Duan Yongping's acquaintance with Huang Zheng, one of the "Google Heroes", is also the credit of Ding Lei, Huang Zheng went to the University of Wisconsin to study computer science after graduating from Zhejiang University, and met Duan Yongping, who was also in the United States, under the recommendation of Ding Lei, he did not expect that the two with a 20-year-old age difference have since become New Year's friends.

In 2004, just a few years after its rise, although Google was in the limelight, it was still particularly immature in front of Microsoft's "big brother".

Huang Zheng, who had just finished studying computer science at the University of Wisconsin, was faced with a difficult choice in the face of employment problems, and he did not know whether to choose Microsoft or Google

At this moment, Duan Yongping's words made him not linger, and in a private conversation with Duan Yongping, Duan Yongping said to him earnestly: "Google seems to be a very good company, it is worth your visit, which is good for your future business, if you go, you will stay for at least three years, because one or two years will not really be able to enter important institutions and departments, so you will not be able to really understand the company."

Huang Zheng, who finished his studies at Google, later said with emotion: "The income from working at Google has a feeling of pie in the sky. "Because corresponding to the rapid development of Google after its listing, it is more and more 0s on Huang Zheng's bank account. Huang Zheng recalled this experience and said that Google gave him far more than he contributed to Google. It wasn't until he left Google for three or four years that he realized that it was a matter of pride to have the opportunity to work at that kind of company at that time. This once-in-a-lifetime opportunity in decades, Huang Zheng was lucky to seize it. With the listing of Google, Huang Zheng at that time already had a net worth of millions of dollars.

Huang Zheng has said more than once that Duan Yongping is his mentor in life, and when someone asked Huang Zheng what inspiration Duan Yongping gave him in business and life, Huang Zheng replied like this: "I think Duan Yongping has the deepest influence on me is my duty"

Duan Yongping's so-called "duty" is "to do the right thing + to do the right thing; on principled issues, we cannot depart from the attributes of things, right is right, wrong is wrong, and right and wrong should not give way to interests." Although Pinduoduo has grown into a giant in the e-commerce industry, the "copycat" problem has always been a problem that Pinduoduo cannot get rid of.

Some time ago, starring Shen Teng, a very popular movie in China "The Richest Man in Xihong City" was released. There is such a scene in the movie, the protagonist Wang Duoyu spent 40 million to buy a lot of sunset industry stocks, and won the opportunity to have lunch with Warren Buffett, so the shareholders followed up, and he made a lot of money. Buying penny stocks and eating with the god of stocks, isn't this story about Duan Yongping?

In 2006, Duan Yongping spent $620,000 to become the first Chinese to dine with Warren Buffett. At the dinner, Duan Yongping asked Buffett: "What are the things that can't be done in investment?" Buffett replied: "Don't short, don't borrow money, the most important thing is not to do things you don't understand." This coincides with Duan Yongping's investment philosophy, which summarizes Buffett's investment philosophy very simply, "You only need to buy a stock, you are actually buying this company, so you have to understand him, which is completely different from speculation!"

That is, this dinner with Buffett, Huang Zheng and Buffett discussed the future e-commerce pattern, and it was this discussion that made Huang Zheng understand the power of simplicity and common sense. In just over three years, Pinduoduo, founded by Huang Zheng, has formed a trend of competing with Ali and Jingdong on the e-commerce platform and winning the world.

This "sky-high" dinner was also over-interpreted by the outside world at that time, criticized and abused in many domestic media, and was even labeled as "admiring foreign and flattering foreigners", but Duan Yongping was calm and calm, and he didn't plan to cater to or appease any social emotions at all.

When someone asked him, "Is it ......worth it for you to spend so much money just to have a meal with Warren Buffett?"

Duan Yongping replied angrily at the time: "I don't take eating with Buffett as a business, I just want to give his old man a show and tell the world that his old man's things are indeed valuable, he is not short of this money, I am not for this meal, not as some people imagined, I went to him to ask for a secret recipe, a clever plan, one day I can make a fortune when I take it out and see it, this is all nonsense, I just think it's fun." Because he paid out of his own pocket to eat with Buffett and Buffett, which is his usual style.

In 2012, when Apple's market value was about $300 billion, many OV employees and Duan Yongping bought Apple stocks together. At that time, he also said with a lot of humor: "It's still the OV bosses, while the product imitates the style of Apple, while buying Apple stocks, let Apple help you make money a few times." ”

Smart people are all trying to make money while buying competitors' stocks. In this way, even if you are hanging, you can make money from the opponent's stock, of course, this is provided that the stock you choose has no room for growth. At this point, Duan Yongping is indeed much smarter than Jia Yueting.

Vanke is a stock that Duan Yongping bought in the Huaguo market, Duan Yongping has known Wang Shi for a long time, Duan Yongping asked Wang Shi to come out to chat, and when they met for the first time, Wang Shi was slightly nervous. Duan Yongping smiled and said to Wang Shi: "You don't have to be nervous, I won't ask you how your performance is this quarter, I just want to talk to you about corporate governance and corporate culture."

In his own words, the future performance of a company cannot be asked, the key is to feel the company's managers, to feel their business philosophy, in order to further determine whether the company has the potential for investment.

Duan Yongping's investment philosophy is very simple, that is, one sentence: "Buying a company is buying a company's discounted future cash flow." Duan Yongping's investment style is a bit like Zeng Guofan's method of "hardening the village and fighting a dumb battle", which is to have a high business model for the investment company and a far-sighted view for the future development of the enterprise. NetEase, which was invested in before, and Moutai and Apple are all embodied.

Someone asked him, "What do you think about the issue of Apple and Tencent tipping on WeChat official account?" He replied: "I don't understand why Apple did this, and I don't understand Tencent's response." It seems that none of them think from the user's point of view, and good companies sometimes make bad moves."

If there is indeed a preset track in everyone's social role, Duan Yongping is often the one who suddenly goes off the track and lays another track on his own. It should be said that Duan Yongping believes that "self-feeling" and "happiness" are the most important things in a person's life.

When someone asked him: "When you have the wealth of a rich country, the external things are the evaluation of you by outsiders, but do you feel very happy?", and so on, he always replied with a smile: "A happy life is the greatest wealth, I have seen too many examples, many people become unhappy because they have money, and I personally think that if a rich person is unhappy because of money, it is very stupid."

To this day, Duan Yongping said that he has long been unable to ask about domestic affairs, and returns to China two or three times a year, all to play with Chen Mingyong and them, and not to talk about business. It is said that several companies still reserve the position of chairman for Duan Yongping, and when they hear that Duan is coming, they will respectfully call him "chairman".

Three years ago, a magazine interviewed Chen Mingyong and asked him to talk about Duan Yongping, and he said: "After he comes back, we will chat and play ball together, but it is only for entertainment." Ah Duan has said a lot, one of which is, leave this thing to you, if you can't do it well, you do another thing, you just shut down this enterprise properly, don't expect me to do anything more, I don't have a heart here anymore. ”

Although Duan Yongping has been away from this "Jianghu" for a long time, "Jianghu" still has his legends.

……

If you want to find a template for Wang Ye, then Duan Yongping is!

Wang Ye's career development trajectory is very similar to him, and Wang Ye is also like him, he began to consciously cultivate his "disciples" very early, that is, he hopes that one day, even if he retires and retires behind the scenes, there are still suitable people to control these enterprises he founded.

Li Qinghuan, Wang Yan, Liu Wenjuan, Ye Caini, Xu Jing, etc......