Duan: 1. Do the right thing, and do things right. Find your own North Star, which refers to values, meaning you need to have a list of things not to do. You can see a huge difference in 30 years. 2. Think long-term, think about the essence, which indeed increases the probability of success a lot. 3. Diligence and talent are actually not that important; doing the right thing is most important. But the $Alphabet - C(GOOG.US) that Bin and Li Lu heavily invested in has risen a lot. Duan's $Apple(AAPL.US) and $Berkshire Hathaway B(BRK.B.US) aren't far from taking off either.