liked it, he finally chose to support it.
Facts show that he has a unique vision.
If I could go back to being 20: I would choose ordinary happiness.
When asked what he would do if he could go back to being 20, Duan smiled and replied, " Find a new job and enjoy life."
These words make people feel that he does not think that starting a business is the only option in life.
Final advice: Don’t let important things become urgent things
Duan suggests: "Prevention is better than cure." Rather than being fearless in the face of danger, it's better to plan ahead.
His philosophy is undoubtedly the best footnote to "crisis management".
Summarizing the power of Duan Yongping's wisdom
Duan Yongping's sharing makes people think deeply. His views may seem ordinary, but they contain great wisdom.
Whether it's his attitude towards investment, entrepreneurship, or life, he emphasizes one core principle: find the essence and be down-to-earth.
This interview made me understand that there is no shortcut to success, and only steady progress is the long-term solution. Duan's humility and humor also provide us with a direction to think about and move forward.
What about you? What do you think? Leave a message and tell me!
Hopefully, the article "Duan Yongping on Making Money: Unveiling Duan Yongping's Methods and Maxims for Making Money," shared on Chen Weiliang's blog ( https://www.chenweiliang.com/ ), will be helpful to you.
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