Duan Yongping’s one-liner made me laugh 😂

Someone approached Duan Yongping and asked:

“Mr. Duan, could you lend me 100 million yuan?
I’ll use it to buy a Nasdaq-100 ETF, then pay you back with a few hundred million in 10 years.”

They even said:

“If you can do that, you’ll be like a second father to me. My descendants for generations will remember you.”

Duan Yongping replied with just one line:

“Do you think I’m an idiot?”

That line is an absolute classic 🤣

A lot of people think:

If it’s going up in the long run, I can borrow money and go all in.

But what the real pros are thinking is:

Why should I take on the risk for you?

The biggest danger in investing isn’t missing an opportunity,
but mistaking “long-term investing” for “piling on leverage without thinking.”

Duan Yongping: Value investing is fine. Being your sucker isn’t.
$QQQ $SPY