On the afternoon of May 4, local time, the 9th Buffett Shareholders' Meeting hosted by Sina Finance and the Chinese and American Investors Reception was held at the Downtown Omaha Marriott Hotel. The reception was the largest and most influential investor exchange event during Buffett's shareholders' meeting. Investment elites, heads of Chinese public and private equity funds and brokerage firms, and executives of listed companies attended the conference and began a high-quality conversation.
Yang Delong, executive general manager of Qianhai Open Source Fund, attended the conference and delivered a speech. He said that like Buffett's shareholders' meeting, every time I go to the Maotai shareholders' meeting, I can meet many people who have achieved wealth freedom through long-term holdings.
The following is a transcript of some of Yang Delong's speeches:
For example, many of the long-term shareholders who attended Buffett's shareholders' meeting have already achieved financial freedom. We also read reports online that Buffett's younger sister basically lay flat 30 years ago and didn't need to work, because she had a good older brother. After buying Berkshire Hathaway, it went up 3,000 times and bought it for 200 dollars. Who wouldn't want to have such an older brother now. But it doesn't matter if you don't have such an older brother, as long as you stick to value investing. According to another report, an American professor and his wife both went to medical school. After the old man died, his wife donated her Berkshire Hathaway shares to the medical school, which amounted to 1 billion US dollars. Can you imagine two medical school professors being able to donate $1 billion? Just because I bought Berkshire Hathaway.
I'm sure there are many stories like this among shareholders.
Similarly, every year at the Maotai Shareholders' Meeting in June, we also saw many people who have achieved financial freedom by holding Maotai for a long time. In June of last year, I went to Maotai Town to attend the shareholders' meeting. I met Mr. Lin Yuan last year, and Mr. Dan Bin also went there last year. We drank tea and chatted together. Every time we went, we met many people who have achieved freedom of wealth through long-term holding.