Brief introduction of Duan Yongping:
From 199 to 21, he was an outstanding entrepreneur: In 199, that is, the second year after he graduated from Renmin University of China, Duan Yongping went to Zhongshan, Guangdong Province, and became the director of the Rihua Electronics Factory under Yihua Group (the predecessor of Little Overlord). At that time, the annual loss of this factory reached 2 million yuan. Five years after Duan Yongping took the helm, the annual output value of Little Overlord exceeded 1 billion yuan. However, Duan Yongping's role has always been a "professional manager". Later, he proposed restructuring, which was rebuffed by the top management of Yihua Group. Duan Yongping chose to leave in a rage, and the Guangdong business community was in an uproar. After leaving, Duan Yongping set up BBK in Dongguan, and implemented the shareholding system. At this time, there are still two years before the 15th National Congress of the Communist Party of China, which clearly defined the principle of "retreating the country and advancing the people". Because Duan Yongping had a "verbal contract" with his former boss when he left Xiaobawang, that is, he would not compete with Xiaobawang in the same industry, so he began to make products such as students' computers, telephones, wireless phones and VCD. In 1998, Duan Yongping took 1? 5.9 billion yuan won the CCTV advertising bidding and became the new standard king; In June, 1999, Duan Yongping was named as one of the "2 Millennium Leaders of Asian Financial Industry" by Asia Weekly. 21 was a turning point in Duan Yongping. This year, he decided to immigrate to the United States, in his own words, "to honor the promise when he married his wife." IT was also at the end of this year that he began to buy China IT concept stocks such as Netease, Sina and Sohu. When China's Internet bubble burst, Nasdaq was full of sorrow, and he strongly "copied the bottom".
21-now, outstanding value investors:
Case 1: Cheap-hunting Netease
21 was a turning point in Duan Yongping. This year, he decided to immigrate to the United States, in his own words, "to honor the promise when he married his wife." IT was also at the end of this year that he began to buy China IT concept stocks such as Netease, Sina and Sohu. At that time, China's Internet bubble burst, and Nasdaq was full of sorrow. He strongly "copied the bottom".
Duan Yongping has a close relationship with Ding Lei. The origin of their friendship was at the end of 21, when Netease suffered serious operating losses, American investors filed a lawsuit, and delisting was in jeopardy. Ding Lei sought advice from Duan Yongping, who was 1 years older than him. While giving advice, Duan Yongping listened to Ding Lei about Netease's next strategy. He heard from Ding Lei that Netease should concentrate its forces on R&D and online games, and saw from the financial report that Netease's cash per share was as high as $2 at that time, but its share price was less than $1 at that time, which made him feel heartbroken.
Shortly after they met, Duan Yongping decisively bought more than 2 million Netease shares with his own funds and raised funds.
as we all know, Netease's share price soared, and in October 23, its share price rose to $7. Duan Yongping netted more than $1 million from a stock of Netease.
in September, 23, Duan Yongping told us in an email that he had sold more than one million shares of Netease before, with an average price of $35. "I didn't expect it to go crazy later," Duan Yongping said. The day before I wrote this email, Netease's share price closed at 57
Duan Yongping is an excellent investment tycoon, and everyone agrees with him.
Actually, what I want to share with you is the success of the era when Duan Yongping grew up. As Liu Xiaoqing said, it was too easy to start a business at that time, just like the parking lot was empty, but now the parking lot is full, so there are no opportunities.
At that time, all walks of life were full of opportunities, such as Han Lei's success in singing and Liu Xiaodong's success in painting.
For Duan Yongping, firstly, he was admitted to Zhejiang University. In fact, this shows that he was extraordinary since he was a child, and he had the consciousness of taking the initiative to endure hardships and accumulating himself.
Secondly, he was assigned to an electronics factory and entered the factory like many college students. If he just stayed there, there would be no way out. Seeing this, he still resigned. In fact, it was not so easy to get out of the resignation step, which was the second hurdle he had passed.
Thirdly, he went to school again, perhaps because he had contacts in the business school environment, so he later went to Shenzhen to become the director of the bully learning machine. This step is crucial and huge, not only professional knowledge but also contacts, just like Einstein couldn't find a job after graduating from university or a classmate helped him go to the patent office. Here, Duan Yongping gave full play to his ability and started the rumor about the bully. But he saw that the system constrained the development, so he proposed to change it into a shareholding system, but it was not approved, so he left.
fourthly, he founded his own enterprise, BBK, which is his own enterprise, completely implementing his ideas, and naturally doing better, and from here he also had his own pupil and subsequent development.
He quit when his business was basically completely successful, and he moved to the United States at the request of his wife.
Fifth, in the United States, he completely started financial investment, and paid Buffett for dinner. In fact, he also explained his modesty in learning investment, but he may not learn anything, but he can expand his popularity and integrate into other people's financial circles. At this time, he also saw that Duan Yongping's investment ability bought Netease and earned more than 1 times, and he also bought Shenzhen Vanke 2 yuan and sold it in 8 yuan. Generally speaking, Duan Yongping stocks, which have never played stocks, play so brilliantly. What is the reason? Many retail investors still can't make a profit after studying all their lives. What does this mean?