T100 Chairman Dong Wenmei Receives Interview with Chongqing Evening News Reporter in the United States

T100 Chairman Dong Wenmei Receives Interview with Chongqing Evening News Reporter in the United States

Chongqing Evening News: “At present, domestic A shares have risen very well. Faced with A-share investment opportunities, we should continue to do industrial or investment in the stock market. Many of our peers have also been hesitant. But Buffett told us that he is firmly optimistic about the industry, no doubt We took a strong shot.” ​​Yesterday morning, Chang Wenmei, the longevity sister who was still in the United States, excitedly said in a telephone interview with the Chongqing Evening News.

Last night, the annual Buffett shareholders’ meeting was held in Buffett’s hometown of Omaha, Nebraska, USA. In contrast to previous years, the presence of a sister of Changshou District, Chongqing Municipality, was among the 40,000 people participating in the conference - Dong Wenmei, the founder of the well-known children's wear brand T100.

Dong Wenmei said that she did not make a special trip to the United States to participate in Buffett’s shareholders’ meeting. Before she stayed in the United States for a while, she mainly examined the local market and paved the way for the company's products to enter the United States. During this period, a friend of the domestic investment community sent an invitation to her. This opportunity could not be missed, so she temporarily changed her schedule and arrived in Omaha from New York for 3 hours. Despite the psychological preparations, after arriving at the scene, the meeting's high specifications still excited Dong Wenmei: “This shareholders’ meeting is also a celebration of Buffett’s 50th anniversary. There are a lot of people attending and I’ve heard that only 400,000 people in Omaha are meeting. An influx of 40,000 people took place. Bill Gates also came."

After the shareholders' meeting, Buffett made a special meeting with some of the participating Chinese investors and entrepreneurs. Dong Wenmei not only had the opportunity to come into close contact with Mr. Buffett and consulted with the business secretary. After the meeting, he also presented Buffett with a toy dog ​​that represented his corporate brand image. "Buffett was pleased to accept the gift and smiled and said to me: If your company is good, I will invest."

According to public reports, thousands of shareholders come to Omaha from all over the world each year to see Buffett style, listen to the stock investment dictionaries and economic outlook. One of these groups is a rapidly growing group of investors and entrepreneurs from China. Only a handful of Chinese people were able to be counted 10 years ago, and this year it has approached 2,000 people. To this end, Buffett's shareholders' meeting specifically provides simultaneous interpretation services in Chinese.

T100 Chairman Dong Wenmei Receives Interview with Chongqing Evening News Reporter in the United States

Dong Wenmei asked Buffett three times

In the half-hour exchange with Warren Buffett, Dong Wenmei and other investors and entrepreneurs from China talked to Buffett on topics of concern. Dong Wenmei told a reporter from Chongqing Evening News that she raised three questions with Buffett.

Dong Wenmei: At the moment, the Internet is very hot. Do you think that it will affect or even replace the entire economy?

Buffett replied: Regarding investment, my concern is still to invest in value rather than speculative investment. At the same time, I will always invest in industry, not just stocks. As for the Internet, it will affect the entire economy, but it is still a tool that affects economic development and cannot replace industry.

Dong Wenmei: At present, your investment direction?

Buffett: A preference for life-related industries (large consumer industries). Food, clothing, automobiles, yachts, airplanes, real estate, industries that eat, drink, play, and have physical support and are closely related to life. I am and will continue to invest. Industry is the real investment direction in the future. The real economy is relatively stable, and it is not easily affected by political factors. Well done, there is also cash flow support.

Dong Wenmei asked: I am a costumer. How do you see the opportunities in this industry?

Buffett A: This industry has a very good opportunity. In the eyes of our Jews, money for children and women is best earned. When you catch up with the best, you will never be out of date.

Stockholders warn A-share investors to pay more attention to falling stocks

Dong Wenmei told the Chongqing Evening News reporter that other investors and entrepreneurs from China also consulted Buffett on their respective concerns.

Q: Will you transfer a lot of investment focus to China in the future?

A: Yes, I have already set up a company in Hong Kong, and there are also many cooperations in the Mainland. There are also investments in mainland companies. I am very optimistic about China because China has spent 40 years doing the United States 200 years. This is a miracle.

Q: How do you see China's A shares’ bright eyes in the past year?

A: It may create opportunities. People are looking for easy ways, but the easy way is often wrong. I am more concerned about the stocks that are falling. This is different from the operation of general investors. I am not too concerned about a soaring market. I will pay attention to whether there is a chance for the market to fall.

Q: Your future investment plan?

A: We will buy a lot more (car) dealers, but mainly based on localization considerations. However, we will not involve financing business in car dealership business.

The old man in the eyes of Chongqing sister “he is younger than the picture”

Although it was the first time to meet, but shareholder God Buffett left a deep impression on Dong Wenmei.

“Although the 84-year-old is old, Buffett’s thinking is particularly clear. Answering the question is also a witty remark.” Yesterday, Dong Wenmei told a Chongqing Evening News reporter that Buffett’s philosophy of life and investment has not changed in 50 years: value investment, not speculation.

In addition to being reluctant, Dong Wenmei also witnessed Buffett’s optimism on the other side. The day before, Buffett’s shareholders’ meeting was held in a local basketball stadium similar to Omaha. After Buffett entered the scene, he started throwing newspapers. This is a fixed entertainment project at Buffett’s annual shareholders’ meeting. When Buffett was young, when the newspaper boy made pocket money, he grew up and acquired the “Washington Post” and “The Buffalo News”. The newsboy became a newspaper king.

This is the first time Dong Wenmei has met Buffett. She is very excited: "He is younger than the picture."

Dong Wenmei said that Buffett throws up newspapers at every shareholder meeting and is interested in it. In 2012, he was dressed as a newsboy and threw newspapers and sang songs: “I'm just a newsboy and I’m so happy because you’re buying money from the newspapers and getting into my pocket. ."