Duan Yongping met Huang Zheng, one of the closed disciples, the "two heroes of Google", and was also a contribution to Ding Lei. After Huang Zheng graduated from Zhejiang University, he went to the University of Wisconsin, America to study computer science. With Ding Lei's recommendation, he met Duan Yongping, who is in the United States. Unexpectedly, the two who are 20 years apart in age have become friends from now on.

In 2004, just a few years after its rise, Google was in the limelight, but it still seemed particularly immature in front of Microsoft, the "big brother".

Huang Zheng, who just finished computer science at the University of Wisconsin, America, faced a difficult choice in the face of employment issues. He didn't know whether to choose Microsoft or Google.

At this moment, Duan Yongping's words kept him from wandering. In a private conversation with Duan Yongping, Duan Yongping said to him earnestly: "Google seems to be a very powerful company, and it is worth your visit. It is good for you to start a business in the future. If you go there, stay for at least three years, because you will not be able to truly enter important institutions and departments in one or two years, so you will not be able to truly understand this company.

Huang Zheng, who had studied at Google, later said with emotion: "The income from work at Google has a feeling of falling from the sky." Because the rapid development of Google after its listing was Huang Zheng's bank account. When Huang Zheng recalled this experience, he said that Google contributed much more to him than he did to Google. It was not until he left Google for three or four years that he realized that having the opportunity to work in such a company at that time was indeed a thing to be proud of. Huang Zheng was lucky to seize this rare opportunity in decades. With the launch of Google, Huang Zheng had already had a net worth of millions of dollars at that time.

Huang Zheng has said to the public more than once that Duan Yongping is his mentor in life. When someone asked Huang Zheng what enlightenment Duan Yongping gave him in business and life, Huang Zheng replied this: "I think Duan Yongping's most influence on me is duty."

Duan Yongping’s so-called “duty” is “doing the right thing right; on the issue of principle, we cannot be separated from the attributes of things. Right is right, wrong is wrong, and right and wrong should not give way to benefits.” Although Pinduoduo has grown into a giant in the e-commerce industry, the problem of “counterfeiting” has always been a problem that Pinduoduo cannot get rid of.

Some time ago, a very popular movie starring Shen Teng in China, "The Richest Man in Xihong City" was released. There is a scene in the movie where the protagonist Wang Duoyu spent 40 million to buy a lot of stocks in the sunset industry, and he won the opportunity to have lunch with the stock god Buffett. Therefore, investors followed him one after another, which made him make a lot of money. He bought low-priced stocks and had a meal with the stock god. Isn't this story telling the story of Duan Yongping?

In 2006, Duan Yongping spent $620,000 to become the first Chinese to have dinner with Buffett. In addition to bringing his own son, Duan Yongping also brought Huang Zheng. At the dinner party, Duan Yongping asked Buffett: "What are the things that cannot be done in investment?" Buffett replied: "Don't short or borrow money, the most important thing is not to do things you don't understand." This coincides with Duan Yongping's investment philosophy. Duan Yongping summarized Buffett's investment philosophy very simply, "You only need to buy a stock, but you actually buy this company, so you must understand him, which is completely different from speculation!"

In this dinner with Buffett, Huang Zheng, who was attached to the horse, discussed the future e-commerce landscape with Buffett. It was this discussion that made Huang Zheng understand the power of the four words simplicity and common sense. After returning to China, he started his business four times in a row from this core. In just over three years, Pinduoduo, founded by Huang Zheng, has formed a trend of competing for the Central Plains and winning the world on the e-commerce platform Dayou and Alibaba, and JD.com.

This "sky-high" dinner was interpreted by the outside world at that time, and was criticized and abused in many domestic media, and even labeled as "respecting foreign countries and fascinating foreign countries". However, Duan Yongping looked calm and did not intend to cater to or appease any social emotions at all.

When someone asked him, "Is it a good deal to spend so much money just to have a meal with Buffett..."

