“中国巴菲特”里，谁今年亏钱最多？

Core Viewpoint - The article discusses the contrasting investment strategies of prominent Chinese investors, referred to as "Chinese Buffetts," in comparison to Warren Buffett, particularly during market downturns caused by tariffs and other economic factors [1][3][17]. Group 1: Investment Strategies - "Chinese Buffetts" like Dan Bin and Duan Yongping are known for their long-term investment philosophies, similar to Warren Buffett, focusing on the intrinsic value of companies rather than short-term market fluctuations [2][40]. - Dan Bin maintained a high position in Nvidia despite significant losses, while Buffett opted to convert stocks into cash, highlighting a divergence in their investment approaches during market volatility [3][13][17]. - Duan Yongping continued to buy stocks like Nvidia and Apple during market declines, demonstrating a commitment to his investment strategy despite short-term losses [31][32]. Group 2: Market Reactions - Buffett's strategy of selling stocks and holding cash reached a record high of $334 billion, indicating a lack of confidence in the stock market [13][15]. - The article notes that while Buffett's actions were initially questioned, they later proved to be prudent as the market faced significant downturns [16][17]. - In contrast, Dan Bin's heavy investment in tech stocks led to substantial losses, with estimates suggesting a potential decline of 30%-40% in his holdings [20][22]. Group 3: Long-term Perspective - The article emphasizes that value investing is a long-term endeavor, with short-term fluctuations being mere "interesting interludes" [5]. - Both Buffett and Duan Yongping share a belief in the enduring value of quality companies, focusing on long-term growth rather than immediate market reactions [36][38]. - Despite facing criticism for their strategies, both investors remain committed to their philosophies, with Duan Yongping expressing optimism about future returns following market downturns [24][40].