Give up on 'seeing to the bottom at a glance,' and you will see the real world.
Six years ago, the boss (X @ratsxp) asked Duan Yongping a naive question on Xueqiu: “The 90s generation around me no longer drinks white liquor, and the round table culture in young people's restaurants is gone. Is this the biggest risk for the white liquor industry?” Duan Yongping's response was almost cold: “I have no opinion, I don't drink white liquor myself, and I haven't seen young people drink white liquor.” He even added that he opened a bottle of Moutai and hadn't finished it in a year. Ratsxp did not get the answer he wanted and left with dissatisfaction. However, more than five years later, Duan Yongping's Moutai holdings were exposed—19 million shares, worth 27 billion RMB. Not only did he buy, but he also bought more and more.