Recently, Duan Yongping's Moutai bet has been trending. Took a look at Buffett, Munger, and Duan Yongping & Li Lu's picks: Duan Yongping: Apple, Moutai, Tencent Buffett: Apple, American Express, Coca-Cola, Google Munger: Costco, BYD Li Lu: Google, Pinduoduo Duan and Buffett's investment aesthetics are indeed similar: Apple = Apple, Moutai = Coca-Cola, Tencent = Google Three core points: - Consumers can't live without it - Competitors find it hard to replicate - Consistently generates massive free cash flow Even if it's a bit pricey, go for companies with long-term value that you can hold for 20-30 years.