Sometimes, what truly reveals that you still haven’t understood isn’t buying the wrong thing—it’s that you can’t help asking yourself: do I really understand it?
🏑 Netizen: I don’t look at candlestick charts or track the market day to day. I just hold Moutai + Tencent. For Moutai, I treat it as a business I can understand through “low-cost, low capital expenditure, and selling liquor that produces free cash flow,” explaining demand with cultural and emotional value. But when I self-check, I realize: if I use “people need dopamine, and liquor is social and cultural” to judge long-term demand—does that count as truly understanding? Or do I have to keep tracking the auction price of liquor, base liquor, and contract liabilities before I’m allowed to tell myself I’m not just comforting myself?
⛳️ Duan Yongping: People who really understand wouldn’t ask things like this, so you still haven’t fully understood. (2026.9.26)
🏑 Netizen: I don’t look at candlestick charts or track the market day to day. I just hold Moutai + Tencent. For Moutai, I treat it as a business I can understand through “low-cost, low capital expenditure, and selling liquor that produces free cash flow,” explaining demand with cultural and emotional value. But when I self-check, I realize: if I use “people need dopamine, and liquor is social and cultural” to judge long-term demand—does that count as truly understanding? Or do I have to keep tracking the auction price of liquor, base liquor, and contract liabilities before I’m allowed to tell myself I’m not just comforting myself?
⛳️ Duan Yongping: People who really understand wouldn’t ask things like this, so you still haven’t fully understood. (2026.9.26)