$Bilibili Inc.(BILI)$ Don’t just rely on financial reports，some value can't be quantified on spreadsheets. Take Bilibili for example. Their focus on vertical, high-quality content driven by deep algorithms and user interests is clearly the direction video platforms are headed. This edge doesn’t show up in quarterly numbers，it requires business intuition and foresight to spot. And that kind of insight? That’s the highest invisible barrier in true value investing.
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