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17-08-2021, 11:49 PM
(17-08-2021, 11:34 PM)Choon Wrote: As long as a business contributes value to society, stays relevant to society changing needs, I thought there is nothing to fear in respect of China government recent actions.
And contributing value to society should have been an important (if not the most important) criteria for any long-term value investment.
100% agreed. The most durable business has to be pro-stakeholders. I think if one watched a couple interviews of Daniel Zhang, you'd agree that he is on the same page.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger