《方略》上新！方三文对话段永平：买股票就是买公司，但看懂公司不容易

Core Insights - The first episode of the third season of the investment dialogue program "Fanglue" features a conversation between Fang Sanwen, the founder and chairman of Xueqiu, and renowned investor Duan Yongping, focusing on his personal experiences, investment philosophy, and understanding of companies [1][5] Investment Philosophy - Duan Yongping emphasizes the importance of corporate culture based on "integrity" and the principle that "buying stocks means buying companies," which has had a significant impact in both the business and investment sectors [5][6] - He reflects on the challenges faced during the transition from feature phones to smartphones and the core reasons for leaving his company, Xiaobawang [6] Investment Decisions - Duan Yongping compares his investment decision-making process to Warren Buffett's analogy of making 20 holes on a card, stating that his significant investment decisions are fewer, amounting to less than "10 holes" [7] - He provides a detailed analysis of his holdings and shares unique insights on popular sectors [8] Program Impact - Since its launch in July 2022, "Fanglue" has featured various notable guests, including well-known investors and economists, establishing a broad influence in the industry [8]