Duan Yongping questions 'high consumption,' cites Pop Mart and wine

"Chinese Buffett" Tracking11-07

Value investor Duan Yongping questioned how to define "high consumption" in a Nov. 6 post on the Chinese investing forum Xueqiu, responding to a user who asked whether spending still makes him happy after achieving financial freedom. He cited Pop Mart products, playing sports and drinking good red wine as examples that can bring happiness.

"What is your definition of high consumption? Buying something you can't afford? I think buying Pop Mart products can indeed make you happy; playing ball also works; having some good red wine also works — do these count?" Duan wrote.

His remarks came as a reply to a follow-up about what "high consumption" behaviors he might have after financial independence and whether consumption still makes him happy. Duan did not offer a definitive definition, but his wording contrasted spending beyond one's means with discretionary purchases that provide enjoyment, placing the emphasis on affordability and personal satisfaction when assessing consumption.

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