Many people are very interested in investor段永平 and want to gain a deeper understanding of his investment style and life trajectory. To be honest, he is indeed a very special presence.

As a Chinese-American, he has lived in California for over twenty years, but his fame in China is not particularly high because he is known for being very low-profile. What's more interesting is that his identity is quite complex—he is a successful entrepreneur, an excellent business manager, and also a master investor. The once-famous companies like 小霸王 and 步步高 have all experienced his founding and operation. As for the current domestic mobile phone brands with good reputation but also low-profile, such as VIVO and OPPO, he has played a pivotal role in these companies, and can even be considered one of the key founders of these enterprises.

To distinguish him from other value investors, this point is particularly interesting. Investors like 林园 and 董宝珍 are essentially professional fund managers. They earn commissions and returns by managing funds for others. But段永平 is different; he is a pure individual investor.

Why is there such a difference? Essentially, once a person has earned enough money through investing and entrepreneurship, they may no longer be willing to bear the constraints of managing client funds. Investors often call frequently for consultations, become restless when the stock market fluctuates, and various issues arise one after another. You need patience to answer, explain strategies, and handle emotions. These costs and mental efforts are really unnecessary for someone who is already financially free. Managing funds for others, in essence, is still working for others, just under a different name, and still earning commissions. Since the money is already sufficient, why impose another burden on oneself? Of course, he may have helped some friends and family within a small circle, but that’s a different matter altogether.