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Learned a lot from Duan Yongping's videos
But I've never quite understood the investment in Moutai
Duan Yongping is reputed to be China's Buffett
He plays the long-term value investing game
The core of this investment philosophy is: the investment asset should have a growth trend in the long run
Does Duan Yongping really believe that Moutai will have a growth trend in the future?
Personally, I think Moutai and even the entire Baijiu industry are headed for a decline in the future
Whether from the perspectives of taste, show-off, socializing, or addictiveness
Moutai and Baijiu will have too many substitutes in the future, and many of these substitutes are actually on a growth trend
Could it be that Old Duan has seen something I haven't, but can't say openly?