What kind of person can get rich? You can see it from small things. During the New Year, giving red envelopes to the mother-in-law, The eldest son-in-law gave 1000 yuan, The second son-in-law gave 900 yuan, The third son-in-law gave 800 yuan, The fourth son-in-law, gritting his teeth, directly gave 10,000 yuan.
Years passed, Others bought cars and houses, Living a good life, Only the fourth son-in-law is still standing still.
Why is that? Do you brothers know? Let's talk about it together~
China's Buffett - Duan Yongping's Q4 2025 U.S. stock holdings are officially exposed, with a total portfolio value of $17.489 billion, equivalent to over 120 billion RMB.
I have looked at it, and the adjustment strategy this round is very clear, continuing to bet on the AI sector.
After a slight reduction in Apple, he has significantly increased his layout in the AI industry chain, with NVIDIA holdings even surging 11 times, and he has newly invested in three companies in the AI sub-sectors.
As of the end of 2025, his U.S. stock portfolio holds a total of 14 stocks, with the top five heavyweights being Apple, Berkshire B, NVIDIA, Pinduoduo, and Google C.
The market value of Apple holdings is $8.797 billion, accounting for 50.3%. Although it was reduced by 7.09%, it remains a core holding;
Berkshire B saw an increase in holdings, with a market value of $3.607 billion, accounting for 20.63%;
NVIDIA holdings surged to $1.35 billion, accounting for 7.72%;
Pinduoduo and Google C also received slight increases in holdings.
In addition, he has significantly increased his positions in Microsoft and TSMC, while reducing holdings in Occidental Petroleum, Alibaba, and Disney, with lithography machine giant ASML being significantly reduced by 87.63%.
In terms of AI layout, apart from NVIDIA, Duan Yongping adopts a small position trial approach, with newly added CoreWeave, Credo Technology, and Tempus AI focusing on computing power leasing, data center interconnect, and AI healthcare fields, with a total position of only 0.28%, all being observational allocations.
He holds a long-term optimistic attitude towards the AI industry, believing its transformative power will surpass that of the Industrial Revolution and the Internet Revolution, but he also candidly states that 90% of AI-related companies currently have bubbles.
He only favors NVIDIA's irreplaceability in the short term, and believes that Google, with its technology and ecosystem, will become the core survivor in the large model race, and has set a goal to thoroughly understand the AI industry and then make a heavy investment by 2026.
Even when increasing investments in AI, Duan Yongping still adheres to the essence of value investing.
Apple maintains a half position due to its solid ecosystem and cash flow, and increasing holdings in Berkshire also continues to affirm his recognition of the value investment system.
The A-share market will also increase its holdings in Kweichow Moutai in January 2026, optimistic about its long-term brand value, strictly adhering to the principle of not investing in what one does not understand.
Harvard University's latest holdings have been revealed! Cryptocurrency and AI technology lead the way, with a highly concentrated position!!
The latest market value of the U.S. stocks and ETF portfolio managed by Harvard University is approximately $2.08 billion, with the top ten holdings accounting for as much as 86.9% of the total.
Here are the details of Harvard's top ten core holdings: ① Bitcoin Spot ETF: Holding ratio 12.8% ② Google: Holding ratio 12.2% ③ SPDR Gold ETF: Holding ratio 11.9% ④ Microsoft: Holding ratio 11.4% ⑤ Booking Holdings: Holding ratio 8.7% ⑥ Amazon: Holding ratio 7.6% ⑦ Union Pacific Railroad: Holding ratio 6.8% ⑧ Meta: Holding ratio 5.8% ⑨ Broadcom: Holding ratio 5.4% ⑩ TSMC: Holding ratio 4.5%
From the perspective of holding logic, Harvard's investment style is clearly discernible: First, extremely concentrated holdings, with the top ten stocks almost encompassing all public holdings, showcasing a very distinct heavy investment strategy; Second, gold assets remain core, with the GLD Gold ETF ranking in the top three, highlighting its long-term preference for safe-haven assets; Third, the holdings of the seven tech giants show divergence, with Google, Microsoft, Amazon, and Meta remaining in the top ten but with varying positions, while Nvidia suffered a significant reduction in the fourth quarter, directly falling out of the top ten heavy holdings list.
Therefore, there is still a lot of room for cryptocurrency..
Refuse noise, steady investment on day 411 Current ETH holding: 50 coins, cost $2373.67 Current BTC holding: 5.83 coins, cost $85183 Current SOL holding: 1847.32 coins, cost $156.4 Current LINK holding: 7550, cost $14.6 Today's operation: continue to mindlessly buy 0.06 coins of BTC, 5 coins of SOL, 50 coins of LINK Current account overall profit: -11.76%
The 2025 China Internet Profit Ranking has been released—ByteDance with 360 billion, crushing the combined total of Tencent and Alibaba.
