OUR PHILOSOPHY
We approach investing from the perspective of entrepreneurs, dedicated to achieving sustained capital appreciation and compounding through long-term investments in enterprises.
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1. Starting from the Circle of Competence
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We commit to investing only in industries we deeply understand and fully grasp.
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We cautiously and progressively expand our knowledge boundaries, refraining from investing in unknown or unfamiliar areas.
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We maintain an open mindset towards various investment opportunities, provided they fall within our circle of competence and can be effectively valued.
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2. Focused Investment in High-Quality Opportunities
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We avoid excessive diversification, instead concentrating on a few opportunities where we have the highest confidence.
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Investment targets must demonstrate clear competitive advantages or significant undervaluation.
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3. Ignoring Short-Term Market Volatility
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We consider ourselves long-term partners of businesses rather than short-term market participants.
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Our attention is centered on the fundamental performance and the realization of the intrinsic value of enterprises.
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We view short-term market fluctuations largely as manifestations of market sentiment, bearing limited relevance to the long-term value of a company.
4. Patiently Awaiting Quality Opportunities
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We prefer holding cash and waiting if clear, compelling investment opportunities are not identified.
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We strictly avoid rushed or arbitrary investment decisions, ensuring each investment meets our rigorous standards.
5. Long-Term Holding and Value Growth
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We commit to long-term holdings unless there is a significant change in a company's fundamentals or a substantial deviation between market pricing and intrinsic value.
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We firmly believe genuine value enhancement arises from the long-term growth of businesses themselves, rather than frequent trading.
By adhering strictly to these principles, we aim to achieve long-term, stable capital growth and maximize the compounding effects of our investments.