Duan Yongping replied angrily at the time: "I don't regard eating with Buffett as a business, I just want to support him and tell the world that his things are indeed valuable. He is not short of this money, nor is it for this meal. It's not like some people imagine that I want to go to him to ask for a secret recipe and a brilliant plan. One day I can take it out and see it, and I just think it's fun." Because he paid for dinner with Buffett and Buffett out of his own pocket, which is his usual style.

In 2012, Apple's market value was about 300 billion US dollars. At that time, many OV employees and Duan Yongping bought the bottom and held heavy positions in Apple stocks. At that time, he said humorously: "The ov bosses are still awesome. While the products imitate the Apple style, they buy Apple stocks, which makes Apple make money for you several times."

Smart people are thinking about making money while buying competitors' stocks. In this way, even if they lose money, they can make money from their competitors' stocks. Of course, this premise is that it is very important whether the stock you choose has room for growth. In this regard, Duan Yongping is indeed much smarter than Jia Yueting.

Vanke is a stock that Duan Yongping bought in the Chinese market. Duan Yongping knew Wang Shi very early. Duan Yongping asked Wang Shi to come out to chat. When he met for the first time, Wang Shi was a little nervous. Duan Yongping smiled and said to Wang Shi: "You don't have to be nervous. I won't ask you how your performance is in this quarter. I just want to talk to you about corporate governance and corporate culture."

These are the "insider information" that Duan Yongping believes that investment is the most useful. In his own words, a company's future performance cannot be found. The key is to feel the managers of this company and their philosophy of running a business, so that they can further determine whether the company has the potential to invest.

Duan Yongping's investment philosophy is very simple, just in one sentence: "Buying a company means discounting the future cash flow of the company." Duan Yongping's investment style is a bit like Zeng Guofan's method of "building a tough village and fighting a stupid war". It has a higher business model for the investing company and a far-reaching view of the future development of the company. NetEase, which was invested in before, Moutai, and Apple, which are invested in now, are all reflecting this investment style.

Once the issue of Apple and Tencent WeChat official accounts rewards was very unpleasant. At this time, someone asked him: "What do you think about the issue of Apple and Tencent rewarding WeChat official accounts?" He replied: "I don't understand why Apple does this, nor do I understand Tencent's response measures. It seems that they are not considering the problem from the perspective of users, and good companies sometimes come up with bad tricks."

If there is indeed a preset track invisibly the social role of everyone, Duan Yongping will often be the person who suddenly leaves the track and lays another track on his own. It should be said that Duan Yongping believes that "self-feeling" and "happiness" are the most important things in a person's life.

When someone asks him, "When you have wealth that is as rich as a country, external things are the evaluation of you by outsiders, but do you feel very happy yourself?" When questions like this, he always smiles and answers: "Happy life is the greatest wealth. I have seen too many examples. Many people become unhappy after having money. I personally think it is stupid to be unhappy if a rich person is unhappy because of money.

"To this day, Duan Yongping said that he had just asked about domestic affairs. He returned to China two or three times a year, and he always asked Chen Mingyong and others to play, and did not discuss business. It is said that several companies still retained the position of chairman for Duan Yongping. When Duan heard that when he came, he would respectfully call him "Chairman".

Three years ago, a magazine interviewed Chen Mingyong and asked him to talk about Duan Yongping. He said this: "After he comes back, we will chat together and play basketball, but it is limited to entertainment. Duan has said a lot, one of the words is, leave this matter to you; if you can't do it well, you can do another thing, and you can close the company well; don't expect me to do anything else, I'm no longer here."

Although Duan Yongping has been away from this "jianghu" for a long time, there are still his legends in the "jianghu".

...

If you want to find a template for Wang Ye, then Duan Yongping is!

Wang Ye's career development trajectory is very similar to him, and Wang Ye also began to consciously cultivate his "disciples" very early, hoping that one day, even if he retires or retires behind the scenes, there are still suitable candidates to control the companies he founded.
Chapter completed!