'China's Buffett' Duan Yongping Casts Doubt on Laopu Gold's 'Hold and Accumulate on Weakness' Strategy

"Chinese Buffett" Tracking08-31

Value investor Duan Yongping reposted an investor's statement on Chinese platform Xueqiu on August 31, commenting: "How come it feels like you're trying to embolden yourself?"

The investor had written: "I will hold Laopu Gold for the long term! The more it falls, the more I buy! The more I can hold! Is this considered long-term holding?" Duan questioned the approach, implying it may be a form of self-reassurance.

Laopu Gold is a gold jewelry company that has recently drawn market attention due to stock price fluctuations. Duan, a well-known value investor, often influences market sentiment, but this comment neither endorses nor dismisses the company or the strategy.

As of publication, Duan has not provided further clarification.

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