Private equity queen Xia Xia Capital’s Li Bei posted on her Moments. What is a “Lao Deng”? A Xiao Deng, who has witnessed the waves of human nature, endured the trials of market cycles, and still manages to survive healthily and happily in the market—gaining insight, discipline, a stable framework, and emotional control—can evolve into a Lao Deng. Most Xiao Dens die along the way—either financially, mentally, or physically. Li Bei of Xia Xia Capital: A Lao Deng, when facing pigs caught in most typhoons, can only think to herself: Too young, too simple, sometimes naive.
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