A classic investment case always helps to illustrate the point. In early October 2011, a tech giant experienced a key leadership change, with a successor taking over. At this moment, a seasoned investor actually increased their stake in the company—completing their position in November.



This decision may seem bold, but it actually reflects a profound investment logic: buying stocks is essentially buying a company, not just a particular individual. Truly valuable companies derive their vitality from their core corporate culture and business model, not from any one leader.

The reason this investor dared to bet at such a sensitive time stems from his deep understanding of the company—he saw what sustains the company's continuous progress: a relentless pursuit of innovation and unwavering focus. These qualities have long been embedded in the company's DNA and are not shaken by a leadership transition.

This teaches us: the highest level of investing is truly understanding a company.
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FUDwatchervip
· 01-04 03:29
Buying people is not as good as buying systems; this is the true investment of the mind. Those who see through this can make big money.
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LonelyAnchormanvip
· 01-03 09:32
That's right, changing the coach doesn't change the core, this is true investment wisdom.
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CryptoTarotReadervip
· 01-03 06:47
That's why I favor certain projects based on their ecosystem and mechanisms rather than the team; I focus on whether they can actually run smoothly.
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FrogInTheWellvip
· 01-03 06:44
Well said, that's why some people make big money when everyone is panicking... True experts don't focus on who is just sitting there.
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FadCatchervip
· 01-03 06:43
Brilliant, that's exactly the point. Buying a company isn't about buying a persona; only those who understand this can make money.
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SchrodingerAirdropvip
· 01-03 06:37
This guy really understands the essence of investing. To put it simply, it's about evaluating the company itself rather than the persona.
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