If it takes 60 years to achieve a total return of 2500 times, then an annualized return of 13.9% is sufficient. Do you think the future net profit growth rate of Moutai will reach an annualized 10% or 11%? I think it's very likely. If Moutai's net profit continues to grow at this rate, then with the reinvestment of dividends, buying in with spare cash when undervalued to lower costs, and Moutai's increasing buyback efforts, these three factors combined may lead to a miracle of achieving a total return of 2500 times over the next 60 years. And let's not forget, even if we add 60 years starting from 2024, Moutai will only be 86 years old in terms of marketization, still much younger than Philip Morris! I have always believed that those who firmly think Moutai has little development potential and that it has peaked actually lack a deep understanding of investment. Because these people lack the mindset of compound interest and do not truly realize the miracles that an excellent company can create over a long period. These people often compare the height of a big tree to that of a small grass, or the size of an adult rabbit to that of a small elephant; the things are different, why compare? No matter how you compare, it's wrong.

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