I accumulated my first Microsoft positions at $438 on 29th Jan 2026 thought it was a safe bet especially after dropping 20% from historical high $551, but the market disagreed with me and kept dropping non stop for months. As a value investor, I chose not to cut loss but DCA. I kept Dca many times till last positions at $358 in order to lower my cost to around $392. After four months of waiting, finally, Microsoft has its first genuine rebound. Hopefully, next ...

Many people aim to buy low and sell high, yet after a lifetime of trading stocks, they still haven’t achieved financial freedom by retirement. Yet, looking back at the stocks they once held, many would have already secured financial freedom simply by holding them long term! Why is that?
Recently, I finished watching the keynote speech titled 'Global Value Investing and Our Times,' delivered by Mr. Li Lu—often referred to as 'China’s Buffett'—at the 10th anniversary salon of the 'Value Investing' course at Peking University’s Guanghua School of Management. During his over two-hour presentation, he repeatedly emphasized a point that deeply resonated with me:
“In practice, I believe Mr. Lee Kuan Yew was right: rigorously replicate and implement approaches that have already been proven correct, and firmly avoid those proven unworkable. This is an exceedingly simple yet profoundly insightful principle of governance. Ultimately, we must adhere to the standard that practice is the sole criterion for testing truth…”
Who exactly is 'China’s Buffett'?
Many mistakenly assume Duan Yongping is 'China’s Buffett,' but Duan himself dislikes this label. The title truly belongs to Li Lu, who received this endorsement directly from Charlie Munger in the foreword Munger wrote for Li’s book *Civilization, Modernization, Value Investing, and China*.
When Li Lu quoted this statement, he framed it within a grand historical narrative. But if we apply the principles of 'rigorously replicating what works' and 'firmly avoiding what doesn’t' to the investment market, what do they actually mean?
Since I first started trading stocks in 2016, I’ve experienced a full decade of market turbulence. Through continuous cycles of losses, profits, learning, and deep reflection, I’ve not only weathered bull and bear markets but also witnessed...