Duan Yongping's investment logic is quite similar to CZ's. Both use the company's cash to buy back stocks/BNB. BNB works the same way—just look at how BNB keeps rising, and BNB holders keep holding and winning effortlessly. @cz_binance Duan Yongping: The only true buyer for a company is the company itself. This means generating free cash flow through business development, then using it to grow the business further, buy back and cancel stocks, or distribute dividends. This is the essence of the stock market! ​​​ The moment you buy, all investors are calculating opportunity costs. It affects the efficiency of capital usage. Long-term value investing is an intention, but investing is about selling. Buying and selling are how value turns into profit. Whether to sell depends on opportunity costs. Investment decisions aren't based on PE ratios; they're determined by your future cash flow.