但斌 30 年投资哲学：时代永远向前，市场永远有噪音，真正的难点就三个！

Core Insights - The focus of the recent private equity discussions revolves around Dan Bin, who shared his 30-year investment philosophy at the China Europe International Business School forum, revealing his $9.2 billion overseas fund holdings and addressing performance compliance concerns through a social media post [1] Group 1: Investment Philosophy - Dan Bin emphasizes the importance of buying during market panic, stating that true investment success lies in making decisive moves when fear is at its peak, rather than making random purchases [4] - Historical data analysis shows that significant market downturns often lead to substantial recoveries over 1, 3, and 5 years, reinforcing his belief that the real challenge is to act decisively during times of fear [4] Group 2: Fund Holdings - The recent disclosure of Dan Bin's overseas fund holdings reveals a total of $12.92 million (approximately 92 billion RMB), with major investments in Nvidia ($236 million) and Google ($224 million), alongside new positions in Alibaba and other AI-related companies [5] - Dan Bin's investment strategy reflects a strong belief in the AI sector, asserting that the risk of missing out on a transformative era outweighs the risks associated with market bubbles [5] Group 3: Advice for Investors - Dan Bin advises investors to focus on assets that generate returns rather than speculative bubbles, suggesting that long-term perspectives can mitigate fear during market volatility [6] - He highlights the importance of currency and asset structure, warning against holding assets in depreciating currencies, and emphasizes that true wealth accumulation is based on understanding technological advancements rather than market timing [7] Group 4: Compliance and Transparency - In response to compliance concerns regarding his fund's performance disclosures, Dan Bin clarified that his practices adhere to global investment performance standards (GIPS) and comply with overseas regulatory requirements, asserting that sharing performance data is a normal market practice [4][7]