Yang Delong: Believe in the country's fortune, it's better to buy good stocks now than to buy a house.
At the shareholders' meeting, Yang Delong, Chief Economist of Qianhai Kaiyuan Fund, told Sina Finance, "I believe that national prosperity is beneficial to us. We must have faith in national prosperity and believe that high-quality Chinese assets will bring good returns to everyone in the future." He believes that in the past, wealth disparity between people was determined by whether you owned a house, what kind of house you owned, and where you bought it. However, in the future, it will gradually be determined by whether you have bought good stocks or funds, how many good stocks and funds you have bought. This may be more crucial. In other words, we must remember what Warren Buffett said at today's shareholders' meeting: the return on investment in real estate is far less than that of investing in the shares of good companies.
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