Few people truly practice what Duan Yongping preaches with consistency:

Keep reverse thinking forever, knowing what you don't want

If you can't clearly define where the boundaries are, it doesn't count as a real ability.

Remember:
Drowning victims are usually good swimmers. Admitting your ignorance is more important than displaying cleverness.

The first law of compound interest is: never interrupt it without reason

If you truly understand the power of compound interest, you'll realize that the key to investing isn't running the fastest, but whether you can persist in going the farthest. If you really understand it, just hold on—no tricks needed.

Investing is that simple; it's just that people tend to overcomplicate it. Nobody in this world doesn't want to make quick money. Knowing what cannot be done is extremely important.

The more confused you are, the further you should look ahead. Don't lose yourself in the messy things right in front of you. Instead, use end-game thinking to contemplate problems. Try imagining what things will look like 20 years from now, or even 30 years from now.

Some things seem confusing in the moment, but when you extend your time horizon, they become crystal clear. Looking ahead at the path is far more important than blindly rushing forward. If the direction is wrong, effort is wasted.

If you can select the best of the best and pick three stocks, each of which would be enough to allow your family's wealth to perpetuate forever, then holding just these three stocks would be sufficiently safe.

Remember: if you're not willing to own a stock for ten years, don't consider owning it for ten minutes.