$TENCENT(00700.HK)Many people have misunderstandings about value investing. They think as long as the company is good, it doesn't matter when you buy it, and holding it long-term will always lead to gains.

Buying blindly, holding stubbornly, and not timing the market is not value investing. Even the best leading company with the strongest fundamentals, if bought at a high bubble zone, can still trap you for 3-5 years.

A good company + a cheap price is what value investing is. There are also good companies domestically, like Tencent, just waiting for a good opportunity.