CK ASSET(HK:01113) Sou Hu Cai Jing·2026-02-15 07:48Core Insights - The article emphasizes the principle of not squeezing the last bit of profit from a market that is already declining, advocating for a more sustainable and diversified approach to business [1][3][13] Group 1: Business Principles - The concept of "not earning the last penny" suggests the importance of profit diversification and avoiding over-reliance on a single revenue source, as illustrated by the diverse product offerings of the "Journey to the West" group [3] - The Boston Matrix theory is introduced, categorizing products into four quadrants based on sales growth and market share, which helps businesses make informed decisions about product management [5] - The article highlights the risk management philosophy of Li Ka-shing, who has successfully divested from real estate projects at high valuations, demonstrating the importance of timely exits in investment strategies [7] Group 2: Case Studies and Examples - Li Ka-shing's strategic divestments from mainland real estate projects between 2013 and 2017, and his acquisitions in the UK, showcase his ability to anticipate market changes and act accordingly [7] - The story of Kou Yuanwai from "Journey to the West" serves as a cautionary tale about the dangers of excessive greed and the pursuit of superficial goals, ultimately leading to his downfall [9][11] - The article concludes that true business wisdom lies in recognizing when to relinquish potential profits for the sake of long-term sustainability and growth [13][14]