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"But a great example of BYD their investment how it went down more than 50% six or seven times once even 80% but they stuck to it invested in it for more than 30 years and did really well with that."
The speaker uses BYD as an example to illustrate the merits of value investing—despite severe drawdowns, the long-term hold rewarded investors. He emphasizes the importance of patience and maintaining a margin of safety in challenging market conditions.
Sentiment
