Dan Bin's Latest Insights: Liquor Investment Logic Shifts, AI Far from Bubble Territory, 2024 Could Be the Year of AI Applications

On December 21, Dan Bin, Chairman of Oriental Harbor, shared his investment perspectives on artificial intelligence (AI) and liquor stocks during the Snowball Carnival event.

Dan Bin emphasized that the AI revolution represents a generational opportunity comparable to the Industrial Revolution, spanning "a cycle of over 10 years." He believes AI could mark humanity’s transition from carbon-based to silicon-based life, potentially enabling interstellar exploration in the distant future.

Fully committed to AI, Oriental Harbor’s overseas fund holds NVIDIA as its top position, followed by Alphabet . Dan Bin predicts 2024 will be a breakthrough year for AI applications, with foundational and application layers advancing rapidly. He dismisses current concerns about an AI bubble, stating the sector is far from overvaluation.

Regarding the liquor industry, Dan Bin notes shifting dynamics. Declining real estate values have eroded middle-class wealth, while demographic changes pose long-term challenges. He advises investors to adapt, focusing on "crown jewel" companies or index funds like Nasdaq or S&P ETFs, but warns against leveraged trading.

Dan Bin also discussed the intense competition between Alphabet and OpenAI, noting their rivalry could accelerate innovation. He remains bullish on NVIDIA, citing its reasonable valuation (under 20x forward P/E) and growth potential.

On liquor stocks, he highlights structural headwinds: shrinking demographics and changing consumption habits among younger generations. While acknowledging the resilience of premium brands like Kweichow Moutai <600519>, he stresses the need for vigilance.

For retail investors, Dan Bin recommends concentrated bets on elite companies or broad-based ETFs, reiterating the dangers of margin trading. His philosophy centers on long-term vision: "See far, aim accurately, invest heavily, and hold steadfast."