At the 2025 Analyst Conference—dubbed the "Oscars of Capital Markets"—experts and institutional leaders gathered to discuss strategies for navigating market cycles. Dan Bin, founder and chairman of Oriental Harbor, delivered a keynote speech outlining his investment philosophy in the age of artificial intelligence (AI).
**From "Regret" to "Action"** Reflecting on his firm’s founding in 2004, Dan Bin admitted, "Had we recognized the rise of mobile internet, we should have converted all our capital into HKD to buy Tencent." Holding it until now would have yielded returns of 600–700 times. This "missed opportunity" became a lesson for the next technological revolution. In 2022, as AI began reshaping industries, Dan Bin declared, "This time, we did what we should have done in 2004"—heavily investing in NVIDIA and other AI leaders.
His decisions are research-driven. Earlier this year, when markets feared AI would disrupt Google’s business, Oriental Harbor’s analysis concluded the opposite: "AI will *boost* Google’s growth." This led them to increase Google to their second-largest holding—a move mirrored by top investors like Berkshire Hathaway, George Soros, and Duan Yongping. "Berkshire’s stake is like ringing a bell, signaling not to miss this era," Dan Bin remarked.
**Long-Term Thinking Amid "Bubble" Concerns** Addressing skepticism about AI valuations, Dan Bin cited history: "Tencent’s 2004 IPO wasn’t early in the internet era, yet long-term holders gained 600–700x. Buffett’s 2016 Apple bet, amid a mature mobile internet market, still delivered 10x returns." He stressed evaluating opportunities through 20–30 year industry cycles, asserting, "The AI era has just begun."
Now nearing 60, Dan Bin sees this as "perhaps my last chance to seize a transformative era." From Tencent to AI, his portfolio shifts embody conviction—turning past regrets into decisive bets on the future.
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