---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/33134299.md"
description: "1. Buying stocks is buying a company.2. The most important thing about a company is its business model, and being able to understand the moat of this business model and the cash flow it will generate in the coming years.3. Don't do what you don't understand.—"Duan Yongping's Core Views""
datetime: "2025-08-19T16:16:28.000Z"
locales:
  - [en](https://longbridge.com/en/topics/33134299.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/33134299.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/33134299.md)
author: "[豪贼](https://longbridge.com/en/profiles/10720720.md)"
---

# 1. Buying stocks is buying a company.2. The most i…