Duan Yongping:
What is truly scarce is not the diligence in tactics, but the patience in strategy.
Wealth will eventually flow silently from those who lack patience into the pockets of those who can wait.
Understanding the significance of Buffett is not about becoming the next stock god, but about clearly recognizing that investing is really difficult.
In more than a hundred years, the number of big shots on Wall Street who have left their names and generated profits does not exceed 100.
Peter Lynch, invested for 13 years, with an annualized return of 29%; Buffett, spanning 50 years, with an annualized return of 21%.
In China, over the past 30 years, there have been fewer than 20 public and private equity funds with publicly recorded annualized returns of 15% or more.
Speculation is like gambling on luck; you might win once or twice, but as long as you don't leave the game, you will eventually pay back the market both the principal and interest.
The true winners rely on the magic of compound interest, the accumulation of small daily improvements, and a positive cycle that can continuously snowball.
Slow is fast, and steady is profitable.