Yang Delong talks about Buffett's value investing: In the Chinese market, it is essential to add a Chinese characteristic

Yang Delong, Chief Economist of Qianhai Kaiyuan Fund, stated at the 2025 Buffett Shareholders' Meeting Chinese and American Investors' Cocktail Party that many people are beginning to question whether value investing, like that of Buffett, is suitable for the A-share market. We know that anything introduced to China must have Chinese characteristics; otherwise, it may be difficult to apply fully. I also mentioned that Buffett's best investments are not necessarily understood as long-term holdings; in fact, the stocks he holds for the long term are quite limited, and most stocks are sold after a short holding period. In fact, some people say that additional investments are long-term holdings, but I believe it is a result, not that you hold for the sake of holding long-term. It is essential to follow policies, and you must avoid areas that are suppressed by policies