But what's even more intriguing is the variety of situations on the list:
NetEase quietly made a fortune, with a 33% profit margin ranking first in the industry. Not competing for size, just doing the most profitable business, the old portal has become an invisible tycoon.
Meituan is the only loss-maker among the top ten. The food delivery war has turned brutal, with JD.com entering the fray and Alibaba increasing their investment, forced to burn money just to maintain market share. From profitability to losses, the rollercoaster ride reflects the harshness of instant retail.
Tencent remains stable as an old dog. The gaming base remains solid, and the video accounts have finally gained some ground, with 1.4 billion WeChat users being the deepest moat.
Alibaba shows awkwardness. The profit margin is less than half of ByteDance's; despite high revenue, it is using profits to buy tomorrow. The transition of new and old driving forces in the e-commerce empire is not so easy.
Therefore, this is no longer a three-way stand-off, but rather ByteDance alone supports an era.
At the card table, there are no eternal winners—regarding long-term value investment, this is also why I do not recommend everyone to heavily invest in individual stocks but rather to choose broad-based indexes.
I don't want to watch the Spring Festival Gala, so I wrote down 10 reflections for the New Year, hoping to inspire my brothers:
1. In this year, how much of the sweat you shed truly achieved your goals, and how much was just to move yourself?
2. Facing the floating gains and losses in your investment account, how much do your emotions fluctuate? Has this affected your normal work and life, making you unable to enjoy tea and food? Is it really worth it?
3. Among the hundreds of new names added in WeChat last year, how many are just acquaintances, added for social etiquette, and how many are people you genuinely want to befriend?
4. Among the spoils in your shopping cart, how many are real necessities in your life, and how many are things bought under the influence of online trends, ending up just unboxing a delivery box?
5. The interpersonal relationships you work hard to maintain, are they out of genuine care and mutual assistance, or merely accumulated as so-called networking resources to feel that the other party is useful for future emergencies?
6. How many of the work skills you possess are depreciating with the passage of time? If your industry can only survive for a year in the future, how would you transition?
7. Are your conversations with your parents and siblings always revolving around safe topics like "Have you eaten?" and "Take care of your health?", while burying heartfelt words like "I am very sad" and "I need you" deep inside?
8. In life, do you reserve your best temper for strangers while giving your worst temper to relatives and loved ones? Could this double standard become an invisible scar in intimate relationships?
9. You are always chasing distant scenery. Do you have time to stop and appreciate the flowers, trees, grass, and rivers by the roadside, feeling the tangible happiness of the present, rather than being anxious every day?
10. In the past year, were you striving to become an excellent template in others' eyes, or were you steadfastly being yourself, clearly hearing the sound of your own growth amidst the noise of the world?
The above 10 points are heartfelt wishes for everyone to have a smooth 2026.
Elon Musk stated what all economists dare not admit: the entire current economic system is about to collapse, and there is no force that can stop it.
Musk: "Prices will crash violently."
It’s not a small decline, but a complete collapse.
Artificial intelligence and robots are not creating growth; they are destroying the 'framework of scarcity' that economics relies on.
Musk bluntly said: "It will hit us like a supersonic tsunami."
Production is exploding exponentially, while the money supply is only increasing linearly; productivity maintains a sustained double-digit expansion, and those seemingly incredible numbers are about to become the norm.
This is not gradual evolution, but complete replacement.
Musk: "Prices will crash violently."
It’s not a small decline, but a complete collapse.
AI strips away labor costs, eliminates production errors, and removes all inefficient links that drive up commodity prices. The marginal production cost of any good will approach zero, while product quality continues to improve.
Governments will only respond instinctively: printing money, loosening monetary policy, stimulating the economy. This set of routines designed for a scarcity-based economy will completely fail when confronted with a material abundance they cannot comprehend.
Musk: "GDP indicators have long lost their meaning."
All traditional economic models are based on the assumptions of limited labor, constrained output, and slow efficiency improvements. But AI does not operate within this framework—it directly erases these premise variables.
Production surges, central banks unleash liquidity, yet prices will still crash. Because the speed of physical supply explosion far exceeds the degree to which any monetary intervention can offset.
The speed of the production wave will always run ahead of policy.
In all historical models, deflation is a signal of crisis. But this time, it is not a collapse in demand, but a supply moving towards infinity.
Reject noise, continue to buy, earn money that you understand. A good hunter must be patient. Never go all in, the market is unpredictable. Discipline is important everywhere. Value investing, slow is fast. Invest spare money, value investing, stay away from leverage, stay away from the black five categories. Most of the time, it's not about being wrong, but lacking the patience to wait for a big rise.
