Li Chi suddenly clears holdings of Ping An of China and responds: be careful to imitate
Recently, private equity tycoon Li Chi posted on Weibo and revealed his clearance of Ping An of China, which soon stirred a sensation in Ping An’s investors circle. According to public information, Li Chi is the founder of Shenzhen Co-power Investment Management Company and was once hailed by *Securities Market Weekly* as one of the three most successful investors to "copy Buffett" in China. In the memory of many old stock investors, Li Chi can be described as a die-hard fan of Ping An of China. As early as 2008, when Ping An's investment in Futong suffered a huge loss, Li Chi wrote an article to support Ping An, and since 2009, he has firmly held Ping An. During the period, Ping An's stock price once fell to single digits, but Li Chi’s long-term perseverance has also brought him rich returns.
Now the die-hard fan has left. Does it mean that Ping An has no investing value? In response, Li Chi posted a long article on Weibo on June 29, saying that it was not important anymore to study further why and when I left Ping An. What matters is whether history will repeat the value growth change imitation show a decade ago. This time, will you make the correct choice?
Source: Yicai.com
translation: InsurView
https://www.reddit.com/r/StockMarket/comments/oc59m1/li_chi_suddenly_clears_holdings_of_ping_an_of/
