I've told you long ago, I've been dealing with Mr. A-share market for 15 years, and I know his temper best. To put it bluntly, I understand what most of you really think. Many of you, after talking with me in the stock market for just five minutes, I can tell what kind of personality you have. Why do I understand you so well? Because Brother Ba has walked this path himself—everything you're experiencing now, I've already been through.

Now that you see consumer stocks starting to rise, many of you must be slapping your thighs in regret or rushing in impulsively again. Remember, back when Brother Ba bought Wuliangye at 108 yuan, you all called him a clown. That's human nature.

Alright, Brother Ba is particularly happy today and can't help but share some valuable insights. Listen carefully, because I won't say this again in the future.

When a stock is in a pessimistic phase, everyone desperately looks for negative news, thinking a P/E ratio of 10 is still too expensive. In reality, this is precisely when you should buy, buy, and buy—don’t be afraid of the dip. The assets are already giving you a 10% return. Even if corporate profits decline, the stock price has already reflected this negative expectation. It’s precisely when everyone is pessimistic that you get a great opportunity. This is Mr. A-share market for you—when pessimism hits, everyone is terrified and loves to follow the crowd. Generally speaking, a perpetual consumer stock can sustain a P/E ratio of 25 because interest rates are low. Interest rates are the spearhead of all asset pricing. Good opportunities usually don’t wait for you too long—you need courage. Don’t panic and abandon ship at the slightest market turbulence. That kind of mentality is unacceptable. What you need to do is see what Mr. Market can’t see in advance. Got it? That’s all for today’s lesson.

$Wuliangye Yibin Co., Ltd.(SZ000858)$ $Inner Mongolia Yili Industrial Group Co., Ltd.(SH600887)$ $Fuling Zhacai Group Co., Ltd.(SZ002507)$