Yang Delong: Believing in the national fortune, buying a house now is not as good as buying good stocks.

Yang Delong, Chief Economist of Qianhai Kaiyuan Fund, said in an interview at the Buffett shareholders meeting that we should trade with various countries in an open manner. US trade protectionism will undermine trust with trade partners and cause many countries to sell off US dollars and US bonds. This is also an opportunity for the internationalization of the Chinese yuan. So I believe that the national prosperity will benefit us, and we should believe in national prosperity. I believe that Chinese high-quality assets will bring good returns in the future. Especially after the end of the golden investment period in real estate, the direction of the transfer of residents' savings will shift towards the capital market. Therefore, equity investment will become a very important investment direction. We must remember what Buffett said at the shareholders meeting today: the return on investment in real estate is far lower than that of investing in shares of good companies.