To Our Partners: Our Commitment to Value Investing
Ming Partnership Fund represents a pooled capital structure combining assets from our partners. As the General Partner, my role is to manage these assets according to Value Investment philosophy, driven by the mission of realizing significant, long-term capital gain for every partner.
Our investment strategy is solely focused on security investments and adheres to a zero-leverage policy. We prioritize long-term, sustainable value creation over short-term, rapid returns. This online platform plays a critical role in transparently recording our long-term performance and ensuring full disclosure to our partners.
We treat our partners' assets as our own, and we are committed to never having to start over again.
Core Investment Tenets:
Business Focus ▼
We regard common stock holdings as business investments, and we only invest in businesses we can understand.
We strive for holding a portfolio of good business with a cost under or close to their intrinsic values to achieve satisfactory long-term returns.
Long-term Oriented ▼
'If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.' Enlightened by the wisdom of Mr. Buffett and Mr. Munger, our goal is to maximize the power of compounding with minimal operational interference in good businesses.
Margin of Safety ▼
Inspired by Benjamin Graham, we purchase securities only when the market price and the economic characteristics of the business grant us an satisfactory margin of safety. This margin provides a crucial buffer against adverse economic events and unforeseen business risks.