Apple and Pop Mart: Why Duan Sold Calls, Not Shares | Investor Playbook
Deep Values: Value Investing Deep Dives · Nov 6, 2026 · 20:37
Deep Values: Value Investing Deep Dives
Deep Values: Value Investing Deep Dives · Nov 6, 2026 · 20:37
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Duan Yongping sold Apple calls without selling a single share, and paused his open-market buying of Pop Mart. See how a value investor acts when a great business gets pricey and the margin of safety shrinks.
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Chapters
(0:00) Duan Yongping Investment Notebook
(2:59) Apple Valuation Assessment
(5:22) Apple Covered Calls Sold
(8:02) Long-Term Investor Takeaways
(9:02) Pop Mart Tactical Pause
(9:59) Buyback Mechanics Explained
(10:41) Tactical Ledger Matrix
(12:00) Buyback Mechanics Explained
(13:43) Long-Term Investor Takeaways
(19:43) Intelligent Investor Resources
(20:12) Get the apps
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Deep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.
Episodes: Deep Values: Value Investing Deep Dives