—————————— Reject noise, steady investment day 410 Currently holding 50 ETH, cost $2373.67 Currently holding 5.77 BTC, cost $85352 Currently holding 1842.32 SOL, cost $156.5 Currently holding 7500 LINK, cost $14.6 Today's operation: continue to mindlessly buy 0.04 BTC, 5 SOL, 50 LINK Current overall account profit: -10.92%
Awesome! Soros just updated his investment portfolio strategy worth $8.6 billion.
Established a $580 million bearish options position in energy. Liquidated a $234 million bullish options position in China. Increased holdings in Microsoft (MSFT) stock (up 159%) and TSMC (TSM) stock (up 157%).
Here's a summary of the significant changes: • $XOP bearish options: $415 million (new)
• $XLE bearish options: $163 million (new)
• Microsoft $MSFT: up 159% to $127 million
• TSMC $TSM: up 157% to $106 million
• Nvidia $NVDA: up 22% to $124 million
• CoreWeave $CRWV bearish options: $123 million (new)
Data flow related to a certain leading exchange has finally clarified who is losing money?
1. The win rate of consistently profitable traders is around 21.5%, while the win rate of consistently losing traders is as high as over 70%.
2. The proportion of fees for consistently profitable traders is far lower than that of consistently losing traders, with a difference of 21.7 times.
3. The holding time for profitable trades by top traders is 6.2 times that of losing trades.
4. Over the past three years, the proportion of traders with positive trading results is less than 5%.
5. The monthly trading frequency of consistently losing traders is more than 7.9 times that of consistently profitable traders in a year.
6. About 80% of profits come from 20% of trades.
7. Male traders account for 87%, while female traders only account for 13%.
8. Age distribution of traders: those over 55 account for 5%, those between 40-55 account for 21%, and those under 40 account for 74%.
9. Average return rate of traders with different trading frequencies over 3 years: More than 5 trades per day: -68%; More than 1 trade per day: -31.5%; More than 0.3 trades per day (1 trade every 3 days): 12%; More than 0.1 trades per day: +59%.
10. 93% of losing trades can be recovered, which is the reason for the higher win rate of consistently losing traders. The question arises, what about the 7% that cannot be recovered?
Duan Yongping's Ultimate Investment Advice: Buy the S&P 500 with your eyes closed, and in the end, you will make money.
Indeed, investing in US stock ETFs doesn't have to be too complicated.
Betting on the future of the US by buying the S&P 500, focus on VOO and IVV. Large scale, low fees (0.03%), and stable dividends (1.2%) are higher than domestic bank deposit interest rates, making it the most secure choice.
Believe that technology will change the future by buying the Nasdaq 100, keep an eye on QQQ and QQQM. Good liquidity, low rates (0.15%-0.18%), and dividends around 0.45% make it a top choice for long-term appreciation.
Listen less to noise, avoid obscure brands, and hold these few steady, which is better than anything else.
Reject noise, steady investment day 407 Current ETH holding 50 coins, cost $2373.67 Current BTC holding 5.61 coins, cost $85835 Current SOL holding 1827.32 coins, cost $157 Current LINK holding 7350, cost $14.7 Today's operation: continue to buy 0.06 coins of BTC, 5 coins of SOL, 50 coins of LINK Current account overall profit: -13.93%
Nowadays, various institutions predict, media reports, and various KOLs are full of the rhetoric that "Bitcoin is dead." But throughout history, countless millionaires were precisely born at such nodes.
So, at this stage, accumulating coins has always been profitable, brother.
Reject noise, steady investment on day 407 Currently holding 50 ETH, cost $2373.67 Currently holding 5.61 BTC, cost $85835 Currently holding 1827.32 SOL, cost $157 Currently holding 7350 LINK, cost $14.7 Today's operation: continue to buy 0.06 BTC, 5 SOL, and 50 LINK mindlessly Current overall account profit: -13.93%
Warren Buffett's greatest investment advice: “If you invest in stocks, you must be mentally prepared to watch them drop 50% or even 80%, and stay calm.”
1. Buy when others panic. 2. Concentrate on 5–10 truly promising companies, don't spread across 50. 3. Don’t focus on daily fluctuations. 4. Study logic and fundamentals, don’t fixate on candlestick trading. 5. Add to positions during major declines, don’t chase during major increases. 6. Never sell based on emotions. 7. Reduce exposure to financial media noise, focus more on financial reports. 8. Hold good stocks for years or even a decade, not just a few weeks. 9. Pay attention to catalytic events, don’t blindly trust candlesticks. 10. Treat volatility as an opportunity. 11. Don’t check your account once an hour. 12. Invest with a perspective of 10-20 years.
The market rewards patience and punishes impulsiveness.