Building Path of Big Order Thinking: Value Investing's "Didi Driver Strategy"

The “only take big orders” strategy of Didi drivers you mentioned is exactly the behavioral logic that value investors should hold in their long-term journey. Building “big order thinking” essentially means focusing capital, time, and attention on “high-value, low-noise” opportunities rather than rushing around among many “seemingly active but low marginal return small orders”. It can be systematized from the following dimensions:

• Value investors first need to define “what is a big order”: companies with sustained high ROE, stable cash flow, industry moats, and predictable growth.
• This requires establishing a set of your own stock selection criteria (e.g., long-term net profit growth rate, free cash flow/market value ratio, operating leverage stability, etc.), which are continuously calibrated as experience and research capabilities improve.
• The circle of competence is the boundary of industries/business models you can understand and evaluate; the clearer it is, the more you can filter out “non-big order” noise and truly “do subtraction”.

• “Waiting patiently for big orders” means staying calm amid short-term market fluctuations and not being disturbed by minor negative news or hot speculation.
• Declare your core position logic, heavy position limits, and position management rules to avoid frequent adjustments due to short-term news or market sentiment (frequent “small orders” are more like short-term games).
• At the same time, you can use regular reviews (e.g., quarterly) to verify whether the “value + growth + margin of safety” criteria are still met, rather than rushing to “be active” every time the price changes.

• Unlike “casting a wide net”, big order thinking emphasizes “careful selection”. You can set: a potential big order is only considered when research depth indicators (such as industry trends, management quality, capital allocation capability) reach at least a certain threshold.
• Hold for longer periods and value compounding: quality companies can participate in value release through dividends, business expansion, and repurchases even without active trading when undervalued.
• This mindset helps reduce transaction costs, taxes, and wrong decisions caused by “overconfidence”.

• Investment philosophy is hard to teach, partly because everyone’s circle of competence and understanding differ, and partly because “patience” and “single-focus” are self-discipline in nature.
• You can gradually cultivate discipline and big order thinking by establishing an “investment decision log”, recording why you bought/sold a target, how long you waited, whether there were disturbances, etc.
• At the same time, making “big order thinking” an action framework (e.g., looking for enterprises with three-year compound growth, stable cash flow, and high industry concentration; insisting on opening new positions during deterministic windows) is more executable than simple concept preaching.

The intuition of Didi drivers to “only take big orders” is the concretization of value investing: it’s not how many orders you can take, but how many truly “high-value” opportunities you can wait for. As an investor, you should grasp the essence of long-term value creation, establish a clear, executable process of “big order screening - patient holding - systematic review” that matches your personal circle of competence, thereby gaining steady long-term returns through time compounding.