KWEICHOW MOUTAI(SH:600519) Ge Long Hui·2025-12-09 02:50Core Viewpoint - The discussion highlights the challenges of speculation compared to value investing, emphasizing that a significant majority of retail investors lose money in both bull and bear markets [1] Group 1: Investment Perspective - Segment Yongping argues that many people find value investing difficult, but speculation is even harder, with 80-90% of retail investors losing money [1] - He suggests that holding onto a stock like Moutai for a long time is less challenging than understanding the broader market dynamics [1] Group 2: Moutai's Market Position - When asked about the outlook on Moutai, Segment Yongping expresses confidence in the brand, stating there is no reason not to be optimistic about it [1] - He notes that understanding the business of Moutai is easier for those who appreciate its product, as many of his friends enjoy drinking Moutai [1] - Segment Yongping believes that investing in Moutai is a better option than keeping money in the bank, although he acknowledges that there may be other investments with higher growth potential [1]