The usually low-profile Duan Yongping accepted an interview with Wang Shi and beautiful women while Vanke was in the spotlight! It is recommended that everyone spend two hours on deep learning.
In 2025, Duan Yongping sat down for an interview.
He founded Little Tyrant, then left.
He created BBK, then let go.
People call him the Chinese Buffett, but he says,
I have no grand ambitions, I just want to be an ordinary person.
When asked about the core of investing,
he said he only believes in one sentence:
Buying stocks is buying a company.
If I don't understand the business, no amount of money will tempt me.
Back then, NetEase's stock price fell below 1 dollar.
While others saw despair, he saw a group of people who loved games.
He bought it and then waited,
not to predict the stock price, but to believe in those people.
He said to understand a company, you only need two filters:
Business model and corporate culture.
Poor culture can ruin a good business.
He likes Apple precisely because both points are right.
He has a different view on success.
Some attribute it to talent, timing, or luck.
He shakes his head.
I believe that most success is due to hard work.
Bubble Mart seems to have become famous overnight, but what he sees is the founder Wang Ning's years of effort.
Facing the involution and lying flat of young people,
he did not provide a standard answer,
just said,
work hard to find what you like,
if that doesn't work, then try hard to like what you are doing.
He believes there are more opportunities now than in the past.
He talked about his philosophy of duty,
this is not a profound theory but a simple choice:
Do the right things and do things right.
If wrong, correct it immediately. After decades of persistence, it becomes culture.
He retired early, but the company continued to operate as usual.
He said, it's like leading a choir; you start it, and then everyone sings by themselves.
When talking about AI, he said this tool can save a lot of work,
but it can also talk nonsense.
Whether it's a blessing or a curse is unknown, but it's worth pondering.
Finally, about life,
he said he has no ultimate goal,
just hopes to live a little longer in good health,
live a good little life, stay rational, and think long-term.
The young man who left Little Tyrant back then,
did not reach today by luck,
but by deciding—
in a complex world, to only do the things that are his duty.
Choices have always been simple:
whether to chase every breeze,
or to lower your head and properly plant a tree that can live for ten years.