The full video of the dialogue segment with Duan Yongping lasts 113 minutes.

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1⃣️On Stock Trading

Investing in stocks is very difficult to make money; most retail investors lose money in both bull and bear markets. Don't think of yourself as the special one who will succeed.

2⃣️On AI

AI is definitely something that will bring significant changes, but it is not completely clear what exactly those changes will be. However, investing in AI cannot be replaced.

3⃣️Discussion on Being the Boss

Shareholder dividends are what shareholders are entitled to, while employee bonuses are what employees should receive. When bonuses are given, there is no need to say thank you to the boss; it is all according to the contract.

4⃣️On Human Resource Management

Finding the right person comes from choosing over time, primarily divided into two types: one is the wrong person, whom you gradually eliminate, and the other is a person who has both good and bad qualities. They might have a point in what they say, but after recognizing your culture, they feel comfortable staying and will follow you.

5⃣️Discussion on Investment

Investing is simple, but not easy. Simple means you must look at the company, you must understand the business, and you also need to comprehend the future cash flow. The difficulty lies in the fact that it is hard to achieve this; most companies are not easy to understand.

6⃣️On Education

Everything that parents do is actually to give their children a sense of security. Conversely, things that undermine that sense of security should not be done, such as hitting children or letting them go hungry. If you say that if you don't hit them, they won't listen, then you need to find other ways.

7⃣️On Decision-Making

Jobs told Tim Cook that as CEO, you make decisions and shouldn't think about what I, Jobs, would do. That's correct. It's like I tell everyone: they are the CEO and they must make decisions without thinking that Adam would do it this way. If you think that way, we are done.

8⃣️On Learning

What you mainly learn in university is the method of learning; you build confidence that when you encounter something you don’t understand, you can learn it. In this way, your fear of the future will be greatly reduced; otherwise, you will be afraid of everything.

9⃣️On Corporate Culture

Corporate culture is closely related to the founder, who embodies his own personal qualities. Then you look for those who recognize you and your culture. A good culture will eventually lead back to the right path, as there will be a guiding North Star indicating what to do. It's easy to make mistakes when merely discussing business; in fact, the probability of making mistakes is similar for everyone. It’s just a matter of whether you continue to make those mistakes and whether you have the ability to stop doing this.

✅Ultimate Quote

It is important to do what you love.