Li Lu Quotes
I grew up in Communist China and never had much money to my name, and then, all of a sudden, I had giant student loans.
Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all the facts and truly know what you know and know what you don't know. That's your probability edge.
Management is always part of the equation of making the company successful, so the quality of management always matters.
The whole thing is, really, money makes money. That's the whole thing about capitalism. Without the capital, there is no -ism.
A 'competence' that has no defined borders cannot be called a true competence.
Part of the game of investing is to come into your own. You must find some way that perfectly fits your personality because there is some element of a zero sum game in investing. If you buy, somebody else has to sell. And when you sell, somebody has to buy. You can't both be right.
I graduated from Columbia University in 1996 and founded my investment company in 1997, thus starting my professional investment career.
The game of investing is a process of discovering who you are, what you're interested in, what you're good at, what you love to do, then magnifying that until you gain a sizable edge over all the other people.
To us, anyone who opposes dictatorship is our friend. Those who support it, our enemy.
I was a college student in 1989 when I participated in the demonstration at Tiananmen Square. I was one of the organizers.
For the vast majority of mankind's history, economic activity consisted of finding energy and using energy.
Only by a process of peaceful evolution can China accomplish its own goals of being a free, prosperous, and strong country.
I have three lovely children. They are beautiful, talented, and kind-hearted. I'm most proud of them. I love them so much that I will never want to burden them with a large amount of inherited wealth.
I think we Chinese are just as capable, as diligent, as hardworking, as peace-loving, and as creative as people everywhere.
At various stages in my life, I could have stopped, or took the long rest. For some reason, my heart told me otherwise. I just kept going. Half of the time, I wasn't sure where I was heading. The other half, I was probably taking the wrong turns. No matter.
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