In the stock market, the eternal debate between technical analysis and value investing continues to captivate investors. On this topic, legendary investor Warren Buffett has a famous theory: "Don't look at the fool, look at the ground." In Buffett's framework, the "fool" refers to emotional traders in the market who buy and sell frequently due to panic or greed, causing prices to deviate from value, while the "ground" represents the intrinsic value of assets. In essence, the "Oracle of Omaha" emphasizes that investors should focus on the intrinsic value of assets rather than short-term market fluctuations.
The ongoing Ping An Insurance (Group) Company Of China, Ltd. (601318.SH) Shareholder Festival on the Tonghuashun APP has gathered a group of value investors who are accustomed to "looking at the ground," discussing and sharing their years of stock selection experience with fellow investors.
A shareholder named "Fahui Jiaxing" highlighted key points for new investors, advising them not to be swayed by Ping An's short-term price movements, but rather to examine its "moat": First, a customer base of 240 million with a policy persistence rate of 96.4% (Note: According to Ping An Insurance's interim report, as of the end of June 2025, Ping An Insurance had nearly 247 million individual customers, with Ping An Life's 13-month policy persistence rate reaching 96.9%); Second, technology empowerment with AI-powered underwriting and claims processes; Third, a healthcare and senior care ecosystem covering everything from communities to institutions. These advantages weren't built in a day.
Another shareholder named "Tyrion cycle" commented that the market has reached a stage where, although technology represents the future, tech stocks have volatile earnings realization cycles. Therefore, at this market stage, it's appropriate to rotate from high-growth stocks to dividend stocks and undervalued stocks. Personally, I believe Ping An Insurance deserves attention as it's the insurance sector leader and a giant enterprise with dividends consistently near 5%. The stock price has recently undergone some adjustment, providing a good opportunity to build positions. The company is currently hosting a shareholder festival with both dividends and prizes, demonstrating genuine care for investors.
A shareholder identified as "jia****ilin588" conducted an in-depth study of Ping An Insurance's business model and seeks to apply insights to their own business operations. They stated: "I'm a small business owner, and Ping An's 'comprehensive finance' model has been very inspiring to me. My company is also trying to provide one-stop services to customers to enhance stickiness. As a shareholder, I've personally verified the superiority of Ping An's model. Its position in the industry is not just as a market cap leader, but as a benchmark for business models. Other companies also talk about 'ecosystems,' but Ping An's execution capability and implementation are in a league of their own, forming its deepest moat."
The "Ping An Insurance Shareholder Festival" is currently ongoing and will continue until October 16th. During this period, all Ping An Insurance shareholders can log into the event and participate in prize draws after shareholder identity verification, with chances to win trendy electronic products, health gift boxes, and other generous prizes. Additionally, investors who follow Ping An Insurance's corporate account on the Tonghuashun APP and add Ping An Insurance to their watchlist can also participate in the prize draw.
Notably, shareholder representatives participating in the shareholder festival will have opportunities to visit Ping An Insurance between October and December for on-site research of their invested company and open discussions with Ping An Insurance's management team. Interested parties can register on the event page.