"You can't just see stocks as mere symbols. You need to understand the company behind them. What are the company's economic characteristics? Who are its competitors? What about the management?"
"Once you fully understand these things, you can make relatively accurate predictions about a stock's future trend."
Yan Ning nodded thoughtfully, but still seemed a bit worried: "If you could only recommend one stock for me to hold long-term, which one would it be?"
Zhang Jingdong thought to himself, I could tell you that even without a lottery, so he said, "Guizhou Maotai."
"Why?"
Zhang Jingdong knew Yan Ning was testing him, so he answered seriously: "Back in the 1980s, the domestic liquor market was dominated by Fen Jiu, and Maotai's production was less than one-tenth of Fen Jiu's."
"By the 1990s, Wuliangye had become the undisputed king of liquor in Huaxia, far surpassing Maotai in both sales and reputation."
